Latest Forum Topics /
CNMC Goldmine
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Goldminer
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kye_lin
Master |
22-Dec-2025 09:14
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Shortists take chance... | ||||||
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Barcalo
Master |
22-Dec-2025 09:06
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See how the price recover from 1.01 low till now.... 😂
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kye_lin
Master |
22-Dec-2025 09:06
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Good chance to buy more.... | ||||||
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Barcalo
Master |
22-Dec-2025 09:00
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No worries, that's how they collect cheap cheap from you. They know Gold going to fly, so will CNMC too. | ||||||
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hmphie
Veteran |
22-Dec-2025 08:32
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If your average price is low like those who bought earlier between 50cts - 70cts, then this dip does not matter much. SSHs probably only support at the absolute troughs...no point wasting their hard earned monies.
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kye_lin
Master |
22-Dec-2025 08:06
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Gold cheong this morning. Which way will Goldmine go?? | ||||||
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prophetjul
Master |
22-Dec-2025 08:02
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Updated with Tax sting: Tax hit = $7.31 million Adjusted Net profit = $52.65 - 7.31 = 45,34 million Earnings per share = $0.112 Earnings per share SGD = SGD0.145   
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SmallSmall
Supreme |
21-Dec-2025 23:49
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Insiders have been selling. And that is a reported fact. Who knows the company better?   |
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wehuattogether88
Supreme |
21-Dec-2025 11:08
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The big bosses will buy more with the coming announcements of FY results and fat dividends.
Whether you like it or not, gold price and gold futures will keep the momentum and goes up higher in the new year 2026
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muifan
Supreme |
20-Dec-2025 17:33
Yells: "Take the leap of faith dont regret 20 years later!" |
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It?s clear that the bbs knew this all along ? that explains why the smart money left long ago..whether impact or not not impact by Feb most probably will become another xmh?already very lucky the boss did not sell more ?
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Klein_Yeoman
Senior |
20-Dec-2025 17:33
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Yeah. Hopefully the current price has factored in this tax thing.
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Joelton
Supreme |
20-Dec-2025 13:56
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CNMC plans to appeal against additional tax assessment of RM29.6 million imposed on Malaysian unit
The notices were raised in relation to the disallowance of management fee expenses paid by the subsidiary to the gold-mining company
[SINGAPORE] A Malaysian unit of CNMC Goldmine has been slapped with additional income tax and penalty amounting to RM29.6 million (S$9.4 million) for the years of assessment 2019 to 2024. The Catalist-listed gold-mining company said on Friday (Dec 19) that it intends to file an appeal.
 
The notices of additional assessments were issued by the Inland Revenue Board of Malaysia (IRBM) to CMNM Mining, the company&rsquo s 81 per cent-owned subsidiary in Malaysia.
 
The total amount includes RM18.5 million worth of additional income tax, imposed at a rate of 24 per cent. The remaining RM11.1 million is a tax penalty charged at 60 per cent of the additional income tax.
 
These notices were raised in relation to the disallowance of management fee expenses paid by CMNM to CNMC, for services rendered by CNMC to support its subsidiary&rsquo s operations, said the company in a bourse filing.
 
CNMC noted that IRBM has taken the view that such management fees are not deductible under Section 33(1) of Malaysia&rsquo s Income Tax Act 1967, as the expenses were allegedly not within the regulation&rsquo s ambit. The company added that the authority had not provided a clear basis for this.  
 
It pointed out that Section 33(1) provides that expenses incurred wholly and exclusively for the production of gross income is deductible.
 
The Malaysian subsidiary can lodge an appeal if it disagrees with the assessments.
 
&ldquo Based on the professional tax advice obtained, the group strongly disagrees with the aforesaid tax liability, and is of the view that it has a good basis in law to contend that the IRBM&rsquo s basis for issuing the said notices is erroneous,&rdquo said CNMC.
 
&ldquo The group has appointed its tax solicitors to file an appeal and challenge the notices, and will do so within the statutorily prescribed timeline.&rdquo
 
