Chariot Share Discussion Threads

[marvelman] 20/9/2023 18:08

Thanks 888.

[brazilnut1] 20/9/2023 17:40

Well done 888, a great effort in your top skill of cutting and pasting. Lets wait and see as this has all happened before, a number of times, big headlines little spike then drips back down again because nobody that matters is interested, yet.

[richie32] 20/9/2023 16:47

"Imminent" is a funny word.

In catering it's 2 minutes.

In the civil service it's 2 years.

On AIM it's somewhere between the two.

I'm prepared to wait for a good deal rather than a rushed, poor deal.

[abbo145] 20/9/2023 16:21

Drk1
Totally agree. Hopefully when the news does come they will disappear, never to return again !!

[drk1] 20/9/2023 15:39

Thanks 888ICB - not sure what I am looking forward to most, the news (when it arrives), or hopefully the departure thereafter of the resident cretins who seem to spend their entire waking days on here.

Either way, last weeks drop to the 11's was an absolute gift. ;-)

[888icb] 20/9/2023 15:06

From the same IC article the analysts are doubling Simon Thompson’s 30p target:
“ End game of Anchois farm-out process

Admittedly, it has taken time to reach this stage, but an imminent 'farm-out' announcement could be a game-changer for shareholders. It would enable the group to recoup some of the $50mn (£39.2mn) spent on the project and materially de-risk its retained interest.

A successful farm-out is likely to be the catalyst for a major re-rating given that Chariot’s market capitalisation of £148mn is less than 25 per cent of Auctus Advisers’ unrisked valuation of $839mn (£676mn) for the Anchois project. The valuation is based on Anchois’ 1C contingent resources of 365bn cubic feet (bcf) and 2C contingent resources of 637bcf. Both Cavendish and Auctus have a 60p per share core net asset value (NAV) valuation, or four times the current share price”

[888icb] 20/9/2023 15:02

IC Article out this afternoon:
Chariot could soon announce a 'game-changing' deal

Shares in an African-focused energy group would easily double on the announcement.

Farm-out in Morocco close to concluding

Drilling on nearby Loukos licence to start early 2024

$19mn equity raise at 14p in July 2023

TThe key take from Chariot’s (CHAR:14.75p) interim results is that the Africa-focused energy group is close to concluding 'farm-out' negotiations on its flagship Anchois gas development project in Morocco.

Around 40 companies are interested and Chariot has received multiple offers from significantly larger exploration and development (E&P) companies. The offers are based on an upfront cash payment and Chariot retaining a material stake in both the offshore Lixus and Rissana licences, in which the Anchois project is based.

Analyst James McCormack at house broker Cavendish believes that “any farm-out may provide the financing of the capital expenditure to first gas, materially reducing the risk of dilution to shareholders”. However, to provide optionality for the project financing, the directors have lined up a debt consortium of European and Moroccan banks with investment bank Societe Generale.

Importantly, the front-end engineering design (FEED) phase of the project has now been completed, and the environmental social impact assessment is close to being finalised for submission to the Moroccan authorities for approval. It means it is nearing the point of the final investment decision.

There is more on the website but note the conclusion:
“ it could easily double on a successful Anchois farm-out. Buy.”

[hsfinch] 20/9/2023 08:36

Double B...I agree that they can't be trusted. But Im sure that a deal will be announced soon. Like I said it won't be stellar. And again, it could fall at the final hurdle if AP and the Julian fella get greedy. I can imagine that tJf has got his beady eye on a pricey sh@g pad in Marbella funded by the deal or his bonus or both...and there aint no wise heads on the BoD either.

[bantamboy] 20/9/2023 05:38

Finchy...
I'm glad to see a rise in the share price for you lads & lassies..
But AP & co are real snakes.. don't ever forget that... they will kill your investment faster than a bullet could.
Enjoy the ride.. BUT.. expect a kick in the teeth at anytime!!
Take your profits while it's still on offer. Chariot haven't proved a single thing yet.. except wasting shareholder money of course..

[hsfinch] 19/9/2023 21:44

If what AP says in that article about the deal structure is anywhere near correct, you're looking at a two bagger from here. Hold on tight but be ready to jump.

[pedigree_scum] 19/9/2023 20:20

Bb you predicting 100p? Big change in sentiment

[bantamboy] 19/9/2023 16:15

Agreed 💯

[pedigree_scum] 19/9/2023 14:26

Nice to see Chariot on the up again

[bantamboy] 19/9/2023 06:55

This is a classic run up to a cash grab raise again.
A silly nonsense rns about a two bob
Kiddy on electricity trading company he wasted shareholders funds on...
Then AP does an interview with a newspaper insinuating great things to come.. but with no real details!
2 big red flags!!!
A cash grab placing is definitely on the cards shortly...
My prediction is we end the year with nearly 2 Billion shares & a share price of around 9p..
A share selling marketing company at its Absolute best. That's chariot for you. Take advantage of this mini rally & sell into it gents.

[hsfinch] 19/9/2023 05:34

Agreed upto a point mate. I think I'm gonna make a profit but it ain't gonna be stellar and I'll need to be quick.

[hsfinch] 19/9/2023 05:31

Socgen are scammers. Money for nothing merchants. The are the top of a pyramid of scammers who cream off tens of millions from their lending operations. If AP aint lying and he's getting s free carry to first gas, he won't need socgen. If AP is lying he's in big trouble. SocGen or no Socgen

[hsfinch] 18/9/2023 18:04

AP in major oilie newspaper promising a partner. If it isn't pretty much nailed on, he's a fool for saying it. So its gonna happen soon. He also suggests a chunk of cash + a carry to first gas + retaining healthy equity. If he aint lying, I reckon we'll see over 20p.

[devilsprofessor] 18/9/2023 12:37

Good news supported by some nice buys. Hopefully it's onward and upward from here!