Chaarat Gold Share Discussion Threads

[richgit] 08/12/2018 16:56

Casual

You said .."If you hold a paper share until the apocalypse you are a fool."

I remind you that the World holds Trillions of shares in the $Dollar,and yes
they have already lost 93% which could become 100%,so the World is awash with fools





"ifs" are obviously always to be considered.

If we merely look at the situations of the $100trillion loaf in Zimbabwe`s past
and Weimar Germany when indeed some decided NOT to sell their Gold 10000 times
and were correct as Gold was rising 2000% per week.

It`s not easy to imagine what could be coming,yet it certainly will not be blind
trust in those assetless IOUs of the Major currencies.

A year from now,I daresay we will reasonably know which of our Gold/Silver stock picks are the ones to invest more in,or at least hold.













.

[richgit] 08/12/2018 15:43

casual47


I have plenty invested in shares,including CGH (one of my largest holdings).

Knwoing when any individual share becomes over-valued is never easy,yet hopefully
with each stock that does rise a multiple ,some profit is taken out as a pure cushion.

I cannot suggest when that may be my decision with CGH ,but then if sentiment
improves and the story progresses along with perception of a rising Gold price,then
in non flippancy that price may be somewhat beyond £2 per share for starters


We shall see.

[casual47] 08/12/2018 15:37

"when are you going to sell your stock ?"

Simple. When risk vs reward for my personal circumstances at the time tip too far toward risk.

E.g.

If the BOD prove unable to get major financing that's a red flag.

If the share price goes up so high that the risk of holding all that paper money outweighs the reward of further potential upside.

In both scenarios some (maybe all) my money will be taken off the table.

If you hold a paper share until the apocalypse you are a fool.

[casual47] 08/12/2018 15:19

Richgit, your vision of the future means that unless you have physical gold or silver under your mattress, and have the means to dispose of them when needed safely and securely, then everything is doomed. Including Chaarat shares.

Do you think that gold miner owners / directors are angelic and pure of thought, incapable of running a company into destruction?

[juju44] 08/12/2018 12:20

If gold can make a sustained rise , which it might , then delivery on Kapan , good story on Tulk and tying up finance and news on another acquisition , would all add up to the perfect storm for a return to trading

[oli12] 06/12/2018 17:42

Hopefully the Fast Running Horse will awaken next week, although given the markets maybe we are best suspended.

[casual47] 03/12/2018 16:02

It should be fairly easy to get funding for Kapan, even if they have to secure the whole thing 100% against all their assets (Kapan + Tulku + Kyzyl).

The net profits of Kapan should be enough to service any debt related to Kapan.

The only question in my mind is if they can find investors willing to stump up enough cash for bringing Tulkubash into production.

Worst case they can scale back and just:
1. Buy Kapan
2. Get enough funding to keep the lights on + pay for a drill program for 2019 to shore up the investment case for Tulku.

[oli12] 03/12/2018 15:50

Looking forward to some news re the acquisition this month and on the funding. I really hope after all the hype surrounding the prospect of acquisitions we can follow through and close a deal. OR will it amount to nothing and we get an RNS announcing Artem has left Chaarat - I am ready for anything. I really hope this management team succeeds however having been here on and off for many years one is cautions.

[casual47] 03/12/2018 15:09

I think this needs to be taken with a smidgen of salt -- the translation perhaps doesn't help.

I read about the juniper tree issue some time ago, though not in relation to Chaarat.

I think the context of this story is that this is a report about a mining conference in Kyrgyzstan where the particpants (including Chaarat and also Centerra were there) share what they think needs to be improved in terms of regulation etc.

My understanding of this is that Mr. Novak gave an illustration of the potential issues that red tape can cause.

[gorsuch] 03/12/2018 14:55

This part of the article doesn't impress me.

After ten years of research and exploration works on the Chaarat gold field, the Chaarat Zaav CJSC has to proceed directly to its development. In October, special equipment was delivered for construction of a gold mining factory. The company planned to receive the first gold by the end of 2020.

