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Appreciate obvious, point 2 relates to Loukos
Thanks Surfit / Gooner..
When you say long term , I am curious what you think the following may do to the share price
i) The strategic review of Power. Speculation of up to 10p per share.. even if it's worth 2-3p+, it's 20-30% of today's mcap
ii) Finding more gas than expected, combined with a plan to produce by end of the calendar year
iii) Successful drill(s) on Anchois, unclocking over 1TCF and Energean taking up the option with FID in place before end of Calendar year
If all 3 fall into place, let's say by end of this calendar year - October/November/December..
What do you think that's worth... I dont regard that as seriously long term as a timescale..
DYOR/IMHO
"Your points are actually non valid for a non share holder looking to consistently FUD eloquently"
Dear dear me TheBold, how many times do I have to state I own CHAR shares, a reasonable amount in my opinion.
This consistan deflection is very illuminating and I think some readers on here will see through your and other posters attempt to undermine such considerations of why the share price is where it is.
I stress its my opinion ONLY and welcome criticism of the points.
For example
Point 4: if I remember correctly, you previously thought finance would/ could come from the onshore gas reciving customer?
I not having experience or examples on this for of financing took it as an potential option. But as it has not been confirmed by CHAR it remains in the Risk section
point 3: CHAR belive it's possible other wise it would not be drilling, BUT there remains RISK.
ALL below havering degrees of (again IMHO) RISK....
and my point remain maybe the market feels the same.
I am now not going to continue with the ping pong.
POSSIBLE REASONS WHY SP WHERE IT IS.
1. the small amount of cash paid out to aquire i.e, the VERY limited FREE carry: instead we have we have sold for finance ( see 2)
2. possibley the partner, namely the debt presently carried and the ability to obtain finance...this MAY be a factor?????? Comments???
3. potential risk on onshore not being commercial viable I.e.the drilling is to confirm.
4. Finance required to fund to onshore sale
5. To recive the 15m this requires addtional OFFshore drill with confirmed flow rates (correct/incorrect?)
6. Management realisation (RNS) that the have to sell or finance/ understand revenue return on the South African "renewables" folly.
7. Hydrogen venture costs/return/ finance
8. ONshore success REQUIRED to keep the company liquid to get to OFFshore production.
Would the 2x 6% ers will have been in talks with management before and after farm in and not seen / recived what was expected?
Sincerely Sft
M007j - Namibia is best forgotten and thank your lucky stars that they went into Morocco and that you still have a £100 million mcap company still.
They hold a free back in option on the southern blocks , which are right next to the Galp discovery
Can anyone tell me, what happened to the Chariot oil acreage it had in Namibia. I know it had a massive failure in Namibia but then it held onto some acreage which it never explored. Total and Galp have recently made some massive oil discoveries in Namibia.
Hi Surfit, Your points are actually non valid for a non share holder looking to consistently FUD eloquently.
I would suggest your concerns are covered in an email to chariot IR if you really have them.
Sure they will answer them, of course I am sure you would be first to admit , no one should invest, buy or sell due to anything posted in a share forum.
Have a nice day.
Rgds
Bold.
Hi Wimax, I call my recent move, exiting a % of my exposure as damage limitation and an attempt to invest in other opportunities (that may fail of course) cash whilst we wait for the areas of remaining risk to be reduced. .
See previous post
As before I belive my points raised have some validity, and would welcome removal of such.
Kind rgds Sft
Hello TheBold
Thank you for your concerns. I find investing interesting and have time on my hands presently. I hope to continue to learn through the process, by success or failure in such. I use the Risk Assessment process as a away to do so. Its a tool that is used often in OnG. In fact a high level HAZID is the first part of the process on if a project/workscope can actually be aloud to start. Hazards come in the form of financials as well as indury or damage to asset.
I still think a BB and usefull and informative vehicle to discuss such, although there are always some that dislike perceived hazards. If you know the hazards and can see they have been addressed its called a mitigation or removal of a hazard.
As before I belive my points raised have some validity, and would welcome removal of such.
GLA
Rgds Sft
My concern with you Surfit, is that by your own admission you really want your cake and eat it. You are happy for the SP to drop (in the hope that your other “investment” comes in) and you can get back in here. You seem happy to keep spreading seeds of doubt and asking negatively loaded questions in order to help that happen.
Just saying.
Hi surfit,
You contradict yourself , as I know of no one that could have equity/cash/funds tied in to something bringing with it so many concerns , anxiety and clearly stress and worry ,.. it’s not even as though you are locked in and could not exit .. if you indeed still hold here as you say, My advice is to liquidate it all immediately , move on and stop wasting precious minutes of your life ,posting here on something you have the absolute power to control and make easier for yourself.
If you read back the tread, you’ll see I was referring to KAT and not Chariot in my response. Lol.
Onsolid did you mean down 95% in 3 years? That would be saying the sp was £2 -3 years ago. I can only see maximum about 24pence April 2022 ?
I welcome, as Wimax has on occasion, counter points to my risk assessment's. BB's are here for such. But there remains a paranoia they "some" are here to ramp / deramp for gain rather than discussion.
Ref my posts on the: 20 Feb 2024 11:11 and 5 Feb 2024 13:45 where I had replied to both Wimax and Thebold
In relation to some posters to undermine the poster rather than the message, could be regarded as a motive in itself.
My comments and opinions (imho) are valid, but there seems a reluctance to discuss or consider such.
Rather, blame any other factor, it is OF course valid to consider ALL, for example the whole of AIM failing as an investment route "really could" be a factor to CHARS struggles.
BUT
I belive the points I have raised MAY be closer to the mark.
