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Thanks for sharing your research, Dibs. Always good to hear 'outsiders' perspectives and I think his point about significant early costs is well made. However, one of the most attractive features of the company's assets is the fact that a significant percentage of gold is at/close to surface and therefore cheaper to process than underground mining. I wonder, too, how long POG will linger around these levels, given the fragile state of major economies and currencies. It won't take much to explode the gold price back towards $2000 per ounce and maybe onto new highs in the years ahead. At those levels, CGH, is a major cash cow and one hopefully the Chinese will buy into. GLA

I take your point about share buyers not affecting dilution, and I stand corrected. However, the main point I am making refers to the situation if a bid for our assets is made- in which case the number of shares in issue is critical. CGH is, by definition, a Holdings company, not a mining company and one reason for investing here is that I have always felt the board would prefer to sell the company, not develop into a mining company. I still feel this is Chaarat's preferred option, but of course, that is speculation on my part. The 'sourcing of funds' by other parties may/may not relate to an outright bid and only time will tell us what is currently going on behind the scenes. Cheers.

Tractor- happy to explain my perspective. CGH currently have around 272 million shares in issue. Any potential bidder will look at the DFS and assign a value to the assets and then table a bid that they consider represents a good investment v risk price. Let's say they make a bid of £150 million pounds- that would represent a price per share of 55p per share. If there was a run on CGH's shares and this raises the number in issue to say 400,000,000 then the same £150 million bid equates to 37.5p per share. This is why I believe the lower number of shares in issue, the better and this is a strength of the company that is under-rated.

There is no doubt that Dekel would have needed evidence of 'funds being raised' for the adviser to allow the statement about a potential buyer to be included i the RNS. Although the market response to the latest news was flat to say the least, it is in our favour that the herd have not arrived, purchased lots of shares, and diluted our holdings. Interesting times ahead.

Apologies- wrong board!

Hi guys. There is no doubt that Dekel would have needed significant information re an interested potential buyer for the adviser to endorse what was referred to in the RNS. Put that together with the continued closed period and, as you say, this makes for an interesting period for us. I am personally comfortable that the last RNS did not attract the herd because with fewer shares in issue, if a sale goes ahead, the board can push for a higher price.

Hi 9124344. Who's to know the real answer except MMs. I guess the current spread will dissuade both buyers and sellers, so a natural conclusion is the sp is being 'held' I stopped trying to figure out how Aim works a long time ago as there often appears to be zero logic attached to sp movement at times. Lets hope the sp holds at a reasonable level until we hear some transformational news re jv or buy-out.

Welcome to you. This is a well-informed and patient board with holders like me being involved for a number of years. You have bought into huge potential.... and tedious progress in real terms. However, I believe you have timed your entry well as the crucial news we are awaiting is months rather than years away. Close association with the Chinese gives CGH an enigmatic quality that is frustratingly slow, but ultimately should deliver the goods. Whilst a slowing Chinese economy may appear to be negative for potential investment into Chaarat, there is no doubt that the Chinese are increasingly keen to get their hands on as much gold as they can. Good luck to you.

Another decent rise to end the week-what a refreshing change. At some point, gold had to stage a recovery and the falsely strong position of the dollar in recent months has not helped our cause. There is no doubt that the US financial position remains dire and at some point, the Fed will need to do more than kick the can down the road. We are also beginning to see the effects of weakening supply as the larger miners scale back their operations. This could cook up a perfect storm for Chaarat and how good would it be if the company timed the upturn in gold's momentum with news of a sale or jv. There can't be many operations that can plan for cheap mining costs for the first few years of the LOM- and to me,that may be Chaarat's defining factor. Either way, it's good to see some momentum back here. Good weekend all. Come on England....

It's good to see previous holders buying back in here at what is a bargain basement price and indeed more posters expressing their views both ways. One of the interesting statements in the RNS was Dekel's comment that a company remains interested in buying and is currently sourcing funds. Whilst Dekel's time-related targets (eg imminent, shortly) leave a lot to be desired, he is normally spot on in his assessment of what actually happens with the company. Whilst I personally prefer an outright sale in the short term (who wouldn't?) options 2 and 3 are almost as attractive given the very cheap predicted mining costs. If we do see gold up at $1500 an ounce this year, as some analysts predict, that is just the kind of macro issue that could seal a deal.

it's been useful to read holders perspectives on the RNS. Having thought it through and listened to Dekel's interview, I have decided to add to my holding here so bought 35,425 this morning to take me to 100,000 at 7.7p. Considering my first purchase 6 years or so ago was 6,000 at 49p, I'm pleased to have an average that gives me a chance of escaping here with a profit. My view is that the potential and positives here far outweigh the pull down factors, the former being, in no particular order; a world class resource, ultra cheap extraction costs, heavy II and board investment at a much higher price than my average; a low number of shares in issue. If we add to that the building upward pressure on the spot gold price and a likely supply fall, this is a no-brainer really. It's just interminably slow progress being involved. However, having waited 6 years to get to this point, I'm sure I can hang around a while longer. GLA and enjoy your weekend.

I can only liken today's RNS to the anticipation of lighting a firework once on New Years Eve. It cost £50 and was supposed to light up the skies in a flood of exploding colour. When I lit it and hastily retreated, it fizzed a little.... and then threw out a few sparks... and then died, much to my three son's amusement. I am stunned into disbelief at the RNS and the market reaction and need to sleep on it before re-reading it I suppose. I'm not invested big here, by any means, but I really feel for those who are, especially the incorrigible optimist, Pablo. The RNS is seriously vague and I really feel now that the board have let shareholders down and need to be held to account. To be continued..... after a beer and a good kip, hopefully.

Shhhhh....

You're a brave man Pablo and hopefully fortune will favour you! I added more last week but have reigned in the temptation to add more as this could end badly.

I don't share your confidence, Pablo, that a backroom deal is unlikely here, and I hope I will be proved wrong. Another option the board has had, and continues to have, is to go for a suspension of trading on Aim until the DFS result can be announced. This would prevent further carnage of the sp and enable the shares to re-open at a significantly higher level- you would hope. The fiddling whilst Rome burns approach is damaging the value of the company- our company- and I agree with Dibs perspective here. A belated response from the board would be better than no response.

Lots of baling out today in unusual numbers for this share. It seems only the brave will be left here and let's hope the board respond to the now perilous position of the sp. It's a strength here that institutions and directors are heavily invested, but I guess, like others, I fear a backroom deal that benefits the few and that may scupper us. Surely the board will see the need for further damage limitation.

Ordinarily the markets would have reacted positively to such news but these are far from ordinary times. Let's hope the company's plans bear fruit and our patience is rewarded. GLA

Just added a few more at this silly price. Will continue to top up at or around this level. GLA

420,000 shares sold and we are up 2%. Strange moccasins.....Welcome Dach. Hope you have timed your purchase to perfection..

Refreshing to see increasing posts on this board- always a good sign. I've read a few analysts reports on POG for 2016 and the consensus is a significant rise from here. All taken with a pinch of salt of course but negotiating a jv or takeover in a rising market would strengthen our hand. Hard to call what Dekel's preferred option is as he seems to drop hints about interested parties and then simultaneously talks about CGH as a miner of the good stuff. I strongly feel the board will have their own base=line price for Chaarat and if Dekel is closing in on retirement, he will want the best nest egg possible. I think the absolute minimum price will be 30p per share and one of our strengths is the relatively low number of shares in issue. Looking to double my holding here now ahead of news as I feel the number of opportunities to bang in T20s from here will be limited. GLA