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
  +0.00p +0.00% 23.60p 24.00p 24.30p - - - 0 06:36:07
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -13.4 -3.8 - 87.71

Chaarat Gold Share Discussion Threads

Showing 5626 to 5648 of 5650 messages
Chat Pages: 226  225  224  223  222  221  220  219  218  217  216  215  Older
DateSubjectAuthorDiscuss
17/6/2018
22:59
This Friday: deadline for Centerra on Strategic Agreement. As the Kyrgyz pm said he was "soon" going to present his proposed new approach on this to the Kyrgyz parliament I guess that will only mean one thing: deadline will be postponed another time. I think by end of June (/our AGM) we should know a lot more on where Chaarat stands in this whole thing.
casual47
17/6/2018
22:25
I'm starting to bite my nails
juju44
17/6/2018
21:55
Easy to be patient. It's suspended!
jc2706
17/6/2018
15:18
Hard to be patient . Almost 2 months into suspension now
juju44
14/6/2018
13:09
If they are looking to convert the loan notes (conversion price 30p+) then I think it is safe to assume any equity issued for Kumtor should be above 30p. If they think any equity issued for Kumtor will be well above a price of 30p then it makes sense to settle the loans and pay them off with a placing. In any case, they are only alloting 130m shares to pay off both loans (one loan only 5m debt has been taken up) plus interest plus have money left for working capital (should be at least $10m?). So the minimum placing price for these shares will be at least 25p, imo (Though, if Kumtor is going ahead you'd think they would be better off paying off the debt via refinancing on better terms?)
casual47
14/6/2018
13:04
AGM resolutions out. Resolution 6 and 7 being of note: Resolution 6 proposes to allow the directors of the Company to allot up to 130,000,000 Relevant Securities (under the Articles, and in addition to the Company’s existing authority to allot Relevant Securities under the Articles) from the date of these resolutions until 31 December 2018 and therefore potentially increase the Company’s issued shares from 371,631,876 shares to 610,217,186 shares (including Relevant Securities under the Company’s existing authority to allot Relevant Securities under the Articles). Shareholders should note that resolution 7 proposes to disapply their right of pre-emption (under the Articles, and in addition to the Company’s existing authority to disapply pre-emption rights under the Articles) such that any shares issued pursuant to resolution 6 will not first be offered to the existing shareholders pro-rata in accordance with their shareholding. The authorities referred to in resolutions 6 and 7 are required to provide the Company with flexibility to raise sufficient working capital to (i) redeem the US$15,000,000 short term senior secured convertible loan notes issued in April 2017 and which are due to mature on 30 September 2018 (including accrued interest) to the extent such notes are not previously converted; (ii) if the Company considers it expedient to do so, redeem the US$14,000,000 short term senior secured convertible loan notes issued in February 2018 (of which US$5,000,000 have been issued) and which are due to mature on 30 June 2019 (including accrued interest) to the extent such notes are not previously converted; and (iii) provide the general working capital requirements of the Company.
casual47
14/6/2018
12:59
Draft revised terms report to be submitted to Kyrgyz parliament for discussion "soon" hTTps://translate.googleusercontent.com/translate_c?depth=1&nv=1&rurl=translate.google.com&sl=ru&sp=nmt4&tl=en&u=hTTp://elet.media/ru/ekonomika/pravitelstvo-kr-vskore-obeshhaet-predstavit-zhogorku-keneshu-proekt-soglasheniya-po-kumtoru/&xid=25657,15700019,15700122,15700124,15700149,15700168,15700186,15700191,15700201&usg=ALkJrhju7frLo44TD6Xc9JBxcr8qE76irw According to the Prime Minister, in recent years the issue of Kumtor has been raised mainly in order to earn political points. "However, we must think not only about today, but about tomorrow," Abylgaziev said, urging his colleagues not to politicize the issue of an agreement with Centerra Gold Inc.
casual47
13/6/2018
17:25
I hope you are right casual47 even if it goes up half of that I am having a party lol. The more this goes on and everything you here and its down to the government they will have no choice because are offer is so good and its impossible centerra to come anyway close like give them 50% of all profits and there 50% of there profit to back in to the country I am surprised its not done and dusty now, will shall see.
sparkyboy1
13/6/2018
17:14
It's a reverse takeover at a huge discount. While the government will be entitled to half the net profits Chaarat will own the whole Kumtor mine outright. This is pretty much the arrangement that Centamin have. They are producing 500-600k oz pa and they are a 1.4billion GBP company. (Admittedly they have a much longer LOM than Kumtor) We're scaling up, not down. This should be reflected in the mcap and shareprice. The 400m USD that CGH needs to cough up buys it multiples worth of assets and near/immediate future potential.
