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
  +0.75p +4.29% 18.25p 17.00p 19.50p 17.25p 17.25p 17.25p 8,729 16:35:08
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -3.6 -1.2 - 49.81

Chaarat Gold Share Discussion Threads

Showing 5026 to 5048 of 5050 messages
Chat Pages: 202  201  200  199  198  197  196  195  194  193  192  191  Older
DateSubjectAuthorDiscuss
15/8/2017
13:22
I'm not a chartist but the chart from June onwards sure looks like an inverse head and shoulders....
casual47
15/8/2017
10:39
Bid now 17.25p . I make no predictions on this one. They have the gold but will it ever be delivered . I hold on in hope
juju44
15/8/2017
10:36
"down" is relative. The last transaction was 2,574 @19.0257p and the last sale was at 17.725p, nearly 0.5p above yesterday's sale prices. To be still getting sizeable buys at 19p nearly three weeks after the last RNS (holdings) and more than FIVE weeks after the last RNS with any sort of corporate update is an achievement in itself. Did you forget the bad old days with continuous drift? A few punters were convinced we'd be back down to 15p by now. Guess they were wrong, weren't they?
casual47
15/8/2017
10:20
yep , back down now . This is a real bummer
juju44
15/8/2017
08:57
I guess that confirms it: 63,276 @ 19p
casual47
14/8/2017
17:43
Sales seem to be outweighing buys yet they aren't dropping it below 17.25p. Maybe they are trying to fill an order? Could explain the 18.5625p that was paid for 2,645 shares?
casual47
11/8/2017
16:53
Smallest uncrossing trade I've seen on any share: 20,000 @17.75p
casual47
10/8/2017
14:43
No Labro consortium buys in a while. Surely can't be because there's no liquidity... Perhaps they are in a closed period, with e.g. drilling results coming in or finance negotiations under way?
casual47
09/8/2017
16:37
Thanks for that, casual
rhuvaal2
09/8/2017
14:06
From May 2017, similar data for White Cliff, who own 90% of the 302,000oz, 5.18g/t Aucu Gold Project in the Kyrgyz Republic, very close to where Chaarat sits. White Cliff Minerals EV Undiluted (A$m): $10.3 Global Resource (Mt):1.8 Global Au Grade (g/t): 5.20 Contained Au Moz Coy Share: 0.27 Ev/oz Au equity share: $37.67 <====== So EV/oz is more than three times higher than what CGH sits at now. The 2011 Liberium valuation of Chaarat mentioned that "average value of an unfunded Central Asian explorer is US$32/oz", this would value CGH now at $224m, or 48 pence per share...... Kitco's "The Real Value of Gold in the Ground" is worthwhile reading, especially if you bare in mind these two facts: (1) Chaarat has RESERVES of nearly 5 million Oz and (2) CGH's high grades (even free milling Tulkubash has cut off grades above 0.5g/t), hTTp://www.kitco.com/commentaries/2015-06-03/The-Real-Value-of-Gold-in-the-Ground.html I think the #1 conclusion here is that CGH, unfortunately, is being disproportionately discounted which possibly has a lot to do with Dekel and the team he has surrounded himself with, but also should CGH really get going and not c0ck it up somehow then the upside is H U G E
casual47
08/8/2017
23:11
Interesting table from a Kefi RNS earlier this year. Just another reminder of how crazy good Chaarat potential is.... In that RNS Kefi is referring to the average peer group EV/oz as being 26$/oz. Currently Chaarat is valued at around 11$/oz, that's around 60% discount.
casual47
07/8/2017
17:44
Agreed. I think the Kyrgyz gold mining industry in general is beginning in earnest now. There are a few projects, some near Chaarat, which are entering production about the same time as Chaarat. Until now it's mainly been soviet legacy mines (e.g Kumtor). hTTp://www.chaarat.com/userfiles/image/kyrgystan%20map%2028-10-15-01.png The China Gold mine perhaps being the most significant for Chaarat given the consolidation potential (it's within 10 miles of Chaarat). It could make sense to combine the deposits of Chaarat, China Gold and Highland Gold. It seems to me a lot of money can be saved by doing that. China Gold: hTTps://en.wikipedia.org/wiki/China_National_Gold_Group_Corporation
casual47
07/8/2017
17:22
I was tripling my holding here! Only joking, just saw your post actually with Linda's reply, makes very good reading and more importantly think this could tick a very important box for any loan provider here? For the country too it makes sense to have at least one smelter and it will be good for Chaarat as well, so systems go here hopefully very soon.
