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muifan Supreme	25-Aug-2016 18:15        muifan About Contact  Quote this Post!   Yells: "Take the leap of faith dont regret 20 years later!"
x 0   x 0  Alert Admin	this should be the announcement all is waitng? FreedomAngelz      ( Date: 25-Aug-2016 18:06) Posted: The board of directors of CNMC Goldmine Holdings Limited (&ldquo CNMC&rdquo or the &ldquo Company&rdquo and together with its subsidiaries, the &ldquo Group&rdquo ) refers to the Announcement in relation to the execution of the non-binding letter of intent with Pulai Mining in respect of the Proposed Subscription. Further to the Announcement, the Board wishes to announce that the Company has on 25 August 2016 entered into a Share Subscription Agreement (the &ldquo SSA&rdquo ) with Pulai Mining for the subscription by the Company of 51% of the enlarged issued and paid-up share capital of Pulai Mining. Completion of the SSA is subject to certain conditions precedent as stated in the Announcement on or prior to the date falling six (6) months from the date of the SSA, or such later date as may be agreed. Upon completion of the Proposed Subscription (&ldquo Completion&rdquo ), Pulai Mining will become a subsidiary of the Group. The subscription consideration of RM13.8 million, payable by way of a cheque, cashier' s order or telegraphic transfer to an account designated by the Pulai Mining, was arrived after arm&rsquo s length negotiations on a willing-buyer, willing-seller basis, taking into account existing exploration data and previous gold product output of Pulai Mining estimated at 260 kg, as well as Pulai&rsquo s exploration and mining licenses with a combined license area of approximately 3,841.3 hectares (or 38.41 square kilometres) including (a) one exploration licence of approximately 2,300 hectares, (b) seven gold mining licenses totalling approximately 1,166.19 hectares (or 11.7 Square Kilometres), (c) two iron ore mining licenses totalling approximately 359.7 hectares (or 3.6 Square Kilometres) and (d) one feldspar mining license for approximately 15.41 hectares (or 0.15 Square Kilometres). Pulai Mining is currently in a net liability position of approximately RM2.35 million based on its latest unaudited management accounts as at 30 June 2016. Notwithstanding the net liability position, the Proposed Subscription has significant potential based on geological information so far available, the large contiguous area, and the strategic synergy with CNMC due to its geographic proximity to the Group&rsquo s existing Sokor project. As at the date of this announcement, no formal or third party valuation of Pulai Mining has been carried out. Upon Completion, the Company will be commencing detailed geological exploration surveys with the objective of assessing the JORC-compliant mineral resource and ore reserve potential in Pulai Mining. The Board will provide further updates to shareholders when there are material developments on this matter. Save for Mr Choo Chee Kong, a substantial shareholder and director of the Company, none of the directors and substantial shareholders has any interest in the Proposed Subscription and the SSA. Details of Mr Choo&rsquo s interest is disclosed in the Announcement Shareholders are advised to continue exercising caution in trading their shares and to read this Announcement together with all other existing and future announcements by the Company in relation to the Proposed Subscription carefully. Shareholders should consult their stock brokers, bank managers, solicitors or other professional advisors if they have any doubt about the actions they should take. By Order of the Board Lim Kuoh Yang Chief Executive Officer
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FreedomAngelz Veteran	25-Aug-2016 18:12        FreedomAngelz About Contact  Quote this Post!
x 0   x 0  Alert Admin	At the moment its positive.....once the full geologist survey of Pulai mining is determined, then we can have a full pictures of how much reserved gold ores Pulai Mining have and the true value of CNMC anchorvale      ( Date: 25-Aug-2016 18:10) Posted: sounds like positive note to me
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anchorvale Senior	25-Aug-2016 18:10        anchorvale About Contact  Quote this Post!
x 0   x 0  Alert Admin	sounds like positive note to me
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Rookiegal Member	25-Aug-2016 18:09        Rookiegal About Contact  Quote this Post!
