Chariot Share Discussion Threads

[andonis] 14/10/2020 09:32

Chest is the best for Gold. I have so good to see his fibonacci and counts.

[chestnuts] 12/10/2020 23:50

Invisage

Gold as an inverse head and shoulders and at the moment the price is sat on the neckline and probably will do so for a few days. The price is what i call is in no mans land until the price decides the way its going i favour upwards and the reason is because of the 2nd wave of covid is upon on us and the printing press is warming up again.

[invisage] 12/10/2020 23:41

Where is gold heading next 2 months chestnuts? Thanks

[chestnuts] 12/10/2020 23:25

This chart is gann at its best it reminds me of gold at the top in 2011 the movement on gold was $1886 and the time was 43.428yrs which is the sq root of 1886

Only this time its in reverse ie price movement is 66.219p and the number of days is 4385 which is the sq of 66.219

4385 x 66.219 = 290371.77 divide this by 18.86 = 15396.17

The wave from March 16th when it bottomed at 6.35p and 251 days long

15396 divided by 251 = 61.33 + 6.35 = 67.68



free stock charts from uk.advfn.com

[jotoha2] 12/10/2020 21:32

It's certainly a possibility now that Bottom has been shown the door , news flow essential to get this moving in the right direction , lets get it to 10p first.

[888icb] 12/10/2020 18:39

RE: Simon Thompson - IC (1/2)12 Oct 2020 13:52
(cont...2/2)

Admittedly, the shares are highly speculative, and investors have endured a rollercoaster ride since I included them, at 8.29p, in my 2017 Bargain Shares portfolio. The reason the holding has still produced a 39 per cent return on that entry point is because I subsequently top-sliced two-thirds at 17.5p ('Bargain Shares on a tear', 3 April 2017), thus offering a free ride on the balance before I turned buyer again 18 months ago.

However, if you can stomach the risk, there is undoubtedly material potential upside on offer as highlighted by FinnCap’s risked net asset value of $153.5m (£118m) for the Anchois gas field, a sum equating to 31p a share, or eight times Chariot’s current share price. The point is that any positive newsflow on securing agreements with gas off-takers – the directors describe negotiations as “encouraging” – and securing project finance with institutional lenders, should see shares in the £14m market capitalisation company take off. Speculative buy."

So the possibility of an 8 bagger according to Simon Thompson at Investors Chronicle.

[888icb] 12/10/2020 18:37

Simon Thompson - IC (1/2)12 Oct 2020 13:51
All positive news / tips welcomed and hopefully will stimulate a bit of interest...

"Chariot outlines ESG credentials

Aim-traded shares of Chariot Oil & Gas (CHAR:3.79p) are little changed from when I upgraded my view from run profits to speculative buy (‘Chariot̵7;s North African adventure’, 17 April 2019). However, investor appetite for pure oil and gas exploration and production plays certainly has changed since then. That’s because consumer preferences for energy consumption have shifted dramatically towards more sustainable, clean, renewable and alternative fuel-driven solutions to demand. At the same time, retail and institutional investors now apply environmental, social and governance (ESG) principles to portfolios. Companies that fail to adapt risk becoming irrelevant.

Chariot’s new management team has taken note and the company is now effectively an out-and-out play on the Anchois gas discovery in Morocco, located 40km offshore in 388m-deep water, after taking a hefty impairment charge on assets (Namibia and Brazil) in the interim results. Importantly, Anchois offers the company strong ESG credentials as an enabler of Morocco's aim to transition to renewables and increase the use of gas in power generation. Coal still accounts for two-thirds of the country’s power generation, but gas is a growing component as part of the national strategy to reduce imports and transition to lower-carbon energy.

Bearing this in mind, much of Morocco’s installed power capacity is in the form of underutilised combined cycle gas turbines. Connection into these installed power stations could be achieved through the nearby Mahgreb-Europe gas pipeline, thus enabling Chariot to build a high-performing business supplying a reliable source of cheap energy to the population of a power-hungry, growing economy. The Anchois gasfield is a huge resource to meet this demand as a new independent audit by Netherland Sewell and Associates estimates it has 361bn cubic feet (bcf) of 2C contingent recoverable resources, and 690bcf of 2U prospective resources. It’s commercially viable, too, as highlighted by indicative pricing of $8/mmbtu (power generation) and $10-11/mmbtu (industry) based on other operators in Morocco.

Chariot is currently engaging with potential off-takers both within the domestic Moroccan gas market, and through the Maghreb-Europe pipeline to the European gas market. It is also in discussions with a variety of parties for the provision of development debt finance. House broker FinnCap estimates that $300m to $500m of funding will be required to get the project to first gas. Clearly, signing up European and domestic gas buyers is a pre-requisite for Chariot to raise debt funding. The company has time on its side as it is fully funded through 2021, having cut annual cash overheads by 45 per cent to $2.5m. Closing cash was $5.8m (£4.5m) at end-June 2020.
(cont...)

[jotoha2] 06/10/2020 16:22

Best tell that to Exxon , they are planning a massive return from West Africa .

[jotoha2] 06/10/2020 16:22

Best tell that to Exxon , they are planning a massive return from West Africa .

[andonis] 06/10/2020 15:37

DJI as say thos was botton and this makes a lot in this if you are.

free stock charts from uk.advfn.com

[hsfinch] 06/10/2020 12:51

Very quiet here. New appointment must mean something. He's probably earning half of what Botty was on. And he seems to know about commercialising gas in Africa. Positive news. But there's not a lot of money to be made in African gas. Avoid.

[under the radar] 06/10/2020 12:49

BOR breaking out of triangle now and it’s up 19.7%

465mb of light sweet crude
No debt
Own 100% of acreage
BOD have skin in the game
Quick payback time
Under $35 a barrel costs
Could be a oil rim below Darwin
$2.5m enough to last 2 years
Mkt cap £3m
Potential 1mb total sourounding Darwin
Huge prospects on our acreage
Fairway play

Great news today about PMO merger for all Falkland companies.

Well worth tucking a few away imho


ATB and GL whatever you decide

[pally12] 30/9/2020 16:29

Not a connection just highlighting manipulation going on which normally all deny

[jotoha2] 30/9/2020 16:05

pally , what is the connection with CHAR ?

[f0rl0rn] 29/9/2020 11:45

One thing CHAR is good at is relinquishing license. With all that COVD-19 thing and unstable economy no doubt that's what's going to happen. Big companies preserving cash, cutting on dividends etc etc, why pay millions to CHAR when they can pick those licenses later on for peanuts. As I said in my previous post, CHAR need funds ASAP or they are done

[pally12] 29/9/2020 10:55

I would wait till day is over no doubt will be down on week overall

[jotoha2] 29/9/2020 09:50

Then again they can sell Brazil and Namibia , if they time it well then another £25 million to play with .

[jotoha2] 29/9/2020 09:47

Funding not required short term , if they succeed in finding JV partner quickly then they can raise cash at 50p plus . No JV and this is finished , that is the gamble , ten bagger or bust .

[f0rl0rn] 29/9/2020 09:25

Wow, cash only £4.51 mil equals 1.23 a share, way overpriced.....doesn't look good at all, need fundraising ASAP

[nibble] 29/9/2020 08:59

Looking at H1 results, maybe they'd be better off quitting the O&G business and going into forex trading ;-) Financial Review, p5.

[888icb] 29/9/2020 08:23

Someone likes the report as CHAR straight to the top of the leaderboard Up 14%