Chaarat Gold Share Discussion Threads

[casual47] 24/9/2019 09:09

Wow. 35.6p paid

That's one way to increase liquidity....

[casual47] 24/9/2019 09:05

Only one smallish trade so far which got routed through NEX. Suggests to me there isn't much liquidity at the moment.

[oli12] 23/9/2019 17:15

Either way - IF it’s Martin buying for that price then it bodes well for tomorrow.

[casual47] 23/9/2019 17:00

Delayed from early afternoon so probably a buy as it was the highest price paid today

[oli12] 23/9/2019 16:57

35.30 sell @ the end. Bodes well for tomorrow.

[casual47] 23/9/2019 15:37

All the "signs" (equity share with mining contractor, independent majority board, focus on governance and ESG, very tight ship re. cash for management and making bonuses share-only, etc) appear to be pointing towards funding being very close to actually happening, imo.

[casual47] 23/9/2019 15:33

The two questions for looser hands will be (1) when/if we will likely hear about e.g. signed term sheets and (2) how high can it go when the market realises Chaarat will be fully funded and this thing is actually going to happen.

[oli12] 23/9/2019 15:23

the sub 35p stock will run out eventually - the buyer has picked up a nice amount today without the need to offer more.

[casual47] 23/9/2019 09:06

Seem to be buyer(s) other than Labro too. Just shy of about 3m trades last week but most of those are AT so I would say besides the Labro buys there could be more than 1m shares bought by others?

34.8p paid, meanwhile.

[casual47] 23/9/2019 08:42

I'm expecting at least the Kapan LOM and R&R update before the waiver runs out.

[oli12] 23/9/2019 08:40

Support still there, should maintain the momentum

[casual47] 23/9/2019 07:49

Good to see Labro's higher price paid at 34.6p

1,110,728 shares bought in total so far.

[casual47] 22/9/2019 11:33

The move up to 34p happened on a tiny fraction of the volume of the move to 30p that we saw after suspension was lifted.

A lot of the weaker hands should already have folded by now so it will be interesting to see what the support is going to 40p (and beyond?)

[oli12] 22/9/2019 11:18

OK so in theory it would be good for him to buy now pushing the share price upwards, this would provide a much firmer foundation from which the share price could launch on the back of transformational news. Let’s see.

[casual47] 22/9/2019 11:12

A term sheet will initially be non-binding so I can't see how that would stop him from buying.

Neither drill results or Kapan LOM would do so either.

[oli12] 22/9/2019 11:07

Is Mr A prevented from buying when he is privy to inside information? For example can he buy now in the knowledge that we could secure finance any day now? OR is he in the clear to buy given this is public knowledge? Same with drill results?

[casual47] 22/9/2019 10:49

If news of a signed term sheet drops then all bets are off on what the share price could be.

We haven't yet seen II buying in, in a way that puts them into 3% territory. If management are clear about not doing any further equity raises then they can only buy on the market.

[oli12] 22/9/2019 09:32

Pabs L2 looked strong on Friday - I sold a few at 34.2 however I feel we could push onward toward 40p. Let’s see what the week brings. I think I top sliced too soon.

[2pablo] 22/9/2019 06:59

Trades on Friday(and delayed 100k for Thursday) were not exactly in Martin's usual style but inspecting them further they were, roughly. So I'd expect an RNS Holdings Monday.

I wonder if we're into 'breakout' now? My chart knowledge is pretty basic but I'd say we've had 'breakout' and we're well 'overbought' on the RSI now. Think perhaps the charts indicate a pullback to consolidate at 32p (we are up from a low of about 26p on Aug 16th, so that's about 30% increase in a month!)

With fairly small volumes, charts are a little sketchy to put it mildly though. Perhaps Denver is giving a boost, certainly LoM extensions for Kapan and/or Tulkubash should really help and I'd expect they're on their way soon

[casual47] 21/9/2019 12:30

Quite a few items of my original "things we can expect soon" list have now materialised so here's an updated version:

- Kapan reserves and LOM update ("mid-year"). They added 607k AuEq oz to the 2018 M&I figures (more than 50% increase) so hopefully this will translate into an increased LOM and reserves.

- Further Tulkubash drilling updates. There were a lot of drill holes from August for which they had not yet received Assay results so were not included in the last update. I would guesstimate that they have drilled about 15km as of today.

- Will there be a Tulkubash interim resource statement? (last year this dropped 4th September and was based on 10,525m of drilling - though they did announce that they would some weeks before)

- More Labro purchases off the back of the waiver? Assuming it was Labro who drove the price up to 34p we should see a holding RNS?

- If project finance is progressing well then we should hear soon of signed (non-binding) term sheets.

- Q3 operational results end of October?

- Depending on how high the shareprice goes could we see: Loan note holders converting? Introduction of 2022/2023 Loan Notes to replace and roll-over the 2021 ones? Directors & Mgt already taking up the first tranche of options at 42p?

- Will we see new institutional investors added to the share register? This appears to be an objective of the BOD.

Anything else?

[casual47] 21/9/2019 12:15

Explorers are too risky even for me so I haven't been paying too much attention to what RWR is about but they seem to be generating a buzz about Kyrgyzstan and if this is something that takes hold of people's imagination it can only be good for the likes of Chaarat which have ~20km left to explore on their licence.

This together with having the Kumtor saga (mostly) behind us and several new deposits fairly close to Chaarat having started or starting shortly with production (Kuru-Tegerek, Jerooy) it must begin to dawn on a lot of industry folk that Kyrgyzstan is no longer the scary place it once was and that money can be made here.

[sparkyboy1] 21/9/2019 12:04

interesting read Casual, mickey Fulp link Rockwealth Resource (RWR)could be worth a punt for the brave or do you think we have missed the boat as the price has doubled recently. Good to hear him talking up the country's mining industry and chaarat gets mentioned

[casual47] 21/9/2019 11:27

Depending on how the shareprice goes I wonder if we will see the directors and Mgt will take up the first tranche of options at 42p.

Could be up to 19,758,351 shares bringing in up to $10.3m

[casual47] 21/9/2019 10:07

Another article pushing Kyrgyzstan as the new "go to" place for gold prospecting: