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CNMC Goldmine
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Goldminer
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SaltyCake
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21-Jun-2016 17:12
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Whole day of fierce struggle between 345 and the legendary 35 barrier
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trader1970
Elite |
21-Jun-2016 15:33
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You are absolutely right..Be patient... It will break the wall of 35 in a matter of ______. Watch.... :) |
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SaltyCake
Senior |
21-Jun-2016 15:25
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High amount of trades consolidation and accumulation are seen around 345 today.. if today close above 350, we should see a bright day tomorrow on until thurs market close. Friday, all depends on situation.
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trader1970
Elite |
21-Jun-2016 12:06
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Unlikely it will goto 0.31... 10% likelihood to 32... it is consolidating at 35 now for the next surge.. As said, short-term investor will be selling to BB/LT investor.. Gold price will fluctuate but will still remain bullish after post Bremain if it ever happen.. if BREXIT HAPPEN, THIS COUNTER WILL PASS 40....:) |
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FreedomAngelz
Veteran |
21-Jun-2016 11:49
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Gold price might drop to 1220-1240 range.....CNMC might drop until 0.32 for short term. If it drop to 0.3-0.31, I will load up more share for this counter. Still vested for long term. Global risk is still there whether its Brexit or Bremain. Brexit will just aggrevate the situation while Bremain will delay the issues. |
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lamechops
Member |
21-Jun-2016 11:04
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But if Bremain is confirmed on Thurs, CNMC share price will be dropping back to 0.3-0.33 range? |
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trader1970
Elite |
21-Jun-2016 10:20
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Today high likeihood will surpass 35 and move towards 38... Investors do not like uncertainty... Brexit is not guaranteed... You never know the poll..... safe haven counter like this is a good bet.. :) |
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FreedomAngelz
Veteran |
21-Jun-2016 09:53
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Big movement these few days......if Brexit does happen....easily go past 0.4 |
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trader1970
Elite |
21-Jun-2016 09:40
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Be patient, BB and investors are accmulating for the next rise towards 40, Whether Brexit or Bremain, this counter will move higher from now amid gold fluctuation along the way. The global slowdown risks cum the US Presidential election, negative yields etc will continue to drive gold higher...Funds don' t buy gold for speculation.. They are preparing for this gold rally.... :) |
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paul1688
Veteran |
21-Jun-2016 08:40
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Another analyst makes a refreshed call on CNMC. This time from KGI Fraser analyst: Renfred Tay 21 June 2016
CNMC Goldmine (CNMC) is a low-cost gold producer located in Kelantan, Malaysia. Gold production has been rising over the years while production cost per ounce has been falling. We believe the company is deeply undervalued for the reasons below even as we take an agnostic view on gold price. Proven track record. CNMC has dispelled earlier doubts about its execution ability in raising its annual gold production to 31.2 oz in FY15 from just 3.1 oz in FY11. Lowest cost gold producer with rising profits. CNMC sold gold at an average realised price of US$1,156/oz in 1Q16 at an all‐ in‐ sustaining cost of US$474/oz (compared to the 4Q15 world average of US$832/oz), providing itself a sustainable margin buffer should gold price takes a drastic fall. Its FY13‐ 15 performance illustrates this point ? larger production scale boosted efficiency, and helped its core profits surge from US$3.1m to US$13.6m, despite the fall in its average realised gold price to US$1,169/oz from US$1,314/oz, during the same period. At the current gold price of US$1,282/oz, which is 10% higher than the average levels recorded in FY15, coupled with a 20% increase in production capacity starting in 2Q16, we expect CNMC to report even higher profits this year. Rising dividends. CNMC started paying dividends in FY13 and has raised it every year. For the past two years, the company has also been making three dividend payments a year and we expect this trend to continue, barring any major unforeseen circumstances. For FY16F, we expect CNMC to pay dividends that at least equals FY15?s total payout of 0.945 Scts. Huge valuation gap. Judging from the sensitivity analysis of CNMC?s DCF value, which is based on conservative assumptions, CNMC?s current trading price mirrors a gold price of at most US$1,070/oz. This implies that there is a huge valuation gap that needs to be closed. We believe that there is much headroom for CNMC?s valuation to run before the movements of its stock price can be justified by changes in gold prices. Our TP is set at S$0.48, based on its leading justified P/E of 9.3x, which is still at a 61% discount to its junior gold mining peers. With an upside of 43% to our TP, we rate CNMC as a strong BUY. Disclaimer : Just sharing. Vested. Never follow any analyst blindly. DYODD. |
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Wind22i
Supreme |
17-Jun-2016 14:49
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Well this company produces real gold
Target price 43 cents if gold price can stay at current level.. |
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trader1970
Elite |
17-Jun-2016 11:33
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It is normal for slight correction after a steep rally. Nonetheless, this counter is still intact for the next rise towards 40. As today is Friday, normal for profit taking. Be patient. The next surge is not too long.. Cheers :) |
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SaltyCake
Senior |
17-Jun-2016 09:46
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Amy retracement now is good as it corrects the oversold status for further growth
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FreedomAngelz
Veteran |
17-Jun-2016 09:24
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Gold price was hit badly last night due to rumors on delay in Brexit vote (refer to British MP death incident) |
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TuaPekGong9413
Elite |
17-Jun-2016 09:06
Yells: "deity" |
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Today is Friday... Friday mostly sell down.... Guess Brexit won't happen so fast now..... | ||||
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FreedomAngelz
Veteran |
16-Jun-2016 22:44
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Tommorow up another 8-10% |
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Wind22i
Supreme |
16-Jun-2016 22:04
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TARGET PRICE :~43 cents.
CNMC Goldmine Holdings (May 18: 28.5 cents) OVERWEIGHT. CNMC delivered a strong set of results that exceeded our expectations, with Patmi growing 133% from US$1.96 million ($2.7 million) in 1QFY2015 to US$4.57 million in 1QFY2016. We remain bullish on CNMC and maintain our view that the company is high return/low risk, as it continues to benefit from higher output, higher selling prices and low costs. Our forecasts and valuation remain unchanged except for a slight revision to account for the appreciation of the US dollar against the Singapore dollar from 1.35 to 1.37 during the same period. This variance pushed our valuation higher by 0.5 cent to 43 cents. Our valuation implies a 62.3% upside compared with 97.7% in our last update. ? NRA Capital (May 16) |
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Wind22i
Supreme |
16-Jun-2016 21:51
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Usd 1314 now gold price bullish...
Cnmc is sitting on gold mine.. Its best to hold for few months to see maximum returns |
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johnng
Supreme |
16-Jun-2016 19:55
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GOLD chiong ah...chiong ah |
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SaltyCake
Senior |
16-Jun-2016 18:53
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Fast as it is, it is already Friday. Wonder if there will be alot of profit taking. Nonetheless, profit taking can already been seen today with contra closing
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