CNMC - Gold Mining Company on SGX

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.


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 )

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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