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I do not think this has been posted yet.
https://www.youtube.com/watch?time_continue=3&v=RIwQgLkwG5A&feature=emb_logo
Chaarat Gold Holdings Limited (LON:CGH) CEO Artem Volynets talks to Proactive London about the latest set of interim results for the six months ended 30 June 2020.
GLA.
I think this company is still under the radar (10MOz Gold and more expected) 3 projects at different stages and positive EBITA at Kapan.
A lot to like at this Mcap. All our Kapan metals have been doing well in the months after this report is based on.
I think our CEO Artem has been doing an excellent job with PR for this hugely under rated company.
GLA DYOR
Sharegar.
...for this share now as TW has tipped it on his "HitsOwnWickets" site.
Another dip below 36p with gold at $1900+
One to watch next week
Gold price as gone over $2000/oz. Just need Covid to pass so we can get some out the ground.
Fear of missing the boat is starting to take over with most gold miners now - same here soon.
as title. Makes you laugh, Who the hell is gonna buy on that spread? MM taking the pi55 again.
I agree Sparkyboy. The gold price is off the charts. I suppose Covid is hampering matters and news feed? It's strange though, we drift up to 40p, then back to 33p and then back up again? Common Chaarat, let's have some positive news and get this over 50p!
This share really needs some news to catch up with the rest of the producers $2000 soon we got to move up
I know Dog what you mean its so bad i forgot i had some LOL but with gold at such a high any news soon should see us shoot up, it just seems to go on for ever
Pablo2 how r u
did you ever get involved with any covid-19 shares i had a good result on SNG .
CGH must go up soon
Scoutt wrote "Seems someone likes huge risks, I’m starting to like them too".
Bet they're not quite so keen now!! PoG flying yet here we sit.
Are we a gold miner or not?
CGH. Best kept secret in the gold mining industry!!!!!
DT
you got to laugh they sell £500 and down we go, i am going to buy £500 later with the gold price over $1800 it should go through the roof lol
Not much volume though so Labro have barely started. And yet we are just nudging into multi year highs.
It's the same old story, Labro starts buying share price rises, Labro stops buying share price drifts back down.
Seems someone likes huge risks, I’m starting to like them too.
And here we are a month later and the SP is the same. Gold at record highs yet here we sit.
The share is doing well this month so far,
So what's the answer close the whole site and ban mining for ever
Buying of Lydian or its Amulsar mine has the potential to drive Chaarat's minority shareholders (who by default have no any decisive vote in decision making) and lenders of such a deal into a chain of criminal investigations and SP huge fluctuations. The facts regarding such a "takeover" speak for themselves:
1. Chaarat (CHG), according to some reports, intends to buy Lydian (LYDIF) and/or its assets at a significant discount, because as a result of inactions of Government of Armenia, Lydian has not been able to proceed with construction completion and commencement of operations due to illegal blockades of its mine, which followed the change of the Government referred there as "velvet revolution".
2. Same reports state that Chaarat will get exclusive guarantees to operate, so far not available for Lydian.
3. The MC of Lydian was around 350m USD in January 2018, before the illegal blockades started (gold at 1300$/ounce), currently it's near 7m USD at gold price of 1750$/ounce.
4. Lydian, according to its statements published by Monitor Alvarez&Marsal, has suffered more than 130m USD losses due to illegal blockades - an amount roughly equal to what is needed to finish the construction of the mine and to enter full operational cycle.
5. The illegal blockades of the Lydian's mine by environmental activists and various protesters continue already two years and the Armenian government is clearly acting against Lydian - by not enforcing the rule of law and by not following the court orders to unblock the mine.
6. Public reports indicate that no other mine in Armenia (including those that contaminate the environment according to official reports) has been stopped from operating during the last two years and various protests happening there have been calmed by decisive police force.
7. Various high ranking state officials have publicly stated that there is no evidence whatsoever that forbids Lydian from operating, and all of its licenses necessary to construct and operate the mine are valid. Prime minister, Vice PM have insisted publicly numerous times that the illegal blockades are being paid by rival companies and are aimed at damaging financial standing of Lydian.
8. The GOA has initiated numerous investigations against Lydian and those are simply extending the current status quo, while serving as another pretext not to allow Lydian to attract money to maintain its ongoing operations alive, driving it into the verge of bankruptcy or alternatively a sale arrangement.
9. Chaarat's Gordon Wylie who serves as Sr. Independent Director and Deputy Chairman since November 2007 - a person who has served also as Lydian's Chairman since its inception and until November 2018 has been discussing the Amulsar issue with the GOA during the blockades, while serving in his both positions at the same time.
10. Gordon Wyile has extensive ties with the President of Armenia - Armen Sarkissian, who has also been in Lydian's board in the past.
11. Blockades wi
AGM tomorrow and the chart looks better we just need to pass 31.
More and more people are starting to see the value of this company. if you analyses the Buy and Sell, it's obvious.
Thank you Pablo2 for the update, I hope they won't raise more capital anytime soon, they just did it.
I m following the board on Advfn, but I'm not posting because the website is not user friendly IMO
Sorry there isn’t much posting on here, it’s mostly on Advfn for Chaarat.
Think every chance this will soon be back to 37p - 38p or so.
The Chairman can buy another 3m on his granted waiver(as he has too high a percentage of the company already).
There is talk we may be soon to take over another Armenian mine, Amulsar. Don’t that or anything else will lead to more dilution as company committed to debt funding.
Strong future here in the next two years
There is no saler at the moment but volume still too low to confirm