“Unfortunately, in 2020 there will be no gold,” Alexander Novak, the company’s Board chairman said. The obstacle is the ban on the cutting of especially valuable tree species, including junipers. The law on the abolition of this ban was adopted in 2015, but the government’s decree on bringing it into force has not yet been adopted. The company is ready to compensate for damage in the case of cutting down junipers and start construction.

[jc2706] 28/11/2018 13:07

Why worry? It is suspended and there is nothing we can do about it. Just watch and wait as the glorious story unfolds. Or doesn't. Either way, we are stuck currently.

[casual47] 28/11/2018 13:05

30 June 2018 CGH had US$5.9 million of cash.

Since then:

17.6m + 1m loan notes raised from investors (most of this is just swapping old loan notes to new ones, so doesn't raise new money)

5m loan note given to Poly, doesn't raise new money but pays down $55m to $50m

10m short term loan (presumably $5m to be used for Kapan deposit)

They have also engaged the Turkish construction company to begin the on the temporary base camp, which will cost a wee bit.

Then: "The remainder of construction activities for the Tulkubash Heap Leach Project is estimated to cost US$130 million."

So a long way to go yet.

[oli12] 28/11/2018 11:58

This could take a while..... the Fast Running Horse is more of a cantering nag.
They will be starting a just giving page next ..... my concerns are beginning to grow here, I am somewhat apprehensive hopefully my misgivings are misguided

[jc2706] 28/11/2018 11:39

Yes. Not quite what we are looking for. However, I am still pretty confident that the funding will be achieved.

[casual47] 28/11/2018 11:21

It all feels a bit erratic.

[casual47] 28/11/2018 11:17

Kinda makes a mockery of the "up to $100m". They have a few of these RNSs to go if they announce every $1m of what remains to raise of the "up to $50m"....

[2pablo] 28/11/2018 11:12

Another $1m in the bank but not getting near what we really need

[casual47] 27/11/2018 16:26

POLY is a massively leveraged company which has been selling off a lot of "non-core" assets to keep debt down and also has the "russian discount" factor.

Their Armenian business is almost literally change at the back of the sofa for them, so Chaarat is pretty inconsequential but will finally get rid of the highest AISC figures among their assets.

It's on my watchlist also, but there's better shares out there, imo.

[2pablo] 27/11/2018 16:22

POLY - that's been doing very well the last month or so and I've even received a Buy recommendation from a broker today. How much that's down to Chaarat I do not know but Accendo have POLY as a Trading Opportunity

[casual47] 27/11/2018 15:37

JC - I have far bigger positions in other shares but this one has the most potential to do something spectacular, something which could instantly transform my portfolio.

On paper, at the suspended shareprice, I'm already on a 2.5-odd "multibagger" but if Artem can put action to words it could become much more, which is why it gets a lot of my attention.

Ever since Artem joined we have had one big carrot after another dangled in front of us so it's not really surprising that some of us are rather stoked and also a little disappointed every time a milestone gets pushed back (or skipped altogether) and goalposts get moved.

[jc2706] 27/11/2018 14:57

I think that you must have a much larger position in this than me as I am not overly concerned about progress or the suspension. If it works, great. If not, so be it.

[casual47] 27/11/2018 12:38

Something is bound to happen soon, you don't take out a 6-9 month $10m loan on a whim.

The waiting doesn't get easier though. It would have been much easier if they had thrown us a bone in the form of the "early november" reserve report.

[casual47] 27/11/2018 11:40

Also, the original suspension was for Kumtor. Since then there is Kapan, which was announced only recently, so they will probably make some allowance for the fact that the whole RTO process is starting over again and that it may take some time to get the AIM admission documents ready.

Our BOD probably has some ability to slow down or speed things up as required. They will not be in a hurry to get suspension lifted if that would potentially damage the completion of the loan notes offer or the project financing.

I would say that possibly it has been pretty handy to have the share price fixed at the price it was...Might have been a lot more difficult to do had it been at 15p, where it was not long before.