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CNMC Goldmine
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Goldminer
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huattuatua
Master |
10-Feb-2025 09:17
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slowly creeping up now 32/325, think will let go all my holdings at 35/36 and all pile into dbs to collect the 60 cts div. huat...... |
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Joelton
Supreme |
07-Feb-2025 12:13
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Lim & Tan Securities initiates &lsquo buy&rsquo call on CNMC Goldmine on the back of rising gold prices
 
Lim & Tan Securities analyst Chan En Jie has initiated a &ldquo buy&rdquo call on CNMC Goldmine as he sees several upsides for the company on the back of higher gold prices.
 
&ldquo As a gold-mining company selling at the spot rate, CNMC is a direct beneficiary of rising prices for the precious metal,&rdquo Chan points out. As at his report, average gold prices have risen from US$1,960 per ounce in 2023 to US$2,266 per ounce in the first half of 2024 and closing at US$2,624 per ounce at the end of the year. As at Feb 6, gold is trading at around the US$2,860 mark per ounce.
 
Demand for gold rose in recent years due to its status as a safe-haven asset amid geopolitical tensions. Demand also increased on the back of central bank purchases, interest rate cuts and is seen as a hedge against inflation.
 
Chan also notes that CNMC&rsquo s net profit for its 1HFY2024 results ended June 31, 2024, surged by 160% y-o-y from higher gold prices. As such, the analyst continues to expect surging gold prices to contribute &ldquo significantly&rdquo towards CNMC&rsquo s bottom line.
 
On Jan 21, CNMC guided that it expects to report a &ldquo significant overall improvement&rdquo in its FY2024 net profit on a y-o-y basis. This was attributed to the higher revenue from the sale of gold and lead and zinc concentrate during the year. CNMC is expected to release its FY2024 results on or before Feb 28.
 
CNMC is also seeking to capitalise on the rising gold prices in 2025 with the expansion of its gold production capacity at Sokor Gold Field.
 
&ldquo To extract more higher-grade gold ores, the company is building its second underground gold mining facility at Sokor and is expected to be completed in 2025,&rdquo Chan notes. &ldquo In addition, CNMC is expanding its carbon-in-leach (CIL) plant which will increase processing capacity by 60% to 800 tonnes of gold ore a day.&rdquo
 
Beyond gold, CNMC&rsquo s diversification into lead and zinc concentrates since 2023 provides an additional revenue stream to its bottom-line.
 
&ldquo The recent entry into a 10 year agreement to sell these base metals to a 3rd party commodities trader will provide long-term recurring income for CNMC. Contributions are substantial at about 35% of total revenues,&rdquo says Chan.
 
The analyst has given an initial target price of 43 cents, which represents an upside of 38.7% to CNMC&rsquo s last-traded price of 31 cents as at his report dated Feb 6. The discounted cash flow (DCF)-based target price is pegged to a blend of 12 times CNMC&rsquo s FY2024 P/E of 12.1 times, around its peers&rsquo average.
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ozone2002
Supreme |
05-Feb-2025 10:51
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CNMC Goldmine Holdings Ltd. (CNMC SP)  - Long &ndash Entry 0.300 Target 0.320, Stop 0.290 Shares closed at a 52-week high with a surge in volume. MACD is positive, RSI is at an overbought level. ![]() |
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spursfan
Elite |
04-Feb-2025 19:28
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you can see from the chart -click All. https://sg.finance.yahoo.com/quote/5TP.SI/
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alfredx
Senior |
04-Feb-2025 19:25
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All the time Jul /2016
Open : 0.43 High : 0.61 Close : 0.49
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prophetjul
Veteran |
04-Feb-2025 18:17
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What is the all time high for this stock?
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huattuatua
Master |
04-Feb-2025 16:47
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told u liao lo, hahahahahaha, dam shiok
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spursfan
Elite |
04-Feb-2025 16:27
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not bad , one shot  over 900lots  at 30cts cleared .  30cts last seen five years ago. | ||||
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easywin
Supreme |
31-Jan-2025 17:16
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Last few seconds than makan up
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huattuatua
Master |
31-Jan-2025 17:10
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295 all being snapped up by bbs? monday super chiong? |
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huattuatua
Master |
31-Jan-2025 16:58
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dam shiok and super huat on 1st trading day of the yr of snake hopefully next week 3+ leh   |
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KenMcGormick
Member |
31-Jan-2025 10:00
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Previous half they reported revenues of around 30M usd with slightly under 6M of earnings with avg selling price for gold at 2266usd/oz. Assuming all else equal with earnings adjusted for gold price at around 2.5k, hopefully can see revenues of around 33M and earnings slightly under 8M. If they distribute 70%, then dividends this half should be able to see around 1.5c to 2c sgd. | ||||
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huattuatua
Master |
31-Jan-2025 09:08
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27/275 nobody wants now 285/29 suddenly so many buyers stockmarket is indeed a strange place, lol |
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easywin
Supreme |
22-Jan-2025 10:37
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Gradually buy when not many buying interest, sell when many interested. | ||||
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Joelton
Supreme |
22-Jan-2025 10:31
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CNMC Goldmine expects &lsquo significant improvement&rsquo in profit guidance for FY2024
CNMC Goldmine Holdings expects a &ldquo significant overall improvement&rdquo in its FY2024 earnings over the preceding FY2023 ended Dec 2023.
 
The company explains that the improvement is due to higher revenue from the sale of gold, as well as lead and zinc concentrate during the year. 
 
It expects to report its FY2024 results on or before Feb 28.
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spursfan
Elite |
21-Jan-2025 17:29
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this year profit guidance come in early. let hope not the usual lacklustre reaction from market. PROFIT GUIDANCE FOR FULL YEAR ENDED 31 DECEMBER 2024 (&ldquo FY2024&rdquo ) The Board of Directors (the &ldquo Board&rdquo ) of CNMC Goldmine Holdings Limited (the &ldquo Company&rdquo , and together with its subsidiaries, the &ldquo Group&rdquo ) wishes to announce that the Group is expecting a significant overall improvement in its net profit for FY2024, as compared to the net profit recorded for the corresponding period ended 31 December 2023 (&ldquo FY2023&rdquo ). The unaudited profit for FY2024 shows a significant improvement compared to FY2023, driven primarily by increased revenue from the sale of gold, as well as lead and zinc concentrate during the year. The foregoing profit-guidance is based on a preliminary review of the Group&rsquo s unaudited consolidated financial results for FY2024. Details will be disclosed when the Company releases the Group&rsquo s unaudited consolidated financial results for FY2024 on or before 28 February 2025.  https://links.sgx.com/1.0.0/corporate-announcements/TJDN37SBFRHWQXLT/830940_Profit_Guidance_FY2024.pdf |
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spursfan
Elite |
21-Jan-2025 11:44
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some positive signs from last few sessions.  price inching up from low of 23cts in nov.  good if it can break above recent high of 28cts in oct.  full years results coming in in late feb.  expected to be good. | ||||
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KenMcGormick
Member |
19-Dec-2024 18:09
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CNMC and gold price went down even with this rate cut. Why! Is it time to sell?
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Eagle88
Supreme |
17-Dec-2024 14:42
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China resumed gold purchases last month after prices soaredhttps://www.theedgesingapore.com/news/gold/china-resumed-gold-purchases-last-month-after-prices-soared  |
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Eagle88
Supreme |
17-Dec-2024 14:39
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Why Bitcoin and gold are essential to your portfolio as the digital asset soars to US$100,000https://www.theedgesingapore.com/news/special-feature/why-bitcoin-and-gold-are-essential-your-portfolio-digital-asset-soars-us100000 |
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