Chariot Share Discussion Threads

[chestnuts] 23/5/2021 17:44

Kmon

I am very good on history with gold but oil i am not as good, but the problem i see for oil is that governments of the world is trying to push any thing but oil and gas and i fear that pushing alternative energies with out any these as good could be a complete disaster for man kind, just look at this winter and spring its bloody freezing and i bet the ice pack as grown substantial but the governments of the world will not admit this. So with these challenges oil could be capped. And this will also go for oil and gas companies.

[chestnuts] 23/5/2021 17:19

If you liked the chart you might like these ratios

In Sept 1932 Britain defaulted i see this as when britain lost the reserve currency status

On Jan 30 1934 the usa revalued gold from $20.67 to $35 1934.08

On July 21st 1944 Bretton woods meeting convened 1944.55

On the 14th March 1968 the LBMA collapsed and run out of gold because the USA was printing money so there was a run on Gold on the 2nd of April the LBMA opened its doors again but Gold was split between The central banks and price still at $35 but the other 50% was allowed to float. 1968.257

On the 15th of August the USA came off gold and gold was floated 1971.63

On the 21st July 2023.55 this is when i expect gold to have a top at $8832 2023.55
++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
If you remember i did a working out on GKP

to the top of the 3rd wave = 593 days and movement 198

593 x 198 = 117414

The 2nd part of the chart

it took 475 days and moved 247 pts 475 x 247 = 117325

So the first half of working out 117414 = 117325

Now if we apply this to gold

Gold topped in 2011.681 at 1886 and it took 43.424yrs 1886 x 43.424 = 81897

Now my cycle finishes on 2023.55 - 2011.681 = 11.689

81897 divided by 11.689 = 6900

6900 + 1921.6 (top in 2011.681) = 8821 You have to bear in mind that you get part days involved with the calculations

I like this calculation
First wave from 1968 to 1980 = 11.852 x the price movement 841.5 = 9973.45
3rd wave from 1999 to 2011 = 12.041 x price movement = 1668 = 20084
5th wave from 2015.92 to 2023.55 = 7.63 x projected price movement gold bottomed in Dec 2015 at 1045 and my projection is 8832 , 8832 - 1045 = 7787
7.63 x 7787 = 59414.8

9973.45 + 20084 + 59414 = 89472.26

Just to clarify the cycle from 1934 to 2023.55 is 89.47 yrs

[bamboo2] 23/5/2021 11:48

Chestnuts, what is also great about the chart is that you managed all that with advfn's incredibly creaky charting package!

[k mon] 23/5/2021 11:41

Interesting stuff chesty..

Could you do something similar for oil..?

The Gold question is all about the validity of 'Money'..
- ie - Gold rises over four time in the next five years..
(therefore FIAT in effect De-Values.. against a hard asset)

But Oil is more of a utilitarian necessity .. so a more valid basis to base the 'validity'.. of a FIAT currency against.
(as is most energy.. otherwise we'd be doing everything manually
& walking everywhere .. so energy is the basis of an Economy .. Gold
.. the basis for Law etc.. )

The reason for asking is this .. the charts show a de-valuation in FIAT
... and in such cases .. societies & commerce .. revert to the utilitarian
value of a commodity.. which would suggest that Oil .. may rise by multiples
greater than Gold..


The question being .. in order to take most advantage of the FIAT De-valuation,
which asset .. would an investor be in.. in order to benefit most by the event?

Not sure if the information is available .. but would be interesting to see the comparison / projections.

- Great Chart, thanks.

[chestnuts] 23/5/2021 10:02

One of my hobbies is cycles and i have drawn the chart below to simplify the cycles

This chart shows a target of $8832 which is the cube of $20.67 this was the value of gold before it was revalued in Jan 1934. Nearly all charts and dates are associated with Gann.


free stock charts from uk.advfn.com

[texaschaser] 21/5/2021 20:16

horse dead flogging. move on best bet. death by thousand cuts.

[anangf] 17/5/2021 20:31

I reckon this is proving to be usual aim nonsense.

[hsfinch] 17/5/2021 17:45

The acquisition was meaningless imo. But I sense something coming. They were kings of news puffs for a while. But recently...nada. They could easily have pumped out a couple of pointless puffs but they haven't. I reckon there's real news in the offing.

