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Barrick Gold has gone up from 7 plus to 11.almost 50%. Gold has gone up from 1050 to 1150,or about 9%.CNMC..from 17+ to 19.2 or over 10% only..potential is there.
来 了 。 。 。 Gold price now is 1152...CNMC no more below 19..more volumn today.
Gold price is on uptrend while most stocks are spiraling down..now at 1132. there have been buying interests in CNMC for the past 2 weeks. Very soon, there will be no more sellers at below 20 cents. Result announcement is on 23 Feb. Mark your calender as that will be the date that the final and special dividend be announced..In addition, with sustained low all-in-cost and higher gold price, the profit going forwards will be better than Q4 result. Besides better profit margin, the production is expected to increase with the upgraded leap pad.
" For FY2015, CNMC paid two interim tax-exempt dividend of total 0.36 Singapore cent per share. Barring unforeseen circumstances, CNMC intends to seek shareholders&rsquo approval for a final and special dividend for FY2015 at the next AGM."
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 the each dividend payout has increased 20% from 0.0015 to 0.0018, so, this whole year, I' m looking at 0.0081 cents. At 18.3 cents, the 2015 dividends payout will be 4.4%..This company is money making and profitable one with profit margin of over US$500 per gold oz produced..
this is a profit making company with profit margin of USD543 profit (1065 - 517 = 543) per oz or ....51.5% with respect to current gold price...every year, the profit after tax is about S$0.04..now holding US$18M cash..or about 4UScents or 5.6 S$ cents.In 4 years, their cash holding will be 21.6 cents...will this counter remains at 19.3 cents? I have vested interests in CNMC...Gold price unlikely to go below USD1000. Even if it does, the profit margin is a enough to buffer further losses...
Gold tumbles to six-year low
Janet Yellen isn' t doing gold bugs any favors.
Gold prices tumbled 2.5% on Thursday to $1,049.60 an ounce -- the lowest level since October 2009. It was gold' s worst day in nearly two months. The precious metal is down 11% so far this year.
The latest blow to gold was sparked by the Federal Reserve' s decision to
raise interest rates for the first time in nearly a decade.
The historic move, led by Fed chief Yellen, is a big negative for gold because it lowers the chances that near-zero rates cause a bout of severe inflation. The rate hike also sent the U.S. dollar sharply higher on Thursday as it signals Fed
confidence in the health of the American economy.
None of that is good for gold, which tends to rise when people are worried about inflation or the stability of the economy.
" Gold is a very effective hedge against inflation but the global landscape is dearth of inflation," said Peter Kenny, an independent market strategist and founder of Kenny' s Commentary.
In fact, many economies, especially Europe and China, are dealing with the bigger risk of deflation right now.
" Gold will continue to weaken. Today' s lows are probably not the lows we' re going to see next year," said Kenny.
Related: Copper, aluminum and steel collapse to crisis levels
Gold' s heyday was during the 2008 crisis when people flocked to the metal as people feared a collapse of the global financial system and stocks crashed. Before its recent decline, gold continued rising to nearly $2,000 an ounce in 2011 as the Fed pumped money into the economy at an unprecedented pace, setting off concerns of inflation.
Some believe gold is poised to rebound from a difficult 2015 as investors rethink the likelihood of future rate hikes from the Fed.
" When the dust settles, gold will do just fine," said Axel Merk, founder of Merk Investments, which specializes in currencies and gold.
Merk doesn' t buy talk that the U.S. dollar is " going through the roof," arguing it will stop rallying as people realize the Fed is unlikely to aggressively raise rates. He also suggested that future Fed action might " create more havoc" in the stock market, which can drive gold prices higher.
In any case, the latest selling in gold drove down shares of metals and mining stocks on Thursday.FreeportMcMoRan (
FCX) plunged nearly 9%, making it the worst S& P 500 stock and leaving its shares down by 74% so far this year.
Based on 0.193 price, the dividends may hit 4% this year..According to the Edge, the company has reserved MYR$50M for develope a new mine to production status..Hopefully, they manage to acquire a gold mining license in Malaysia soon..this will be the catalyst for the price to move... This is a low liquidity stock and there is no interests in such counter at the moment.
All gold mines around the world had rallied and is still going up..but Singapore gold mines counters didn' t move!Wiat for gold to go beyond US$1200/oz and higher.... PE ratio is slightly over 5. Current cash or cash equivalent is USD16.2M which is about 4 UScents already. Dividend is about 2-3% much more than other gold mines.
All in sustaining cost is only US$517. This is the lowest among all other gold mines. Furthermore, ringgit and sing dollars have been going down with respect to US$, the cost and profit translats back are favourable..I don' t believe this counter will stay low at this price.
This one seems buying up slowly.....gold price up this few days
wow strong
http://cnmc.listedcompany.com/newsroom/20150216_171211_5TP_0TNCP9ZE5CMQLWWD.1.pdf
CNMC' s FY2014 Net Profit More Than Quadrupled To Record US$15.32 Million On Back Of Strong Gold Production
CNMC Goldmine ($0.265, up 0.5 cents) announced that
its Sokor Gold Project had produced a total of 4,681.15
ounces of gold dore bars in Dec-14, despite the continuous
heavy rainfall experienced during the seasonal North-East
monsoon period. Also, the company updated that its mining
site and facilities have not been severely affected by the
recent unfortunate fl ood events in Kelantan.
mar de wang ba dan, 275 fang yi li....
SOON will be getting total $35 for 2014.. hehe not bad.....
