Chaarat Gold Share Discussion Threads

[scott1664] 04/11/2019 14:14

Thanks for that casual again.

[davidosh] 04/11/2019 11:42

Just to let shareholders and potential investors in Chaarat Gold Holdings know that the management team will be presenting on the opening day of the two day Mello London investor conference in Chiswick London W4 on Tuesday 12th and Wednesday 13th November and there will be an opportunity to take part in a Q&A at the end of each presentation. These are just a few of the companies taking part...



There will also be lots of quality keynote speakers, panel sessions and round table discussions looking at investment strategies & portfolio diversification plus sessions on.... How does a market maker work your share trades? What is undertaken in a company audit? What is hidden on the dark web? & how can retail investors get access to placings?



If you would like to join the thousand investors at the event you can gain 40% discount on your ticket by entering the code ADVFN40 when you purchase your ticket.

[casual47] 04/11/2019 10:33

Labro has 2,499,731 shares left to buy under the waiver (62.49% of the original 4m)

[oli12] 04/11/2019 10:03

Casual if you don’t know then there is no hope for the rest of us.

[casual47] 04/11/2019 09:44

The only way I can make sense of it:

Of the 21,367,521 warrants:

3,205,128 were exercised as normal (Labro paid 15p each for them and this money went to reducing the owed Labro loan)

Of the remaining 18,162,393:

About 577k were issued as normal (Labro paid 15p each for them and was used to reduce the owed Labro loan)

The rest were done on a "net issuance" basis: 10.6m "free" shares in exchange for 17.6m warrants.

This then adds up to the 14m shares issued in total.

I think....

[casual47] 04/11/2019 09:18

The warrants had a "net issuance" clause which as I understand it allows a holder to exchange all or a portion of the warrant rights ("X") for issued shares ("Y") based on this formula:

Y = X * (B - A) / B

Where A is the warrant exercise price per share (15p) and B is the "fair value" price, e.g. 38p.

Applying this formula would mean Labro would get ~13m free shares in exchange for the warrants.

I am not sure how the calculation in the RNS came about. The wording is not very clear. I am not sure if the cash was paid to Labro or offset against the loan....

[casual47] 04/11/2019 08:10

If someone can explain the math behind the warrants RNS that would be nice.

[casual47] 03/11/2019 18:49

Good to see them hiring new folk in the London office.

Let's hope the new hire will soon get busy in particular with this aspect of the role spec:

"the ability to prepare accounting memos for technical topics and new contracts that the Group may enter into. (Acquisition, JV accounting, IFRS 16 etc.)"

[2pablo] 03/11/2019 16:26

Casual, there you go, get applying

[casual47] 02/11/2019 17:42

Financial Reporting Specialist
Robert Walters
London, GB 1d ago
Robert Walters

This resources company are listed and based in the West-End of London. They have experienced phenomenal growth from 2016 with their stock price almost doubling year on year.

With a relaxed working policy, a strong candidate with a proactive attitude would love the autonomy this role offers. This newly created role is originating from organic growth.

This role will encompass system implementation as well as well as analysis of forward looking accounting activities.

Purpose :

The Financial Reporting Specialist plays a pivotal role in ensuring high quality financial data for reporting purposes.

Typical Tasks :

Contributing to the Group financial statements including preparation and review of note disclosures for the Annual Report and interim and year-
end results announcements

Helping to ensure that Group Financial Reporting processes operate effectively and that defined timescales are adhered to
Act as a key Group Reporting resource on Finance projects as required, applying knowledge of IFRS, the Group consolidation system, as well as interpersonal and project management skills to ensure project deliverables are of a high standard and that projects progress within the agreed timescales
High quality review of financial information submitted by local teams for monthly actuals reporting, budgets and forecasts.
Taking ownership of the new system that has recently been implemented to continuously improve the reporting;
Up to date knowledge of IFRS and the new standard in order to identify the effect on the financial statements and the ability to prepare accounting memos for technical topics and new contracts that the Group may enter into.
Acquisition, JV accounting, IFRS 16 etc.)

General processing of day to day operations into the system, bank reconciliations etc.
Contributing to the audit process.
Knowledge of :

Operational mining knowledge an advantage
Understanding of complex commercial and technical accounting issues and good knowledge of IFRS very important
Comfortable with consolidations ours is simple and mainly manual as some of the entities are not within the system
Strong proven analytical skills and attention to detail
Advanced Excel skills and excellent computer literacy
Qualifications :

Qualified accountant - ACA or Equivelant
Degree in a relevant discipline
Ability to :

Use a range of data and information sources to perform analysis and produce management reports
Understand and apply relevant accounting principles, IFRS, policies and processes
Understand the fundamental principles of effective financial systems
Social Process Skills :

Demonstrate strong influencing skills across all employee levels, including peers and senior stakeholders.
Interact and work with people and partners in a culturally diverse environment and tie this in to the requirements and processes of the greater Chaarat Group in order to achieve objectives.
Work effectively using different mediums, face to face, telephone, video conference and email.
Provide advice and propose resolutions taking into account technical and commercial outcomes.
Demonstrate excellent communication skills (verbal and written) is essential
Have a solution driven work ethic and take ownership of tasks in their entirety.
Any other requirements to perform the work effectively?

