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12421-12440 of 12510
Q4 All-in-cost : 564
Current Gold Price : 1210
Profit Margin = 1210 - 564 = 646
Assuming 2016 Production to be 10% higher than 31,205 oz (2015 production capacity) = 34325oz
Potential 2016 profit : 34325 x 646 = 22.174M USD or 5.5 US Cents or 7.7 Sing Cents
If 2016 PE ratio
- remains at 5, Share price will be 38.5 cents
- at 6, share price will be 45 cents
- at 7share price will be 53.9 cents
- at 10 share price will be 77 cents.
At today' s price of 21.5, 2016 PE ratio will be 21.5/7.7 = only 2.8 !!!!
Tell me whether this is a cheap buy or not. DYODD.
Not only that, CNMC has reserved $50M MYR to buy a mine in Malaysia..They must have a target in mine..This will be a potential catalyst to shoot the price to the roof top.
Cmnc high profit margin and deeply under value....one of the top few gold mining company in the world with this kind of good profit margin......
Not sure about Liongold.....whole company could go down. Lots of debt and uncertainty.
Buy Cnmc and liongold..
Gold bugs predict $US2,000-plus prices
Updated about 3 hours agoTue 16 Feb 2016, 2:40pm
Gold prices have dipped today as markets rebound, but this year the precious metal has seen a meteoric rise.
" In US dollar terms the gold price is up around 15 per cent, currently trading around [the] $US1,250 an ounce mark," said Jordan Eliseo, the chief economist at ABC Bullion.
" In Australian dollars the performance is even better. We' re now back above $1,700 an ounce, up the better part of 20 per cent for the year in just six weeks."
Gold enjoyed the biggest rally in more than seven years last week, rising 5.5 per cent on Thursday alone.
After peaking at almost $US1,900 in 2011 the gold price has been on the slide until this year.
" Certainly from a macro perspective, gold is the go-to at this point in time," said Taylor Collison resources analyst Ryan Armstrong.
" The market has seen a real deterioration in recent weeks."
Central banks are driving a lot of the demand for gold as they diversify away from the US dollar.
According to the World Gold Council, banks have bought over 336 tonnes in the second half of last year, an increase of 25 per cent.
The US has the biggest reserves at over 8,000 tonnes.
However, it is not just central banks buying up gold.
China is the largest market for bullion and coins in the world as consumers look for a safe haven due to the weakening yuan.
" We' re also seeing institutions and the like starting to adopt gold into their portfolios and in Australia the biggest increase in demand is coming from self-managed super funds," said Mr Eliseo.
" Where if I look at our business as an example, demand is running at six times pre-GFC levels."
Australian mines produce around $15 billion worth of gold each year and it is all refined at the Perth Mint.
" Sales are up four times compared to the week before. A client came in first thing Friday morning and bought a million dollars worth of gold," said The Perth Mint' s Bron Suchecki.
While some investors are buying up big, around 90 per cent of the gold is exported.
" We store around $3 billion worth, and only about 25 per cent is for Australia - 50 per cent of those clients are American, the rest spread around the world," said Mr Suchecki.
Break through $US2,000 an ounce possible: economist
Gold companies are enjoying a bull run on local markets, with $3 billion in market value added to the sector last week alone, according to Paterson Securities.
" In terms of multiples ... we' re still seeing gold as good value within the ASX," said Ryan Armstrong.
The collective market capitalisation has increased by $8 billion to $26.6 billion in the past three months.
Despite gold prices and miners having rallied so much over the past year, gold bugs are making even more bullish predictions for the precious metal.
" Gold could not only reclaim $US1,800 to $US2,000 an ounce but actually move substantially higher," said Jordan Eliseo.
