The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Etana are buying the power from renewable sources and selling it to the commercial/Industry/residential sectors.
Essentially, Etana is to the Hydroelectric plant as Vivo is to Chariot.
If Chariot were to spin this off into a separate business as has been hinted to in the past; what I suspect they would do is roll Etana and the renewables business together into one so that they're able to trade their own excess renewable energy supply, as well as facilitating the trading of other sources they don't own. You can easily see how this could be a very scalable business in its own right, not just in the country of South Africa, but across the entire continent. AP has a wealth of contacts across the whole of Africa.
But first they need to build the business up, hopefully we see a lot more of these trade agreements being announced. The beauty of this business is that it's very low capex.
Good time to buy in. When you consider the newsflow that is to come here in 2024, it is hard to imagine the share price ever returning to these levels again. The difference between now and before is that they finally have a partner for Lixus/Anchois with some key events taking place under that partnership. By Q1 we should have more news on offshore and onshore Morocco.
Sub 10p won't be around for too much longer me thinks.
Folks you need to tune in to all the "imminently" and "shortly's" mentioned in the operational RNS of only a few days ago.
Here is what they said on "Transitional Power"
"o THE ETANA TEAM IS CURRENTLY SECURING MULTIPLE ELECTRICITY OFFTAKE AGREEMENTS WITH A RANGE OF CONSUMERS "
First one announced only this morning.
Any idea what the revenue from this will be?
Nice late trade yesterday
Yes, as posted at close yesterday, this news was discovered by a TG poster at market close, so it was a given RNS this morning.
Etana energy of which we own 49% is starting to look like a cash cow and this will bode well when bundled up with all our other renewable assets in production and near term project commencing , when we hopefully very soon spin renewables out to a separate listed newco and float.. Chariot shareholders would certainly be in line to receive pro rota ( at ? im not sure) shares of newco for every char share held… exciting times coming here for sure..
Looks like our green energy initiatives are starting to bear fruit.
GLA
Coming thick and fast now regular updates throughout the year and beyond
Https://www.voxmarkets.co.uk/rns/announcement/f5c3e6ab-9414-4a5a-809e-89caff62ff29/
True shouldn’t be anywhere near £1 in 2 years well past that
Malcy makes me cry - If Chariot hits anywhere near a quid with 2 years i will wipe my ass with a squirrel outside Buckingham Palace -- [ yes again ]
Me too Goon. I’m keeping my powder dry until Yoda posts, sharpening my knives ready to slice.
Snott. That Ripley fella is my guru 😀
Electricity on SA to business costs 0.083USD per kWh. 195GWh is worth about 16 million USD.
Goon, nobody cares about you buying. We’re all holding on for news from ripley94 to find out whether he has sliced another tranche or abused a turbot in some other deviant manner.
Well done on finding this, possible hat trick of RNs news flow!
Growthpoint Properties signs landmark wind-hydro-solar PPA deal with Etana Energy, with hydroelectricity from Serengeti Energy
Just out……Growthpoint Properties entered into a milestone Power Purchase Agreement (PPA) with Etana Energy for 195GWh of renewable energy a year, representing 32% of its total current annual electricity consumption (612GWhs in FY23). A landmark transaction that validates all our efforts over the past few months. Well done to all the teams at Chariot Limited, H1 Holdings (Pty) Ltd and Growthpoint Properties involved in closing this PPA!
Nicked a few more @ 0929 just for the sheer stress of it all. .
"I’m hoping not like to see us get to first gas" - speak for yourself.
I will derisk a bit on FID if teh price is right. But would certainly hold a substantial amount through to production.
If but most probably when we get a resource upgrade I think we’ll get a couple of cheeky bids coming in for Chariot
I’m hoping not like to see us get to first gas
I think it's a case of accumulating what you can at these levels. Chart looks constructive with the newsflow to come, and only a matter of short time before it breaks above this resistance level.
"Moroccan regulatory approval of the Energean partnership transaction is expected shortly. On completion, US$10 million will be payable to Chariot." Think this will be the firing pistol if it lands before the onshore drilling update? All imo and dyor
Potential circa 50bcf on first 2 targeted onshore wells alone , should give flow rates of circa 10 mmcfd combined ( 5 mmfcd each) ….at$12 mcd this equates to $120-144k per day , each additional mmcf of combined flow equates to additional $12 k per day .
Malcy:Anchois has not been forgotten in all this, the new partner is bedding in, with farm-out completion shortly, and drilling will start later in the year along with the FID. With continued high prices domestically all these developments are increasingly positive for Chariot and I maintain my target price of 100p
According to the data more buys than sells so far today
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