CNMC - Gold Mining Company on SGX

More
13 Jan 2017 21:16 #23494 by Big Fish
... wishes to announce that the Group expects to report a net loss for the three months financial period ended 31 December 2016(“4Q2016”).
This loss in 4Q2016 was mainly due to:
(1) net unrealised foreign exchange losses as a result of depreciation of Malaysian Ringgit against US Dollar; and
(2) a decline in revenue as a result of lower ore grades.
This profit warning is based on a preliminary review of the Group’s unaudited consolidated management accounts for 4Q2016. Despite the 4Q2016 loss, the Group expects to be profitable for the full year ended 31 December 2016 (“FY2016”).

Please Log in or Create an account to join the conversation.

More
16 Jan 2018 19:57 #24221 by Big Fish
1. Will dual listing boost share price?
2. Is 2018 a turnaround year?


KGI says :>

CNMC: The company is planning to seek a dual listing on the main board of the HK exchange, saying that the proposed listing will increase the firm’s market visibility and help it to be more exposed to a wider range of private and institutional clients.

Preparatory works are still ongoing and no application for the listing has been made yet. Its share price rose 11% in yesterday trading after the announcement and currently trades at 2.2 P/B and 10x historical P/E. Net profits fell almost 90% YoY in 9M17 due to lower ore grades but may improve in 2018 due to the start of the group’s third gold-ore processing plant that may optimise overall gold output.

Please Log in or Create an account to join the conversation.

More
18 Apr 2018 21:16 - 18 Apr 2018 21:17 #24340 by yeng
CNMC will give a presentation to Lim & Tan Securities brokers tomorrow. I think the stock is turning a corner.

#1 catalyst: revenue to increase in 2018 as compared to 2017 –
driven by expected increase in gold production at Carbon-In-Leach plant.

#2 catalyst: Potential new source of income from production and sales of silver, lead and zinc once flotation plant at Sokor starts commercial operation.

Ref: infopub.sgx.com/FileOpen/LimTanPresentat...cement&FileID=499736


Share price 28 cents. IMO, can clear 35 cents. dyodd
Last edit: 18 Apr 2018 21:17 by yeng.

Please Log in or Create an account to join the conversation.

More
26 Jun 2019 17:07 - 26 Jun 2019 17:08 #24841 by Garak
tis is a comeback kid:

2018 Net profit (excluding FX Impact and other one-off items, including HK IPO expenses)
was US$5.34 million (2017: US$1.37 million)

(see page 11 of presentation links.sgx.com/FileOpen/CNMC_Presentation...cement&FileID=555153 )

Gold resource now 914,000 oz, compared to 734,000 oz at end 2017.

Can last 29 years at the production rate carried out in 2018.

Gold price now above $1,400 / oz, which offers very fat margin of about US$400 / oz to CNMC.
Last edit: 26 Jun 2019 17:08 by Garak.

Please Log in or Create an account to join the conversation.

More
11 Jul 2019 07:39 #24875 by Garak
GOLD - Gold Higher on Dollar Under Pressure from Dovish Fed

Gold jumped 1.46 percent on Wednesday after the Fed Chair continued to signal an upcoming rate cut. In his prepared remarks and later in the question and answer period Fed Chair Jerome Powell went full dove with his comments. The US-China trade war continues to be a threat for global growth and the US central bank is being forced to slash the benchmark interest rate to keep the economy from regressing.

The metal broke through the $1,400 price level and is trading at $1,419 ahead of another day of Chair Powell being grilled on American monetary policy, this time by the Senate committee.


A soft dollar, trade war and Middle East tensions have put gold higher with the metal retaking the crown as top safe haven.

Please Log in or Create an account to join the conversation.

More
16 Jul 2019 13:34 #24887 by pine
Gold prices are coiling once again in what many expect to be a clear path toward the $1,500 an ounce level. The primary driver for the yellow metal is that the US is about to enter an easing cycle and China is prepared to unleash more stimulus regardless what happens on the trade front.

source: asiaopen.prezly.com/oanda-earnings-seaso...bitcoin-oil-and-gold

Look out for CNMC Goldmine (27 cents) and Anchor Resources (1.5 cents)

Please Log in or Create an account to join the conversation.

Share Prices

Counter NameLastChange
AEM Holdings2.090-0.140
AusGroup0.043-0.005
Avi-Tech Electronics0.415-0.020
Best World Int.1.360-
CEI1.000-0.020
China Sunsine0.445-
CNMC GoldMine0.2550.010
CSE Global0.550-0.015
Eagle HTrust USD0.470-0.050
Food Empire0.760-0.010
Golden Energy0.153-0.002
GSS Energy0.088-0.004
ISDN Holdings0.198-0.001
ISOTeam0.215-
JB Foods0.625-0.030
KSH Holdings0.390-0.010
Miyoshi0.028-0.003
Moya Asia0.074-0.004
Nordic Group0.275-0.020
Oxley Holdings0.335-0.010
Procurri0.315-0.015
REX International0.178-0.015
Riverstone1.040-0.030
Roxy-Pacific0.365-0.010
Sing Holdings0.405-
SingMedical0.320-0.020
Straco Corp.0.560-0.010
Sunningdale Tech1.240-0.020
Sunpower Group0.530-0.015
The Trendlines0.109-0.016
Tiong Seng0.200-
Uni-Asia Group0.685-0.010
Yangzijiang Shipbldg1.000-0.040

NextInsight RSS

rss_2 NextInsight - Latest News

Online Now

We have 679 guests and no members online