George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
I ´m ready to monetize an asset currently valued at US$ 448.000, por 132 million pounds (US$ 168 million)
where do I have to sign?
I can certainly see why it wouldn’t fit your particular narrative, Fernan10 😂
"Stifel thinks the operation, which has four projects generating 515MW of electricity, is worth $132 million, or 10p a share."
"The bank reckons the current roster of assets is worth $32 million (based on a discounted cash flow calculation) and pipeline $100 million."
Which exactly are the four projects currently generating 515 MW of electricity?
The only project that is currently operating is the 15 MW Essakane solar plant in Burkina Faso, where we have a 10% equity interest, valued at US$ 448.000 (note 12 to 2022 Annual Balance Sheet)
A very confusing (or misleading) note from the investment bank, in my oppinion.
Regards
Looks like the market has misunderstood the potential. Smart investors loading up here. Power business worth potentially 10p per share. BUY before this is realized.
If this American Bank values the renewables at 10p a share and 30p a share for the rest of Chariot I wonder why they are not filling their boots while they can buy at under 8 pence?? Same question to the other 4/5 Analysts who value the whole Company at between 40 and 60 pence ?? They can have some of mine too at 25 pence.
Good find AJ, hopefully that will lift us out of the doldrums 😉
I am delighted there is a strategic review underway for the renewables.
Investors will note that despite chariot having several renewable projects in its portfolio which are in operation, chariot does not report any revenue from such source, that’s because the investments are in joint venture companies where majority control lies with total Erin. Hence the profits are not recognised till dividends are paid from the jv company and that will not occur till project debt for such projects is repaid. So although these are good projects, they have a long payback.
That compares with the very short payback from onshore morroco in the loukos licence where payback is likely to be around one year per production well, so better returns for shareholders.
Jimmy
Congrat's Mr. 1st dog of the bridge! Is that your 7000 quid just recorded? Keep buying.....
Moved my average down slightly. I don’t think the seller will let it drop below current levels and plenty of news to come to encourage buying.
Yes, not unsubstantial i would say . Unfortunately the company, assuming being advised by its NOMAD /BROKERS /PR etc have allowed the sentiment and SP to be driven down so low here for such a sustained period , it all seems quite implausible to even consider there being a significant value attributed to the renewable division. That is the stark reality we find ourself in. The company have been so far of the correct strategy path imo, steaming headlong into a grey muddy path the market has no idea where its been going and being driven to it seems, by personal ambition , arrogance , bad advice and quite clearly poor business acumen. The JM we have been trying to promote for for to long has been that of a major independent/ major company with separate financial divisions /cash pools/capex and considerable profits/cash available for promotion and momentum in all these new assets .. ! guess what we have none of that !
What's a small utility company (with its own in-house renewable electricity production capabilities and water treatment facilities) worth in a G20 country that's just opened itself up to the free market?
I'd figure it's a fair amount to the right group.
A quick back-of-the-envelope calculation on what Chariot have already spent on the renewables business to date;
$4.5m in capex (Purchasing of AEMP, ETANA and the water treatment business).
$1.7m in G&A (circa $565k per year).
$6.2m Total.
They've also added a few projects that they tended and won over the last 3 years, so hopefully there's a decent chunk of value that's been added as well.
Or put another way, a £30m offer for renewables arm, gives it a a value equal to 75% of the total value of Gas & Nour combined 😂
I agree BDC.
The current SP is going to look the most ridiculous it’s ever looked if/when Cheriot get an offer for this part of the business.
Every £10m achieved in an offer is worth 1p (ish) of the current SP, so, as an example, a £30m offer (3p per share) leaves 4p in the SP for Nour & Gas 🤣🤣🤣🤣
5 positive RNS in 6 weeks and a tweet of the drill pads being completed and the share price is down. Dependable as ever.
Ajc,
Chariot have spent $5-$10m building the renewables business up.
To only receive $5-$10m for it would be beyond disappointing.
We've hopefully added a degree of value to it over the last 3 years.
The Transitional Power business was a successful start-up by AP, with minimal capital expenditure. With the support of major players, I believe it has the potential to generate 5-10m for Chariot and eliminate the need for further funding. Once the gas starts flowing, the business will become more attractive for potential buyers. It is puzzling why brokers like Stifel are not actively seeking solutions and bringing in more institutional funds given the low valuation of the company.
Sensible RNS today . These small AIm plays need focus and to execute on one value creating strategy . They are not suited to juggling multiple balls . That just gives the management too much wriggle room and leads to dilution as it consumes cash and takes time.
I am here for the Gas pay off. I aminclined to think that the managements confidence in acheiving that has increased hence they can entertain the Strateic Review the out come of which we can all infer.
I am happy with what has been released today
GLALTH
I made AP an offer he couldn´t refuse.
Regards
Fernan, you and surfit been have dinners with AP? ;-)
This is the first step in the right direction.
Green hydrogen next, I hope, as soon as they can prove the economics of the project. Green hydrogen is still way more expensive than other forms of energy, so they need to solve that before spinning it out.
Regards
With the recent power purchase deals I assume we can add more value to that area of the business now. A sale would be a very good outcome. I’m not surprised we want to keep the green hydrogen business.
Blimey whimax even I can see that!
Much more clarity for investors now (larger variety ones I hope)
Just need success on the upcomong drills then we will be up and away!
ALSO, if shifting this part of the business now, generated/freed up say £30m (made up number) over the next year, in terms of cost savings and sale proceeds, and that is equivalent to drilling an addition 10 Onshore Wells at £3m each, wouldn’t that be interesting??
Just saying.