Chaarat Gold Share Discussion Threads

[casual47] 12/9/2020 13:55

If the PIs who sold on Friday had been just a little more patient and set e.g. limit sale trades then they might have been able to sell their shares to the AT which has been hoovering shares at 39p.

This share is just too illiquid to instantly sell into the market. The average O trade yesterday was about 6k shares which is imo indicative of the liquidity issue: I think there just wasn't a market to sell bigger chunks. The consequence is that the shareprice drops very quickly.

The converse will, imo, be true also.

[2pablo] 11/9/2020 22:36

JC - excellent thoughts, you're right most are simply obsessed with the day-to-day share price movements As was very predictable, today went with 'Sell the news' but the news from Kapan is pretty good. Nothing sensational but you're not going to get that from a working mine rather than exploration.

I am still intrigued by the trading over the last 2 - 3 weeks where we think pi's have been transferring their shares into the hands of ii's. The ii's would have had much more info and analysis at their fingertips and they were well prepared to stump up nearly 40p and weren't bothered about today's upcoming fall. The volume traded over those weeks was exceptional and perhaps that explains a lot. The ii's pick up volume when they can.

Interesting to see what happens next week, hopefully the two presentations will get a positive response although the second seems totally unnecessary, the active private investor base in this share has always been minimal, literally only about 20 - 30 active at all on any social media.

Get finance sorted for Tulkubash as well as any investor loans, refinancing etc; get through Covid; get through the long winter and get Tulkubash moving and maybe get some M&A going - the journey continues for Chaarat

[jc2706] 11/9/2020 16:36

It is interesting to see the comments on here today. It would seem that these are more about the share price than the performance of the company. In my experience these can often become disconnected but they cannot remain so indefinitely. At some point the share price will come to life.

The fact remains that Kapan has been progressing since it was bought and will likely be the engine of growth for both the wider company and the share price for the next six months or so. This will be on the back of rising gold and silver prices (but I believe that copper and zinc will also join the party) as well as further performance increases. Don't forget that Kapan produces 20 times as much silver as gold (strangely I have a personal target of the gold to silver price ratio of 20).

Thereafter Tulkubash should take up the running with the initial impetus being funding. That should act as the trigger for the market to start focusing on the reality rather than the theory of Tulkubash production.

[casual47] 11/9/2020 16:32

Curious that they are doing a retail presentation as I imagine a lot will be duplicated from the Monday call.

Looking at this BB I don't get the impression there is a huge number of PIs sitting with a lot of questions (apart from "why is the share price not higher").

[casual47] 11/9/2020 16:26

I'm expecting there to be an RNS regarding further funding next week. Would make sense to do it prior to the analyst call on Monday.

[sparkyboy1] 11/9/2020 13:53

My problem I do get sent sentimental about some shares which is not a good thing I have a feeling its all going to happen early next year I have sold no shares today big drop? Again

[sparkyboy1] 11/9/2020 13:26

I have sold over a million shares over the last few months due to boredom and all we seem to do is bounce between 30 and 40p. I have a few left which I am keeping. I might start buying again if things pick up I had to derisk and I made good money gla

[wilmot666] 11/9/2020 13:17

Yeah investormeetcompany.com. Its a pretty decent platform. I've attended half a dozen with other companies.

[casual47] 11/9/2020 13:08

Ok, gotcha - today's second RNS

[casual47] 11/9/2020 13:07

What's the Friday one?

[wilmot666] 11/9/2020 13:03

Management calls next week will be interesting. Monday and Friday from memory. I've been holding for many years but getting frustrated.

[casual47] 11/9/2020 12:59

They're forecasting an adj EBITDA of $10.8m on the group level for 2020 so H2 should be pretty spectacular and a huge milestone in Chaarat's history.

If you consider that Chaarat is still really a development/exploration play then that's rather good.

[juju44] 11/9/2020 12:58

Yawn . How many times do we hear it

[retirement_fund] 11/9/2020 12:09

New CGH LinkedIn post: finnCap mentioned Chaarat and the H1 2020 interim results in their morning note today. Their valuation is 60p now

[jc2706] 11/9/2020 10:59

Tulkubash is indeed developing more slowly than hoped for but Kapan seems to be performing reasonably well.

The key metric I look for is cash generation and this is improving. It should be clear to most (ok, probably not juju) that the best performing assets in a gold bull run are those with higher AISC and Kapan js just such an asset. I expect H2 there to improve considerably on H1.

The usual sell off after interims occurring I see but apart from the Tulkubash delay (which was clear) I am not sure that we have learned much from these figures that we didn't already know or at least suspect, although the June shipment delays that suppressed EBITDA in June and improved it in July is new to me.

[juju44] 11/9/2020 10:45

The big team , worshipped here, has not delivered

[dog tyred] 11/9/2020 10:40

FH Looks like a few others feel the same way, me included. It always seems to be the promise of jam tomorrow with CGH, as it is with many shares. However, I'm getting board of just bread.

All I know is that the moment I sell the bloody price will jump so sitting on hands for the time being.

Keep the faith, for now.

DT

[fishhead1] 11/9/2020 10:06

I must admit I am becoming more and more disheartened with this share. Further delays to financing and then subsequently both gold pour.

Appreciate that the Covid-19 pandemic has impacted things, but I cannot understand how financing has not been agreed in a raging gold bull market with Ag at record highs?

I have held this share in various amounts for 10 years now and am starting to scale back position and move into other shares in the sector.

[juju44] 11/9/2020 08:47

Nope - being a realist

[wilmot666] 11/9/2020 08:44

Deramping because you want to buy back at a lower price Juju?

[juju44] 11/9/2020 08:31

No matter how you try to embellish these results , the truth is its a pretty unflattering performance and not going to excite the market . Without the bull market in gold this would be a dead duck . Time to reduce

[casual47] 11/9/2020 08:08

It's a thing. Not a thing to be unduly worried about though. Not if you have been paying attention. It's also not the first thing I would post from the interims as it sorta misses the point.

The $20m investor loan will need to be refinanced this year so of course there will need to be funding. Mgt have already stated they expect this to be refinanced to 2023. With the results from today and gold price at $1950/oz it seems a no-brainer for this to be sorted before long.

[2pablo] 11/9/2020 07:57

Yeah, I like that July contribution.

Looks like two cases of Covid in Tulkubash workers but isolated and now recovered. Krygyz, and Armenia, Covid situation seem to be improving.

Yep does look like a placing fairly imminent, 'rossannan' but if this is done on or around 40p it's a confidence builder for the support we have.

I expect 'Sell the news' brigade today but hopefully they can be absorbed. The July Kapan figures are a terrific boost imo

[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."