Chaarat Gold Share Discussion Threads

[casual47] 18/9/2020 12:56

Would be nice if Mr Labro really pushed things into mid or high 40s, just to see what happens.

If he were to time it with e.g. the q3 operational results then the net result might be that a new set of retail investors might become aware of Chaarat.

[casual47] 18/9/2020 10:55

Looks like Polymetal sold Lichkvaz last year. Can't find who the buyer is.

[casual47] 18/9/2020 10:44

Interesting that the 3rd party ore comes from Lichkvaz.

[casual47] 18/9/2020 10:04

First half hour was basically going through the presentation, so if you saw Monday's then you didn't miss anything.

Thumbs up from me!

[2pablo] 18/9/2020 09:52

Missed the first half hour of today's webinar - anything interesting?

Nice to see Mr A alive and kicking again

[isaisa1] 18/9/2020 07:35

New to this thread is there anything to watch out for in the investor presentation this morning given by management?

[sparkyboy1] 18/9/2020 05:25

No I think he has been out a long time. Yes I mas in before it went up 500% on mad Monday but instead of selling I have added (selling some Cgh) I think SNG will be given emergency access to market its SNG001 drug and will be bought out or go into partnership with a major in the near future if it does I will be buying back my CGH

[2pablo] 17/9/2020 19:42

Yes, Sparky, I do occasionally come across him myself. I did very well out of SNG selling my whole holding on that 500% day. I was lucky I was playing golf until I noticed it was 479% up - then I took notice.

Wish him well, has he any Chaarat?

[sparkyboy1] 17/9/2020 15:27

Pablo i was chating with your old sparing partner you remember Dibs61 a good few years ago, on the SNG site

[casual47] 17/9/2020 13:40

A merger could be, relatively, goldprice agnostic.

[max244] 17/9/2020 13:18

I asked some questions for Monday’s presentation and got the following back:

Is the M&A strategy of the last 2 years still viable at $2000oz gold? Will anyone sell? – We see still a few opportunities in the FSU area and based on consensus prices the long term estimate is around USD 1,500/oz and we see merit from some sellers to not get unrealistic with their expectations. However, if we see increased ask prices, we are putting discussions on hold and only progress in the case we see value accreditive transactions that create value for our shareholders.

Does the Armenian government’s softening stance on the development of Amulsar make an operational role attractive, under the right terms? Is involvement here an ambition for Chaarat? – We are reviewing several opportunities as part of our M&A strategy in the three clusters we feel comfortable in, i.e. Caucasus region, Central Asia and the Far East Russia. Armenia is a mining active region with very interesting geology but we are not in a position to comment on individual projects and government sentiment on other projects.

As mine developments economics have improved significantly over the last 12 months for Tulkubash, what are the main challenges for securing the debt financing required? – We fully agree with this assessment. The main challenges for securing the debt finance have been past in our view as the COVID 19 situation has caused banks to slow down and assess their existing portfolios which has been significantly improved since August. We see more and more banks reengaging and putting new loans at a higher priority again over existing portfolios. The challenge is that we aim to achieve the best results and best cost of capital which are offered by development banks who are usually moving a bit slower than commercial banks.

[wilmot666] 17/9/2020 12:43

the investor meet platform allows questions to be logged when someone registers for the call. I've already asked the obvious questions re M&A pipeline and funding updates.

[2pablo] 17/9/2020 11:17

Casual, post a few questions to Chris Eger, he's running it I think : hxxps://www.investormeetcompany.com/

[casual47] 17/9/2020 10:23

If the East Flank becomes reality and they achieve 75-80k oz pa just from Kapan then I wonder if that would mean Chaarat as a group could cover all its regular day to day costs.

Right now Kapan is able to service its own debt but more money is needed on the group level to keep ticking over.

[casual47] 17/9/2020 10:15

I hope it's not just us, the ADVFN Chaarat geek club.

Retail covers more than just lone PIs so hopefully there will be more.

I wonder if the event got set up because they had demand for it or is it more a case of cart before horse.

[2pablo] 17/9/2020 08:46

I've asked a couple : one on 'the East Flank' and for pie charts to show the volumes and values attached to the various metals produced at Kapan

[2pablo] 16/9/2020 19:24

If true to the form of his last waivers, he won't be doing much for a while.

Does just seem an insurance policy and one presumably needed to protect funding initiatives. No-one wants to have to issue equity at a low price or explain to investors why we're at a low market cap.

Anyone posing any questions for Friday?

[jc2706] 16/9/2020 14:15

I don't disagree.

[casual47] 16/9/2020 13:34

Once upon a time it meant a guaranteed rerate (from sub-10 to 15p, from 15p to low 20s, from low 20s to 30p, from 30p to 36-39p)

Those days are probably over now and instead a waiver now appears to mean "underwrite 36-39p"

Which is still a massive insurance against the odd PI dumping their shares.

[jc2706] 16/9/2020 13:29

I think that the market has become somewhat inured to these waivers so it of itself is unlikely to make an impact. He might actually have to buy some this time around!

[casual47] 16/9/2020 12:26

Here we go again: grant of waiver for 3m shares

There shouldn't be any closed period until next year now so no excuses.

[casual47] 16/9/2020 10:00

Too boggling to work out impact on AuEq but compared to H1:

Copper is up about 20%
Zinc is up about 20%
Silver is up more than 50%
Gold is up about 20%

[casual47] 14/9/2020 13:48

Artem interview out just now



"Chaarat Gold Holdings delivers positive Ebitda for first time in company's history"

[casual47] 14/9/2020 10:40

Based on the lower estimate for Kapan's FY EBITDA there should be an EBITDA of ~$13m in H2. That's about three times what they did in H1.