Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Just sold a old share in my ISA and thought **** it do or die @ 6.40 when do u think this share will go up if it ever does, it just seems to go on and on know one knows what's going on.
Forgot as a footnote, our chairman, Christopher Palmer-Tomkinson, stuck his hand in his pocket in Dec '14 for shares @ 15p taking him to 6,275,000 Ordinary Shares, representing 2.30% of Chaarat's issued share capital. So, there's a lot of 'sticky' shares with the Directors and Labro. Whether China Non-Ferrous and First State are still sticky remains to be seen.
Thanks for pointing out Linda's update - I hadn't spotted it. I keep copies of the old major shareholders so can easily compare. There aren't many changes since the 23rd June 2015 list but those are : First State Stewart (used to be called First State Investments) down from 7.23% to 5.19% UBS Wealth Mgmt first appears with 3.4% No other changes at all. ------------------------------------------------------------ Can't find any notification of UBS Wealth Mgmt arriving so will ask Linda. I'm thinking of emailing her with regards trying to improve sentiment. IMO they made a big mistake issuing the optimised FS alongside news of apparent spat with China. The latter completely stole the thunder from the former.
Can anyone highlight the big changes in shareholdings? Are UBS new? Who has disappeared? After all that trading during April someone must have gone/come? Thanks.
A good solid investor on the list. Happy with that. When do you think we can expect the first news on production strategy?
I notice the Chaarat website has been updated by Linda. At 22 April 2016 Shares Held % Not in public hands (held by directors) 32,236,889 11.81% Total shares in issue 272,935,389 Labro Investments 25.20% China Nonferrous Int'l Mining Co. Ltd 8.23% First State Stewart 5.19% D Golan (Mada Limited) 5.16% A Novak (Vetan Investments Limited) 3.92% UBS Wealth Management 3.40%
Looks like another 3 significant Buys of 32,273 shares all given the Red signal. Not much news now for a few weeks perhaps and the mm's seem to want 'doom and gloom' to pervade.
Thanks for that info. - one could easily see your trade as a Sell as it appears the spread then was 6.2 - 6.49. Sure you haven't sold by mistake?! It's crazy how trades get disguised. On another share the mm's seem to put a lot of the Buys through a bit covertly on ISDX.
Many of this mornings 'sells are 'buys' I would suggest. Bought 60,000 at 6.2p.
Good work Pablo - thanks for posting this. I finally found a few minutes to re-watch the interview. There are some good positives in there and reassurance that the relationship with NERIN has not broken down, and that there is good interest in the resource. I actually sold just over 40,000 shares last week to put into another mining stock which is working very well for me in the short term as I see quite a wait may be possible here, but I fully intend to buy back in (probably double that amount) when I have funds freed up later this month. So, although the timescales may not be what we were hoping for I have confidence that a deal will eventually be done and who knows, an offer could come in at any point and I certainly want my money involved here when it does. Dekel is certainly not selling out on the cheap from what he said. He does also state that we are 'reasonably well funded' to take it to the next stage, which was good to hear too. Let's hope to hear some news on start-up progress soon.
I asked Linda 2 specific questions : whether we might yet get Chinese DFS sign-off even though we've 'given up' and whether a Chinese company could still invest in Chaarat without sign-off. She emailed the following reply : "As Dekel said we are not pursuing the Chinese regulatory second “layer” sign off. This is beyond the sign off that would be given to a Western style study. I am sure you do not expect me to speculate on whether the Chinese will sign off without further pressure from us. Again as Dekel says after about 6 minutes(in the video), the results of the FS are known in the Chinese market and therefore by extension are known to potential purchasers of the project. We have established a reliable benchmark. Any buyer will apply their own assumptions to this foundation." --------------------------------------------------------------------------------- So, it's not beyond the realms of possibility that the Chinese Authorities might still find a pen. Secondly, more importantly, she intimates that Chinese companies are well aware of Chaarat and she doesn't see any Govt. red tape standing in anyone's way. That's the way I interpret her reply anyway. To me Dekel and her had their fill of waiting for this sign-off and weren't prepared to keep flying over there for more and more consultations with non-mining authorities. God knows what was the hold-up - brown envelopes? Quite possibly the Chinese Authorities just being a total pain and working at a snail's pace, or feeling that some chosen Chinese company would benefit from all this procrastination. Anyway, we are where we are. We have a greatly optimised project that is not going to go ahead without funding and in the short-term (18 months?) we will develop our own mini start-up after an unnamed engineering company finalises a plan. Going to need funds just for that IMO so expect some dilution for that. It's all a bit gloomy which is a shame after such a great optimisation. Timecales ? What funds needed? Ground breaking JV/Offer ?
