Chaarat Gold Share Discussion Threads

[casual47] 04/3/2020 16:12

Some wild speculation about Chaarat and QRC on twitter:

[casual47] 04/3/2020 14:21

Interesting: Chaarat will attend the Minex Kazakhstan conference

[casual47] 04/3/2020 12:14

Wonder who the AT-attack buyer is who has been keeping the share price up. Often buys in 10k, 15k, 20k chunks, sometimes broken up.

[casual47] 04/3/2020 10:48

Looks like Mr. A is still sitting on his full allocation of 3m waiver shares to buy. (At current share price £1m worth)

[casual47] 03/3/2020 20:57

While we wait....

$17m loan refinance - "by March"

Q1 *and* FY2019 results - April

Announce Tulku project finance syndicate - "coming months" (March? April? May?)

Kapan refinance - target Q2 ("optional")

Close Tulku project finance - Q2

Updated BFS for Tulku - Q2-Q3

Kapan East Flank exploration results - ?

[casual47] 03/3/2020 17:20

Fed interest rate cut. Sugar rush, imo. It's not going to fix Corona or the fallout from it if things will get much worse.

[2pablo] 03/3/2020 16:54

That's a decent leap in Pog about $50, back to $1640 an oz

[casual47] 28/2/2020 15:49

The next few weeks will be crunch time, so I imagine this is when he will be looking to support the share price

Next week or so we should hear about the $17m loan and then any time next month I would expect to hear about the names of who is in the lending syndicate.

Especially if there is a convertible element to any of this it will make sense to have the share price stable.

When/if the lending syndicate gets announced then I imagine there will be no need for Mr A to support the shareprice as it should have rerated, we hope!

[jc2706] 28/2/2020 14:09

Martin's buying has always been to support the price so I suspect that he will want to see this around 37p with or without panic over COVID-19

[2pablo] 28/2/2020 13:29

And up she goes, a little Martin buying perhaps?

[casual47] 28/2/2020 12:51

Stick to the tea leaves, Madam Juju.

[casual47] 28/2/2020 11:42

The odds of a deal seem pretty high to me. I think it's mainly a question of how attractive to Chaarat the deal will be, i.e. how expensive the debt. The corona virus will not help in that respect. But the bigger picture is the real desire for Chaarat to succeed by both EBRD and Kyrgyz government, imo. With Kumtor being phased out it will be critical to have Tulkubash come online. I think that is the biggest reason for this whole thing to succeed, ultimately.

When Centerra goes who will be a natural partner of sufficient scale for the EBRD in Kyrgyzstan? Chaarat is the only "Western" company this close to production and with a projected oz pa to really make a long-term difference.

[2pablo] 28/2/2020 11:34

Well, he better put his hand in his deep pocket then

[casual47] 28/2/2020 11:18

Pabs, the waiver was given for a reason. Same as before. I expect him to make use of it as needed. He is not going to sit on his hands until May just to get a good price. The objective is not for him to scoop up cheap shares, it is to have the shareprice sit where he needs it to sit to make a success of Chaarat. Success in the short term means funding - both the $17m loan refinancing and the biggie that is Tulkubash. I expect he doesn't want any investors to get needlessly spooked and pull out just as they are about to clinch the deal.

[casual47] 28/2/2020 11:11

An interview with the British Ambassador to Kyrgyzstan. Chaarat gets a mention. He's been there less than a year but already the ambassador has become somewhat of a social media star over there thanks to his tweets about his hiking trips in the Kyrgyz mountains and his clear love of the country and its people.



Also, today the first Ombudsman for Business in Kyrgyzstan started work. The role was set up with the help of the EBRD and follows earlier success in the Ukraine with this service. The objective is to give entrepreneurs and companies a means get recourse against corruption by state officials.

The ombudsman is Robin Ord-Smith, the previous British Ambassador to Kyrgyzstan who was also much liked and clearly also trusted by the locals.



It shows that the Brits still have a reputation for rule of law and fairness.

[2pablo] 28/2/2020 11:07

Yes it does, looks like his waiver was very timely. Thing is, what's the hurry? 31st May is a lifetime away in the current turmoil, he may well sit on his hands a while yet

[casual47] 28/2/2020 10:54

Looks like Mr. A will get a good price for his waiver shares.

[casual47] 27/2/2020 21:37

Looks like Chaarat will be in Toronto at the PDAC next week:

[juju44] 26/2/2020 17:03

Dusty was past his sell by and his failed promises lacked credibility

[2pablo] 26/2/2020 16:42

Shame to see Dusty pretty well shown the door but that's life, we move on and that's probably it Casual, a bigger and fuller team to take us forward.

Strange they needed two identical RNS's ?!?

[casual47] 26/2/2020 16:15

A key phrase which I missed upon first reading:

"Mr Shvetsov will bring with him a team of highly seasoned professionals who, together, will strengthen the mining and geology department at Chaarat."

In LinkedIn I saw he was working for a consultancy since leaving GV Gold (his current title as per Linkedin: Director General – Geo Inter Consulting Ltd). Perhaps he is doing something similar to what Artem did with ACG and either absorb the consultancy company into Chaarat or bring his current colleagues with him.

This may be the main reason behind him replacing Dusty: the need to have a team of geologists who can work across both Armenia and Kyrgyztsan and do the travel needed.

[casual47] 26/2/2020 15:58

The new, Russian, Dusty:



Good tache.

[casual47] 26/2/2020 13:08

From the 15th October RNS:

"Summer 2020: Continuation of drilling in Shir Canyon to add Resource and mine life and optimise project economics based on Q1 2020 Reserve update. Further drilling at Ishakuldy and Karator targets to add Resource. Additional field work following up on reconnaissance targets generated by previous work, including drilling where warranted."

From the September Webcast:

Area Drilling (as of Sep 27 2019)
Main Pit 1,008
S. Satellite Pits 1,203
N. Satellite to East Pit 5,612
Shir Canyon 8,651
Ishakuldy 565
Karator 334
Total (as of Sep 27) 17,039

So there's a huge amount of drilling done in Shir Canyon which will hopefully pay off later this year.