Don't understand gold price is going up and why These ppl are selling ?
@Fistein:$CNMC Goldmine(5TP.SI)$ 1.50 Target Price, in times of global trade and geopolitical tensions. CNMC Goldmine's stock outlook for 2026 looks promising, with analysts predicting a potential upside. The current price is S$1.03, and some analysts have set a target price of S$1.34, implying a 12-month upside of around 30%. *Key Factors Influencing the Bullish Outlook:* - Gold Price: The company's performance is closely tied to
$CNMC Goldmine(5TP.SI)$ Our positive view on CNMC Goldmine has not changed. Our target price of S$1.34 is based on a 10-year discounted cash-flow on a long-term gold price assumption is US$3800. Earnings will further spike up from the 55% production jump over two years, and we expect special dividends. Source : Paul chew phillip security