CNG.L Share Price (CNG)

Production restarts this week, so wasn't very long. Bounce back from 1.6p to over 3p?

StockBox interview https://www.youtube.com/live/wTLiFhYzcxQ?feature=share - 16/17mins in.

It is obvious Gold is buying Gold and CNG is the perfect fit - 100% owned Gold mine, good grade and good ore production and sales.

This stock was trading 10-15p not long ago and the 76% owners wont be diluting the stock anywhere near these levels imo.

Don’t invest then is the simple answer.

With mining operations ceased & power supply cut due to the avalanche, cashflow will be effectively frozen for whatever period we dont yet know. CNG needs to find $20m from somewhere to repay that 3 month bridge finance in April or else they will be in default, outlook looks decidedly dodgy

With over 75% of the company in TR1 hands and the majority Chinese national trading investors this looks like it has the upside of a squeeze like it has the downside in recent months. Gold now above $1,900 the future looks very bright for gold producers and this being a UK listed company and £10m m/c with 75%+ tied up.

Large spread at these levels with the market not sure how to trade - but any buying will move this back up to 6-15p very quickly imo. Looking for an entry.

Company has drifted, as has the share price.

Poor previous update, no real progress, tax issue to address, Chinese management harsh on the local workers which has entered the media, no sign of phase 2, communication remains zero with current shareholders.