Share Name Share Symbol Market Type Share ISIN Share Description
Chaarat Gold LSE:CGH London Ordinary Share VGG203461055 ORD USD0.01 (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.23p +2.48% 9.50p 9.89p 9.99p 10.50p 9.48p 9.75p 1,812,360.00 16:29:07
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -3.1 -1.1 - 25.93

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Date Time Title Posts
17/1/201713:38Chaarat Gold Holdings (AIM: CGH)4,629.00
21/5/201212:08Talks with Government-

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Chaarat Gold (CGH) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
17/01/2017 16:40:569.5094,7028,996.69O
17/01/2017 16:37:269.5094,7028,996.69O
17/01/2017 16:35:259.5025,7752,448.63UT
17/01/2017 16:29:539.9416,4631,636.42O
17/01/2017 16:28:009.507,528715.16AT
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Chaarat Gold (CGH) Top Chat Posts

Chaarat Gold Daily Update: Chaarat Gold is listed in the Mining sector of the London Stock Exchange with ticker CGH. The last closing price for Chaarat Gold was 9.27p.
Chaarat Gold has a 4 week average price of 9.30p and a 12 week average price of 9.60p.
The 1 year high share price is 13p while the 1 year low share price is currently 4.25p.
There are currently 272,935,389 shares in issue and the average daily traded volume is 78,690 shares. The market capitalisation of Chaarat Gold is £25,928,861.96.
oli12: Sadly despite the "world class asset" here the share price of Chaarat has been below 10p for a long time and largely ignored by the market. Dubious management, geopolitical concerns and lack of funds to even start small scale production means that in reality offers of 15p - 20p would tempt many. I think given the recent placing price 10p is cheeky but gives us a level for Labro to aim at if they want control.
highly geared: It would be oversubscribed at 5.25p wouldn't it as a nice discount from the 8p it was 2-3 weeks ago. So the placees have been able to forward sell; hence the share price collapse during the same period. Hoe to take a world class asset and trash its value and shareholders into the bargain whilst taking new shares on highly preferential terms. Sick to the back teeth of GGH , the sooner Dekel is out the better.
highly geared: Nobody wants Cgh with 7 million oz and now the share price is holed again as the " make it up as we go along" strategy continues. I suppose options were limited with the Chinese apparently not interested but we are essentially stuck here for another 3 years with dilution to come if debt funding not forhcoming. Yes, someone please buy us!
richgit: Highly geared. We certainly do not want any bid from opportunism in a World that without being Hysterical could definitely see $10,000 per ounce in time to come To me it is just the continuing path of $250-$1900, with a pause, and then $1900 and beyond. I want CGH ,in the words of Mr Gold,to be one of the stocks "We never sell" Mr Golan only has to come up with that low Capex plan to produce some Gold (any Gold)and the "never sell" would be the potential. We know that the hindsight of Gold just holding in a $1300-$1400 range would then eventually have all the Money Mr Golan wants leading a path to His door. Just give us that dream/reality that He can do it and the share price to raise that small Capex will be there- and more !! All asssuming the Central Planners haven`t thought up some new scheme to pause the Gold stampede,but then CGH can make money at the worst the delinquents could dream up. So Mr Golan only has to prove that CGH can produce and that the Kyrgs are not quite the Gangsters some self appointed Gurus suggest they are. The real Gangsters are in the West !! IMHO
highly geared: With CGH having a 7,000,000 Oz JORC resource with a large proportion in Measured and Indicated category + the DFS in place and optimised, it's somewhat bizarre that CHG is valued around £20 million. But,it's all about the mine finance. Now, with gold having broken out of the 5 year bear downtrend and all the signs of NIRP and more easing on the cards, things appear set up for a 2008-11 re-run. This infers gold "in the ground" will start to be valued again and I re-call $50/oz not being uncommon last time around and a lot more. Take a resource to DFS stage then the value increases considerably ,as shown by the DFS NPV calculations. If gold carries on, CGH will be taken out if it cannot secure initial financing to start the mine and for multiples of the current share price. For anyone with patience (1-2 years) and assuming we will see gold north of $1500 in the next 6-12 months and probably much sooner at this rate, anything under 10p/share has to be the bargain of the century. Consider 5 million mineable oz with a margin of c.$1000 in a bull market ($5 billion cumulative operating profit) and the mind boggles. The AISC from the DFS is bottom quartile..! I've just bought more.
juju44: The huge lift in share price on the news says all we need to know about this rubbish
highly geared: I think the quoted AISC was around $645/oz. Assuming POG gradually rises and is stable around $1500 by 2017 (will probably get there in the next 2 months at this rate) then net profit per oz of around $855. Assume around half the JORC is converted to mineable reserve, then 3,000,000 oz x $845 = $ 2.535 billion LOM income. Assuming more bullish mine development costs of say <$500 million, net LOM profit is approaching $2 billion. I think the NPV figures will look unbelievable in terms of current share price with POG at $1500 due to profit leverage... On a yearly basis ,say 100k oz on similar metrics will generate $84.5 million operating profit. If gold does, as now appears more likely, move toward $1500, CGH will have no issues financing then mine and once operational, will be valued around £465 million assuming conservative PE of 6-8 based on long LOM. Much needs to fall into place but a 30x bagger potential from current levels. Put another way , if you think POG is going to make a sustainable move, CGH has to be the "buy of the century" at current levels, simply because the work, cost and time (5 years) of proving up a multi-million oz world class JORC and the DFS have already been done. Cash to operate has been mentioned in negative terms- simple really. Let the share price appreciate on bullish outlook for gold , then dilute 5-10% and raise £3-4 million to tide the 12-18 month period to get the mine up and running. All IMO. All the best
bluebell1: Directors hold over 11% of the stock (plus Golan owns 5%+) they have a vested interest here, not like many co.s out their where the bod hold on average less than 2% of the stock. If they were going for a cash call they would push the share price higher first. This hasn't happened, there has been naff all volume even over the last 6 months on whole the volumes the share price has been walked down on are ridiculous. But we who take our positions must stand by them.
donpatrol: Its a bit more than that juju. Cash must be down to around £2.5 million, not that they ever had enough to get going but we thought that we would have the dfs by now and would be negotiating funding/farmout/sale or partnership of sorts. I don`t agree that the location is a factor, if anything its in our favor with regards to cheap labor costs, a willing government etc. Its down to the speed of execution so while we are in limbo the board of directors have turned into silent dummy's which is not helping. As for the share price, very little volume has gone through over the last 6 months so the quote is neither here nor their. My guess is the share price should be at around 10p because they could easily sell the assets for $50 million and walk away.
golddigger1111: purple11 – right lets be clear on a couple of things. we both see value in cgh (5m odd oz, low operating costs, production near term) – so our views are not a million miles apart. despite all this and a decent gold price cgh share price has lagged other junior gold miners and there doesnt appear to be the interest in the company that youd expect. so why is this. my view and this is what my posts have been getting at is that its down to the mgmt team and especially dg. he doesn't have mining experieicnwe, got rid of the one bloke on the team who did, doesn't appear to be prepared to do whats necessary with the city (wheres the analyst coverage?) and cant be trsuted to get this deal with shandong done. where are the updates on progess to production? whether 3 montsh is a long or short time to get a deal done with shandong why cant they provide us with an update on how talks are progressing? ive said it before and ill say it again cgh has a cracking asset and could make us all a lot of money but in my view the mgmt team is holding it back. we need someone appoionted who can get this asset into production because i don't think dg can.
Chaarat Gold share price data is direct from the London Stock Exchange
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