Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Snott - I'll try not to drink as much as Amy as it snott a good idea. (although some may say I'm getting closer!) and keep off drugs that Hendrix and Joplin took. You did some research on that!
My twin Daughters were born on 27th, 40yrs ago. That was a good day when I did drink a fair amount of Champers.
...Twenty-seven is the only positive whole number that is exactly three times the sum of its digits: 2 + 7 = 9 and 9 x 3 = 27. It's also a perfect cube, 33 = 3 x 3 x 3 = 27, and it's equal to the sum of the digits from two to seven, 2 + 3 + 4 + 5 + 6 + 7 = 27.
I haven't yet managed to sink all the colours at one visit to snooker table, but that would give 27. I am playing later this week.
Maybe Chariot will hit 27p this week?
Ianfer, 27 wasn’t at all lucky for Jimmy Hendrix, Janis Joplin or Amy Winehouse.
Agree TotalE v likely, but wouldn't rule out ENI (already active in Morocco) or possibly an outsider with designs on Europe supply...
Let's hope next week might bring some good news!
Hey NorViking,
I am guessing (and really hoping) TotalEnergies remain the firm favourite.
Gas is a good energy transfer medium and significant expertise in new field development (West of Shetland and build of Shetland gas plant as a UK example), they have *presence in the country with petrol stations and renewable aspirations , they already have a relationship with Chariot in project Nour.
* https://totalenergies.com/morocco
Fingers crossed on a pivotal farm in RNS this year.
Rgds Sft
Sunfit - I agree with that assessement. If CHAR goes it alone on the onshore, it would have to eventually raise financing for all the production & development costs, so it makes a lot of sense to aim to get a big player on board now, and eliminate another cost-raise in future.
I just keep thinking of what would be the ideal for a partner, in particular a big oillie?
Haha thanks for correcting me RSS - I had been on the whisky!
Hi NorViking,
Thank you for the conformation, I think it was you then that posted such before.
You could be right regarding tie-ing it in with the offshore development and this would probably encompass the exploration costs, or part of it, then we have to look at the all the further addtional costs and steps to get ONshore to production: Drilling, testing CPR, FEED, environmentals, FID, Sanction, equipment procurement, contractors, development etc etc) which has not been covered in the most recent raise and would need FURTHER investment.
So in balance its going to be the most cost effective way, is to group everything?
Everything being Anchois development, exploration of Lixus AND maybe the South of Rissana? AND now onshore?
I was leaning towards the onshore being Chariots own enterprise (seperate income stream) but as time goes by and considering Chariots cash runway you are probably right.
Rgds Sft
Of positivity/happy clapping this weekend but sadly however it has all been tried before and to no avail. The only ting that has the potential to move the share price northwards is that long awaited RNS.
But we mustn't fret as news is just around the corner 🤷♂️
Jam tomorrow🥱
Even when the "RNS" lands I question some of the figures being quoted here, but obviously KB is no expert, but time will tell.
Will it even break the 18p mark???
Portsmouth mate :)
Sunfit - I was at the AGM and this was a quip made by Adonis...as I recall (and it's just my recall so I could be wrong) questions from the floor at the time centred on why/when a partnership deal would be announced. Bear in mind that the quip may have been said in jest, or not!
Indeed, the onshore was necessary, as Char needed the cash...but looking at all of the assets today, if a big E&P player is in the mix, why would they only want Anchois and not a piece of the onshore, which could be a revenue source before Anchois? My gut is that it will be part of the package when a deal is announced.
Here's hoping ...:)
27th Monday
27 is a good number
My Blackpool just beat Plymouth, top of Division 1 until thrashed by Blackpool today. Plymouth had previously not been beaten for guess what.... 27 games !!
Ianfer, it touched a whisker from 27p in April of last year....sentiment is still good here. It's when sentiment is wrecked, that price struggles even on good news.
Expecting news and day now.
...interesting choice of word "easily" double.....
Chariot could soon announce a 'game-changing' deal
Shares in an African-focused energy group would easily double on the announcement
September 20, 2023
by Simon Thompson
Farm-out in Morocco close to concluding
Drilling on nearby Loukos licence to start early 2024
$19mn equity raise at 14p in July 2023
The 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.....
Touched 28p intra day 25th March 2014 - should beat that eventually
20k on this 26.7p will be broken. Avg 19.6p 📈🥂🚀 all the best LTH's.
Hi NorViking, just for clarity are you saying that YOU actually heard AP say that the onshore licence (unproven gas field) was the reason why there is a delay? Or is this something that another had posted?
My thoughts have been that CHAR were going to exclude the recent (surprise) onshore licence announcement and speculative exploration (resulting in further share placement and further dilution) from the confirmed offshore find, so as to provide a seperate income revenue to support (not enough to fund) their other 2x "pillers" that continue to drain the remaining company bank balance!
Ps not forgetting they needed the last share placement to stop from running out of with in a limited time frame.
I still see the conformation (signed contracts) for the price to be paid on gas supply as the sticking point, as before, once that has been agreed and signed there is a legal requirement to issue a RNS.
Without knowing that; then financing / farm out can not proceed? I.e. partners cannot calculate investment vs return?
Ps: the 2nd RNS being the farm in also needs to provide sufficient runway cash to keep us liquid for 2 years ( offshore production, possibly not onshore production).
IMO.
Rgds Sft
Smyth, what sort of mendacious half-wit would make a mistake like that?
Spondulicks, didnt you post that exactly same word for word on Monday night? Well under a different name👀👀👀
Agree, Ian. What partner wouldn't want to take a share of the onshore potential!
Good thinking Norseman. Char maybe trying to include On-Shore in the deal and give away a smaller %. Whatever they are talking about, the On-Shore will surely be a plus for shareholders. Also a good size Partner may be able to act more quickly re On-Shore allowing Char more leeway with finances.
I recall Adonis saying at the AGM that 'Duncan keeps finding more gas' (or word to that effect), as being one of the reasons why no partnership deal had been announced. Currently, CHAR is pursuing its onshore plans alone, but how would a potential partner view this - something they would want to be a part of, or happy to et CHAR get to 1st gas before Anchois?...is this the last item to be sorted?...all food for thought!
From someone's previous post a few days ago ...... regarding 2 outstanding Government approvals. There aren’t any outstanding because the EIA was the last one and gave the green light for Anchois. They are clear to conclude the deal with the partner and the financiers, those are the items we are waiting for.
Next week looks good?