Chaarat Gold Share Discussion Threads

[casual47] 22/2/2017 16:48

I wish.

I am sitting put with my much more meagre holdings.

Juju -- are YOU buying? If not, maybe every other PI already invested is doing what you and I are doing -- sitting tight with our finger hovering over the sell button waiting for 30p+

[highly geared] 22/2/2017 16:10

It must be Casual offloading his 5 million shares....

[juju44] 22/2/2017 15:57

RNS out detailing more director buys. Punters should be copying him and buying rather than selling

[juju44] 22/2/2017 15:52

All this buying and the price hardly moves - why ?

[richgit] 22/2/2017 09:33

juju44

We are still in a period of very poor sentiment,and little surprise considering
that the Dementors- (Central Planners and crooked Bullion Banks) have made every attempt to break the hearts and will of those that have held Gold,Silver,Platinum,Palladium stocks...and all by "Paper" ,virtually no gold, contracts printed at will by JP Morgan etc..


These are all "Precious Metals" considered the "currencies" that all paper IOU`s
fear being the truth tellers.

When Goldmans were screaming for $800 Gold-the gangsters were "buying" Gold.

It only takes an extra 1% of investors to consider Gold stocks again for sentiment to improve and arguably an extra 5% for Gold frenzy.

PI`s have been slaughtered since 2012,naturally sceptical and possibly skint,hence why so many are now just very bad T+ traders,trying to trade every
move in Gold etc- and for most very badly.

Personally I don`t trade(as such),I just sit,hold and accumulate,and if we do get
to the days of a Dot-Com Gold era then that will be the time to have a few short term trading flutters for the fun.



IMHO

[juju44] 22/2/2017 08:48

MA is paying 20p here because he believes its a bargain and he should know better than anyone else. So why are we not seeing buying to support a much higher price ?

[richgit] 22/2/2017 08:35

Let us hope we see the day they are mopping up stock at 50p.

Just maybe the only sellers of stock ,at some point,will be those that borrow it for a few days and then offer it back for others to soak up.

The misconception that US interest rate increases will stop the Gold run could be our next bargain for favoured Gold picks as some act upon that misconception.


HSBC has sent a chilling reminder of how Lehmans -that survived for 150 years-met
its Maker.............

"This is a material negative surprise for HSBC," said John-Paul Crutchley, an analyst at Merrill Lynch.


Foreclosures jumped 35% in December versus a year earlier, according to recent data from RealtyTrac. For the fifth straight month, more than 100,000 properties entered foreclosure because the owner couldn't keep up with their loan payments, the firm noted.



For its part, HSBC said its overall charge will be about $10.56 billion, about 20% higher than the average analyst forecast of $8.8 billion.



In explaining the outcome, the bank said its own risk projections had failed to predict how many borrowers would fall behind on mortgages as interest rates climbed and saddled them with higher monthly payments.



HSBC's warning comes just weeks ahead of its planned report of annual results and follows a December trading update that was already bearish on U.S. mortgage debt.



The problem is with HSBC's portfolio of sub-prime mortgages, which it snapped up in 2005 and 2006, before the U.S. housing slowdown began to bite. Sub-prime loans are sold to home buyers who fail to meet the strictest lending standards....."





If only we truly had a Crystal Ball,whilst another lunatic(this time in in Australia )suggests Home ,loans should be subject to NIL deposit.

[highly geared] 21/2/2017 20:55

Perhaps retail investors taking profits?
Labro are buying at 20p and it ain't for a couple of pence. Follow the money.

[juju44] 21/2/2017 20:42

all that buying and the price drops . figure it

[highly geared] 20/2/2017 09:52

Any sold shares being mopped up, looks like more Labro buying..

[richgit] 18/2/2017 15:44

For anyone that missed it..

Even more reason why CGH could be on its way to becoming a Gold Giant !!

...........................


A landlocked nation perched between China and Kazakhstan is embarking on an experiment with little parallel worldwide: shifting savings from cattle to gold.

One of the first post-Soviet republics to adopt a new currency and let it trade freely, Kyrgyzstan’s central bank wants every citizen to diversify into gold. Governor Tolkunbek Abdygulov says his “dream” is for every one of the 6 million citizens to own at least 100 grams (3.5 ounces) of the precious metal, the Central Asian country’s biggest export.



