| Latest Forum Topics / CNMC Goldmine Last:1.22 -- |
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GSS ENERGY - The NEW ENERGY PLAY BULL
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halleluyah
Supreme |
06-Jun-2016 10:15
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Might b testing 32cts n go higher high... |
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SaltyCake
Senior |
06-Jun-2016 09:27
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Look out for some exciting movement soon!
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halleluyah
Supreme |
03-Jun-2016 22:22
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Gold is shining vry brightly now...up 2.62% ($31.69).... |
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sengsk
Elite |
30-May-2016 19:02
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Time to have good monitor on CNMC May good to test water if next 3 days not go below 0.265 (good buy) ( Just personal view, no encouragement for buy/sell ) cd: GMB8x8kps |
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paul1688
Veteran |
30-May-2016 13:35
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Latest update from NRA Capital over the weekend, 29 May 2016 IT' S NOT OFTEN that a Singapore company can achieve business performance that makes it stand out globally in the industry it is in. Thus, it' s notable that CNMC Goldmine has done so and, even more surprisingly, in an industry that Singapore is least known for ---- gold mining. CNMC Goldmine is majority-owned by Singaporeans, including its controlling shareholders and its minority shareholders.While CNMC, as a listed company in Singapore, has made public its financial performance every quarter since its listing in 2011, how it ranks among global peers came to light only last Thursday evening (May 26).This was at an event organised by Financial PR, where Liu Jinshu, director of research at NRA Capital, gave his analysis (following which CNMC' s CEO, Chris Lim, gave a presentation on his company). - Globally, CNMC was one of the few profitable gold miners in 2015. - Better still, " its trailing 12-month EBITDA, EBIT and net margin rank above the top 10 percent of 158 gold miners in our global sample set," said Mr Liu - And CNMC also has one of the strongest balance sheets, he said. Of the 158 gold miners, 73 are in a net cash position, which averages 23.5% of their book value of equity. In comparison, CNMC&rsquo s net cash is equivalent to 58% of the book value of its equity. - The eye-opening string of positive metrics does not stop there. The average return on equity of CNMC was positive 36.4% (on a trailing 12-month basis) while the 158 gold miners' was negative 26% on average. Turns out that on a price to book basis, CNMC trades at only 2.34X (not counting its gold reserves and resources) compared to the average 3.6x.In other words, CNMC has gone largely under-appreciated, even when it also has the strong free cashflow to pay dividends, which currently translate into a decent 3.15% yield. OK, gold prices aren' t exactly shooting through the roof. At current gold price levels, however, CNMC makes about US$700 per oz in net profit (ie US$1,200 gold spot price minus CNMC' s all-in cost of US$500 per oz). If it' s any consolation, gold miners everywhere appear to be under appreciated, according to Mr Liu. He said that the ratio of the NYSE Arca Gold Miners Index to gold spot price has fallen below 1 to 0.51 as of 24 May 2016. The long term average since September 1993 was 1.2x. Fair value 43 cents. Disclaimer : Did not check on all the stated facts. NRA Cap has been a bull on CNMC. Please DYODD. I am vested. |
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jcbull
Senior |
21-May-2016 20:37
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NYSE gold counters are poised for a correction.
They have gone up 300-400% from their lows. Not the right time to go in. However, for CNMC, I think it will be range-bound between 255-295 for now and move higher as we approach August, the next quarter report announcement. |
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luca_brasi
Member |
21-May-2016 11:12
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Sure, boring until you see a Chinese miner offering 50c / share...
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iwonder
Veteran |
20-May-2016 15:30
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If you want to buy gold miners, better buy those listed in NYSE. CNMC listed in SGX is boring.
