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CGH Chaarat Gold Holdings Ltd

4.10
-0.55 (-11.83%)
Last Updated: 09:55:01
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Chaarat Gold Holdings Ltd LSE:CGH London Ordinary Share VGG203461055 ORD USD0.01 (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.55 -11.83% 4.10 4.00 4.20 4.65 4.10 4.65 914,679 09:55:01
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gold Ores 92.35M -8.58M -0.0124 -3.31 28.28M
Chaarat Gold Holdings Ltd is listed in the Gold Ores sector of the London Stock Exchange with ticker CGH. The last closing price for Chaarat Gold was 4.65p. Over the last year, Chaarat Gold shares have traded in a share price range of 3.20p to 16.10p.

Chaarat Gold currently has 689,668,088 shares in issue. The market capitalisation of Chaarat Gold is £28.28 million. Chaarat Gold has a price to earnings ratio (PE ratio) of -3.31.

Chaarat Gold Share Discussion Threads

Showing 5226 to 5248 of 12375 messages
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DateSubjectAuthorDiscuss
05/1/2018
16:28
I have a sneaking suspicion that the sales we are seeing are related to the exercise of option RNS and someone is cashing in to pay for having had a very good Christmas (net profit should be around £20-30K)

======
"Chaarat (AIM: CGH) has received notification for the exercise of options over 400,000 ordinary shares of US$ 0.01 each in the Company at an exercise price of 15 pence per share. As a result, the Company has received proceeds of GBP60,000.

Application will be made to the London Stock Exchange to admit the 400,000 new ordinary shares to trading on AIM. Admission of the new ordinary shares is expected to occur on or around 3 January 2018. The new ordinary shares will
rank pari passu with the existing ordinary shares."
======

If share price drops down to 20p I'll be buying back the shares I sold at 25p couple weeks ago!

casual47
05/1/2018
14:52
Inverse H&S at break up point now
juju44
05/1/2018
12:06
Thanks for the informative information C47. I am keeping a close eye on this one as it is starting to look very interesting.
brad1
05/1/2018
11:14
They did an unexpected fundraise recently (at a premium to SP) for up to 20 million so not sure what the reason behind that is -- e.g. could they perhaps be wanting to increase the resource some more before finalising the finance package (so push that back from Q2 to e.g. Q3 or Q4?), or will they maybe have some kind of tiered finance package which will release more funds as they grow the reserves? Or maybe the finance package was never going to include exploration/construction prep work? Or perhaps the "accelerated detailed engineering" is needed to make sure they can finalise the feasability study by Q2?

From RNS:
In order to proceed with the development of the Tulkubash Heap Leach Project, the Board of Chaarat has decided to raise up to US$20 million to fund:

-- US$6.2 million for ongoing along-strike exploration activities to further extend the heap leachable resource base at Tulkubash. To date, only 2.2 kilometres ("km") of the 6.0km Tulkubash resource potential in the mining licence has been drilled, and this drilling has shown mineralisation to be consistently continuous along strike. Significant along-strike resource potential has been defined through a mixture of channel sampling and soil geochemistry along trend to the north-east. A systematic exploration programme is being planned, targeting extension of the resource base in parallel with the construction of the heap leach project. This should allow the scale of the Tulkubash heap leach project to be expanded quickly at a low capital cost once production has commenced. If US$20 million is not raised the planned exploration programme will be scaled back accordingly.

-- US$10.5 million for accelerated detailed engineering and ongoing development of the owner's team to ensure that the Company is well placed to commence project construction in Q3 2018. Much of the Tulkubash feasibility study is now complete, ahead of the updated resource due for release in January 2018. Accelerating the detailed engineering, with a comprehensive owner's team, will allow potential cost savings to be identified and long-term supply partners to be brought in to the project. This will place the Company in a strong position to commence project development in Q3 2018 and deliver the project on time and on budget.

-- US$3.3 million for general and administration costs of Chaarat for 2018 including corporate costs, licence retention, social programme and fundraising costs.

casual47
05/1/2018
11:10
Brad -

Finance package: by Q2 2018
Contractor mobilisation: Q2-Q3 2018
Earthworks: Q3-Q4 2018, Q2-Q4 2019
Foundations: Q2-Q3 2019
Procurement: Q3 2018 -Q1 2019
Plant installation: Q2-Q4 2019
Mining: Q1 2019 onwards
Stacking: Q4 2019 onwards
First gold pour: Q1 2020


See:

casual47
05/1/2018
10:37
Quite lively today, hope it keeps up. News should be out soon: the IR event is next week so would have thought they'd get the drill results before then?
casual47
05/1/2018
10:37
when is mine commissioning and production anticipated?
brad1
03/1/2018
16:26
Could be on for inverse H&S . NOw that would be very nice
juju44
29/12/2017
15:40
The difference between a producer and non-producer:

Producing miners are enjoying a rise along with POG.