The notices are not expected to have a material adverse impact on the group&rsquo s going concern or operational viability, it added.
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kye_lin
Master |
20-Dec-2025 13:09
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· Amount: RM 29.57 million (approx. USD 7.21 million) · Years: 2019?2024 (retroactive for 6 years) · Nature: Additional income tax + 60% penalty · Issue: Disallowance of "management fees" paid to the parent company (CNMC Goldmine Holdings Ltd.) as deductible expenses. · Company Stance: Strongly disagrees, will appeal. · USD 7.21 million is not a small amount for a small-cap gold miner like CNMC (market cap ~SGD 130 million). · Could represent a significant portion of annual net profit (check latest annual report). · If the appeal is lost and payment is required immediately, it could affect exploration, development, and capital expenditure. ?The Notices are not expected to have a material adverse impact on the Group?s going concern or operational viability.? · The company is actively reassuring the market that it can withstand this shock. · ?Going concern? is a key audit term?using it suggests confidence. · The company has engaged tax lawyers and believes it has strong legal grounds for appeal. · Malaysian Income Tax Act Section 33(1) allows deduction of expenses ?wholly and exclusively incurred in the production of gross income.? · The dispute: IRBM (Malaysian tax authority) claims these management fees do not qualify. · The appeal process could take 6 months to 2 years usually no payment is required during this period (unless the court orders a guarantee). | ||||||
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hmphie
Veteran |
20-Dec-2025 12:56
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Kelong or not it's a $9million tax hit if appeal not successful?
Do note that CNMC only said 'are not expected to have a material adverse impact on the Group's going concern or operational viability'. Thus not clear if the coming results and net profit in Feb will be affected?
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muifan
Supreme |
20-Dec-2025 10:54
Yells: "Take the leap of faith dont regret 20 years later!" |
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You have answered the qn of why the stock is not moving together with gold price Liao cheers
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Klein_Yeoman
Senior |
20-Dec-2025 09:53
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Kelong lai liao. They will push the price down to $0.90? The whole knows CNMC going to release fantastic full year earnings in February. The whole knows gold price will definitely hit $5000 an ounce. This hour comes out with such news? No kelong? 😆
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hmphie
Veteran |
19-Dec-2025 22:14
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NOTICE OF ADDITIONAL ASSESSMENT FOR THE YEAR OF ASSESSMENT 2019 TO
2024 RECEIVED BY CMNM MINING GROUP SDN. BHD. FROM THE INLAND REVENUE BOARD OF MALAYSIA The Board of Directors (the ?Board?) of CNMC Goldmine Holdings Limited (the ?Company?, and together with its subsidiaries, the ?Group?) wishes to inform shareholders that an 81%- owned subsidiary of the Group in Malaysia, CMNM Mining Group Sdn. Bhd. (?CMNM?) has received Notices of Additional Assessment dated 14 December 2025 from the Inland Revenue Board of Malaysia (?IRBM?) in respect of the Years of Assessment 2019 to 2024, amounting in aggregate to RM29,570,977.92 (approximately US$7,211,0001 ) (?Notices?). Breakdown as below: Ref Amount (RM) Additional income tax @24% (A) 18,481,861.20 Tax penalty @ 60% of the additional income tax (B) 11,089,116.72 Total payable per Notices (A) + (B) 29,570,977.92 The Notices were raised in relation to the disallowance of management fee expenses paid by CMNM to the Company, for services rendered by the Company to support its subsidiary?s operations. The IRBM has taken the view that such management fees are not deductible under Section 33(1) of the Income Tax Act 1967 of Malaysia (?MITA?), on the basis that the expenses were allegedly not within the ambit of Section 33(1) of the MITA, without providing a clear basis. Section 33(1) of the MITA provides that expenses incurred wholly and exclusively for the production of gross income is deductible. The Notices state that, should the Malaysian subsidiary disagree with the assessments, an appeal may be lodged with the Director General of Inland Revenue within the prescribed timeline. Based on the professional tax advice obtained, the Group strongly disagree with the aforesaid tax liability and is of the view that it has a good basis in law to contend that the IRBM?s basis for issuing the said Notices is erroneous. The Group has appointed its tax solicitors to file an appeal and challenge the Notices, and will do so within the statutorily prescribed timeline. The Notices are not expected to have a material adverse impact on the Group?s going concern or operational viability. 1 Based on the RM/USD middle rate quoted by the Malaysian Central Bank on the next business day The Company will make further announcements as and when there are material developments in relation to the matter. Shareholders who are in doubt as to the action they should take should consult their stockbroker, bank manager, solicitor, accountant, or other professional advisers. |
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ozone2002
Supreme |
18-Dec-2025 14:39
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DCA CNMC massively folks! dyodd   XAU vs Gold will then rise another  60%  from that level just to get back to the decades long median of  26%. |
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ozone2002
Supreme |
18-Dec-2025 11:23
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underlying gold is up, gold miners such as barrick and Newmont are also up cnmc is a laggard market maker is sleeping or letting their client collect cheap https://www.cnbc.com/2025/12/17/silver-climbs-to-65-for-first-time-gold-rises-as-us-unemployment-rate-rises.html |
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muifan
Supreme |
18-Dec-2025 09:50
Yells: "Take the leap of faith dont regret 20 years later!" |
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Sure Bo few days ago you saying this  
from sour to cheer leading , long Liao is it ? Hahaha
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