CNMC Goldmine    Last:1.12   -

Goldminer

Huge volume   early morning (almost 10M shares vs 960k average daily). Any news ?

 

30c cleared comfortably. Next shall we 35c

think2profit      ( Date: 02-May-2016 21:55) Posted: Yeah, let' s see it  cross 30c tomorrow.. jcbull      ( Date: 02-May-2016 17:35) Posted: Gold just crossed 1300..Now at 1301.5...Will CNMC jumps 10% tmr?

 

Result will be out on 10 May. Likely to be good as gold pice and production level have gone up

whereas " all-in" costs have been coming down. Just sharing.

Vested

 

Yeah, let' s see it  cross 30c tomorrow..

jcbull      ( Date: 02-May-2016 17:35) Posted: Gold just crossed 1300..Now at 1301.5...Will CNMC jumps 10% tmr?

 

Gold just crossed 1300..Now at 1301.5...Will CNMC jumps 10% tmr?

 

correction on my assessment..I misread and thought that 618000 oz is from Rixen only. It is actually from all 4 deposits Rixen, New Discovery, Manson lode and Ketubong  (above a 0.3 g/t gold cut-off grade at Rixen, a 0.4 g/t gold cut-off grade at New Discovery and a 0.5 g/t gold cut-off grade at Manson& rsquo s Lode and Ketubong)..Anyway, the exploration is an on-going development to uncover more gold deposits..618000 is not static figure.

 

From the qualified person report:

CNMC has defined three deposits in the southern part of the project area (Manson&rsquo s Lode, New Discovery and Ketubong) and a fourth deposit (Rixen), approximately 3 km to the north of Ketubong. Additional gold mineralisation has been intersected at New Found, to the south of New Discovery. Base metal and silver mineralisation is also present at Manson&rsquo s Lode and at Sg Among, to the east of Rixen. 

As at 31 December 2015, the total Measured, Indicated and Inferred gold Mineral Resource for the Sokor Project (above a 0.3 g/t gold cut-off grade at Rixen, a 0.4 g/t gold cut-off grade at New Discovery and a 0.5 g/t gold cut-off grade at Manson&rsquo s Lode and Ketubong) is 13,830 kt at 1.4 g/t gold with 618,000 ounces of contained gold.

From NRA report:

Surprise acceleration in resource growth. CNMC Goldmine Holdings Limited (CNMC) recently announced a 22% increase in gold resources from 506,000 ounces (oz) a year ago to 618,000oz as of 31 December 2015. We are surprised by the acceleration in growth, following the 8% increase in 2014 and 20% higher production in 2015. In this update, we revise forecast gold production upwards by 13.8% to 360,100oz over the projected mine life from 2016 to 2025, after accounting for process recovery. 

We are only talking about Rixen deposit. What about the other 3 deposits? All this is pending more exploration and drilling which will take time to carry out..

 

nqing87      ( Date: 30-Apr-2016 11:02) Posted: anyone knows how long their gold mine going to last before getting depleted? was tempted to go in few weeks ago when it was at 22.5 cents as it was in high net cash position and is profitable and gives decent dividends with low p/e ratio.. but dunno how many more years can they continue to mine before the current site gets depleted in gold..

 

Well i think next week this maybe one of the interesting gold counters to watch

 

anyone knows how long their gold mine going to last before getting depleted? was tempted to go in few weeks ago when it was at 22.5 cents as it was in high net cash position and is profitable and gives decent dividends with low p/e ratio.. but dunno how many more years can they continue to mine before the current site gets depleted in gold.. 

 

Seem to recall NRA Capital share price forecast earlier this year is 42.5 cents based on increased gold production volumes and conservative buffer for forex (USD). This estimate has not considered gold spot price riding even much higher than today's. All in, I think this one is solid investment if gold enters the next forecasted uptrend multi-year cycle which is generally expected to be very strong.

Remarks : Vested now. Sharing. All investments have risks so this is not a buy recommendation. Local Analysts and my views may be wrong.

