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Unfortunately this looks like another AIM stock where it makes the BOD earn a few Bob and unfortunate PI's nothing. DFS is becoming a joke now. The time its taken we could have all panned for gold out there. Last excuse was translation issues, what next?
Freudian slip "stragic update' - looks like tragic ! Be very pleased if you could share any reply from the company. Elsewhere, glad to see some haven't lost faith and see further opportunity at these prices. I feel certain that all will turn out well here and the sp has been simply manipulated down by a combination of mm's wanting to drum up trade (and their only way has been to drop the price); perhaps Blackrock still selling their remainder (which surely can't be a big holding any longer); our major ii Labro having it's hands tied. Price of Gold improving to $1100 an oz
They will def run out of cash in this half year so a fundraise will be needed. I wonder how much overbudget the DFS is now? I doubt even a good DFS will have much short term positive effect on the SP until funding is sorted. A gold price rally might help a little. I continue to watch though.
Just added a few more at this silly price. Will continue to top up at or around this level. GLA
I have just emailed the company requesting a stragic update for shareholders. If there is NO update then WHY? What is happening why no DFS and what's the plan to salvage some value for holders. I have seen many AIM companies with "world class assets" leave shareholders with nothing. we should be seriously considering selling the project as we cannot finance this alone and given the current SP we will not raise the funds needed. I fear talk of £1 per share, 50p, 30p, 20p is unrealistic and we will never realise this kind of value. We will be lucky to get out of this at the last placing price of 15p per share. Surely and update is due soon . Beyond a joke guys. Would buy more BUT I've lost my faith here.
How much more can this drift. If / when positive news eventually comes any rise in the SP will take us back to 10p if we are lucky. The BoD needs to steady the ship before we dip any lower.... as things stand I am concerned that we are unable to deliver a DFS and all our eggs are in a fragile Chinese basket. We must be out of cash shortly and we have sold most of our assets. Worrying times .....
Many of my buys have also shown as sells here. Added 50k of shares last week at 6p. Wish I had waited.
Anyone any ideas why we have an all time low? Also has the layout of this site changed or can't I find how I used to use it?
Some big trades on CGH today. I topped up another 30,000 shares at 16:26pm. Showing as a sell??? Well cheap at these prices. Just hope that DFS doesn't linger.
420,000 shares sold and we are up 2%. Strange moccasins.....Welcome Dach. Hope you have timed your purchase to perfection..
Welcome to CGH and to LSE. It's a good place to share views on your favourites. Bit less busy than it used to be as quite a few have flown to Twitter but I think the way that is so unstructured may bring people back one day. Bit lrss busy on here as it's been a waiting game for so long but as you say 'any day now'.
Finding this chat has settled my doubts anyway with a few of the same opinion as me. Hearing there's talk from Linda is reassuring anyway and sounds like it is just a bureaucratic mess with all the paperwork, hopefully the DFS will do its thing, whenever it appears.. Recently bought about 60k at around 5.6 as I think it's a bargain at current price but haven't gone too deep in case it's a flop.. I'm really hoping I'll be sorry I didn't buy more in a few months!! Can't understand small volumes dribbling to market for half nothing, why not hold out after this long?
It is mind-blowingly tedious I know but we have had the minor update in the Sep Interims and Linda has replied to me twice since then indicating zero problems just regulatory sign-off delays. I'm certainly not going to wait all these years to give up now. The Bod haven't bought any shares(or sold any) for ages here but perhaps their hands are tied with surely all the news on their table if not ours. Labro are prevented from buying unless they wish to purchase the whole shebang, so that leaves us the PI's. Perhaps no other ii is interested other than linked to our Chinese companies and perhaps no-one wishes to show their hands by purchasing a few percent (i.e. over 3%), or perhaps no-one wants us :( Dekel did say on September 28: "With the continued interest of potential joint venture partners and outright purchasers, pending the delivery of the DFS, these are indeed exciting times for one of the largest and best undeveloped deposits in the world." ------------------------------------------ Excitement mounting - lol. Surely at these all-time lows, the shares are extremely attractive - if anyone could be bothered. It'll all come out in the wash and it's just coming to the end of the 'spin cycle' !
Definitive Feasibility Study When your Board last reported on progress with the DFS, we drew your attention to the challenges of the cultural differences and different technical approaches inherent in our decision to use a Chinese engineering company. In fact our attempts to reconcile and co-ordinate Western study practices with Chinese technical approaches as well as interface the work with local Kyrgyz standards has proved even more challenging and time consuming than we anticipated. There have been two principal challenges. The first was the large volume of technical Chinese to Russian translation for review by local Kyrgyz institutes. The review process, in order to ensure compliance of the project design with local regulations, is now underway following completion of the translations. The second is the formal and thorough review process which NFC (who have overall responsibility for the DFS) and NERIN (the design institute affiliated to NFC who are carrying out the work on the DFS) have to complete to comply with Chinese regulatory standards before they can "sign off" the DFS. Review meetings will take place in China over the next few weeks between the senior management of Chaarat and NERIN and NFC to address the second challenge. The Board anticipates issuing a further update to the market on timing to completion of the DFS at the conclusion of these meetings. 5 months later and NOTHING ......
