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Share Name Share Symbol Market Type Share ISIN Share Description
Chaarat Gold Holdings Ltd LSE:CGH London Ordinary Share VGG203461055 ORD USD0.01 (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.65 6.46% 27.20 27.00 27.40 27.70 26.60 27.60 64,567 16:35:28
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.1 -21.0 -5.3 - 131

Chaarat Gold Share Discussion Threads

Showing 10576 to 10599 of 10950 messages
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DateSubjectAuthorDiscuss
14/8/2020
22:50
pablo i had to sell part of my holdings today 250000 shares as there is a share i fancy big time (SNG) which i am in already in, it is waiting news very soon if it goes good i will be buying them back soon i hope
sparkyboy1
14/8/2020
21:44
I've been surprised how HUM has taken so long to re-rate since it went into production a couple of years back. The free cash flow it is now generating I think justifies a considerably higher share price and I think Kapan should give us more of a lift. Wasn't aware that HUM had that much exploration potential, Casual. With PoG so high we are surely generating so much more cash than at $1550 an oz levels. Not sure how our overnight share price has plummeted to 34.8p when zero trades were at that level or below, but that is our mid-price??? Mr A has certainly done very little with his waiver again. I've also noticed we do so little volume each Friday. Seems quite regularly very low even zero on a Friday
2pablo
14/8/2020
15:25
These shares tend to have brief periods of strong rises followed by long periods of very little. The price rose from 6p on the back of Mr A's buying but to get the next hike does require Tulkubash progress. Get that and you will probably find that it outperforms most other gold miners for a time.
jc2706
14/8/2020
14:34
Chaarat is mainly a binary bet on the odds of the Kyrgyz assets going into production and your investment strategy should be based on that. Even in the broker valuations Kapan only accounts for about 30% of the broker target. If Tulkubash goes into production the %value contribution of Kapan could eventually be dwarfed into low teens or maybe even single digits on an NPV basis. There's some added M&A frisson based on the calibre of execs (Mr A, Artem) but the main driver of value is the Kyrgyz assets. While the gold price increase has made the Kyrgyz assets more valuable there is also, potentially, more risk. It's unrealistic to expect Chaarat to follow the same rerate you see others get. A good comparison is HUM. It's also had limited joy from the gold price increase. The bulk of its potential is in its exploration assets.
casual47
14/8/2020
14:17
I must say I am developing a bit of sympathy with Juju. What kind of a share is it that only seems to rise when the chairman is buying. Gold at $2,000 or thereabouts and unlike a good many miners Charaat seems completely stuck and has completely failed so far to develop any speculative momentum. $43 seems a million miles away. In fact if it gets to $39 I suspect lots of fed up holders will unload. I t think that with Tulkubash a minimum two years away this is regarded as just an investment in Kapan. Repeated deferrals of any hard news on financing isn't helping either.
crapshoot2
14/8/2020
13:24
43p would still leave a healthy ~35% increase to share price Angel's new 58p target.
casual47
14/8/2020
12:48
With gold above $1800/oz I think Chaarat could easily support a nudge to 42-44p (the chart looks made for it) and have that remain a stable gravitational area this side of Tulku news. Especially with the prospect of really good record-beating financials for H1. If Labro don't help tip the balance towards that target then I can only assume they need it to stay at 36-38p for some reason, e.g. perhaps to recruit IIs.
casual47
14/8/2020
12:42
Very true. You see this all the time with these sort of companies and share buy backs. People just sell into buying.
jc2706
14/8/2020
12:39
Clearly I'd rather have the waiver than not while we are still waiting for Tulku finance. I do wonder if an unfortunate flipside to its support at 36-38p is that it effectively makes 36-38p a much stronger resistance point than it otherwise would be also. Iow, by reducing volatility on the downside it is also dampening volatility on the upside.
casual47
14/8/2020
12:06
JC, it's a two-edged sword. On the one hand, it gives us PIs some degree of "insurance" that no matter how far the share price drops the shareprice is likely to gravitate back to 36-38p. However, on the other hand it completely destroys any incentive for PIs to buy shares at higher price points and even encourages us to trade the shares: buy the dips, sell at 36-38p, rinse and repeat. If Mr. A doesn't want to buy his shares at averages greater than 38p then why should we?
casual47
14/8/2020
12:00
Because up to now it has been 'operation share support'. If he wants to create that kind of environment it needs to be 'operation share pump'. But I don't think that would work in isolation. One buyer, even Mr A., cannot sustain a share price rise and people are just as likely to sell into it. This is one of the reasons I prefer dividends to share buy backs.
jc2706
14/8/2020
11:49
The whole waiver thing is designed to create a Pavlovian response with PIs but for it to keep being effective they need to match expectation. The last waiver went completely unused and got "renewed" to end of August. If all they manage now is a measly 300k shares out of a 3m waiver limit then why would anyone pay much attention the next time they are given a waiver? Law of diminishing returns etc.
casual47
14/8/2020
11:46
The Labro waiver thing has been a bit of a damp squib so far. Still some hope that before the end of month (and waiver deadline/interim closed period) we'll get a beefy bit of news followed by a frantic few days of intense share buying but they're running out of time.
