CNMC Gold Mining

[specuvestor]

since it is a large scale operation which involves unlimited mining of ore, the mining activities will be very damaging to the environment. since the land belongs to the government, imo they need to temporary stop work and seek further permission which seems more logical in this situation.

I'm increasing stake in this sell down which could turn out bad as well. but I'm thinking if the unlimited mining can be approved, the revenue will be significantly higher in near future.

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Hi Life is a game

Have you met the chairman, vice-chair or seen their presentation?

[Life is a game]

Hi Specuvestor. I have not met any of the mgmt team for cnmc nor seen their presentation live only got their info through reading materials available. I started in this counter in 2014 with a very small bet to act as hedging against equity and political turmoil. today dip was the first time I added some stake. would you have any advice or insights that could provide me some guidance? I buy into this counter also because the mgmt have been very upfront in their activities via the press.

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[specuvestor]

I could only remember their flamboyant roadshow with standard Westcomb style

What is the catalyst that you guys are looking at?

US continue printing. Currency weaken to push gold price up. Hehe.

😇天堂与地狱😈就在当下

Vice Chair is well known. Chair is supposed to be well-connected. I saw in their website their investor meeting coming so maybe you can pay them a visit, but say limited to 20 seats which I'm not sure if that's permissible

Maybe you have a better idea after meeting them.

[money]

Hi Specuvestor. I have not met any of the mgmt team for cnmc nor seen their presentation live only got their info through reading materials available. I started in this counter in 2014 with a very small bet to act as hedging against equity and political turmoil. today dip was the first time I added some stake. would you have any advice or insights that could provide me some guidance? I buy into this counter also because the mgmt have been very upfront in their activities via the press.

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Hi LIAG, should you lose money in this company, i think it is okay, everyone will make mistakes some day. Perhaps in this company, you forgot to consider the political risk and the very fact that some governments are just chao kwan. Anyway, you dont have to double your holdings, you need not make money back from the same company, sometimes it is just impossible.

Think about the many uncles who bought cosco from $5 to $9 and still dreaming that if they hold the stock further, someday they will get back their capital. sadly, my dad is one of them

[lkw175]

haha more likely is the malaysia gov wants to take over lah. Create problem for CNMC then chase them out. After a while, approve for their own local company to mine loh. 

Not the first time a highly profitable business is swallowed by local.

@ life is a game : if you are buying more and significant amount perhaps its better to check with management what this thing is really about. If they applied for unlimited mining does this mean the previous licence was only for mineral exploration? Or was there a limit cap in the previous agreement? It is very likely if they cease for long enough, the share price could hit back sub 20c level. 

review should not require complete operation stop if the current operation is within limits of current licence agreement, unless there is already severe environmental impact happening, like the pollution of the rivers etc impacting water supply. If this is regular practice, management perhaps should have beforehand issued statement warning of operation stop to shareholders when they submitted the application for unlimited mining rights.

THis has probably not happened but its a key risk for any gold mining sort of operation.

https://en.wikipedia.org/wiki/2015_Gold_...ater_spill

CNMC jialat liao lah [emoji14]

Hi BlueKelah... I total agree with your points... thank you for sharing your thoughts too.

I read the announcement yesterday, caught me by surprised with such development but also end up with more question marks (?)....

The only clear information that I gathered is... stop work..

[Life is a game]

Hi Specuvestor. I have not met any of the mgmt team for cnmc nor seen their presentation live only got their info through reading materials available. I started in this counter in 2014 with a very small bet to act as hedging against equity and political turmoil. today dip was the first time I added some stake. would you have any advice or insights that could provide me some guidance? I buy into this counter also because the mgmt have been very upfront in their activities via the press.

Sent from my SM-N9005 using Tapatalk

Hi LIAG, should you lose money in this company, i think it is okay, everyone will make mistakes some day. Perhaps in this company, you forgot to consider the political risk and the very fact that some governments are just chao kwan. Anyway, you dont have to double your holdings, you need not make money back from the same company, sometimes it is just impossible.

Think about the many uncles who bought cosco from $5 to $9 and still dreaming that if they hold the stock further, someday they will get back their capital. sadly, my dad is one of them

Thanks money buddy for the encouragement. I just hope cnmc will not be turn table. after all they just got pulai mining deal which is in the same state as sokor project. not sure how true but someone in hwz called cnmc and they explained that this application large mining has been applied many years ago and now the mining authority then started the paperwork.

@specuvestor buddy. I think my stake in cnmc still far from the invited 20 list of people. but if any buddy here can make it to the 20 hope they can share with us the meeting agenda.

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[specuvestor]

^^ it's supposedly on a first-come-first-serve basis so u can go attend and share in VB thereafter

[Life is a game]

^^ it's supposedly on a first-come-first-serve basis so u can go attend and share in VB thereafter

Ok signed up see if they respond to me.

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[BlueKelah]

stop work order lifted today by kelantan gov. That was a very FAST. Review of application seems to be ongoing still though..

gold price seems to be going down though

good luck life is a game

[lkw175]

I guess the CNMC faithful ones are having the final laugh... congrats and cheer to them