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CGH Chaarat Gold Holdings Ltd

0.144
0.00 (0.00%)
13 Dec 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 Shares Traded Last Trade
  0.00 0.00% 0.144 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
0.12 0.16
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.144 GBX

Chaarat Gold (CGH) Latest News

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Chaarat Gold Forums and Chat

Date Time Title Posts
25/11/202407:38Chaarat Gold Holdings (AIM: CGH)12,887
07/8/202411:02Delisting-
01/8/202415:01Charaat Gold3
30/7/202413:52CGH9
30/3/202211:26Talks with Government1

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Posted at 15/8/2024 19:10 by 2pablo
All very secretive, reporting when the shares are now delisted but wouldn’t have made any difference to me or the share price, just doesn’t show any confidence.

It seems that it’s unlikely there is going to be any funding nor any outright sale in the near future.
Posted at 15/8/2024 15:47 by ed sturman
The CGH publication warns that it nay be extremely hard to sell shares after privatisation.
If no funding is forthcoming before the remainer of the LNs are due (December 25)
a further dilution is likely.
Therefore i have sold the bulk of my shares.
Good luck all.
Posted at 08/8/2024 07:54 by citys2874
if shareholders don't approve at 11.00am share price will quad bag and if they do approve it will rise
Posted at 07/8/2024 14:29 by induna123
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
Posted at 05/8/2024 23:31 by book5
2Pablo,

Martin is converting debt CGH can't repay to him, but the RNS has left the door open for him to invest 1 million more (part of the 4.7 million required). So far, he has not committed to it, but he may do in the future.

The share price is well below the conversion price.

My main question is:

Has CGH told us the root cause of why we are in this situation?

I can't afford to commit new funds here.

All the best, Good luck.
Posted at 03/8/2024 12:09 by tractorhead
Next week is AGM (on 8th). If voted throug, this will de-list and go private.

The re-organised company will all of a sudden have no debt, enough committed working capital to keep it going for 6 months or a year and no awkward super low listed share price.

That will surely make trying to find suitable funding much easier? Looks like the CLN holders have played a blinder here. Shareholders screwed.
Posted at 31/7/2024 06:32 by book5
Pablo2

Thanks for your information.

Please find following a remarkable post by an ADVFN poster in one of the other threads:


ed sturman 23 Jul '24 - 15:22
0 0 0
Hello,
I am a new contributor but have followed this site for a few years . I hold a large number of shares, first swathe purchased 2008.
Many shares were bought by the Bermuda-domiciled Labro Investments Limited, which as you know is majority-controlled by Martin Andersson.
The loan notes were in part provided by Labro and have now been converted into shares. Thus MA owns a large part of Charaat, whilst we own 2%, as the shares have been diluted so much.

I don't believe that they couldn't find funding for the mine with many millions of gold at reasonable mining costs. Solgold found it.
I bet that there will suddenly be funding when CGH is private (probably the Chinese)
otherwise there's no point in taking the company private.

This looks like a pre planned stitch up by Martin Andersson.

In the publication I received it states that the liquidity and marketability of our shares may be significantly reduced.
Even if we are able to sell our shares in the event of a profitable mine, we will not get much for them

A friend (also a large share holder) has written to the FT, as this warrants further investigation.
Please do the same. The more letters the better.

subscriptios@ft.com
Attention Mohamed
Ref:!00D200LryV.!500Px0CavK5:ref
Posted at 23/7/2024 14:22 by ed sturman
Hello,
I am a new contributor but have followed this site for a few years . I hold a large number of shares, first swathe purchased 2008.
Many shares were bought by the Bermuda-domiciled Labro Investments Limited, which as you know is majority-controlled by Martin Andersson.
The loan notes were in part provided by Labro and have now been converted into shares. Thus MA owns a large part of Charaat, whilst we own 2%, as the shares have been diluted so much.

I don't believe that they couldn't find funding for the mine with many millions of gold at reasonable mining costs. Solgold found it.
I bet that there will suddenly be funding when CGH is private (probably the Chinese)
otherwise there's no point in taking the company private.

This looks like a pre planned stitch up by Martin Andersson.

In the publication I received it states that the liquidity and marketability of our shares may be significantly reduced.
Even if we are able to sell our shares in the event of a profitable mine, we will not get much for them

A friend (also a large share holder) has written to the FT, as this warrants further investigation.
Please do the same. The more letters the better.

subscriptios@ft.com
Attention Mohamed
Ref:!00D200LryV.!500Px0CavK5:ref
Posted at 03/7/2024 13:38 by book5
If this is sold, shareholders will receive the difference between the sale price and $40 million (debt) + costs.

It's important to note that the company's current market cap is around $13 million. The company should inform the market if we have any offer above 60 million; if so, the current share price appears pretty priced in the event of a liquidation.

The latest balance sheet mentions assets valued at: $70million (exploration) + 14 m fixed assets.

Do we have any buying offers above 60 million?
Posted at 12/4/2024 12:04 by book5
You both were right
The share price is below 4p and 3p on the cards
At this gold price, our former mine in Armenia may have turned profitable
Only a miracle will allow us to sell at 6p
CGH will need to sell new shares soon to keep the lights on; if they are allowed to keep them on…
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