Latest Forum Topics /
CNMC Goldmine
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Goldminer
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Redstar8730
Master |
21-Jul-2016 22:27
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Why apply salts on others wound? For the sake of bro & sis that have position in this counters, just pray tomorrow don't go down too much. Those shorting tomorrow all inhuman, prepare for your karma one day. Short too much the it halt again then you know! Hope all shortists 死 翘 翘 。 | ||||
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jazzzkk
Senior |
21-Jul-2016 22:22
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China ah pek company told you cannot be trusted. Post some good news jet up the price and sank it. Don' t know so many optimistic jokers Firstly, a company is in good shape wont sink this much price. EVEN ON profit taking, it wont sink THIS MUCH Secondly, a sharp drop in price before trading halt is not going to be a good news. Obviously people wont give you cheap stuff when good things going to happen And lastly, i still cant understand even when now the news is out, there are some people still think, it not a BAD news. Short sellers WINS |
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dragonboy76
Master |
21-Jul-2016 22:13
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I know they have a copper mine. Gold mine sokor should be the only one or major one. Either no other gold mine or very small scale only. | ||||
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polarinda
Master |
21-Jul-2016 22:09
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Sokor is not their only mine right? | ||||
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dragonboy76
Master |
21-Jul-2016 21:56
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If not approve at most go back to current miming scale. Still can make profit. Once approve, they can link sokor with the nearby acquisite mine to gain economic of scale. Gold price will rise In few months time in my opinion. Economy no good but shares keep rising. Coupled with brexit and Greece, Italy debt problem, will surely burst 1 day. By then gold will be big big safe haven for everyone.
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NoMoney
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21-Jul-2016 21:56
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well... on chart anchor touch 20 day moving avg and went back up. so likely uptrend will continue from there now is cmnc it touches 20 day moving avg, will it go down or up is see tomorrow liao   |
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Charlyn
Veteran |
21-Jul-2016 21:51
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I guess just short for shorterm and long for longterm 
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dragonboy76
Master |
21-Jul-2016 21:44
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If they dun apply for large scale mining then forever they will be restricted in their production. That is worse than stop work temporary.
Better to think mid to long term then 3 months down the road. They r going to expand and they need to make necessary action to fulfill their dream |
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moneyspinner
Veteran |
21-Jul-2016 21:39
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Depending how long is the halt order, profitability of CNMC will be impacted near term.   Again there is also the uncertainty regarding the outcome of the inspection.   This piece of news is bearish for CNMC.   SHORT!😂 |
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Integrity
Elite |
21-Jul-2016 21:38
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As of now, stop work means bad news. Whether its approved or not is still uncertain. Approved then talk. If not approved, good luck
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Just4win
Supreme |
21-Jul-2016 21:38
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Ok. Thanks so much. So it may not be bad news after all..we would see rainbow coming out soon. 😄  
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SgTrader17
Elite |
21-Jul-2016 21:38
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How you take it is no use.
How the big boss and mkt take it wil always determine where the share price go, right? Hope for the best. Maybe a good time to collect. Can't stop work forever, I Guess. But it's wrong time for such things when gold is getting bullish. Stock markets are like that. Unpredictable and risks involved.
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freckles*.*
Senior |
21-Jul-2016 21:29
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I take it as a good news too.
It's an application for a large scale operation. Unlimited...! |
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trader1970
Elite |
21-Jul-2016 21:28
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I agree... I am tempted to short but again....... Bulls vs  Bear.. It depends on how the managment handle their Investor relationship well with the BB, bankers etc the last few days of trading halt.. Managment is well aware of this and there could be also surprises ... will watch and see tomorrow morn pre-open... If you check out this company call Tanzanian Royalty exploration, same thing like that but still survive and perform well... |
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Charlyn
Veteran |
21-Jul-2016 21:25
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If tomolo super oversold then maybe can acummulate some.... probably sideways for few weeks... and up after approval. 
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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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