Chaarat Gold Share Discussion Threads

[casual47] 31/1/2020 16:05

Sarastro, formerly part of the Labro concert party, has been buying.

[oli12] 31/1/2020 15:12

Ah ... In that case maybe not.... well not officially... yet ...

[casual47] 31/1/2020 15:10

Mr A stopped buying in December and has no waiver to allow him to do any further buys.

[oli12] 31/1/2020 14:56

Mr A must be tinkering me thinks - let’s see if an RNS is forthcoming.

[casual47] 31/1/2020 14:30

Still think a strong likely candidate to explain the delayed news (resource update, q4) is some sort of financial arrangement - e.g. loan notes, debt restructuring, Tulkubash financing, ....

[casual47] 31/1/2020 14:12

ATs stepping it up a gear.

Great to see more trades and great to see 39p holding (so far)

[juju44] 31/1/2020 12:01

Flurry of small PI trades . Unusual . Wonder what is causing the excitement

[casual47] 31/1/2020 11:50

Average trade size 4,339 so far.

[jc2706] 31/1/2020 11:46

I confess that I don't buy into the Friday RNS thesis. Well, not ones released during the market hours, after hours ones being a bit on the dubious side. I don't see that there is any bad news to bury as the market at large isn't really that cognisant of CGH anyway. Friday afternoon or Monday morning makes little difference to me.

[casual47] 31/1/2020 10:57

Anything they publish now will barely get the attention it needs. Might as well do it Monday morning.

Please: NO FRIDAY 5pm RNS. It is VERBOTEN.

[jc2706] 31/1/2020 10:55

The month isn't over yet!

[casual47] 31/1/2020 10:17

Looks like no operational news this month, which is disappointing, especially as they did give timely updates for H1 and Q3.

But, 41p has been paid which is a big milestone.

[casual47] 30/1/2020 23:25

Found another newly hired VP:



Vice President Corporate Development & Investor Relations
Chaarat Gold Holdings Limited
Aug 2019 – Present

About
Sourcing, diligence, negotiation and execution of M&A transactions and structured debt financings in corporate, private equity and investment banking roles focused on natural resource and renewable energy sectors. Investor Relations role capacity added since mid 2019.

Looks like an old colleague of the CFO.

[casual47] 30/1/2020 17:19

Well, with the current gold price the EBITDA for Kapan alone should comfortably surpass $25m pa. Using a reasonable EV(Kapan)/EBITDA of 7, taking into account the $34m bank debt, I arrive at a shareprice contribution of about 23p just for the Kapan asset.

Before Kapan was acquired the shareprice was 24p, there have been more shares issued since and more debt secured against the Kyrgyz assets but the gold price is a lot higher and we have the $31.5m JV with Ciftay.

So, just off those basics alone a shareprice in the 40s is quite fair....imo

How any news of e.g. EBRD funding for Tulkubash etc would play out is another matter...

[2pablo] 30/1/2020 17:05

I hate those UT trades. Certainly has been a big increase in volume the last weeks, good stuff.

Hopefully, not 'sell the news' guys going to dump at the first news, good, moderate or bad

[jc2706] 30/1/2020 16:50

Yes, very strange. Small amounts but very little selling. Somewhat misleading UT after hours.

[casual47] 30/1/2020 16:19

41p paid. Not sure what's happening but I like it.

[casual47] 30/1/2020 13:50

Nearly there:

39.87p paid

[casual47] 30/1/2020 12:20

Kyrgyzstan chosen as top travel destination

[casual47] 30/1/2020 10:21

39.697p paid!

Highest price in about 9 years

[casual47] 30/1/2020 10:19

The H1 Kapan update was released at 11:17 so it may yet be today, with the conf call tomorrow.

[jc2706] 30/1/2020 07:53

I wouldn't rule out one this week. The Friday RNS principal is largely associated with dubious little companies and I would hope that CGH is beyond that now.

[oli12] 30/1/2020 07:17

Looks like we will have to wait until Feb now, barring the Friday bad news RNS.....

[2pablo] 29/1/2020 17:11

Get in ! Maybe there's some leak of good news or perhaps the gold price is seriously helping sentiment towards us as we're a producer now