Chaarat Gold Share Discussion Threads

[jc2706] 06/1/2020 12:56

Casual47,

The last RNS in 2019 indicated that the revised reserves and resources for Tulkubash would be released in Q1 2020.

[casual47] 06/1/2020 12:36

We are now well overdue news on Tulkubash M&I.

With some luck the reason for this delay will turn out to be the need to completely remodel the pits from scratch due to vastly expanded ore bodies and improved recovery rates....

Perhaps with a rejigged sequencing of when and where they choose to mine they can dramatically increase the upfront gold recovery and further decrease the initial capex costs.

[casual47] 06/1/2020 12:32

Chaarat is rather more sensitive to the gold price than a lot of other miners so we could see a more dramatic rerating in the longer term if gold retains or increases its strength.

E.g. the EBITDA for Kapan in the most recent presentations was based on a LOM gold price of $1400/oz. If this will be e.g. $1550/oz instead then we could be looking at a near doubling of the net profit.

The NPV for Tulkubash would improve rather steeply too.

[fishhead1] 06/1/2020 09:09

$1,550 is a massive technical area for gold. Once this is breached decisively it should be clear running all the way to the old high at the $1,920 region.

[oli12] 06/1/2020 07:22

Price of gold looking perky.

[richgit] 04/1/2020 16:11

If you care to listen - He gives a good summary of the real Iran situation-from which
Individuals can make their own decisions.

I knew the War against Iraq was totally illegal and without any just cause whatsoever
- all lies by the Deep State and their mouthpieces -Bush,Bliar etc etc,yet understanding the Iran,Israel,Saudi situation is certainly complex.


It`s all why I hold Gold and Silver

[casual47] 04/1/2020 15:56

Infowars will not help with ignorance. Neither will Brain Force Plus.

[casual47] 04/1/2020 15:43

It's no surprise to me to see you sharing Infowars material...

[richgit] 04/1/2020 15:35

WAR...............

Understanding the real issues

[crapshoot2] 01/1/2020 12:40

Yes I would like to support that. Casuals posts have been really valuable to all the punters. Only 24 months to go before pouring gold at Tulkubash when according to Artem EBITDA rises from 20 to 80 million dollars. If they can announce the funding tied up,in Q1 2020 this share could rise sharply this year. Happy NY all round

[goldglimmer] 31/12/2019 19:08

Casual, thanks for all your value-added posts this year!

[casual47] 31/12/2019 12:02

Things to look forward to in Q1 2020:

Imminent:
°M&I for Tulkubash
°Maybe official news on the new VP hire

February:
Kapan Q4 operational results

March:
Tulkubash Reserves & updated BFS?

Any time during q1:
Tulkubash project finance news (Even just signing of non-binding term sheet)

Potentially also:
°Further agreements with Kyrgyz government to help secure funding (e.g. additional protections or guarantees re. international arbitration)
°Kapan refinancing
°$17m "short term loan" refinancing (matures in March, was already extended from summer 2019)
°loan notes replacements
°42p options being taken (possibly coordinated by whole board)
°working capital fund raise (either debt or equity)

Trump card:
M&A (Russia?)

[casual47] 29/12/2019 18:32

I presume this is the Private that Mr. Pilipenko brought home:

[casual47] 29/12/2019 18:24

This is a snippet from a long article about the Chechen war:

"After some time, Colonel Vyacheslav Pilipenko himself dug up the dismembered body of Private Rodionov. It was dangerous, because everything around his burial place was mined. By whom? Everything was mined: both the Russian military and the militants. And nobody made a map of minefields."

[casual47] 29/12/2019 17:59

Another article, it's definitely him, imo

"One of the main candidates for the post of ataman of TVKO is the hereditary Cossack Vyacheslav Pilipenko, who worked in the GRU system and was awarded the Order of Courage for participating in Chechen conflicts. Currently, he is an assistant to the plenipotentiary of the President of the Russian Federation in the North Caucasus Federal District Alexander Khloponin."

[casual47] 29/12/2019 17:29

Is this hire pointing to an imminent M&A within Russia?

Kyrgyzstan is listed as one of the countries where he has experience but both companies mentioned in his short bio, Rusal and InterRAO, don't have any assets or operations in Kyrgyzstan, they are mainly in Russia, Kazakhstan, Georgia and Armenia.

Now, having a former GRU colonel who is also a former Chieftain of the Terek Cossacks ("Ataman") might be extraordinarily useful if you wanted to do business in Russia and ensure all the officials are playing nice....no?

[casual47] 29/12/2019 17:24

From what I can gather he was a colonel in Russia's GRU, the military foreign intelligence service (some of their guys went sight-seeing in Salisbury and admired its cathedral spire so much......).

[casual47] 29/12/2019 16:57

Here's another article:

"Terek chieftain Vyacheslav Pilipenko followed in the footsteps of his predecessor, demanding arable land"

[casual47] 29/12/2019 16:55

I'm pretty sure it's him.

Here's the accompanying YouTube clip:



Here is his photo from Chaarat website:

[crapshoot2] 29/12/2019 10:43

This I think. Very important development in that it facilitates the funding.

[casual47] 27/12/2019 12:54

I'm also currently trying to identify the new Chaarat person in the middle - he signed the tax stabilisation agreement on behalf of Chaarat Holdings (the guy on the left is the MD of Chaarat Zaav who signed it on behalf of the Kyrgyz subsidiary)