Chaarat Gold Share Discussion Threads

[jc2706] 15/4/2020 15:32

I would certainly go. Waiting for a vaccine is not an option as far as the lockdown is concerned. Whilst there has been talk of 6 months, more realistic estimates have been 18 months but vaccines often take 5-10 years. Even then, if this coronavirus is anything like the influenza virus then it will be seasonal with new strains each year.

The only way out of this is herd immunity and that means suppressing the virus when it is becoming uncontrolled but allowing it to spread subsequently at a controlled rate. Countries that are suppressing the spread too hard are only guaranteeing that there will be subsequent outbreaks that will require lockdowns again.

An antibody test is imperative to assess how many people have had this and that should govern lockdown. Even then, if the virus does indeed mutate there will be periods when it may be necessary to have further lockdowns until humanity and the virus learn to coexist.

[casual47] 15/4/2020 14:45

Given the typical clientele of JDW I have no idea how they will get back to normal as long as there is no vaccine. I am surprised they haven't fallen further.

[casual47] 15/4/2020 14:38

Non-Chaarat related:

If in May or June they relax the lockdown and e.g. open the pubs, would you go for a pint while there is no vaccine?

Personally, I would go but I think a large percentage of the population wouldn't. If that is the case, how are we going to get the economy going again?

[casual47] 15/4/2020 13:37

Either Tulku gets financed or it doesn't. If it does then Chaarat will be on its way to be a $1 billion plus market cap company.

Mr. A will know how far they have left to go to seal the deal.

If we see the $19.4m loan holder participate in the placing then that will be a good sign.

[2pablo] 15/4/2020 13:10

Got a fair bit tied in, too much to let this fail

[casual47] 15/4/2020 12:54

It will be low forties, maximum.

[oli12] 15/4/2020 12:35

Any estimates what Labros holding would be following the placing, the scope for additional in market purchases and other fees owed by way of shares?

[casual47] 15/4/2020 10:56

Have put in a £10k buy limit order...If anyone wants to get out - go for it!

(Juju, my friend, here's your chance!!!)

[casual47] 15/4/2020 10:25

Presumably, if they do get project finance sorted then it would be very easy for them to do another e.g. loan notes raise on the back of that?

Perhaps that's what the reference to the $19.4m loan being paid in full by end of October or if not Labro gets another 8m shares for putting up their guarantee?

[2pablo] 15/4/2020 10:11

Poo off - no dipping

[casual47] 15/4/2020 09:38

With some luck the shareprice will dip below - if so I will be adding (again)

[2pablo] 15/4/2020 09:34

Casual, I'm considering offering £1k to Artem !!! He can only say 'No'

[jc2706] 15/4/2020 09:27

I always think back to 2008 when considering the current climate. As I recall, funding was difficult for everybody for a while even though gold was rising strongly. At some point the dam broke and gold projects were funded very easily, even very poor ones. Nothing else was getting anywhere near the level of funding.

[casual47] 15/4/2020 09:17

The deadline is 24th April which is the date the AGM and annual report will be sent by. So presumably this is to make sure to be able to include shareholder approval for the placing (if needed).

(Can't be bothered to look it up but I think any listed company can issue up to 10% of its share capital by placing without needing shareholder approval. 10% would be 47m shares or about $15m)

[casual47] 15/4/2020 08:44

If they can't attract new IIs at this price when gold is above $1700/oz then I don't know when they can do it....

So I am expecting -at least- another $5-10m on top of today's announcement.

If they still struggle to muster that then it would be a little embarrassing imo....

[casual47] 15/4/2020 08:42

Pabs, the placing is "on invitation" only, it's not open to the public. Unless you have e.g. $100-$250k spare it probably would be more hassle than it's worth for them.

[oli12] 15/4/2020 08:17

No wonder Martin was not buying pushing the price up - 26p is a good price to convert existing loans and to buy additional shares. Agree with others, it needed to be done as cash levels were low and debit too high.

[2pablo] 15/4/2020 08:09

Certainly wolf sent packing from door at massive commitment from our BoD

[2pablo] 15/4/2020 08:08

They don’t say how to get some in the placing should one wish to make an offer, do they?

[casual47] 15/4/2020 08:06

There may be another $5m from the $19.4m loan holder seeing it was a clause in the loan extension to allow him to participate in a placing on the same terms.

So debt could reduce by $10m with $7m cash raised, so far.

[2pablo] 14/4/2020 21:23

Otherwise he's going to rush into some rash M & A transaction.

Still waiting on Chris Egers - not as user friendly as Artem

[casual47] 14/4/2020 19:42

A niche nerdy interest (am I the only one?): the annual report may reveal if they have extended the deadline on Artem's bonus shares upon successful completion of that mysterious M&A opportunity, or whether it has been dropped altogether....


From last year's:

"Artem Volynets benefits from a contingent incentive fee in relation to one potential and future M&A transaction, subject to such closing prior to 30 July 2020, after which this contingent incentive fee will expire for nil consideration. Should such transaction close by 30 July 2020, Artem Volynets
will be awarded 12,564,874 ordinary shares, subject to a clawback for 12 months following completion, in case he ceases to be employed by the Group within this period. Artem Volynets would not be a participating board member, or carry a vote, on this future and potential M&A transaction."

[casual47] 14/4/2020 17:01

Closing UT of 29p.

Lots of 'O' action today, presumably PIs selling into the rise but some of the big ones seem to have been buys also.

A director buy or two from e.g. Artem would be quite nice...

[casual47] 14/4/2020 13:02

SP Angel update following the annual results. Key bit:

"We see Kapan generating $23m in mine level EBITDA in FY20 ($1,626/oz Au, $5,385/t Cu and $2,018/t Zn assumed prices) and $17m in mine level FCF after subtracting $4m in capex and ~$1m in tax payment"

They maintain their "buy" recommendation (obvs as they are house brokers) and will issue new TP shortly (presumably after Q1 operating results?).

We should be getting Finncap's initiation note soon also, I presume also following the q1 update?