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CNMC Goldmine
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Goldminer
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chipchip66
Elite |
04-Mar-2016 09:32
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Small breakout!! hehehe....
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chipchip66
Elite |
02-Mar-2016 08:40
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may attempt a small breakout... lets see... |
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victortan
Elite |
25-Feb-2016 03:34
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1200$ is just recent px, last yr was vy low, so??? result out liaos, go n read it.
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jcbull
Senior |
24-Feb-2016 22:52
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gold 1250!!! |
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jcbull
Senior |
24-Feb-2016 22:07
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xiao liao..gold surged 1245. Oil inventory continues to build up..Saudi ruled out production cut. Oil going to or is plunging..CNMC going to surge... |
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chipchip66
Elite |
24-Feb-2016 11:02
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PRESS RELEASE TAKEN FROM CNMC GOLDMINE CNMC Declares 40% Increase in Dividend Payout on Record Gold Production and Sales of Almost One Metric Tonne of Fine Gold in FY2015 Net Profit Excluding FX Impact and One-off Tax Credit Up 10.8% at US$16.4M Total dividend payout of 0.945 cent a share is 40% more than previous year&rsquo s Gold production rose 19.5% year-on-year to record 31,205.85 ounces All-in production costs down 16.1% year-on-year at US$608 per ounce of gold |
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ozone2002
Supreme |
24-Feb-2016 10:11
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Production costs only US$555, gold price at US$1,200+, u do the maths on how much they are making... Gd luck DYODD 23 February 2016 [Edge] CNMC Goldmine&rsquo s 4Q earnings up 3.3% at US$3.27 million SINGAPORE (Feb 23): Gold mining company CNMC Goldmine Holdings&rsquo 4Q earnings rose 3.3% to US$3.27 million ($4.6 million). Revenue fell 5% to US$9.3 million, due to weaker gold prices. Production costs fell to US$555 per ounce of gold from US$610 a year ago. For the full year, earnings fell 12.9% to US$10.67 million, although revenue grew 9.8% to US$36.5 million. The improved topline came on the back of higher production and sales of fine gold from increased productivity at CNMC&rsquo s three leaching yards. The group recorded an unrealised foreign exchange loss of US$3 million stemming from the depreciation of the ringgit against the greenback. The group declared a final dividend of 0.18 cent and a special dividend of 0.405 cent for the 12 months ended December 2015. Earlier, it declared two interim payouts of 0.18 cent each, bringing the total dividend for FY2015 to 0.945 cents a share, up 40% from the previous year. CNMC closed unchanged at 21.5 cents.
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chipchip66
Elite |
24-Feb-2016 09:07
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Announced higher dividends due to higher profits! |
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kakachi
Member |
22-Feb-2016 09:05
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Is PE low because mine is expected to run only for about 10 years max? |
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luca_brasi
Member |
20-Feb-2016 12:09
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This week price action suggests accumulation. Any weakness was bought with strong close at end of day.
Anyway stock looks dirt cheap excluding FX non-cash items. |
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luckyfa
Elite |
18-Feb-2016 14:20
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Commodities update: Gold ready to roar, crude looks upBy Economictimes.com and Agencies | 18 Feb, 2016, 08:57 AM
Gold is in the news again, with prices rising as much as 14 per cent this year,
which is ahead of the performance of most other asset classes. The latest bounce in the prices is raising hope that the precious metal may be getting ready to roar again. Or is it? While the Singapore-based DBS has turned overweight on the yellow metal, Goldman analysts had recommended investors to short it. Beijing: Gold is set to benefit from sinking expectations for higher US interest
rates and the potential for further market turmoil, according to DBS Group Holdings, the Singapore-based bank that turned overweight on bullion last year before the metal surged. " Volatility in financial markets due to the Chineseglobal slow down and low oil prices and doubts regarding the effectiveness of monetary easing could continue," Manish Jaradi, senior investment strategist at DBS' s Chief Inv .. |
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kakachi
Member |
18-Feb-2016 11:23
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Purely based on the fact Wilton can buy using CPF but CNMC cannot! :)
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luckyfa
Elite |
18-Feb-2016 10:17
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Would need to wait for long....However, CNMC is highly profitable and at current low price, looks even more attractive....The upcoming financial reporting will likely say ALL...Gold is shining again and by looking at the macroecomonic, it' s price is trending up and more Long call is Betting this yellow things!!!....
