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Chaarat Gold Share Chat (CGH)



Share Price: 13.50Bid: 13.00Ask: 14.00Change: 0.00 (0.00%)No Movement on Chaarat Gold
Spread: 1.00Spread as %: 7.69%Open: 14.00High: 14.00Low: 13.50Yesterday’s Close: 13.50


Share Discussion for Chaarat Gold (CGH)


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pablo2
Posts: 5,643
Off Topic
Opinion:No Opinion
Price:10.50
Riddler
26 Jul '13
Cheers, would like to converse on WSG sometimes but It's soooo busy (mainly waffle, but they enjoy it!).

Missed the drop on APC yesterday but see it's still dithering a bit today - suppose it's because of the purchase and shares issued to cover. GL
 
riddler
Posts: 66,006
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:10.50
pblo
26 Jul '13
fantastic, honest, factual post
pablo2
Posts: 5,643
Off Topic
Opinion:No Opinion
Price:10.50
Dibs
26 Jul '13
I've been neglecting my duties as sole keeper of this board this week. Welcome on board and now you are the official joint owner of this board - lol.

I've had the red carpet out for the Chinese now for quite a few months and they are a bit slow putting their feet forward, but surely think they will.

There aren't too many worries with this share, just a couple of biggies - Krygyz government and funding.

The government are very unpredictable and are in current negotiations with Centerra re. Kumtor mine - October I think they are meant to conclude a new deal to appease the rampant locals.

Funding - that was, to me, the main reason we didn't go for early small-time production this year. If things had gone wrong and we weren't selling gold straight away, we could have been caught short. The DFS is meant to pave the way for easier funding probably through a JV (or buyout). This Mac DeGuire, recently appointed, is meant to be the business on this, so IMO can't see funding too big a problem if market sentiment on miners doesn't get any worse than it has over the last few years.

We've certainly got a great resource which is commercial to dig up. The directors are in with miles higher averages than today and would want absolute minimum of 32p in a sellout, more like 50p for most of them to break even.

Bit of selling lately by Blackrock but can't see why and it's not huge and it's sporadic.

Glad to have you on board.
Dibs61
Posts: 6,306
Premium Chat Member
Answer
Opinion:No Opinion
Price:10.50
RE: Dibs
26 Jul '13
You're kidding me right? Not that great value? What do you want, blood?

Had a quick look at CNR and, according to my research its NAV (@ 31.12.2012) is 7.78p which would make valuation more than 10 x book value! Hardly cheap if I'm correct. So where did your figures come from? Also, what are these other goldies at a sixth of their NAV?
Dibs61
Posts: 6,306
Premium Chat Member
Answer
Opinion:Buy
Price:10.50
View Thread (2)
RE: well
26 Jul '13
Yep me too. Reckoned I should make my move so bought in on Monday. Patience will be required but I don't want to miss out on the Chinese announcement which could come at any time - could be next week could be after the DFS next year? But I can wait. I have a 1-2 year minimum timeline here. Don't feel there is much if any downside left from the 9p level.
riddler
Posts: 66,006
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:10.00
View Thread (2)
well
26 Jul '13
things may finally be picking up, been watching CGH for 6mths
Dibs61
Posts: 6,306
Premium Chat Member
Observation
Opinion:Buy
Price:9.50
Two early buys ....
26 Jul '13
And a tick up! Watch out the Chinese are coming...

DYOR
legobrickgirl
Posts: 3,587
Off Topic
Opinion:No Opinion
Price:9.28
View Thread (2)
RE: oh btw..
23 Jul '13
shssssshhhhhhh......
Dibs61
Posts: 6,306
Premium Chat Member
Observation
Opinion:Buy
Price:9.28
View Thread (2)
oh btw..
23 Jul '13
Not in the slightest bothered that its quiet here, that the boards dead.... It's how I normally make my biggest gains so this is how I like it until I have built a position I'm entirely happy with. Sssshhh
Dibs61
Posts: 6,306
Premium Chat Member
Answer
Opinion:Buy
Price:9.28
View Thread (2)
RE: Dibs61
23 Jul '13
Charaat is an excellent buy at this level. Just look at the fundamentals. SP is less than HALF of the book value (NAV per share 19p). ZERO debt. Cash rich as well. The Company is financed to cover the costs of the drilling campaign, the DFS and overheads, as well as an active community engagement programme, for two years!

Sitting on anything up to 10m ozs of gold. Top Chinese gold mining companies are sniffing and will not be going away empty handed.....

People will be beating themselves to a pulp in a few months time for not taking these opportunities lol. It doesn't get any better.



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