I think these are due on 14 June 2013. I wonder if that will reveal anything. Also, if I understand correctly, Directors will be out of their closed period from that date and we may see some buying?? Current price is well below the price that some of them of purchased in the past...
Quick big trade gone through this morning.
Boring that the gold price is coming off but today's gold price is not really relevant... Gold price in 2015-2016 and beyond is what will count and my guess is that it will be a lot higher than it is today by then! We just need news of a deal with Chinese and this will jump. Get in now before it is too late.
Obviously the solution to Centerra's problems is very important to Chaarat. Even though they are a long way apart, at different stages of development and Kumtor seems to have a diabolical environmental record, the outcome of this dispute has great implications for Chaarat.
This article mentions by name near the end the 2 big Chinese firms already associated with Chaarat, i.e Shandong Gold and China Gold - Old RNS : Shandong Gold Mineral Resources Group Co. has secured Chinese regulatory approval to negotiate an investment into Chaarat Gold · Memorandum of Understanding signed with China Gold International Resources Corp. (I think this is the same as China Gold) for sharing construction and costs of power line for the Project
Got this back from her today after I'd asked when the results(and closed period end) would be. I also gave my views on Kumtor and asked if she'd any comment:
Chaarat’s results will be issued later this month.
As you say Kumtor is a special case and its circumstances are not comparable to Chaarat.
Linda Naylor Finance Director Chaarat Gold Holdings Limited c/o Central Asia Services Limited 6 Conduit Street London W1S 2XE www.chaarat.com Tel: + 44 20 7499 2612 M: + 44 7976 994298 ----------------------------------------------------------------------- So, not very chatty this time and we're no nearer knowing the results date, but presumably it'll not be till at least w/b 17th June although they were June 1st last year. Kumtor seems to have quietened down some with production restored under a lot of protection and police intervention. It's a pity Linda couldn't elaborate on her understanding of the differences between Centerra and Chaarat (besides production -lol), perhaps too sensitive for email, although I did ask if she could call me.
Trading seems to have slipped into 'sleep' mode at the moment.
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