Guess all long term holders could do with some right now... what a blimin joke, so pathetic and depressing does not even warrant an active board ATM... Shut it down, suggest all holders boycott from posting anything until compnay provides clarification on where and what we have invested our money in !
According to my rusty arithmetic, sells have outnumbered buys, over the past week'ish, by about 4:1. Yet the share price has fallen only about 2% with the 'Ask' not dropping at all from 11p. Not sure what I'm highlighting but interesting all the same. If the BoD are still committing themselves to developments in H2 2014, with only 8weeks left, (7, discounting Xmas) then surely there MUST be something in the pipeline. I find it really hard to grasp that they would set themselves up to fail this late in the year.
Woodside probably benefited a lot from buying in to Chariot's Rabat license and seeing its data. Was there any obligation on Woodside's part to offer Chariot the chance to buy a stake in Rabat ultra deep as a result? Could this be the new venture? (I'm guessing not, and that the new venture is with Cairn in Mauritania....)
I know which way round it is. and I don't agree its small %.. right now chars activity relates its MC , that's to say its inactivity . And they are now further on the hook than say 12 months ago when its cash postion was stronger and the commitments to set aside the cash were less onerous.
In any case NAV and takeover value IMO would not be related . (Again for the record no value take over IMO).
It's like saying you have equity in your house . On paper yes but someone has to value it equally for you realise it.
CHARs house needs a bit of Sarah Beenie ;) .. To reach NAV never mind premium.
Of course there is always the possibility they someone could make a low ball offer with a longer term upside for the board... and to hang with the PIs in the process. Seen it happen.
Thx Gster. The mc is a small % of the NAV not the other way around I.e our market cap is way under .. Assets valued at zero by the market .. Any bid would flush out others . My guess is woodside. Clock is ticking on H2 - the company has just put out a presentation showing key milestones completing in H2 - I will believe it when I see it..
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