Chaarat Gold Share Discussion Threads

[casual47] 18/5/2020 10:40

Hello 30p

Chaarat Zaav CJSC purchased medical equipment and PCR tests for diagnostics of COVID-19 »Business» www.24.kg
24.kg
On Friday, May 15, representatives of Chaarat Zaav CJSC transferred to the Ministry of Health of the Kyrgyz Republic humanitarian aid in the form of laboratory equipment (PCR amplifier and PCR tests for COVID-19) totaling more than 3.7 million soms with the prospect of final installation in the hospital of Chatkal district.

The company has always been and remains committed to providing targeted assistance not only in the current calculation, but also with the prospect of future use for the needs of the population of Chatkal district. Despite the closed borders and the shortage of this type of medical equipment and test systems, Chaarat Zaav employees, with the help of state structures of the Kyrgyz Republic, were able to successfully purchase and deliver equipment that is so necessary for the fight against viral infection.

The technical characteristics of laboratory equipment and test systems manufactured by the Russian Federation were reviewed and approved by the Ministry of Health of the Kyrgyz Republic and will be immediately applied in the republic.

This equipment can be used not only for testing on COVID-19, but also for PCR diagnostics of other diseases. The equipment of the Chatkal district hospital in the future will allow the population to have access to quality medical care and the most accurate diagnosis possible.

“We are very grateful to Chaarat for the help,” said Asylbek Sadykanov, deputy director of the department of disease prevention and sanitary and epidemiological surveillance of the Ministry of Health of the Kyrgyz Republic. - Today, the load on the laboratory is very large, as long as the number of analyzes does not decrease, and additional PCR equipment with reagents will come in handy in the current situation, they will help to resolve emerging issues.

Recall that this is the next batch of humanitarian aid from CJSC Chaarat Zaav in the fight against coronavirus. Previously, the company purchased 10 tons of flour to support the population of Chatkal district, as well as one ton of disinfectants (bleach).

For reference: Chaarat Zaav CJSC is developing a large Chaarat gold ore deposit in Chatkal district of the Kyrgyz Republic and is a subsidiary of Chaarat Gold Holdings Limited. The assets of the British holding also include an existing mine in Armenia, the Kapan GOK. Chaarat Gold Holdings Ltd. has a clear strategy for creating a leading gold mining company in the CIS countries in accordance with advanced world production, environmental and social standards.

Additional information is available at www.chaarat.com

[2pablo] 18/5/2020 10:18

Thanks JC, though I'm not really looking for advice. Got several miners (especially if you include oil) and good prospect in CAI on Asx. That really did well overnight (+25%) and Pog, particularly against AUD, doing really well these last months.

Elsewhere, I'm going for a few pharma Covid blockbusters - you never know

[juju44] 18/5/2020 08:56

Gold miners and gold are all going up together . Poor Chaarat . Lame donkey

[jc2706] 18/5/2020 08:38

2pablo,

One of the ways in which you could reduce the risk somewhat would be to invest in other gold miners. Whilst this would still not reduce your sector specific risk, it would reduce your company specific risk. Gold miners tend to go up together so you would still be exposed to gold's rise.

[2pablo] 17/5/2020 23:35

Not a very straightforward answer but, anyway, Chaarat makes up more than half of mine by current value.

I have reduced this percentage slightly once or twice in the last year but if we get back to the high 30's and my other shares don't take off, my percentage will go up again in Chaarat. Don't feel too worried about that - you and I have been through some pretty bad times with Chaarat : the suspension of investment when the Krygyz fiscal regime looked very prohibitive, the endless problems with the Chinese and the DFS. We are a lot less risky than 2012 - 2016

[casual47] 17/5/2020 20:58

Pabs - my self-managed shares portfolio is overweight in gold miners for sure but this is intentional. I'm happy with the Chaarat component in it and will reduce (or increase) depending on how its shareprice moves. I have some "free shares" already but I intend to increase those.

I wouldn't fret about Mr A's waiver. I don't think they give him waivers just for show. My guess is that he intended to buy but that certain events overtook things. My expectation is that the waiver will be extended, like it happened last time when he was unable to fill his boots.

[2pablo] 17/5/2020 19:17

Tell me Casual, going back to JC’s remarks for me to diversify, aren’t you seriously overweight on Chaarat? Like, perhaps, >50% of your pf?

[2pablo] 17/5/2020 19:15

He’s got to have taken a Covid hit like everyone else. I’m thinking he hasn’t made any on-market purchases partly because he’s stumped up for a lot off-market shares and/or perhaps we are in a close period with an M&A

[casual47] 17/5/2020 10:30

Mr A is doing well, 56 places further up the Sunday Times rich list this year:

429= (2019: 485=)
Martin Andersson £304m

[casual47] 16/5/2020 11:57

Not sure what you want from us or want to achieve by posting here.

It is really simple:

If Chaarat are in play for Amulsar, and that is a big 'if' at the moment, then imo the BOD would only do a takeover if they know it will work for them, I.e. with full backing from GOA. Feel free to barricade the access in that case.

If the Chaarat BOD decide this is what they want to do then it will get voted through because the chairman has ~40% of the shares.

So what are you trying to achieve with your posts?

Chaarat private shareholders can't stop it, if it does indeed happen (again, big 'if'). I personally would support the buying of Amulsar if the deal is right and would vote for it should it happen (that's assuming this is something that will be put up for a vote).

