Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Quiet but real big news lined up for early Q1 with financing deal
Closing the week nera the highs we may even see it tick up a tad more. Gold spot price is flying
Any sniff of something positive and it flies
This is a serious company with a global resource inventory of 6,400,000 ounces of gold, located across two adjacent assets in the Kyrgyz Republic. Its massive
"A pre-financing discounted cash flow model was developed as part of the BFS in 2021, which assumed a conservative gold price of US$1,450/oz, and delivered compelling economics including an IRR of 25%, a NPV5 of approximately US$81.5 million and an expected payback period of just over five years"
Now Gold price is $2000 that vastly improves the profitability, IRR and payback
Stormer
CEO Davids recent interview was very telling
Think we may see brakes come off and 7-8p before Christmas for starters
Completely agree the financing deal is worth multiples of current Mcap
They have some serious assets. Watch out for some big buy prints as it ticked up on not much
Strong Buy CGH
Why?
5% dilution on this tiny raise
45% of raise was Chairmans Working Capital Facility being converted to shares, so debt of $5m reduced to $4.1m that he provided very recently
Sticky hands
Tight Float
NEWS of a deal at 15-20p range for $150m takes this to 13p on OPEN
Thats a potential GAP UP and run!
Absolute joke why we are here.
Brokers stock and flippers pretty much will be gone soon enough.
6p or 16p
Ill go for 16p
Superb write up
"Chaarat is contemplating a 95,000 oz per annum operation at Tulkubash, with an initial mine life of six years and potential to expand to at least 10-15 years. Based on just the initial mine life, and a current spot price of US2,000/oz, this projects life of mine revenue is US$1.2bn"
Mind boggling and i would expect financing to be announced in January ready for plans to go into the construction of the mine. Its really at a really exciting point
“…Chaarat has a pipeline of news flow over the coming weeks ahead of the Final Investment Decision at Tulkubash in Q1 2024, which in isolation should be a significant value trigger for the Company…”
https://total-market-solutions.com/2023/12/chaarat-gold-holdings-ltd-2/
"The project has been significantly de-risked with EPC, O&M and Mining contracts signed with Power Construction Corporation of China Limited, the Kyrgyz subsidiary of Power Construction Corporation of China International Group Limited (“Power China”) in October 2023. The Company is aiming to complete Project Financing in the near term with Final Investment Decision (“FID”) planned in Q1 2024."
Its going to be a huge Q1
Should run higher with any sustained buying
Easy bagger from down here
Very impressed with CFO David Mackenzie in the recent interview last week
Suggesting CGH currently needs over 100% rise just to get back to fair value
And thats before the near term $150m+ financing on their Gold project ahead of construction in Q2 2024
Its very exciting
Yes the price action is encouraging. I would say it’s highly unlikely that all placing holders are selling. Plenty will be in for the journey and upside
As you said seems a bit pointless selling at 6p when there is a high probability we see 15-20p in the near term
Exciting times
Sells and Buys will be all over the place including placement takers as noted on the interview 15-20 took a stake Id say average of £50-100K each so these are all flippers.
However unlike other Placements with AIM listed stocks the percentage of a placing here was a meagre 5% of the market capitalisation value and alot of people have failed to note this.
Chairmans converted debt to equity of 13.3m is UNLIKELY to be sold in my opinion so that leaves 21m
Those on Twitter I suspect are Placement particpants as well.
Again just 5% dilution warranted a 19% drop but the conventional pattern post raises is news driven movements.
I am hopeful a deal is announced before the end of Dec 2023 and paperwork completed by end March 2024.
It could be off the back of that the stock looks like hitting 16p again.
When deal was announced that I now doubt will be the old interested party stock rocketed to 16p from 7p low.
So here we have a 5p placing so odds are favourable of 15p at least then depending on deal valuation.
Anyone selling for 10-38% will miss out on the 61.8% to 161.8% rip giving the 14p region.
ALL IMHO DYOR
Think that big sell from yesterday dragged todays price down, onwards and upwards !
Should tick up this time come on MMs let her fly 🔥
Should tick up shortly
Was a good listen for a Thursday morning. Don’t see the price staying around 6p for long with financing worth hundreds of millions due shortly and then the line construction
CEO rightly said this is worth $130m+ right now and I expect much more than that when financing is secured in the near term
Fantastic interview… $130m is close to 15p
And that’s before we secure near term financing of $200m+
Interview below ;
“…At $20, which is the lowest of that range, the market cap should still be around $130 million. Today we’re at $55 million so that demonstrates how we’re undervalued at this time…”
https://total-market-solutions.com/2023/12/chaarat-gold-holdings-ltd-dec-2023/
Overhang should be gone in a week or two,caveat,without news
Looks like people are realising funding at 20p is looking
RNS stated ‘near term’
Think we may breakout back to 7.5 next couple days
Looking like we may see 7p today or tomorrow
Nice work TG
I’ve also spoken with management and am very excited about this one. The funding unlocks so much value.
This was trading up towards 20p over summer when they started talking about this funding package
Mcap £40m going to look v cheap soon
Financing is the key here and after reading some of the previous RNSs again and speaking with the management I bought a lump around 6p ish yesterday
I have a target of 25p in Q1 2024 with $200m+ financing package in place and progress on multiple fronts
It’s really exciting to be about to get involved at these levels