For me the recent holdings RNS issued does NOT account for the volumes traded in the last few weeks. For me a significant amount of stock has exchanged hands - I am keen to know if someone(s) has acquired a position in Chaarat which has not yet been disclosed - i.e. over the 3% threshold. tick tock as always. Dekel's interview was same old sounds good BUT its time to deliver something concrete to shareholders.
Still goo volume being traded.... who is selling??????
Having replayed the interview a few times, can't complain about Dekel's explanations and honesty. The main thing about the lack of rubber stamp from the Chinese authorities (well above Nerin) to my mind is : can a Chinese company still invest? Would such an investment, which is certainly where we were looking, now get blocked? I have asked Linda on this point but seems to me Dekel is not very forthcoming about this mainly I suppose through the need to keep any interest confidential. ------------------- Banksie - you make a lot of valid points but don't think anyone like Labro is listening nor with only 29% can they just make things happen.
at a time of changing sentiment to the sector, ever-increasing debt levels globally, far-east buying, this is one to hold and add to regularly/occasionally, imo. The asset is so good.
The dramatic increase in the POG must surely have an impact on CGH? It shold increase the value of the asset overnight? If we are goingt oget the long overdue surge in POG, all the BOD of CGH need to do is hold on. The asset will keep going up and SOMEONE will want it...
I only have a small position here but if it was substantial I would probably do the same, but prepared to gamble with my pittance.
I'm concerned the company has just gone back about 3 years and another 3 year wait on a deal or JV is unacceptable for me so I am out next week.
This guy is a joke. Who is this "we" he talks about. The board consists of low level management types who have NEVER put a mine into production. Having wasted 3 years and a load of money he hints they are going forward with a plan they abandoned three years ago. The had the equipment to start small scale production but they have sold it to finance this "unfinished" feasibility study. What money have they got left? If he is so confident about the latest plan why doesn't he put something down on paper. The only skin he has in the game is his salary and expenses as he flies back and forth to Isreal. The shares that the three main bod's have they acquired at the company floatation and the extra they received, about 4 years ago, when the took into CGH three other mineral deposits which last year they revalued at zero. They don't seem to have any would be buyers otherwise he would have mentioned them. Time for Martin Andersson to act... Remove Dekel (CEO and the only board member we know for sure has sold shares) and Palmer Tomkinson (Ancient Chairman - who has probably already sold his shares but by a hidden trust). We should keep Alex (local in country fixer) and Linda (financial stability is important and she probably knows more about mining than Dekel does). The other board guy, Richard Something, brought in look after shareholder interests and approve Dekels remuneration is another deadbeat who no one has seen or heard of and is probably a mate of Dekel and Palmer-Tomkinson. Make these changes with a reputable and experienced mining CEO and serious Institutional Investors and PM companies would have someone who they can deal with.
Glad someone else has seen it. Been taking notes and near the end he says we've instructed an Eng co to devise the starter project with Min Capex, a quick route to production and don't hinder the main project's future development. No timescales yet and do we need funding - I reckon we will. He's obviously got so much skin in this baby that he isn't going to sell it on the cheap which surely is very reassuring. It'll take time, as you say, but the truth is out there - I mean the Benchmark has been achieved for all would-be suitors in the industry to see. We are back to waiting with not long I'd say to get the new plan worked out and then funding for small-scale production in .....2017?? Meanwhile, looks like the sp will be stuck at these levels (or lower??) but then again one day someone might just come knocking on our door. When that happens I intend to be still in this stock. Barring Krygyz political problems, inability to get funding(market improving now and Pog up), or bankruptcy, there's nothing to stop us - lol.
Another steady interview with nothing to get excited about imminently. Confident that the end game is still on.....just perhaps not this year.
Linda emailed that she hoped it answered all my questions - it answers a lot. Pity Dekel is sooooo laid back, he is just not tremendously inspiring. We don't seem to be ruling anything out for the future and Dekel stressing he's a shareholder really gives strength to us not selling out low.
'We're not going to sell it for the wrong price' Dekel gives his usual deadpan interview but keen to stress no problems with NERIN, just the Chinese regulatory bodies were taking forever so decided to go without the rubber stamp. Seems to want to plod on towards mini-production (wasn't that the idea 2 years ago?) with a view to "take-over by a mid-sized producer" before or more likely after we reach producer status.
http://www.stocktube.com/video/charaat-gold-focused-on-pathway-to-production
I am very bullish POG too. Do you have exposure elsewhere to tap into this hopeful bull run? I don't like just buying gold. What about the big majors? Or other minnows? Ur thoughts would be very welcome!