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Chaarat Gold finance director buys shares

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Chaarat Gold's (LON:CGH) finance chief has bought shares worth almost £20,000 in the company.

Linda Naylor on Friday (Dec 7) bought 100,000 shares at 19.75 pence for £19,750.

She now has a beneficial interest in 728,000 shares in Chaarat - or 0.29% of the share capital.

The company is developing the Tulkubash mine in the Kyrgyz Republic and last month revealed it had agreed a new power supply deal, while adding that a major Chinese gold producer may also invest.

Shandong Gold Mineral Resources (SGMR), China’s third largest gold producer, has received the necessary approval to negotiate an investment in the company, it said.

Meanwhile, it has inked a memorandum of understanding with China’s largest gold producer, China Gold, to build a power line from Chatkal - the entry point for the Chaarat project to the national grid.

 

Quick facts: Chaarat Gold Holdings Ltd

Price: 25.5 GBX

AIM:CGH
Market: AIM
Market Cap: £175.09 m
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