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One of the main catylsts for a decent rise and at least get to the 10's but here we are stumbling and stuttering again.
It really is the long game here but would be nce to see some love today.
Char were imo running low on cash, this is now sorted with the 10m so no need for a raise
Enog deal covers offshore costs and includes some back costs already paid for by char so now we wait for the 2 onshore wells and the 1 or 2 offshore in Q3.... Feeling much more relaxed about my investment today regardless of current very depressed sp
Thats Chariot now set up for decades to come now with the operatorship now taken over by a large FTSE Oiler and Gaser.
10 Mill cash into the coffers and nice further terms with a big fat pay cheque coming their way when the gas starts flowing.
Cracking investment now from here in in (depsite the initial muted reaction), and dirt cheap imvho.
INtention is to a accumulate stage by stage now and be patient.
""That explains the large trades yesterday. SFO or FCA anyone?""
Good luck with that one, seen stuff that is 10 X worse than a bit of a leaky ship and nowt is ever taken to task. Anyway at least we know it is leaky and therefore we also get an early indicator lolol.... good & bad
That explains the large trades yesterday. SFO or FCA anyone?
Fantastic news. Let’s hope this is the start of a new dawn for Chariot. Great to have the Q3 drilling confirmed as well. If yesterday’s high volume is anything to go by we should be off to the races from today. GLA
I think it safe to say the WHOLE of 2024 into early 2025 is going to be ULTRA busy both offshore & onshore, with RNS flow likely to be fast & furious !!! gonna be a fun journey for sure, and has to potentially be one of the busiest minnow oil stocks out there !!!
Well done Chariot, this one is starting to heat up and we should have momentum through to q4
Multiple offshore wells Q3 ….wow..
Great news all systems go regards
Trades have continued to be reported after the close including 800000 buy at 8.98 and 2 small buys at 9.2 and 9.5p. This has increased the volume to 13.7 million which is very high in the absence of a news release. Tomorrow morning should be interesting.
I am somewhat confused by what I also see as a trading pattern. Strange to say the least!
Another 1 million trade has been late reported it immediately followed the 600k and 400k mentioned earlier and at the same price 8.87p so definitely a buy. That takes the volume to 12.5 million. The market clearly thinks news is coming and let’s hope the market is correct.
It was busy into the close taking volume to 11.5 million, closing Up 5.65% at 8.98p.
@B4Now out of interest what discount rate are you using, and what gas sales price? Do you assume Energean exercise the option for the additional 10% in all scenarios?
ICB,
Yep noticed those too, another reason for the pull-back this morning maybe !
09-Apr-24 14:42:47 8.87 600,000 Unknown* 8.73 8.80 53.22k O
09-Apr-24 14:42:07 8.87 400,000 Unknown* 8.73 8.80 35.48k O
Agree, looks to me like buys too and from same entity / person.
atb
aimo & dyor
Good research NK. Reason may not be money oriented, It started with the partnership RNS and after the 7th October.
Well at least we got rid of a lot more of the supply that there is around at the moment. Therefore, hopefully when it does breakout (on news?), there will be less of this selling 'debris' in the way of the next move up.
RNS must surely be days away now?
Sadly, it turned out to be more of a blip than a boom......Maybe Tomorrow 🤷♂️
2 late reported trades from an hour ago 600000 and 400000 both at 8.87 which were buys by reference to trades at the time and indeed now. This takes the volume to 9.4 million which is the highest volume since the 40 million on 7th December 2023.
The metric that I like to focus on is the market cap which is currently about £100m with c1.1bn shares in issue. The max MC was £600m when we had c200m shares i.e £3/sh. My NPV10 calc for Chariots Working Interest based on 150mmscfd and $1Bn of development capital is c£550m or 50p/share - my NPV10 on 100/150/200 mmscfd are 32p/50p/67p. First Production H1 2027
Ouch, got spiked in on my panic top-up after just thinking I wouldn't add more. Atlest Im still in good profit and it wont matter when this is 20p
Some examples of recent trades of this type that exceed the ISA allowance :
14-Mar-24 16:19:06 7.50 1,100,000 Unknown* 7.55 7.68 82.50k O
14-Mar-24 16:19:06 7.50 -1,100,000 Unknown* 7.55 7.68 -82.50k O
22-Feb-24 10:36:58 7.59 -300,000 Unknown* 7.57 7.65 -22.77k O
22-Feb-24 10:36:58 7.59 300,000 Sell* 7.58 7.65 22.77k O
On top of which we still have our pesky 100k seller too !!
aimo & dyor