Chariot Share Discussion Threads

[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.

[skiboy10] 10/11/2020 07:15

10 November 2020 - KAV

Proposed placing to raise £2,000,000

Kavango Resources plc (LSE:KAV), the exploration company targeting the discovery of world-class mineral deposits in Botswana, is pleased to announce that it has conditionally raised £2,000,000 before expenses by the issue of 72,727,273 New Ordinary Shares in the capital of the Company ("New Ordinary Shares") at a price per share of 2.75 pence.

Michael Foster, Chief Executive Officer of Kavango, commented:

“We are very pleased to have received such strong backing from investors, as we now enter an exciting phase of Kavango’s development. The Company sought to raise a maximum of £2 million and I am happy to report that the placement was over-subscribed.

We are now well funded to pursue our ambitious exploration plans and unlock what we believe is the Kalahari Suture Zone’s (“KSZ”) considerable potential. We have taken great strides over recent years to validate our overall exploration hypothesis that the KSZ is host to one or more large Copper-Nickel-PGM deposits.

Over recent weeks we have continued further analysis of the extensive geological data we have compiled and will announce shortly our highest priority target areas.”

[chestnuts] 10/11/2020 00:27

His that you Dell Boy

[bmwman3] 09/11/2020 20:00

After the COVID hits today this is one of the best investments going atm! Imho

[bmwman3] 09/11/2020 19:58

100% this one of the best investments going at the moment!

[bmwman3] 09/11/2020 17:50

Zak Mir sharetalk 16p target by end of November! Nice!

[888icb] 09/11/2020 10:39

After 2.5 hours trading Up 22% at 13p on volume of 9 million having already hit 14p earlier. A very promising start to the week and still a lot of upside based on the recent comments from Simon Thompson in Investors Chronicle and others.

[babbler] 09/11/2020 10:23

At this rate end of November...

[jotoha2] 09/11/2020 09:44

Small regret top slicing at 10p , greed is not good , 20p by year end very much in place now.

[babbler] 09/11/2020 08:58

No rns. Keeps going I expect.

[w0lf0fwallstreet] 09/11/2020 08:17

Chest nuts my ol Muker how is pineapple1

[anangf] 09/11/2020 07:09

No RNS...pull back today I expect

[richardjohn10] 08/11/2020 17:08

Entry price now, will there be a pull back or not??

[chestnuts] 07/11/2020 12:00

This chart below also shows a target of 47.25

A to B = 46p and 289 days

a to J is 5611 days and 19.75p

5611 divided by 289 = 19.415p

19.415 is .618 of 31.42

The last ratio ie 16 days which started today 7th Nov will hope fully be the most dynamic


Also c to J is 4386 days long and a total movement of 46p.




free stock charts from uk.advfn.com

[888icb] 06/11/2020 18:03

The 400000 reported at the close was a Buy at 10.8p from 9am this morning.
CHAR closed Up 6.5% on volume of 19.6 million. A good end to the week even though it was off the days highs when it looked to be heading for 12p.
Looking forward to next week particularly if we get some further news on the financing.

[pally12] 06/11/2020 17:57

400000 buy at 9.00 reported after hours sure now how manipulate

[jotoha2] 06/11/2020 15:43

Profits going into TRP , expect 30p here once we line up finance .