Chaarat Gold Share Discussion Threads

[onedayrodders] 08/2/2016 15:25

Look at those b'stewards widen the spread

[onedayrodders] 08/2/2016 14:21

Welcome Comedy .. lets hope we are all having a laugh in a few months

;o)

[bluebell1] 08/2/2016 11:59

best of luck comedy, looks like you got a good price too.

[comedy] 08/2/2016 08:36

morning guys just joined you with 50k purchase...

[dibs61] 06/2/2016 17:59

$1180 we're in business. $1200 should confirm we've commenced a new bull market. Not far off @ $1173 ;)

[onedayrodders] 06/2/2016 16:36

Plenty of Black Swans lining up ..

[richgit] 06/2/2016 15:49

For the first time in a few years- the scam failed.

Seemingly someone dumped a (not for profit)$1.2 Billion Gold into the futures
market and then the all out Robot -buy the $dollar sell Gold, all arranged right on cue with the Jobs report .

A spectacular failure-this time.


I added to CGH holdings on the idea that Fasanara has an average investment price of circa 12p per share and the assumption that whatever their agenda,it is not one to lose money.

As Fasanara are somewhat holding all the cards I certainly hope they are
onside with Management and We mere Cannon Fodder.

I will wait until after April 5th before looking to add more,and hope it
is at a higher price for good reason.

I certainly hope we get some official, or leaked, confirmation of Fasanara`s
true intentions and objectives.

Meanwhile I am all for the Smaller scale project,as that way We could be
in control of the future cake,Jam and Cream on top and escape dictatorship
and current window of opportunism from the Chinese or A.N.Other.

There will be far less room for opportunism when Gold breaks firmly beyond $1400
and the Chinese know that.

This is now one of the greatest games of chess in town .

IMHO

[bluebell1] 05/2/2016 18:10

Dekel is a shrewd operator. Keep the faith, he`s invested and has a significant stake here. Sp is going nowhere now but it will move fast on news.
I know you`d need the patience of a saint but the Mining industry is a slow business. Hold tough it will pay off

[onedayrodders] 05/2/2016 14:25

Yep..sit tight

[richgit] 04/2/2016 21:57

What we do know is that China wants/needs thousands of Tonnes more Gold.

In this situation they could be fairly reliant on produced Gold being shipped
to China,whereas many like Kazakhstan,are keeping so much Gold production for themselves.

China also knows that when those owing Gold +those owed Gold +Central Banks
trying to replace Gold they leased (sold)and then the World`s Joe Bloggs
want Gold....there wont be any Gold around bar outbidding everyone else for every ounce.

Of course if we were at that point now then every CGH PI would be bidding
stock ever higher and all funding would be a walk in the Park.

The Gold here is most certainly going to be mined by someone.

[juju44] 04/2/2016 16:59

Doesnt matter how much gold they have if no one wants to buy the shares and right now no one wants to buy the shares. Its been jam tomorrow for far too long here and now the cost of the mine is massive - they say. More money will be needed so more dilution. Poor show

[richgit] 04/2/2016 16:34

Dekel had better start earning His not inconsiderable pay packet and find a Catalyst that outwits the doomsayers.


Meanwhile the Fed`s imaginary World and non Economy is collapsing all around them and only Fools would believe any further massaged Job reports,as Santa`s helpers is months away,whilst those from Xmas 2015 are being shed at quite an
alarming rate.

The main difference compared to Brancote, as it slowly clawed its way from 10p to 20p is,that We investors supplied the funds to progress the Gold in the ground in the belief that pay day would arrive...which it did.

That is the Chicken & Egg we have here with one of the few such Millions of ounces Gold resources - available in the World today.

[onedayrodders] 04/2/2016 16:20

Just watched the proactive interview ... for me Dekel is using the small scale production option to drive up the Chinese take out price.

[onedayrodders] 04/2/2016 16:04

lets hope something similar plays out here over the next few months

[richgit] 04/2/2016 15:49

ODR

The blinkered can remain so for a lot longer than
any logic.

What can I say ?

CGH have literally potentially $Billions in the ground and no doubt that Gold
is not going to stay in the ground.

CGH is far more a real deal than Brancote ever was,even when the all paper bid
came in at circa £200Million +

I bought Brancote at circa 10p-20-p 30p-40p and the final largest money stake at 80p and it went at £2+

Those that think Dracula & the Central Planners can remain in control of
"Paper Gold" obviously do not agree.

[casual47] 04/2/2016 12:18

"Dekel simply has to hold out"

I.o.w. dilution to keep in business.

Where will he get the money from?

W-F are already maxed out, unless there is a waiver of the takeover code.

[onedayrodders] 04/2/2016 12:09

Richgit...do u see similarities to Brancote and did people then have lower expectations of TO price

[richgit] 04/2/2016 08:35

Dekel simply has to hold out until the World`s investors understand that all forms of Money men will be opening their chequre books for decent Gold stories-and asking "How much do you need?"

The "potential" here is not huge - it is simply enormously off the scale once
more realise the slaughter of paper currency and its assets (non-assets) of unpayable debt will take Gold to levels few imagine.