Preparation or review of financial accounts
Operational experience in the mining industry desirable but not essential
Experience of working with cross-geographical teams
There is imidiate need for this role so, as a result early applications will be beneficial.

[casual47] 01/11/2019 13:53

Pabs, no idea. It's "email to RSVP"

[2pablo] 01/11/2019 11:17

That's a biggie Casual. Is it open to Private Investors, not that I will be going?

[casual47] 01/11/2019 09:36

Kyrgyz-British Investment Forum in London

Chaarat Zaav CJSC invites you to participate in the third Kyrgyz-British Investment Forum in London (London Forum) on November 12, 2019.

The annual London Forum has been held since 2017 at the initiative and with the support of the company, together with the European Bank for Reconstruction and Development (EBRD) in order to raise awareness among bona fide investors about the investment opportunities of the Kyrgyz Republic. Initially, the idea of holding the forum was supported by the current President of the Kyrgyz Republic, Sooronbai Jeenbekov, as the Prime Minister.

The Third London Forum is organized with the active participation and support of the Office of the President of the Kyrgyz Republic, the Embassy of the Kyrgyz Republic in the United Kingdom and is coordinated jointly with the European Bank for Reconstruction and Development, the Ministry of Foreign Affairs of the Kyrgyz Republic, the Ministry of Economy of the Kyrgyz Republic, and the Investment Promotion and Protection Agency of the Kyrgyz Republic.

The delegation from the Government of the Kyrgyz Republic in the forum will be represented at a high level in the following composition:

• Boronov K.A. - First Deputy Prime Minister of the Kyrgyz Republic;

• Imanaliev D.Sh. - Head of the Strategic Development, Economics and Finance Policy Department of the Office of the President of the Kyrgyz Republic;

• Busurmankulov E.B. - Deputy Head of the Government Office of the Kyrgyz Republic;

• Mukanbetov S.T. - Minister of Economy of the Kyrgyz Republic;

• Shumkarbek Adilbek uulu - Director of the Investment Promotion and Protection Agency of the Kyrgyz Republic;

• Maksat Damir uulu - Director of the Tourism Department of the Ministry of Culture, Information and Tourism of the Kyrgyz Republic;

• Eshaliev K.J. –Head of Chatkal District State Administration;

• Representatives of Kyrgyzstan’s business community.

The program of the event includes the presentation and discussion of investment opportunities in the main areas of economic development, such as the mining industry, information technologies, the banking and financial sector, tourism and regional development.

Representatives of investment institutions and businesses from both sides are expected to participate in the forum, which will undoubtedly contribute to the implementation of joint projects in the future.

[casual47] 31/10/2019 14:23

The $5.5m labro loan is more than offset by the dollar value represented by the sum of the 21m oustanding warrants at 15p plus the first tranche of 42p options that Mr. A has. I think such a swap seems not unlikely?

[casual47] 31/10/2019 14:11

Something I overlooked:

Not only has the Kapan loan reduced to $36m, the Labro loan went from $6m to $5.5m.

Compare and contrast:

"As of 23rd October"
Loans and borrowings 53
(casual: $17m loan and $36m Kapan)
Convertible loan notes 20
Labro Facility 5.5
Total debt (US$m) 78


"As of 30 Aug 2019"
Loans and borrowings 48
(casual: $10m loan and $38m Kapan)
Convertible loan notes 20
Labro Facility 6
Total debt (US$m) 73

[2pablo] 31/10/2019 12:44

No-one's selling much today or Buying. Seems the only thing happening trades-wise is a few pi's get bored and within a day or two Martin A has their shares

[juju44] 30/10/2019 17:24

If you have just joined why are you keen to sell just above todays price

[2pablo] 30/10/2019 16:30

Decent new target, 40p isn't much but 50p gives us the next level to aim for

[casual47] 30/10/2019 08:01

Not very meaningful, but:

Numis increased their target to 50p (from 40p)
Hanam maintained 41p

[casual47] 30/10/2019 07:43

Labro has 2,713,450 left to buy

[casual47] 29/10/2019 17:23

Third Kyrgyz-British Investment Forum to be held in London on November 12

The third Kyrgyz-British (London forum) investment forum will be held in London on November 12, according to the International Business Council (IBC).

The forum program includes a presentation and discussion of investment opportunities in projects in the mining industry, information technology, the banking and financial sector, tourism and regional development, the report said.

The annual London Forum has been held since 2017. The organizers are the Embassy of the Kyrgyz Republic in the United Kingdom together with the European Bank for Reconstruction and Development (EBRD) and Chaarat Gold Holdings ltd.

Delegation from the Government of the Kyrgyz Republic:
• First Deputy Prime Minister Kubatbek Boronov

• Head of the Department for Strategic Development, Economics and Finance Policy of the Presidential Administration Daniyar Imanaliev

• Deputy Chief of Staff of the Government Emilbek Busurmankulov

• Minister of Economics Sanjar Mukanbetov

• Director of the Investment Agency Shumkarbek Adilbek uulu

• Director of the Department of Tourism of the Ministry of Culture Maksat Damir uulu

• Head of Chatkal district state administration Kanzharbek Eshaliev

• representatives of the business of Kyrgyzstan