The world has moved on since CHAR drew up its roadmap. Oil is below $75 today, exploration budgets are being cut back and rigs are already starting to lie idle. Securing a Tier 2 partner is not a matter of working through a series of set tasks with a guaranteed end result. It also takes a willing partner to come on board.
At the moment I think CHAR's fate has more to do with Cairn and Woodside BoDs' commitment to their exploration budgets than the CHAR BoD's performance.
Char have missed so many roadmap promises that the market no longer believes anything they say. I bet Malcy and Ben thought Namibia centrals were about to be tier 2 slam dunk when we had a 'hurrah the clock has started all over again'. Sure some co was trying to screw them over on a negotiation and Larry's hand is stronger but that is cold comfort when all the shareholders have been ****ed in the ... Well the last month of H2 starts next week and they have all those promises on their 'fact' sheet waiting to happen this H2. Feels like de ja vu all over again ...
You've been here a long time mate. Have you ever seen such a lack of interest in the stock?
Can't remember such a low volume of shares traded and such an apparent lack of interest. If the institutions that bought in @ 15p were happy, then surely they'd take some more at the recent discounted price of 11p!
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