“Gold can be stored for a long time and, despite the price fluctuations on international markets, it doesn’t lose its value for the population as a means of savings,” he said in an interview. “I’ll try to turn the dream into reality faster.”

In the two years that the central bank has offered bars directly to the population, about 140 kilograms of bullion have been sold, Abdygulov, 40, said by phone from the capital, Bishkek.

“We are hopeful that our country’s population will learn to diversify its savings into assets that are more liquid and -- more importantly -- capable of retaining their value,” he said. In rural areas, cattle is still the asset of choice for investors and savers, according to Abdygulov.

Kyrgyzstan has bucked a trend among central banks, the biggest owners of bullion, by stepping up buying even as its counterparts cut purchases in 2016 to a six-year low. Global combined bar and coin demand fell, according to the World Gold Council.

Across the emerging world, gold -- often seen as the ultimate haven at times of upheaval -- hardly needs any extra promotion. India, the world’s largest consumer after China, is in fact taking steps to curb imports of the precious metal by encouraging its citizens to deposit private gold holdings in banks.

In Turkey, where banks can use bullion as part of their reserve assets, President Recep Tayyip Erdogan last year called on people to convert their foreign-currency savings into liras and gold.

What makes Kyrgyzstan unique is the central bank’s effort to win converts by providing infrastructure for safe-keeping and investment. The central bank produces bars of different sizes, varying in weight from 1 to 100 grams.

The central bank governor believes his plan is realistic, even though it means the population would own about 600 tons of gold, equivalent to 30 times the nation’s current annual output. Abdygulov declined to specify the timeframe for when his goal of 100 grams per person can be met.

The options available for storage include safe deposit boxes at commercial lenders or with the central bank, he said. Some people opt to keep gold at home or possibly even bury it in the ground, according to Abdygulov.

With Kyrgyzstan enduring upheaval from economic crises in the early 1990s to bank failures during the last decade, gold is seen as a far safer bet than securities, he said.

“For Kyrgyzstan, gold is an alternative instrument of investment,” Abdygulov said. “The National Bank has ensured liquidity for gold -- we aren’t only selling, but also buying back gold bars that we produced and sold.”


As Abdygulov took the reins of the central bank in 2014, Kyrgyz policy makers decided to raise gold’s share in its own reserves, now keeping about 10 percent of its $2 billion holdings in bullion. After years of capping the amount at 2.6 tons, the stockpile surged by more than 70 percent since 2012 to 4.5 tons at the end of the third quarter in 2016, according to the latest data compiled by the London-based World Gold Council.

With Kyrgyzstan’s output at about 20 tons a year, the central bank uses the national currency, the som, to buy gold mined locally, which can then be sold abroad if needed, according to Abdygulov. The governor said he’s counting on higher output in the future.

Abdygulov, who has masters degrees from Nagoya University in Japan and the University of North Texas, may be a gold enthusiast, but he’s no advocate for dislodging the dollar completely. His advice is based on the “rule of three” -- splitting up savings between the som, foreign currency and gold.

As for the metal’s prospects, he’s upbeat, even after it surged the most in five years in 2016 and continued to post gains in 2017.

[highly geared] 17/2/2017 18:08

Agreed Casual. It reinforces their apparent desire to buy as many as possible by 1st March.
It's notable that the recent purchases have ramped up at ever increasing prices.
I wonder if and particularly with respect to the BFS update, that finance discussions are advanced and that Labro want as many shares as possible for the fundamental re- rate that should occur in July once the BFS for the new mine scenario is out.
All language in the recent RNS points to a deliverable mine plan with mining from 2018. Financing might , as you've noted, depend on an equity raise, so to do this at a much higher share price is much less dilutive.

I'll now be surprised if we're not around 40p by July...

[casual47] 17/2/2017 17:07

Labro has now paid 20.50 pence per share. Unless you need to reduce to bank some profits or urgently liquidate I see no reason to sell below that price. Onwards and upwards from here I think

[casual47] 17/2/2017 12:49

Possible scenario?

Once the BFS is out, if the share price stays at/above 20p it would make a good level to raise money from. E.g. $50 million at 15p, with Labro taking up half of that. It would really enable the company to motor ahead. Labro would still maintain its current % with a new 3rd party/consortium holding ~25%. The rest needed to get to production could be debt.