Looking forward to the drilling numbers. Should give an early clue re. whether the increased resource for Tulkubash is good enough for a finance raise or if they will try to get some more drilling done first.

casual47
27/12/2017
15:46
last big move up was jan/feb 2017 - maybe we will see another move this winter
malcontent
27/12/2017
13:19
Quite a bit of uplift in the other gold shares I'm following, increases of more than 5% since last week. CGH needs to wake up - it's a new year soon and its first gold pour is just round the corner from here
casual47
22/12/2017
16:00
What this share needs is more punters. Gold miners just aren't very loved atm. Even for lots of producing mines the buzz just isn't there. E.g. look at BBs for HGM etc.

The shareprice will still ratchet upwards meanwhile as the company hits the various milestones, but the lack of liquidity means it will keep being two steps forward and one step back.

My guess:
30-50p range 2019
50-100p range 2020-2021

For 2018 I am not sure. I wonder if the recent fundraising was an indication that the project financing will be pushed back to e.g. q4 so that CGH can further add to the Tulkubash oxide reserves and get an even better business case to base the financing on.

If my hunch regarding this is correct then we may see the shareprice in 2018 remain in the twenties for a good while.

casual47
22/12/2017
12:11
We may get even more enlightenment before that meeting.

Slowly,slowly we will witness how CGH become members of the $Billion dollar club.


Hopefully.

richgit
21/12/2017
14:39
Chaarat Gold will be presenting to investors at the upcmoming Proactive One2One Mining Forum on 11th January in London. For details and registration, click here:
aim_trader
19/12/2017
10:40
juju44

What we currently know (and don`t know)about the Paper Gold & Silver Frauds.

We know the Gangsters have been using huge amounts of a tool supposedly only
for emergencies ie EFPS,which basically suggests that the Comex Casino Fractional Gold & Silver is under tremendous pressure.
Those EFPS move assumed request for delivery to a future dated contract to be actioned in London (Not the Comex )to create the illusion that the Comex is in balanced control.


From an accounting term it is like entering Journals that somehow have to be netted off against something at some point,so we don`t truly know whether those EFPS will be netted off against shares in the GLD or delivery in London or somehow vapourised
with more Fraud into infinity,yet it is all can kicking as not even the BIS or emptied Western Gold vaults can keep finding Physical Gold down the back of the Setee to balance the books of pure paper against Physical.

What we can assume is they are having to be extremely careful not to take their
Fraudulent Paper Gold and Silver prices down to levels that could cause a flood of more buying and cause them more severe problems.

The can kicking,debt layered upon debt and derivatives to Armageddon is the only game in town until one day the reset is forced upon the Central Bankster Gangsters and Us !!!!!!

By the time that hopefully CGH is into construction phase, no doubt the delayed recession will be in full view in the USA ,and whether inflation starts to get out
of their control and interest rates forced upon them is a reasonable foresight.


I daresay like Baltimore at its peak of £120 per share,someone will buy the Bitcoin at its peak (wherever that is)and then become in full realisation that Bitcoin is the NSA`s/IMF`s/CIA`s experiment with the 1996 NSA project to create a Cryptocurrency giving all the hints of who truly controls Bitcoin.
It is certainly not "the peoples money/currency" that are being herded into it by
"you know who "

Bitcoiners and all the other Cryptos (many that will go to zero value)will no doubt become a major part of the wealth transferers to the Elite,whilst Gold will be the Wealth of all those that control and own it.

Silver should as they say be "Gold on Steroids"

The Central Planners may get through 2018 with more of their mirages,and hold Gold down in a range of $1300-$1500 but there is an end game to all this when Gold soars.



IMHO

richgit
19/12/2017
09:05
Successful placings above market are always a major vote of confidence . This wont drift down for long
juju44
18/12/2017
23:05
The statement that "We have the worst sentiment towards Gold & Gold stocks in History" is one that has repeated a lot longer than ever imagined,and possibly now
hopefully at its climax.

Yet- Money men are putting up £millions at 25p. !!

I am joining them .


CGH is now my largest single investment with the risk/reward that one day we add the
excitement of how to value the extra 6-7 Million ounces on top of what should be
a hugely profitable cash cow.

With the boss man at the CME extraordinarily admitting Gold should probably be $5600
now,and Mr Randgold continually reminding that many Majors are running down their
resources with nothing much in the pipeline,then any predictions of what Gold
in the ground may be valued at in the next couple of years could be far too
pessimistic.

I will suggest an average of $200 for starters circa late 2019





IMHO

richgit
18/12/2017
22:10
Casual = irritating arrogant creep = filtered
juju44
18/12/2017
17:44
Who says people sold out? Sold down, sure.

It's curious CGH are doing this fundraise now when they are supposed to get project financing in q2 for the whole project to go into production.

According to interim results they had more than 13.5 million USD left on cash/cash equivalents at end of June.

casual47
18/12/2017
16:41
Surprised peeps sold out today at 23 when the insider guys in the know ( management ) are buying at 25p . Odd
juju44
18/12/2017
13:56
It was news nobody waa expecting, so we still have all the news we were expecting to look forward to.

I wonder what the current fundraising means for the project financing, expected early q2 2018.

casual47
18/12/2017
13:32
Yep , share price should soon be well north of 25p
juju44
18/12/2017
13:30
Always encouraging when a company raises money with a placing ABOVE the SP
malcontent
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