For the clarification and your thoughts. As always sensible and considered opinions. How refreshing.
According to gold analysts we are only $27 away from the start of a new gold bull market. If that happens that should concentrate a few Chinese minds. Charaat must be strategically a no brainer purchase for them right on their doorsteps and in the certain knowledge that there is a lot more gold there than so far defined.
It's good to see previous holders buying back in here at what is a bargain basement price and indeed more posters expressing their views both ways. One of the interesting statements in the RNS was Dekel's comment that a company remains interested in buying and is currently sourcing funds. Whilst Dekel's time-related targets (eg imminent, shortly) leave a lot to be desired, he is normally spot on in his assessment of what actually happens with the company. Whilst I personally prefer an outright sale in the short term (who wouldn't?) options 2 and 3 are almost as attractive given the very cheap predicted mining costs. If we do see gold up at $1500 an ounce this year, as some analysts predict, that is just the kind of macro issue that could seal a deal.
We were always going to do a DFS but we decided to change to the Chinese to complete it part way through. The logic was the Chinese would need their own standards (and language) to decide on funding. Dekel is not against selling off but I think he realises as commodity prices and gold miners have got really depressed over the years a good price is now unrealistic.
Therefore he is considering developing the mine, still with hopefully a Chinese JV.
Banksy does have a point about not being engineers. Think we will get a definite way forward in the next few months though - Christmas at worst - lol.
Bankside -hmmmm just two posts - one yesterday and the last one May last year which was entirely different in view - v.bullish. Suspicious. And for goodness sake clarify all the initials youve quoted - are they names of people or companies?? Most people won't have a clue what you're on about and the comparison to Apex is bizarre.
I'm always very suspicious of people who just turn up out of nowhere and come out with all this stuff and then disappear again. And anyone with 'bank' in their user name? Well, say NO more.
who you ask? he is indirectly the beneficially of our biggest shareholder - Labro Investments (formally Fasanara Fund). current holding - 25.2% of shares however they have exercisable warrants that could take them to 31.27%
Mr Andersson was on the board of this Russian mining company www.suek.ru and I am sure has many contacts in the mining industry. HIS support / opinion will be vital in where CHARAT goes next.
Patience must be wearing thin with Dekel and the BoD - his investment has currently more than halved in value - he is someone who can influence the BoD he could also just SELL forcing a take over OR make a bid to take us private. This man IMO will decide where we go next.
This must be a screaming buy at these prices however I cannot bring myself to buy more. I currently have over 500,000 shares in this so I am in deep.
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