Good to see more chat on here and some hints of good news. Just topped up my holding in hopeful anticipation.
Refreshing to see increasing posts on this board- always a good sign. I've read a few analysts reports on POG for 2016 and the consensus is a significant rise from here. All taken with a pinch of salt of course but negotiating a jv or takeover in a rising market would strengthen our hand. Hard to call what Dekel's preferred option is as he seems to drop hints about interested parties and then simultaneously talks about CGH as a miner of the good stuff. I strongly feel the board will have their own base=line price for Chaarat and if Dekel is closing in on retirement, he will want the best nest egg possible. I think the absolute minimum price will be 30p per share and one of our strengths is the relatively low number of shares in issue. Looking to double my holding here now ahead of news as I feel the number of opportunities to bang in T20s from here will be limited. GLA
Dekel will be 60 this year - one hopes he can publish the DFS prior to any retirement....
Fasanara did rights issue last year at 15p so they will not be wanting to sell out at anywhere near that price. More like 50p IMO. I think I would prefer JV - milk the mine and takes the profits over next 10 years... hopefully in rising gold price period. But is Dekel is heading towards retirement age (?) and may want cash now!
From memory Labro ex.Wilshire Fasanara must have an average share price of over 12p so they won't want to be selling outright for anything below 15p - 20p. Their attitude - they surely are linked up with our mgmt now with such a large holding of over 25% and have known where our future lies for a long time IMO. We all seem to think JV but there are 2 other alternatives - raise the finance to start the project on our own (no-one wants this), or takeover - Dekel's and everyone's favourite if given a choice.
nice to see a bit of chat on here - much welcome. WE are long over due a comprehensive update on what's happening and how we aim to generate maximum value for shareholders. I would love to know what the Chinese value the "Chaarat Project" at - are we on the same page or completely different books when it comes to a valuation. We seem to be committed now to finding a Chinese buyer / JV partner given the way the DFS will be done - the only problem is that Chinese firms do not normally compete against each other so I imagine we will get 1 proposal and one alone. surely news this month.... ok this Quarter... I wonder what our biggest shareholder's position is....
It seems there's a bit of trading games being played here quite regularly - with from my letter with Linda, no quick end in sight for the DFS. Someone slamming through all those 20k trades today in about 5 minutes for a grand total of about £10k can manipulate the sp down sufficiently to buy back at a small profit. Maybe not, mm's no fools, soon get the Ask back up if anyone Buys anything.
It's not clear exactly what the delay is with the Chinese authorities but not unusual. I am thinking on a basic level the DFS done to Chinese standards requires some regulatory sign-off even if not in China - that is what Linda is inferring. Perhaps, though, this is not just bureaucracy but negotiations on a JV or even takeover. However, It seems a big leap to say 'the Chinese wanting their own way on this. Thus Chaarat board have not given in the negotiations."
Thank you for feedback Pablo. I still think it will be a joint venture with the Chinese. The regulatory approval is taking longer from the Chinese echoes my initial view as per info from my source last week that the delay is as a result the Chinese wanting their own way on this. Thus Chaarat board have not given in the negotiations. City will get an update soon. Hopefully share price will be on a upward spiral.
Got a pleasant and re-assuring email reply from her today : "I can reassure you that the process of obtaining approvals in relation to compliance of the DFS with Chinese regulatory standards continues. The costs of the DFS as prepared by NFC and NERIN (as we originally announced) are contained within our original budget. As soon as it is appropriate to do so we will release an update to the market. All I can say is that we are working hard to progress matters for the benefit of all shareholders and thank you once again for your patience. Kind regards Linda Naylor Finance Director Chaarat Gold Holdings Limited" ---------------------------------------------------- So, the Chinese are taking forever but it sounds like it's the regulatory approval NOT the actual completing of the document. So, any day in the next year - lol. Hold on chaps, it's coming.
You're right Dekel did say that and I can only think he was referring to Blackrock who went below 5% on June 25th 2013 and won't report again their holding as they don't have to. According to Linda's audits, Blackrock dropped off her Significant Shareholders sometime in early 2015 when she posted the figures in June 2015. Whether they have 'finished' I don't know, perhaps not, but have certainly reduced from their 12m odd in June 2013. Perhaps they are still an irritation.