ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for discussion Register to chat with like-minded investors on our interactive forums.

CGH Chaarat Gold Holdings Ltd

4.40
-0.25 (-5.38%)
Last Updated: 09:22:20
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
  -0.25 -5.38% 4.40 4.20 4.60 4.65 4.40 4.65 148,114 09:22:20
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gold Ores 92.35M -8.58M -0.0124 -3.71 31.72M
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 £31.72 million. Chaarat Gold has a price to earnings ratio (PE ratio) of -3.71.

Chaarat Gold Share Discussion Threads

Showing 5451 to 5475 of 12375 messages
Chat Pages: Latest  219  218  217  216  215  214  213  212  211  210  209  208  Older
DateSubjectAuthorDiscuss
01/5/2018
09:42
Thanks Christy.

What's new in the clip:

The equity part will be done by BMO (CGH's North American broker), with backing from major global institution (Blackrock?) - certainly smacks of TSX listing.

The debt part by 'a large East European bank' - this was leaked as being Sberbank

casual47
01/5/2018
09:31
Latest presentation that may be helpful...
christy41
01/5/2018
09:09
[Deleted as didn't make much sense]
casual47
01/5/2018
09:05
1 CAD is about 56p, 1 USD 73p.

Just psychologically it ought to take us out of the penny shares, either in USD or CAD or GBP terms.

casual47
01/5/2018
09:01
Do you think there will be a rights issue?

I would be shocked if any placing isn't at least 25p. For two good reasons:

1. The optics would be bad: it would be seen as to lessen the worth of the Chaarat asset and a penalty to existing holders

2. We had recent placing at 25p, again not a good look

I am expecting it to be nearer 50p.....but I'd be a little disappointed if it isn't around 75p.

casual47
01/5/2018
08:56
Possibly true but I am not getting on it (a premium that is). I have already asked Bob about participating in an equity raise and he has replied positively. If it is for the current market capitalisation or less at around 25p I am tempted to throw the kitchen sink at it!
jc2706
01/5/2018
08:46
Let's not forget: any new investors providing cash in exchange for equity are not just buying into Kumtor. They are buying into the potential of CGH+Kumtor where CGH will move from unfunded non-producer to funded near-producer. So I would expect the maths for how to arrive at a placing price to use a premium to current CGH shareprice when valueing Chaarat.
casual47
01/5/2018
08:42
HGM is valued at about $850m currently.

I think the Kumtor offer could be increased to $900m, if we go by the leaked news article.

I am a holder of HGM and I think they are undervalued, some of that is due to the Russian aspect (Putin, country risk, sanctions, ...) .

Positive that HGM have over CGH: they pay a good dividend. I can't see CGH already introducing a divi?

Positive that CGH will have: excitement of the new and a virgin mega blockbuster mine. Imo this aspect could add a significant premium compared to HGM where investors are probably a little bored.

casual47
01/5/2018
08:10
As suggested on LSE, if you check out HGM's stats they are similar to what a Chaarat with 50% of Kumtor would possess (production, debt, resources/reserves) with a similar geographical focus.
jc2706
01/5/2018
08:00
(Clearly i am holding out for £1 at least)
casual47
01/5/2018
07:53
Chaarat itself could be valued at 800+m USD if you add current mcap + 400m USD Kumtor + debt.

Issuing shares at $1+ to arrive to total issued shares of 750m seems not an unreasonable scenario.

casual47
01/5/2018
07:47
Agreed could be a bargain. Chaarat must feel there is value in it or they wouldn't have made the offer.
fishhead1
01/5/2018
07:27
Issueing new shares to buy a free cash flow generating asset isn't necessarily dilution, imo. All depends on where they pitch it share price Could be the bargain of the century.
casual47
01/5/2018
07:16
At $400m for 50% Kumtor it will have paid for itself in about 5 years.

Given the free cash flow generated by kumtor I imagine that the debt aspect could be significant.

Nothing in the latest RNS we didn't already know, just reiterating the political pressure aspect, which could mean they must feel positive about that.

casual47
01/5/2018
07:09
There is obviously going to be some major dilution to existing shareholders, but weighing that against acquiring a producing asset of 500k oz per annum, chaarat obviously think it is worth it (only a 50% share of which will be Chaarats).

I think it was mentioned previously, but there should be a huge re-rating of the share going from an unfinanced reserve to a producing mine.

Seems likely by the wording that the government will back this and I wouldn't be surprised to see this go through.

fishhead1
01/5/2018
06:53
This was stated from the beginning. It is very unlikely that the banks would loan the entire amount without the shareholders stumping up some of the cash.
jc2706
01/5/2018
06:50
debt / equity...
asturius101
01/5/2018
06:16
RNS

Getting interesting now.

Where's CGH getting the cash from to finance such a major transaction?

gersemi
30/4/2018
14:07
Now that the FS is out will we see the completion of the $15m/$20m placing/loan?

If they want to start with the production prep work of Tulkubash in q3 then we ought to hear about financing soon as we are a 1/3rd into q2 and the financing could easily take a month or two to finalise, especially if an EGM is needed.

casual47
30/4/2018
12:45
Who's "they"?
casual47
30/4/2018
12:34
They are all guns firing to smash "Paper-Gold" to end April.

Are they trying to black out news of the Israeli strike on Syria by thumping Gold and
headlining Apple`s squandering of $Billions on Buy Backs and Shareholder divis.?

Who knows what is true in our Faked Economy !?

richgit
30/4/2018
11:09
Fingers crossed the recent M&A strategy didn't just come to MA one day but was instigated by 3rd party big beasts (e.g. Blackrock) and/or the president of Kyrgyzstan who are maybe disappointed with the way Centerra have been doing things.
casual47
30/4/2018
11:05
The FS seems to confirm the need for the acquisition of cash generating asset(s) to allow them to develop Chaarat as it looks like Chaarat on its own is still too risky, on paper at least.

Perhaps "go big (e.g. acquire Kumtor) or go home (keep drilling until the numbers add up/put Chaarat up for sale)" is the motto here.

casual47
30/4/2018
08:58
Whilst we can never guarantee the future-the potentials for Money men to unlock
a potentially gargantuam value of 6 Million Gold ounces will see few such possibilities within the next 10 years- as Mr Randgold points out.

Some possible foresights are that currently circa 7 stocks hold up the US Markets
and most of those are at valuations of insanity,whilst their 70% consumer based economy is knocking on the exhausted debt scenario door.
Apple also looks vulnerable,and if Apple sneezes others may catch pneumonia.

Adding to that we have an ongoing push for War by Israel,Saudi Arabia and the US Neocons,so predicting what price Gold will be as world mine production faces declines is anyones guess,albeit potentially somewhat higher than today.

The potentials for CGH to merely offer a 2 year production beyond pay back would
make the Capex a walk in the park on any money man`s calculator,so who would bet against it

I daresay by 2019 Gold anything will take over from Amazon`s hidden truths of
$billions of no profit turnover.

Until then

Amen.

richgit
30/4/2018
07:32
Apologies for the hopeless typing!
jc2706
Chat Pages: Latest  219  218  217  216  215  214  213  212  211  210  209  208  Older

Your Recent History

Delayed Upgrade Clock