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Latest Forum Topics / CNMC Goldmine    Last:1.24 --  Post Reply
Goldminer
Octavia
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19-Dec-2015 15:23     
 
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Gold tumbles to six-year lowgold prices plunge

Janet Yellen isn' t doing gold bugs any favors.



Gold prices tumbled 2.5% on Thursday to $1,049.60 an ounce -- the lowest level since October 2009. It was gold' s worst day in nearly two months. The precious metal is down 11% so far this year.

The latest blow to gold was sparked by the Federal Reserve' s decision to  raise interest rates  for the first time in nearly a decade.

The historic move, led by Fed chief Yellen, is a big negative for gold because it lowers the chances that near-zero rates cause a bout of severe inflation. The rate hike also sent the U.S. dollar sharply higher on Thursday as it signals Fed  confidence in the health of the American economy.

None of that is good for gold, which tends to rise when people are worried about inflation or the stability of the economy.gold prices 2015

" Gold is a very effective hedge against inflation but the global landscape is dearth of inflation," said Peter Kenny, an independent market strategist and founder of Kenny' s Commentary.

In fact, many economies, especially Europe and China, are dealing with the bigger risk of deflation right now.

" Gold will continue to weaken. Today' s lows are probably not the lows we' re going to see next year," said Kenny.

Related: Copper, aluminum and steel collapse to crisis levels

Gold' s heyday was during the 2008 crisis when people flocked to the metal as people feared a collapse of the global financial system and stocks crashed. Before its recent decline, gold continued rising to nearly $2,000 an ounce in 2011 as the Fed pumped money into the economy at an unprecedented pace, setting off concerns of inflation.

Some believe gold is poised to rebound from a difficult 2015 as investors rethink the likelihood of future rate hikes from the Fed.

" When the dust settles, gold will do just fine," said Axel Merk, founder of Merk Investments, which specializes in currencies and gold.

Merk doesn' t buy talk that the U.S. dollar is " going through the roof," arguing it will stop rallying as people realize the Fed is unlikely to aggressively raise rates. He also suggested that future Fed action might " create more havoc" in the stock market, which can drive gold prices higher.

In any case, the latest selling in gold drove down shares of metals and mining stocks on Thursday.FreeportMcMoRan  (FCX)  plunged nearly 9%, making it the worst S& P 500 stock and leaving its shares down by 74% so far this year.
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jcbull
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19-Dec-2015 13:53     
 
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Based on 0.193 price, the dividends may hit 4% this year..According to the Edge, the company has reserved MYR$50M for develope a new mine to production status..Hopefully, they manage to acquire a gold mining license in Malaysia soon..this will be the catalyst for the price to move... This is a low liquidity stock and there is no interests in such counter at the moment.
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jcbull
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22-Aug-2015 22:15     
 
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All gold mines around the world had rallied and is still going up..but Singapore gold mines counters didn' t move!Wiat for gold to go beyond US$1200/oz and higher.... PE ratio is slightly over 5. Current cash or cash equivalent is USD16.2M which is about 4 UScents already. Dividend is about 2-3% much more than other gold mines.
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jcbull
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22-Aug-2015 21:56     
 
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All in sustaining cost is only US$517. This is the lowest among all other gold mines. Furthermore, ringgit and sing dollars have been going down with respect to US$, the cost and profit translats back are favourable..I don' t believe this counter will stay low at this price.
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TuaPekGong9413
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20-Aug-2015 23:02     
 
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 Alert Admin 		This one seems buying up slowly.....gold price up this few days
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fooodball
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17-Feb-2015 09:40     
 
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wow strong
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deviltheory
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17-Feb-2015 09:24     
 
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http://cnmc.listedcompany.com/newsroom/20150216_171211_5TP_0TNCP9ZE5CMQLWWD.1.pdf
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deviltheory
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17-Feb-2015 09:20     
 
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CNMC' s FY2014 Net Profit More Than Quadrupled To Record US$15.32 Million On Back Of Strong Gold Production
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ozone2002
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07-Jan-2015 10:54     
 
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CNMC Goldmine ($0.265, up 0.5 cents) announced that

its Sokor Gold Project had produced a total of 4,681.15

ounces of gold dore bars in Dec-14, despite the continuous

heavy rainfall experienced during the seasonal North-East

monsoon period. Also, the company updated that its mining

site and facilities have not been severely affected by the

recent unfortunate fl ood events in Kelantan.
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kenzo1975
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19-Dec-2014 16:34     
 
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mar de wang ba dan, 275 fang yi li.... 
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kenzo1975
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19-Dec-2014 11:05     
 
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SOON will be getting total $35 for 2014.. hehe not bad.....
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domanic
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19-Dec-2014 08:45     
 
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Quite disappointed with the 0.5% dividend. Hope the special dividend dont disappoint.

jcbull      ( Date: 18-Dec-2014 20:47) Posted:



Good news. Interim Dividend of 0.15 cents pay out on 20 Jan 2015. On the card also have final and special dividend which needs to be approved in next AGM.

