Chaarat Gold Share Discussion Threads

[2pablo] 07/10/2019 07:15

They've got those dates wrong on today's RNS - he's bought on the 9th already!

[casual47] 04/10/2019 11:26

This could be a potentially interesting future acquisition for Chaarat:

Nordgold's Suzdal mine in Kazakhstan.


Last year it produced about 80k oz and had an EBITDA of $55m.

The interesting aspect of it is that it has advanced refractory ore processing capabilities.

Nordgold had another asset there called Balazhal but they disposed of it last year so maybe they are looking for an exit?

[casual47] 04/10/2019 10:39

36p is close to the conversion price of the 2021 notes. I don't think that is a coincidence.

I expect the next highpoint for the share price to be close to the 42p option price. And I do expect that some of those options will be taken up at that point.

[juju44] 04/10/2019 10:35

Suit yourself

[casual47] 04/10/2019 10:34

A strange world where a near vertical 30% rise in share price is "market unmoved" and "not flying".

But I suppose Juju will find something to whine about.

[juju44] 04/10/2019 10:33

Its welcome but hardly earth moving

[casual47] 04/10/2019 10:32

So from 28p to 36p is the market being "unmoved"?

[juju44] 04/10/2019 10:28

I dont call 28p to 36p flying .

Oli thats my point - why is the market so unmoved by his relentless buying ?

[oli12] 04/10/2019 09:45

He’s loading up at 36p - unsurprising given he has previously paid more than this.

[casual47] 04/10/2019 09:40

Yes, because the share price clearly didn't fly from 28p to 36p

......

[juju44] 04/10/2019 09:38

I cant get my head around the chairman constantly buying above market price yet the share price doesnt fly . Haven't seen this before

[oli12] 04/10/2019 09:33

JuJu - always go with instinct if you are ever unsure about something.

[casual47] 04/10/2019 09:06

698,591 left to buy

News to be released once he has stopped buying? (Monday?)

[juju44] 03/10/2019 17:54

OLi . I cant seem to get comfortable with this share . It always seems to be vulnerable . It shouldn.t but we never got that surge suggesting a new world had arrived . So I keep being nervous with a potential double top staring at me now . Maybe I should lie down

[casual47] 03/10/2019 14:12

Things to possibly expect this month:

- Kapan reserves and LOM update. Was due end of September so should be soon-ish.

- Further Tulkubash drilling updates. I would guesstimate that they have drilled about 16.5km as of today.

- Q3 operational results end of October

Perhaps the Kapan reserves and LOM update will be bundled with the operational results, like it was for the 29th July update?

[casual47] 03/10/2019 13:58

Both big 'O' trades from today and yesterday, 500k shares worth in total, were at 36.60p.

I can't really see where the counter trade(s) that tally up to these are so maybe we will get a delayed trade.

Not long now to the end of the waiver -- just 11 trading hours left.

[oli12] 03/10/2019 13:00

That’s the sprit JuJu.

[juju44] 03/10/2019 12:16

I sold CEY at 90p to add here at 26p so I guess I should be grateful

[jc2706] 03/10/2019 11:45

Yes, I see from the BBs that is the case. I confess that I don't follow CEY that closely as I prefer the smaller miners.

[casual47] 03/10/2019 11:38

The shareprice drop for CEY is more to do with that they have effectively issued another profit warning related to not achieving the 2019 oz guidance they had reconfimed only weeks before.

The "retirement" of the CEO is, I think, him being pushed out because he has now overseen several of these unexpected downward guidance revisions.

[jc2706] 03/10/2019 11:34

CEY's reaction to the retirement of their CEO seems rather excessive (of course, it coincides with a period of weaker gold prices and the uncertainty associated with a major holder selling down). The person who was interested in switching to CEY will now be moaning about the share price and saying how bad the company now is!

[casual47] 03/10/2019 10:59

While research notes from in-house brokers/advisers need to be taken with a pinch of salt they often do contain information and analysis which can be useful.

I'd urge folk to read the Hannam doc, always best to have as many eyes on this stuff as possible.

[casual47] 03/10/2019 10:53

According to the Hannam doc the Net Operating Profit After Tax (NOPAT) for Kapan will be $6m this year, growing to $11m thereafter.

After interest and debt repayment there won't be much left of that but the upside is that the Kapan debt will have reduced (to $34m?) and meanwhile Kapan has provided $10m FCF this year (rising to $13m from 2021).

If this is how it plays out then I think we can say that the Kapan purchase, all off the back of just $5m in cash, was a very good one.

[oli12] 03/10/2019 10:50

Well CEY having a shocker so whoever was wishing they had invested there oppose to Chaarat should be happy they didn’t.