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Sorry if this has been answered but is there a Telegram currently or is this just speculation. I've asked to be added anyway.
@harryor93
Even better time to buy some more Char shares now.
Ian, it might be an even better time this time tomorrow, or the day after, or even the day after that🤷♂️ Chariot just keeps on giving us this amazing chance(s) to keep topping up😔
I'm a long term holder and would like to be added to the Telegram group. Thank you.
@arphk97
Does not seem to have bottomed out yet, must be getting close though by now. Although the seller(s) still seem steady. That's why crossing the 3% threshold and a TR-1 could be instructive as in it shows they may go for a full exit??? But as before they may issue the 3% TR-1 late, FCA is notorious for doing little or nothing to enforce /fine infringements.
Ask the question if any one is on an investment platform that can look back and see the total number sells (indicated) since the farm in RNS date? Anyone?
Hopefully one of our limited institutional investors should declare their exit soon?
I.e. Covelis or Askar Alshinbayev, Westwood investments or Meridian Capital International Fund .
Point of intrest how:
AA and Meridian are tied in together (scroll down to "who owns it now"
https://www.occrp.org/en/paradisepapers/kazakhstans-secret-billionaires.
Ps: Of course AP and Westwood are also tied in together also, but AP added again £60k so Westwood would of course not be selling their 10% controlling influence, AP could loose his Directorship!
For me it's all down to the farm in partner selected (Risk), VERY free limited carry (that has risk protection caveats built in), repayments requirements, does Farm in partner have the development cost financing (risk), will we find ONshore commercial gas (risk), how much cash to develope to production (Risk), if onshore a duster is thier enough cash runway to get to OFFshore production (Risk), Will management spend on the other pillars, what when are the expected return (Risk).
All my own speculations and my personal company risk assessment.
Any bets for the bottom price?
Tr-1: Further more if you consider its been 47 days since the farm in RNS: If the seller has been exiting to the tune of a say a minimum 1 million shares a day at 47million share they (IF a single seller) MUST have passed the 3% TR-1 threshold? So it could be they are delaying on any notification. Speculation only of course. Time will tell.
GLA
Time will tell indeed but painful if you're holding in the meantime.
If it's a decent IR team they're waiting until it's bottomed and getting everything lined up for a counterattack starting with the onshore. Energean said they were hoping for approval of taking over operatorship soon and that point the offshore rig contract can be signed. Seem like a good outfit to me, haven't overpromised on their other N African assets and they've got some bid potential. Wanted Morocco to diversify risk and because of existing pipeline to Europe and very advantageous gas prices.
Doesn't help in the meantime though when nobody wants to buy :)
I am hoping that it's one seller, but it may be several derisking????.
It's intresting that the sp was actually dropping before the RNS, not a lot but it was there.
Yes its been a very painful time, not going into interactive investor to look at my isa account.
It's interesting that you say Energean are waiting for operators approval, I had already checked what the Morrocans had said about the appointment on the RNS, which of course was positive...but do you think there could be some pressure by others in Morroco on who is going to be the operator I.e. An Israeli company????.
They may be holding that back for a while??
Once the selling eases off, hope fully some will see an opportunity, whether its institutional investors and not more of us PI (less risk adverse, if you do not tell the wife, of couse) remains to be seen.
GLA
Hi Surfit,
I expect that there is a time limit for the regulatory approval by the Moroccan authorities. I believe for company mergers a decision has to be made within 60 days. Not sure if it similar for our partnership.
ENOG is a Greek founded company listed in London and Tel Aviv. It's not an Israeli co
Yeah waiting for government approval, they'll be keen and it was shown to them before but it still has to go through the correct procedures. No chance they'll pressure for someone else, they're as desperate for the gas as Chariot are.
Thanks P and J, not sure why I locked onto them being Israeli?! Appreciate the correction, big sigh of relief.
Could someone please add me to the Telegram group if possible. @gft87
I see a prominent and sensible poster in the TG suggesting a 7p raise is imminent, any truth to this?
On the plus side someone is soaking up a hell of a lot of shares today with less damage than you'd expect
Could someone add me to the telegram group please
@lloydystoke
Cheers
Y do you wanna join???? Wanna vote to kick Adonis Out?
No LNG, No Pipes, No Drill Q1, No Confidence.
That group wants my investment gone to none. :(