Member Info for bigguboi

A recession could affect access to credit and share price. But we will probably front run these problems

22%... That's not even close. Simply wallstreet is an AI generated website so I wouldn't put much weight on things you read there. This company is much more valuable than that

I probably won't be posting a lot about off topic things but I'll entertain you Bob. Personally I'm invested in a fertilizer company that has a pretty different way of doing things. Their products are more soil friendly due to lower salinity. They sell a potash replacement that is just as good but healthier for the soil, and they sell it at the same price as normal potash. They are also starting to sell a fertilizer product that has lots of microbes which again is healthy for the soil and also improves yields. Their mining operation doesn't have tailings and they're boosting production and sales every year. Plus they are situated in Brazil which is the best market for fertilizer. Check out Verde Agritech, really stellar business and they're already cash flow positive to boot.

Alright back to Chariot again on my part.

Wow, nice find schlemiel. That's a wealth of information to read over the weekend

I didn't say coal is the future. I said it isn't dead. Y'all think we won't be burning any coal in ten years or what?

On the topic of coal and getting back on track with info more relevant to Chariot, I'd like to remind everybody that Morocco currenctly produces over 50% of their energy from coal, and is looking to replace a large part of that with natgas going into 2040. Natgas demand is slated to 2.5x until then. Chariot's gas is a matter of national importance for Morocco.

Alright SpeedFerret fair enough. Aside from the fact that coal's near term prospects have brightened in Europe recently as even Germany has halted the closure of their coal plants for now in the midst of the energy crisis and Europe is looking to buy coal from as far as Australia(!), you'd think Europe and UK could at least make use of their coal by mining it and shipping it to the global markets. Prices are better than ever and global demand is holding up very well. See https://www.iea.org/data-and-statistics/charts/world-coal-consumption-1978-2020

Coal isn't dead. The price is making new highs and demand is still very strong especially in India and China. Part of the reason Europe is facing an energy crisis is exactly because of these prevailing climate narratives against fossil fuels. Let's be real and face it, we need every form of energy.

I think that's Total's project.

Wress over here proving that he is worth filtering. When he owns shares it's all mindless pumping, when he doesn't own any then the share price will crater. I sincerely hope he doesn't buy any shares and gets left behind.

Also we get to add more shares at a lower price. What's not to like?

It's a very encouraging sign that we have secured a debt arranger before we have the final results. Adonis & co. are moving methodically and steadily and well in advance. Signs of confidence! We know what we have here gentlemen. Sitting tight as usual

And to think just a while ago people were doom & glooming here. Great to see such interest in Chariot. The finance news really lit a fire under investors' behinds!

That's true as well Jimmy, good points. Putin is hell bent on reaching the goals he has laid out and Zelensky is adamant on not complying with those demands. Maybe a diplomatic solution between the two countries is impossible who knows. But I still do not approve of European countries shafting (both the European and Russian) citizens with all these sanctions and using taxpayer money to ship more and more weapons to Ukraine. The quicker the conflict ends the better in my opinion -- no matter who "wins". Human lives and wellbeing are what I would like to see being put first. Why not send more humanitarian aid instead of military aid?

Anyway this isn't a topic I want to discuss here in great length. I don't agree with most of the prevailing views because I'm afraid the current direction will lead to more escalation. Most people feel like that is alright and justified, I will agree to disagree.

Growler, I don't think anything warrants an escalation of an already unnecessary conflict. Instead of shipping more guns and waging more economic warfare Europe and USA should be looking to de-escalate and try to help Ukraine and Russia form a ceasefire, and then hopefully conclude the war via diplomacy. Instead we are on a road to destruction, starting with the economy. Not a popular opinion right now I know but it's one I can call my own.

Moving on... Nice to see the share price hold up well after yesterday's bounce.

Living in Europe is becoming more scary by the day. Our leaders are incompetent and hellbent on waging war against Russia as well as their own citizens. Euro is literal garbage and it's teetering on the edge due to negative interest rates and horrible indebtedness in Italy and Greece especially. So we have war, massive inflation, supply chain annhilation, sovereign debt crisis and encroaching totalitarianism as going concern.

At least Chariot will help me benefit from this mess but hot damn I may not be able to enjoy the profits much if SHTF badly enough.

BDC, don't forget the drilling rigs and onshore processing/storage facilities as well

I'm going to keep using my broker numbers thank you very much. Correct or not they are consistent as well. Matters not to me whether they are half of the true numbers or something like that (that could be the case actually).

Main point is, the average volume is higher.

P.S. my broker numbers must be different than what this site uses

Whimax, according to my broker average volume is 9.37M. Today the volume is 3.10M so far, and has been below 6M pretty consistently for multiple days straight. That's lower than average volume to me. But I digress. Rationalizing share price moves is a fool's errand sometimes. I'll just sit back and add shares once I get some cash again.