x 0   x 0  Alert Admin	Can also read here  http://cnmc.listedcompany.com/newsroom/20160825_180221_5TP_6M412GANEL3P7IWC.1.pdf
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dragonboy76 Master	25-Aug-2016 18:08        dragonboy76 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Must have hope mah. Rookiegal      ( Date: 25-Aug-2016 18:00) Posted: You sound very confident about tomorrow.  dragonboy76      ( Date: 25-Aug-2016 17:43) Posted: The buying and selling at end of trading days often is due to speculating or profit taking effect and not really bad news out. The news will out soon, I believe. Tomorrow
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FreedomAngelz Veteran	25-Aug-2016 18:06        FreedomAngelz About Contact  Quote this Post!
x 0   x 0  Alert Admin	The board of directors of CNMC Goldmine Holdings Limited (&ldquo CNMC&rdquo or the &ldquo Company&rdquo and together with its subsidiaries, the &ldquo Group&rdquo ) refers to the Announcement in relation to the execution of the non-binding letter of intent with Pulai Mining in respect of the Proposed Subscription. Further to the Announcement, the Board wishes to announce that the Company has on 25 August 2016 entered into a Share Subscription Agreement (the &ldquo SSA&rdquo ) with Pulai Mining for the subscription by the Company of 51% of the enlarged issued and paid-up share capital of Pulai Mining. Completion of the SSA is subject to certain conditions precedent as stated in the Announcement on or prior to the date falling six (6) months from the date of the SSA, or such later date as may be agreed. Upon completion of the Proposed Subscription (&ldquo Completion&rdquo ), Pulai Mining will become a subsidiary of the Group. The subscription consideration of RM13.8 million, payable by way of a cheque, cashier' s order or telegraphic transfer to an account designated by the Pulai Mining, was arrived after arm&rsquo s length negotiations on a willing-buyer, willing-seller basis, taking into account existing exploration data and previous gold product output of Pulai Mining estimated at 260 kg, as well as Pulai&rsquo s exploration and mining licenses with a combined license area of approximately 3,841.3 hectares (or 38.41 square kilometres) including (a) one exploration licence of approximately 2,300 hectares, (b) seven gold mining licenses totalling approximately 1,166.19 hectares (or 11.7 Square Kilometres), (c) two iron ore mining licenses totalling approximately 359.7 hectares (or 3.6 Square Kilometres) and (d) one feldspar mining license for approximately 15.41 hectares (or 0.15 Square Kilometres). Pulai Mining is currently in a net liability position of approximately RM2.35 million based on its latest unaudited management accounts as at 30 June 2016. Notwithstanding the net liability position, the Proposed Subscription has significant potential based on geological information so far available, the large contiguous area, and the strategic synergy with CNMC due to its geographic proximity to the Group&rsquo s existing Sokor project. As at the date of this announcement, no formal or third party valuation of Pulai Mining has been carried out. Upon Completion, the Company will be commencing detailed geological exploration surveys with the objective of assessing the JORC-compliant mineral resource and ore reserve potential in Pulai Mining. The Board will provide further updates to shareholders when there are material developments on this matter. Save for Mr Choo Chee Kong, a substantial shareholder and director of the Company, none of the directors and substantial shareholders has any interest in the Proposed Subscription and the SSA. Details of Mr Choo&rsquo s interest is disclosed in the Announcement Shareholders are advised to continue exercising caution in trading their shares and to read this Announcement together with all other existing and future announcements by the Company in relation to the Proposed Subscription carefully. Shareholders should consult their stock brokers, bank managers, solicitors or other professional advisors if they have any doubt about the actions they should take. By Order of the Board Lim Kuoh Yang Chief Executive Officer
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Rookiegal Member	25-Aug-2016 18:00        Rookiegal About Contact  Quote this Post!
