I'm a great believer in the Chaarat deposit. I am sure it is a worldclass deposit. It has been explore and drilled by experts and has the necessary JORC compliant results to back it up. It has even go a not quite fully signed of Chinese supported DFS, (at cost of two years - that's $1m to Dekel), which I am sure is worth something... if the Chinese are still talking to Chaarat. Unfortunately EVERYTHING it is currently controlled by Dekel. He has been in charge/control of this monster for over 10 years but has completely failed to bring it to production, either small scale or with a partner, despite spending over $100m. In the meantime he has pocketed over $5m and has been living the life of an international jet setter businessman, on expenses! Over the years Chaarat has had some experienced PM mining heavyweights as part of the senior team, including at board level, but they have each left due to Dekel's attitude. He thinks Chaarat is his baby even though he only holds about 5%. However, wheels are turning and money talks, with PM prices rising and the major players looking for bargins the Sleeping Elephant, as Chaarat was once called will rise up. The next few weeks are Dekel's last chance to come up with something or he will be pushed aside. Either way CGH is a must buy with a realistic target of 30p in the short/medium term.
It's going to take 2 yrs to break ties with the EU. Therefore possibly 2 yrs of uncertainty? When this happens in the markets people tend to turn to gold as a safe haven! If this is the case gold should continue to rise, possibly faster than anybody thought. We therefore will be in a good position if Dekel wants to negotiate a deal to sell and demand in the company should naturally rise. He needs to take advantage, but not be too greedy. I do think the 2yrs it's going to take to brexit, will only fit in with his timescale anyway. I do hope I am wrong though!! I really need to be cashing out of this stock quicker rather than longer.....GLA.
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