" I think we' re going to see a repeat of the 1970s, which would see gold prices move in today' s terms to at least $US3,000 an ounce and with downward pressure on the Australian dollar the Australian dollar gold price could go substantially higher."
http://www.nracapital.com/research/rpt1601860172/cnmc-goldmine-holdings-limited-company-update
luckyfa ( Date: 16-Feb-2016 11:04) Posted:
Written by: jinshu
Tuesday 12 Jan 2016
CNMC Goldmine Holdings Limited - Company update
Gold production rose 20% in 2015. Full year gold data suggests positive 4Q results
CNMC Goldmine Holdings Limited (CNMC) announced on 7 January 2016 that it has produced a total of 31,205.85 ounces of fine gold for the financial year ended 31 December 2015. According to the company&rsquo s press release, the production output for 2015 was the highest on record for a financial year since the start of gold production in July 2010. As compared to the previous record set in 2014 of 26,122.08 ounces, production in 2015 rose 19.46%.
Higher gold output more than offsets lower gold price. Average daily gold price fell by 8.3% from US$1,266.2/oz in 2014 to US$1,160.6/oz in 2015. Nonetheless, CNMC is still likely to report higher revenue in 2015 in spite of lower selling prices. Based on the average daily gold price of US$1,105.2/oz during 4Q15, we estimate that full year revenue may come in at around US$36m to US$37m, implying 4Q15 revenue of US$8.8m to US$9.8m.
4Q profitability likely higher on some foreign exchange gain. CNMC&rsquo s net profit attributable to shareholders for 3Q15 fell by 45.8% year-on-year due to foreign exchange loss of US$2.8m. Excluding this foreign exchange loss, 3Q15 profit before tax would have risen by 14.0% year-on-year. The foreign exchange loss came about due to CNMC&rsquo s cash balance being held in Malaysian Ringgit and the Ringgit had depreciated by about 20.7% against the US Dollar during 3Q15. Such an arrangement is a natural hedge as its operating costs are mainly incurred in Ringgit. Nonetheless, the company has since started exchanging excess cash into Singapore and US Dollars to minimize foreign exchange exposure. The Ringgit has since appreciated by about 2.6% by the end of 2015. Hence, we may see some foreign exchange gains and improved profitability in 4Q15. That said, the Ringgit has fallen by 2.2% to 4.401/US Dollar as of 12 January 2016 versus 4.3043/US Dollar as of 31 December 2015. Hence, some of these gains in 4Q may be reversed in 1Q.
Gold prices have since stabilized. Our observation is that gold prices have stabilized since the 14 December 2015 Fed rate hike decision. Gold hit a low of US$1,054.5/oz on 3 December 2015, ended the year at US$1,061.7/oz, and spike up to US$1,102.5/oz as of 8 January 2016. Indeed, the recent turmoil in the financial markets has helped to support gold prices. However, we also highlight that gold price did not fall much immediately after the rate hike decision. In fact, gold prices have remained above US$1,050/oz even though Fed officials signaled the potential of further rate hikes in 2016. In the December 2015 projections by Fed officials, the median Fed funds rate for 2016 was 1.4% and 2.4% in 2017.
Key Takeaways. We reckon that CNMC will likely report higher net profit for 4Q15 compared to 3Q15. On a full year basis, revenue will likely grow due to higher production, but net profit may stay flat or come off slightly in the absence of one-off tax credit recorded in 2014. CNMC has previously remarked that it adding capacity by applying to restart its vat leaching operations, which may provide additional output upside in 2016. Gold prices staying above US$1,050 is a positive. The recent turmoil in the financial markets may bode well for CNMC which will benefit from higher selling prices.
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Written by: jinshu
Tuesday 12 Jan 2016
CNMC Goldmine Holdings Limited - Company update
Gold production rose 20% in 2015. Full year gold data suggests positive 4Q results
CNMC Goldmine Holdings Limited (CNMC) announced on 7 January 2016 that it has produced a total of 31,205.85 ounces of fine gold for the financial year ended 31 December 2015. According to the company&rsquo s press release, the production output for 2015 was the highest on record for a financial year since the start of gold production in July 2010. As compared to the previous record set in 2014 of 26,122.08 ounces, production in 2015 rose 19.46%.
Higher gold output more than offsets lower gold price. Average daily gold price fell by 8.3% from US$1,266.2/oz in 2014 to US$1,160.6/oz in 2015. Nonetheless, CNMC is still likely to report higher revenue in 2015 in spite of lower selling prices. Based on the average daily gold price of US$1,105.2/oz during 4Q15, we estimate that full year revenue may come in at around US$36m to US$37m, implying 4Q15 revenue of US$8.8m to US$9.8m.
