CNMC - Gold Mining Company on SGX

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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”).

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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.

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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.

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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.

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