Chaarat Gold Share Discussion Threads

[jc2706] 08/10/2019 08:46

There is no double top. This is a misunderstanding of the standard chart definition. However, if you do believe in charting then there is support from the lower bound of the medium term channel in the late 20s. BUT, the price broke above that channel and is now back testing the upper line of that channel which should act as some support. If that holds then there is no immediate likelihood of a return to the late 20s. If it doesn't then that opens up the possibility.

If you believe that charting adds value of course. :-)

[casual47] 08/10/2019 08:20

Yes, they exercise at 15p.

If there is a bigger picture advantage to doing something about it then they will, imo.

[2pablo] 08/10/2019 08:18

Didn’t you say the warrants are @15p and they expire on December. It will be very supportive to change those but very strange, surely he’s not our benefactor

[casual47] 08/10/2019 08:11

The warrants aren't part of it as they are not incentives but I wouldn't be surprised if something is done about them too.

[2pablo] 08/10/2019 07:56

Thanks Casual, doesn’t seem to be a boon to them though. I haven’t exactly done the figures nor have I searched out the previous ‘incentive plan’ but all good for us shareholders.

Presumably Martin thinks the time is crucial to keep the share price under control before we finalise big funding. Are Martin’s 21m warrants also in said scheme?

[casual47] 08/10/2019 07:34

Pabs, the surrender is part of the new incentive scheme as announced previously.

[2pablo] 08/10/2019 07:21

Well that is very surprising and welcome to me - another 4m waiver!

The other RNS, I gather Bob Benbow and Artem have surrendered options to have gifts of shares. Less shares have been created, so less dilution. Surprising but good, either they are wonderfully generous or they didn't have the cash to exercise the Options perhaps, although this can often be done in such a way that shares are sold first to generate the cash (and tax) to fulfill the options, I believe.

[oli12] 08/10/2019 07:08

Waiver extended (Jan 2020)

[2pablo] 07/10/2019 21:13

Positive Casual, but there probably will be a temporary slide to perhaps 32p even. That should be a support level I'd have thought prior to news.

[casual47] 07/10/2019 19:06

The key takeaway is not a drop on little volume, which is business as usual here, but the rise from 28p to 37p.

The fact that the shareprice was allowed to go all the way to 37p and hold around 36p, without any significant counter-selling during that time shows that this is ready for a further breakout when/if big news drops.

If they want to complete project finance by end of year or even early 2020 then we should get news on a signed term sheet very soon - any day now. Hopefully that alone will see us in the 40s.

[2pablo] 07/10/2019 18:50

Can't see any 'double top' either. Anyway, the share price here is going to slide a little as it was very 'overbought' with Martin A. topping up every day.

Most of the loose holdings will have been flushed out in the last weeks but the mm's have to make a market and there is clearly going to be not as much Buying pressure for a while so has to slide a way.

[casual47] 07/10/2019 18:18

Even if we assume for a minute that charting is valid and not the investing world's equivalent of astrology then you would still be wrong. The chart is not showing a double top by any standard definition.

[eentweedrie] 07/10/2019 18:12

chart looks like its going back to the 20's imho

[juju44] 07/10/2019 18:10

Not worthless . I called a double top and its happening - as to have some value

[goldglimmer] 07/10/2019 16:55

Juju, you are really pathetic! You can choose to own the stock or not. All your comments on your personal thoughts are just worthless so keep them to yourself. This is a place to contribute in a structured way with either interesting information or value-added thoughts.

[juju44] 07/10/2019 16:28

You are hilarious

[casual47] 07/10/2019 16:28

The chart doesn't say anything. You are just making it up.

[juju44] 07/10/2019 16:25

I quite like celery and its healthy .

Ypur fundamentals never produced the gains you expected 18 onths ago . I prefer the charts and if chart says double top , I accept it . You dont have to

[casual47] 07/10/2019 16:15

You are not interested in the fundamentals, you never comment on the substance of any RNS and you couldn't be pleased when the shareprice hit 36p either so...

0_o

Reading your posts is the BB equivalent of chewing a stick of celery.....

[juju44] 07/10/2019 16:09

Not to me if my shares go down .Like I said - double top

[casual47] 07/10/2019 15:49

Predictable. Doesn't show up for the week where it went up then first one to post as soon as it wobbles.

There's only been 8 smallish trades so far. The chart movement on that volume is meaningless.

[juju44] 07/10/2019 15:44

Well thats the double top in now

[casual47] 07/10/2019 10:01

He had 200k odd still left to buy. (So less than $100k worth)

There are no more cheap options -- all legacy options should have been replaced under the new incentive scheme. The only options he ought to have now are the 42p ones.

He does have 21m warrants at 15p which expire in December.

A third of the 59m options at 42p have already been vested with another third to be vested end of the year. The final third will vest end of next year.

I fully expect there to be some sort of coordinated option buying before long by management and BOD, imo.

[2pablo] 07/10/2019 09:54

Casual, so, taking those amounts as correct and reading 4th instead of 9th, how many did Mr A complete at? Just a few short?

Nice to have £1m or so spare to make a few purchases when he's got lots of cheaper Options he needs to exercise soon

We await a) a correction RNS on that date of 'Oct 9th purchased'
b) some resource news hopefully to give Life of Mine increases at both Tulkubash and Kapan
c) there's always funding news and shuffling Loan Notes etc due

Meanwhile winter inexorably closes in on those intrepid Chaarat Gold soldiers, let's hope it's a short one