Chaarat Gold Share Discussion Threads

[crapshoot2] 19/3/2020 18:41

Does anyone know if there are any cases of Coronavirus in Kyrgyzstan? Will the camp for 300 go ahead in the face of this uncertainty?

[casual47] 19/3/2020 10:11

If Chaarat hadn't bought Kapan this share would have been truly hammered by now. It really is a lifeline providing not only cash flow but also supporting the shareprice through its NAV.

I am still of the opinion that in terms of international development the case for pouring money into Chaarat by the likes of EBRD is solid. It would provide direct employment to hundreds of locals and many more indirectly. It would provide tax revenue for the Kyrgyz treasury for decades to come. And most importantly, as one of the few "Western" companies operating there it would give a much better guarantee of money well spent rather than frittered away through corruption.

Come on, EBRD, do your thing!

[jc2706] 19/3/2020 10:07

They will have to turn the restrictions on and off. Society will not sustain 18 months of lockdown and allowing the virus to spread at a rate that the NHS, while stretched, can cope with will provide the optimum outcome. The IC paper provided a decent outcome for such an approach but the outcome for letting rip was a disaster as the health service would pretty much have to let most people get on with it. Such an approach would lead to a death toll far higher than necessary.

[casual47] 19/3/2020 08:53

The imperial college doc describes how there may be opportunity to have very brief periods where they can relax the social distancing etc, depending on how the data looks, but overall their modelling appeared to be particularly glum.

[jc2706] 19/3/2020 07:53

I think that there is more to come although there may well be a respite now and again. I believe that the current restrictions in the West will last for a couple of months at least during which time you will see cases and deaths increase. Until there is some visibility of stability the markets will continue to be unsettled. Combine that with US stocks being way overvalued (still) and historically high debt levels (government, corporate and personal).....

I suspect that when there is a relaxation of restrictions and cases/deaths are no longer rising, there will be an almighty rally..... until the restrictions are reapplied in the autumn when the virus starts to grip again.

[2pablo] 18/3/2020 22:36

Seems like we're going to have to live with stocks down to these very low levels for at least a few weeks imo. No use fretting over individual shares like Chaarat as it's across the board.

Would be good to pick up more Chaarat but I'm so overweight in this stock that I don't want to. However, there has to be an end to the panic soonish and anyone with cash should be looking to build positions fairly soon I'd have thought.

Meanwhile, tin hats lads

[casual47] 18/3/2020 15:34

It's not difficult to imagine scenarios where Chaarat goes bust or at best hobbles along severely wounded.

However. In the longer term the case for gold seems a no-brainer. The business case for Chaarat is still fundamentally strong.

I cannot see any other investments that the EBRD could make in Kyrgyzstan which come anywhere near the long term impact that investing in Chaarat would have.

If we assume that the EBRD has Chaarat's back then that immediately makes it a very strong case for high net worth individuals and other banks/funds to invest too.

We will know within the next two weeks which way things will go: what will happen to the $17m loan will give a big clue.

[juju44] 18/3/2020 15:15

I have been critical here for some time . All talk but little delivery . I have not been convinced by the actions (not) taken . Dusty was a past his sell by plonker and was ditched as have been others . You Casual have been a blind follower who can not see the wood . I have reduced but retain some - I should have dumped them all - until they are seen to deliver something worth while

[jc2706] 18/3/2020 15:14

Trolling on a share you own is somewhat bizarre though.

[casual47] 18/3/2020 15:02

Juju, even when you are trolling you have nothing interesting to say. Sad.

[juju44] 18/3/2020 14:59

What excuse this time

[sparkyboy1] 18/3/2020 14:56

I will be adding if the price stays about 20p for the new tax year

[oli12] 18/3/2020 14:55

Indeed Mr Hindsight.

[oli12] 18/3/2020 14:47

Thanks casual.

[casual47] 18/3/2020 14:33

Poly shares are locked until this summer and then a further six months under a "first refusal" for Chaarat to buy back.

[oli12] 18/3/2020 14:26

Off topic. The shares polymetal own in Chaarat - when does the lock in period end ?

[oli12] 18/3/2020 14:21

The three lots of 10k were me Pabs. Let’s see if she holds 20p.

[c0lin1] 18/3/2020 14:19

not mine pabs. 30k & 15k more just now

[2pablo] 18/3/2020 14:04

Oli - we're thinking his hands are tied currently with a closed period before results.

Who these Autobots, or whatever they are, Selling, selling, selling in 15k chunks, who knows.

They are trampling the share price though but would not be surprised if they go into reverse one day soon.

Well done with your 10k purchases, Oli and C0lin

[oli12] 18/3/2020 13:55

Once things settle down (how longs a piece of string) Mr A ‘should’ take up the slack and push it back upwards. Here’s hoping.

[c0lin1] 18/3/2020 13:51

taken the plunge as well

[oli12] 18/3/2020 13:51

Taken the plunge back in today. Might fall a bit more but happy to be back in the early 20’s. Time will tell if this was a good move.

[casual47] 18/3/2020 08:58

A merger might make an extremely good amount of sense however.

If Chaarat can find another Kapan sized outfit then we'll be laughing...

TSG springs to mind....They have some issues with their R&R (got slashed nearly in half) and were planning on putting a lot of capital expenditure into it to recover from it. It might make sense to merge with Chaarat and use the cash flow more wisely in this Corona storm. But for every TSG there must be several privately owned companies scattered across Russia, which might make even more sense.