Chaarat Gold Share Discussion Threads

[casual47] 21/7/2017 11:52

SP seems pretty stable so far.

[novicetrade68] 20/7/2017 15:41

We can keep an eye out now for a 98,242 trade and then we know Labro have had their fill.

[casual47] 20/7/2017 10:22

Today's holding RNS.......

If the Consortium only bought 50K shares on the 18th then who bought all the other lots of 50K that day?

"Chaarat (AIM - CGH), the AIM quoted exploration and development company with assets in the Kyrgyz Republic, was informed on 19(th) July that Labro Investments Limited ("Labro") holds 121,948,037 ordinary shares of US$ 0.01 each, representing 34.67% of the issued share capital of the Company, following purchases on 18(th) July of 50,000 ordinary shares at a price of 18.875 pence per share. "

[casual47] 19/7/2017 12:11

NEX trade of 25974 gone through at 19.25 pence

At least there's still appetite!

[novicetrade68] 18/7/2017 18:33

Yes, certainly and why actually not. Good find I think, may not mean much at the present time, but on the other hand, having connections with that lot would definitely increase odds we see a gold mine here in the end.

[casual47] 18/7/2017 16:37

Interesting, the Consortium guys are all involved in this:

Our Chairman and other people from the consortium are partners in it.

It's a real estate investment company, managing 1.3 billion EUR real estate assets, and which has raised 1.1 billion EUR capital.

Two of them are European nobility, belong to the De Geer family:

So we know they are good with money and have a lot of money themselves.

I guess a gold miner is just another place for them to put their money?

[casual47] 18/7/2017 15:59

There will be updates before then, e.g. for sure the interim statement in September -- I think they will want to add some meat to it.

While the BFS won't be fully completed before Q1 2017 they should be able to provide snippets before then.

Hopefully they will keep us abreast of the "interested parties" that are visiting the site this summer.

They may announce further strengthening of the team.

The senior secured loan notes become due next year so they will need to have money to repay them, assuming the holders don't convert at 30p (unlikely). We could see partial financing being put in place this year.

[novicetrade68] 18/7/2017 15:30

Yes, it will be interesting to see what happens now. Apart from an offer, the only news expected now will be at least 6-9 months away. But I'm getting the impression CGH follows a tracker anyway so CGH will probably just go the way the tracker goes.

[casual47] 18/7/2017 14:34

I guess the in total 100K AT shares bought today were Labro -- I guess that means they have completed their deal.

Look forward to some news to sustain the impatient.

[casual47] 18/7/2017 12:47

I wouldn't mind the other scenario happening either: Labro taking over the company once they have completed their purchases. 30p would be great.

Though I doubt Labro have that deep pockets that they can pay for both the buyout (at 30p would be around 50 million USD for the 50-odd% of shares that they don't own already) and for putting CGH into production (which is likely to be of the same order).

It makes sense for Labro to want to keep this listed so they can access finance, after all, that's the principal reason for being listed....

[novicetrade68] 18/7/2017 10:58

An offer for the company is of course also still possible at any moment, especially if the share price drifts below a point Labro would deem it to be a pi$$-take. But I think they would want to maintain their listing on AIM and make a return themselves on their investment so far.

[casual47] 17/7/2017 19:31

The price is a full three pence up from where it was a week or so ago.....about 20%

Where it goes from here in the short term, who knows.

Seeing as I added last week I'm banking on positive developments. Though could drift of course If no news.

[novicetrade68] 17/7/2017 15:59

What was expected then? It was crystal clear on L2 someone was and still is feeding shares to the market, so no wonder no rise.

[juju44] 17/7/2017 08:18

Buying is almost over . Never did do the wonders for the share price that was expected

[juju44] 14/7/2017 14:32

Mass of buys and they drop the bid again . All the buying doesnt seem to mattyer

[casual47] 14/7/2017 13:03

5 trades of 12,756 @19pence so far (£2424). Odd amounts.

#6 just gone through at 13:30

[casual47] 14/7/2017 10:10

15k buy at 19.50

Babysteps but at least an increase.

[casual47] 14/7/2017 09:57

Shouldn't take the directors long to mop up the remaining 400k. They could easily do it in an afternoon.

Have to wonder what their buying strategy has been. I mean, they went up to over 23p not so long ago. A lot of their recent buys was through tiny purchases of 10/50k.

And yet someone was able to arrange a purchase of 3.9 million shares. Looks like that might have been a new II or II who's under 5%, seeing as there hasn't been a holding RNS.

If no holding RNS is forthcoming then I guess it must have been China non ferrous or UBS as for neither it would require a holding RNS(China remains above 5%, just, UBS remains below 5%)

[juju44] 14/7/2017 09:39

Lot of buying yesterday but bid marked down again - its only the bid matters . MMs doing a mighty job for the big buyers here

[casual47] 14/7/2017 09:37

There haven't been any trades yet today. How is the price falling? It's up a full three pence since your last or so post.....

[juju44] 14/7/2017 08:34

price falling nicely with all this buying

[casual47] 13/7/2017 10:29

I will have to revise my target of 18p by EOD Friday upward....let's see if they can hit 19p

[casual47] 13/7/2017 10:28

If they let this share linger without substantial news then a drift down to 15p is guaranteed.

On the upside, the company seems to be making a lot of progress and appear serious about going into production.

Labro bought shares in the 23p region so should any buyout occur then they'll have to offer at least that.

I think we will get financing news this summer. That or a takeover.

I have a core holding that I've held for many years now, I think average of 9p or some such. The rest I am trading with.

Hopefully Labro will have to pay a bit more for their remaining 600k shares....

[asturius101] 13/7/2017 10:19

Not at all, just being a little facetious! This could be good for a short term trade here and there but long term there is substantial uncertainty imho

[casual47] 12/7/2017 17:57

You seem upset Asturius....

My train of thought has been clear from the messages I posted here.

If Labro hadn't been granted an extension I wouldn't have topped up and i would have waited a few months (I said perhaps some time in October) before potentially adding more, assuming there was an absence of significant news.

I made a post earlier, before the waiver RNS got released, that I wouldn't be surprised if the deadline got extended. I also added that one reason to extend the deadline could be to increase share price in time for finance arrangements.

When the RNS came that they are extending Labro's deadline I took that as confirmation of my earlier thought and added shares based on that news.

When it became clear that Labro is topping up (the multiple 50k buys) I took that as further confirmation and an indication they are bent on seeing the share price go above 20p again. That is when I added more shares.

That's all.