Chaarat Gold Share Discussion Threads

[richgit] 29/4/2016 08:42

ODR.

There are many agendas,as we all have them,yet in Dekels words "value for investors"

For one of the largest Resources around we can but assume that value is somewhat beyond 7p even if they stick the lot on e-bay.

As I admittedly this time got My timing wrong with my Gold picks as only the glory of hindsight shows the utter desperations of illegal Manipulations continuing a lot longer than I thought they could.

Of course what we have additionally witnessed, that they did not have from 1998
onwards......" Robot High speed Trading Computers" and Dracula at top spot in
Paper Gold- printing any quantity of Paper Contract shorts possible -in Market Fraud !!! so obscene that many call it embarrassingly blatantly obvious .

Look back in History as to who had to be saved by the UK Gold auction and then
consider whether the Fraudsters are so clever and all powerful.



Huge averaging down has been the game,with the plan to eventually "average up"
when Gold has truly broken the shackles of Paper Fraud.

Somewhat ironic that Dracula is advising that the only real "Money" will be Gold
and of course- always was,so no wonder Dracula has amassed Millions of ounces of Silver not only because it will be in short supply,yet because there may not be any when Gold is in short supply.

If the open pit plan had good merit in 2013 then it surely must have now,and
I would welcome 20,000 ounce production leading to 50,000 ounce production
and then what other upsides can be welcomed into Gold beyond $1900 from those
Resources in the ground


I consider the only reason they backed off was because the Cabal produced their
monster Paper Nuke fraud with all the usual brigade calling for $800 Gold.

No doubt Dekel is hoping that in a few months He can produce a rabbit out of the hat for what could be $Billions at retail and a Gold price that suggests
opportunistic manipulation or bids have missed the window of the worst sentiment in all time.


My own view and reasons to stay are that even on Ebay the stock is "surely" worth more than 7p,ie £20 Million and if Dekel gets it right a huge multiple beyond that.

I don`t suggest that Investors blindly hold CGH or any stock if it is their only one holding too much of available Capital,yet in a numbers game of percentages of holding a few -the argument stands up.



IMHO

[onedayrodders] 28/4/2016 20:42

Crikey what a double act

[juju44] 28/4/2016 10:10

Golan should be the one to go - he just hasnt got it

[casual47] 28/4/2016 10:09

So holding CGH has come down to an act of faith now?

Not very encouraging....

[onedayrodders] 28/4/2016 09:58

I guess that's down to those who still believe and those who don't.

Only question being .. for those who don't why are they still hanging around ?

[casual47] 26/4/2016 21:52

Yes, and they couldn't pull it off then so why would they now?

[richgit] 26/4/2016 21:18

The stock was at that 30p when CGH announced the below strategy.

Then of course the Fraudsters,utterly smashed paper Gold and left the whole Gold Industry wondering to what extent the Frauds could continue and whether
the Central Planner Fraudsters could smash their PAPER GOLD to $800

Little wonder the below plan needed a rethink -ie buy more time !!!

Investors are understandably frustrated with what appears Management indecision,
yet Dekel is no doubt playing His hardest game of chess yet-knowing His possible
checkmate is a confirmed Physical Gold price range.

We all know that if/when Physical Gold shows it can maintain a $1150-$1300 price
range,that sentiment will improve -which means valuations will improve.

That chicken and egg catch 22.








RNS Number : 1761A

Chaarat Gold Holdings Ltd

18 March 2013

Chaarat Gold Holdings Limited

Tulkubash project update

Chaarat (AIM - CGH), the AIM quoted gold exploration and development company with assets in the Kyrgyz Republic is pleased to provide a project update on the Tulkubash project, which is part of the Chaarat project area located in the north west of the Kyrgyz Republic.

Highlights

-- Production to commence with heap leach operation - reducing capital cost and power requirements

-- Production timing unchanged, targeting second half of 2013

-- Funding needs contained due to tight control of capital expenditure and change in development strategy

-- Increase in gold resource to 5.76M ounces following 2012 drilling season

Dekel Golan CEO commented: "We have maintained the momentum towards production. Our project team has submitted designs for approval and made significant progress with permitting.

Following the successful exploration programme at the Tulkubash project, we remain on track to start production in the second half of this year using heap leaching, rather than the CIL method we originally anticipated. Chaarat will benefit from the lower upfront investment and lower power requirements of heap leach processing, having identified both a significant amount of shallow material in the Tulkubash which is amenable to heap leaching and established the greater than expected open pit potential of the deposit.

