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CGH Chaarat Gold Holdings Ltd

4.10
-0.55 (-11.83%)
28 Mar 2024 - Closed
Delayed by 15 minutes
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
  -0.55 -11.83% 4.10 4.00 4.20 4.65 4.10 4.65 1,477,019 09:55:01
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gold Ores 92.35M -8.58M -0.0124 -3.31 28.28M
Chaarat Gold Holdings Ltd is listed in the Gold Ores sector of the London Stock Exchange with ticker CGH. The last closing price for Chaarat Gold was 4.65p. Over the last year, Chaarat Gold shares have traded in a share price range of 3.20p to 16.10p.

Chaarat Gold currently has 689,668,088 shares in issue. The market capitalisation of Chaarat Gold is £28.28 million. Chaarat Gold has a price to earnings ratio (PE ratio) of -3.31.

Chaarat Gold Share Discussion Threads

Showing 10801 to 10824 of 12375 messages
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DateSubjectAuthorDiscuss
07/10/2020
07:50
Some good news: Chaarat posted yesterday's refinancing news on Linkedin and got "liked" by two EBRD folk.

They will not be fazed by what's going on in Kyrgyzstan, I think.

Once law and order returns to the country things should hopefully work out there.

casual47
07/10/2020
07:16
Looks like they're trying to go after Kumtor now also:

"Vigilantes take control of Kumtor office"

The office is in bishkek so hundreds of miles away from the mine itself



Via google translate:

Vigilantes take control of Kumtor office
12:19, 07 October 2020, Bishkek - 24.kg, Yuri KOPYTIN

In Bishkek, unknown persons tried to seize the office of the Kumtor company. Eyewitnesses told 24.kg news agency that there were about 15-20 people. They broke down the door, burst inside. At that moment, there was no one in the office - all employees of the company have been working remotely since the beginning of the coronavirus pandemic.

After a short time, the invaders left the company's office, promising to return.

Police officers and representatives of voluntary people's guards drove up to the Kumtor office.

casual47
06/10/2020
17:12
Well they did say they would be giving Tulkubash financing updates throughout H2 2020 :


Various financing initiatives remain in progress, including discussions with a number of institutions regarding project finance for the Tulkubash project. Further financing updates will be given throughout H2 2020.

2pablo
06/10/2020
16:24
Because they aren't negative in either Armenia or Kyrgyzstan obviously.
jc2706
06/10/2020
16:16
Seems to me , a 9.5% interest rate on the loan is rip off territory when interest rates are negative
juju44
06/10/2020
14:58
Centerra update:

TORONTO, Oct. 06, 2020 (GLOBE NEWSWIRE) -- Centerra Gold Inc. (TSX: CG) today confirmed that operations at its Kumtor Mine continue uninterrupted following the recent political unrest in the Kyrgyz Republic. The Kumtor Mine is located in a remote mountainous location 430 kilometres by road to the southeast of the national capital Bishkek which appears to be the centre of the unrest.

The Company is monitoring the unfolding political events to ensure that conditions remain safe to continue to transport people and supplies to the mine. The political situation is continuing to evolve, and the Company is taking all the necessary precautions to ensure the safety of its personnel and operations.

casual47
06/10/2020
14:10
I suspect this will be just for the $7m.

I doubt it is linked to the Tulku project finance.

casual47
06/10/2020
14:07
If they've separated this $7m for repaying, it would seem we are near to the main financing deal. This, it reads, will include the £7m, or am I reading too much into it?
2pablo
06/10/2020
13:14
JC - I wouldn't necessarily expect a comment on Kyrgyzstan for as long as either Tulku remains unaffected or the situation in Kyrgyzstan remains off the radar of the international press.

On Twitter there's locals saying a coal mine in Kara-Keche got seized now also.

There is not much worth agitating about for locals in Tulkubash as it is mostly a greenfield still.

The boast from Artem that Chaarat works to have solid relationships with the local Elders who don't tend to change as often as the politicians may get its first real test.

casual47
06/10/2020
12:56
Its a relief to have at least $13.5m of the loan taken care of and for such a long term. It will make the remaining $7m a lot easier to refinance with commercial debt providers.

The fact that both the $13.5m and $7m will be secured on the group level rather than against Kapan means that more debt could be taken on secured against Kapan.

So now we have:

Secured against share capital of the group (Chaarat International): $13.5m and $7m debt

Secured against Kapan: $30m bank debt

Secured against Kyrgyz assets (Chaarat Zaav): $20m loan notes

I would have liked to have seen a commercial lender step in for the full $20.5m as that would really prove the solidity of the business case but it's progress anyway.

casual47
06/10/2020
12:41
Refinancing of the loan I see with Labro picking up the tab. No comment on the situation in Kyrgyzstan though.

