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Started: JAllis, 24 May 2024 14:20
Last post: AmyStake, 14 Jun 2024 10:57
Really surprised this hasn't attracted some interest. I do believe at somepoint this year we get significant upside from these levels. Directors have skin in the game.
- Bond converts at 30p per share
- Executive Chariman owns 45% at a average price of 15p, he has further options at 20p
- Xiwang investment at 20p
- Broker targets at approx 50p
Started: JAllis, 7 Jun 2024 10:16
Last post: JAllis, 7 Jun 2024 10:17
In commerce, China also eclipsed Russia in 2023 as Kyrgyzstan’s top trade partner, even though Bishkek is a member of the Moscow-dominated Eurasian Economic Union (EAEU). China accounted for almost 35 percent share of Kyrgyzstan’s annual trade turnover total of $15.7 billion in 2023. The EAEU’s share was almost 28 percent.
https://eurasianet.org/kyrgyzstan-china-solidifying-economic-hold-on-bishkek
Growing Chinese investments in Kyrgyzstan with mining one of the main sectors for investment bodes well for reducing downside risk for the Xiwang investment, particularly so in the backdrop of the rising Gold price. As soon as the Political Risk Insurance is obtained, which is the main contingent item for the completion of the funding package per the last RNS, the deal completes.
"China has supplanted Russia as Kyrgyzstan’s chief source of foreign direct investment (FDI), according to data compiled by Kyrgyzstan’s National Statistics Committee. Chinese FDI in 2023 totaled $220.8 million, or almost 28 percent of the country’s overall FDI total of $798.2 million. Russia’s FDI total was $147.4 million. Kazakhstan was Kyrgyzstan’s third largest foreign investor in 2023 at $67.3 million.
Manufacturing ($226.4 million) and mining ($169.2) were the most attractive Kyrgyz sectors in the eyes of foreign investors last year. That interest appears to be carrying over into 2024: in early April, the Chinese mining concern Huaxin signed a deal with a Kyrgyz state enterprise to develop the Kol-Jangak coal field."
https://eurasianet.org/kyrgyzstan-china-solidifying-economic-hold-on-bishkek
Started: JAllis, 24 May 2024 12:55
Last post: JAllis, 24 May 2024 12:55
Is at 30p per share. Absolutely minimal risk that the bond holders will not be open to extending the bond due date.
Any conversion at 30p would be great for the company but not for the bond holders given the current share price. They would much rather extend the bond deadline then when the company secures the $150M share subscription by Xiwang at 20p per share be paid the full face value of the bond.
Last post: Caterham7, 24 May 2024 09:45
£10k trade is a buy.
Started: JAllis, 21 May 2024 22:26
Last post: JAllis, 22 May 2024 13:05
Martin Andersson, Executive Director and majority owner of Chaarat with his 46% stake, has attained this holding through a mix of converting loans to the company and buying on the open market.
The conversions and the buying has taken place over the past 6 years or so at prices between 5p at the lowest and 39p at the highest. His VWAP breakeven is 15p - 4x current share price.
He more than anyone will want to see this succeed and the $150m funding package with shares at 20p get over the line.
Deal is over a year in the making, legal agreement sign off and political risk insurance remain as the last few items to tick off. Sign off appears imminent.
ED has options at 20p, Xiwang funding package (which we await signoff for) is for equity at 20p, broker targets are averaging around the 50p mark, CFO said based just on reserves the mc should be around the $130m mark, the loan notes convert at 30p per share.
Whichever way you look at it this company is severely undervalued. $150m funding package signoff once legal agreements are signed and political risk insurance policy in place will be the catalyst for the rerate.
Exec Director and acting CEO owns 45% of the company, has put money in as recently as December at 5.25p and has most of his options at 20p per share - fully incentivised to get the $150M funding package over the line and the see the share price re-rate.
Started: JAllis, 21 May 2024 22:16
Last post: JAllis, 21 May 2024 22:16
Excellent news, Moody's today upgrades Kyrgyzstan credit rating to stable - 'the change to a stable outlook reflects Moody’s assessment that the balance of risks has returned to stable.'
This will improve prospects for a competitive Political Risk Insurance policy that is required as a condition to finalising the Xiwang funding package.
Further to the previous post, with the increase of the price of Gold from $1,990 to $2,400 since this deal was first announced back in May 223 equalling an additional $400m from the Tulkubash asset alone, this $150M funding package from Xiwang has literally paid for itself almost 3 times over.
