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CNMC Gold Mining
28-12-2016, 08:33 PM. (This post was last modified: 28-12-2016, 08:35 PM by BlueKelah.)
Post: #131
RE: CNMC Gold Mining
Not bad man, u are very nimble 😀 steady pom Pepe, unfortunately i dun have this kind of skillz.

this kind of play on gold price is not easy to make money, very volatile.

I think if trump start war with China in South China sea gold will boom again. Otherwise usd continue up, gold continue down for next few weeks very likely.


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28-12-2016, 09:07 PM.
Post: #132
RE: CNMC Gold Mining
(28-12-2016, 08:33 PM)BlueKelah Wrote: Not bad man, u are very nimble 😀 steady pom Pepe, unfortunately i dun have this kind of skillz.

this kind of play on gold price is not easy to make money, very volatile.

I think if trump start war with China in South China sea gold will boom again. Otherwise usd continue up, gold continue down for next few weeks very likely.


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Just lucky really, if I can be so skillful don't need work liao haha. If no war and fed raise rates 2 more times in 2017 then ppl will rather hold cash than gold. Having said so, if the price of this counter reaches my estimated IV, then I will buy in again. I actually waited patiently for 2+ years in this counter before I could see light at the end of the tunnel.

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01-01-2017, 01:16 PM.
Post: #133
RE: CNMC Gold Mining
With dow closing below 20k and trump rally fading...gold could stage a rebound in q1 2017....

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01-01-2017, 02:55 PM. (This post was last modified: 01-01-2017, 03:03 PM by BlueKelah.)
Post: #134
RE: CNMC Gold Mining
(01-01-2017, 01:16 PM)wind22i Wrote: With dow closing below 20k and trump rally fading...gold could stage a rebound in q1 2017....
Actually I reckon it was just the usual year end Santa Claus rally window dressing by fund managers. They just call it trump rally make it sound nice. Now some sell off as they can make their fund look good.

The real action is usd going up, which usually means currency down.

In any case, I see a higher chance of emerging market currency going down more and usd continue uptrend.

Gold up only if china really starts a war with usa in South china sea.

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15-01-2017, 04:49 PM.
Post: #135
RE: CNMC Gold Mining
PROFIT GUIDANCE FOR FOURTH QUARTER ENDED 31 DECEMBER 2016

The board of directors (the “Board”) of CNMC Goldmine Holdings Limited (the “Company” or
“CNMC”, and together with its subsidiaries, the “Group”) wishes to announce that the Group
expects to report a net loss for the three months financial period ended 31 December 2016
(“4Q2016”).
This loss in 4Q2016 was mainly due to:
(1) net unrealised foreign exchange losses as a result of depreciation of Malaysian Ringgit
against US Dollar; and
(2) a decline in revenue as a result of lower ore grades.

...............

http://infopub.sgx.com/FileOpen/CNMCProf...eID=435714

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16-01-2017, 06:54 AM.
Post: #136
RE: CNMC Gold Mining
Wow lower ore grades, thought they had special recovery methods.

And gold is sold in usd, ringgit goes down will just lower production costs rite.

And all in cost is way below gold price, with increased production should be profitable rite.

Some more this quarter no stop order should make more money??

Lol really volatile...



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08-03-2017, 02:33 AM. (This post was last modified: 08-03-2017, 02:34 AM by lester.)
Post: #137
RE: CNMC Gold Mining
Hi, I was looking through CNMC FY2015 annual report and on page 118 of the annual report, the table mentioned that the total recovered gold was 29,645oz in 2015.

This is different from the amount of total production of fine gold produced by CNMC which stated 31,206oz in FY2015.

Can some expert provide insight on why these two figures are different?

Much appreciation in advance, thank you.

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