CNMC - Gold Mining Company on SGX

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06 Dec 2013 17:49 #18056 by Mel
CNMC is venturing into tin - mining with a solid govt-related body in Perak.

infopub.sgx.com/FileOpen/PR_JV.ashx?App=...cement&FileID=266986

Announcement will be positive for investors, as the diversification will help balance the risks of gold mining. The gold price has fallen and it's weighing on the stock price of CNMC.

The first year will not see any meaningful $ contribution to CNMC's P&L, I guess. The catalysts for the share price will come from discoveries and plans to extract tin.

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07 Dec 2013 15:11 #18067 by Mel
Quigg:
Well, I think that there is again, a lot of factors that people can’t quite put their hands on. And again, the biggest factor probably is the uncertainty in the market place. We think there has been resolution to the debt ceiling; we think there are a lot of things that will
become resolved.

But unfortunately, uncertainty tends to rear its head when you least expect it. And that again is an environment in
which gold has traditionally done well and, put it another way, as you’ve noted this year, the equity markets are up over 25%, gold is down over 30% compared to its high. Which seems like a relatively better buy right now?


(Kevin Quigg, Global Head of ETF Sales Strategy, State Street Bank & Trust)

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11 Dec 2013 22:36 #18118 by Poh
Marc Faber says: Buy Gold!

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16 Dec 2013 12:37 - 16 Dec 2013 12:45 #18175 by Poh
luv this one, just declared a 0.1 c dividend. and they want you to know the outlook for the company is optimistic.

infopub.sgx.com/FileOpen/Dividend_PR.ash...cement&FileID=267820

Highlights:
 First gold mining company on the Catalist board of SGX-ST to pay out dividend

 Sokor Gold Project is expected to continue to create strong cash flow for the Group in the next 12 months supported by the increase in leaching capacity and implementation of cost optimization programs

 CNMC believes in equal priorities on rewarding shareholders and pursuing growth opportunities

 Positive outlook expected in the coming 12 months for Sokor Gold Project
Last edit: 16 Dec 2013 12:45 by Poh.

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16 Dec 2013 14:40 #18178 by GEO
Anyone looking at wilton resources (aka hartawan) which is also a gold mining company? Is it bigger than cnmc in terms of measure resources and probable resources?

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20 Dec 2013 15:21 #18255 by Poh
How to Keep Banks From Rigging Gold Prices

www.bloomberg.com/news/2013-12-19/how-to...ing-gold-prices.html

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