Chaarat Gold Share Discussion Threads

[casual47] 18/3/2020 08:52

You now get nearly a quarter more roubles for every dollar, compared to three months ago. The rouble will like devalue even further as Corona hits Russia and as their reserve gets depleted with every cheap barrel of oil they sell.

That said, Chaarat should focus on "walking before you run" - they still need to update the market on the $17m.

When they get that done I may look at adding more here myself.

[fishhead1] 17/3/2020 16:52

By "opportunity" could he mean chance to up M&A activity due to distressed sellers in the market?

Just a thought.

[casual47] 17/3/2020 16:35

Pabs, he may not know. The annual results get e.g. audited and these guys may take their time. That's probably why they have no date for release yet.

So, technically they could already be in closed if e.g. the auditors will finish last week of March.

Artem may only get e.g. a week's notice that the report will be ready.

They are not keeping it on the shelf intentionally.

So, my guess is that they are assuming that the whole of March and April, up until the results, is closed

[2pablo] 17/3/2020 16:31

Strangely reticent on 'closed period' but think that might well be preventing Mr A buying (that is if he's not like me and lost all his money recently)

[fishhead1] 17/3/2020 16:15

Very bullish indeed thanks pabs

[2pablo] 17/3/2020 16:02

Artem's reply :
Hi pabs,

I hope you are well. Yes, challenging times, but, in our view, crisis = opportunity :) The share price will reflect that once the panic is over

Please see my comments below.

Keep safe!

best,
Artem
----------- His comments are in " " -----------------------------------------
We know the results are sometime in April - any update on the exact date? – "Yes we will be issuing results in April and no specific date has been set."

Perhaps we are now in a closed period because of upcoming results?- "Yes this is a possibility"

Don't suppose it would make much difference, but have you considered any statement on the effect of the virus on our operations? - "As of now all of our operations are acting normally and therefore no need for a press release. We are obviously taking precautionary measures across the business with regards to health and safety as it relates to the coronavirus. Should the situation change and the business become impacted by the current dynamics than we will issue a press release. Overall, we expect positive trends on both revenues (quantitive easing = gold price) and on costs (energy, currencies devaluation in our jurisdicitons)"

[oli12] 17/3/2020 13:52

Thanks for everyone’s views. I must admit I exited last week at 35p in order to take a bigger position in Ferrexpo. I was worried to be OUT at such an important time however for now it seems like a good move. I will get back in once funds are available however a lot of damage limitation going on at the moment.

[2pablo] 17/3/2020 12:35

Have asked Artem : Any date in April yet for results?
Are we in a 'closed' period?
Has he considered making any statement re. operations v Coronavirus?

[casual47] 17/3/2020 12:30

As I understand it:

The $34m Kapan loan is at 8% plus 3m-Libor, so rate cuts have helped here.

The $17m is at 13%

The $20m loan notes: all payment is upon maturation only? Which is October 2021.

Labro's $3.5m is also at 13% and due in Q2 I think but we can pretty much ignore that as Mr A is hardly going to cut his nose off.

So, the key immediate action is the $17m. If that gets resolved it's then either some modest bridging funds to get past Corona with all unnecessary capex postponed or if they intend to progress the full Monty.

[jc2706] 17/3/2020 12:02

Juju,

I find it difficult to understand how you can mock somebody losing money when you are invested in the same company!

[casual47] 17/3/2020 11:54

The EBRD said they would provide short term finance for up to two year to businesses hit by Corona - perhaps Chaarat can tap into that also.

EBRD operates in both Armenia and Kyrgyzstan. Kapan is a significant employer, more than 1000 people, so it will be earmarked for whatever support it needs, imo

[jc2706] 17/3/2020 11:49

There will be massive investment from governments on the back of this virus and a huge run up in government debt. Delaying the funding is likely but the wrong thing to do!

[jc2706] 17/3/2020 11:48

There will be massive investment from governments on the back of this virus and a huge run up in government debt. Delaying the funding is likely but the wrong thing to do!

[sparkyboy1] 17/3/2020 11:45

Oli i am thinking about buying some more in the new tax year how far do you think this can go down who knows.
is it going down because funding might cost more or they might not get funding then what.

[casual47] 17/3/2020 11:41

Oli, it's possible.

If the EBRD are involved then I don't think they would hold it up as they will see it as a way to put money into Kyrgyzstan and get people employed. The EBRD's preferred approach is to invest in companies rather than hand money to government. They have already committed an extra 1 billion EUR to assist the countries they work in and will ramp that up if needed.

The issue may be more logistical: can they get the international experts etc over to Kyrgyzstan to do what they need to do. A lot of the workforce for Tulku will be local but the consultants etc and those who oversee the various project components will be international. Also things like the 2020 drilling season, presumably the drilling rigs and crew working them are sourced from international companies?

[oli12] 17/3/2020 11:30

Does anyone think funding will now be delayed - understandable if so given other events.

[casual47] 17/3/2020 11:00

Juju, don't invest what you can't afford to lose.

[juju44] 17/3/2020 10:53

How much are you down expert . Must be massive

[casual47] 17/3/2020 10:51

Juju, how about you try not to be a c*nt?

[juju44] 17/3/2020 10:40

TIMBERRRRR . Put not your trust in princes - especially the self opinionated bombastic know all sort

[2pablo] 17/3/2020 10:37

Mr 15k (and other sizes) seems to have decided he'll cut his losses

[2pablo] 17/3/2020 10:35

Looks like it's shooting season on Aim - everything ready to be shot down

[casual47] 17/3/2020 10:33

It might be safer for the Turkish Ciftay workforce to stay on site in the temporary camp, rather than go back to Turkey. They are in the middle of nowhere, surrounded by huge mountains.

The Kyrgyz travel ban allows foreign people to leave and Kyrgyz people to enter.