Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
I liked the emphasis Julian placed on 'debt funding' and 'debt finance'. This is important as funding via placing has been Chariot's Achilles heel. I suspect this is being influenced by the fact that Char directors now have a lot more skin in the game. Overall a solid presentation and points nicely to the future.
A lovely find Jimmy. My understanding to date is that the electrolysis element is the most costly in the end to end process of hydrogen/oxygen production. Any advance on PEM separation is of great interest, especially if it does not require precious metals. Could certainly be a good candidate partner for Mauritania. Increased gas prices will significantly improve the relative economics of green hydrogen.
I think well either farm out or get bought out, or at least there will be an attempt to do so by a super-major. Char as it stands is such good value and when the independent report hits the desk, the big players are going to be all over it, especially if Anchois is proved to materially de-risk the rest of the licence and its satellite prospects. Even more so if the larger Rissana licence (8000km²+ including Mohammedia and Kenitra prospects) award is confirmed. Europe is in serious need of a local (relatively) alternative to its 'friends' in the East. Majors have cut back from exploration for a significant period of time and are now hungry for low risk opportunities. From a super-major perspective Char ticks many boxes; conspicuously under valued, exponential room for growth, a ready made market with excellent rates for its product and a transcontinental gas pipeline a few km away. I think the next few months are going to be very interesting and I think AP is right to call this find transformational and to quote him "The Chariot of today is a totally different company to what it was last week". Of course all the attention has been on the gas side of the business, but AP often makes a particular point of emphasising that the other two legs; Solar power/Total Erin and the massive Green Hydrogen project, are equally transformational. Personally I'd like to see the full value that Chariot can aspire to, but I wouldn't be surprised if I hear that an offer has been made for the enterprise around the 50p mark. The question will be will AP go for that or will he want £1+ before he even considers it. Would he sell of the gas business and keep the power business? He seems pretty passionate about the new strategy and I'd like to think he'd want to see that through. I like it when weekdays are as exciting as weekends! IMHO DYOR
Absolutely right. We probably also have to factor in a sizeable chunk of investors that got in at the lows of 2-5p that are sitting on a tidy profit and some will want to take profit off the table or top slice. Either way, once this clears the way forward will be clear for a significant rise. It's a bit boring at the mo as the sp is stuck in a trading range. However below the surface there is a huge swell taking place as new investors displace those moving on. A great time to get in or top up IMHO, especially given the immanent news re Anchois 1, Hydrogen project and Rissana.
The weasel is trying to be clever by making slow SP progress appear to be down to a lack of interest and is using the third day as his timing (usually a micro pull back then before the next step up). In reality there has been huge interest (36M shares bought) and we are currently churning through profit taking from two recent raises, plus people slicing having invested from 2-7p. This will clear soon given the massive inflow of new investors and an RNS is due very soon (maybe Friday/Monday) on results of second well. For those of you that are new here, this character is always up to mind tricks but usually ends up tricking him/herself.
The weasel is trying to be clever by making slow SP progress appear to be down to a lack of interest and is using the third day as his timing (usually a micro pull back then before the next step up). In reality there has been huge interest (36M shares bought) and we are currently churning through profit taking from two recent raises, plus people slicing having invested from 2-7p. This will clear soon given the massive inflow of new investors and an RNS is due very soon (maybe Friday/Monday) on results of second well. For those of you that are new here, this character is always up to mind tricks but usually ends up tricking him/herself.
And so there should be. This stock has been very conservatively valued. I wouldn't be surprised if this wasn't around 40-50p by end March given what is yet to come; Third party verification of resource, Risanna licence, Hydrogen partnership update and interest in derisked surrounding satellites, let alone one or two potential project confirmations on the Total Erin/solar side of the business.
https://images.app.goo.gl/vHFNvi6Pt8qRvwvZ7
Char to the north of Kudu gas field, Shell to the south east
Not yet. This has soooo much further to go. A lot of people cashing in early, plus clearing the overhang from recent placings is keeping the SP in check. Personally I'm not selling a bean. Once those are cleared and the big boys move in, I believe we will see a tremendous rise as more regular news trickles in. I added more at 10p this morning after the initial rise. The results from the first drill to use AP's words were remarkable. In my view the full value of the results are barely priced in, let alone the additional Lixus derisked prospects, as well as the Hydrogen project and other solar initiatives. Nothing wrong with taking a profit, but the real ride has only just started in my view.
Well G, we know who one of them is. Did it last time big style. Ramp and sell, ramp and sell and then disappear, all the time boasting huge holdings, ear of the board and controlling what people can and cannot say. Quite a player.
Hi Shc I sold 25% and left the rest in situ. I’ve been in Char a long time. This is potentially the best position they have been in with a great new strategy. What I don’t appreciate is the big inflated announcements followed by long periods of confidence sapping silence and significant dilutions.
I don't think CHAR would have diluted in the way they did if a reasonable farm-in offer was made. Clearly that offer was not forthcoming, as experts in the field appear to have deemed the prospect either too risky or potentially uncommercial. From comments and public statements prior to the fundraise, that was their stated preference. The story has changed a bit now, but probably to suit the story going forward. Personally I like the story and I hope it bears fruit, but let's not kid ourselves, this is the last punt and a lot is riding on black. I'm not enjoying super-ramping from Wheepo, as we all saw his MO last time.