Chariot Share Discussion Threads

[invisage] 27/11/2020 21:54

Can't take much notice of Gold price move today as we are in holiday mode in the US



SHG - you kept telling us to buy at 20p....but it is now 13p chesty.

[invisage] 27/11/2020 21:52

chestnuts27 Nov '20 - 16:30 - 38768 of 38771
0 1 0
Well surprised gold went through 1793 next stop could be 1742

[invisage] 24/11/2020 20:25

Chestnuts

When do you think Gold will bounce and from what level?

[anangf] 24/11/2020 20:03

I would take technical analysis over IC all day long. That technical analysis does however pre date the expressions of interest. So there is still hope. There is always hope. That is AIM.

[hsfinch] 24/11/2020 16:24

Well said sir. I'd be happy to read well argued counters. But 'Simon Whottsit at Investors Chronicle rates us a buy' is not convincing me.

[888icb] 24/11/2020 08:40

I will stick with calling it deramping. As you keep repeating yourself I will let others decide by repeating Simon Thompson who has a track record of actually knowing what he is talking about.

Rather than your deramping nonsense I think investors will prefer to read Simon from IC:

Chariot primed for further share price gains

â– Non-binding expression of interest to fund the Anchois gas discovery.

â– 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 companyâ€͐2;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 outcomesâ€T82;, 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 analystsâ€T82; risked net asset value of $153m (£118m) for the Anchois gas field is five times Chariotâ€͐2;s own market capitalisation of £24.5m. Buy.

[hsfinch] 24/11/2020 08:24

Derampers?? As stated in the linked article, Chariot has to drill another well to prove up reserves. That's gonna cost $20-30million. They ain't got that so they need a partner to come in and carry em. It's possible that a player out there sees something nobody else sees and is prepared to gamble on it. They know the position Chariot is in so they might offer a carry on studies, a well and all the rest of the stuff that's required before pressing the investment button in exchange for a majority interest in the license. Let's say that is 51% but it might be more. That leaves Chariot with 24% and the state company with 25%. In the meantime, Chariot has to raise around $75million to pay for its 24% share in the development proper. Good luck with that. You see the problem? Call it de ramping if you want. I call it realism.

[888icb] 23/11/2020 19:35

News is what is required now to get the share moving north again towards 30p. I suspect news is not far away as the derampers on this bb and LSE have been in overdrive for some days now.

[anangf] 23/11/2020 19:25

Read that a while back. Oh well.

[hsfinch] 23/11/2020 13:42

I promised a bit of digging on this pump n dump situation. Here it is: https://www.mees.com/2020/9/11/corporate/morocco-gas-development-dont-hold-your-breath/62206900-f435-11ea-8db4-7f54f7a2aa5aIt's from a couple of months back but confirms that my 6 reasons off the bat weren't far wrong. I've no fiduciary interest here coz I think I've missed the boat on a juicy short. But I will keep an eye on this and the many other 'special situations' in the oilie nethers of our stock markets.

[brazilnut1] 23/11/2020 12:33

So whats happened here ?. No news that I can see to make it fall 40% in last few sessions.

[anangf] 23/11/2020 11:40

Not looking good.

[justtrying1] 23/11/2020 11:30

Finally some reality dose for this rising dog

[hsfinch] 20/11/2020 19:59

If you've doubled your money, why not dump. Coz when folks realise there ain't gonna be a small deep water gas development feeding a country with plenty of alternatives, the share ain't gonna be worth tiddly squat. It's concerning that aim oilies like this can be pumped up to 5 baggers so easily. If you made money, bank it. DYOR.

[f0rl0rn] 20/11/2020 18:02

So many delayed sell coming up, mm's trying to hide them. Someone off loading big time

[pally12] 20/11/2020 11:35

Where's FCA looking into carillion giving out wrong information to shareholders what about reporting of buys and sellsto manipulate share price

[brazilnut1] 20/11/2020 11:14

Ye looks like party over before it got started.

[pally12] 20/11/2020 10:33

Back to square one buys showing as sells

[texaschaser] 19/11/2020 18:07

but mannan say £11bn company lol

[hsfinch] 19/11/2020 12:54

Those things are pretty meaningless. Non binding expression of interest....what's that? It's like me making an appointment with the bank manager to discuss a business idea. He says sure we'd be interested in lending you the dosh. Come back when you've firmed up your plans and I'll be able to outline our terms. As for ongoing discussions with off takers...that's all they can do. Do you want some gas? How much are you willing to pay? Surely these ongoing discussions have been ongoing ever since Botty acquired the license. I've given you 6 reasons right off the bat why the ongoing discussions ain't gonna go anywhere and therefore why there will be no need to take the vague expressions of interest any further. Like I said, I'm doing more digging but I do fear you're gonna be disappointed.

[888icb] 18/11/2020 20:54

Rather than your deramping nonsense I think investors will prefer to read Simon from IC:

Chariot primed for further share price gains

â– Non-binding expression of interest to fund the Anchois gas discovery.

â– 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 companyâ€͐2;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 outcomesâ€T82;, 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 analystsâ€T82; risked net asset value of $153m (£118m) for the Anchois gas field is five times Chariotâ€͐2;s own market capitalisation of £24.5m. Buy.

[hsfinch] 18/11/2020 17:30

1. The world is drowning in gas. 2. There's a gas pipe from Algeria connected to Morocco. Algerian gas is plentiful and cheap. 3. There are fields and prospective fields onshore Morocco which could supply gas cheaper than Chariot. 4. Chariots's gas is in deep offshore waters. It won't be cheap. 5. Morocco favours renewables.6. Lenders don't want to put money into oil & gas. There's six points right off the bat. But I'm doing a bit of digging into this one and Providence as well. Both stocks are grossly over-valued IMHO.