Through our strict control of capital expenditure and the revised approach to production, the Company's cost of reaching production is going to be lower than we previously estimated. These savings have been mitigated by the effect of the changes in the new tax regime which have a negative effect of about $15 million on our cash flow prior to becoming net cash generative. The final revised requirement for working capital will be confirmed once we have completed our detailed work on the revised mine plan and operating budget. The Board remains confident that these funds will be available to us."

Project update

Background and development strategy

As a junior company with a large deposit capable of supporting a significant production base, the development strategy of the Company has attempted to strike a balance between raising funds to achieve the appropriate pace of development and shareholders' resulting dilution. Chaarat's management aims to unlock the value of the Chaarat deposit in stages by constructing a production facility, initially with limited capacity, which could be expanded as additional funding options became available such as by way of cash from operations, project finance or the introduction of a partner. Once in production, the execution risk profile of the project will have been decreased and raising additional funds or finding the partners to increase production capacity should be more straightforward and reflect a higher value for the Company.

The first stage development of the Tulkubash project involves the processing of low-sulphur clean ore. During the 2012 exploration season the Company identified that the open pit potential of the Tulkubash deposit was greater than previously estimated and, in addition, that the shallow material of the Tulkubash and Kiziltash deposits is amenable to processing by heap leaching.

Further drilling was therefore undertaken in the top layers of the Tulkubash and Kiziltash deposits to delineate the heap leachable material. In the Tulkubash deposit, it is estimated that approximately 2.7 Mt of resource at a grade of 2.06 g/t are suitable for heap leaching. The Tulkubash deposit is open towards the north so the Company considers that significantly more heap leachable material may be available.

In addition, potential heap leachable material in the Kiziltash section of the deposit has been identified. Metallurgical tests of this material are currently being conducted and initial results have been encouraging. If the results are confirmed, the open pit mineable heap leachable resource may increase by up to an additional 4.8Mt at a grade of 3.29 g/t.

Having established the feasibility of the heap leach processing method, theCompany has decided to commence operations by establishing a Heap Leach Plant (HLP), which has two major advantages over the originally planned conventional Carbon in Leach (CIL) plant; namely a lower capital cost and a reduced power requirement. The lower power requirement will reduce the cost of production while power is still supplied by diesel generators.

The production capacity will initially be constrained by the size of the mining fleet. In addition, the lower head grade caused by a lower cutoff grade and the lower recovery from a HLP operation means the Directors anticipate an initial production capacity of about 21,000 ounces of gold per year. However production capacity, which is effectively only a matter of upgrading the mining fleet, and some relatively minor modifications to the processing circuit, can be increased quickly and is expected to reach 50,000 ounces per annum during 2014. The Directors believe this number can be increased if the Kiziltash metallurgical work yields positive results.

The Company has already invested in the design of the proposed final layout of a CIL production facility capable of supporting production of approximately 200,000 ounces of gold per annum. As far as possible, elements of the HLP will be located in their final location, within the envelope of the full size plant, so as to allow the expansion plan to be implemented as smoothly as possible and to avoid unnecessary expenditure.

Work will continue in parallel with production to develop the configuration of the entire Chaarat deposit. The optimisation of the plant configuration may result in some changes to the plant design. However the general layout and design of the plant is considered to be flexible enough to allow the incorporation of any resulting changes.

Infrastructure

During 2012 the access road to the project was brought to the necessary operational standard. The road comprises three parts: the Chatkal flats, the Eastern slope and the Western slope. The Chatkal flats and the Western slope sections will be required throughout the life of the project and have been completed to a high standard. The Eastern slope section will be abandoned within a couple of years when a new route will replace the existing one. Accordingly, this section of the road has been reworked but at a minimal cost. The replacement Eastern slope section is being designed and the Company plans to build it as soon as practicable from a permitting as well as financial perspective.

Following agreement with the national power company, and as announced on 19 November 2012, the Company has retained Xinjiang Electric Power Design Institute to design a connection from the Company's site to the grid. Survey and geotechnical works are complete and currently the final desk work is in progress. Once permitting and land allocation are finalised the Company will review its financial options for construction of the line.

Construction of the bridge over the Sandalash River and the operational roads has been suspended for the winter and will be finished in the spring of 2013. All necessary materials and equipment have been delivered to site. Upgrading of the operational roads can take place as necessary during mining operations.

The temporary camp and workshop are in place as is the mining fleet for the first stage of mining. The drill-blast rigs and excavators are expected to arrive in the country before the beginning of the operational season.

The mine design for the initial Tulkubash production has been completed and is now in the process of regulatory 'expertise' and submission to the relevant Kyrgyz authorities for permitting.

Good progress has been made by BGRIMM (a Chinese institute) with the completion of the draft design of the HLP expected at the end of March. This will then be submitted for approval by the Kyrgyz authorities after adaptation for local requirements.