The board of directors of CNMC Goldmine Holdings Limited (the &ldquo Company&rdquo ) is pleased to
announce that it has declared an interim one-tier tax exempt dividend of S$0.0015 per ordinary
share in respect of the financial year ending 31 December 2014.
Please refer to the Company&rsquo s announcement of even date for the date on which the Share
Transfer Book and Register of Members of the Company will be closed for the purpose of
determining the entitlements of the Company&rsquo s shareholders for the dividend payment.
Barring unforeseen circumstances, the Company intends to seek shareholders&rsquo approval for a
final and special dividend for FY2014 at the next AGM. 

http://cnmc.listedcompany.com/newsroom/20141218_170609_5TP_U32KDIVY19T8I32N.1.pdf

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jcbull
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18-Dec-2014 20:47     
 
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Good news. Interim Dividend of 0.15 cents pay out on 20 Jan 2015. On the card also have final and special dividend which needs to be approved in next AGM.

The board of directors of CNMC Goldmine Holdings Limited (the &ldquo Company&rdquo ) is pleased to
announce that it has declared an interim one-tier tax exempt dividend of S$0.0015 per ordinary
share in respect of the financial year ending 31 December 2014.
Please refer to the Company&rsquo s announcement of even date for the date on which the Share
Transfer Book and Register of Members of the Company will be closed for the purpose of
determining the entitlements of the Company&rsquo s shareholders for the dividend payment.
Barring unforeseen circumstances, the Company intends to seek shareholders&rsquo approval for a
final and special dividend for FY2014 at the next AGM. 

http://cnmc.listedcompany.com/newsroom/20141218_170609_5TP_U32KDIVY19T8I32N.1.pdf
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soojinhou
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24-Nov-2014 15:39     
 
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CNMC' s management is fantastic.  I received a reply from CNMC' s investor relations, not just a few sentences, but a couple of paragraphs.  Does this sound like good management or what?  Below is their reply:

Dear  Mr  Soo,

Thank you for your query and your support of CNMC.

Aside from the hardware involved in the mining of gold, many other factors beyond our control impacts upon the production volume key of which are ore quality  &   soil composition of the vein currently mined  and prevailing weather conditions  during the leaching processing.  

With regard to weather conditions, heat & humidity affects greatly on the leaching processing.   For example, if the weather is hot and dry, more water is needed  to maintain the required  alkaline level  and the leaching process  will be lengthened. The soil composition will also greatly affect the alkalinity of the water in the leaching process thereby affect leaching time.   In effect, each gold pour is distinctly different from the one before and the one after.  

The installation of new equipment in our mining operation and refining plant will increase the amount of ore processed.   The  quantity  of the output i.e. how many ounces of gold produced per pour, is primarily determined by the quality of the ore.   The time it takes to extract maximum amount of gold from the ore in each leaching process is determined by prevailing weather conditions  -- for example, it may take 20 days to leach  one batch of ore, it may take 25-30  days to leach another.  As such, it is almost impossible to " smooth out the lumpiness of the production level" as you mentioned. 

The fact that production peaked at the final months of Q2 & Q3 is happenstance, essentially dictated by mother nature.

I hope this answers your questions.   Please do not hesitate to contact us again should you have more queries about CNMC.

 

domanic      ( Date: 13-Nov-2014 08:49) Posted:



Does this sound like good management or what?

soojinhou      ( Date: 13-Nov-2014 08:47) Posted:



CNMC' s production volume is quite lumpy.  CNMC produced 4356 oz in June, but Q2 number came in at only 6470 oz.  It produced 5201 oz in September, but Q3 number came in at only 7667 oz. 

A possible explanation for the huge discrepancy between the first 2 months vis-à -vis the last month may be caused by balancing low quality ore with high quality ones.  Instead of depleting high quality ore quickly, perhaps CNMC tries to achieve a consistent quarterly output by using low quality ones in the first 2 months and then high quality one in the last month.  To support the hypothesis, I computed the theoretical average production volume for comparison.