casual47
14/8/2020
11:15
Kapan Facebook posts showing off their newly acquired toys: Pics: hTTps://m.facebook.com/story.php?story_fbid=2839393202956364&id=2370354996526856&__tn__=%2As%2As-R Short clip (the dump trucks can be remotely controlled!!) hTTps://m.facebook.com/%D5%89%D5%A1%D5%A1%D6%80%D5%A1%D5%BF-%D4%BF%D5%A1%D5%BA%D5%A1%D5%B6-Chaarat-Kapan-2370354996526856/?__tn__=C-R
casual47
14/8/2020
10:57
For those who want to delve deeper: Yesterday's BBC Hardtalk episode with Armenia's prime minister (24 mins) HtTp://www.bbc.co.uk/iplayer/episode/m000lrsf Hardtalk is, by design, tough and confrontational but I think Mr. Pashinyan handled himself well. The fact he was willing to offer himself up to this kind of scrutiny is a huge thumbs up.
casual47
13/8/2020
16:04
Progress on the Kapan production will be useful. Given the rise in gold price, you don’t need a drilling season to seriously upgrade the resource. It will be interesting as it will reverse the direction somewhat given that they have been more conservative over the last few years.
jc2706
13/8/2020
15:34
Warren Gilman has just joined the BOD of a gold royalty company: hTTps://www.prnewswire.com/news-releases/goldmining-announces-appointment-of-warren-gilman-to-the-board-of-directors-of-gold-royalty-corp-301111369.html
casual47
13/8/2020
14:05
Well, they have already effectively indicated nearly 50% growth at Kapan by H2 2022 as they are targetting throughput to increase from 700ktpa to 1mtpa thanks to opening an additional mine face at the East Flank and adding 3rd party ore. That should see AISC drop quite significantly and see gold output increase to ~75k oz pa Not sure there can be that much improvement at Tulku as they appear to be skipping the drilling season this year, but we may see them revisit the modelling and adjust for higher gold prices, lower oil prices, depreciated currencies and better supplier quotes for the big ticket items. Given the above they might be able to add a large bulk of the resource back into the plan without changing the $110m initial capex figure.
casual47
13/8/2020
13:43
So you are expecting an aggressive resource growth? I don't see why not given the recent strength in the gold price and the fact that this would be an obvious marketing ploy to attract investors (both debt and equity). The market loves resource growth. Up to a point. What we really need is an obvious path to revenue improvement, whether that be via M&A, production increases at Kapan or Tulkubash financing.
jc2706
13/8/2020
10:49
The hiring of the new geology VP might have something to do with Dusty's approach so I wouldn't be surprised to see a rather significant u-turn. (Dusty made a couple of u-turns himself which perhaps is indicative of the decision re. Tulku mine plan being on a knife edge with small changes in input parameters capable of easily flipping things one way or t'other - e.g. increasing resources vs reducing costs and resources, if e.g. something changes which allows costs to be reduced independently of resource then that could allow widening the resource and vice versa)
casual47
13/8/2020
10:47
I wonder if they will expand their $1600/oz "pit shell constraint" for the Tulkubash resource? Will it make much of a difference if they make it e.g. a $1750/oz pit shell?
casual47
13/8/2020
10:02
Here's the share price Angel flash note of 6th August: hTTp://research.spangel.co.uk/_act/link.php?mId=AO9422667498912666009342996zzzzz64f4d62d4ac302d7de99091fd232a26164bbc0250c1dd106fa78949e2d346f0d90&tId=1234718877 Some interesting projections re. financials for 2020E to 2023E. (I think they made a mistake for 2020E on the net interest figure as I think a large chunk of that ($8m) is actually loan repayment rather than interest. If so, that would make the numbers a lot better)
casual47
13/8/2020
09:22
While we are waiting.....here's what could be ahead: 1. Updated feasibility study. Last year it dropped in August. According to the July presentation it should come out in "q3 2020" 2. News on $19.6m investor loan refinancing. Current maturity is end of December this year but Labro have a deadline of end of October to get it finished (or else they get more shares). 3. Interim results. Any time from 14th to 30th September 4. Kapan resource update? Last year this dropped with the operational results end of July so perhaps there won't be an update this year (instead maybe they are holding it to release with the update on the East Flank exploration? Due "2020-2021") 5. News on an investment agreement with the Kyrgyz government. From AR: "In 2020, an investment agreement between Chaarat Zaav and the government is expected to be signed, which will provide even more stable conditions for the successful implementation of the project." My understanding is that this is related to providing extra safeguards re. ability of Chaarat to take the Kyrgyz government to the international court of arbitration. Might be an important consideration for a major Western investor wanting to take part in the project finance. That said, I don't think it would matter much to the likes of sberbank/VTB or the EBRD (who already have such safeguards and more for all investments they are involved in) so the importance of this agreement could be more symbolic than practical.
casual47
11/8/2020
17:32
A loan from sberbank would be significant imo. Would be hard to become a FSU consolidator without Sberbank and VTB
casual47
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