CGH hit 16p last year when the funding package was announced. The deal is so much closer to completion now since then. The latest RNS indicates it is paperwork items remaining i.e. the insurance policy and the legals - with all the relevant approvals and contracts (PowrChina etc) now in place. The comment regarding working with PowerChina to commence construction activities within a short time frame is also highly positive. Given the expected finalisation for this deal was in Q1'24 signoff would now seem to be imminent once these paperwork items are in place.
CGH hit 16p when the deal was first announced in May last year. Gold was then trading at $1,990 per oz. It has risen to $2,420 per oz since then. Tulkubash has 1m oz, thats an additional $400M this deal is now worth to Xiwang.
AISC for Tulkubash is c$1-1,100 per oz. That's $1,300 per oz PROFIT. Thats $1 billion in profit alone just for Tulkubash. Kyzyltash is 5x bigger than Tulkubash! Market cap of CGH is £29M. No wonder the CFO is saying this is undervalued and should be about 4x current price with where CGH is now. Average price target across 3 different brokers is 52p.
Started: CEOAdam, 19 May 2024 21:33
Last post: techguru91, 20 May 2024 07:42
5p today? Lets see.
Yea struggling to see how the CGH shareprice doesn’t respond much much higher from here. This is a company making transformational deal
Company has circa $0.8M as at end March '24 plus access to $3M in working capital funding to see them through to sign off of the $150M deal
Fantastic RNS on Friday afternoon. CGH has 6.4M oz of Gold across it's two main assets; Tulkubash - 1m oz at 0.87g/t and Kyzyltash - 5.4m oz @ 3.8g/t - plus more in 'satellite deposits'.
Original financing package announced May '23 was for a $250M cash injection via equity issuance at 20p per share. for 60% of the entire company. Funding has since been revised to $150M but, importantly, is now 60% for the Tulkubash asset ONLY i.e. $150M for 1M oz at 0.87g/t. Partnership discussions on the Kyzyltash project continue implying signoff for that asset will be separate and CHG sees that as worth more than the $100M given the baseline used for the Tulkubash.
Tulkubash alone generates circa $133M a year PROFIT at current gold prices. Market cap of the company is £28M. Go figure. No wonder Xiwang is prepared to pump $150M into this for 60%.
Can someone explain if the company still has these shareholders funds from December 2023?
Cash in bank 1.69 million
Shareholders Funds 44.91 million
https://www.lse.co.uk/share-fundamentals.html?shareprice=CGH&share=Chaarat-Gold
Started: chrishutch, 17 May 2024 16:24
Last post: chrishutch, 19 May 2024 19:35
Looking forward be a good move here,
Superb RNS. $150m is no joke and at the current Mcap should do multiples from here
Was trading at 6-7p in anticipation. Placing was at 5.25p
Crazy it’s still sub 4p. Assume that will change Monday. Maybe head towards 10p short term
Late Friday night rns. Monday it flys
Would be flying lot higher if it appeared on Top Risers board to get on people’s radar. Why isn’t it on Top Risers board?
;-)
Last post: Flightman, 17 May 2024 15:54
Patience pays,)))
Or 4,50 to buy
4.50?
3.90 to buy atm
3.20 paid there.
Started: NickRubens, 13 May 2024 10:49
Last post: NickRubens, 13 May 2024 10:49
From recent accounts,
"The convertible loan notes are due on 31 July 2024 and the Company is evaluating its options."
Does anyone know off hand the terms of conversion? I presume they will change the debt to equity, but not researched properly. Any feedback from 'informed' observers would be useful. Cheers NR
Last post: Flightman, 24 Apr 2024 14:31
Upside imo is massive.
Anderson owns 45% so he's in full control
He paid 5p for 4m this Yr,so he needs this much higher
Market will come in on finance news personally I think the bottoms reached.
Started: Flightman, 24 Apr 2024 11:57
Last post: Troajan, 24 Apr 2024 12:39
I can remember this from 12/14 years ago,when you first stated posting on leg(i think it was leg)...i didnt know chaarat was still around till a few months back.
i guess he means,funding for the 100k ounce mine,first
then the bigger 300k ounce underground mine,at a later date.
that's a big yearly tonnage that.....i think cey's only capable of 500k ounces per year,maybe a tad more
come o dave,where's that funding.lol.
