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CNMC A Potential Gem Or an Empty Shell ?
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elisa28
Member |
14-Dec-2011 10:19
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Have the company report any news yet??? Vested
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risktaker
Supreme |
13-Dec-2011 09:52
![]() Yells: "Sometimes you think you know, but in fact you dont" |
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We all know that GOLD is the  most valuable assets in the world & Recently BEHRE DOBEAR Australia Pty Ltd did an estimated on CNMC gold resources  and the report shows  CNMC has double its  gold reserve. So what does it mean to investors? 1) This could well mean that CNMC is undervalue..... if the underlying findings are true as we know BEHRE DOBEAR estimates are just based on the samples CNMC sent to them. 2) We all know that in Malaysia you got to have connections to some big shot to have good business opportunity.... Do you guys know that CNMC yet to have a mining license over to its mines ? This is most worrying even though they have the connections but still they dont have the mining license to the site..... What will happen if more gold are discover and the owner raise their demands....  CNMC is  at a disadvantage position.  3) CNMC has delay its release of its results to 14 Dec 2011. We expect  CNMC still making a loss  but this time its increase gold reserve will be  more clearly stated. 4) CNMC has projected to increase its production to 30,000oz next year.... A revenue of US$48million if they sold it at 1600 per oz.. Whats  their  actual margin of this ? ( the cuts from various party + the production cost  ) very little. It will really depends on how they manage their production cost and the agreement fee payable to those involved party. So whats left to the share holder? There are any questions in this company with no concrete answer.... and they are able to list.... very strange.....     |
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