Refer to their AGM agenda, they seek approval from share holder for share buy back + there's is an attachment regarding share buy back scheme...check out their announcement...
So should we sell the shares back to them? or should we/can we hold the shares? I am new to such scheme. It will be good to hear some advices from the expert.
Take a look at FSL Trust's recent price movement, if u wish to see how share buy back impacts share price. Of coz, management has to execute its mandate and not just sit on it and do nothing. I believe cnmc has the financial muscle to do it.
need patience...i believe stock price will up 3 to 5 fold...watch the global gold price...now gold price is near bottom, once rebound...heh...heh...heh...
You are welcome...On top of the site, look for 'BLOGS', click it, there is 1 blogger 'Erin'. she will always write up article every few days doing analysis of US stock index, Gold, Bond, Oil...check it out
I found that the description is very similar to the price pattern of CNMC. Now seems like accumulation phase. You can check the chart thru Yahoo Finance with ticker 5TP.SI , expand the chart to Max.
Yesterday CNMC printed a large inverted hammer with above average volume...very high chance it is a bottom reversal...we shall see what happen today...
SINGAPORE (June 29): KGI Fraser Securities has reiterated its "buy" call for CNMC Goldmine Holdings, with a revised target price of 51 cents. The previous target price was 48 cents.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
alex2012
84 posts
Posted by alex2012 > 2015-04-13 08:56 | Report Abuse
Good time for CNMC is coming, they planing for share buy-back & issue bonus share...so this is how they want to spend their money...:)