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In full agreement NewK. You don't just say “Our shareholders want a 10x share price event and that’s exactly what we intend to provide!” on record unless you have a pretty good idea of what the make up of that would look like and how that will manifest in reality. I'm really surprised at the slow reaction from the market after 2 stonking RNS's. I guess it will take waving actual cash under people's noses before they believe it, such was the hope-dashing fiasco of CHARs bloody past. Personally I don't think CHAR have been in a better position and I am looking forward to seeing how this plays out over time. I'm intrigued by the emphasis JM-W affords to 'new ventures'. AP is also the chair of RBW a very interesting Africa rare earth elements business, mining the metals required for strong permanent magnets (think electric cars, wind turbines, military etc, etc)I can see how that might play into the transition energy space but not sure how that would create the 1+1=3 sum he mentioned.
"“Our shareholders want a 10x share price event and that’s exactly what we intend to provide!”
~ Julian Maurice-Williams
You just don't say that unless significant developments are to follow!..... "
The notable quote to take is the specific multiple of SP ..... you would only be able to quantify that if you knew that our CoH would justify such a quote in the near future, hence force the market to re-rate CHAR.
Incoming farm-out with large cash payment.... :-)
aimo
I can't believe there hasn't been more of a reaction. We jumped up to 13-14p on the back of the expressions of intent. We have had two further positive RNSs and it has been a bit of a damp squib. On the bright side it has extended the opportunity to get in early. I've added 50% to my holding today. Bring on the 10X event!
Cannot believe I missed that!
“Our shareholders want a 10x share price event and that’s exactly what we intend to provide!”
~ Julian Maurice-Williams
You just don't say that unless significant developments are to follow!
“Our shareholders want a 10x share price event and that’s exactly what we intend to provide!”
~ Julian Maurice-Williams
We should get a share price re-rating soon.
Confidence, credibility, contracts, contacts, all coming together, the last time I had such a happy fuzzy feeling for this share was many years ago! Gla
The big unanswered question is...Has Mr Jinx's anus stopped twitching?
It most definitely is ALL coming together. When AP stated 2021 will see some quick fire RNS's he will have known;
A - SLB under discussion / close to signing
B - MOU under discussion / close to signing
C - A+B = Partner secured
D - Partner secured delivers the New Ventures as part of the Farm-in terms (e.g. we swap XX% of Lixus for a stake in a producing asset) or we use the funds received to purchase a new assets. It has to be one or the other. Either way, the confidence that THIS WILL HAPPEN is hugely encouraging!
I think the market is in for a very big surprise the farm-n terms are announced.
What a difference a couple of weeks make
Lots of grumbling about lack of news etc
This is a massive project and things take time to get all parties on board
Patience is key a lot of us have been here many years another one could see a life changing return on our investment
The new man on the ground in Morocco is certainly earning his coin hat off to him and the board
I was very much thinking the same about that interview - a lot of excitement and confidence oozing through him. We should start to move out the recent trading (accumulation?) range/pattern which has lasted months. Definitely looking forward to hearing about the exciting new ventures as well. GLA
Well, I now have some serious love for this guy! Best interview yet! If you are lurking please tune in and listen very carefully.
'Entering period with Lots of news flow, lots of triggers!'
'Progressing project rapidly'
'New venture incoming'
'A key part of a gas dev project like ours, is who is going to buy the gas'
'What this means is we now have official and public Morocco GOV support, which will now lead to further agreements'
'Cannot state how important this is for the company'
'We now have a home for our GAS in morocco'
'Project de-risked financially (expressions of interest), de-risked engineering (SLB on-board) and de-risked from a market prospective (morocco GOV buyer/support)'
'Next 6-12 months - lots of newsflow, lots of triggers. Partnering announcements... New ventures announcement'
An interview with Chariot CFO, Julian Maurice-Williams, on the Gas Market MOU can be found on Proactive Investors.
https://www.proactiveinvestors.co.uk/companies/news/942668/chariot-cfo-julian-maurice-williams-on-the-gas-market-mou-with-ministry-of-industry-in-morocco-942668.html