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What? Let's drill another hole! Let's see the colour of the money first, so may prospective Farminee's, money until Q4, but we going to screw the PI's first, and lie through our teeth.
Yes.
But why isn't the potential partner not seduced by this opportunity and thus sealing a deal...is Chariot offering a sweetner?...as clear as mud!
So they place at just above year low on the grounds it "fundraise providing an improved financial position ahead of finalising negotiations..." Really, should of place at least to VWMA100 @ 16p/s if we are indeed "finalising negotiations" .... has to be mates rates, lots of opportunities to place above this pathetic 14p/s in recent weeks. We all know following placing 9/10 times the SP falls below at some point in the near future too.
aimo @ dyor
I may be naive but this looks like it could be good news. This isn't just a raise to see us through to Anchois:
"we are therefore looking to raise funds for a new licence onshore Morocco as we continue to expand our strategic footprint in-country. This licence will give Chariot near-term drilling opportunities with the potential to accelerate Chariot's timeframe to first gas. The acreage shares geological similarities with our offshore assets so we benefit from unique insights on existing 3D seismic and on-block well data and have already high graded targets for a first phase drilling campaign"
Did anyone get this far??
Doesn’t look like Adonis taking any shares this time in offer
Never took the last placing and certainly wont take up this absolute schit show either. I wonder when the Over Subscribed rns will get released 🤥🤥🤥🤥
Guess whoever added £50k at >15p just half hour or so before close will not be too happy either.
like you gooner i said the same thing also and look what happened to the happy clappers now,ffs!!! absolutely utter *******s this and no doubt some ramping clown will come outwith a positive post on the back of it all....😡😡😡😡
Exactly. I topped up today as well. A big part of that was the reassurance that we had enough funds until Q4 and likely we would get partnership financing with a big cash injection before then anyway. There was no hint of a placing in the last RNS on 21st June. Its hard not to feel misled.
Indeed.
And releasing the info AFTER the market closed on a Monday. It's such brilliant news 🤢👿🤬
The BOD have lost my confidence, absolute BS, lied through their teeth. I'm dealing with another AIM outfit who have shafted their PI's, the Char board seem little better. I have a big stake in Char, and now I'll now use it without any attachment to whatever the BOD say in future, should not have trusted any of it.
You can try and square it any way you like, but this BOD have been dishonest toward PI's.
I had a post taken down last week not to trust Adonis as we seen it all before ref Rabat Deep 2018.
I saw it coming unfortunately at pretty much the price I guessed it would.
Not the end the of the world but it certainly does the already poor sentiment no good whatsoever!
What he says👇
Not this time thank you. Fed up with this recurring pattern. Dilute our holding and before too long award shares to bod so that their holdings are not diluted. Thanks but no thanks!
Not what I wanted to see ffs! unless the news is good and mates want in like you say NewKOTB.
It does say among the bulletpoints:
'The Company continues to make good progress on its partnership process for Anchois, with the fundraise providing an improved financial position ahead of finalising negotiations'
Surely, if partnering was so 'competitive', this fundraise woud not be required as any partner should be large enough to invest in onshore licences?!
Chariot told us just 2 weeks ago they had enough money to last until Q4 and hoped that they would do a partnering deal which would involve a cash injection? Something doesn't add up.
So we are close to a deal with multiple parties involved, give us massive cash injection ... really FFS
Oh, unless we are of course and mates want in !!!
WELL THERE IT IS .... just what we expected !!! ffs
🤬
YES. HERE IT IS:
Chariot (AIM: CHAR), the Africa focused transitional energy company, is pleased to announce its intention to undertake a fundraising of approximately US$18 million (£14 million) before expenses by way of a placing (the "Placing") and a direct subscription (the "Subscription") of approximately US$15 million (£11.7 million) in aggregate, and an open offer (the "Open Offer") of up to US$3 million (£2.3 million) (the Placing, Subscription and Open Offer together the "Fundraising"). Pursuant to the Fundraising, it is estimated that the Company will issue approximately 83,705,358 new Ordinary Shares pursuant to the Placing and the Subscription and up to 16,615,421 new Ordinary Shares pursuant to the Open Offer, in each case at an issue price of 14 pence per share (the "Issue Price").
Okay cheers Jimmy, given the forward price of gas and our potential proximity to news KB thinks it's a little strange why we are languishing at these levels, however, If, as you suspect, we will indeed receive news before the Agm in September then the timeframe for it to land is relatively short in the grand scheme of things.
And for the expected reply from the usual suspects, "It is another great top up opportunity" 🤔 ........
KB says fill yer 🥾s😉
Kingbilly,
Yes, I expected that the gas sales agreements would be completed by now. I suspect they are in final form but waiting on the farm out to complete .
Chariot is likely dealing with very large oil companies and it’s not unusual for legal agreements to take months of very detailed work, hopefully to be completed very soon.
Jimmy
Ian that is all totally plausible and sounds like it has come from an investor who has not been on the chariot journey for very long😁
Us LTH's are fully aware that the next RNS is just around the corner and it will be the catalyst🙄