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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.
If you look back at one of the more recent video interview's with dekel he mentions a specific ii who was forced to sell up (he claims due to market cap of CGH no longer fitting their profile) and that until this ii had unloaded their holding the price would continue to be under pressure. he said there was no reason why the share price would not bounce back up when the ii had cleared out. but this was more than a year ago now i think... check on cgh website. do you know anything more?
Tractorhead You mentioned the seller that Dekel was talking about. What are you referring to?
Nothing untoward in my book. Plenty of stocks have patterns of Sells coming in much stronger and longer than ours. Take this week : Mon at 8 am about 200k bought on the Bell; Fri about 110k sold on the Bell - not big trading but a pattern of 10k trades. IMO it doesn't matter much and no-one is really drip-feeding into our market hence no 'Holdings RNS' since Dec 2014 except when Fasanara changed their name to Labro in May 2015. So, no ii crossing any thresholds. I'm happy nothing is untoward. I've emailed this afternoon my best wishes to Linda and asked how things are going and mentioned the Chinese New Year too, if that will affect us. If, 91244344, what a terrible moniker, is correct we will get a DFS and a JV simultaneously - that will be worth waiting for.
Quite a decent volume (as opposed to some days when there is ZERO) and still the price does not move at all. All I can think is that the ii seller that Dekel was talking about is still selling. Until they are cleared out this is going nowhere. They are just dribbling and dribbling shares onto the market. When will they be finished?
My thoughts exactly!!!!
I cannot for the life of figure out why anyone would sell a small amount of shares at this low price and receive tiny proceeds. Why did they buy int he first place? For such a small amount of proceeds, why not just hold on just in case... Everyone knows we are waiting to hear how the company will progress to the next stage and for details of the DFS. Beats me.....
I would think that given CGH's close connection with China, today's sp fall can probably be attributed to markets feeling spooked by today's news. As far as I am concerned, any drops to around 6p will be seen as buying opportunities. Any rally in the gold price will be good for Chaarat in terms of ongoing negotiations and I am more interested in a potential jv than day to day sp fluctuations.
Gold stocks presently are on a downward spiral as per market consensus. Hopefully it won't be long before they take off. The market is waiting for an update on the DFS. As soon as hear the news it will increase share price. No news is good news!!
Well down 7.26% today when gold is up, is the wrong direction for me. Just thought that the SharePrice would have been a bit stronger on the back of the gold rise,
Wrong direction? Please explain?
Chaarat but gold is up $20 in the last couple of days, wrong direction.
surely we will have an update before the Chinese New Year - which I think is early February this year. I wonder if our biggest shareholder is supportive of the boards strategy or will they eventually want to sell out to a third party to cash in their chips.