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kakachi
Member |
18-Feb-2016 06:59
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What do you guys think about Wilton Resources? Currently at 7 cents. Good potential but havent produced a single oz of gold yet. When it does the price could multiplly. |
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luckyfa
Elite |
17-Feb-2016 16:13
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China' s demand for gold surged by 2% in 2015Reporter: Li Nan 丨 CCTV.com 02-17-2016 05:20 BJT The hunger for gold. China has seen a rising demand for gold. That' s according to a recent report from the World Gold Council. Report shows that demand for gold remained resilient last year. Total demand stood at over 4,200 metric tons for the whole year. On the other hand, consumer demand for gold in China saw a 2 percent rise, totaling over 980 metric tons. Analysts say that Chinese investors are seeking shelter in the precious yellow metal, due to devaluation pressure on the Yuan and a weak performance by the country' s stock market. Just as China rang in the Year of the Monkey with firecrackers, the price of gold has made a noise and splash of its own. As of Monday, the gold price in Shanghai sat at over 340 Yuan per gram, compared with less than 300 before the new year. But the price change, has, on the contrary, stimulated consumers' passion for shopping. " I came to check the gold price before the lunar New Year, and it was way cheaper. I did not expect it to rise again just over the festival period. So I decided to buy right now than later." " I usually buy gold bars. The largest amount of money I ever invested on gold in one go was over 100 thousand Yuan. Now the gold price is steadily rising, and I believe the trend will continue." The price of gold on the international market saw a seven percent increase last week, the highest weekly increase since December 2008. And if compared with the beginning of the year, the total rise stands at some 16 percent. Industrial experts say this growth is coming from the sluggish world economy. " The world economy has been seriously affected by the previous global stock market declines, as well as recent declines in Europe and America. Globally, the negative interest rate of the industry is expected to go down after the recent interest rate increase by the US Federal Reserve. " Also impacts from crude oil and bond exchange rates have pushed investors to hedge risks, which in turn lifted the price of precious metals, especially gold," said Li Yang, Sales Director of Baoruitong Pawnshop Corp. Ltd.. For Chinese investors, the disappointing performances of the Shanghai and Shenzhen stock markets has contributed to the rush for the precious metal. " I fear nothing with gold in my hand. I invested in the stock market last year and lost several hundred thousand Yuan already," " I' d rather use this money to buy gold. Even if the gold price drops one day, my gold bars are still there." Market experts expect the gold price will continue to rise, and hit new highs by the end of the year. http://english.cntv.cn/2016/02/17/VIDEHMCowEVVDI1U2IhI5P0z160217.shtml |
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luckyfa
Elite |
17-Feb-2016 11:19
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Gold price going up...... | ||||
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jcbull
Senior |
16-Feb-2016 23:58
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Q4 All-in-cost : 564 Current Gold Price : 1210 Profit Margin = 1210 - 564 = 646 Assuming 2016 Production to be 10% higher than 31,205 oz (2015 production capacity) = 34325oz Potential 2016 profit : 34325 x 646 = 22.174M USD or 5.5 US Cents or 7.7 Sing Cents If 2016 PE ratio
At today' s price of 21.5, 2016 PE ratio will be 21.5/7.7 = only 2.8 !!!! Tell me whether this is a cheap buy or not. DYODD. Not only that, CNMC has reserved $50M MYR to buy a mine in Malaysia..They must have a target in mine..This will be a potential catalyst to shoot the price to the roof top. |
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luckyfa
Elite |
16-Feb-2016 22:33
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Cmnc high profit margin and deeply under value....one of the top few gold mining company in the world with this kind of good profit margin...... | ||||
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kakachi
Member |
16-Feb-2016 21:21
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Not sure about Liongold.....whole company could go down. Lots of debt and uncertainty. |
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Maller
Elite |
16-Feb-2016 18:28
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Buy Cnmc and liongold.. |
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