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 Shares Traded Last Trade
  +0.20p +0.63% 32.00p 415,465 16:10:09
Bid Price Offer Price High Price Low Price Open Price
31.60p 32.00p 32.00p 30.60p 31.00p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -13.39 -3.81 126.5

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Date Time Title Posts
24/5/201908:48Chaarat Gold Holdings (AIM: CGH)7,769
21/5/201213:08Talks with Government-

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Chaarat Gold Daily Update: Chaarat Gold Holdings Ltd is listed in the Mining sector of the London Stock Exchange with ticker CGH. The last closing price for Chaarat Gold was 31.80p.
Chaarat Gold Holdings Ltd has a 4 week average price of 26.10p and a 12 week average price of 24p.
The 1 year high share price is 32.40p while the 1 year low share price is currently 18.50p.
There are currently 395,167,015 shares in issue and the average daily traded volume is 701,668 shares. The market capitalisation of Chaarat Gold Holdings Ltd is £126,453,444.80.
casual47: Re. shareholder alignment: They get no cash bonuses for the next three years. Instead they are given shares (19m to be issued over three years) and options at 42p (59m which vest over three years), both shares and options will be locked in so they can't sell shares during these three years. So yes, they are very much aligned and will want the share price far exceeding 42p.
max244: Numis published this morning. Reiterate 40p target. Say that Ciftay’s investment is in line with Numis’ approx $250m valuation of Kyrgyz assets. They recognise the potential for upgrades but nothing more bullish than that. I know there has been much discussion as to why the share price does not move on good news. I think the long and poor history means that there is a lot of cynicism. It may well take until the company is posting proper earnings for the share price to start moving in in a more meaningful way. That will clearly begin with Kapan this year. However they may well have a significant haircut to the present value of the Tulkubash assets until we are closer to the point of actually generating cash. If someone put a company in front of you that could be 2X or 3X in 2 to 3 years time, you be very excited. It’s understandable that anyone who has been waiting five or 10 years already is inevitably more impatient.
casual47: Boom! He now holds more shares than me, which has not been the case for the CEOs of a few companies I invested in before... Chaarat (AIM:CGH), the AIM-quoted gold mining company with assets in the Kyrgyz Republic and Armenia, was informed that on 11 March 2019 Artem Volynets held 872,000 ordinary shares of US$0.01 each ("Shares"), representing 0.22% of the issued share capital of the Company following the purchase of 500,000 Shares at an aggregate share price of 25.5 pence per share on 11 March 2019.
casual47: That's more like it! Chaarat (AIM:CGH), the AIM-quoted gold mining company with assets in the Kyrgyz Republic and Armenia, was informed that on 8 March 2019 Artem Volynets held 372,000 ordinary shares of US$0.01 each ("Shares"), representing 0.09% of the issued share capital of the Company following the purchase of 300,000 Shares at an aggregate share price of 24.8 pence per share on 8 March 2019.
jc2706: I suspect that the price action currently is more likely a reflection on the share price than the company. To expand, when CGH went into suspension it was on the back of a Kumtor bid which didn't materialize. However, I the meantime there was another successful bid. As a result, I am sure that there was some expectation amongst shareholders that there would be positive movement in the share price (we have seen some comments to this affect on this board). The lack of this movement is enough to make some holders sell creating more downwards pressure. I am sure that many have seen these situations before and it is a part of investing on the market. Quite often shareholders will bring to blame the BoDs despite the fact that they are delivering what was promised. It should be stated that the BoDs is responsible for establishing and implementing a strategy to the benefit of all stakeholders. It is the market to determine how that should be priced.
jc2706: For now I suspect that you are right casual47. A lot of companies shun the FSU region and it is unlikely that they will be buying in any time soon. Personally, I think that this actually provides a good opportunity, although one that you shouldn't be banking the house on. Assuming that their strategy has a positive outcome, at worst you get to the point that the company is producing excess cash that it returns as a dividend and if the share price is suppressed as a result of the location, the yield will be relatively higher than would be achieved otherwise. Of course, should the geopolitical situation change or companies revise their investment allocation then the share price will respond accordingly. In the meantime you can buy at a discounted price. Or at least that is the theory.
manxbean: Casual as always, some great posts. Kapan looks like a great purchase if they can deliver on the LOM as they say. I'm surprised the share price is where it is but then volume remains light - what was the tactic behind the 5m director share purchase notification? Stabilise the share price whilst the finance was obtained?
jc2706: It doesn't work like that. Buys and sells are often done at trigger points (often the opposite of what they should be but that is the private investor for you) and psychology. As such, a drop may stifle selling/attract buying and a rise may stifle buying/attract selling. Actually, the reverse is also true as a falling share price can induce panic and a rising price can attract momentum buyers. My point being that it is unpredictable and the absence of the buyer does not necessarily mean that the share price would fall.
jc2706: It is clear that the executive team want the share price high in order to get away a fundraising with convertibles (the preferred approach) at a higher conversion price. If they rely on the Kapan deal to boost the share price there is no guarantee of success - the market may 'sell the news'. However, by buying more in a restricted price frame they can more directly influence this at relatively little cost to themselves compared with the potential impact of the dilution from a low priced convertible offering. I.e. this way they get to keep more of the pie.
max244: I think we are obsessing too much on the short term technicals of whether the management group clear out the overhang of sub-30p sellers so the share can establish a higher level. This is the highest price in 5+ years and after lows near 5p I can see why people - both making or losing money - might want to exit and move on. On the concert party buying, what was the original motivation for the waiver? Surely principally to ensure they could mop up shares in the event the share price action after suspension was poor, which is what played out. I felt a bit nervous about my 21p purchase when the following day someone was selling at 17.8p but continued to buy cautiously. Clearly we all felt better when there was a bid for 5m shares alongside us buyers. However, I would be far more concerned if the share price doesn’t move when there is something to report that is more significant than Director buying: Kapan acquisition completed, an updated feasibility study with much improved economics and a (relatively independent/respected) broker note outlining the 2019 investment case to a much wider audience and potential new investors.
Chaarat Gold share price data is direct from the London Stock Exchange
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