[richgit] 17/2/2017 08:08

HG.

Just to add

HUM is another of my stocks.

Some would suggest it is worth 80p now and that is a pessimistic valuation if things progress to plan.


It obviously all depends on sentiment and positive progressions by CGH -HUM etc and what happens with the Gold price,yet obviously HUM is another that could hugely surpass its suggested 80p considering it too has some 4 Million ounces going spare to its current project and miserable Market Valuation.


My own view is to hold all my Gold picks through year 2020 as assumedly whatever
the shorter term ups and downs of Gold,I am convinced that by 2019 it will defintely being showing its legs of a continuing 40 year Supercycle with Gold shortages adding to it by then.


Sentiment/Gold price are obviously intertwined-yet maybe at some point regardless
of the ups and downs now- it will be eventual foresight as a driver.

If we can hold an average (with hindsight) this year of $1200 then that is not a bad place to be for so many Gold stocks if assuming the foresight for 2018 is the same or better.


The only reason Dekel did not go ahead with the previous smaller Cash cow plan
is because the likes of the distrustful Goldmans were screaming for Gold at $800
The lie of course was Goldmans and others were buying Gold as they screamed for $800.


A very Fake news World,as the theft from the perceived Cannon Fodder by those that control the lies- continues.



Amen.

[highly geared] 17/2/2017 07:55

Labro bought at 17p ( out this morning) and likely to have bought higher yesterday. Looks like they're going all out to get as many as possible by the end of March. Will be interesting to see their buy limits but it looks like 20p will be a minimum base.
Clearly not many sellers around as any Labro purchases are having an immediate and direct impact.
At $1250 gold , CGH will be throwing out $65 milllion profit / annum on 100k production of the initial mine. This willl be ramped up in subsequent years.

[casual47] 16/2/2017 19:31

They've got until end of March to buy the 6,662,983 shares, but yes.

[highly geared] 16/2/2017 19:16

If they are able to buy another 6.66 million shares in the next 10 days (surprised there isn't another fund holder out there willing to relinquish their stock?) then we'll all be very happy as the share price might just move up a bit further!

[casual47] 16/2/2017 18:06

Practically assured, JuJu.

Also, should they do a takeover I presume they need to offer at least the highest price they've paid.

Good to see 15.75p having been paid by Labro on the 14th of Feb. I wonder what they will have paid for their shares today.

The assumption before was that they might not go above 15p as that is the price for which they have many millions of warrants pending.

If we now see they are buying well above then perhaps we should conclude they want to complete their maximum allowed share buying before the March deadline?

[juju44] 16/2/2017 17:55

casual , what do you mean the Labro buying price is an assured minimum . If they stop buying and it falls back , surely they can buy again at the lower price ?

[highly geared] 16/2/2017 17:42

Labro bought 400k at over 15p, hence supply of shares tighened right up and retail buying has shoved it up with limited stock around.
Labro have another 10 days to buy up to 49%, lets see how this plays out...

[casual47] 16/2/2017 16:30

Looking forward to the updated Holdings notification for Labro. Any price they buy at is practically an assured minimum price for our shares.

[juju44] 16/2/2017 16:26

boiling over now . Must be something cookin

[casual47] 16/2/2017 16:11

Lots of volume today and looks like 20p is the new supported bottom.

[richgit] 16/2/2017 15:21

HG

We have 2 serious money men, and their knowledge of and ability to
raise money,on the Board.

The future numbercrunching will be a potential cash cow churning out money
at presumably $1000 per ounce in clear headline profit by 2019-maybe substantially more if we actually do see Gold beyond $1600 -( and for many years.)

An assumed capex even at the higher figure of $100 Million would be paid back
in record time


I daresay as we get closer to production the Market could be pricing Gold in the ground somewhat far beyond $100 per Ounce,considering Mr Randgold warns all that
Gold is going to be far scarcer with the circa 10-20 year vacuum of new mines,so
what value for the spare 6 Million ounces.!!?.


There is obviously a road to travel before rejoicing,yet if they get to
to the first station I wouldn`t even estimate what CGH would be valued at,yet
on the cash cow potentials alone I would suggest £250 Million could be very pessimstic.






That`s it from me for a while,as I most certainly look forward to paying 50p
when that suggests a cemented progression to £1 ...and so forth.

Everyone to their own risk/reward.



GLA