Quite disappointed with the 0.5% dividend. Hope the special dividend dont disappoint.
jcbull ( Date: 18-Dec-2014 20:47) Posted:
Good news. Interim Dividend of 0.15 cents pay out on 20 Jan 2015. On the card also have final and special dividend which needs to be approved in next AGM.
The board of directors of CNMC Goldmine Holdings Limited (the &ldquo Company&rdquo ) is pleased to
announce that it has declared an interim one-tier tax exempt dividend of S$0.0015 per ordinary
share in respect of the financial year ending 31 December 2014.
Please refer to the Company&rsquo s announcement of even date for the date on which the Share
Transfer Book and Register of Members of the Company will be closed for the purpose of
determining the entitlements of the Company&rsquo s shareholders for the dividend payment.
Barring unforeseen circumstances, the Company intends to seek shareholders&rsquo approval for a
final and special dividend for FY2014 at the next AGM.
http://cnmc.listedcompany.com/newsroom/20141218_170609_5TP_U32KDIVY19T8I32N.1.pdf
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Good news. Interim Dividend of 0.15 cents pay out on 20 Jan 2015. On the card also have final and special dividend which needs to be approved in next AGM.
The board of directors of CNMC Goldmine Holdings Limited (the &ldquo Company&rdquo ) is pleased to
announce that it has declared an interim one-tier tax exempt dividend of S$0.0015 per ordinary
share in respect of the financial year ending 31 December 2014.
Please refer to the Company&rsquo s announcement of even date for the date on which the Share
Transfer Book and Register of Members of the Company will be closed for the purpose of
determining the entitlements of the Company&rsquo s shareholders for the dividend payment.
Barring unforeseen circumstances, the Company intends to seek shareholders&rsquo approval for a
final and special dividend for FY2014 at the next AGM.
http://cnmc.listedcompany.com/newsroom/20141218_170609_5TP_U32KDIVY19T8I32N.1.pdf
CNMC' s management is fantastic. I received a reply from CNMC' s investor relations, not just a few sentences, but a couple of paragraphs. Does this sound like good management or what? Below is their reply:
Dear Mr Soo,
Thank you for your query and your support of CNMC.
Aside from the hardware involved in the mining of gold, many other factors beyond our control impacts upon the production volume key of which are ore quality & soil composition of the vein currently mined and prevailing weather conditions during the leaching processing.
With regard to weather conditions, heat & humidity affects greatly on the leaching processing. For example, if the weather is hot and dry, more water is needed to maintain the required alkaline level and the leaching process will be lengthened. The soil composition will also greatly affect the alkalinity of the water in the leaching process thereby affect leaching time. In effect, each gold pour is distinctly different from the one before and the one after.
The installation of new equipment in our mining operation and refining plant will increase the amount of ore processed. The quantity of the output i.e. how many ounces of gold produced per pour, is primarily determined by the quality of the ore. The time it takes to extract maximum amount of gold from the ore in each leaching process is determined by prevailing weather conditions -- for example, it may take 20 days to leach one batch of ore, it may take 25-30 days to leach another. As such, it is almost impossible to " smooth out the lumpiness of the production level" as you mentioned.
The fact that production peaked at the final months of Q2 & Q3 is happenstance, essentially dictated by mother nature.
I hope this answers your questions. Please do not hesitate to contact us again should you have more queries about CNMC.
domanic ( Date: 13-Nov-2014 08:49) Posted:
Does this sound like good management or what?
soojinhou ( Date: 13-Nov-2014 08:47) Posted:
CNMC' s production volume is quite lumpy. CNMC produced 4356 oz in June, but Q2 number came in at only 6470 oz. It produced 5201 oz in September, but Q3 number came in at only 7667 oz.
A possible explanation for the huge discrepancy between the first 2 months vis-à -vis the last month may be caused by balancing low quality ore with high quality ones. Instead of depleting high quality ore quickly, perhaps CNMC tries to achieve a consistent quarterly output by using low quality ones in the first 2 months and then high quality one in the last month. To support the hypothesis, I computed the theoretical average production volume for comparison.
Based on numbers obtained from announcements, the average gold production per quarter is around 12,861 oz / quarter. Calculation is as follows:
Reserves=9.14 m tons
Average grade=1.6 g/t
Maximum leaching capacity=1m ton per year of ore
Max production per year=51k oz per year or
Max production per quarter=12,861 oz per quarter
So, based on calculation, Q3 production at 7667 oz does not seem to be manipulative, i.e, the company attempting to boost production but using up good reserves first. Too be I was not present at the investor dialogue to confirm my hypothesis, oh well...
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Does this sound like good management or what?
soojinhou ( Date: 13-Nov-2014 08:47) Posted:
CNMC' s production volume is quite lumpy. CNMC produced 4356 oz in June, but Q2 number came in at only 6470 oz. It produced 5201 oz in September, but Q3 number came in at only 7667 oz.
A possible explanation for the huge discrepancy between the first 2 months vis-à -vis the last month may be caused by balancing low quality ore with high quality ones. Instead of depleting high quality ore quickly, perhaps CNMC tries to achieve a consistent quarterly output by using low quality ones in the first 2 months and then high quality one in the last month. To support the hypothesis, I computed the theoretical average production volume for comparison.
Based on numbers obtained from announcements, the average gold production per quarter is around 12,861 oz / quarter. Calculation is as follows:
Reserves=9.14 m tons
Average grade=1.6 g/t
Maximum leaching capacity=1m ton per year of ore
Max production per year=51k oz per year or
Max production per quarter=12,861 oz per quarter
So, based on calculation, Q3 production at 7667 oz does not seem to be manipulative, i.e, the company attempting to boost production but using up good reserves first. Too be I was not present at the investor dialogue to confirm my hypothesis, oh well...
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