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Onshore results are extremely relevant and material.
Potential $50-60mm+++ PA cash flow is not material according to Mr PLo ha ha ha LOL.
I would suspect Mr PLO is an Uber driver or a waiter etc, which is fine , however not an industry experienced person at all I would wager. With that he likely does not understand the many dynamics in play.
On Shore Results - EXTREMELY material imo.
DYOR tho.
Yeah agree Gooner. Well there are 2 camps of investors i suppose. Those that are risk adverse and don't want to hold for the drill - they've likely been selling. And then those that like to gamble a bit, especially where there is outsized reward v risk. They will come, but i doubt until much closer to the drill.
Theobold thinks the newsflow that 'will dwarf anything currently on AIM is going to move the sp significantly. I don't. Securing a rig for onshore or random operational updates for offshore is irrelevant, unless the fear is that nothing will ever happen. I don't think that is a realistic fear anymore.
Mrplow. That's my point if that's the point you are making, reference to drills?
Investors not willing to buy into the risk pre drill?
Jeez. I thought I was going to see a quick return on my 0929 purchase last week but at least I gave lowered my average slightly.
Mr PLO. …..ha ha ha LOL.
1. Onshore results (not that material)
2. Offshore results (very material)
3. Whether Energean exercise their option (and subsequently whether FID is taken)
2) won't be until Q3 most likely, so I don't see how the sp will increase greatly until we get close to that.
But there are really only 3 pieces of news that matter this year:
1
Not sure what else Chariot's PR can do?
The story is out there for all investors to digest, there has been progress and there is newsflow?
LW I hope you right about the herd arriving but what price are they waiting for to jump in?
We have been a "bargain" to buy all the way down from the 20's.
Hi LW,
100% agree, the newsflow that is inbound here should theoretically dewarf any on AIM ,certainly this year. The tide has to turn at some stage when investors realise the multiple facet projects massive upside projects all ongoing with frequent PR.
I think Chariot just need to execute on their plans in Morocco, which they are doing. With the newsflow and major events that they have coming up in 2024, buying at these 2 year lows is as close to very high probability (I was going to write "guaranteed") upside as you are likely to get imho. A lot of sellers will have been cleared during this prolonged move down as well, which should make for a stronger run back up when it begins. I don't think it will be trading down here for much longer, especially as we get very close to news landing on the Energen deal and drilling dates at Loukos.
If the drilling goes well, then its hard to see Chariot returning to these levels. After that you have the main event, which is the drilling at Anchois. This is just on the gas side of the business. A bit more patience needed imho.
The herd will arrive when its ready.
Not so sure we can blame the market makers for manipulation as the volume traded wasn't that high, they are just purely making a market🤷♂️
It's quite simple (in my mind anyway, and that is quite a simple place whatever) sentiment is just not here and the market in general doesn't (yet) have confidence in chariot's news flow, can't think why🤔 and for anyone that missed it that was sarcasm.
But this will surely be the year where sentiment does start to change as the jigsaw pieces start to come together, granted it feels a but like groundhog day as a lot of us thought the same last year 🙄
Buy your tickets for the🚂 journey as we'll soon be in double digits (hopefully)😲
Hi Gooner - I think Malcy has dialogue with the Company. Although it is limited as to what he can be told, he will know more than us. But he has no control on the Share Price which is down to the trades and any "manipulation " by the MMs.
As we know sp dropped yesterday after almost reaching 10p last week but even though more sells today it is up 2% - makes no sense. Again. MMs trying to get pi's to sell which is working when you see some comments on here. This is AIM !!
imo for what it is worth !
Malcy has been talking of imminent significant upside in SP on every chariot RNS for as long as I can remember.
The fundamentals are there but his talk of the SP 10 bagging is cheap.
And just like that it's eaten up that bizarre dip from yesterday. Maybe qe will start to see bizarre shifts in the SP that is seen with penny stocks. going against the fundamentals
Hi Wav how did you do on SAR ? - went up to 4 quid from 20p !
What we need from Chariot is some devastating news, then perhaps the share price may rise, as every time an RNS apparently fills in another part of the puzzle the share price crashes........ WTF
They say "history repeats itself" and with another drop in the share price today after another mainly "positive" RNS it has done so once again🤷♂️
When we know the money is coming out of the ground. The first quarter now sounds like April - ¼ of 12 is probably 4. It's like my wife going shopping - 2.00pm "I'll be ½ hour" 7.00pm she returns
Https://www.malcysblog.com/2024/02/oil-price-chariot-serica-predator-and-finally/
"Great news for Chariot as the all important Environmental Impact Assessment is approved and importantly for multiple additional locations which means that the 20 well programme can be very flexible. With this in place and progress continuing at Anchois, Chariot shareholders can be confident that the significant upside which has been on the cards for a while is now approaching swiftly."
Ian. What do you think will give the SP a boost?
Every RNS has been progress but as we speak we are now. @ 878 to sell.
I agree with Surfit in that we won't be moving anywhere fast We can't even hold in the 9's.
The SP is very relevant today as it tells us the market's appetite. No buying no rising.
Surfit ... It's been a huge long wait but things are starting to happen and although sp in doldrums surely not long now b4 it improves.
Hi Inafer/Whimax
It's a gamble for sure, in that I feel that for the time being there are other opportunities "potentially" available within time frames.
I held on for the farm in news and it was not what I was expecting.
I did correctly belive that the onshore was going to be outside of any farm in deal as it was a good move to provide seperate and MUCH needed income to CHAR in a faster time frame, especially when BoDs knew what the farm in deal was going to be and how long it would take offshore to production income.
I, as ever, remain just as cautious on the finance vs cash runway.
Char remains my largest investment BUT feel I must speculate (not with out risk, I am fully aware) to try and recoup (i do not have enough to invest further and average down...again) following the sp fall, which I think will remain around 10p for some time.
In a way i hope I am massively wrong, not in my part transfer in to two other investments but that the char sp regains back to 18p "and beyond"
I may pull more out but will wait and see, the two other investments are almost as speculative but sit in closer return periods ( I hope!).
Then I would return my investments back in.
Could all go Pete Tong and some times it is best to sit it out and be patient, and not get swayed by such movements....its the finances that worry me.
Again I stress its just my take as ever DYOR.
Sincerely GLA.
Rgds Sft
Why everytime a positive RNS is released this falls?
I can't understand the logic.
Whimax...... I hope it doesn't "work out" and Surfit you don't sell too many.
I'd love to know why someone would sell 10 shares for a quid, or even one share for 10p ???? Most deals are so trifling why do they bother?