 

Looking at gov printing money all over the place, gold price will continue to trend up. And, CNMC is one of the best miner with focus on productivity to keep reducing operating cost. What do you get? Better and better result, quarter after quarter. 

 

This brings FY2015 total dividends declared to 0.00945c 

At today' s share price, dividend yield is 3.25% . Not bad at all with Precious Metals strong rally again today (Gold currently at $1283/oz).

paul1688      ( Date: 29-Apr-2016 18:52) Posted: NOTICE IS HEREBY GIVEN that the Share Transfer Book and Register of Members of CNMC Goldmine Holdings Limited (the ?Company?) will be closed from 5.00 p.m. on Friday, 13 May 2016 for the purpose of determining the entitlements of the Company?s shareholders to the final one-tier tax exempt dividend of S$0.0018 per share and the special one-tier tax exempt dividend of S$0.00405 per share.

 

NOTICE IS HEREBY GIVEN that the Share Transfer Book and Register of Members of CNMC Goldmine Holdings Limited (the ?Company?) will be closed from 5.00 p.m. on Friday, 13 May 2016 for the purpose of determining the entitlements of the Company?s shareholders to the final one-tier tax exempt dividend of S$0.0018 per share and the special one-tier tax exempt dividend of S$0.00405 per share.

 

The common agreement among Precious Metals market analysts is Gold and Silver are poised to rise robustly. It is a lengthy discussion why so but the projection is complex as the economics on PM pricing is subjected to many macro and micro economic factors. What differs is what the price of gold and silver will be by end 2016, end 2017 .....

Bullish forecast numbers for gold pitch it even higher than $1,300 per Troy oz by year end (seemed optimistic). Nevertheless I believe the uptrend is clear albeit not in straight line up. I am long on gold via ETF and mining stocks in NYSE. CNMC is quite a "new" thing for me to consider but the reported company numbers do make it look very interesting for long position. Started small foray into this at 26.5 cents. Will monitor and accumulate more if the vibes are strong or there are unjustified pull back in price. Wish all holders good investment ahead!

Remarks. Sharing. Not enticement for anyone to buy without DYODD.

 

Nice Gold rally today thanks to Japan BoJ and US weaker GDP data than expected .

With these lousy central bankers, we may see Gold at $1300 by June. All Good for CNMC!

 

 

This is such a common SGX behaviour. If one is a punter, then anything goes as long as one makes money. If one is investing, then fundamentals should rule (not always apparent).

I am monitoring this one for a couple of weeks now initially out of pure curiosity. For self vested reason, I am kind of hoping market forces in the immediate term can move price down a bit more for my initial foray as CNMC does look like it has some strong fundamentals in it. Regardless how good, stock price cannot move only in a straight line up (otherwise I would be worried to buy). Short term price pull backs can be owing to so many reasons (vested interest parties playing the market psychology, weak contra holders, risk averse profit taking from holders at earlier low prices, etc). I would still rely on one's own research and reasons for buying in first place. If one is trading then probably trying to catch the momentum (calculated gambling) will be the basis - of course have to get it right or one can easily lose money.

Good luck to all be it investor for the next gem or pure trader punter.

 

Noticed couple of counters selling off during last minutes today (CNMC, Innovalues,...).

 

  $ CNMC Goldmine (5TP)   Bullish technical indications: MACD goes green, %K line is on top of %D   line and RSI is in bull territory, which stands at 47.45, according to s g x . s t o x l i n e.

 

vested for long term here since it is a ' goldmine' :)

 

Look like forming a base at 28.5c. Will it be chased up above 30c soon?

paul1688      ( Date: 26-Apr-2016 19:43) Posted: This is from a forumer "Yeng" from another site Free Cashflow: 22m SGD Market cap: 110 m SGD Cash: 30m SGD Frankly I have not checked nor validated this but am waiting for the Company's next report. Remarks : Sharing. Not enticement to buy. Not vested as at today (may do so on pullback, despite my initial reservations of a Malaysian mining company).