4Q profitability likely higher on some foreign exchange gain. CNMC&rsquo s net profit attributable to shareholders for 3Q15 fell by 45.8% year-on-year due to foreign exchange loss of US$2.8m. Excluding this foreign exchange loss, 3Q15 profit before tax would have risen by 14.0% year-on-year. The foreign exchange loss came about due to CNMC&rsquo s cash balance being held in Malaysian Ringgit and the Ringgit had depreciated by about 20.7% against the US Dollar during 3Q15. Such an arrangement is a natural hedge as its operating costs are mainly incurred in Ringgit. Nonetheless, the company has since started exchanging excess cash into Singapore and US Dollars to minimize foreign exchange exposure. The Ringgit has since appreciated by about 2.6% by the end of 2015. Hence, we may see some foreign exchange gains and improved profitability in 4Q15. That said, the Ringgit has fallen by 2.2% to 4.401/US Dollar as of 12 January 2016 versus 4.3043/US Dollar as of 31 December 2015. Hence, some of these gains in 4Q may be reversed in 1Q.
Gold prices have since stabilized. Our observation is that gold prices have stabilized since the 14 December 2015 Fed rate hike decision. Gold hit a low of US$1,054.5/oz on 3 December 2015, ended the year at US$1,061.7/oz, and spike up to US$1,102.5/oz as of 8 January 2016. Indeed, the recent turmoil in the financial markets has helped to support gold prices. However, we also highlight that gold price did not fall much immediately after the rate hike decision. In fact, gold prices have remained above US$1,050/oz even though Fed officials signaled the potential of further rate hikes in 2016. In the December 2015 projections by Fed officials, the median Fed funds rate for 2016 was 1.4% and 2.4% in 2017.
Key Takeaways. We reckon that CNMC will likely report higher net profit for 4Q15 compared to 3Q15. On a full year basis, revenue will likely grow due to higher production, but net profit may stay flat or come off slightly in the absence of one-off tax credit recorded in 2014. CNMC has previously remarked that it adding capacity by applying to restart its vat leaching operations, which may provide additional output upside in 2016. Gold prices staying above US$1,050 is a positive. The recent turmoil in the financial markets may bode well for CNMC which will benefit from higher selling prices.
last year, final dividend was 0.0015 cents and special dividend 0.00225 cents, whole year dividend total 0.00675 cents.
this year, likely will be 20% more since recent dividend payout has increased 20% from 0.0015 to 0.0018, so, this whole year, I' m looking at 0.0081 cents.
Hope to see Big divident this upcoming reporting.....and the spark to the low stock price
Market is in uncertain mode and gold price likely to stay above 1200 and much higher....cnmc profit margin is very high and likely ro report hefty profit in the upcoming financial. ...could this be a $1 stocks?...let see how the bbs would want to bring it to.....low liquidity high profit earning company. ..Good in my view....
halleluyah ( Date: 12-Feb-2016 23:28) Posted:
Gold fall 8.70 now
jcbull ( Date: 12-Feb-2016 18:50) Posted:
volume is building up each day..23 Feb will announce the financial report and final plus special dividends will be declared. Lets see the all-in-cost for Q4. As per Q3, the all in cost is 564. At 1240, profit margin is already about 680 per oz. Next week should clear 25, then 27 and 30 if gold continues to climb. now, the media starts to talk about buying gold...the gold interests is here.
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Gold fall 8.70 now
jcbull ( Date: 12-Feb-2016 18:50) Posted:
volume is building up each day..23 Feb will announce the financial report and final plus special dividends will be declared. Lets see the all-in-cost for Q4. As per Q3, the all in cost is 564. At 1240, profit margin is already about 680 per oz. Next week should clear 25, then 27 and 30 if gold continues to climb. now, the media starts to talk about buying gold...the gold interests is here.
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volume is building up each day..23 Feb will announce the financial report and final plus special dividends will be declared. Lets see the all-in-cost for Q4. As per Q3, the all in cost is 564. At 1240, profit margin is already about 680 per oz. Next week should clear 25, then 27 and 30 if gold continues to climb. now, the media starts to talk about buying gold...the gold interests is here.
