Chaarat Gold Share Discussion Threads

[casual47] 11/11/2019 07:31

Looks like a very honest update and achievable mine plan.

Not quite as rosy a picture as what Polymetal described prior to purchase but it delivers what Chaarat set out to do: provide cash flow and transform the company from developer to producer.

[oli12] 11/11/2019 07:03

Happy Monday - mine plan and reserve update to read.

[casual47] 09/11/2019 15:07

Shareprice of Barrick Gold (NYSE:GOLD)

In 1999: ranged about 17-22

In 2019: ranged 11-20

Why are you posting all this gold bug stuff on gold miner BBs again?

[casual47] 08/11/2019 19:12

Didn't see the below before (from the corporate website):

"The Company’s head of legal, Sergei Zhukov, also acts as company secretary. This role is likely to be devolved in the near future to a newly-appointed legal director. The Company is currently at the later stages of recruiting for this position"

[casual47] 08/11/2019 15:44

The corporate website has had a makeover. Looks pretty good.

[casual47] 08/11/2019 11:30

Same way Ikea's Stichting INGKA Foundation is still linked to the Ikea family.



This Dutch Stichting/Foundation thing appears to be quite popular with Swedish billionaires....

[2pablo] 08/11/2019 11:22

Indeed 27 March 2017 :

Chaarat (AIM - CGH), the AIM quoted exploration and development company with assets in the Kyrgyz Republic, was informed on 23rd March that with effect from 30th January 2017, ownership of Sarastro Group Limited ("Sarastro") was transferred from Gerard De Geer to the Stichting Pamina Foundation.



Sarastro holds 17,606,228 ordinary shares of US$ 0.01 representing 5.00% of the issued share capital of the Company.

------------------------------------------------------
Think it still is linked to Gerard de Geer isn't it?

[casual47] 08/11/2019 07:11

Sarastro have increased their holding:

Before: 17,606,228
After: 17,892,011

The reduction in % is due to shares in issue increasing to 455,743,475

[casual47] 06/11/2019 09:50

It's a clever logo. The yellow dot in the C of course being the gold in the smelter.

[oli12] 06/11/2019 09:48

Nice video, only just noticed the refreshed logo as well - that alone has got to get us to 40p.

[casual47] 06/11/2019 09:31

Chaarat Zaav have a new YouTube clip out with good views of the area:



This is the text that went with it (Google translated):

Chaarat Zaav - presentation video

Chaarat deposit is located in Chatkal district of Jalal-Abad region.

Confirmed gold reserves - more than 91 tons.

This field has been fully explored through foreign investment in the post-Soviet period from scratch. The license for its development is owned by Chaarat Zaav CJSC, a subsidiary of the British company Chaarat Gold Holdings Limited.

At the moment, construction of the mining and processing plant is underway. An access road and a bridge over the Sandalash River have been completed, an ore road, explosives depots and a shift camp are being built. Design work is underway with the involvement of leading world designers from Canada, South Africa, the UK, Peru and Turkey.

In addition, exploration is ongoing - drilling is under way to obtain accurate samples and an additional estimate of gold reserves. So, in 2019, 20,000 meters of geological wells were drilled.

All exploration and construction works are carried out in strict accordance with safety regulations and environmental standards of the Kyrgyz Republic.

Field infrastructure facilities are built throughout the year, including the winter period.

[casual47] 05/11/2019 14:15

Chaarat has been lucky with the gold price, it offset the issues with lower grade, recovery and the availability of the trucking fleet.

I wouldn't be surprised to see gold drop back to $1400/oz over the next quarter or so but hopefully all the issues and bottlenecks should have been resolved by then at Kapan so a $100/oz drop would hopefully be more than compensated by a similar decrease in cost/oz.

[casual47] 05/11/2019 13:14

The funding for both G&A in 2020 and the repayment of the $17m loan could come from a combination of new 2022 loan notes and e.g. refinancing the Kapan loan with a reduced principal repayment schedule (or make it interest only) and increasing it to e.g. $50m.

Not having to make repayments on the principal of the Kapan loan could free up $2m to $2.5m per quarter from Kapan's FCF, so $8m-$10m per annum (or thereabouts).

Imo dyor etc

[casual47] 05/11/2019 12:07

Kapan's LOM, as per January 2018 data, was 6 years, so that's down to nearly 4 years now.

If they can announce a new LOM of 6-7-8-more? based on June 2019 data then that will:

°Instantly multiply the NAV for Kapan

°Open the door to refinance the remaining $36m Kapan loan

°Confirm the validity of Chaarat's strategy of not only picking up assets cheaply but also deliver on unlocking additional value through increasing R&R and LOM.

[casual47] 05/11/2019 10:55

Labro has 2,474,731 shares left to buy under the waiver (61.86% of the original 4m)

[casual47] 05/11/2019 08:52

There is a difference between a "sell off" where the buys cannot sustain the share price and selling that happens into a rising share price If nobody was selling then nobody could be buying and the share price wouldn't go anywhere, so the fact of sales themselves is neither here nor there.

The share price appears to have stabilised at 37p for a few weeks now but this coincided with Labro reducing the pace and volume of their buys also, almost as if they are happy to keep it stabilised at this point.

With Kapan news due next couple of weeks I wouldn't be surprised to see them notch things up again and perhaps see the share price break into the 40s?

In my opinion, Mr. A appears to be carefully constructing the narrative that he wants to market to investors and that includes driving the shareprice to show a chart which looks very much like the current one.

[jc2706] 05/11/2019 07:43

In my experience share buy backs (this is akin to one) always attract selling right from the off. It is hardly surprising (but can be frustrating) as it gives those who wish to depart a way out relatively easily. But this process has been reasonably positive so far and the share price doesn't tend to collapse immediately the allotted number of shares have been bought.

[casual47] 04/11/2019 17:41

Happy Monday to you too, Juju

[juju44] 04/11/2019 17:36

You are an aggressive little sh*t . I see you manage to offend peeps on other boards too . You must have had a terrible childhood with the girls laughing at you

[casual47] 04/11/2019 17:34

There is nothing logical in describing a rise from 28p to 38p as "punters keep selling", especially when 37-38p has held for nearly a month.

[juju44] 04/11/2019 17:33

You are like a black widow hiding in the corner waiting to pounce on the innocent . I made a perfectly logical observation

[casual47] 04/11/2019 17:17

Typical Juju move to pounce on the first trade to slightly dip below the weeks long trading channel.

Also typical that Juju is 100% wrong.

The shareprice support has been surprisingly robust all the way to 38p.

[juju44] 04/11/2019 16:07

Strange with all this director buying the punters keep selling