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If no good news you would buy some a lot lower?
Genius or flawed strategy??
I dont mind missing out. Have enough other opportunities.
Will not buy at these levels. If there will be good news my bad. If not i will be able to buy a lot lower
There has clearly been lots of chariot shares changing handles recently, I truly believe some news is due and news in relation to anchois will get us going. It’s a process every bit of news anchors the share price at a higher value then today’s
No point getting grumpy because you missed the entry below 3.2p that you were hoping for this week Professional? Bite the bullet early next week mate, or you’ll be paying 100% more, rather than just 50%.
GL
Still getting used to this retail crap....but wouldnt be surprised if positivevibes is using this momentum to sell his shares
Otherwise useless to keep reposting old messages.
Only thing we need is something real from the company
Positivevibes...if you want to believe in Santa it's your choice.
They have been saying a lot of things for too long and nothing has happening, don't comeback and say that they just took over, Adonis is the founder of Chariot and the largest single shareholder, so isn't like all this is a surprise for him, so like the post below said.
Goonerpete said it below ...
IT'S ABOUT THE WALK NOW...
That's not what the new CEO has been saying. Since becoming head, the SP has risen, but still not to a respectable valuation. A JV partner for appraisal drill could be announced at anytime now, imo. I believe we could easily be valued at 35 mil mcap Now.
The bigger issue with Char is to clean the horrible image that our previous CEO left.
Of course when they announce what is there next options going forward, that will dictate how quick and how high our share price will go.
I don't expect anything to happen for now due to Covid situation but with some luck we will have a better understanding of the advances by spring of 2021.
In meantime, the wise money will be gradually taking positions .
The wow emoji with stars in it’s eyes on those statements apply here.
It’s all about the walk now ......
Development Plan
· Reservoir and integrated asset modelling completed, Pre-FEED study commissioned and optimised development concept finalised with a major engineering consultancy, with initial reference base case economics highly encouraging
· 70MMscfd base case production rate, equivalent to a power generating potential of c.600MW electricity and with capex reduced c.30% relative to 2019 feasibility study. Work continues to further reduce uncertainties in the range of costs
Gas Market
· Large and growing energy market in Morocco with attractive indicative pricing of US$8/mmbtu in power generation and US$10-11/mmbtu in industry based on public information of other operators in Morocco
· Engagement continues with potential off-takers both within the domestic Moroccan gas market and through the Maghreb-Europe pipeline to potential off-takers in the European gas market
Funding
· Discussions continue with a variety of parties for the provision of development debt finance. The feedback is encouraging and demonstrates the project's fundability and materiality at an institutional level
· An active E&P partnering process is ongoing to fund the appraisal well. New pre-stack depth migration ("PSDM") reprocessed data with material resource upgrade has encouraged further groups to come into the data room
Discussions are ongoing with state electricity company, private power generators and industrial users within the domestic Moroccan gas market and through the Mahgreb-Europe pipeline to potential off-takers in the European gas markets.
In the post period discussions have progressed with a range of interest parties to provide development debt finance. These discussions take into account the estimated capex required to bring the development online, anticipated to be in the region of US$300-500 million, but they also identify Lixus as being an important strategic asset, with strong ESG credentials, that has the potential to help Morocco transition to a low carbon economy, as it seeks to satisfy an anticipated doubling in domestic demand for energy over the next 20 years.
Not ramping, stating the facts. Poised to be a ten bagger +
Little hidden gem for now, any funding news will be massive for our current tiny Mcap. I firmly believe Morocco will be funded soon during these negotiations and when that happens were have a 100mil++ Mcap and be an asset to the country.
last chance saloon if news lands next week this could double or triple on news. market cap compared to project is still small. could see some buying pressure this afternoon.
Love it when CEO’s say “I can’t say too much at the moment” ;-)
That was 6 weeks ago too.
Well, whatever happened in first 7minutes (auction) is being kept secret, as the first trade now showing is a small sell and is after the auction.
Someone loading up here imo.
I can sell at 4.72 . 5p will be broken today as people start to realise the massive potiencial of the position Char are in, and the size of the assets were sitting on.
If the news is stinking we could easily be 20-30p in no time
Market clearly thinks news is imminent and not much left below 5p
2nd day in a row we’ve opened straight into Auction. 7 minute one today. :-)
Could break 5p today not much left to keep it back really. Looking to take some more
Capital Discipline Maintained
· Unaudited cash balance as at 30 June 2020 of US$5.8 million
· No debt or remaining work commitments
· Restructuring in April 2020 brought organisational and other savings to reduce annual cash overheads by c.45%, from US$4.5 million to US$2.5 million
· Key skills retained and operating capability to scale up when appropriate, with prevailing market conditions making preservation of cash an imperative
Cash and no requirements untill we hear back from funding negotiations.
Happy Friday all, with the amount of gas were sitting on 17milmcap is nothing. Looking forward to CHAR being a country mover.
The work the team has undertaken to advance the Anchois project during the period, in what is shaping up to be a multi-Tcf prospective licence area, has served to enhance its commerciality and bring a highly scalable, fundable development opportunity onto the radar of institutional financing. We look forward to further project endorsements and hope to announce more progress in the coming months as the gap narrows between the market's perception of the Company and what management feel is currently a vastly undervalued clean energy investment proposition."
You wish ;) it's rising because people are buying this undervalued opportunity to make a fantastic investment at perfect timing.