Chaarat Gold Share Discussion Threads

[2pablo] 03/10/2019 09:48

Reckon we're owed a 'Holdings' then but he takes his time on completing his purchases doesn't he? A very unhurried man

[casual47] 03/10/2019 08:47

37p UT start.

No holding RNS yet for any day of this week.

[2pablo] 02/10/2019 15:09

Maybe Martin A stepping up, after 150k earlier

[2pablo] 02/10/2019 15:08

Big trade, maybe a Sell maybe not : 300k @ 36.6p

[casual47] 02/10/2019 11:07

Looks like Chaarat will be at the London Mines & Money conference, 25-27 November.

[casual47] 02/10/2019 09:48

An EBITDA of ~$11m in FY19 would imply an EBITDA of ~$7.8m in H2 this year.

[casual47] 02/10/2019 09:03

Based on the above it does seem that the "run-rate" refers to performance in Q4 rather than the 11 months of ownership of Kapan.

With $10m post-tax FCF we should see the Kapan debt reduced to ~$33-34m this year?

[casual47] 02/10/2019 08:17

"we estimate EBITDA generation from Kapan of ~US$11m in FY19E, assuming ~US$1,480/oz for the remainder of the year (....) we anticipate a solid US$10m in post-tax FCF from Kapan in 2019E"

[casual47] 02/10/2019 07:29

The Hannam report is on the Chaarat website:

[2pablo] 01/10/2019 18:34

Still possible then

[casual47] 01/10/2019 16:51

Pabs, 1,398,581

[2pablo] 01/10/2019 16:43

Casual, how many has Martin left to Buy to make 4m? Beginning to look like he’ll fall short if he doesn’t buck his ideas up

[casual47] 01/10/2019 14:55

The asset is close to Polymetal's 300k pa oz Albazino mine.

I presume the $500m is to do with the refractory nature?

Either way, it is good to see these prices being paid.

If this asset was in the US we would see a lot more than 73$/oz paid for it

[jc2706] 01/10/2019 13:59

And for $500m you could bring both Tulkubash and Kyzyltash into production. They must have paid that amount for a reason as it does seem excessive.

[casual47] 01/10/2019 12:26

At $73 per oz of M&I category Kapan would be worth about $130m, and that is a producing asset, not a development one.....

For the Kyrgyz assets this calculation gets you to $450m......

[casual47] 01/10/2019 12:23

Hard to dig into it without further data.

But it certainly is an interesting price for a development asset in Russia. Corresponds to about $73 for each M&I category oz. (The inferred of this asset is negligible, less than 100k oz AFAIK).

$500m could take Chaarat's Kyrgyz assets a long way, especially considering that after two years there would be money coming in...

Seems to me that the $252m valuation for the Kyrgyz assets is certainly not fantastical.

[jc2706] 01/10/2019 12:05

On the face of it, that is a pretty poor deal. I can only assume that the geologists think that there is a LOT more gold to be found there as that can be the only justification for paying what they did.

[oli12] 30/9/2019 08:25

37p ask. Any takers? LOL let’s hope the horse is running and not ruining

[juju44] 29/9/2019 19:35

Lets hope that is just a slip[ of the pen

[sparkyboy1] 28/9/2019 18:51

juju the horse is up and ruining again good luck

[casual47] 28/9/2019 11:13

We might get news on Kapan R&R and a further Tulkubash drilling update this Monday.

For Kapan they have planned a 50k drill campaign this year so they could already be sitting on more than 30km drill data in addition to what they did in 2018. I wonder if some of that will be included in the new R&R update.

For Tulkubash they could have completed about 16km drilling to date. That should already include some kilometers of reconnaissance drilling so they may already have info on the district aspect of the resource.

[2pablo] 27/9/2019 23:03

Loads of good posts, mostly mine(!), on LSE(London South East). Look for pablo2 posts. I’ve been in touch with Dave Reeves who took CAI out of KRS several times. He’s the CAI CEO in Oz but used to be the KRS one. KRS are awaiting their manganese license in Togo and have been waiting years but noises seem to be being made now

[scott1664] 27/9/2019 22:31

Where can I find out more about KRS pablo?