Based on numbers obtained from announcements, the average gold production per quarter is around 12,861 oz / quarter.  Calculation is as follows:

Reserves=9.14 m tons

Average grade=1.6 g/t

Maximum leaching capacity=1m ton per year of ore

Max production per year=51k oz per year or

Max production per quarter=12,861 oz per quarter

 

So, based on calculation, Q3 production at 7667 oz does not seem to be manipulative, i.e, the company attempting to boost production but using up good reserves first.  Too be I was not present at the investor dialogue to confirm my hypothesis, oh well...


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domanic
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13-Nov-2014 08:49     
 
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Does this sound like good management or what?

soojinhou      ( Date: 13-Nov-2014 08:47) Posted:



CNMC' s production volume is quite lumpy.  CNMC produced 4356 oz in June, but Q2 number came in at only 6470 oz.  It produced 5201 oz in September, but Q3 number came in at only 7667 oz. 

A possible explanation for the huge discrepancy between the first 2 months vis-à -vis the last month may be caused by balancing low quality ore with high quality ones.  Instead of depleting high quality ore quickly, perhaps CNMC tries to achieve a consistent quarterly output by using low quality ones in the first 2 months and then high quality one in the last month.  To support the hypothesis, I computed the theoretical average production volume for comparison.

Based on numbers obtained from announcements, the average gold production per quarter is around 12,861 oz / quarter.  Calculation is as follows:

Reserves=9.14 m tons

Average grade=1.6 g/t

Maximum leaching capacity=1m ton per year of ore

Max production per year=51k oz per year or

Max production per quarter=12,861 oz per quarter

 

So, based on calculation, Q3 production at 7667 oz does not seem to be manipulative, i.e, the company attempting to boost production but using up good reserves first.  Too be I was not present at the investor dialogue to confirm my hypothesis, oh well...

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soojinhou
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13-Nov-2014 08:47     
 
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CNMC' s production volume is quite lumpy.  CNMC produced 4356 oz in June, but Q2 number came in at only 6470 oz.  It produced 5201 oz in September, but Q3 number came in at only 7667 oz. 

A possible explanation for the huge discrepancy between the first 2 months vis-à -vis the last month may be caused by balancing low quality ore with high quality ones.  Instead of depleting high quality ore quickly, perhaps CNMC tries to achieve a consistent quarterly output by using low quality ones in the first 2 months and then high quality one in the last month.  To support the hypothesis, I computed the theoretical average production volume for comparison.

Based on numbers obtained from announcements, the average gold production per quarter is around 12,861 oz / quarter.  Calculation is as follows:

Reserves=9.14 m tons

Average grade=1.6 g/t

Maximum leaching capacity=1m ton per year of ore

Max production per year=51k oz per year or

Max production per quarter=12,861 oz per quarter

 

So, based on calculation, Q3 production at 7667 oz does not seem to be manipulative, i.e, the company attempting to boost production but using up good reserves first.  Too be I was not present at the investor dialogue to confirm my hypothesis, oh well...
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kenzo1975
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11-Nov-2014 15:42     
 
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invester dialogue is today3pm, what time finished?
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domanic
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11-Nov-2014 15:41     
 
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bro just give their IR a call.

soojinhou      ( Date: 11-Nov-2014 15:26) Posted:



Anyone went for the investor dialogue?  My question is: Production seems to be max at the last month of the quarter.  Is it because the old crushing machine is too slow to fully take advantage of the 3rd leach yard?  Will the new crusher help?  Would love to hear from anyone who went.  I' m a foreign investor, so can' t go.  A bit dissapointed with market reaction but no regrets investing in this counter.  CNMC is as close as it gets to printing money. 

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domanic
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11-Nov-2014 15:39     
 
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lol i never went but i bought more .. im probably buying another 100 over lots in the next few months

soojinhou      ( Date: 11-Nov-2014 15:26) Posted:



Anyone went for the investor dialogue?  My question is: Production seems to be max at the last month of the quarter.  Is it because the old crushing machine is too slow to fully take advantage of the 3rd leach yard?  Will the new crusher help?  Would love to hear from anyone who went.  I' m a foreign investor, so can' t go.  A bit dissapointed with market reaction but no regrets investing in this counter.  CNMC is as close as it gets to printing money. 

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soojinhou
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11-Nov-2014 15:26     
 
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Anyone went for the investor dialogue?  My question is: Production seems to be max at the last month of the quarter.  Is it because the old crushing machine is too slow to fully take advantage of the 3rd leach yard?  Will the new crusher help?  Would love to hear from anyone who went.  I' m a foreign investor, so can' t go.  A bit dissapointed with market reaction but no regrets investing in this counter.  CNMC is as close as it gets to printing money. 
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