I said Gold was a buy at $250 when all said it was finished.

Having followed Gold and Gold stocks for 30+years I have seen it all.yet nothing
like the Capitulative (fraud induced)bargains we see today.

I will sum up what is to come in merely pointing out that between Gold $800 -$1900
we witnessed valuations of just "in the ground" ranging from $50 to $1000 per ounce,albeit $1000 was was an extreme for special situation"

So working upwards from the worst sentiment in 30 years (or History) I have to think Brancote`s deal at £200+ Million would today be petty cash pro-rata - considering what is coming.

As Brancote was a 20+ times multiplier for some,it shows what can happen,yet
in real terms of potentials CGH is surely far beyond Brancote with one of the last Men standing resources in a Gold World that has run out of such available
resources, for maybe 10+ years, before we see any others beyond the CGH,AMA,HUM
POG etc that currently exist on the London Markets.


Not a lot of choice for the days of Gold frenzy in time to come.

Of course we could now also buy so many of the Majors around that could also fly
2-3-5 (10)multiples over time.

When they fly- the CGH-ers available could unimaginably soar from such levels
of Capitulation.

Spread risk/reward and thank the Fed and Central Planners for the biggest fraud in History to offer investors the bargains of the biggest fraud in History

IMHO


IMHO

[mortimer7] 03/2/2016 16:00

Interview today with Dekel Golan on proactive investors.
(Can't post link unfortunately)

[richgit] 03/2/2016 15:05

I certainly hope they wouldn`t consider letting this go for less than Brancote
ie: £200+ Million.

It is potentially capable of telephone numbers in profit,fast payback,and
a vital source of the only real Money that the World will be clamouring for


The following development options have so far been identified and are being
evaluated:
1.
Sale of the asset – a mining group has already conducted thorough due diligence
.
We understand that the group is now in the process of raising funds
.
2.
Toll production
–
A Chinese company is building a processing plant close to the Chaarat
deposit which will have significant unused capacity and is capable of
processing the refractory ore at Chaarat. The possibility of being able to
start production without having to build a plant,power line and tailings dam is an interesting option which may offer significant upside.
3.
Production from the Tulkubash Project –
as previously reported it is possible to commence production at Chaarat
,at a significantly lower capital cost,by constructing the open pit heap leachable Tulkubash project
.
We are finalising an internal feasibility study ,using input from the FS ,as well as current quotes and detailed designs .
We will then examine our financing options if we decide the economics of this strategy are justified.
We will open the Chaarat site for the 2016 season to enable investors and other interested parties to visit .
Further updates on progress will be provided in due course

[cantrememberthis2] 03/2/2016 14:34

Managing shareholder dilution will be uppermost in the decision-making of Dekel Golan, chief executive of Chaarat Gold.

The issue is pertinent as the company looks to take its Kyrgyz mine into production.

The capital cost of building a facility that produces 211,000 ounces of the yellow metal per year is put at US$684mln – a huge sum for a company valued at just US$22mln (£15mln).

Even funding a very small portion of that investment would be a huge undertaking for shareholders.

“Every step you move forward is adding value. What I want to do is add value with as little dilution as possible,” said Golan in an interview with Proactive Investors.

Earlier, the company unveiled the final draft of its feasibility study; one that provided the economic case for the Chaarat mine, which was valued at US$351mln.

The document was produced by NERIN, a Chinese firm, with a view to sourcing a large slug of the financing from the People’s Republic.

“I question whether there is going to be enough value for our shareholders left at the end of the process,” said Golan.

“The objective is not build a big operation, the objective is to create value for shareholders.”

It was a “mixed experience” working with NERIN, he said. Technically its experts were top notch. However the study was “conservative” and so probably didn’t fully recognise Charaat’s economic potential.

This means there is “significant potential” to improve returns by re-looking at and “optimising221; this important blue-print.

“They [NERIN] are very smart and we enjoyed working with them. On the economic side it was different,” added Golan.

Securing funding from the Chinese is still an option, the Charaat CEO said. However the company is looking at three other options: the sale of the Chaarat project, low cost toll milling or a more modest mine based around the Tulkubash deposit.

Each is at the formative stage of consideration, though each offers a lower cost alternative to extracting value than a full blown US$684mln mine.

There has been interest from acquiring the Charaat, but as Golan pointed out: “There is a big difference between wanting to do something and actually doing it. There are lots of moving parts.”

He added: “We need to sit down and think how we want to deal with it. It is a big project to build. Once you go down a route it is not something you want to stop.”

The Chaarat mine, in a remote upland area in the east of the Kyrgyz Republic, is host to an estimated 53mln tonne reserve, grading 2.79 grams per tonne for a total of 4.7mln contained ounces of gold.

The all in sustaining costs of mining the gold is put at a best in class US$635 per ounce.

At 1.15pm, the shares were changing hands for 5.65p, up 0.02p.

[onedayrodders] 03/2/2016 13:52

I think it's about as far as he can go today and he has to be careful and mindful not upset the Chinese as the key here is .... it's not yet officially signed off.

And the last thing we need now is further delays

[cantrememberthis2] 03/2/2016 13:49

Its the best way for all of us to contact CNF!