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CNMC Goldmine
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Goldminer
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$warrior
Master |
06-Jul-2016 10:12
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one of my best investments yet - has taught me a lesson in being patient nd trusting your own analysis rather than relying on all the chatter out there.
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lglg666
Supreme |
06-Jul-2016 09:59
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Gone up more than half since Brexit and now it's still in the up-trend same as gold. Huat Ah
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iamwxd
Member |
06-Jul-2016 09:58
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gold:1370+ lol. Tomorrow is a good day again. |
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Wind22i
Supreme |
06-Jul-2016 09:18
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"Legendary investor" is buying gold..
George Soros bet big on gold Is George Soros bracing for a storm? During the first quarter the legendary investor purchased $264 million worth of shares of Barrick Gold (ABX), the world's largest gold miner. Soros, known as the "man who broke the Bank of England," also acquired 1.1 million options to buy the popular SPDR Gold ETF (GLD), which mirrors the price of gold. Gold prices tend to move higher when people are afraid. The precious metal is up more than 20% this year. Soros also doubled his bet against the S&P 500. The billionaire now owns 2.1 million put options on the SPDR S&P 500 ETF (SPY), which closely tracks the performance of the benchmark index. Put options are a way to bet that an investment is going to lose value. It's not clear if Soros was betting on a decline in the U.S. stock market or simply trying to hedge his overall portfolio by using these options. It's also not clear the magnitude of the decline he is positioning for. Additionally, the filing has a 45-day lag, meaning it's not possible to know what Soros' portfolio looks like currently. "It's either a significant bet against stocks or if it's a hedge, he doubled his caution," said Todd Salamone, senior vice president of research at Schaeffer's Investment Research. Related: Famed investor warns of debt-fueled disaster Earlier this year Soros sounded the alarm on global financial markets by saying the situation in China reminds him of the 2008 crisis. "China has a major adjustment problem. I would say it amounts to a crisis," Soros said in a January speech. "When I look at the financial markets there is a serious challenge which reminds me of the crisis we had in 2008." Soros also told Bloomberg at the time that he believes a disruptive collapse of China's growth is "practically unavoidable." "It's been a while since he's been this bearish," said Raul Moreno, CEO and co-founder of iBillionaire, an app that tracks the portfolios of influential investors. "Soros has made money in markets going up or down so people definitely trust what he's saying." By contrast, CNNMoney's Fear & Greed Index is sitting firmly in "greed" mode these days. The gauge of market sentiment was flashing "extreme fear" earlier this year but has since improved dramatically. Related: Mark Cuban warns of 'huge' losses if Trump wins Soros isn't completely running for the hills. He still has investments worth over $80 million apiece in eBay (EBAY) and Zoetis (ZTS). During the first quarter Soros also purchased new stakes in Apple (AAPL, Tech30), Yahoo (YHOO, Tech30), Gap (GPS) and United Continenta (UAL)l, though those are relatively tiny positions. Soros isn't the only one sounding very cautious lately. Stanley Druckenmiller, who served as the lead portfolio manager at Soros's hedge fund when it took on the Bank of England, recently warned that China is in the midst of an "extremely rare and quite dangerous" explosion of debt. Druckenmiller also railed against "reckless" behavior by U.S. CEOs and talked up gold, which has rallied 21% so far this year. Jeff Gundlach, the so-called "king of the bond market," too recently said he believes gold will soar to $1,400 an ounce. Here's another telling clue from Soros: the value of his hedge fund's holdings shrank from $6.1 billion at the end of 2015 to $4.5 billion as of the end of the first quarter. Moreno of iBillionaire said it's likely a sign of Soros taking a defensive maneuver: moving more of his portfolio to the safety of cash. By Matt Egan May 17, 2016 16:35PM EDT |
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Wind22i
Supreme |
06-Jul-2016 09:08
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http://www.cnbc.com/2016/07/05/gold-is-poised-to-go-much-higher-says-blackrocks-koesterich.html | ||||
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Dunoanyti
Member |
06-Jul-2016 09:00
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😁 😁 Huat Ah | ||||
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Wind22i
Supreme |
06-Jul-2016 08:53
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Gold: 1363 per oz , + 27 dollar or 2%.
Brexit is not over and ppl switching to safe heaven like gold and silver.. So for cnmc (52.5 cents) can easily reach 60 cents this week, as it's still very undervalue compare to barrick gold US which has gone up by 300% , cnmc still got some room to run.. And as per their report in Sgx (these are real figures) it is already producing 9.8k oz of gold per quarter! That's roughly 40k oz a year! Another record production figure..and it has cash of 26mil already , high roe 30% - not many business can achieve that.. Their new acquisition of Pulai could boost their production next few years, plus they also have many other business plan coming.. We shld see cnmc at 60 to 80 cents soon.. Ps. Nobody asking anybody to buy ..as an adult pls do own research & take own risk...u are free to watch as it goes up and be a busybody/moan about it..it's a free society. |
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FreedomAngelz
Veteran |
05-Jul-2016 21:09
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Brexit fear starting to spread again.....Gold price ticking upwards again. |
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lglg666
Supreme |
05-Jul-2016 18:38
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Still can run higher....enjoy the smooth ride and Huat Gao Gao!!