Seems like in accumulation and ready to move up....Gold Gold Gold......
Undervalue stock
Gold News
Gold Price Jumps 4%, ' Targets $1420' as Euro Banking Crash Sends US Bonds Back to Mid-2012
Thursday, 2/11/2016 16:36
GOLD PRICES shot higher yet again Thursday, surging 4.1% to hit 12-month highs near $1250 per ounce as world stock markets fell hard yet again, and the US Dollar hit fresh multi-month lows on the FX market following Fed chair Yellen' s comments on delaying further interest-rate hikes.
Hong Kong' s first trading day of the new Year of the Monkey earlier saw the Hang Seng index drop over 3.8%.
Shanghai' s markets re-open Monday.
Crude oil meantime sank 3.5% towards new 14-year lows at $26 per barrel. Major government debt prices jumped as the cost of insuring European banks' bonds leapt, driving 10-year US Treasury yields down to their lowest since August 2012 at 1.57%.
" We continue to view the [gold] market as a base from a longer term perspective," says weekly technical analysis from German bank Commerzbank, pointing to " a large falling wedge pattern which offers an upside measured target to $1450 longer term."
Short term, " One shouldn' t rule out a $100 move either way," said a bullion-bank' s trading note Thursday morning.
" If so, the gold selling from miners might recede &ndash although we still see some chunky volumes trading at the [London benchmark] gold auction."
Thursday morning' s
LBMA Gold Price auction opened with the largest volume of sell orders in more than a week, some 70% above the daily average of Q4 2015, when gold prices stood 10% below today' s level.
The size of those offers then fell &ndash and demand rose to meet them &ndash as the suggested price was lowered to find a balance at $1223.25 per ounce, the highest morning ' fix' since mid-May 2015.
The afternoon auction &ndash held at 3pm London time &ndash then drew the heaviest bid volume to buy gold for at least 3 months, totalling 2.6 times the
Q4 2015 average at a price of $1241, a new 12-month high.
Gold priced in Euros meantime hit its highest level since May 2015, jumping 4.1% from last week' s finish to hit &euro 1095 per ounce &ndash a price first seen in June 2011 amid the worsening
Greek, Portugal and Ireland debt crisis.
" I believe that in the Eurozone, structurally, we are in
a much better place than we were a few years ago," said Eurogroup chief Jeroen Dijsselbloem before a meeting of finance ministers from the 19-nation currency union on Thursday.
" That also goes for our banks."
Italy' s prime minister and finance chief were set to
complain about the new 2016 regime for so-called banking " bail ins" , the
Financial Times reports, describing the rules &ndash requiring a minimum 8% write-off of a bank' s unsecured creditors and larger depositors before any state aid can be given &ndash as " an increase in instability, rather than stability."
Chinese banks may suffer
losses 4 times the size of US banks' during the 2006-2011 crisis, reckons hedge-fund manager Kyle Bass, with non-performing loans threatening $3.5 trillion of equity.
London-based trust fund provider ETF Securities said Wednesday it has seen " a surge in demand" for exchange-traded products backed by gold, with inflows totalling $720 million so far in 2016.
CNMC Goldmine Holdings Limited (the " Company" ) is the first gold mining company listed on the Singapore Exchange Securities Trading Limited (the " SGX-ST" ). The Company and its subsidiaries (the " Group" ), with its headquarters in Singapore, started its operations in 2006 and is principally engaged in the business of exploration and mining of gold and the processing of mined ore into gold dores. Currently, the Group is focusing on the development of the Sokor Gold Field Project which is located in the State of Kelantan, Malaysia.
245-25 Liao , any other gold mine to buy?
Gold up $55 now!!! Shooting through the roof. What will happen to CNMC tmr? This is a low liquidity stock...with volume buildiing up, the squeeze will move this one up rapidly.
Any gold product is good now..
CNMC playing catch up..up 3 cents leow..looking forwards for more surge with gold continues to trend up..now 1224. tmr hopefully can see 25.
Buy gold ETF like GDX, GDXJ
