CNMC - Gold Mining Company on SGX

US$ is down -- negative for CNMC.
But gold price is up.
Ringgit is up vs USD -- positive for CNMC (which had forex loss on its ringgit holdings last year).

Bottomline -- don't know leh! No wonder stock is going nowhere.

Gold production by CNMC is increasing, maybe this is the key. Anyway, can only guess since no analyst or media tracks this company. Potential gem but don't know le

Looks awfully dirt cheap:


Free Cashflow: 22m SGD
Market cap: 110 m SGD
Cash: 30m SGD


PE: 7.0X
Share price: 27 cents

Result will be out on 10 May. Likely to be good as gold price and production level have gone up whereas " all-in" costs have been coming down.
Just sharing.

Vested

There is growing interest and awareness of CNMC. Maybe 1 more quarter of solid profits will do the trick -- ie, send the share price above 35 cents. The gold price should be steady, if not trending upward.

Burst thru the 30-c level!
CNMC closed at 32 cents on very heavy vol.
This is a 3-yr high!

Share w you some pointers on CNMC:

Gold price trading band from Jan 2016 to 16 June 2016
January $1063 to $1117
February $1138 to $1232
March $1231 to $1260
April $1222 to $1292
May $1213 to $1289
June (1st to 16) $1244 to $1293
You may notice that in the first quarter (Jan to Mar) gold price was traded
between a low of $1063 and a high of $1260, whereas in the 2nd quarter the
trading band was higher … from a low of $1213 to a high of $1293.
The higher price for gold should benefit CNMC.

All-in-cost
Below is a quote on company's "all-in-cost" taken from 1st quarter press release:
"The Company’s ongoing efforts to improve operational efficiency paid off once again
in 1Q2016, as its all-in cost of production fell below US$500 per ounce of gold for the
first time to a record low of US$487 per ounce. This was a 20.9% decline from its allin
production cost of US$616 per ounce in 1Q2015."

Gold production
A quote on gold production as appeared in 1st 2016 press release:
Revenue grew 7.1% to US$8.40 million as the Company produced and sold more
gold in 1Q2016. Output rose 11.6% to 7,271.35 ounces of fine gold as a result of
sustained productivity improvements at its three leaching yards and contributions
from a pilot run of its vat leach facility, which resumed operations in April 2016 after a
one-year refurbishment process. The higher output offset a 4.1% slide in the average
realised gold price in 1Q2016 as compared to 1Q2015.

Note: 1) Above are for info only. It is not a call to buy and sell. Pls do your own due
diligence as there are other factors affecting the company's profitability such as exchange rate fluctuations, other costs etc etc. 2) this writeup is also posted in ShareJunction. 3) Am vested.