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12381-12400 of 12510
Recently very bullish.
Maybe good news coming....
CNMC appears to be harnessing strong retail investment (short and long term) interest. Financials guidance on cash flows, cash position and profits also appears strong (and possibly stronger if gold price goes higher as anticipated). Interesting to observe it's next formal earnings report.
The other company Anchor is more for a punting play.
Remarks : not vested but monitoring. Long and vested in GLD (US$).
The other company Anchor is more for a punting play.
Remarks : not vested but monitoring. Long and vested in GLD (US$).
got some at .26 yesterday, see sgx announcement got preview of its results..seems quite ok results also announce dividend..think i will hold a while more, hope no sell on news today hehe.
Once waken, it is hard to stop the price movement forward for a company with strong profitability.
luca_brasi ( Date: 20-Apr-2016 16:54) Posted:
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hitting high of 1270.90....
Cnmc goldmine already start producing gold.. as compared to others like anchor, etc. Which has not yet produce anything...so if gold prices continue to go up.. this counter is really like a "gold mine"..
Now at 1258.60 (up 1.18%)....near term tp 1310
Likely to hit 30 cts... tdy gold up
Yep broke major resistance at 0.24 on high volume. Let' s see if it holds tomorrow.
Production is set to increase again this year with the refurbished vat leaching facility: http://cnmc.listedcompany.com/newsroom/20160413_181557_5TP_CI4IQV9LWYK9DXZI.1.pdf
Last year they produced 31,200 ounces on a single leaching facility.
Keep in mind they' re already profitable at less than $600/oz...now at $1250/oz highly profitable business and deeply undervalued.
morventay ( Date: 20-Apr-2016 16:09) Posted:
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Big swing!
After March consolidation, Gold currently at $1254/oz in Asia market. Could reach $1300/oz by June. CNMC already turns profit at > $608/oz.
MYR is also appreciating sharply vs USD since beginning of the year. Should give FX gain in bottom line but their Gold All-in Cost may reach $650/oz if it continues to appreciate.
Annual FY2015 report just released: http://cnmc.listedcompany.com/newsroom/20160411_090050_5TP_NLB4B9JKPQKUWXEO.1.pdf
DYDD
CNMC' s Gold Resources Up 22% In 2015 Even As Production Reaches Record High
New findings reveal notable increase in gold, silver, lead and zinc resources Results reaffirm CNMC&rsquo s ability to replenish depleted resources
SINGAPORE, 31 MARCH 2016 &ndash CNMC Goldmine Holdings (&ldquo CNMC&rdquo or the &ldquo Company&rdquo and together with its subsidiaries, the &ldquo Group&rdquo ), which produced a record amount of gold last year, said today its ongoing exploration activities have yet again yielded positive results, reaffirming its ability to replenish depleted resources and paving the way for it to continue increasing output.
In the latest Qualified Persons&rsquo Report for the full year ended 31 December 2015 (&ldquo 2015 QPR&rdquo ) prepared by Australia-based Optiro Pty Ltd (&ldquo Optiro&rdquo ), the Group&rsquo s third party independent resource and reserve estimation consultant, it was noted that the total inferred, indicated and measured gold resources at its Sokor project in Malaysia&rsquo s Kelantan state amounted to 13.83 million tonnes at 1.4 grams per tonne gold grade as at 31 December 2015.
This translates into approximately 618,000 ounces of gold in the ground and marks a 22% increase in resources compared to Optiro&rsquo s previous estimate as at 31 December 2014.
Gold UP 16% in Q1 and MYR UP 10% vs USD.
Should make nice profits this quarter.
CNMC could rally along with Anchor Resources IPO debut tomorrow. Gold also rebounded overnight following FED' s announcement.
Watch this space.
breakout!
GOLD now at usd1270.15....
Gold can fall all the way back to $1,180, possibly even lower. Silver can fall all the way back to the low $14 level, possibly even $13.50.
looks set to have mini breakout again...23-23.5c now
BlackRock Suspends Issuance of New iShares Gold Trust Shares Firm says an administrative oversight left it unable to meet demand for exchange-traded product By Leslie Josephs and Ira Iosebashvili Posted to wsj.com Updated March 4, 2016, 7:47 p.m. ET BlackRock Inc. said it suspended the issuance of new shares in its roughly $7.7 billion gold exchange-traded product due to an administrative oversight, in the latest bruise for the exchange-traded-fund industry and its largest provider. Analysts said the move on Friday threatens to drive business to competitors and intensify scrutiny of the $2 trillion ETF business in the U.S. It also underscores concerns that these products&mdash baskets of assets that trade intraday like stocks&mdash are vulnerable to breakdowns. Friday&rsquo s suspension came after a 20% run-up this year in the price of gold. The rally had spurred increased demand for the iShares Gold Trust, which is traded on the New York Stock Exchange under ticker symbol IAU. Some analysts said the surge in gold-futures prices likely drove up demand for the product for use both in bets that gold would rise and bets that it would fall.
Goldminer indexes in US rallying hard again GDX GDXJ but this counter still stuck in 22c - 23c range.