The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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Only 5 weeks ago, with the confident look about the C.F.O. I think we are ok! Accountants don't look that cheerful when there is bad news about - I'm an Accountant and should know!
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https://www.youtube.com/watch?v=MbraeZR0_es
I think its safe to say with the way its going our next news wont be good reading to say the least! We wouldn't continue to drift if it was going to be something of value. The sp tells its own story,another poor performing day :-(
They raised a lot last year and suspect this will be sufficient but, If they call for cash now that will be awful, why did they not seek further funding when the price was a lot higher, then there's Aim the wild wild west.
That's what I am fearing Gooner but I suppose all will be revealed soon enough when the Final results come out.
I really thought we were about to turn things around in H1 (and still can) but it looks like there is something amiss here, delay on the proposed timeline perhaps?
Another brutal day to wonder the whys and what nots of a falling sp, Char certainly is one for the brave and/or foolhardy
There isn’t any money coming KB so cash position can’t be too strong?
Yeah it's not great at the moment Gooner... And we're apparently on the cusp of some major news and the final results for the year are also due soon. I just wonder what the cash position will be like?
Nick I'd love to try the same but going to hold off for now.
I have used it as a chance to top up a little bit. I hope I don't regret it but suspect I will! We are now almost 6 months on from the Gas Sales Principles being agreed. There MUST be news soon?!
It’s normal service KB. 🤷🏽
Not looking pretty this morning......
Issy don't retire yet on a £1500 investment even if they go up to £1 each!
I did warn you Nick. It was always a big IF that they would even reply.
They treat us PI’s asking any questions as pesky little flies.
The communication really is poor. As you know I emailed the investor relations team at Char last week to clarify if H1 was calendar or financial year and I've not even had the courtesy of an acknowledgement.
The worrying thing for me is we are nearing end of H1 and the sp is declining further. There has been a seller for sometime now and the sp proves that. I fear we may slip into single figures if we have no news soon. Utterly frustrating this now has become.
I'm lagging behind here (just like the sp) but when can CHAR expect to secure a gas sales agreement?
SDX's successful renegotiated sales agreement is fine for them but means nothing to CHAR as we haven't even got one, have we?
Personally, I don't see the declining gas price as the reason for the sp decline but more likely due to no reported progress to FID or anything else. Very disappointing.
Just purchased 10'000 shares, was previously invested at 19p. Lets see where this takes us.
We are dropping even further 🫳.
Very disappointing 😞
Getting a little tiresome all these 'buying opportunities'. although now SDX negotiations are complete that will hopefully move us up the order too ....
aimo & dyor
Good old Malcy 🤡
I thought we were on our way in the 20’s ☹️
Malcy is still quoting that now at £1 (e.g. the 10 bagger), I think the original quote was from Julian Maurice-Williams in a Proactive Interview about 12-18 months ago..
https://www.malcysblog.com/2023/05/oil-price-iog-chariot-zephyr-arrow-sdx-longboat-hurricane-ptal-eme-angus-and-finally/
DYOR
Aw yes Snott. I thought it was AP but it was like a long time ago! 😅
Goon, I think it was JMW in a proactive interview. I can’t remember the date or SP at the time.
Hello all, what might be worth considering is that an possibly influence on the SP is the fall in gas prices.
The market has allocated the price they think Chariot is actually worth with all the gas still in the ground.
No what ifs or maybe taken into consideration: Just the number of shared issued and a fire sale on an potential gas asset, no cash to last a year, no farm in partner and no finance deal announced = this is what we think your potentially worth, all you have is a licence and a discovery.
Note: Irrespective of the real potential once financing, FID and Sanction occurs of course.
So when gas prices slip the gas still not retrieved by Chariot slips too, also does not help that no one is buying as well of course.
Natural Gas prices chart
https://www.macrotrends.net/2478/natural-gas-prices-historical-chart
Just my opinions/ speculations as usual
GLA
Rgds Sft