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All true. Can be seen on the record. The problem we as small investors in CGH (I am seriously under water) is that the only information flow we currently get from them is regulatory. We know that the metal is there due to earlier studies but Dekel seems to change his mind every couple of years, so that would be 4 or 5 different plans, and nothing moves forward very far. Indeed they have wasted the last 3 years and now Dekel wants another 3 years, with him in charge of course. Is he the best person to take the Chaarat deposit forward? My belief is that Dekel has exhausted all his options and is happy to take his stipend whilst waiting for someone to turn up. The latest interview with Proactive shows he has no vision and had nothing new to say or REPORT. The title of the interview is even out of date as the case for Chaarat being a world class deposit was made many many years ago. What Dekel needed to tell us is how is he going to deliver value from here on. We need to be brought up to date with what has happened to the prospective JV partner/buyers he has been talking to for the last 3 or 4 years. Whether they are Chinese, Russian or someone else. Furthermore the CGH board should be outlining their plans for a small scale start up NOW. They have been in place for so long they must have got thes plans already on the shelf. Martin Andersson is obviously not the white night we were hoping for and he could be planning to get hold of Chaarat on the cheap by picking up shares (either himself or via cohorts) as they get diluted when Dekel goes begging for more cash to pay for his next meal. The current share price is only being supported by the rising price of gold since the volumes are still very low. The lame updates and lack of a clear plan outlined in writing and supported by documentary evidence is not inspiring. Has Linda gone to sleep?
On the plus side, we are at last in the right sector and any positive news would propel this north, but that is wishful thinking on my part.
Selling is probably the correct move here. I have little faith in the BoD I worry Dekel's over valuation of the asset means shareholders will never get a chance to get out with 15 - 20p All the time Dekel gets well paid every month. I really hope our biggest holder takes matters into their own hands
Can't say I blame you, still uncertain about this one,I would like to think it has further to go but the silence is deafening.
Price per gram considerably lower by not throwing away a lot of waste rock but finding it economic to still process. Turkish company has won tender to build smelter - so getting on with it. Seem to be aligning ourselves with Russia more rather than China. '3 years is not a long time' - come on Dekel you've already had much more than 3 years. He's soooooooooooo boring. He's certainly never going to let slip any big hint of news on JV/suitors by being upbeat and off-guard. Personally, I've sold some today that I purchased around 5p - 7p as I'm well over-exposed and unless something Big turns up in Russian helicopters, we could be looking at a further scarcity of news flow for this year IMO.
One strange bit is when Dekel discusses the VERY simple way of extracting the Gold using cyanide he says something like "even we can't go wrong on it" ......
Thanks for the update Pablo. Dekel at his animated best - strange time for him to do another interview maybe sending a message to would be suitors (if any exist) Not long now until further funding is needed
Dekel has recorded another interview with Proactive : http://www.proactiveinvestors.co.uk/companies/stocktube/5236/chaarat-gold-ceo-make-this-a-world-class-deposit-5236.html Some good news talked about in that the Govt wants a smelter built close to the deposit and work planning and permitting this has begun. Speaks of a low cost start-up to production and how it will be a very simple mining process to start with before tackling the main refractory ore. Timescales to first gold pour are a way off though and financing still not sorted. All the talk is about getting the thing started by ourselves but surely alongside this strategy we are still all ears to offers. OLI - the Pog @ around $1356 an oz is obviously going up further in £'s, so, yes, the project has potentially even stronger economics. Will watch interview again but not a lot in it of substance IMO
Makes this cheaper and cheaper. It held onto the gains of yesterday so hopefully further buying will push us towards the dizzy heights of 10p.
Daisan - turn the charts the other way up - lol
I don't see anything particularly special about GGP. MTR investment with PJ on the board has brought a lot of 'profile'. Supposedly they are going to introduce an asset (not sure why this will be positive for existing shareholders) and a drilling campaign for a nickel asset is on the cards. But, then again, it has been for a long time. Their other assets have been drilled without success. Pretty similar to a lot of other AIM miners and, you never know, the nickel drilling may turn up something (I believe the surveys were positive but I have yet to find an AIM miner where this is not the case). Certainly a hyped company but to me the current assets look poor.
Guys a friend a mine is recommending me to buy stock: Greatland Gold @ 0.31. Any thoughts?
Friend has tipped some great stocks before on AIM - he's normally focused on exploration oil / gas - that said he's picked some pups as well. What interested me more was that someone other than us on this forum had heard of Chaarat Gold. Whether this turns into one of his better picks only time will tell. It would be nice to get back to 10p again.
