Chariot Share Discussion Threads

[hsfinch] 05/4/2021 16:34

Get lost ramper.

[hsfinch] 01/4/2021 14:41

A fair bit of selling goin on. More news puffs required to suck punters in.

[andonis] 31/3/2021 09:39

you think fair. I need to do some chats

[andonis] 31/3/2021 09:37

possibly Invi I have to study it

[invisage] 30/3/2021 23:21

Before June sell longs and go to Cash ... I don't like shorting, I see volatility a lot of volatility in the second half 2021

[andonis] 30/3/2021 11:23

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[andonis] 30/3/2021 10:05

yes...

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[invisage] 26/3/2021 23:29

DOW made new highs...Markets going to go parabolic and then crash later this year...

[888icb] 23/3/2021 19:24

Some more from Malcy which sits before the final paragraph in the preceding post:

Chariot has a number of times suggested that there were a number of game-changing deals on the go and this certainly ticks that particular box. As a move away from the old elephant hunting days, drilling for oil offshore West Africa, this couldnt be more different as it takes on the move to cleaner, greener more sustainable energy. With a rapidly increasing African population, doubling to some 2bn in 25 years, the demand for renewables is expected to grow out of all proportion.

So this deal that gives both companies and countries a chance to deploy in renewables is crucial and with the involvement of Total who add a major perspective and will be a key part of the relationship with the Pella stable in 17 African countries provided by Adonis Pouroulis. It is also suggested that through the JV Chariot will be able to lever off the Total balance sheet giving even more potential.

Of course the Lixus tie-in will provide the already decent size Anchois discovery with a market place, with its de-risked project NPV10 of some $500m + it also ticks the scalability box where a potential 3 TCF are anticipated

There are a number of sundry positives, for investors who rate the above industry average of ESG compliance the acquisition meets Chariot’s key ESG value of Positive Impact on the environment, countries, and communities where it operates. It marks the change towards gas on the continent and obviously with a large number of energy hungry mining projects should have medium and long term opportunities.

Post completion of the acquisition, the enlarged group plans to formally change its name from Chariot Oil & Gas Limited to Chariot Limited under the tagline of “Chariot Transitional Energy”, very much a cleaner, greener and more sustainable company.

Personally I think this is a very good move by CHAR which will not only be profitable and scalable but sets out the stall for a modern energy company that will embrace renewable power in mining.

[t0pgrader] 23/3/2021 16:13

Malcy's Blog:

The shares have not taken advantage of what is without doubt a game-changing deal, investors should watch the interview with Adonis and see how the various moving parts in this deal will combine to make the current market cap look positively tiny by what it should be. A key member of the bucket list Chariot is set fair with this deal.

[nibble] 23/3/2021 11:24

Fair point 888. Lets hope this new avenue leads somewhere.

[888icb] 23/3/2021 11:09

If you look at the other interests of Adonis the CEO and large shareholder in O&G and mining and indeed the other board members you will quickly realise the extensive contacts they will have.

[nibble] 23/3/2021 09:47

Hope you're right, but it's the shift from offshore O&G to onshore mining that's thrown me. The so-called world-class CHAR expertise & collaboration has always & been in oil and gas, most of it concerned with offshore licenses. Now they're suddenly claiming to have potentially lucrative connections with the onshore mining community.

Market's not too impressed with the news either! Seems to me like another attempt to sucker in a new group of mug punters.

[888icb] 23/3/2021 09:38

It looks like a good deal for CHAR who are starting to deliver on their promise of new ventures. But the real plus in my opinion is that the new venture is accepting payment in CHAR shares. They would only do that if they are fully confident in our gas project in Morocco. I expect the big announcement we are all waiting for to follow shortly.

[888icb] 23/3/2021 09:01

Chariot has been around for a number of years and has had involvement with a lot of major players it’s just the nature of exploration that there are many unsuccessful drills. Chariot is now in a very different place but can still use its old partners and contacts.

[nibble] 23/3/2021 08:36

Since when did CHAR have this quoted "wide reach to the African mining industry"?

[chrisfroome1234] 23/3/2021 07:24

A new announcement out today from Chariot and a CEO interview to accompany it which can be found on the Company's website: hxxps://www.chariotoilandgas.com/news-media-centre/video-audiocasts/

[888icb] 22/3/2021 09:06

Positive start this morning Up 3% on volume of 217000 perhaps on the back of a comment by Simon Thompson of IC mentioned on another bb.

Simon Thompson IC22 Mar 2021 07:35
Morning all,
A very brief mention of CHAR in Simon's article this morning (which is focused on SLE). Basically, he's bullish generally on the O&G sector and, in relation to the stocks he's covered (i.e. TRIN, CHAR, JOG), says: "All have doubled or more since late October. There should be more upside to come.

[invisage] 21/3/2021 07:45

Bless you Ando....thanks for sharing your work