[888icb] 17/5/2021 09:04

As we await news it is worth revisiting the 23/3/21 RNS about the acquisition of the Renewable developer. The following extract indicates that Total are expecting our gas project to succeed and produce material cash flow as well as immediate revenue to finance costs:

Strategic Partnership with Total Eren:

o Strategic partnership with Total Eren, a global renewable IPP to develop low-risk mining power projects in Africa.

o AEMP has a right to invest in up to 15% project equity at cost in projects developed by the Partners. This provides multiple value accretive opportunities for re-investment of anticipated material cashflows provided by Chariot's Transitional Gas Project, the Anchois Development in Morocco.

o AEMP currently recovers its overhead costs as part of the partnership providing an immediate post-acquisition revenue stream to finance ongoing costs.

[brazilnut1] 17/5/2021 08:37

Never last without news. Same most days for weeks now.

[888icb] 17/5/2021 08:26

A good start to the week Up 10.2% which puts CHAR at number 5 on the Leaderboard.

[andonis] 13/5/2021 15:01

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[888icb] 13/5/2021 08:49

All markets are down this morning so no trades is a good thing.

[brazilnut1] 13/5/2021 08:42

Not a single trade in 1st 40 mins. Nowt going on here, again!!!

[888icb] 11/5/2021 19:50

Subsea have it as a featured project on their website:
Chariot and Subsea Integration Alliance will adopt a "One-team", integrated and collaborative approach to safely fast-track first gas to maximise the return on investment.
Subsea Integration Alliance signed a collaboration agreement with Chariot Oil & Gas Limited, the Africa focused transition energy company, to work together to enable the front-end design, engineering, procurement, construction, installation and operation of the Anchois Gas Development project in Morocco.

Background
Chariot, through its wholly owned subsidiary, Chariot Oil & Gas Holdings (Morocco)Limited, has a 75% interest and operatorship of the Lixus Offshore Licence, Morocco("Lixus"), in partnership with ONHYM which holds a 25% interest.

The Lixus licence, which is on the Atlantic coast of Morocco, just south of Spain, contains the significant Anchois gas discovery with audited total remaining recoverable resource (2C & 2U) of in excess of 1 Tcf. The sampled gas is 97% methane, without impurities, and is held in high quality porous and permeable sandstone reservoirs.

The development plan from a Pre-FEED study consists of two subsea wells tied into a subsea manifold with a 40km offshore flowline connected to an onshore gas processing facility, from which a short 40km pipeline connects to the trunk pipeline to Europe allowing access not only to the growing Moroccan energy market but also to the European gas market.
The scope of the Agreement covers:
Front-end engineering support and engineering design work.
Engineering, procurement, construction, installation, pre-commissioning and commissioning work.
Operations and maintenance of the facilities.
Commitment to ESG and the importance of contributing to social development through the creation of direct and indirect jobs in Morocco.

[888icb] 10/5/2021 17:47

Clearly the 10x comment related to a future event and we haven’t had any in the 2 months since he said it. He is clearly thinking about a farm in and putting in place the finance for the project. If the CFO of a listed company talks about a 10x share event he should expect to deliver it.

[anangf] 10/5/2021 17:10

That 10x comment is looking as foolish now as it sounded at the time. Based on the price action since the comment no one has bought stock so why say it.

[888icb] 10/5/2021 16:53

No contradiction regarding regular news flow. Just look at the project related RNS since last September and you will find that 2/3 months between news is the norm. So based on recent history regular news flow would suggest within the next month so let’s say by the end of May.
You have to remember that deals take time and that the exact timing is not within their control so they are making a rod for their own back to give exact timescales. There is no evidence to suggest that CHAR are slipping on their project timelines.

[brazilnut1] 10/5/2021 16:30

888 you just contradicted yourself. "regular news flow", 2 months ago since anything heard 😅😅😅😅8517; The comparison with RKH is a simple one. Truth is that you can't trust either of the bods to do what they say they will do or the timing of it. e.g.RKH dont know what the word "imminent" means but used it all the time. All conmen on AIM anyway.

[888icb] 10/5/2021 15:34

I don’t think there are any similarities with the situation at RKH. Also you talk of delays of 2 and 4 years. CHAR has been waiting just over 2 months since its last news on the gas project. CHAR under its current board has been a much tighter ship so I think news will land without warning. If it hadn’t been for the promise of regular news flow I don’t think anyone would have any particular worries about a 2 month gap to secure such an important next step for the project.

[brazilnut1] 10/5/2021 15:14

888, I hope it is but I have been thru the same with RKH, “news on FID any day now”, that was 4 years ago, news on arbitration award any day now”, that’s been 2 years now. “Any day now” means nowt, just something we posters like to hear and say to try and keep positive. If it were any day now others would know and the share price wouldn’t be drifting down like it is.