Latest Forum Topics /
CNMC Goldmine
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Goldminer
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explosive2013
Master |
27-Jul-2016 08:31
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http://www.cnbc.com/2016/07/26/fed-may-edge-closer-to-rate-hike.html | ||||
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moneyspinner
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27-Jul-2016 08:13
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GOLD price coming off again.   Now down to USD1,317 only!
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dragonboy76
Master |
27-Jul-2016 08:02
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About Pulai Mining. Pulai Mining is located at about 105km southwest of Sokor, within Malaysia?s central gold belt. It has a total of 11 licenses spanning about 3,841ha (38 sq. km vs. Sokor?s 10 sq. km) to explore and mine for gold, iron ore and feldspar. From March 2011 to May 2013, it produced and sold over 260kg of gold, with value close to RM38m from alluvial mining and generated over RM500k in revenue from feldspar mining in FY2015.
There is currently no JORC report on the project, but CNMC intends to obtain one should the acquisition materializes. Previous exploration data has shown that there is gold in the area and that Pulai has similar mineralization features as Sokor |
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dragonboy76
Master |
27-Jul-2016 08:00
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From rating agency :
Fast Lifting of Stop-Work Order Shows All in Order Investment thesis remains intact. CNMC surprised the market last week following the stop-work order received on 19 July. This stop-work order has since been lifted. We are of the view that the fundamentals of the company remain intact. Our valuation only reflects the value of the Sokor mine based on an average gold price of US$1,200/oz. Further upside will stem from the acquisition of 51% of Pulai Mining Sdn. Bhd. (PMSB). Given the haste with which the stop-work order has been lifted, disruption to production remains minimal and our forecasts of US$16.5m of full year PATMI remains intact. 2Q results outlook remain positive. CNMC has also announced that it produced a record 9,807.4oz of fine gold during 2Q16 or 24.5% higher than that of 2Q15. This brings half year production to 17,079oz or 48% of our full year forecast of 35,613oz. Likely, 2Q average selling price (ASP) will be above our full year estimate of US$1,200/oz. Large Scale Operation Status. The company has clarified that the stop work order was made in connection with the State Government?s review of CNMC?s application for Large Scale Operation status which will allow for the mining of unlimited amounts of ore from Sokor. Upon approval, CNMC will be able to further expand operations at Sokor to meet our longer term forecasts of up to 57,309oz by 2018. Stop-work order likely to be procedural. We are also relieved that the stop work order has been lifted within one week. It shows that the company is not infringe of any regulation and that the impact on the company?s 3Q performance will likely be limited ? other than some costs to resume operations. We also highlight that CNMC has been transparent in disclosing the circumstances about the stop-work order and that the relevant announcements have been reviewed by CNMC?s sponsor who may have sighted the source documentation. Current valuation excludes new mine. We are mindful that CNMC has been trading above our valuation of S$0.430. However, we do not think that CNMC is overvalued at S$0.440 and maintain our Overweight rating (average return/low risk). CNMC?s current share price implies an ASP of about US$1,250/oz ? which is still lower than the current gold price of US$1,319/oz. What makes CNMC stand out is that the PMSB mine is located near the Sokor mine, thus facilitating operational synergies and lower execution risk. Hence, we can expect further upside even though the current Sokor mine has been priced into CNMC?s share price. The risk is that CNMC may have to pay higher royalty+tribute after 2018 to extend Sokor?s lease, which is reasonable to provide for long term operating certainty, bearing in mind that other mines in Malaysia are paying higher royalty+tribute of e.g. 5%+5%, as opposed to CNMC?s 5%+3%. |
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icyads
Member |
26-Jul-2016 22:22
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bro dragonboy76, dun care about what others say..we need more people like who, who is willing to share their knowledge..coz not everyone has time to do a thorough research..hence, we sometimes will base on others input, and make our own judgement..
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Charlyn
Veteran |
26-Jul-2016 22:07
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Wow .. short sale volume today at 1.298mil @ avg 0.474.       hope they manage to cover or cut loss today else tomolo gap up surely get burn more.
Unless tomolo down    
Best if trading halt again early morning  ![]() ![]()
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mkaung2000
Veteran |
26-Jul-2016 21:53
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Seee.. spouting non sense again. 
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davidoch
Senior |
26-Jul-2016 20:25
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e mail
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dragonboy76
Master |
26-Jul-2016 20:15
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I sure u mis-inrerpret my words and meanings. But nevertheless I think u r right. I will not say so much in future. Thansk for reminding me
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Wind22i
Supreme |
26-Jul-2016 20:04
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Mkaung his price is 50 to 60 cents..
Thats why he still cry like a child whenever it drop.. Also today cnmc didnt manage to break above 50 cents So tommorow it may drop back...and mkaung will cry like a child again.. |
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SososoTired
Member |
26-Jul-2016 19:30
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dragonboy...  Earlier u say...  " Longish  I just call cnmc and check again. I don' t want to say much. Just get ready ur cash to cheong again. Haha..." then you said " 100% the next announcement is positive one. Dun ask me how I know." Now you say when next news is out, you wont be talking about 610 as the recent high...  You seem to be saying that CNMC told you something price sensitive... Or you are simply lying...  If CNMC really told you something sensitive... and you are blasting right here on a public forum... then you are getting CNMC into trouble...  If you are lying... then you are simply getting the rest of us who went in to buy today into trouble...  Maybe you should tone down on the talk and let the share price do the walk?
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mkaung2000
Veteran |
26-Jul-2016 19:22
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Bro, next time don't listen to those jokers like Wind22i. He has no knowledge, no skill, no logic. Just anyhow spout non sense. And, the worst thing is he just paper trade. I noticed him promoting shitty Resource Prima. I asked him if he vested. He said NO. Here as well. Be careful.
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mkaung2000
Veteran |
26-Jul-2016 19:15
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Glad to know that you are silently reading here. Hahaha.
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mkaung2000
Veteran |
26-Jul-2016 19:14
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Hahaha... Paper trader.
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Wind22i
Supreme |
26-Jul-2016 19:08
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Mkaung probably bought at 50- 60 cents.
Thats why he is so concern even when the share price was 43cents.
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Macqueen
Master |
26-Jul-2016 18:16
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Biffeen don't throw money like that I got burn twice shorting this. If u want so many counter in short gx u can't short. DYODD. This is a short gx FYI lol
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mkaung2000
Veteran |
26-Jul-2016 17:49
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Wind22i, how?
SWO lifted already. You can buy now @495. No more discount!! Hahahah.
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dragonboy76
Master |
26-Jul-2016 17:45
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Then we need a new group of shortie to join in the fun
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sjtrader
Senior |
26-Jul-2016 17:38
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How to survive? They were talking about short when price was about 40. Chow Tah already.. Lol.
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dragonboy76
Master |
26-Jul-2016 17:36
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Just realise all shortie really disappear suddenly. Hope they still survive the burn..... | ||||
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    hope they manage to cover or cut loss today else tomolo gap up surely get burn more.
