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You would think so. You get the feeling that Chaarat will be quite binary - permanently low until they surprise us with a deal and it rockets higher. There is no doubting that the asset is worth a great deal but you certainly doubt whether the incumbent management are capable of realising that asset. I have a reasonable amount of hope that the future gold bull market will be so powerful that this will overcome the obvious lack of management capability.
In the theory the NAV of Chaart should be going up too. But share price on the floor. When is Dekel speaking?
I'm surprised the price has held up as well as it has considering the selling, yep sentiment is low and I can't see anything on the horizon to alter it.
That explains the volume! Avg price of 7p was very impressive. Given your low entry price I am surprised you decide to pull out. This must surely be about as low as it can go. And potential increase IF anything finally gets off the ground has got to result in price being many multiples of 7p?? Anyway, good luck to you and hope you find a good alternative for your cash!
That explains the volume! Avg price of 7p was very impressive. Given your low entry price I am surprised you decide to pull out. This must surely be about as low as it can go. And potential increase IF anything finally gets off the ground has got to result in price being many multiples of 7p?? Anyway, good luck to you and hope you find a good alternative for your cash!
Sold my holding today after nearly 7 years of swimming through treacle with CGH. My first buy was at 49p but I managed to average down to just over 7, so exiting with not too much damage. Ultimately I lost patience with Dekel and the company and invested because of the potential for a buyer, but that looks increasingly unlikely now and I'm too old to wait for this company to develop a mine and make a profit! Good luck to all holders, especially the long termers who have the patience of many saints....
is what this share is
Someone still selling out? When will this end. Dekel tomorrow. More waffle? PAIN...
Yes agreed. They put all their eggs in the Chinese basket. They were literally telling investors 'come and buy the shares because the Chinese will be all over this' and we all know how much the Chinese love Gold. That said, if you look at the SP over the past year, the market didn't buy the story even if we did. In the meantime I sincerely hope it works out for you and other LTH's and I'll be back in if more promising developments take place.
It's crazy, hopefully we'll find out what Dekel is prepared to divulge on Friday. Reckon they must have fallen out, big time. The Chinese govt was the client for this DFS they said a few months ago. They were the ones who had to sign off they were satisfied but for some reason they wouldn't. Perhaps it was costing us money to keep discussing it, working on it and we felt we weren't going to ever get an agreement. It really leads us to believe we are not going to sell this mine or jv it to a Chinese company. Surely they'd want/need Chinese regulatory approval. So how come all the liquidity last week starting just before the bombshell RNS? Need somehow to rebuild sentiment and support here or people are going to think the worst.
Coming up with your own DFS valuation and not having it independently verified is like me trying to sell my house to you (after paying a fortune to an estate agent to value it) and then ignoring the estate agents advice and telling you what I think the valuation is. Would you buy it?
Just listened again to Dekel's last interview with Stocktube on Feb 2nd. He is so laid back it's a wonder he gets up in the morning - lol. Hopefully he'll be really awake on Friday and he can talk us through some possibilities and perhaps shed some light on what has happened with our Chinese connections. It really is bizarre that after so long a wait and so much money going into the DFS that they have just said let's not bother getting it signed off. Friday - some answers please.
Very nice to see. Looking forward to the interview with Dekel on Friday.
"According to an update released by analysts at Numis the broker has now set a ‘Buy’ rating on shares of Chaarat Gold Holdings Ltd (LON:CGH) with a price target of 30. Numis on Monday retained Chaarat Gold Holdings Ltd’s analyst rating as ‘Buy’ with its price target of 30 highlighting a potential increase of 380% from Chaarat Gold Holdings Ltd’s current price of 6.25." http://www.risersandfallers.com/2016/04/25/shares-of-chaarat-gold-holdings-ltd-loncgh-rated-as-buy-by-analysts-at-numis/ ---------------------------------------------------------- That's up from 24p to 30p !
to be a buy even if it may be a while before take-off.
Someone must have just been hovering over the button (not sure which one) when you posted - massive 300k just traded and previously you missed 125k on ISDX. Oh well, it was a big day last week and I found it very tiring personally trying to work out what the heck was going on. Now.....we wait....again. Hopefully Friday might fill in a lot of blanks.
From 14,000,000 last week to 0 today. Roller coaster... What will hear on Friday? More bla bla bla? Something concrete? Can't wait!
Good find and thank you for posting Linda's replies. Before making any investment decisions I will wait to see who has purchased First States shares and I will wait for Dekels interview to be uploaded a week Friday. The holdings RNS issued yesterday said First State had sold around 5m shares.... this accounts for some of the increased trading activity in the last week however I think they have already disposed of the majority of the 14m shares they had left. I look forward to seeing who the buyer of this holding was - it would be great it it were the Chinese topping up before striking a deal with our biggest holder to take this over (wishful thinking).
Just 2 things : Firstly, forgot to mention I congratulated Linda and Dekel on the optimised FS and she replied "Your congratulations are much appreciated." - which sounded as if she was very proud of their work, justifiably in my book. If one looks at it this way - the Chinese have basically tried to screw us, we've now modified their work to a fantastic, advertisable project again. Secondly, an article mentioning the 'giant' of Chaarat awaiting development (search for Chaarat) : http://www.timesca.com/index.php/news/26-opinion-head/16577-gold-mining-in-kyrgyzstan-too-many-licenses-little-performance
I agree about your view on the article. I believe it was the same analyst (def the same firm) who wrote some very critical and personal stuff about AAU and their management a while back - and recommended a sell. AAU SP has since gone up more than 50%!
Thanks for article but fairly poor and irrelevant reporting involved IMO. The 2 other companies we're compared with OXUS - they were in neighbouring Uzbekistan not the Krygyz and AURUM, who did in fact withdraw after big problems from the Krygyz about 5 years ago. I think the 'wild-west' of the Krygyz has improved since then with the idea of encouraging overseas investment.
I did raise these issues with Linda, so hopefully Dekel should address them : "Myself and the market seem unsure whether we have the whole picture. A lot of speculation is rife about why we are not going for full Chinese DFS sign-off and the general feeling is we've fallen out of bed with the Chinese. This has led to the assumption China Non-Ferrous are now in the process of selling their 8 % stake in Chaarat. It really does seem that the market has been left with more questions than answers and I am wondering if Dekel is thinking of doing any interviews to perhaps provide more clarity. The company who has done extensive DD on our project - are they Chinese, are they still interested? Our results are not out until June but speculation is also rife that we will soon be out of money." --------------------------------------------------------- Really look forward to Dekel putting a bit more clarity to our on-going situation next Friday. Obviously we now know First State Investments are the current Sellers. Their motives, and indeed main investors, aren't known. See our volume is down to usual levels today (as no-one knows where this is going again) with about 260k totalling both exchanges.
Have sold 5.56m shares. Anyway, more importantly, a reply from Linda : Dekel will be filming a Stocktube interview next Friday when he is in London. I note the issues about which you (and others) have raised comments and we will try to ensure that these are addressed. ------------------------------- Will elaborate on 'issues' I raised etc later.
Hmmmm. The plot thickens. FSS are not likely to know any more than the Chinese so what has triggered the sale? Lack of progress? Also, someone significant must be buying. You can't drop around 6m shares (over 2% of the company) without major SP movement and we are about where we have been for the last couple of months. All in all I see this as a positive development.
First State Stewart were holding 7.23% --- they have sold around 7m shares according to this RNS leaving them with just over a 5% holding. I think they have reduced this further in the last few days and a further holdings RNS will follow showing they have dropped below 3% holding.