All the rambling about Mr Wylie is conjecture at best and libellous at worst. Either way, spreading these rumours achieves nothing for nobody. Certainly not for the Lydian shareholders.

I cannot see Lydian resuming operations after all that has happened. I cannot see the lenders take the arbitration route. So the only way out of this, imo, which guarantees the best value for the majority of stakeholders, is a buyout. There is a chance this may involve something for the Lydian shareholders also but that really depends on whatever the lenders and buyer agree. If there is a sale it will clearly be a distressed sale (there are no competing bidders driving the price up - apart from one party nobody else appears to be interested in this asset) so some people will likely need to accept a haircut. Shareholders always are the first in line for that, irrespective of the circumstances.

[jadams73] 16/5/2020 11:11

2pablo - no need to mix messages from two different posts in the thread. Just focus on what matters and what makes perfect sense. And yes, minors will block the roads with current eco-activists or without them. Although, imo you and casual47 are pretty biased in these questions, constantly diverting attention from what is the essence of this scheme. Here, this one is also interesting: www.mining.com/chaarat-gold-says-centerra-refused-2b-offer-whole-firm-not-just-kumtor-mine/
The picture is getting clearer.
#bravecompanionsofnoblechaarat

[2pablo] 16/5/2020 10:42

JAdams - thanks checked out some of Stockhouse BB.

Can’t get my head around these Eco warriors manning the barricades organised by Mr Wylie, you’re going to join with them(when presumably Mr Wylie sends them home after Chaarat’s purchase) to man further barricades?!?

[jadams73] 16/5/2020 09:53

stockhouse.com/companies/bullboard/t.lyd.r/lydian-international-limited-subscription-receipts?postid=31024615

stockhouse.com/companies/bullboard/t.lyd.r/lydian-international-limited-subscription-receipts?postid=31026186

[jadams73] 16/5/2020 09:51

casual47 - "the lenders and the GoA are the ones who will decide what will happen" - really? The large shareholders turn out to be also the large lenders, and GoA is the one who put the project on halt for two years until Lydian's value went down to zero. as you say. And now it give guarantees to Chaarat to operate it? Don't you see what we see, or you don't want to?
2pablo - when minors block the roads to the mine the moment this scheme is brought to life, then we will see what they can change.
Btw here is another interesting thread.

stockhouse.com/companies/bullboard/t.lyd.r/lydian-international-limited-subscription-receipts?postid=31024615

stockhouse.com/companies/bullboard/t.lyd.r/lydian-international-limited-subscription-receipts?postid=31026186

[2pablo] 15/5/2020 10:39

Mr A - either he's got enough, he's got no more spare cash, or we're still in a closed period re M & A ?

Whatever, he doesn't seem to be buying even one share on the open market in his waiver period Feb 24 - May 31. Still got two weeks I suppose

[2pablo] 14/5/2020 14:12

JC - but I have got 40 other stocks, hardly not diversified. Now, you could say I should pick better stocks which would then contribute a lot more to my pf's value !

[casual47] 14/5/2020 11:02

Things ahead:

20th May AGM

Q1 operational results, my guess would be for that to be near or on the same day as the AGM. It will be an important occasion as it will mark the first 12 months of Kapan ownership (since 1st Feb 2019)

30th May is the deadline for:
- Chaarat to pay down $5m of the $17m loan to get the maturity extended by another quarter from end of 2020 to end of March 2021
- the $17m lender to convert up to $5m at the same terms as the previous placing (so 26p). After this date he is only allowed to convert up to $2.5m

[casual47] 13/5/2020 15:11

"Far be it for me to suggest that you might be overweight"

It's just a wee bit of coronaspeck

[jc2706] 13/5/2020 14:51

Far be it for me to suggest that you might be overweight CGH 2pablo!

(But you might want to diversify a little).

[2pablo] 13/5/2020 14:42

JC - this company represents nearly half my pf ! I have 40 other stocks and most of them are shafting me good and proper

[jc2706] 13/5/2020 13:41

In fact, being minor shareholders, it is almost our solemn duty to be shafted at every opportunity!

But seriously, this is why you only put a small amount in a company such as this and spread the risk.

[2pablo] 13/5/2020 10:33

Mr Bhunt - you seem very threatening in your talk and are obviously not a happy fellow with, presumably, your investment in Lydian. Underhand dealings in this part of the world is not hard to imagine but getting to grips with them or putting a stop to them is another thing.

Looking at the Lydian website I see you have had immense difficulties with protestors, environmental issues, and the government for about two years. It is good you have brought to our attention there are other things to consider in any purchase of Amulsar but I don't think the minor shareholders on here are going to change anything.

[casual47] 13/5/2020 08:58

Mr Bhunt I suggest you wait until something is announced.

Whatever happens all Lydian shareholders both major and minor will likely lose all money invested as the value of Amulsar is hundred of millions of dollars below the outstanding debt now. No buyer will be found who will pay more than $400m - none.

The lenders and GOA are the ones who will decide what will happen. Lydian's major shareholders have nothing to do here - they are irrelevant compared to the $400m debt owed to the lenders.

If the lenders want arbitration they will do it though they will be crazy if they do. If they want a sale in a three-way agreement with GOA it will be a sale.

The best option is a sale.

[sparkyboy1] 13/5/2020 08:54

Sounds like shaktar in disguise

[juju44] 13/5/2020 08:39

All sounds a bit like the Centerra affair 2 years ago that was going to "make" Chaarat but just got them egg on their face. Sly underhand dealings wont help the already miserable share price