I am surprised that the price has stayed where it is given the news. I suppose no trades for the day is the reason why, which in itself is surprising.

jc2706
06/10/2020
11:20
Looks like the Jamgyr mine and Chinese operated Kichi-Chaarat mine (nothing to do with our Chaarat) can be added to the list of mines under attack.



Via Google translate:

Gold deposits are being captured in regions of Kyrgyzstan
16:18, 06 October 2020, Bishkek - 24.kg, Tatiana KUDRYAVTSEVA

Several enterprises of the mining industry were seized by the protesters. This is reported both by representatives of the companies themselves and by users of social networks.

At the Jerui deposit in the Talas region, unknown persons looted a warehouse and set fire to the building of a gold recovery factory. Local residents attacked the Jamgyr gold mine, two laboratory workers barricaded themselves in the building.

In addition, there are reports that all employees were expelled from the Tereksai field. Local guards were set up on Kichi-Chaarat.

The State Committee for Industry, Energy and Subsoil Use is not available for comment.

casual47
06/10/2020
10:41
After the arson and run on Jerooy earlier today another miner is stopping work:



Via Google translate:

Turkish company has suspended work at the Terek-Sai field at the request of the local population
October 06, 2020

In the Chatkal district of the Jalal-Abad region, a Turkish company suspended work at the Terek-Sai field at the request of the local population. Bolotbek Ashirbaev, head of the Terek-Sai village council, where the deposit is located, told Azattyk about this.

“A group of local residents came to the leadership of the Turkish company and demanded to suspend the development of the field until the situation in the country stabilized. The company agreed to prevent clashes between the parties, ”Ashirbayev said.

The field is being developed by Eti Bakir Terek-Sai, a joint venture with 25% of the capital owned by Kyrgyzaltyn OJSC and 75% by the Turkish Eti Bakir. For the development of the Terek-Sai field, the company has attracted investments of $ 100 million since 2016.

Earlier, the head of the Bekmoldinsky ayil okmotu in the Talas region, Kubanych Kanybekov, told Azattyk that an arson was committed at the Jerui field.

casual47
06/10/2020
10:14
The elections have been officially annulled and a provisional "co-ordinating council" has been established to determine the way forward. Looks like their first demand is for the president to resign or be impeached.

Meanwhile there seems to be some jockeying for power as each faction is trying to put their own stamp on things while there is still a power vacuum.

Loads of former politicians have been taken out of jail by their supporters and are promptly making speeches. Lots of them were jailed for good reasons so hopefully they will not end up having a say in the future direction of Kyrgyzstan.

As long as there is a power vacuum things could go in lots of directions so who knows where this will end up.

casual47
06/10/2020
07:31
The president has gone to the south where his support base is and is calling for legal order.

Meanwhile, a mob seems to have seized the Jerooy mine:

casual47
06/10/2020
05:21
I suppose that it is inevitable that you get these ructions in developing democracies (the US being an obvious example). But it does make for interesting investing.
jc2706
06/10/2020
05:19
Extremely highly valued. Would have been worth buying a year ago though!
jc2706
06/10/2020
00:30
Have a look at eua if not already in. Multi bagger... under negotiations to sell whole company or an asset. News due soon.
easwarareddy
05/10/2020
22:43
Whereabouts of the current president are not known, said to be still in Bishkek but I imagine he may not want to be sticking around.

The former president, Atambayev, has just been released from jail by the protesters.

Tomorrow I would expect the opposition parties to put together a temporary government and then if everyone plays nice new elections.

I don't think there will be any ramifications for companies like Chaarat though it may take a while for the usual governmental administrative processes to get back to normal so perhaps some limited delays with red tape etc?

Hopefully won't impact on project finance - it's sorta what folk expect to happen in this part of the world so they should hopefully take it in their stride.

casual47
05/10/2020
21:30
Parliament has been seized also:
casual47
05/10/2020
21:26
Looks like a new revolution could be in progress.

Potted history of previous times it got seized (2005,2010):

casual47
05/10/2020
21:23
Yikes, Kyrgyz protesters have seized the White House - the office of the president.
casual47
05/10/2020
17:45
If you search "bishkek" on twitter you'll see a lot of tweets about it.

It's a young democracy so this may all be growing pains. Let's see the state of play tomorrow.

Current live feed:

casual47
05/10/2020
17:28
Blimey, if it isn't Armenia it's Kyrgyzstan
2pablo
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