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COF that was a false price, much higher than the buy and the sell.
Dear Mr PLo, I don’ t do predictions. However I will safely predict with huge confidence the price in June 24 will be higher than today and the price end of December 24 will be higher still.
Are you actually a Chariot shareholder Mr PLo?
Does anyone know what happened yesterday in the first hour of the day? price went up 10% to 9.50 but didn't register it after it dropped back to 8.6. it was so bizarre.
I've decided I will post this in every day until someone picks it up. Please add me into Telegram group @harryor93
Chariot is over 70% of my entire portfolio and would love daily updates from the community
Uber driver? That's got me thinking. Imagine the rate I could get for rides in my plowmobile over the next few days given the weather forecast...
Theobold: what's your share price prediction for 30 June 2024, and 31 Dec 2024?
I’m a rare poster and must preface the following with stating that I am a very inexperienced investor, especially in AIM and know next to nothing about the workings of the oil and gas exploration market, although I’ve learned a lot from the knowledgable posters in this board. So, with that in mind, a couple of observations. Many posts over the last couple of years have been critical of the BoD for missing deadlines. I don’t see their performance as bad at all. Very few, major engineering projects fail to have delays. Anyone Scottish? Ferguson Marine ferries for Arran? Edinburgh trams? Overruns happen and are to be expected. And then this business of late where a positive RNS seems to trigger a decline in the SP. There must be a LOGICAL reason. The only explanation I can see is that more canny investors than me are gambling (and we’re all gamblers to a greater or lesser degree) that they recognise medium to long term value but sell out a significant fraction of their large holding along with similar minded others in the expectation of a drop and ability to come back at a few percent lower. Risk that may well reap rewards. These are not the iis. I would think the big boys from pension funds and the like will only be interested when it’s almost certain that the gas will come out of the ground be that inshore or offshore. Me, I’m gambling that it will and, if that takes a couple of years, so be it. (Sadly, it will probably still beat the arrival of the ferries). Foregoing may well be nonsense but I’d be interested to see alternative explanations.
The RNS is clear that they are on track for end of Q1 for Loukos. That, and the immanency of the Energen approval, gives you some strong near term fundamentals. On the technicals, it's been trading near its lows and the floor is in imho, especially with the fundamental news that is coming up. Overall, really good risk to reward proposition for what's on offer. But let's see. GLA
Mr PLo , who said 2 drills next month , not me , nor the company.
I believe the wording from them is operations commencing by late Q1.
What a funny guy you are ! LOL..
Yeah such a great opportunity and so material that when they announced the intention to explore Loukas last year, the share price dropped 20%.
2 drills next month? I'll wager you 100,000 shares that won't happen.
Agreed Thebold.
As per Chariot presentation in August, production from existing discoveries at Loukas is expected to be 10mmcf per day. Another 2 drills next month could see that increase to 20-25mmcf per day, roughy $48m net to Chariot per year.
Not that material tho, just 50% of current MCap 🙄😂
Onshore results are extremely relevant and material.
Potential $50-60mm+++ PA cash flow is not material according to Mr PLo ha ha ha LOL.
I would suspect Mr PLO is an Uber driver or a waiter etc, which is fine , however not an industry experienced person at all I would wager. With that he likely does not understand the many dynamics in play.
On Shore Results - EXTREMELY material imo.
DYOR tho.
Yeah agree Gooner. Well there are 2 camps of investors i suppose. Those that are risk adverse and don't want to hold for the drill - they've likely been selling. And then those that like to gamble a bit, especially where there is outsized reward v risk. They will come, but i doubt until much closer to the drill.
Theobold thinks the newsflow that 'will dwarf anything currently on AIM is going to move the sp significantly. I don't. Securing a rig for onshore or random operational updates for offshore is irrelevant, unless the fear is that nothing will ever happen. I don't think that is a realistic fear anymore.
Mrplow. That's my point if that's the point you are making, reference to drills?
Investors not willing to buy into the risk pre drill?
Jeez. I thought I was going to see a quick return on my 0929 purchase last week but at least I gave lowered my average slightly.
Mr PLO. …..ha ha ha LOL.
1. Onshore results (not that material)
2. Offshore results (very material)
3. Whether Energean exercise their option (and subsequently whether FID is taken)
2) won't be until Q3 most likely, so I don't see how the sp will increase greatly until we get close to that.
But there are really only 3 pieces of news that matter this year:
1
Not sure what else Chariot's PR can do?
The story is out there for all investors to digest, there has been progress and there is newsflow?
LW I hope you right about the herd arriving but what price are they waiting for to jump in?
We have been a "bargain" to buy all the way down from the 20's.
Hi LW,
100% agree, the newsflow that is inbound here should theoretically dewarf any on AIM ,certainly this year. The tide has to turn at some stage when investors realise the multiple facet projects massive upside projects all ongoing with frequent PR.
I think Chariot just need to execute on their plans in Morocco, which they are doing. With the newsflow and major events that they have coming up in 2024, buying at these 2 year lows is as close to very high probability (I was going to write "guaranteed") upside as you are likely to get imho. A lot of sellers will have been cleared during this prolonged move down as well, which should make for a stronger run back up when it begins. I don't think it will be trading down here for much longer, especially as we get very close to news landing on the Energen deal and drilling dates at Loukos.
If the drilling goes well, then its hard to see Chariot returning to these levels. After that you have the main event, which is the drilling at Anchois. This is just on the gas side of the business. A bit more patience needed imho.
The herd will arrive when its ready.
Not so sure we can blame the market makers for manipulation as the volume traded wasn't that high, they are just purely making a market🤷♂️
It's quite simple (in my mind anyway, and that is quite a simple place whatever) sentiment is just not here and the market in general doesn't (yet) have confidence in chariot's news flow, can't think why🤔 and for anyone that missed it that was sarcasm.
But this will surely be the year where sentiment does start to change as the jigsaw pieces start to come together, granted it feels a but like groundhog day as a lot of us thought the same last year 🙄
Buy your tickets for the🚂 journey as we'll soon be in double digits (hopefully)😲
Hi Gooner - I think Malcy has dialogue with the Company. Although it is limited as to what he can be told, he will know more than us. But he has no control on the Share Price which is down to the trades and any "manipulation " by the MMs.
As we know sp dropped yesterday after almost reaching 10p last week but even though more sells today it is up 2% - makes no sense. Again. MMs trying to get pi's to sell which is working when you see some comments on here. This is AIM !!
imo for what it is worth !
Malcy has been talking of imminent significant upside in SP on every chariot RNS for as long as I can remember.
The fundamentals are there but his talk of the SP 10 bagging is cheap.
And just like that it's eaten up that bizarre dip from yesterday. Maybe qe will start to see bizarre shifts in the SP that is seen with penny stocks. going against the fundamentals