Chaarat Gold Share Discussion Threads

[citys2874] 08/8/2024 09:23

news incoming today either way 50-100 percent rise due today

[jon389] 08/8/2024 08:30

i agree but if the restructuring proposals aren't approved the company said the share holders will get nothing ! It will be approved in my opinion

[ed sturman] 08/8/2024 08:27

They will approve
Share holders are LN holders who engineered this.

[bionictroller] 08/8/2024 08:23

If the shares get suspended and the AIM listing is cancelled you then own shares in a private company.

[jon389] 08/8/2024 08:18

if they don't approve we are suspended and it will be worth zero

[citys2874] 08/8/2024 07:54

if shareholders don't approve at 11.00am share price will quad bag and if they do approve it will rise

[jon389] 07/8/2024 14:54

it's called cancellation

[jon389] 07/8/2024 14:54

it's not suspension t cancellation on 16th

[farrugia] 07/8/2024 14:46

when is suspension?

[jon389] 07/8/2024 14:31

so the share should be at least 0.2p surely ? !

[induna123] 07/8/2024 14:29

Yes, it was in the previous RNS That's why the share price fell to 0.2p


Number of existing Ordinary Shares

728,056,182

Number of Recapitalisation Conversion Shares to be issued to the Noteholders, excluding those to Labro

7,332,991,254

Number of Recapitalisation Conversion Shares to be issued to Labro

393,797,058

Number of Ordinary Shares to be issued to MA pursuant to the Debt Recapitalisation Deed, in respect of

settlement of the Deferred Salary

214,500,000

Number of Ordinary Shares to be issued to Labro pursuant to the Debt Recapitalisation Deed, in respect

of settlement of the Labro Working Capital Facility

897,000,000

Number of Ordinary Shares to be issued to certain members of the senior management team

6,000,000

Number of Ordinary Shares to be issued to Galiant Partners, the Company's restructuring adviser

7,050,000

Expected enlarged number of Ordinary Shares following the abovementioned issues of Ordinary Shares

9,579,394,494

Issue price of abovementioned issues of Ordinary Shares

0.2 pence

USD:GBP

0.78

[jon389] 07/8/2024 14:21

then it's good value to buy now and hopefully a deal by then which is why probably the creditors are happy to convert their debt.I wouldn't be surprised to see a lot of buying up to the cancellation.I bought today and will buy more if it drops again

[2pablo] 07/8/2024 14:03

Blakesmith, we won’t be suspended tomorrow but we will be permanently delisted at 16:30 on Thu Aug 15th

[2pablo] 07/8/2024 14:00

Our debt is now reduced to $20m but those notes don’t mature until Dec 2025. I can’t see any further dilution until at least then. All the new shares have been converted at 390 to the $1 which is at about 0.2p each, or 500 to the £1

[jon389] 07/8/2024 13:47

he has sold out no doubt .Is that 0.2 for the whole dilution for certain ?

[2pablo] 07/8/2024 13:36

Pump and Dump officially over and ‘Citys2874R17; never to be seen on here again

[jon389] 07/8/2024 13:31

conversion (instead of conversation ) is meant to say Vagaries of predictive text!

[jon389] 07/8/2024 13:30

Pablo is that the conversation for the whole diluted capital? If so these seem very good value with the possibility of funding .I understand discussions are continuing from the rns

[jon389] 07/8/2024 13:26

'not saying your wrong but how do you know for certain 0.2p

[jon389] 07/8/2024 13:03

you are deliberately spreading false information

[blakesmith] 07/8/2024 12:48

Getting suspenddd tomorrow

[2pablo] 07/8/2024 12:48

Tractor, the dilution is all factored in already. The mm’s dropped the price to 0.2p as that is the price billions of new shares are being created.

Jon389 - exactly my thoughts, if we get the funding, which I think is more likely with the new streamlined company, the shares will be worth much more.

Not certain AssetMatch will amount to much but if not we’ll have to sit for Special Dividends or a takeover. A takeover is possible at £90m or multiples of that. Each £90m is worth 1p by my reckoning with 9 billion shares

[ed sturman] 07/8/2024 11:02

The official reason for why we are in this situation is that the company cannot repay the loan, so the LNHs are calling in their loan (with or without MAs approval).

Why did the board agree to such lending terms? Stupidity or something more suspicious?

Ma has 1.5 billion shares as a result of LN conversion (via Labro), in addition to his original holding which he bought at various times.

Other LNHs have around 9.5 Billion shares.
So he will still do well, despite the dilution.

I doubt if we could sell our shares via asset match any time soon. Who would the buyers be?

I held a few JKX sharea when they delisted, but failed to sell for over 2 years. Recently I was awarded 85% of my purchase cost and felt lucky at that.

Private companies are not restricted by what they can do in the same way as listed companies; that's why they go private.

[jon389] 07/8/2024 10:53

excuse the typos

[jon389] 07/8/2024 10:53

If the expected funding materialises, the shares will still be worth multiples of thrr red current price in my opinion