CNMC - Gold Mining Company on SGX

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8 years 10 months ago #21569 by Joes
After reading Marc Faber, I want to buy CNMC (25 cents).

Market doomsayer Marc Faber: Gold will rally 30% in 2015

www.marketwatch.com/story/market-doomsay...0-in-2015-2015-01-13

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8 years 10 months ago #21573 by SWN
Are you able to get it at 25 cents?

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8 years 9 months ago #21667 by Joes
No tailwind for CNMC. Why?

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8 years 9 months ago #21784 by pine

pine wrote: Gold price at US$1,230 currently -- very profitable still for CNMC as its all-in sustaining costs is very low at US$585 per ounce


Last I checked, gold price was Us$1,200/oz. Very good price for CNMC, which is why it is flush with profits.

Balance sheets = CNMC has US$12.3 m cash on hand (up from Us$3 m a year ago), and minimal debt! CNMC pays out dividends,,, small still at 1.9% historical yield. but ... it should pay more going fwd. hopefully

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8 years 9 months ago - 8 years 9 months ago #21792 by John Teo
Indeed cnmc is significantly undervalued. it has a low all in cost of 700 plus versus the average all in cost for all miners around the world of 1100-1200. all in cost accounts for all cost(including capex) except for tax and interests. And since cnmc has a tax exemption and pays no tax, and has negligible debt. all in cost basically represent all its necessary cost. with gold price at 1200. it has big fat margins. now lets not forget that production is increasing, reserves may increase, and importantly since company is a cash cow, it may acquire other assets/ pay out divideds.

i think the current low price is because the of negative sentiment surrounding certain other gold stocks on the exchange. it will take time for sentiment to recover and for market participants to understand that the company is a solid company with good fundamentals, churning out profits and not a fly by night company. in the mean time smart money are already accumulating the stock. after all its the only listed (solid fundamentals) sgx company that offers exposure to gold.
Last edit: 8 years 9 months ago by John Teo.
The following user(s) said Thank You: pine

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8 years 1 week ago #22690 by pine
Coming to end-2015, CNMC still not appreciated. Share price dipped a bit more ... 19.1 cents is a steal. I see Nextinsight going to cover again this counter. Hopefully, CNMC can continue to raise the dividend payout.

CNMC GOLDMINE: High-margin & profitable gold miner that's overlooked

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