Chaarat Gold Share Discussion Threads

[book5] 25/11/2024 07:38

Thanks
Regards

[2pablo] 15/11/2024 11:55

Convert that to https at the beginning

[2pablo] 15/11/2024 11:54

h t p s://www.chaarat.com/wp-content/uploads/2024/10/CHAARAT_CORP_UPDATE-01.10.24.pdf

[2pablo] 15/11/2024 11:53

[...]

The company is still committed to keeping us informed of developments. Still saying on good terms with the Kyrgyz govt. Next update promised late December

[2pablo] 27/10/2024 21:29

Well, sorry to see you go but at least you’ve proved the auction system is working

[maytrees] 26/10/2024 09:02

Good morning 2pablo
£250 less charges
I am out now.

[maytrees] 25/10/2024 11:34

Greetings 2pablo
That's me hopefully (seller).

[2pablo] 24/10/2024 09:46

I notice there is a buyer on the AssetMatch Auction willing to take the 175,000 offered

Closes tomorrow at 2pm

[book5] 20/10/2024 09:53

Or a decent buyer
Question is, why?

[2pablo] 18/10/2024 11:35

Well maybe but they certainly haven’t got the funding yet

[book5] 18/10/2024 08:33

No news that I can see
There is something very wrong here

[2pablo] 08/10/2024 19:53

First auction on Oct 25th and I see someone is hoping to sell 175,000 @ 0.14p (for £245)

Any takers ?

Any news ?

[2pablo] 27/9/2024 20:28

Ed, all shareholders have been shafted it’s true but China this, China that, have been saying they’ll provide funding for a year or two now and nothing ever materialised. The Bondholders had their debt kicked down the road one too many times, it seems.

That amount of funding could have transferred our debt to China Railways but perhaps the bondholders and the Board were not convinced of their integrity.

So, we’re now stuck in a Private Company but still no sign of project funding. We have much less debt but about 9billion shares if I remember right.

I tripled my holding right at the end of Aim and am hopeful we will get building this mine soon. Seems even more crazy now with PoG so high.

[ed sturman] 27/9/2024 17:21

Re one of my previous posts saying that this is an engineered debt crisis and that I did not believe that the board couldn't find funding, given the amount of gold in the ground:

Before the meeting on 8th August that gave debt holders control of the business a white knight arrived - China Railways. It proposed to invest $42m (well above market rate) , comprising 20m for a 35% equity stake and 23m loan to refinance existing borrowing at lower rates.

The board declined.

[2pablo] 20/9/2024 12:40

Still no-one wants to fund a goldmine when PoG at all high

[maytrees] 16/9/2024 12:46

Greetings all
Actually selling via AssetMatch seems simple enough though there is a delay before sale proceeds and shares are exchanged after matching.

[2pablo] 04/9/2024 14:03

An interesting article about the beginnings of an important railway which, however, digresses rather about corruption.

Amusing snippet "a pair of pliers was invoiced for $640".

Still waiting to hear if any Chaarat funding forthcoming but we're not with our backs against the wall now I suppose.

[book5] 20/8/2024 12:16

Good to hear
Thanks

[2pablo] 20/8/2024 07:12

Nothing new but interesting to hear about our advisors and to know David (not Davis!) Mackenzie, acting CEO, can still make comments.





'Existing debt arrangements are being updated to enable further issues of up to US$5m of additional convertible loan notes until December 2025, with funds to be provided by a group of nine existing noteholders.'

'Nine existing noteholders' willing to stump up more money.

[2pablo] 16/8/2024 15:05

That Benbow has been at Chaarat about 8 years, once was CEO then COO and now non-exec director. Sold most of his quite large holding he’d been gifted for peanuts.

He must have given up all hope I presume. I never quite understood why Martin A didn’t get more involved, take the bull by the horns, stump up another $40m or so, twist a few arms, provide a few stuffed brown paper envelopes, get the rest of the funding and get the damn thing built.

[2pablo] 16/8/2024 13:42

We are now up and running on AssetMatch for bi-monthly auctions

[2pablo] 15/8/2024 22:12

Just worked out our pathetic non-execs, including Wylie the non-exec Chairman, realised a total of around £2,900 in total between them from their sales.

I hope they live to regret those pessimistic sales

[2pablo] 15/8/2024 19:10

All very secretive, reporting when the shares are now delisted but wouldn’t have made any difference to me or the share price, just doesn’t show any confidence.

It seems that it’s unlikely there is going to be any funding nor any outright sale in the near future.

[2pablo] 15/8/2024 19:08

That shows those Non-execs have little confidence selling at those prices. Virtually sold out but they all kept tiny stakes ?!?