Chaarat Gold Share Discussion Threads

[casual47] 11/9/2020 07:51

That is not the thing to take away from this RNS.

What is:
1. On a group level H1 had positive adjusted EBITDA of $0.5m - first time ever.
2. "Higher commodity prices, postponed shipments of June 2020 concentrates and improving operational factors led to an unaudited US$4.2m EBITDA contribution from Kapan in the month of July, more than doubling the Kapan EBITDA year to date."

[malcontent] 10/9/2020 19:33

this one is just dying to break 40p and go north
maybe it's waiting for an RNS, but pressure is building up for sure!

[casual47] 10/9/2020 09:59

More O to AT this morning.

[casual47] 09/9/2020 13:19

Pabs, pretty sure the AT are the buys:

PI sells (effectively to broker) --> O trade
PI's broker sells the shares on to II --> AT trade

The AT trades that follow the O trades make up roughly 100k each time.

[2pablo] 09/9/2020 13:16

Strangely resilient share price as clearly a lot of Sells. Background Buyer?

Somehow they're being absorbed, and for a few days now. Maybe someone has guaranteed to pick up any loose stock below 40p ?

[sparkyboy1] 09/9/2020 13:15

Casual just off loaded 200,000 good to see price holding

[casual47] 09/9/2020 12:36

More shares going from PI to II.

That PIs can unload so many shares while the share price stays solidly between 39p and 40p is interesting.

Let's hope it is a sign that IIs have decided to bet on the Chaarat horse and a rerate is imminent.

[casual47] 08/9/2020 12:55

Armenia PM's Chief of Staff states government's principle for decision on Amulsar gold mine exploitation



"The Prime Minister has said several times that the Amulsar gold mine will be exploited, if it is established that there are no uncontrollable risks, and won’t be exploited, if it is established that there are uncontrollable environmental risks. The government will express its stance based on this principle"

Unless they are about to admit that there are "uncontrollable risk" for all mines in the country then I cannot see how they can do anything but confirm that risks can all be mitigated for.

[casual47] 08/9/2020 12:40

Mr AT seems more than happy to mop up PI sales. From the impatient to the patient.

[2pablo] 08/9/2020 10:31

Thanks for info sparky. I would not be surprised to see our interims bring out 'sell the news' guys on Friday

[sparkyboy1] 07/9/2020 19:21

pablo i sold 250,0000 glad to see price stay the same

[2pablo] 07/9/2020 18:09

Winnifroth : accoding to LSE new poster Tony

kiss of death...Today 15:32
...for this share now as TW has tipped it on his "HitsOwnWickets" site.



Massive volume lately, some big Sells seem to have been absorbed

[casual47] 06/9/2020 12:46

It is for Chaarat - if you look at past RNS news you will see a fundraise within 45 days of new broker RNS.

Just in time to meet the October "deadline" for the $19.6m

[jc2706] 06/9/2020 12:24

It is usually a good call!

[2pablo] 05/9/2020 17:10

That computes, Casual, from Martin's last purchase. I'd expect another waiver issued around the same time.

I wasn't really analysing if we'd get a good placing, a bad one or even if we'd get one, just stating that in my chequered career on Aim, a placing usually follows 'appointment of joint broker' almost as often as night follows day.

[casual47] 05/9/2020 12:34

Reminder: interims could drop as early as Thursday 10th.

We're also due the updated BFS this month.

[jc2706] 04/9/2020 16:25

We know that there will be a placing at some point to assist in the financing of Tulkubash. So for me any indication of a potential placing is an indication that a financial package may be imminent.

We can but hope!

[casual47] 04/9/2020 14:58

Let's say by 31/12/2020 the total Kapan bank loan will have been reduced to $28m. That leaves $13m to secure as additional debt against Kapan.

So a refinancing package to replace the $19.6m could be:

$13m new debt secured against Kapan
$6.6m cash through placing at 40p

[casual47] 04/9/2020 14:55

We know there is a clause in the Armenian loan arrangement that total debt secured against Kapan may not exceed $41m so it would make sense to e.g. lend up to that amount (on top of the current $30m Kapan loan) and then pay of the rest of the $19.6m via placing or loan notes.

[casual47] 04/9/2020 14:51

Why would a placing be bad? So far all placing were at premiums to SP, AFAIK.

We know they are looking to refinance the $19.6m investor loan, with a preferred deadline of end of October. A portion of that might be through equity.

[2pablo] 04/9/2020 14:38

New Nomad and Joint Broker to replace Numis,

Canaccord Genuity Limited

A new Joint Broker often means a placing - hope not

[2pablo] 04/9/2020 14:32

Start of ShareProp's article (the rest you pay for) : Chaarat Gold (CGH) describes itself as an “AIM-quoted gold mining company with an operating mine in Armenia and assets at various stages of development in the Kyrgyz Republic”. The shares commenced 2020 at 35.2p, with the gold price then below $1,550. The gold price is now above $1,950, but the shares are still available at a 38.9p offer price – with the company most recently updating earlier this month…

Sounds like they may be recommending, who knows

[madbadtrader] 04/9/2020 11:19

Can we break above 40p as we did last Fri, but this time stay above? If so, maybe we can establish a new trading range.

[jc2706] 04/9/2020 10:17

Not a great fan of theirs to be honest because of the way TW behaves. Their share tips are very hit and miss but their exposure of frauds is pretty decent. Hopefully the article is not the latter!