Latest Forum Topics /
CNMC Goldmine
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Goldminer
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dragonboy76
Master |
21-Jul-2016 21:24
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short term stop work is for log term big profit. Dunno why the atmosphere here is so pessimistic. I dun think I talking nonsense here | ||||
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FreedomAngelz
Veteran |
21-Jul-2016 21:22
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Shortist have to becareful as well coz those who miss out buying CNMC at the low will now have the chance to buy....this stock is closely watch in Singapore, Malaysia, Hong Kong and China.
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dragonboy76
Master |
21-Jul-2016 21:16
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I will buy on dip tmrw. Buy when ppl unnecessary fear. U guys r too pessimistic, all along Cnmc don' t have bad news and stop work is just part of regulatory requirement.  |
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NoMoney
Master |
21-Jul-2016 21:14
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Shortise will sure take advantage of fri and "stop work" to push down and cause panic sell
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dragonboy76
Master |
21-Jul-2016 21:11
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T.he requirement to stop mining when they are reviewing their application to Large Scale Operation status is according to PTG guidelines. Taken from Edge report: CNMC says the order was issued by Kelantan State Lands and Mines Office of Malaysia (PTG). This follows CNMC&rsquo s request to the state government to review the company&rsquo s application for Large Scale Operation status. If the application is successful, CNMC will be allowed to mine unlimited amounts of ore from Sokor. I still don' t interpret as bad news. I think u guys overreact bcos u dun really understand it is good or bad. See the message: if approved they can mine unlimited amount of ore from sokor. This is good bcos they need to move on to the next bigger mine which is 4x bigger and nearby sokor.
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pokka88
Member |
21-Jul-2016 21:03
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Quoting from their website,"Before the gold can be mined, supportive infrastructure must be created. Since mines are often in remote locations, an entire infrastructure ? roads, administrative offices, equipment storage areas ? must be built. The plans for each mine require the green light by a number of authorities at each relevant level of the government.
"
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NoMoney
Master |
21-Jul-2016 20:59
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sad for this counter. Friday somemore. No matter how gold choing might not help for the time being. Just pray this is not the 2nd lion gold | ||||
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Wind22i
Supreme |
21-Jul-2016 20:59
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Well while we hope for the best..
But usually the market will react in a very mad way on such news.. |
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spore1
Supreme |
21-Jul-2016 20:53
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I think may b super volatile Tmr.be careful | ||||
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destinykraze
Elite |
21-Jul-2016 20:49
Yells: "Reality is only a matter of perception" |
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Too many unknown variables. BBs are going to sell off. that is for sure.  |
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Just4win
Supreme |
21-Jul-2016 20:44
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I do not understand why the company has to stop work, just to have their application review for larger scale operation. It does not make sense to me. Can someone please help to enlighten ? |
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Bigmama
Elite |
21-Jul-2016 20:43
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40?
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Wind22i
Supreme |
21-Jul-2016 20:35
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Any guess what the opening price tomorow will be?
I start first 30 cents.. |
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FreedomAngelz
Veteran |
21-Jul-2016 20:31
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I`m waiting for you all to sell so that I can buy cheap 
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Wind22i
Supreme |
21-Jul-2016 20:30
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Anyway this is something unusual...
So it may move to unchartered territory tomoro... |
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destinykraze
Elite |
21-Jul-2016 20:29
Yells: "Reality is only a matter of perception" |
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Don' t post if your talking rubbish. How is this not bad news. Shortists would be shorting it heavily, with panic sells and stagnant gold price. I don' t see this going anywhere.
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Wind22i
Supreme |
21-Jul-2016 20:25
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They could take their time to do inspection until they have it their way...
Like drink coffee..go to toilet or take a bath there etc.. Or worse case later they will say oh we found its not compliant..hence close for good... Meanwhile every day cnmc will go lower and lower.. So thats why i say shld keep the share suspended...until forseable future.. |
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dragonboy76
Master |
21-Jul-2016 20:24
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  Why r we talking about close shop or game over, etc? They have a valid license to mine gold and they own Sokor land. Imagine the amount of different ores in the ground, government would not be so stupid to ban this mining. My interpretation is that they stop work due to application for large scale mining and not bcos breach of regulation. Isn' t this correct? Even if share drop tmrw due to negative interpretation, it should be temporary only, I Guess the stop work at most 3 months or so.   |
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Bigmama
Elite |
21-Jul-2016 20:24
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Sadly.... I am partially correct.
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analysistar
Senior |
21-Jul-2016 20:23
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it' s official. super bad news. should be going back to 0.16 real quick. those who listen to these unscrupulous idiots, God bless you. |
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