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If XD cause an immediate price down to 28 or 28.5 cents I will just pick up. If Buy is strong I will buy up from 29 if need to. If amazingly price untypically goes up on XD day from first minute of trading (don't rem many such cases) then I need to assess the Buy / Sell movements as I already owned some (sadly not enough) before deciding if I buy up or not. Anyway good luck to everybody.
jcbull ( Date: 10-May-2016 21:07) Posted:
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my take is that it will be a free 0.585 cent dividend. CNMC price should gap up tmr...Added some more today at 29 cents.
SaltyCake ( Date: 10-May-2016 20:45) Posted:
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Wonder how tomorrow it will react given the positive result but yet it is XD day
Wind22i ( Date: 10-May-2016 19:56) Posted:
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Base on eps of 7 sen...and production cycle of 10 years. If we assumed PE ratio of 10x earnings..
the share is theoritically worth 70 sen..
So now at 29 sen it still looks cheap..
It shld be good to hold for a while as the peak production has not come yet..
There could be surprises to the better in the near future assuming gold price continue its climb upwards...
the share is theoritically worth 70 sen..
So now at 29 sen it still looks cheap..
It shld be good to hold for a while as the peak production has not come yet..
There could be surprises to the better in the near future assuming gold price continue its climb upwards...
My humble view - keep is a certainty. The key question though is keep for how long. Mining companies like commodity companies are subjected to the cycles of the spot prices of the metals they mine besides competitive production efficiencies and costs. I think CNMC is far sighted to focus on production cost at this stage of their company evolution. In its case being small compared to global big boys, one can argue growth should be sustainable if price of gold trends up in mini cycles. We all know general Precious Metals Analysts views on gold price forecast. If CNMC can focus on production reserves (proven new deposits), increased production volumes, continued cost management and secure distribution channel(s), my expectation is a 2 year horizon (being conservative as tied to gold price trend) for this one to be a 2 or 3 times bagger should not be a wishful dream. Of course I can be wrong so pls DYODD. Good luck to holders. Wish I went ahead to accumulate at 29 cents. Like all stocks, we should assume it is subjected to BB manipulation but fundamentals should rule.
cupdub ( Date: 10-May-2016 19:26) Posted:
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Its a gold mine.. revenue and profit looks good
Just some quick calculation....
if this continues... and if gold price increases throughout the year, even minimally because they were abl to achieve this profit even when the average price is less than 1200.... we can expect a 6-7cents eps at least?
makes the current price very attractive to keep?
views?
CNMC?s 1Q2016 Net Profit More Than Doubled To US$5.61M
On Higher Revenue, Lower Production Cost, Foreign
Exchange Gains
All-in cost of production at record low of US$487 per ounce of fine gold
Net profit up 121.0% to US$5.61 million
Excluding foreign exchange gains, net profit up 13.7% to US$3.65 million
Strong balance sheet with net cash of US$26.2 million as at 31 March
2016
Profit up 121%!! Compared to previous year 1st qtr
In today' s news.. Cnmc chairman spoke about the possible further exploration of other gold mines in Asia and additionally they plan to diversify their earnings to planting palm ojl/ other commodities too.
paul1688 ( Date: 09-May-2016 15:23) Posted:
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Dividend is 0.59 cent so the theoretical knee jerk adjustment on Ex-Div day should be 1/2 to 1 cent down from previous close. But my expectation is the 1Q2016 earnings report will have a larger influence on the on-going price after reaction from Ex-Div settles down. Interesting their earnings report is one day (after market close) ahead of Ex-Div date - so on 11 May, price of CNMC will be interesting to watch when market reacts to company first quarter report card and ex-div. Those with postive feeling on CNMC probably should accumulate by 10 May and those who are wary or conservative should wait till 11 May to determine action. Just sharing.
SaltyCake ( Date: 09-May-2016 10:56) Posted:
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Strong accumulation still observed at 0.305, possible setback in the few days ahead esp on XD day, esp since we are in the over-bought zone
I think that' s largely dependable on How' s the result that will be out tmr after market closed.
morventay ( Date: 09-May-2016 10:36) Posted:
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how will the ex-div affect the pricing?
awaiting for more movement ! tomorrow will be the day for report, and wed the surge !
halleluyah ( Date: 09-May-2016 09:04) Posted:
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Going to run higher up....cheers!!!
There are 3 catalysts :
1. Increase in Gold Price ( Q1 result should show an increase in revenue and profit)
2. Increase in Production (2nd production commission in early Apr, Q2 result will show an increase in production)
3. Purchase of new mine (CNMC has set aside $50M MYR for the development of new mine)
Past few days, there had been nett buy. Look like many have loaded and waiting for the push.
We will watch and see the becoming of it next week
Wind22i ( Date: 07-May-2016 13:14) Posted:
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Cnmc is a gold mine..when gold up it will up..
Gold almost hitting 1300s at the near high ytd, could see more upside if market deteoriates