Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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KB. Good honest post. The thing is stupid ignorant people don’t know they are stupid and ignorant.
To be investing in AIM stocks over a 15 year period making loss after loss just tells you the sort of specs the like wear.
I’m not talking Chariot down but let’s get the deals done instead of “making progress” RNS’s.
“Fast tracking to production” has passed us by now imo, I think it’s more that it hasn’t gone to plan and now it’s a case of staying patient. Fingers crossed.
Whimax I really have little interest in debating with you as you are a duplicitous character. One who never once criticised the Gerbil and despite me asking you several times why you failed to answer on every occasion.
And you continually talk about others being wrong and then proceed to tell untruths yourself. I do not continually post about SP movements, this is, as you would say "simply wrong and misleading"
You also said on the 3rd of May "This is my last post to you, as I’m about to filter you"
Yet here you are trying to start an argument yet again by quoting mistruths about what I am posting, you also posted a derogatory comment aimed at me amongst others yesterday for no apparent reason.
I am sorry your 15 aim shares are not performing but it might be an idea to try and bottle up that frustration rather as taking it out on others who have a different view from the one you have. It's good to have a balanced approach towards your investments as this continued 👏 clapping can come across as being slightly deranged.
Anyway all the best whimax and please hit the filter button, or at the very least try and not post lies in order to start an argument.
It might be an idea to stay away from the JD as it makes you passive aggressive and it's not a good look for a "lady of a certain age."
Over and out
KB
Both statements are equally true and correct, and the time line hasn’t changed since either or this statements were made.
Your infatuation with the micro movements in the SP is ridiculous. When we get the news we are expecting, the price will change. There is nothing you, me or the BoD can do about it until they hit one of the milestones they have set out and announce it.
If the Farm Out news is announced and the price doubles to 30p, will you sell?
I won’t, because the risk is gone and it’s a waiting game again, until it either doubles again on the next milestone announcement, or it drifts back to mid 20’s as people get bored and chase rainbows elsewhere for a while. I have targets, but they’re all significantly higher than 30p.
I dare say you will start another countdown tho, and keep us posted on the SP movements every hour or 2 in the meantime.
Anyway. GL
22 June 2022 Share price 18.50 - Final Results · "Progressing towards production and material cashflows from Anchois as quickly as possible."
21 June 2023 Share price 15.72 Final Results - "Transitional Gas - fast tracking the Anchois development project and unlocking a new gas province in Morocco."
Despite being told we are on the cusp of partnering the share price is 15% lower than it was a year ago🤔
Are we there yet?
"Jam Tomorrow"
Yes, he is wrong, because he says “ Gas project is the only near term cash generator and that is aprox 2 years from realising production and cash flow.”
That’s simply not true. A Farm Out, which we’ve just been told is pretty close, is an obvious “cash generator”.
Nailed it KB 👍
🤡 comes mind
😂
Whiney says to surfit - "You seem to have a pretty negative view Surfit (for whatever reason) and I appreciate there are risks here (as with any AIM investment) but you seem to be (and have been doing so for some time) trying to convince us (or yourself) that nothing will change, with regards the share price, until production begins. That’s simply wrong and misleading imo."
So just because surfit is not a happy👏 he is wrong?
Still not to worry as we still have 5 trading days left in H1 for the "RNS" to drop and failing that we have until the end of the year until we are quite literally penniless, broke, skint, bust, bankrupt call it what you will.....
And the market has so much confidence in the Final Results and the potential partnering process that the share price is actually lower now than it was before the announcement 🤔
But not to worry we must all get on the happy 👏🚃
Class as per usual Surfit, highlighting all the ifs and buts which is why we are unloved and still without anything concrete, Facts are in the SP and without buyers whilst one here gets wet watching AP videos telling about what may be.
I am with you Surfiit as I have said all along that returns for shareholders are not near term which is fine by me. I can wait as my potfoilio without too many AIM stocks isnt too shabby.
Surfit - good post, and I say that as someone who is probably more exposed than he should be. It’s good to have a different perspective to make us think. Your subtle warning did remind me of the statement on the back of a packet of Planters roasted nuts that the packet ‘may contain nuts’. Good read tho’.
Surfit, you say….
“General assessment as per ususal: Gas project is the only near term cash generator and that is aprox 2 years from realising production and cash flow.”
That’s not true at all, because we’ve pretty much just been told that we’ve very close to a Farm Out which will generate significant cash in the near term. This would remove virtually any remaining risk or a further cash call and WILL have a significant positive impact on the SP.
From AP: "......now are in the final stages of a farmout partnering process on Anchois and the Lixus and Rissana licences, which has been a very competitive process."
From DW: " The offers, should they proceed to completion, anticipate that Chariot would retain a material stake in the licences and that there would be an upfront cash consideration. Further, any farmout may provide the financing of the anticipated development capital expenditure to first gas and updates will be provided as soon as possible."