x 0   x 0  Alert Admin	You sound very confident about tomorrow.  dragonboy76      ( Date: 25-Aug-2016 17:43) Posted: The buying and selling at end of trading days often is due to speculating or profit taking effect and not really bad news out. The news will out soon, I believe. Tomorrow
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muifan Supreme	25-Aug-2016 17:47        muifan About Contact  Quote this Post!   Yells: "Take the leap of faith dont regret 20 years later!"
x 0   x 0  Alert Admin	mai la...announce after yellen la...then i can hop in haha Eagle88      ( Date: 25-Aug-2016 17:46) Posted: dragonboy76      ( Date: 25-Aug-2016 17:43) Posted: The buying and selling at end of trading days often is due to speculating or profit taking effect and not really bad news out. The news will out soon, I believe. Tomorrow
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Eagle88 Supreme	25-Aug-2016 17:46        Eagle88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	dragonboy76      ( Date: 25-Aug-2016 17:43) Posted: The buying and selling at end of trading days often is due to speculating or profit taking effect and not really bad news out. The news will out soon, I believe. Tomorrow
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muifan Supreme	25-Aug-2016 17:45        muifan About Contact  Quote this Post!   Yells: "Take the leap of faith dont regret 20 years later!"
x 0   x 0  Alert Admin	but i hope good announcement.. then all here huat ah :) Eagle88      ( Date: 25-Aug-2016 17:43) Posted: its ok..nothing is 100%...someone i know just passed away few months ago at young age 50+ due to heart attack....just normal reaction to put across my view...selling house takes ages to get the money...getting loan is faster...lol... muifan      ( Date: 25-Aug-2016 17:36) Posted: relax bro.... i only trying to say nothing is 100% ... i offer my view base on the price reaction today.. if confirm aquisition , then can sell house and buy liao now haha
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Eagle88 Supreme	25-Aug-2016 17:43        Eagle88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	its ok..nothing is 100%...someone i know just passed away few months ago at young age 50+ due to heart attack....just normal reaction to put across my view...selling house takes ages to get the money...getting loan is faster...lol... muifan      ( Date: 25-Aug-2016 17:36) Posted: relax bro.... i only trying to say nothing is 100% ... i offer my view base on the price reaction today.. if confirm aquisition , then can sell house and buy liao now haha Eagle88      ( Date: 25-Aug-2016 17:31) Posted: people already said doing paperworks now... if tak jadi why need to prepare paperworks? just simple announcement to say no longer want to proceed with the plan lor as now it already left few days for 2 months deadline...more over the price now is discounted of the Pulai acquisition...it is just purely based on the unlimited mining....BP oso goes up liao...
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dragonboy76 Master	25-Aug-2016 17:43        dragonboy76 About Contact  Quote this Post!
x 0   x 0  Alert Admin	The buying and selling at end of trading days often is due to speculating or profit taking effect and not really bad news out. The news will out soon, I believe. Tomorrow
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FreedomAngelz Veteran	25-Aug-2016 17:38        FreedomAngelz About Contact  Quote this Post!
x 0   x 0  Alert Admin	*refreshing sgx every 1 minutes*
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muifan Supreme	25-Aug-2016 17:36        muifan About Contact  Quote this Post!   Yells: "Take the leap of faith dont regret 20 years later!"
x 0   x 0  Alert Admin	relax bro.... i only trying to say nothing is 100% ... i offer my view base on the price reaction today.. if confirm aquisition , then can sell house and buy liao now haha Eagle88      ( Date: 25-Aug-2016 17:31) Posted: people already said doing paperworks now... if tak jadi why need to prepare paperworks? just simple announcement to say no longer want to proceed with the plan lor as now it already left few days for 2 months deadline...more over the price now is discounted of the Pulai acquisition...it is just purely based on the unlimited mining....BP oso goes up liao... muifan      ( Date: 25-Aug-2016 17:23) Posted: it is not 100% that the announcement is good bro... even an extension of deadline or complications in aquisition there will be a sell off... if you can hold then also doesnt apply to u haha
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Eagle88 Supreme	25-Aug-2016 17:31        Eagle88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	people already said doing paperworks now... if tak jadi why need to prepare paperworks? just simple announcement to say no longer want to proceed with the plan lor as now it already left few days for 2 months deadline...more over the price now is discounted of the Pulai acquisition...it is just purely based on the unlimited mining....BP oso goes up liao... muifan      ( Date: 25-Aug-2016 17:23) Posted: it is not 100% that the announcement is good bro... even an extension of deadline or complications in aquisition there will be a sell off... if you can hold then also doesnt apply to u haha   Eagle88      ( Date: 25-Aug-2016 17:20) Posted: someone w/o holding power even with announcement around the corner...giving chance to those who are lucky to pick up really2 cheap again...may be waiting for my fund to come in just in time...
