Chaarat Gold Share Discussion Threads

[oli12] 03/3/2018 07:50

Interest will come Casual once the new management team and board start to deliver tangible results then investors will take note that Chaarat gold in 2018 is going places, this is not the same company that for years delivered nothing but broken promises and non achieved targets. By 2020 all being well Chaarat will be a gold producer and the share price will NOT be 20p!

[casual47] 02/3/2018 12:44

Again further proof today that lack of interest is making this share immune to gold price / wider industry movements. CGH remains stoic despite rebound in share price of its peers.

It makes this share fairly steady I suppose and should give a degree of reassurance that the share price is likely to move majorly only upon a rerate up (or down) following milestone news updates.

[casual47] 01/3/2018 10:53

Again bit of a sell-off today on lots of gold miners, yet Chaarat remains cushioned, probably through lack of interest.

[casual47] 28/2/2018 20:08

The share price may dip during construction but that would be a dip down from the rerated share price following financing injection.

I expect a financing should see share price shoot up nearer to 50p.

They are planning on doing drilling programmes both this year and next year which should see the oxide resource increase significantly. That should at the very least support the shareprice, if not increase it.

Imo, dyor

[bo doodak] 28/2/2018 19:48

Take your point on directors, shall investigate. Additional was meant as that which is expected but not yet occurred, rather than extra on top of.

Solid long term future, but question buying again at this stage. I'd argue the chances of the share price increasing v downside risk is not good.

I sold at 23p, I'm not a trader so the opportunity cost of dead capital invested has to be considered and the chances of a general market correction/sell off haven't reduced enough at least for me.

Still believe we will see a lower share price than now during the construction phase.

[casual47] 28/2/2018 18:12

Still have funds I liquidated here at 24p free to invest so if it drops then that would be great. I have no worries whatsoever about the long term here. Though happy to play the ups and downs along the way....

[casual47] 28/2/2018 18:10

There is no additional likelihood of significant equity dilution down the road. Not any more than was the case when share price was 25p.

The 3-odd million you refer to is from Directors / Mgt (e.g. Labro). That's as good as in the bank. I presume they are just considering the portion that needs to be in cash or loan so as not to push Labro's share further out. For this they need to know what the deal will be with the remaining 5 million. All IMHO, DYOR...

[bo doodak] 28/2/2018 17:47

The company haven't received the o/s $3,637,750 yet so until its in the bank its still just ''an expression of interest'' and may not be forthcoming.

Tie this in with the starting position of a confidence in raising an extra $5M (or else why attempt it), now delayed, which may or may not occur, a bond exercise price way in excess of current share price now, and the likelihood of significant further equity dilution down the line, all weights heavy on the share price

[casual47] 28/2/2018 17:35

I didn't really understand at the time why they even wanted the placing to include the funds for the 2018 drilling campaign as to me it made much more sense to make that part and parcel of the financing package.

But thinking about it, it does make sense as the financing piece could take a while to complete, especially if it would involve an EGM (which requires notice etc). So it makes sense to have as much of the 2018 drilling funds in the bag now so that as soon as conditions allow (i.e. Spring) they can get on with it.

[casual47] 28/2/2018 17:10

Why? The money they intended to raise was $15 million USD, which is in the bank. If you look at the December RNS it was only ever "Up to $20m with $15m commitments already received".

So nothing new in it apart from:
1. pushing back the deadline from 28th February to end of March for the remaining $5 million
2. Stating that they will seek to include any additional funds needed for 2018 drilling into the financing package

The remaining $5 million was optional as stated in the 18th December RNS release: "If US$20 million is not raised the planned exploration programme will be scaled back accordingly."

I wouldn't be surprised if the "interested" party that they are waiting for is e.g. the Kyrgyz state. I believe they already have a small-ish stake in CGH. If so it's not a surprise they are tardy with their money.

[bo doodak] 28/2/2018 16:51

Latest RNS won't help the SP

[casual47] 22/2/2018 15:29

I suppose there are advantages to illiquid shares......lots of gold miners down today, yet CGH...nothing. Swings and roundabouts...

[juju44] 21/2/2018 14:25

What are those big trades about

[juju44] 20/2/2018 19:10

very oversold and a run is on ,technically

[oli12] 20/2/2018 14:11

Some nice buys coming in. Should be back over 20p soon. It fell on no volume and will bounce back on a bit of sustained buying activity.

[juju44] 20/2/2018 14:10

Better buying now . Where is the price rise ?/

[juju44] 19/2/2018 11:30

Might help. No market interest in UK

[casual47] 19/2/2018 09:57

New broker. Canadian HQ. TSX listing on the cards?

[casual47] 15/2/2018 15:04

CGH lagging behind other goldies which seem to have had a boost this week/today from the POG.

This share needs to become more liquid.

[casual47] 14/2/2018 09:49

People are one of the top considerations when investors make the decision on providing project financing.

So Chaarat might as well pull out all the stops and get the best of the best. If project financing falls through then, I imagine, the "for sale" sign will be up pretty sharpish.

I think this explains the changes in personnel we have been seeing in the last year (including the getting rid of Dekel)

[juju44] 14/2/2018 09:16

Another competent player on board . You have to believe these guys can deliver something worthwhile

[juju44] 12/2/2018 20:37

Technically totally smashed here yet again . Could see a bounce soon . All very boring

[sparkyboy1] 09/2/2018 16:30

This the first time on this site I use LSE
I just bought 100,000 more today my USA is up to maximum for the year so had to buy in normal account. I can see some. I can see this share going north this year especially if gold can keep going 👆

[fishhead1] 09/2/2018 10:06

Not sure, but I will feel more confident when gold breaks above the $1350-$1400 range (and silver $18.50). The massive base on gold looks like a huge H&S bottoming pattern to me.
I believe all PM stocks will get an automatic re-rating when this happens.

[casual47] 08/2/2018 13:10

Gold stocks getting a pounding across the board. So many bargains or soon to be bargains. Was thinking of reinvesting the CGH funds I released in my SIPP back into CGH but it's becoming hard to choose....

Anyone any opinions how long this rout will continue?