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Healthy pullback, preparing for the next leg up
so best is wonderful company at a wonderful price lol
paul1688 ( Date: 13-May-2016 08:37) Posted:
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so you mean the first or the latter?
paul1688 ( Date: 13-May-2016 08:37) Posted:
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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.
- Warren Buffett -
My current view on CNMC. Sharing. Not enticement to buy or hold.
RSI value has dropped quite significantly, out of the overbought zone. And heading to near 50 and the 50/30 area soon
Accumulation still on-going while the trend set for a slight adjustment after being in over-sold region for quite a period of time. Good to see that price is still sticking around the region. Looking forward to Q2 result, since gold price rose to a higher price range near march onwards, and given the fact that their new vat is now opened. We could see a significant increment again next Qtr.
Yup. Well summed up in layman terms.
NoMoney ( Date: 12-May-2016 09:28) Posted:
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hope so. and i hope these mining coy listed in sgx does not follow the footstep of MeowMeowGold(LionGold still kana trap) from $1.xx become $0.003
Extra information
GOLD Mining company = Investing in the company itself (Not wrong as could see higher in gold price so should have better net profit but might take 6 mth to 1 yr to see effect)
GOLD ETF = Investing in " Paper Gold" (Up means UP / Down Means Down)
Physical Gold/SIlver just long no wrong as they are still an asset
paul1688 ( Date: 12-May-2016 09:00) Posted:
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You are not wrong in your statements. Questions are why we invest in the stock choices we make. Price alone is not a measure of value or cheap. Gold ETF is non yielding but I buy as I am very long on gold price. I buy CNMC as with any company - on its financial potential. I no longer invest in falling knives however cheap the price looks compared with history. I buy rising tide stocks with clear earnings path and I do not care what the historical low prices used to be when earnings and operations visibility are unclear. For this reason Anchor is not my target choice (yet). If one punts Anchor will follow CNMC path (losses to earnings with increasing reserves and production, then yes, it could be an early mover play now. I prefer to see earnings report that are bullish before buying. All the best to your holdings.
NoMoney ( Date: 12-May-2016 08:24) Posted:
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when price is at 17.5 noone buying.. when prices is 27.5 everyone keeps saying buy buy....
Just becareful. many might have bought at low and waiting to sell to you.
Must undersand difference between GOLD ETF and Gold Mining Company
For me i got a few GOLD ETF and anchor resource(@ ~50% discount range) and split the basket. DYODD
Managed to buy quite a bit at different prices from 0.275-0.305.
paul1688 ( Date: 11-May-2016 20:26) Posted:
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Bought some at 28.5. Hope to rejuggle portfolio to sell some other equities and move funds into this (and GLD). For selfish reason, kind of hope price stays lowish for a while more.
Disclaimer. Vested. My bullish view. Pls DYODD. No guarantee on price gains.
Disclaimer. Vested. My bullish view. Pls DYODD. No guarantee on price gains.
will have to see the movement the next few days/weeks ahead
halleluyah ( Date: 11-May-2016 15:44) Posted:
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M still holding....waiting to add....gd propect...tdy gold rebounded 7.29 n will keep going higher....dyodd
Possible bound range today will be 0.28 - 0.30. It would say it will be a clear and good indication if it closes in green today.
cupdub ( Date: 11-May-2016 13:38) Posted:
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sold down, time to buy.
Yep CNMC reports financials in USD. At today' s USD/SGD FX Cash on hand is S$35.6M.
They are also due to renew their license for exploration area of 62km2 (Current license allows them to mine in 10km2 area). Plenty of space for plantation and new minerals discovery.
SaltyCake ( Date: 11-May-2016 11:55) Posted:
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Furthering their profit into plantation businesses with their vast land, or even further exploration of other mines in Asia. These are all positive outlook for the companies in view of their current excess capital and cash on hand, rising to 26mil now.
Today' s drop could most probably due to XD' s effect, and we will see a better view of the share price in the next few days/weeks ahead. Especially with the fluctuation of the gold price.
luca_brasi ( Date: 11-May-2016 10:58) Posted:
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Gold miner to tap other streams of opportunity
http://www.straitstimes.com/business/companies-markets/gold-miner-to-tap-other-streams-of-opportunity
Nice article about CNMC. With their excess working capital (Current Ratio is now > 8 ), it' s a good time to explore new growth ventures.
Will buy and keep from 0.28-0.34$.
Not vest, yet.