novicetrade68
07/8/2017
16:45
What's with all the small trades? 300, 915, 1000, 2000 That's between £50 and £345
casual47
04/8/2017
14:22
FYI, don't know if you guys spotted this in the recent RNS releases, but the Kyrgyz government is planning to build a gold smelter near Chaarat so they can boost the profit margin for their own state owned gold mine. It will have plenty of capacity so Chaarat would be able to use it also. One of the things that in the DFS inflated the costs of going to production for the refractory deposits (not Tulkabash) was the added cost of either sending ore to China for smelting (which made it un-economical) or the large up-front capex of adding an oxidation unit. Having a smelter nearby would take a huge chunk out of up-front and on-going capex costs. As this piqued my curiousity I sent off an email to Linda asking her if she had an update on this Kyrgyz smelter project and if they would update the DFS to add the scenario where they could use a local smelter. She got back to me today and copied the latest update on this as per the February RNS: “The government has initiated plans to construct a smelter near Chaarat. The smelter is to be built by a recently announced JV between Eti Bakir (www.etibakir.com.tr ) from Turkey (80%) and KyrgyzAltyn, the Kyrgyz Republic state-owned gold company (20%). This initiative, a priority project as emphasised by the Chairman of the State Committee of Industry, Energy and Geology in the meeting with the Prime Minister, will enable the processing of concentrate in the country. This could materially benefit Chaarat by reducing its capex requirements in the second stage processing of refractory ore.” Followed by: "I am not aware of any further update on the plans to build the smelter. Chaarat’s focus is now entirely on the development of the Tulkubash Heap Leach Project. Once we are in production we will consider how to continue the development of the deposit including the refractory ore." Perhaps I am reading more into this than there is but I think this means that anyone who had doubts that perhaps we would not be going into production should maybe reconsider. I also asked if we will be seeing the CEO/Chairman do media events soon -- she replied they are planning investor events for this autumn.
casual47
02/8/2017
12:55
Hardly any trades. Mostly the odd 1000/2000/5000, just a couple of hundred pounds worth every other day or so. I for one am happy for the ship to remain steady like this until we get news.
casual47
01/8/2017
15:19
Will be interesting to see what Abramovich-backed Highland Gold Mining will do with the Unkurtash gold deposit (which is next door to Chaarat). They released a scoping study couple months ago which showed it to be viable and profitable. hTTp://minexforum.com/en/kyrgyz-unkurtash-is-considered-profitable-in-highland-gold-s-scoping-study/ It has "only" 3.5Moz JORC at similar/lower grades to Chaarat (1.8g/t where I think CGH goes up to 4 g/t?). The scoping study projects an initial capex of US$322m. The project would revolve around two open pit mines. I am not knowledgeable enough to fully compare/contrast but as far as I can see the main difference, apart from CGH having double the gold resources, is that CGH has the advantage of having ~1 million oz of heap leachable oxide (Tulkabash).
casual47
31/7/2017
18:30
With most current "Live" Kyrgyz gold deposits projected to be depleted this decade you'd think the Kyrgyz government would be keen to be supportive of new mines being brought online.
casual47
31/7/2017
18:28
Novice, yep, that's exactly the point being made in the SeekingAlpha article re. where majors are looking next to buy: deposits near to their existing mines. Unless some big drama hits CGH then, imo, in the next 9 months either CGH will be starting construction to get ready for production following a project financing package or CGH will be bought out just before that happens.
casual47
31/7/2017
18:16
I think there are defnitely companies following Chaarat and where it goes from here. I remember three, four years ago that our beloved Dekel mentioned that Zijin Mining (the 3rd biggest gold producer in China) secured a large plot not too far away from the Chaarat deposit ie less than 30 miles away (he said less than 50km). Now I don't know what or if Zijin has done anything with that plot ever since, but if they have then maybe at some point there will be some 'synergies' between the two companies resulting in a nice little deal.
novicetrade68
31/7/2017
17:09
The most likely scenario, imo, is that e.g. a major the likes of Goldcorp swoops in with a buyout offer as soon as it becomes clear CGH is able to go it alone. Any such offer would be minimum 30 pence, imo ($150m market cap). A reasonable offer would be above 50p. This is basically the story behind Exeter. They too were on the cusp of raising finance for a small scale phased approach when they got swooped by Goldcorp. See: hTTps://ceo.ca/@newswire/goldcorp-to-acquire-exeter-resource-corporation If the likes of Goldcorp are watching this share then it makes sense for them to make their move before CGH gets project financing and draws down debt to start small scale.
casual47
27/7/2017
23:12
Apart from managerial incompetence (which is hopefully now in the past) is there any reason why this company shouldn't soon be on a market cap nearer to 500 million? Don't tell me "Because Kyrgystan", there are gold miners in more unstable sh1tholes and with much less favourable assets who still manage it.
casual47
27/7/2017
22:44
On the positive side, the longtime institutional holders who wanted out must by now have all cleared off. I can't really see who could still be left. Perhaps Ruffers? So, should there be an uprating event then there oughtn't be any overhang selling into the rise. And with 50% of the company in hands of directors/concert party the uprating, should it occur, could be rather swift and rather steep.
casual47
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