Chaarat Gold Share Discussion Threads

[casual47] 19/2/2020 08:02

The very conservative approach to R&R definition (while nevertheless still increasing reserves, grades and recovery) shows a degree of confidence.

LOM will have increased a smidgen to about 5.75yrs?

[jc2706] 19/2/2020 08:00

I would add that they don't tend to raise at a discount.

[jc2706] 19/2/2020 07:59

Avsome1968,

If you look at the RNS today in the funding section it clarifies this without being totally specific.

[casual47] 19/2/2020 07:57

"discussions have moved to detailed due diligence with one project financing group who are familiar with the sector and region and could act as a sole lender".

Can't be too many of those (familiar with region, big enough to act as sole lender) - surely must be either EBRD or one of the Russian banks.

[jc2706] 19/2/2020 07:57

You missed out the last bit of that paragraph which is revealing:

"and could act as a sole lender"

[avsome1968] 19/2/2020 07:57

Guys what's cash position here will they need to do a Equity Capital Raise again to get the mine up and running and of year, or half an half with finance, been watching these for a while.

[casual47] 19/2/2020 07:37

Key phrase: "With regards to project funding, we are delighted to confirm that discussions have now moved to due diligence and documentation with a leading sector project finance group in the region"

[2pablo] 19/2/2020 07:36

Well a whole raft of facts and figures. Don't look bad and funding sounds nailed on

[casual47] 18/2/2020 16:34

According to the October presentation the "broker nav" average of 47p was "calculated using H&P model with Au price $1,330/oz".

They suggested this would increase to 62p for a gold price of $1500/oz.

Would be interesting to know what this rises to at $1600/oz.....

[casual47] 18/2/2020 14:12

There has been quite a bit of a buzz about QRC across the Atlantic. I do hope that Chaarat is one of their first investments as it would put a big spotlight on Chaarat and may encourage folk to buy shares in Chaarat too. Either way, I imagine we will see QRC move imminently on building their portfolio. Fingers crossed.

[casual47] 18/2/2020 14:07

News just in:

Queen's Road Capital Announces Completion of Private Placement

Hong Kong, Hong Kong--(Newsfile Corp. - February 18, 2020) - Queen's Road Capital Investment Ltd. (TSXV: QRC) (the "Company" or "Queen's Road Capital") is pleased to announce that it has completed the previously announced private placement of 132,615,753 shares at a share price of $0.40 per share for gross proceeds of $53,046,301. The shares sold in the placement are subject to a four-month resale restriction which expires on 19 June 2020.

Queen's Road Capital has raised a total of approximately $84,000,000 since completing its change of business transaction on 3 February 2020. These funds will be used for investment and for general corporate purposes. The Company has granted 14,500,000 incentive stock options to certain directors, officers and consultants. The options have an exercise price of $0.55 per share and a term of 5 years.

Queen's Road Capital intends to become a leading financier to the global resource sector. The Company is a resource focused investment company, making investments in privately held and publicly traded resource companies. It is intended that the Company will acquire and hold securities for both long-term capital appreciation and short-term gains, with a focus on convertible debt securities and resource projects in advanced development or production located in safe jurisdictions.

[jc2706] 18/2/2020 10:09

Casual47's suggestion is a good one.

[malcontent] 18/2/2020 09:16

thanks juju

shudda guessed that one....

hang on, that's ashanti gold on NYSE

is there a code that works on ADVFN charts?

[malcontent] 17/2/2020 20:49

is there a code to chart the gold price ?
eg CGH for Chaarat / UKX for ftse100, what's the #code for gold?

[casual47] 17/2/2020 18:22

I *didn't* need to wonder at what point you would scurry from under the floorboards.

[juju44] 17/2/2020 18:16

I wondered how long it would take the great know all to crawl out of his hole

[casual47] 17/2/2020 16:53

Trust Juju to come up with the most stupid question.

[juju44] 17/2/2020 16:48

What do they know

[oli12] 17/2/2020 16:46

Well someone not willing to wait for news.

[casual47] 17/2/2020 09:56

Shift camp construction in progress

[oli12] 17/2/2020 06:08

3 days until some news for us Chaarateers. Given the advance warning one expects a comprehensive update, dare I say it, a positive update. Let’s see - could be the last chance to get in sub 40p....

[casual47] 16/2/2020 19:15

Interesting to see who liked this short promo vid for Chaarat:



E.g. liked by a VP "metals & mining" at ING, a VP of "Corporate Development" at a Royalty & Streaming company, a Director "metals & mining" at Standard Chartered, Head Of Credit (Commodity Trade Finance / Structured Products) at Sberbank, etc etc

[jc2706] 14/2/2020 21:17

Good grief. I wouldn't put CGH in the same sentence as those others!