Funding

The Company has previously referred to its intention to raise a working capital facility of $20 million to cover initial mining costs.

Savings have been identified from the original project budget as the capital required to build a HLP is lower than a CIL plant and Chaarat also identified savings in the construction of the access road to the site.

However there have been unforeseen increases in other costs, which offset the savings in capital expenditure. The principal increase in costs arises from the change in the Kyrgyz tax regime. Tax payments are now accelerated as they are revenue based rather than profit based. An unbudgeted payment of tax was also due on the registration of the Kiziltash project resource with the Kyrgyz Government.

The working capital requirement has been reduced as the operating costs of a HLP are lower than a CIL plant (mainly due to the lower power requirement). The final working capital requirement will be confirmed once work on the operating budget and revised mine plan has been completed.

If the initial encouraging results of the Kiziltash testing are confirmed, the potential to further increase production capacity from heap leaching will have been established. The size of the mining fleet will be a constraint on the Company's ability to achieve increased production capacity.

Chaarat continues to review a number of options to provide further funding and will, in due course, select the one which is in the best interests of shareholders.

Increased Resource

Minimal exploration drilling was conducted during 2012 as drilling focused on ensuring the high quality resource and reserve definition of the Tulkubash project. The limited strike extension drilling in the Tulkubash and the drilling to ensure the existence of shallow resource in the Main Zone suitable for heap leach has resulted in an increase in the JORC compliant resource (estimate compiled by the Company) of Chaarat to 5.76 million ounces, an increase of 3% from the 5.59 million ounces announced on 5 March 2012. The grade has reduced slightly to 4.03 g/t from 4.08 g/t.

Competent Person

The Competent Person with overall responsibility for this press release, and who has reviewed the information contained herein, is Sunit Patel, M.Sc. (Geology), FGS, GSSA, who is an employee of Chaarat. Sunit is an exploration geologist with more than 24 years of experience in the resource industry who has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves' and he was supervisor to the work which is the subject of this release. Mr. Patel consents to the inclusion in the report of the matters based on this information in the form and context in which it appears.

[casual47] 26/4/2016 16:34

Numis is their house broker. Any rating by them is best ignored.

[pistonbroke1] 26/4/2016 16:06

hxxp://www.risersandfallers.com/2016/04/25/shares-of-chaarat-gold-holdings-ltd-loncgh-rated-as-buy-by-analysts-at-numis/

[richgit] 25/4/2016 09:25

Meanwhile....


Remember the sacrifices of those that fought for our Freedom.

Vote against the Traitors in Brussels & Obama.

OUT.OUT.OUT

[richgit] 22/4/2016 16:13

That`s a very flippant overview

Aurum had a mere 10% stake in a situation with another party going back to 2010
and such situations have gone pear shaped in many Countries.

Oxus Gold`s dispute was with Uzbekistan.

There are others doing ok in Uzbekistan and most certainly in Kyrg.


There are always risks,which includes Europe and the US.

[juju44] 22/4/2016 13:41

Golan cant deliver anything but promises . Sell to first Chinese bidder

[thomasthetank1] 22/4/2016 13:31

Read share price Angel's note on CHAARAT GOLD HOLDINGS, out this morning, by visiting hxxps://www.research-tree.com/company/VGG203461055
"Chaarat Gold have published the results of the optimised feasibility study on the Tulkubash project in Kyrgyzstan. Ordinarily we would work through the numbers and give a view but anecdotal evidence of companies continuing to lose assets in Kyrgyzstan causes us to focus our time elsewhere. An IRR of 25% and NPV of $615m might normally look attractive but in our view it goes nowhere near compensating for the risk of being shaken down in Kyrgyzstan. Charrat might have the wherewithal to hang on to the Tulkubash project in this wild-west of a country, but the histories of Aurum Mining and Oxus Gold who brought in Tony Blair in an attempt to hold onto their assets suggests otherwise. Though we note there are always two sides to every story ..."

[casual47] 22/4/2016 13:26

"We need to sit down and think how we want to deal with it."

Isn't that what they have been doing the last 3 years?

How much more of a little sit down do they need?

The man is already nearly retiring age.....

[richgit] 22/4/2016 13:19

CHEAPEST PRODUCER IN THE WORLD !!1?



Chaarat optimised study slashes initial costs
15:26 21 Apr 2016
The new feasibility report suggests that the cost of gold at the project would make it the cheapest producer in the world.
Making it all add up: Chaarat chief mulls options for Kyrgyz mine.
INVESTMENT OVERVIEW: CGH The Big Picture
The project is still some way from pouring its first gold.

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 was initially 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 have been a huge undertaking for shareholders.

