Chaarat Gold Share Discussion Threads

[casual47] 30/1/2017 13:47

A lot of Pi's hold their shares in ISA or SIPP. Delisting means they can no longer hold in these so they often sell.

It is very difficult to liquidate your shares when delisted as there is no longer an exchange like LSE main market. So most Pi's will sell all shares to make sure they can get their money back.

Look at past examples of shares that collapsed when RNS came out with news of delisting: many had losses of more than 60%

[jimbo35] 30/1/2017 13:28

Was wondering whether someone would be able to explain what the risks of delisting are to PIs and how we would loose out. Are there any thoughts on timelines if this were to eventuate. I hold a fair number of these at an average of just on 9p. They're the only real long shot I have in my portfolio so I've hung in despite the paper losses when it dipped. But like many am more than impatient and wondering whether to just be happy with a bit of a gain and move on.

[novicetrade68] 30/1/2017 12:28

New highs are coming by the looks if it....

[casual47] 30/1/2017 10:32

Yes. For holders it's a pretty good time to hold or reduce now.

For new PIs, unless they can beat the sometimes crazy spread and as long as they can get a price below what Labro paid, there could only be marginal profit in it for them with the risk of delisting added.

[asturius101] 30/1/2017 10:15

Yes, it's been a while - I was very close to cutting my losses at this time last year when the share price hit circa 5p but held and just focused on other things. Aiming to sell when / if it hits 30p...does look like it will go private though

[casual47] 30/1/2017 09:32

Good to see Labro's bid moving up. Save a calamity (like delisting) it should provide an almost gold plating to bottom support of share price at 11.45p

[casual47] 30/1/2017 09:26

Where have you been? It hit 13.45p in November before crashing back down to below 9 pence.

[asturius101] 30/1/2017 09:00

Crikey, can't believe we've come so far in a year - up almost 60pc yoy. Glad I held!!

[casual47] 28/1/2017 12:26

The immediate impact of an RNS announcing delisting is a near total collapse of the shareprice.

[rhuvaal2] 28/1/2017 09:57

A micro-cap stock I held was de-listed and I had forgotten all about it... a couple of years' later my broker called me to explain that I'd made a profit of around x 30 which shows what can be achieved by letting a stock go private...

[novicetrade68] 27/1/2017 23:33

I guess some of the negative posters here are all in on higher levels and sitting on huge losses hence the understandable bitterness. To me it does seem we'll be hitting 15p soon, the chart looks perky for starters. Remember the company is funded till Q1 18 so there is no reason for them to delist next month plus we have a buyer in the market. Takeover ? Sure, but the question is timing. If a take over happens in 2018 then there are still plenty of trade opportunities here.

Is Dekel a fraud ? He sure is, but it doesn't mean money cannot be made whilst he's collecting his $340k in the meantime. Juju will no doubt yawn this comment off (right ? ;-) ) , but this doesn't mean you mean you can not trade the ups and downs.

Waiting for the dream on reply, but be open minded guys.

[novicetrade68] 27/1/2017 14:53

Well, the bid has been steadily rising all week, so isn't that something to cheer about at least ?

[juju44] 27/1/2017 09:06

Golan is a complete incompetent who has allowed this co. to be taken from its owners for peanuts His salary however has not suffered

[daniel levi bmd] 27/1/2017 08:45

FYI

I can't believe investors at times? This was heavily tipped on

The info/tips are flying high on Jekyll & Hyde massive gains on them... Over 100% up...

Sign Up it's £6 a month!!! Not even a peanut.

Next set of tips in the pipeline... Can we make it 6 in a row?

Mr Hyde.

[richgit] 27/1/2017 08:37

casual47

I simply sit with a pile at what I consider whatever happens ( bar some unforeseen disaster) I will receive far more than I paid.

My main investment will be when they announce the terms of fund raising for the Mine (whatever the price)and then step up the investment further as things progress.


Admittedly I am not hoping for just some reasonable return,as I am hoping for
a multi year monster return on a percentage risk/reward.

Our Chairman is somewhat sending a message "if you want to sell below 10p-then thankyou " which may yet be 15-50p (who knows)after the DFS is released,as that
will be subject to initial Market sentiment and the then Gold price.

They are certainly possibly ensuring the Chinese or other do not get any "opportunistic" foothold.

For the moment my Money follows the Chairman`s desire for maximum return on the investment,plus what other Directors need to protect in holding.


Nobody has to agree,and that is up to them, as we all have different agendas and
opinion.

As Dekel suggests,this initial, at least 10 year potentially huge cash cow production,is as simple as it gets.........once you have the Money of course !!

[casual47] 26/1/2017 23:48

Good luck with your plan when they get investment after Labro has taken it private. But I guess that doesn't compute in your magnificent El Dorado world view.

[richgit] 26/1/2017 22:55

One things is for sure


Assuming the DFS confirms what is believed,and then they come up with plans for raising the $80 Million then you just have to be in on that price-whatever it is.

60-70000 Ounces per year at low cost production could see payback in fairly short order, from an initial operation that will more than probably continue beyond 10 years.

Even if the market is only looking at a convincing $1250 for Gold there should be huge appetite,and of course if $6000 by 2019 becomes a true foreight then gawd knows what CGH would be valued at in the future with the remaining 5Million + ounces to be in view.

Personally I do hope this becomes one of the stocks to virtually never sell,so
will not let go of my base case Investment.

Give us a green light for raising the Mine funds and I don`t care what the price is - I will grab what ever I can afford to buy.


Hard to predict anything in this crazy fantasy finance World,yet with that
10-20 year vacuum of lacking new major Gold resources,and World production declining, there is a reality on its way that cannot be covered up with
Paper Gold as London loses more control of the Physical Gold Market.



IMHO

[casual47] 26/1/2017 15:48

This will only go one way: takeover.

If they don't delist there should be a decent bid for PIs to surrender their shares now that Labro has started buying shares in the 10+ pence..

If they delist before takeover the share price will collapse as PIs will run for the door in droves in order to get out while they still have an exchange to get rid of their shares. This means Labro & Dekel and co can mop up the shares at even cheaper prices.

Delisting only needs a 75% majority vote of those present at AGM/EGM. Labro and directors nearly have 50% of the whole company and only a fraction of shareholders are likely to bother voting so 75% majority should be straightforward.

The question is: with the main shareholder seeming to have plenty of money and already having funded most of the capex of the company...what need is there to be listed? Seeing as companies are listed with as sole reason to access money from investors.

[juju44] 26/1/2017 12:56

Oh to have a half decent bid to get out of this mismanaged dog . What a corrupt farce

[novicetrade68] 24/1/2017 23:38

Ah ok, my mistake, from my memory they took part in the 50p placing somewhere in 2010, but they paid 25p then by the looks of it. I suppose we can only guess what their intentions are. Still, I do think there may well be further upside here.

[casual47] 24/1/2017 23:17

These two institutions had holdings below 3% so might be trickling:

Ruffer LLP held 8,191,950 shares as of 09/30/2016.
Baker Steel Capital Managers LLP held 1,228,430 shares as of 06/30/2016.

[casual47] 24/1/2017 23:08

They bought at 25p in 2009. Looks like they didn't add or sell since (at least as of December 2016).

They have been holding for 8 years. I imagine their internal book value for this shareholding has depreciated quite a bit since...

"NMIM will subscribe for 22,469,289 shares in the Company at 25p per share for a total consideration of £5,617,322"

[novicetrade68] 24/1/2017 23:01

I don't think they've sold anything yet, but they bought at 50p.

[casual47] 24/1/2017 22:56

How much have CNMIM sold down so far?