GLA
Rgds Sft
Lol. Thanks Forrest. Any idea why the SP has halved since February, and down 95% in 3 years?
Would that be whilst sealing a deal with a FTSE 250 company to put the financials on a firm footing going forward and $10M instantly deposited in the bank and more at key milestones, the Strategic Review of Transformational Energy which alone is supposedly worth 10p per share itself ongoing and also on the cusp of a land based drill that is significantly derisked by being on the same geology as other success.
You'll probably find as time progresses that there are no sellers as such and that all along it has just been the Market Makers drip feeding Naked Shorted shares onto the market. I.e ones that actually don't physically exist. A perfectly legal prerogative they have in the interests of generating liquidity.
Its a sitting duck for a bid right now as the sum of parts are well in excess of 9p. Hence I hold for that value to be realised.
Thanks Surfit.
That makes sense now 😉
Hi Wimax,
For information: I retain just over X00,000 shares in CHAR.
As stated several times (but I appreciate you may have missed the 2 previous posts informing and confirming (to the bold before) such. I informed the BB I sold a percentage of my holdings, taking a hit, to invest in what I believe to be sooner returns and IF successful would MOST likely reinvest that % which I had with drawn.
Kind regards Sft
Surfit is no longer invested in chariot..This was advised.
Surfit, are you invested in Chariot?
I also agree GP: Wimax raised a valid point regarding AIM.
I suppose we have to consider how many of the AIM company posters on this board have invested in and how many of those are generating an income, let alone a profit.
I am not sure about you comment ", and is largely derisked as an investment"
If it was de risked why sell? If the 2x 6% are exiting it began after the farm in, which (imo) was precived as a poor deal, in particular:
1. the small amount of cash paid out to aquire i.e, the VERY limited FREE carry: instead we have we have sold for finance ( see 2)
2. possibley the partner, namely the debt presently carried and the ability to obtain finance...this MAY be a factor?????? Comments???
3. potential risk on onshore not being commercial viable I.e.the drilling is to confirm.
4. Finance required to fund to onshore sale
5. To recive the 15m this requires addtional OFFshore drill with confirmed flow rates (correct/incorrect?)
6. Management realisation (RNS) that the have to sell or finance/ understand revenue return on the South African "renewables" folly.
7. Hydrogen venture costs/return/ finance
8. ONshore success REQUIRED to keep the company liquid to get to OFFshore production.
Would the 2x 6% ers will have been in talks with management before and after farm in and not seen / recived what was expected?
Addtional comments:
Maybe the days of big free carrys are well gone and financing for OnG projects are gone for such companies like Chariot? Certainly the lagers operators are NOT struggling to finance (or self finance) the ongoing (larger?) projects I.e. GoM, Guyana, Norway etc etc
1x 2023 Example only
https://www.offshore-energy.biz/round-up-major-multi-billion-oil-gas-projects-greenlighted-in-2023/#:~:text=With%20energy%20security%20running%20the,%2C%20OMV%20Petrom%2C%20and%20ADNOC.
It's also intresting how the UK LSE is loosing listing and the US is energy companies have reportedly out done the even the tech stocks
https://theconversation.com/there-are-ways-to-improve-the-london-stock-exchange-crisis-but-theyre-not-pretty-225834#:~:text=The%20LSE%20is%20not%20seeing,decade%20and%2040%25%20since%202008.
Food for thoughts
GLA, best Sft
Good post whimax and your last paragraph is nailed in a nutshell especially the last line which is why I say it's going to be a long road IF we are ever to see any value here imo.
Sorry to hear that FG. I think we’ve all been there over the years, particularly with AIM companies, which was kind of my reason/point in asking the question.
There are lots of people here invested in Chariot (many of whom have been for a very long time, myself included) who, over the past few years have bemoaned the lack of value reflected in the share price. My point in asking, and nobody apart from yourself has responded (and in a somewhat derogatory manner towards KAT) was to highlight that 95%+ of AIM companies are undervalued, not just Chariot. AIM is fundamentally broken, and from my a personal perspective every one I’m invested in has failed to reflect real progress made, and reflect in any way in the share price.
Chariot HAS made real progress, have huge inflection points to look forward to in the coming months, and is largely derisked as an investment, yet the share price has halved in 4 months. It doesn’t seem to make sense, until you look at AIM as whole, then it starts to.
Value will come here eventually, but it’s going to take a change in Comms/PR strategy in the short term and/or 100% confirmation that gas will flow in the medium term. If there’s one thing the market doesn’t ignore, it’s income, profit and dividends.
Whimax. Unfortunately, yes. The CEO (of KAT) spent a few million proofing-up the gold contained in a few Tailings Stacks that didn't actually belong to the company! A criminal act? It seems not?!?
Last chance saloon was a drilling for a Nickel prospect. Scored a duster!!
I believe that the company has a slight chance of striking gold and the Nickel prospect isn't dead yet. Else KAT would be worth £0.00.
I lost circa £28k in that little venture!!!
ATB, FG
Morning Surety.
TBH I’m not seeing much evidence to suggest we still have a seller. The Algo bot is still working this from both sides (but that’s been happening for months so no change there) but the plethora of large 50k, 100k and 200k O Trades, (which were what was dragging us down) that were popping up even 5 minutes (granted there are still 1 or 2) are no longer so prominent.
As far as I’ve been able to tell, apart from yesterday when we actually finished UP, Buys have Outweighed Sell almost every day since the big trades went through last week.
Ironically, it’s possible that as well as clearing the Seller, that block trade might have also cleared a buyer or 2 who were buying at 8.5p(ish) until such times as the transfer was complete and they got their fill.
It’s all supposition of course, but just a different view.