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Chaarat Gold - change in strategy further underlines severely challenging conditions for the sector

By Steven Moore | Monday 13 May 2013


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Prevailing market sentiment and conditions and consultations with stakeholders, including key investors and shareholders, have seen AIM-listed, Kyrgyz Republic-focused Chaarat Gold (CGH) decide that “now is not the time to commit cash flow to small scale production and that fast-tracking a definitive feasibility study, together with a continued focus on the development of infrastructure, is the optimal route to deliver the value of the Chaarat deposit.



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