But after an optimised feasibility study, led by Chinese engineering specialists at NERIN, the initial investment at the mine is now looking to be more like US$470mln.

The new feasibility report now tips the cost of gold at the project to be US$605 per oz, which would make it the cheapest gold producer in the world.

“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 in the year.

The company unveiled the final draft of its feasibility study in February which provided the economic case for the Chaarat mine, which was valued at US$351mln.

The feasibility study was produced by NERIN, a Chinese firm, with a view to sourcing a large slug of the financing from the People’s Republic, valued the project at US$615mln.

“The objective is not build a big operation, the objective is to create value for shareholders,” said Golan after the final draft was released, presaging the cuts made in the revised feasibility report.

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.

There was “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.

The optimised study slashed the cost of roads and infrastructure by over half, from US$52mln to US$22mln, while the cost of its underground mining was cut by a third to US$97mln by opting for open pits in some cases. The pit plans were also revised in favour of a more economical terraced layout.

The biggest savings however were seen in the tailings management facility, cutting US$43mln from the initial estimated cost.

The initial report by NERIN took into account local pricing; a majority of the savings was achieved through revising the quotes and sourcing elsewhere. Lower fuel costs and the depression in the mining industry, including more favourable exchange rates reduced capital expenditure.

Chaarat also removed unnecessary structures from the blue prints, which accounted for around 40% of the overall savings.

The group believed the initial result did not take into account significant inferred resource and the potential to improve recovery, a critical element in generating high returns.

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.

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$605 per ounce following the optimised study.

[richgit] 22/4/2016 13:04

That was rather untimely-no doubt the stock may have hit 10p

They had 18Million shares In March 2011.

Of course Blackrock had their own redemption problems and more recently that
Director divorce settlement of circa 1.5Million shares no doubt were dumped by Her post haste a while back.

Meanwhile-

We read that $2Billion of Paper Gold was dumped into the futures Market yesterday as the Central Planners were aghast at Gold breaking out.

That is somewhat 4 x s the size of last Manipulation into the Futures Market which seems to suggest (suggest) that the usual Comex Frauds are not carrying sufficient weight or maybe even Dracula doesn`t want to print infinitive short
contracts at the moment.

A $2 Billion Manipulation would have taken Gold down at least $100 in the past


Just maybe -Physical Gold doesn`t care.

The day Physical truly doesn`t care then the Paper Frauds will be like a nuke
missile heading back to the silo it was fired from .

[casual47] 22/4/2016 11:31

We might still get one for China Nonferrous Int'l Mining Co. Ltd -- it will take some time before they hit 5%

[mortimer7] 22/4/2016 11:22

Yes, First State managed to unload about 5.5 million shares!

[bluebell1] 22/4/2016 11:16

Well at least we know who was feeding the market over the last few days

[onedayrodders] 22/4/2016 11:08

First State trimmed their holdings ... I believe was 7% now down to 5%

[richgit] 21/4/2016 15:15

When all else fails-dump $2Billion Paper Gold into the futures Market.

If it wasn`t for the fact that the Saudis are the US War machine`s joint axis
of Evil,you could think the War machine elite have missed an opportunity.

Leak some 911 facts- blame it all on the Saudis- freeze all their US assets
and invade them.

Take over the Oil,sell the Camels & Ferraris,steal the Gold.

Job done and who would care ?(lol)

[onedayrodders] 21/4/2016 14:08

"China Yuan Gold Fix Is Part Of A Planned Shift From Dollar": China's Bocom
Submitted by Tyler Durden on 04/20/2016

China's shift to an official local-currency-based gold fixing is "the culmination of a two-year plan to move away from a US-centric monetary system," according to Bocom strategist Hao Hong.

In an insightfully honest Bloomberg TV interview, Hong admits that "by trading physical gold in renminbi, China is slowly chipping away at the dominance of US dollars." Gold, silver, and petroleum "are the three USD-based commodities that China wants most control of" according to Hong but "gold in particular is one of the commodities that China is hoarding very hard."

Finally, as Hong explains above, for those who suggest that China will never dump Treasuries or 'hurt' the dollar, since they hold so much dollars on their balance sheet, things are changing rapidly - "The gold reserve on the China balance sheet has almost doubled since 2009. By holding gold, and moving away from a US-dollar centric system, we actually require less US dollars."

[2vdm] 21/4/2016 13:41

500,000 buy, so someone is confident. I topped up this a.m. at just over 7p, so as usual got my timing wrong, but only 30,000 shares. Hopefully in a year's time I will be smiling.

[onedayrodders] 21/4/2016 13:37

Gold and Silver seem to love the new Shanghai Physical Fix

No noise from the "doomsters" ? early days but enjoying the quiet