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paul1688
Veteran |
20-May-2016 14:50
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From the NRA Analyst 20 May 2016 Share price: 26.5c Fair value: 43c Maintain high return/low risk view. CNMC Goldmine Holdings Limited delivered a strong set of results that exceeded our expectations with PATMI growing by 133% from US$1.96m in 1Q15 to US$4.57m in 1Q16. We remain bullish on CNMC and maintain our view that the company is high return/low risk, as CNMC continues to benefit from the triple combination of higher output, higher selling prices and low costs. Any new concession will be a positive icing on the cake, supported by a solid balance sheet of 8.8 cents per share of net cash (33% of share price). First gold pour points to 40,000oz output potential. The company announced on 13 April that it has achieved first gold pour of 1,363.3oz of gold dore bars from its newly upgraded vat leaching facility. We estimate that this facility has the potential to produce 3,000oz of fine gold per quarter or 9,000oz from 2Q16 to 4Q16. Coupled with 31,000oz/year of production from heap leaching, total 2016 potential works out to about 40,000oz/year. ♦ Our 35,613oz forecast now looks conservative. On a trailing 12-month basis, CNMC has already produced 31,963oz of gold, just 3,650oz short of our full year forecast of 35,613oz. We tested our model by assuming output of 40,000oz of output in 2016 ? 2016F EBITDA margin rises from 58% to 61%, and PATMI will in turn rise from US$16.46m to US$20.04m. On balance, we decided to remain conservative and keep our forecasts unchanged ? transient factors such as weather and changes in ore quality can still affect near term output. ♦ ASP looks set to recover further. ASP/oz of gold rose 5.8% from US$1,093/oz in 4Q15 to US$1,156/oz in 1Q16. Based on average gold price of US$1,253/oz from 1 April to 13 May, ASP may rise by another 8.3% in 2Q16. In our model, we continue to assume ASP of US$1,200/oz in 2016. ♦ All-in costs dropped to US$487/oz from US$555/oz in 4Q. The decline in all-in costs was mainly due to lower general and administrative costs and non-sustaining capex. Accounting cost (depreciation and operating costs, less net financing income and exchange gains and losses) shrank from US$707/oz a year ago to US$650.2/oz in 1Q16, but still higher than US$629/oz in 4Q15. We are still forecasting full year accounting cost of US$631/oz, which is achievable as production scales up further in 2016. 2Q and 3Q accounting costs were below US$600/oz last year. ♦ Prospect of new concession and strong balance sheet makes for compelling case. CNMC has been commenting that it is exploring opportunities to expand its minerals portfolio since the 2Q15 results announcement. In the latest briefing, there was more discussion over these opportunities. Any such news will be a positive catalyst, especially when the company is well funded to take on such projects. | ||||
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Wind22i
Supreme |
16-May-2016 22:06
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Its mining gold in a cheap way...with new production line coming and gold price going up...its looks good | ||||
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jcbull
Senior |
16-May-2016 21:38
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look like 26.5 holds and the price rebounds from there. |
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halleluyah
Supreme |
16-May-2016 20:48
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Gold rally...up 11.95 (1285.40)....will go higher.... |
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Wind22i
Supreme |
14-May-2016 13:27
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Now thats a healthy consolidation..And good price to go in..
When new production line begins, the profit and revenue will increase accordingly
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jcbull
Senior |
14-May-2016 09:15
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The chart doesn' t look good now. Don' t fight the market. Let it settles.Using Fibonacci retracement at 50% from 31.5, it may hold and reverse in trend at 26.5 cents. If that fails, next retracement is at 62% or 25.5 cents.The big fish probably sold on 4 May when it hits a high of 31.5. So, wait for another 4 days (Result day + 6) for all the weak holders and contra to purge.At 25.5 cents, it will be very attractive when gold price is holding above 1200. Next quarter will report the increase in production from the 2nd production line, better gold price, continue low all-in-cost and announcement of 1st dividend for the year. However, the exchange rate may have some impact to the profit and loss. |
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SaltyCake
Senior |
13-May-2016 18:08
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It has been in the overbought region for a period of time, this pullback puts the stock back into the healthy zone for better upsides
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luca_brasi
Member |
13-May-2016 17:24
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Healthy pullback, preparing for the next leg up |
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nqing87
Supreme |
13-May-2016 14:50
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so best is wonderful company at a wonderful price lol
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morventay
Member |
13-May-2016 14:23
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so you mean the first or the latter?
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paul1688
Veteran |
13-May-2016 08:37
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It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.
- Warren Buffett - My current view on CNMC. Sharing. Not enticement to buy or hold. |
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SaltyCake
Senior |
12-May-2016 22:39
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RSI value has dropped quite significantly, out of the overbought zone. And heading to near 50 and the 50/30 area soon |
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