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Mining/Resource Stocks: Canadian Miner- Mine is in China

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  1.  Report Post# 1
    I never buy penny stocks but I am interested in this one. It is a Canadian gold miner and the mine is located in China. China National Gold owns 40+%. The shares tanked when all the Western board members were replaced. They have had some production problems because they needed additional equipment-- they needed a crusher- I don't know if they got one. They have some really low interest loans in place, attributable to their relationship with China National Gold. The company is Jinshan Gold Mines Inc. On the Toronto exchange, the ticker is JIN. In USA, it trades under the symbol JINFF.

    If anyone is familiar with this company, please, share your opinion. Thank you.
    • CommentAuthorasafp
    • CommentTimeMar 27th 2009
     Report Post# 2
    Don't we all need a crusher now and then?
    • CommentAuthorDarrell
    • CommentTimeMar 27th 2009
     Report Post# 3
    I own this company and since IVAN sold their shares, this stock has tanked. Reports are few and far between since China National relaced the leadership. Jin has the two largest finds/mine in China and ran into trouble with some installation of milling equipment, that supposely is repaired. As to why the stock and or poduction is going no where,"unkown", many speculate that CNG is hoarding the gold and not reporting mining results correctly. I'm holding on to my shares because the gold is proven to be there.
    Thankful People: stockcrazy10
    • CommentAuthormxthy
    • CommentTimeMay 21st 2009
     Report Post# 4
    Is it a good time to buy JIN.TO? I guess that CNG should make use of JIN.TO in stock market and will make the stock price higher.
    • CommentAuthorDarrell
    • CommentTimeMay 22nd 2009
     Report Post# 5
    It's still way below value, however, something seems to be wrong, the price isn't moving.
    • CommentAuthorPatches
    • CommentTimeMay 26th 2009
     Report Post# 6
    I noticed that too Darrell. They seem to be back on track, yet the share price has not rebounded like other miners. It has moved up a little last week, and I read somewhere that the cost of production is still a little too high. But as soon as they get some good news, this stock should jump. Who knows when that will be.
    • CommentAuthorDarrell
    • CommentTimeMay 26th 2009
     Report Post# 7
    Unless China is manlipulating this deal, hoarding production, not reporting facts, etc....It just seems that a find this large and a second large find, should send the stock past this price and thay are pouring gold, supposely. Remember, thay have taken any leadership away from the Canadian Miners that found and built this mine.
    • CommentAuthorPatches
    • CommentTimeJun 10th 2009 edited
     Report Post# 8
    It looks like Jinshan is finally moving up to where it should be, up 46% to $1.10 in the last week on no pump or newsletter recommendation. The reason it was so devalued was bad management and a broken crusher, both of which have been replaced. This stock should move back up to it's normal range around $2.50 - $3 eventually. Whether that is happening right now or this is just a short term frenzy, Jinshan is worth looking in to as a long term play. Stock symbols are JIN.TO on the toronto exchange, or JINFF.PK on the pink sheets. Disclosure: I own shares.
    Thankful People: stockcrazy10
    • CommentAuthorDarrell
    • CommentTimeJun 10th 2009
     Report Post# 9
    patches, your are missing I believe. JIN.TO has the largest 2 gold finds in China and before Ivanhoe sold their shares, this was a $4 stock at worst estimates, then they found a second large deposit...When China bought Ivan's 42%, then forced out Canadian leadership, then chrusher broke down, Then reports of China Hoarding Gold and after almost a year, now the stock is finally moving up. Haven't checked, but are we getting any information from China management. I'm still holding, but I'm not happy with those folks. Maybe it is the cynic in me.
  12.  Report Post# 10
    It's not the cynic, it's the pragmatist in you. (China hasn't been especially trustworthy in the past.)

    Will JIN.TO report their profits honestly? Will the profits go to shareholders or the government?
    Thankful People: Darrell
    • CommentAuthormxthy
    • CommentTimeJun 17th 2009
     Report Post# 11
    Dropped to 0.96 today.
    Thankful People: stockcrazy10, Darrell

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