Our sp is definitely on the move these days. OLI - what credentials has this 'friend' tipping CGH - where's his info from? Daisan - Zak Mir - you're right there, perhaps if a chart looks bad he often just turns it over - or stands on his head. Banksie - any more "Private Russian helicopters seen visiting mine site" with "Martin Andersson ex advisor to Russian Government on privatisations" on board ? Sorry if taking the mick but seriously who exactly has seen these helicopters?
Some came to the party to early.
I was given a share tip today by a normally well informed friend. He said it has huge potential which current management cannot exploit and is likely to be taken out due to its small market cap vs potential....the name.. yep Chaarat. I told him he's 6 years late to the party. Least "interest" appears to be brewing. Anyone going to the AGM?
I think Zak Mir comes across as a really nice guy. However, if you look at his technical analysis, have you noticed that he projects all of the share prices to rise? All of them. I have never seen him predict a share price fall. The closest he gets is by qualifying his projection with 'if it stays above.......' Strangely, this does not equate with my experience so clearly I have been looking at the charts of these companies upside down.
Given this is listed in £ (ok pennies) this suddenly got a lot cheaper to take out with foreign capital. The pound is at all time lows again many currencies - surely IF there was / is serious interest then now is the time to strike.
Nice pick up in interest. I hold a lot here - far more than I should - need 15p to get back my investment - I'd be overjoyed to get out of this without losing big. Dekel has had my time, money and patience, enough is enough - I've seen so many shareholders end up with nothing because of the selfish actions of others. I know this too well after the Adrican Minerals debacle.
Looking for around 12p over the next 2 months while we hold above 7p. Interesting non-Brexit theory too - like that one. Listen to the Vox market podcast around 25 mins onward (first Brexit theory, then Chaarat tip) https://www.voxmarkets.co.uk/blogs/513-uk-oil-gas-union-jack-oil-and-zak-on-the-charts/
Fantastic theories with your spies spotting helicopters buzzing the mine in Krygyz ! Interesting "Martin Andersson ex advisor to Russian Government on privatisations and once head of UBS subsidiary, currently controls 25.2% personally through Labro." A little difficult to swallow but hope you're right. About Dekel holding out for more than it's currently worth - that seems likely to me because times have changed through the years and don't think it can sell over 32p a share myself - nor much under - yet Dekel may be living in the past, dreaming higher Can't see Dekel much as the playboy though either, living the high life. A very dour person plodding on more like. Anyway, his character is not going to solve this but there's certainly a bit of interest lately in Charaat,some definitely stirred up by Doc H and Vox Markets, some just the price of gold. The sp did stick at or above 6p for a long time on no news - so could have been 1 or 2 Big Buyers. Don't think any hostile takeover is likely but would be great. Got to get some funding/JV/takeover this year or we'll need more money just to keep the lights on and that would probably have to be dilution next time, and we don't want that.
I'm a great believer in the Chaarat deposit. I am sure it is a worldclass deposit. It has been explore and drilled by experts and has the necessary JORC compliant results to back it up. It has even go a not quite fully signed of Chinese supported DFS, (at cost of two years - that's $1m to Dekel), which I am sure is worth something... if the Chinese are still talking to Chaarat. Unfortunately EVERYTHING it is currently controlled by Dekel. He has been in charge/control of this monster for over 10 years but has completely failed to bring it to production, either small scale or with a partner, despite spending over $100m. In the meantime he has pocketed over $5m and has been living the life of an international jet setter businessman, on expenses! Over the years Chaarat has had some experienced PM mining heavyweights as part of the senior team, including at board level, but they have each left due to Dekel's attitude. He thinks Chaarat is his baby even though he only holds about 5%. However, wheels are turning and money talks, with PM prices rising and the major players looking for bargins the Sleeping Elephant, as Chaarat was once called will rise up. The next few weeks are Dekel's last chance to come up with something or he will be pushed aside. Either way CGH is a must buy with a realistic target of 30p in the short/medium term.
Oh trust me it is! But interesting movement over recent days. Bankside made some good points, I thought he was a bear of this stock?
On the scene now, do hope that's not the kiss of death.
It's going to take 2 yrs to break ties with the EU. Therefore possibly 2 yrs of uncertainty? When this happens in the markets people tend to turn to gold as a safe haven! If this is the case gold should continue to rise, possibly faster than anybody thought. We therefore will be in a good position if Dekel wants to negotiate a deal to sell and demand in the company should naturally rise. He needs to take advantage, but not be too greedy. I do think the 2yrs it's going to take to brexit, will only fit in with his timescale anyway. I do hope I am wrong though!! I really need to be cashing out of this stock quicker rather than longer.....GLA.