Latest Forum Topics /
CNMC Goldmine
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Goldminer
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jcbull
Senior |
03-Jul-2016 09:58
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CNMC needs international investors to come in to realise the trueth PE ratio.. |
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jcbull
Senior |
03-Jul-2016 09:56
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achieving 80 cents is not far fetch at all if one is to look from the industry PE ratio..current PE ration is still less than 10, somewhere 6-8. Most miners PE are over 26 now. Below is the PE ratio for AngloGold Ashanti, Kinross Gold and Barrick Gold.
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FreedomAngelz
Veteran |
03-Jul-2016 09:56
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Wrong way of calculating.......first of all, CNMC is in talk to acquire 51% stake.....they have not confirm acquiring the stake yet. Second, although Pulai license to mine and explore is 3-4x larger than Sokor, they seems to be still in exploration stages. Can`t find any data on how much gold & mineral reserve is expected. I think the part where they engage and fund geologist from University of Malaya comes in handy. Sokor gold reserves is expected to dry up in 2020-2025. Sooner or later, CNMC will look into oversea acquisition.
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blissbao
Member |
03-Jul-2016 07:18
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0.60cts to 0.80 cts...not so far fetch...Reason being as a layman using very simple calculation. The company just acquired a 51% stake inPulai Mining, another gold mine nearby...4 times its present size in Sokor. Based on the price of 0.40 cts, and the  new goldmine is 4x larger..just ball-park a figure 40cts x4=$1.60 Shave off 50% and we get $0.80 cts...so a target price of 0.80 cts is not impossible when the mine is up and running...will keep my small longs from .30cts to see this heavenly figure. Vice versa..will have to monitor the physical gold price...If gold price stays above $1200 to $1500, our bets should be quite safe. Also,Their $26 million cash in their kitty is my insurance. This week road show in China is a very good shot in the arm for this stock.  
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Wind22i
Supreme |
02-Jul-2016 21:26
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50 sen soon..then 60 sen..
Raya is a 1 day even only... Gold now in long bullish run towards 1500..++
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FreedomAngelz
Veteran |
02-Jul-2016 16:11
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Monday will still cheong to 0.475-0.48 level.....Tuesday may see it test near 0.5 but profit taking will be heavy before closing due to Wed Hari Raya.  Expected closing on Tuesday closing 0.47-0.48
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spore1
Supreme |
02-Jul-2016 14:04
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At current price of 45cent it will b gd to retrace /pause if not may not sustain ..
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luckyfa
Elite |
02-Jul-2016 07:49
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Agreed, if cnmc is to follow US style of trading, and with cnmc consider being one of the best gold miner in thw world, few dollars share price wouldn't be a surprise. ..imo....
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Redstar8730
Master |
02-Jul-2016 07:27
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Gold price has surged to USD1344. Huat liao. CNMC next week 50ct in sight. Congrats to all. | ||||
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luca_brasi
Member |
02-Jul-2016 01:10
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Gold price and gold miner share price don' t move the same % ... Some miners in NYSE are up 300-400% this year. CNMC and other miners have been undervalued for quite some time as gold price was trending down. Fair Value is just catching up...fast and furious.
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Redstar8730
Master |
01-Jul-2016 20:22
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You've made the right choice!! Congrats! Gold & silver are currently trending up while oil & other commodities are retreating. | ||||
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spore1
Supreme |
01-Jul-2016 20:21
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This could b the next champion .
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Myfundgrow
Member |
01-Jul-2016 20:17
Yells: "Buy low sell high or Sell high than buy back when low." |
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Sold off my Ezion and switch to buy this company. Already see profit. |
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Redstar8730
Master |
01-Jul-2016 17:54
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See you all at 50ct next week. Have a nice weekend to all. If over excited can't sleep can watch Wales vs Belgium match. | ||||
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FreedomAngelz
Veteran |
01-Jul-2016 17:37
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Those who will be unloading is short term trader or those playing contra to be exact.   CNMC is now one of the most safest hedge against volatility.  
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destinykraze
Elite |
01-Jul-2016 17:34
Yells: "Reality is only a matter of perception" |
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60-80cts too far--fetched. If im buying gold, its safer. This counter has risen more than gold in terms of percentage. Quite a lot of ppl looking to unload.
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Wind22i
Supreme |
01-Jul-2016 17:27
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Its the only profitable gold mining company in sgx..
With gold price heading towards 1500 i think cnmc shld head to 50 to 60 sen soon..so just relax and enjoy |
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FreedomAngelz
Veteran |
01-Jul-2016 17:24
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Just going to throw in my 2cent observation today......there are some major BB purchase today....i spotted at least 5-8 major transaction. As CNMC gets more expensive, it needs to attract hedge fund and BB to push the price upwards.  |
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luckyfa
Elite |
01-Jul-2016 17:19
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As and when the GOLD price continue to move high, believe to be the case base on current situation, CNMC will skyrocket...Guess  current price  still a good BET....And infavour of 60-80cts in near term. Hope this company can catch the ' EYE' of the fund manager in the upcomimg event that CNMC is participating...
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Wind22i
Supreme |
01-Jul-2016 17:12
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As long as gold price is at 1300++ i think cnmc can still perform...
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