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lglg666
Supreme |
05-Jul-2016 18:36
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Double confirmed.....very shiok lor with the nice run.
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Wenxian15
Member |
05-Jul-2016 17:25
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Solely based on the quarterly earning (Q1) is $1.58, which full year is about 6.3 cents. The return based on the current closing price is 12%!??? Secondly, after they bought over new mining and annoucement of record high gold production. This is another profit booster. Thirdly, 8% increase in gold price is the purely additional profit to the company. There are lots more, cashcow company, political unrest, currency volatile and much more..... All the factor are favourite to goldmining company... I can' t find any reason to deny it!!!! |
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$warrior
Master |
05-Jul-2016 17:11
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Now its for those in for the long ride. Huat!
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Wind22i
Supreme |
05-Jul-2016 16:56
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..if base of figures and facts(gold production and spot gold price and their proven reserves)...as of now at 52 cents cnmc is still cheap..
Just ignore those crazy folks who always have conspiracy theory and their vested interest eg to buy it cheap... nobody asking them to buy... They are free though to loaf around in the forum and be a busybody , moan and talk about their missed opportunities..and remain unproductive... They can watch as cnmc continue uptrend following price of gold.. Whether cnmc can go to 60 to 80 cents or a dollar , its just a matter of time.. All the best folks!
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iamwxd
Member |
05-Jul-2016 16:36
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yes, now 520 become support. many of contra players out already. Now only 700+ lots selling @ 0.525
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FreedomAngelz
Veteran |
05-Jul-2016 16:28
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There is a detail report about CNMC by NRA Capital, you need to google to find the link and download their assessment sheet. Very detail.
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nqing87
Supreme |
05-Jul-2016 16:22
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bro, where u get the info about the peak production in sokor mine?
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Wind22i
Supreme |
05-Jul-2016 15:52
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U have done your research well..
50 cent level already cleared... Latest quarter they produced 9800 oz..a new record...and gold price also high at 1345 per oz.. That area still got much to be mined...plus new are at pulai.. so just stay tuned and watch out for the next target : 60 to 80 cents.. To those who have missed the rally..nobody is asking you to buy, in fact dont buy , u can always just stay here become a busybody and watch it go higher and higher..
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josephyeo
Elite |
05-Jul-2016 15:34
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More pointers on CNMC: 1. All-in-cost. 1Q 2015 - US$616 2Q 2015 - US$517 3Q 2015 - US$564 4Q 2015 - US$555 1Q 2016 - US$487 It seems that the " all-in-cost" has been trending down. 2. Production level. 2012 - 4640 ounces 2013 - 12650 ounces 2014 - 26122 ounces 2015 - 31206 ounces Latest announcement from the company states that production for 2Q 2016 is at an all time high. See quote below: " The board of directors of (the &ldquo Board&rdquo ) of CNMC Goldmine Holdings Limited (&ldquo CNMC&rdquo or the &ldquo Company&rdquo )
is pleased to report that the Company&rsquo s Sokor Gold Project has produced a
record quarterly fine gold (gold bars that are refined to the purity of 99.99%)
production of 9,807.37 ounces for the period ended 30 June 2016
.
This represents the highest production output on record forquarterly fine
gold production since the start of the Company&rsquo s gold production in July 2010.
As compared to the previous record of 8,510.42 ounces for the period ended
31 December 2015, this reflects an increase of approximately 15.24%"
By Order of the Board
Lim Kuoh Yang
Chief Executive Unquote. 3. Environment favouring gold investment: a. negative interest rate b. global economic/political uncertainties c. loss of confidence in paper money due to excessive printing. 4. CNMC situation: CNMC is in an enviable position today as its low " ä ll-in-cost" comes along with increasing production and higher gold prices. Can reasonably expect them to report a good set of result this 2Q. Should gold price be able to stay above the US$1300 for the rest of the year ... its going to be an exceptionally good year for CNMC. 5. My position: I am quite heavily vested here though i am a small retail investor. I intend to hold my position till after the 2Q results and after the company' s presentation at the Asia Investment Forum 2016 .. 8th Scaling New Heights. Note: above are my own assessments. Its not an invitation to buy/sell. Things can always go wrong in the market .. gold price may suddenly tank, operation cost may shot up, natural disaster may impaire production etc etc. So do your own analysis n conclusion.
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luckyfa
Elite |
05-Jul-2016 15:12
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Looks like selling for the past hours well absorbed. Really for the uptick again. | ||||
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luckyfa
Elite |
05-Jul-2016 15:12
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Lots of buyers, whether current or sideline, seems to start boarding again.....maybe today can see spectacular closing.....huat ar!!!!
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