Chariot Share Discussion Threads

[invisage] 16/11/2020 20:33

Hi Ando

Could you share your latest thoughts on RDSB and BP please? With the COVID Vaccine news charts look healthier, but still wanted to get your view as I have a large holding in these.


Thanks very much.

[pally12] 16/11/2020 13:01

Next bit of news this will shoot up to .20p

[888icb] 16/11/2020 10:27

Now Up 11.1% on volume of 1.76 million at 11.80p. If it maintains this share price until the close it will be a new high closing price and the move north will be resuming. Number 17 on the leaderboard.

[888icb] 16/11/2020 09:00

A positive start to the week Up 3.5% on volume of 688000 as further news is awaited.

[888icb] 13/11/2020 14:47

Continuing to rise towards its previous high. Up 9.8% on volume of 2.8 million.

[maggsc] 13/11/2020 08:25

Chariot loves a Friday - there’s an expression from the past! Fingers crossed.

[chestnuts] 12/11/2020 20:24

Invisage

Probably in a few days time.

[invisage] 11/11/2020 19:35

Chestnuts When will gold rise?

[richardjohn10] 11/11/2020 19:19

Did it not finish 2.9 up?

[888icb] 11/11/2020 14:21

Now Up 10% on volume of 4.6 million at 10.8 following a flurry of buys at 11.40p

[f0rl0rn] 11/11/2020 13:19

If it was that easy, the deal could not happen too or terms could be much worse anyone expects

[888icb] 11/11/2020 12:11

Several oil and gas companies are up over 10% today which equates to multiples of CHAR’s current market cap. Just an indication of what’s in store once production starts. But before that when offers of finance turn into actual finance of upto £500 million we will see a big rise in the share price A finance deal could happen at anytime from this point.

[pally12] 10/11/2020 15:04

Alot if unknown trades today

[guyswonga] 10/11/2020 13:27

thanks for that insightful comment

[justtrying1] 10/11/2020 13:11

Finally some sense for this over rates dog

[magtalo] 10/11/2020 12:52

Its nice to see 20p on level 2

its anyone's guess short term, but if Char asset is really what they say it is...then blimey long term this has to be in the £'s

[888icb] 10/11/2020 12:49

Perhaps refer to what Simon said
Chariot primed for further share price gains

■ Non-binding expression of interest to fund the Anchois gas discovery.

■ Offtake discussions ongoing.



Aim-traded Chariot Oil & Gas (CHAR:6.48p) has received two non-binding expression of interests to provide development funding for the company’s Anchois offshore gas discovery in Morocco. It’s a huge resource with an estimated 361bn cubic feet (bcf) of 2C contingent recoverable resources, and 690bcf of 2U prospective resources.

The fact that two highly regarded institutional lenders – African Finance Corporation, a Pan-African infrastructure institution, and a well-known multinational bank – have endorsed the project underlines its quality. It’s also significant given that capital expenditure of US$300m to US$500m needs to be funded to bring the development on stream. Chariot is also engaging with potential off-takers both within the domestic Moroccan gas market, and through the Maghreb-Europe pipeline to the European gas market.

Investors have reacted positively to the news. In fact, the share price has surged 70 per cent since I highlighted the buying opportunity three weeks ago (‘Priced for profitable outcomes’, 12 October 2020). If Chariot secures both an offtake agreement and the development finance, as seems increasingly likely, then the share price could easily treble or quadruple given that analysts’ risked net asset value of $153m (£118m) for the Anchois gas field is five times Chariot’s own market capitalisation of £24.5m. Buy.

[guyswonga] 10/11/2020 12:45

Of course a share wont go up daily, there will be sellers and cosolidation, which today has the look of, where do you guys see the share price / market cap short and medium term

[888icb] 10/11/2020 12:31

Yesterday’s Covid vaccine news caused a lot of investors to seek profits across the market and removed come focus from shares like CHAR. However once the dust settles people will appreciate that with the global economy looking a lot better in 2021 is good for Morocco and good for CHAR. The demand for gas will increase and the funders will be even keener to provide the finance on attractive terms. We should expect further news on the financing soon.

[magtalo] 10/11/2020 12:07

I bought in around the 6p mark....

Nothing goes up in a straight line....
Char has done well over 2 weeks for me and a bit longer for the lucky ones who were in sub 4p.

Today seems to be an unusual day seeing Char in red rather than blue.
But hang in there....with institutions prepared to spend upto $500m on Char assets, at 10.5p with under 400m shares in issue, its a no brainer.

[guyswonga] 10/11/2020 11:37

Just took advantage of the drop and got some at 10.55p

[888icb] 10/11/2020 09:19

Making progress again today Up 7.8% on volume of 1.6 million.