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I'll come back in a couple of weeks when the drilling results should be close.
AJ
Now think about the 'structure' of the Anchois DEAL, ....
Now think about the 'structure' of the Anchois and timing of the Loukos award/placing in the context of a buyout. Nothing to add other than the way our SP has been managed since the deal is weird and speaks for itself imo.
aimo & dyor
Exactamundo part two !
Kiss n' - The CEO wouldn't have to sell out if he was part of a management buy-out
Gardie - Hargreaves and Interactive etc will be a combination of those many investors using their services so does not tell us much
Chariot has some of the best acreage in the world with total Erin in Mauritania, to generate low cost electricity.
However , the cost of electroylsers still makes the cost of green hydrogen too expensive.
That’s about to change with a new technology published in nature that’s 98% efficient in generating hydrogen, see
https://www.nature.com/articles/s41467-022-28953-x
Might be value in the hydrogen after all.
Jimmy
Ianfer, I just added up the list of 'significant shareholders' from the CHAR website
Our CEO won't sell out for 25p per share. No chance.
LW,
Wait for Loukos, most definitely as for Anchois not a chance, a move will be made before.
For circa £250m (~25p/s) the sum of the part will far outweigh the t/o price imo.
aimo & dyor
If there is a consortium, presumably they would want to know the outcome of the Loukos drilling which will likely have an impact on the value of the company. Would they also want to wait for Anchois drilling and FID?
Don’t believe AP is behind that, as CEO he has duty of care to protect SP and shareholders ( yes I know laughable on AIM) however if it were proven he was a part of a consortia looking for a low ball TO of Chariot and it was in that consortia’s best interest to drive SP down to enable this, then he would have a class lawsuit on him pretty quickly I would imagine.
Ianfer,
Exactamundo ... although I also think the approach was real and this is what spurred things along.
atb
aimo & dyor
Gardie, where do you get your 60.87% from ??
.... buy-out at .... less than 25p. More chance of success than when the sp was 20p
Thebold - seen it all b4. BOD can say what they want. The cleaner could have offered 2p a share and AP wouldn't be lying to say there was an offer he turned down. There may have been or may not have been, but AP knows more than he is letting on. He controls about 9% and he could be part of a consortium bid when various others have picked up enough, hoping to go for a buy-out at
I can't understand why the board would not even mention the bid price to the shareholders? Also, the list of big shareholders now tops 60% (60.87) - does anyone happen to know if this number is bigger than the last update from 31st Dec?
Remember SP was circa 15-16 pence at time of dec RNS re ENOG partnership.. just how much was offered i wonder, which it seems was rebutted by the board without even putting to shareholders !
Snott,
This is AIM remember.
I expressed my thoughts on who the ‘consortium’ maybe a few weeks ago, but yes, a T/O with such a lot to offer in terms of both off and onshore plays and a respected partner too has to be in the running now, esp after we have already had an approach that was rebuffed.
aimo & dyor
Snotty - Well I think that is what I suggested a couple of weeks ago may be going on. Something is going on !!
If you wanted to take over Chariot on the cheap, would it not be worth first selling a shed load of shares to drive down sentiment and soften up Pi’s for a low-ball offer? Could the ‘consortium’ coordinate such a fiendish plan?
HBR RNS this morning announced a 'Significant gas discovery' and their partner, Mubadala quoted, " With potential for over 2 TCF of gas-in-place, this positions the Andaman area as one of the world’s most important gas plays...", now remind me how many TCF's could we end up with !!!
aimo & dyor
Hi Jagua, any initial well results are material sensitive news, i would have thought.
I think the 41m was bought up by a consortium of buyers of which AA was one, the 18m he bought has been declared, the other 23m probably doesn't need to be as won't have pushed the buyers over the tr1s threshold
Drill is doing its thing.... Big question is now when will Chariot RNs results...it could be earliest asap after 1st drill or latest after both drills complete and results assessed, thoughts??
I remember some weeks ago we had a reported 40 Million buy, although we only got the last RNS for 18 Million, so assuming that this also has still to be disclosed? Or indeed is part of the said buy and further update still to be announced.