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Really good to see the progress recently and even better to see the SP triggering news flow. I must admit though I was a bit ticked off this morning as I bought another tranche first thing, when it was at 18.5, but got stuck in pending for 45 minutes and ended up with iii getting me in at 21p. Early bird didn't get the worm, just got the hump LOL. I'm sure in a few weeks 21p will seem like a good entry point.
I also did the fag packet calc and ended up with the same 85p number. Like LB I'd prefer to keep this one going, there's so much potential in this it's not funny.
Google picked on a single delayed trade after closing, from earlier in the day @15.5 and published this as the closing price. In reality the UT was 18.5 as were the bulk of other trades at the end of the day. Hopefully there will be a few more fireworks for the rest of the week. The market dynamics for this share are excellent. I just wish I had got in earlier and bigger.
Hi All
I'm new to this share and dipped my toe in a couple of weeks back. I really liked the clear potential and market dynamics on a number of fronts, as well as the good trend in the SP. All in all I'm very happy to be invested here and hope to drip more in as the business progresses. I have a question I was hoping some of the longer term investors might comment on.
I was quite surprised that the share price didn't respond immediately to the recent positive RNS. It clearly identified meaningful upside in discovered resources. Why do you think that was? Is there a back story I am not aware of? Does the share often display a delayed response due to low market awareness or being off the radar? I'm interested in your views. TIA
Here is the link to his 2021 bucket list
https://www.malcysblog.com/2021/02/oil-stocks-bucket-list/?unapproved=1959&moderation-hash=43ce28f3569937363885b9f90ad9039b#comment-1959
The main takeaways I got were a) Lixus is a strong prospect and has a lot going for it in terms of its proximity to a local energy hungry market and a transcontinental pipeline. b) the data room is buzzing as it becomes increasingly clear that this is a very do-able, profitable project c) the Repsol discovery only penetrated the thin end of the wedge and there are much thicker sections to the reservoirs d) it seems this could be funded by partnering but wouldn't necessarily rule out a raise (unlikely at current prices I would have thought) e). they are serious about new renewables ventures.
No announcements obviously but I don't think they are too far away from one, probably this quarter.
I think AP is a deal maker and that's just what Chariot needs at the moment. I like the fact he's the major shareholder and he has been waiting a long time to see a return. GLA
I disagree PM. I get the sense Risanna is more strategic than operational and won't impact on the current play. I've always valued you approach and thinking, so will bear this in mind as the next few weeks unfold. However, why would Morocco want to slow this down when the market need is so clear and transparent? Why would Morocco hand over control of their coastline if they felt Chariot's MO was to procrastinate? Why would Chariot take on a new licence with associated costs (minimal it's true) when they are already constrained financially, unless there was a bigger game at play? I see your logic, but it appears selective and perhaps there for another purpose.
I agree with everything you say BDC, especially your point about a country handing over the majority of its prospective coastline to a single company. There must be other certainties and agreements taking place behind the scenes to facilitate such trust and Cooperation. This story is shaping up very well and is easily as good as any in its history. The recent RNS has been one of their best. As I said in a previous post, the market missed it as it didn’t conform to the usual SP moving categories. It will though. 2021 is lining up nicely.
The main thing I draw from this is that Anchois is the real deal and must be highly prized to afford it that much protection. I agree with the two previous posters, Majors will now need to make a move if they want in. AP must have developed excellent relationships with Morrocco and ONHYM to have got this over the line. I also like the reiteration of Chariot's full transformation to an energy transition group with the introduction of exciting new ventures
My post got deleted. Really
Here it is again
Possible Classic Weep0 behaviour. Claim a huge amount of shares and direct contact with the board to build cred, then start on a campaign of post removal for posts that are not "on message". If this post gets removed then well....
Let me put my cards on the table. I only have 325299 shares. I have been here since early 2010. I have witnessed many wonderful days of 20%+ rises, as well as shocking unexpected dilutions. Until we see a few more proofs from the board they are trustworthy and on a new track, beware. There is no way Bottomley would have acted alone through all those raises and dilutions without board and the highest exec approval. Indeed it's quite possible he was their delivery boy. They have employed a few wealthy individuals to create the apparency of a re-rate before, only then to announce a significant dilution out of the blue. Are Chariot really sat on a gold mine or are they making it up. Did they really stumble on a Klondike , missed by a major. I'm not sure. It's hard for us general public to know. Are the expressions of interest real, not sure. Personally I hope it's all true as I could really do with recouping my previous losses.