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muifan Supreme	25-Aug-2016 17:28        muifan About Contact  Quote this Post!   Yells: "Take the leap of faith dont regret 20 years later!"
x 0   x 0  Alert Admin	yah thanks forgotten today open lower haha.. there is a chance ...i mean a chance...will test 55.. if you know what i mean ... Charlyn      ( Date: 25-Aug-2016 17:27) Posted: unlikely bearish engulfing lah ...opening already lower than yesterday closing. long legged doji today ...needs confirmation tomolo lah. But u r so right   ... have to be alert tomolo ... either ways tomolo  muifan      ( Date: 25-Aug-2016 17:14) Posted: I understand that with vested interest, sometimes you can be very biased. Look at the last 3 closing, 2 spinning tops at the top and heng today never close 585  if close 585 is bearish engulfing. Just be alert and stop loss for those on contra when needed. I am offering view just base on TA... doesnt apply if any good news announce, good luck...
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Charlyn Veteran	25-Aug-2016 17:27        Charlyn About Contact  Quote this Post!
x 0   x 0  Alert Admin	unlikely bearish engulfing lah ...opening already lower than yesterday closing. long legged doji today ...needs confirmation tomolo lah. But u r so right   ... have to be alert tomolo ... either ways tomolo  muifan      ( Date: 25-Aug-2016 17:14) Posted: I understand that with vested interest, sometimes you can be very biased. Look at the last 3 closing, 2 spinning tops at the top and heng today never close 585  if close 585 is bearish engulfing. Just be alert and stop loss for those on contra when needed. I am offering view just base on TA... doesnt apply if any good news announce, good luck...
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Eagle88 Supreme	25-Aug-2016 17:24        Eagle88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	where did you queue? Just4win      ( Date: 25-Aug-2016 17:06) Posted: Too bad.. I was not able to grab it.. despite queueing since this morning       FreedomAngelz      ( Date: 25-Aug-2016 17:01) Posted: wah....last minute someone sold 300 lot at 0.585
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muifan Supreme	25-Aug-2016 17:23        muifan About Contact  Quote this Post!   Yells: "Take the leap of faith dont regret 20 years later!"
x 0   x 0  Alert Admin	it is not 100% that the announcement is good bro... even an extension of deadline or complications in aquisition there will be a sell off... if you can hold then also doesnt apply to u haha   Eagle88      ( Date: 25-Aug-2016 17:20) Posted: someone w/o holding power even with announcement around the corner...giving chance to those who are lucky to pick up really2 cheap again...may be waiting for my fund to come in just in time... dragonboy76      ( Date: 25-Aug-2016 17:08) Posted: maybe he bought at 0.58. kana scared his heart out seeing price drop so fast.
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Eagle88 Supreme	25-Aug-2016 17:20        Eagle88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	someone w/o holding power even with announcement around the corner...giving chance to those who are lucky to pick up really2 cheap again...may be waiting for my fund to come in just in time... dragonboy76      ( Date: 25-Aug-2016 17:08) Posted: maybe he bought at 0.58. kana scared his heart out seeing price drop so fast. FreedomAngelz      ( Date: 25-Aug-2016 17:01) Posted: wah....last minute someone sold 300 lot at 0.585
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