Member Info for pablo2

They currently have a GBX 35.00 target price on Chaarat Gold Holdings Ltd (LON:CGH). Numis�s target would suggest a potential upside of 63.55% from the company�s last stock close. This was shown in a research report on 5 February.

I thought Linda hadn't replied on this because she was busy ! Shares at 25p and loan notes convertible at 33p just as stated on Dec 18th. Disappointing we haven't, as yet, upped the funding to the desired $20m but are still at the $15m level. Still mgmt and concert putting their hands in their deep pockets for $3.6m shows confidence

Fact she hasn't replied straightaway has often meant I've hit the nail on the head and an RNS on the completion of the funding is forthwith. Hope so

I copied to him my understanding that I posted yesterday and he confirmed : "I think you have a good understanding of our latest resource statement and methodology." If that is so, one of the things he's confirming is that 2018 drilling will be hopefully looking to increase our resources in both ores. Not sure about this though from the RNS : " The updated Tulkubash oxide resource, at a cut-off grade of 0.3 g/t, constrained and diluted within a US$1,500/oz open pit shell, identifies: " Do we think the cut-off grade has been set at 0.3g/t and this equates to 'economic' at $1500/oz? So, if the pog was less than $1500/oz the cut-off grade would have to be raised? In 2016 the cut-off grade for Tulkubash was 0.5g/t. The table displayed in June 2016 for the 2 zones (and the 2 types of mining in the main zone) was much clearer. Anyway, not, unfortunately, a quick simple boost to our resource we were hoping might drive the sp. The 42% increase in the Tulkubash deposit was dressed in confusion so didn't have any affect. Imo we'll be lucky not to drift a bit until March FS and then we should really get on with the job next summer. I've also asked Linda aren't we going to get more final details on the Dec 18th fund raise, i.e. final figure raised, shares issued and Concert Party on-going holding. The fact that these funds were raised at 25p and 33p needs as much publicity as possible as it really shows management's and Institutions' ambition.

Ran the story yesterday too on probable Sale of Sturec : http://www.miningweekly.com/article/arc-settles-slovakia-liability-2018-01-31 Sale Price?

I wrote to Linda asking how in simple terms could we glean a lot of positives from today's update. She's passed it over to Bob Benbow who replied : "The reason for using an open pit shell as a constraint is to ensure that the resources reported have a reasonable prospect for economic extraction in a reasonable time frame. The largest simple positive in this report is that there is a 42% increase in gold within a constrained pit � this is the material we need more of to develop the Tulkubash open pit. Secondly, this method should translate to a higher conversion of resources to reserves compared to the previous method of reporting unconstrained resources. Lastly, it is extremely important to Chaarat that we are transparent and that we live up to the JORC reporting standards we have told you and other shareholders we will abide by. This gives you and your fellow shareholders confidence that what we report is according to the highest industry standards. Thank you for your email and your continued support. Regards, Bob" --------------------------------------------------- So, they've basically used more stringent methods for measuring the resource keeping within the open pit shell. The Tulkubash Measured and Indicated has only gone up 18.4% from 2016 but they need to change the standard used in 2016 to constrain that to the pit. This leads to the 42% upgrade to the gold within this constrained pit. With regards the Main zone, sulphide deposit, the cut-off grade used by NERIN in 2016 was 1.8gm/t but now they are re-adopting the 2014 standard used of 2 gm/t cut-off. This has taken the sulphide resource down from the 2016 figure of about 6m oz to 5.37m oz resource. The FS to be released in March should finally give the Tulkubash project the go-ahead and 2018 drilling should hopefully add to BOTH the Tulkubash and Main zones resources. So, complicated but more rebust

Sums up the confusion

Yep, it certainly isn't simple the way they've put it out today to make comparisons with 2016 to divulge a great upgrade. I've thanked Linda but asked her is there any way to simplify and quantify further any great upgrade in today's announcement.

Think we've missed a trick not making this Resource Upgrade a bit more straightforward and appealing. Confuses me, so what about possible newbies?

Difficult to pin the figure changes down to compare with 2016 resource statement. Mgmt happy to say for the first stage production of the oxide development, "a 42% increase when compared to the 2016 resource statement when re-stated so as to be consistent with this resource update"

I'll get on to Linda mid-day tomorrow if we haven't had our resource update yet. She should be able to let me know if it's coming soon. Perseus - I've still got some warrants which expire 21/4/19. I was lucky to exercise quite a lot of them when Perseus spiked around 12 - 18 months ago. Keep a very irregular eye on them so thanks for heads up Sparky. See they had First Gold Pour a few days ago at Sissingue. Now has Ivory Coast and Ghana mines producing. Hopefully will re-rate. Please keep me posted.

I would have thought after all the advertising they'd get the resource upgrade out this month, they wouldn't be late. Come on, let's be 'aving you !

CAI - ASX never seems to move much either. What's happened to the Pilbara Klondike gold rush ?

Sounds to me like the new Bod are doing well, making considerable savings and getting the job done. Temporary sp setbacks on getting some funds. Stop moaning

RED has a slot : The Growth and Innovation Forum � on 30 January 2018, in London : Event schedule The Growth and Innovation Forum takes place on Tuesday 30 January 2018. Registration: from 09:00 Conference: 09:45 - 17:00 Exhibition: 09:00 - 17:30 Event address The Business Design Centre 52 Upper Street Islington London N1 0QH

Well done ! Knew everyone but ourselves was asleep to this share. 5 more days in Jan = Resource statement + I think we need finalising of that fundraising from December with a few more details and shares issued, etc

No worries ! Just taken 10,000 in a cfd at 21.3p just before someone bought �20k's worth at that price ticking up the Ask a tad. Got to be news in the next 5 days or soon after if they're a tad late. Who knows about it? We do, everyone else is asleep

From POLY today : " In 2017, Polymetal paid out US$ 138 million in dividends, translating into a 2.7% dividend yield based on the average share price for the year. The Board has decided that there will be no special dividend for 2017 as free cash flow will be distributed to shareholders through the regular dividend at an increased pay-out ratio of 50% of underlying net income. The final dividend for 2017 will be proposed by the Board in March 2018 based on final financial results." Not sure what the annual average divi received from POLY is. Can't seem to find it in the 2016 annual report but Interims the last 2 years for jan-jun half-years have been Euro300k and Euro122k - so, perhaps around euro500k a year, perhaps more with the specials that have often been paid - glossy stationery

Looks like the company has still got a future, a great future

the news - I'm all ready for it