Well under the radar Tro,
Big trades a couple of days ago,
Could be exponential rise here anytime soon
Finance news due,was talk of 20pps for the Chinese stake.
Let's see
And a 3 year bear trap low chart,gorgeouse chart that
2.90 looks to be the bottom...imo
well off the radar too,
6.4Moz of gold
Just need that finance deal then all guns blazing.
Could well be a great investment.
We are a mining company with a global resource inventory of 6.4Moz of gold however with a market capitalisation that, in the Board's view, does not yet reflect this and which serves to highlight the significant upside potential for investors once we secure funding to enable us to eventually move into our first phase of production at Tulkubash."
Started: Flightman, 22 Apr 2024 15:05
Last post: Flightman, 22 Apr 2024 16:05
Another big buy,delayed
Looks like news then.
£25k buy,probably an insider,
Started: chrishutch, 28 Mar 2024 10:20
Last post: chrishutch, 28 Mar 2024 10:20
Goes well with Doritos
Started: aimofthegame6, 27 Mar 2024 07:39
Last post: aimofthegame6, 27 Mar 2024 07:39
No one just goes out and buys £50k 10% above the offer for no reason. Wonder what that's about
Started: MrGrimnasty, 26 Mar 2024 18:14
Last post: MrGrimnasty, 26 Mar 2024 18:14
Some big buys on 25th March. Someone is confident.
Started: chrishutch, 13 Feb 2024 15:13
Last post: ssrino, 22 Mar 2024 16:33
Where’s the blooming news? This is a little frustrating as they only have a week left of Q1 when funding was supposed to be sorted.
The start of a move by the looks, bottomed and up
Started: Ra11adw2, 31 Jan 2024 18:33
Last post: Ra11adw2, 31 Jan 2024 18:33
Is everyone locked in and brought shares I am confused with the so called near term financing update due within 2 months Q1. Nothing is happening price slowly declining.
There is literally no buying or selling, just small ones, like the share price is barcoded till next big news, also share price talk and chat rooms are dead.
Compared to many other companies with catalysts or debt-loans, something isn't right here. Unless its just not a favourite common stock, CGH has analyst ratings of 50p+ if gold production in 2025 + other assets.
Started: AmyStake, 18 Jan 2024 07:13
Last post: Ra11adw2, 29 Jan 2024 13:44
InvestingGen you stated *When I spoke with him they were on track to wrap up financing by end of month*
So these are exact words end of the month? That means we should expect to see RNS this week or next week.
The fact in numerous interviews they are stating undervalued and immediate possible uptick in prices and everyone looking forward financing says how close it is.
Unless it delayed for some reason but they have to be fast for construction start and Q2, Finance is key to progress everything else is in place.
Thanks IG!
Absolutely. When I spoke with him they were on track to wrap up financing by end of month. But even if February it’s all very close to a transformational period
Marjet not woken up to this yet but I’m very excited
The CFO said ""Our +1Moz Tulkubash Gold Project is the most advanced in our portfolio and should move into construction in the first half of 2024..."
Is this a realistic target, first half of this year?
Really nice read. RNS really does show just how much potential CGH has and given Gold is over $2,000 per Oz its going to be a cash cow soon
As per MAY RNS i'm expecting financing to be concluded shortly for $200m+ at equiv 20p. Its going to be a transromational few weeks ahead
Started: AmyStake, 25 Jan 2024 08:52
Last post: Ra11adw2, 25 Jan 2024 14:20
Q1 is end of March, they stating in interview's many times by end Q1 regarding positive financing and share price going up by the guy these precise words.
So idk if it comes end of Jan, Feb or March. They seem to be pushing it and stating share price going up in many interviews. But this needs to be completed soon so they can go into gold production targets end of 2024.
Thats a nice sign of confidence
interview came across really well. Think February could be our month
Started: Troajan, 23 Jan 2024 14:48
Last post: Troajan, 23 Jan 2024 14:48
Last post: Ra11adw2, 22 Jan 2024 10:51
When is the financing supposed to come thats supposed to double or triple the share price e.g 15p-20p. Is it End of this month Jan or next month?
The share price should be much more of course as they stated in interviews very undervalued but still under 6p.
Started: AmyStake, 12 Jan 2024 11:24
Last post: AmyStake, 12 Jan 2024 11:24
Book looks good. Management expecting to have this major financing deal wrapped up by end of month. Will be transformational for CGh so watch this space. About to get lively