You seem to have a pretty negative view Surfit (for whatever reason) and I appreciate there are risks here (as with any AIM investment) but you seem to be (and have been doing so for some time) trying to convince us (or yourself) that nothing will change, with regards the share price, until production begins. That’s simply wrong and misleading imo.
Good morning Surfit,
You have laid out a strong case for why investors should look elsewhere.
So why are you here ? If you think the CHAR strategy is so wrong there are many other invetsment opportunities.
thanks
AJ
PS: personally as someone in my 5th decade in the oil business I think their strategy is solid
Straight talking there Surfit and I for one appreciate your upmost honest and informative posts. Need I say that wont go down well but hey thanks for that input👏👏
Char will continue to be regarded as a risky investment and largely ignored by the ii's due to comments such as (RNS):
From AP
The Business Opportunity- "As well as FINDING the projects that will provide material supply, another fundamental element is DEVELOPING the technology to enable the transformation and delivery of this energy = No definitive plan and variable costs
We successfully raised US$29.5m in June 2022 to progress the FEED for the Anchois project and for further development of our power portfolio (NO OBVIOUS BLUEPRINT OUTLINED), and I would like to thank the new (WHO WERE THEY) and existing investors that supported this raise."
"Whilst there are risks involved in these early stages, I believe we are leading from the front and reading the direction of travel correctly" = We are not specialists or have any back ground in energy supply but we are going to give it a go but it may fail, so be warned I told you it was risky.
From the CFO
"We are equally enthused by the progress being made in the Transitional Power and Green Hydrogen businesses with a number of world class projects already in the development pipeline as well as further opportunities that stem from our electricity trading platform in South Africa (OKAY ANY CASH GENERATION YOU WISH TO DISCUSS FOR NOW OR FUTURE)
We remain ambitious, to continue with this growth and development across our portfolio, but our priority focus is on getting to cashflow as quickly as possible through the development of our Moroccan assets= YES THATS ESSENTIAL BECAUSE ITS THE ONLY CASH GENERATION OPPORTUNITY AND HOW MUCH WILL BE SIPHONED OFF FOR THE OTHER NON FINANCED "PROJECTS"
General assessment as per ususal: Gas project is the only near term cash generator and that is aprox 2 years from realising production and cash flow.
That's my thoughts on why we will not see the returns that we are hoping for and the shares are not getting bought.
The gas side is the only area that can be costed out and returns calculated against.
No coherent policies in financing their "green ventures"..the new wild west, its all in corrupt Africa and headed up by AP = Let's put our pension portfolio behind CHAR 🤔
GLA
Rgds Sft
Until the results of the negotiations to farm out are published, we can only guess at the numbers. ‘Show me the money,’ as Cuba Mark Gooding Junior said.
After all the apparent great RNS we have been given we are now back to these levels. Its been the time taken to give these updates. With Chariot in all the years I have been invested its pretty much been that way with the length of time taken to get this far with news. I have never said its lies, its the way the market has reacted since all this kicked off over a YEAR ago. I sincerely hope that they are in a position to give us that update that seems like a lifetime away.
Why are we missing something?
All the info we are likely to get has been given.
I don't get why there would be more delay to consider options we've had that already.
Basically your asking if it's all lies?
If the assets are that good it’s a win win for all parties.
Feel a bit more confident after yesterdays “bullish” update.
🤞🤞
As much as I want to believe deals are indeed at an advance stage but as he says multiple companies wanting on board this then lets me believe that we are somewhat months away from this as surely this will take even more time to sit down and go through each one respectively. It pains me to see the drift YET again after what is meant to be positive news. I was hoping that we would have seen a decent rise on the back of how it finished yesterday. Cmon guys we really are missing something here,surely🤔🤔
Not if you’re negotiating with more than one potential partner
I hope a deal will be done but it isn't going to help with negotiations. If you are negotiating with someone who is going to run out of money in October it gives you a huge position of strength.
Gooner, of course so am I. But it kind of feels like the "elephant in the room", perhaps the same one they didn't manage to find back in the day when they were actively hunting for him 🫣😂
Pretty much Nick as I see it.
I’m fully expecting deals to be done though…….
Hi KB. This alarmed me a bit. Are they not effectively saying they will run out of cash in October if no deal is done?!
Wizzard, that would be lovely and the upside is output increasing to 150 from 105 and hopefully chariot will keep more than 25% of anchois, then add in any additional gas from the wider license, this is what keeps me dreaming of good things ahead .....but for now we are stuck at 15p with no one interested in us until things are nailed down and what chariot states is happening is validated by farm in or fid
105 * 8 (12-4 Opex) *340 (days of operating *25% (chariot share) =71.4mil us = £56mil
1 billion share=5.6 p per share. Hopefully in dividends every year.....