Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Predator also focused on this market and had prepared economics at $16 mcf
High margin business.
Jimmy
From todays RNS:
“Adonis Pouroulis, Chariot CEO, commented:
"We are delighted to be partnering with Vivo Energy, a company which has an extensive footprint in Morocco and the African continent, to develop and deliver a long-term supply of natural gas across the rapidly growing industrial sector in country.
"Morocco's significant industrial gas demand, which this partnership will supply into, further supports the commercial viability of the Anchois project. This agreement confirms the priority given by Chariot to the Moroccan energy market, expands upon our other existing sales negotiations around future offtakes for the gas from the Anchois gas field and sets out a collaborative partnership with one of the continent's leading energy distributors, as we continue to develop this high margin low risk asset.“
https://otp.tools.investis.com/clients/uk/chariot_ltd/rns/regulatory-story.aspx?cid=351&newsid=1684652
Not the big RNS we are waiting for, but evidence that the pace is picking up and deals being done with big players.
https://www.voxmarkets.co.uk/rns/announcement/4d5843b2-294a-43c6-860d-d2d9387016ac/
Africa energy news article.
State-owned utility Office National de l’Electricité et de l’Eau Potable (Onee) has issued a tender for the construction of a 900MW open cycle gas turbine (OCGT).power plant adjacent to Al-Wahda dam and the Maghreb-Europe Gas Pipeline (GME). The project’s estimated cost is MD6bn ($592m).
DYOR GLA.
There must be some news soon as it has been slow recently and this has affected the share price.All I hope for is some good news on the progress the company is making
Not the best Friday's trading, particularly as it's a Bank Holiday weekend. Nothing obvious to support the recent rise or this weeks fall?
The fickle life of AIM.
GLA
https://www.newpower.info/2023/04/eu-opens-joint-gas-buying-scheme-as-fears-are-raised-over-supplies-for-coming-winter/
A distraction whilst the wait continues. Positive news for anyone with Gas to offer the EU. Shame Chariot won't have Gas to sell yet but bodes well for the future.
To be honest I see the 'silence' as evidence things are progressing. If they were reliant on the share price for capital I would imagine we would be hearing a lot more from them. A competitive farm out process should mean we get a fair industry valuation and their have been reports the farm out process is competitive.
Yes KB I fully agree with that,not to mention a ramper. I have to admit,in all the 14+ years I have been in here I actually was nieve to think the rise last week was going to be the start, silly me. Thats nearly 1 year that we hit 26p and the fact we sit at this price,well for the now is shocking. I call the posts quoting " Updates soon and news to follow " Reality is another long winded jack anory. I honestly think we are going to see some form of dilution soon as ffs the silence is deafening...No doubt we will get another ramper soon with a previous rns to drum up the support, hmmmmm
@Smyth make no mistake about it ICB888 is a trader and as such his posts are to suit his own agenda.
Whilst it is clearly disappointing to see the price drop back it is not really surprising as without news it was never going to hold and we've seen it all before, ideal conditions for the trader's though, just not so good for us LTH's.
But we're still within the time period set out for expected news so hopefully we will see GSA and FID dropping within the next couple of months, not really long to wait in the grand scheme of things given the length of time most of us have been here already.
Jam just over the horizon ;-))
9 consecutive days above 18p was undoubtedly a very positive development showing clear interest from the market. Investors are anticipating further very positive news after the FEED RNS in early March, but the market is now getting impatient. The rise will be resumed as soon as CHAR releases further news. Just a reminder of where this is heading:
“ The 4 analysts offering 12 month price targets for Chariot Ltd have a median target of 54.54, with a high estimate of 62.56 and a low estimate of 49.72. The median estimate represents a 217.43% increase from the last price of 17.18.”
ICB,Yeh defo buy of confidence at 18.5p,they must be sitting extremely happy with that purchase the other day. You clearly have an agenda here... What a joke this is turning into,I have a feeling we are going to get pulled back down into another dilution post:-@
@ICB888 What a difference three days can make....
On the 24th you said "The uptrend remains at the start of a new week. Currently Up 0.5% at 18.8p on volume of 570000. We should see 20p this week as we await news."
And three days later you're saying "It has been encouraging to see the sp back above 18p for several days until yesterdays fall. The market is clearly unhappy that there has been no news for nearly 2 months and the company should remedy that."
Hope you get you're buy in price and we will look forward to you posting about all the big buys again on the way up ;-))
The last news was the FEED RNS on 8th March. In that RNS we were told other work was going on alongside FEED:
“ · In addition to the FEED, other technical work has been progressing in parallel, in the lead up to development sanction, including:
o Environmental, Social Impact Assessment ("ESIA"), for which onshore and offshore environmental baseline surveys ("EBS") have already been conducted;
o Field Development Plan ("FDP") is being finalised by the Lixus joint venture partnership to enable the award of the production concession;
o Development drilling planning is ongoing which can further evaluate the potential of an additional 754 Bcf of 2U prospective gas resources for minimal additional cost. The targets identified have an independently assessed geological chance of success ("Pg") ranging from 49-61%.”
It has been encouraging to see the sp back above 18p for several days until yesterdays fall. The market is clearly unhappy that there has been no news for nearly 2 months and the company should remedy that.
Best quote: 19 Apr 2022 09:41
"The possibility of a fund raise at 20p is approximately zero. CHAR does not currently need extra equity finance and 20p represents a 30% discount to the current share price"
Rgds Sft
"Nice to see our house broker drop the ask and allow almost 1mill share buy in at 18.25p, someone is loading up in this quiet time"
"Highly unlikely to be a sell...."
Well, the price dropped 7% yesterday so there is a seller around. If the house broker goes "on the offer" and sells 1 million shares it likely means he has a sell order from someone he helped buy in. The share price has risen over the last month so traders will take profits. All these reported trades are just that - one side buying the other selling. A skilful broker will try and sell for clients by lowering his offer price and buy by raising his bid price.
The share price was 18p plus in January and 13p in March with no real news and now we have had a bad day after a good up run still on no news. If company is to be believed fid is planned for h1 so only 45 working days to go for this and it's precursor news flow, 17p will hopefully seem very cheap very soon
I'm looking forward to the 20p by the end of the week people were predicting on Monday!
Yeah well let's hope it didn't get pumped up to pay for a placing. If they announce that at 7am tomorrow after today it look very suspect. Interesting to see PRD favour a buyout. CHAR should do the same and give holders a return instead of dilution.
Market is not allocating 18p a share as value, which I do not understand? I was hoping that the April ISA bed & place was going to put us back there and a bit higher? I was tempted to sell my remaining trade account shares on this recent rise then wait for the post April drop to buy again into my ISA but dithered.....my luck i.e. the crucial RNS is posted in between....and as above I thought we may be gaining some positive momentum.
The BoDs value us at 18p "lastest" share place but not markets. I have written to the CHAR investor relations and asked when the BoD's are going to detail the other arm (hydrogen/ renewables) financing and confirm no further share placement and subsequent further dilutions, still think the markets see it that way too???? They kindly replied but only to say all such information is distributed through RNS notifications.
Keeping the faith but a bit confused and questions remaining unanswered by CHAR management.
Remember the "road show" well know ones seems to be getting in early?
Rgds Sft
People are getting fed up with the constant lack of news, when are they gonna release some info
Need some proper news here. Alot of promises and talk from the company but the share price is 9p higher than pre-discovery levels. Poor.
Well it's clearly not looking as if they have been buys now,down over 5%...wtf
Fair comment Pad