Chaarat Gold Share Discussion Threads

[juju44] 12/11/2019 14:35

I am not asking you to respond to me . I make a statement that ordinary investors are ignoring this and the trades prove it . This is despite all the director buys so what happens when the dont buy ? If you want to answer that question then fine , please respond but your only response is to try and belittle my input .
I am very happy for you to ignore my posts

[casual47] 12/11/2019 14:33

Chaarat have managed to bring together:

The EBRD, the most senior Kyrgyz politician after their prime minister, the most senior official of the Chatkal region where Chaarat's assets are, the UK ambassador to Kyrgyzstan, the Kyrgyz ambassador to the UK, the former UK ambassador to Kyrgyzstan who is now the ombudsman within Kyrgyzstan and tasked with resolving disputes between government and business; and Lord Waverley, a UK peer with longstanding interests in Central Asia.

Why can't you be happy about something like this for a moment?

[casual47] 12/11/2019 14:26

Juju, looks like you get frazzled whichever way I respond to you.

I am happy with my investment here. It's a high risk speculative share given that its success depends in the short term on the directors's ability to raise $80m in the next three months or so.

I won't be selling at current shareprice or lower ones and I have time to wait for the prize.

What else do you need me to say?

[juju44] 12/11/2019 14:18

Casual , you cant stop trying to be the alpha girl . Small investors are not buying this despite all the director buying . So what happens when they stop buying ? Maybe not so good as all the news is not exciting the market

[casual47] 12/11/2019 14:08

The man in the audience on the left is the UK's ambassador to Kyrgyzstan

[casual47] 12/11/2019 14:05

A peer of the realm opened the Chaarat-EBRD Kyrgyz investment forum

[jc2706] 12/11/2019 13:43

In my experience share buy backs just encourage PIs to sell rather than the more logical buy. Presumably they see it as a low risk exit at that point.

[casual47] 12/11/2019 13:35

Someone's loading up:

35.8p 1 AT 13:31:22

[casual47] 12/11/2019 12:39

I have been buying since suspension was lifted at various times when the shareprice was between 18p and 29.5p. In total I now have three time as many shares as I had back in April 2018.

Chaarat's mcap is quite substantial, comparatively. While this is still technically a penny stock I wouldn't really compare it to such, so I am not expecting penny stock gamblers here.

[juju44] 12/11/2019 12:27

Beggars belief that all this director buying has generated so little enthusiasm from ordinary punters. In fact its the reverse . Logic would suggest that ordinary Joe should be gobbling these up on the coat tails of the directors but its not the case here

[2pablo] 11/11/2019 20:00

You may be right Casual but it would be good to generate interest for our share. I was thinking along the lines of ii's buying, probably incognito as below 3%, and that giving our share price a push. The liquidity and buying leading to a rising share price that snowballs.

At the moment we've reached a plateau we can't get beyond through lack of interest and liquidity. We're lucky we have support at this level or there would only be one way to go

[casual47] 11/11/2019 19:49

Dekel managed to attract lots of IIs, e.g. Ruffer, Blackrock, UBS, and it didn't do us any good, Blackrock in fact nearly killed the company.

[casual47] 11/11/2019 19:48

Possible reasons for the lack of IIs since Mr A took over could be:

1. They want to avoid overhang and prefer to bring onboard IIs who they know will support them longer term

2. They want to avoid dilution and harming the share price The usual path to attract IIs is to do a discounted placing for them

3. Control of the company, avoid any risk of takeovers before enough value has been achieved

[casual47] 11/11/2019 19:43

Don't think the mcap is the issue, lots of smaller caps have good II support.

E.g. HUM at £78m mcap has:

Shareholder* %
Sustainable Capital Ltd 12.1%
Ruffer LLP 9.0%
Odey Asset Management 6.0%
Majedie Asset Management Ltd 4.3%
Standard Life Aberdeen Plc 5.0%

[2pablo] 11/11/2019 17:16

"we bought the Kapan Mine in early 2019 with a 5-year LOM and now, net of depletion, we have a 7-year LOM, supports this confidence." that says it all really and is excellent. We look to extend the LOM as we deplete, hopefully keeping ahead of the magic 7 years for a few years yet.

Hope that investment forum works wonder for our funding. Pity no pi's are interested in Chaarat, I suppose they feel they've missed the boat now but so few of us are on board. Need some ii's to get interested, the mkt cap of £166m though is just too small for many.

[casual47] 11/11/2019 14:28

Tomorrow is Chaarat's Kyrgyz investment forum which they organise with the EBRD.

What better time to demonstrate the changed investment climate in Kyrgyzstan for them to announce that the EBRD will be a cornerstone investor in the Tulkubash heap leach mining project....

With some luck this is the reason why they pushed it back from June/July when they held the event previously....

[casual47] 11/11/2019 12:06

My back of cigarette packet calculation of target share price before any news about Tulkubash financing (conversion rate 1.28, shares in issue 456m):

Kapan:
If we use an EV(Kapan only)/EBITDA of 6, assume debt allocated to Kapan is $36m: 14.39p

Krygyzstan:
If we accept the $252m valuation given by the JV with Chaarat owning 87.5% of that, assume $62m debt allocation ($78m total debt minus $36m Kapan allocation plus new $20m debt for 2020 G&A): 27.15p

Total: 41.5p

[casual47] 11/11/2019 10:20

With EBITDA guidance for the 7yr LOMP now maintained at $20m pa and average LOMP production at 65k oz au eq pa (60k internal, 5k 3rd party) they ought to be able to refinance the loan and replace it with e.g. a new $50m facility, I think?

[casual47] 11/11/2019 08:53

Maybe try reading an RNS for a change and trying to understand its implications. Perhaps it will stop you from being disappointed whenever your charting tea leaves don't live up to reality.

[juju44] 11/11/2019 08:48

Takes one to know one

[casual47] 11/11/2019 08:30

That's about the level of intelligent opinion I've come to expect from you, Juju.

[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.