casual47
13/6/2018
16:39
My two pence: Fair value of Kumtor (FCF!) + Chaarat (now funded!) about 1 billion USD or 750m GBP. Shares in issue now: 371,631,876 Shares to be issued: about 375m at 60p, raising £225m or 300m USD. Leaving 100m USD to be added in debt. Total shares in issue ~750m Shareprice after completion: £1
casual47
13/6/2018
13:55
Well, Centerra would find it extremely difficult if not impossible to buy Chaarat. Apart from the money it would take (presuming it is cash), which they do not have, they would have to get around the fact that the Chairman has a near controlling stake. The level of the raise has been discussed somewhat previously. I suspect that it would be at 25p but there were arguments put forward that it could be much higher. I would not expect it to be lower given the previous history of raises.
jc2706
13/6/2018
12:23
If the deal was to go ahead the question is what price the new equity in CGH would be issued at? 25p/share? Or much less? Its a complete unknown. And the 'large investors' supporting the deal would want it on their own terms which may not be great for small investors. And if Centerra don't like the deal and want to shake it off they could quite easily buy CGH. Which might produce some sort of premium however. We are just blowing in the wind at the moment, unable to buy or sell.
kibes
12/6/2018
22:20
I admire your dedication to the cause Casual47!
jc2706
12/6/2018
22:09
Only ten hours after I posted in here the local Kyrgyz news report....the guys over at Mining.com have finally caught up with it: hTTp://www.mining.com/future-centerra-mine-uncertain-kyrgyz-govt-revising-settlement-deal/ Casual47 - bringing you the news first!
casual47
12/6/2018
16:47
In case you missed it: "The Annual General Meeting will be held at 10 am on 12 July 2018 at the offices of Watson Farley & Williams, 15 Appold Street, London, EC2A 2HB."
casual47
12/6/2018
10:29
Longstop deadline is net week Friday. So looks like that will have to be extended again if the government is planning on changing the terms of the agreement. The discussion in parliament should be interesting. Hopefully someone will bring up the Chaarat offer. Will the prime minister insist on terms that Centerra can't or won't accept? Will the proposed new terms make the Centerra deal more attractive to the Kyrgyz than the Chaarat offer?
casual47
12/6/2018
09:57
Kyrgyz government to revise Centerra Strategic Agreement and discuss in parliament. No mention of Chaarat. hTTps://translate.googleusercontent.com/translate_c?depth=1&nv=1&rurl=translate.google.com&sl=ru&sp=nmt4&tl=en&u=hTTps://rus.azattyk.org/amp/29284348.html&xid=25657,15700019,15700122,15700124,15700149,15700168,15700186,15700191,15700201&usg=ALkJrhjKlUm4aa0p3mMkcnOkwX0XVec0cw "Prime Minister Muhammadkaliy Abylgaziev said that the government is discussing the agreement on Kumtor, signed with "Centerra" on September 11, 2017. In the parliamentary committee on June 12, the prime minister said that he met with the company's management, where he told that the government has certain thoughts on the results of the agreement. Abylgaziev did not specify details of the talks, but added that the government will submit its proposals to the parliament."
casual47
11/6/2018
18:37
Chaarat friendly article in local press. It features screenshots of the white paper (in russian). (Need to look at original link as Google translate doesn't include all images) hTTps://translate.googleusercontent.com/translate_c?depth=1&nv=1&rurl=translate.google.com&sl=auto&sp=nmt4&tl=en&u=hTTp://knews.kg/2018/06/11/kompaniya-chaarat-vystavila-predlozhenie-po-sotrudnichestvu-v-osvoenii-mestorozhdeniya-kumtor/&xid=17259,15700019,15700122,15700124,15700149,15700168,15700173,15700186,15700191,15700201&usg=ALkJrhhLlgPa44HxF5k1AxQG2kRqXsa9ZQ
casual47
11/6/2018
11:44
sorry folks but with anyone bearing such a name is automatically filtered.... I have held the stock for c'five years and wish everyone well.
rhuvaal2
11/6/2018
08:12
The blurb with the accounts seems fully confident the deal is still going ahead, I suspect a lot is going on behind the scenes and they want to keep the market shut while negotiating, I am pretty sure these will be a screaming buy if the deal gets done ...
catsick
09/6/2018
12:12
What would really shift the nature of discussion is if Blackrock make clear in public their preference. That could really throw the cat among the pigeons. I'm actually wondering why we *haven't* heard from them.
casual47
08/6/2018
18:20
Two weeks until the pushed back deadline for the Strategic Agreement between Centerra and Kyrgyz. I think we will know what's what this month. Not that many sleeps now.
casual47
07/6/2018
16:40
Me too, good luck all
rhuvaal2
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