Member Info for BouncyDeadCat

@B4Now - I don't think so. They raised extra money during the placing in December specifically to "finalise negotiations of gas sales agreements and debt financing" which was just 4 months ago and don't forget, they also saved a few million quid on the Anchois1 drill as they had already taken samples and tested the A sands in Anchois2 so didn't need to repeat that again in Anchois1.

So they have enough money to get them to the debt financing stage.

Who knows.

But the Debt financing, CPR report and the remaining offtaker agreements are all interlinked and feed into each other so will need to be worked on simultaneously.

Newsflow on one of the above will cause news to flow on the others pretty quickly after.

Chariot already have an MOU from two institutions keen on buying the bonds to fund this project and now Societe Generale have been appointed to develop the structure of the corporate bond (debt) to sell to these two interested institutions as well as others.

Both ONHMY and the BoD of Chariot have reiterated a few times that they want to pump first gas from Anchois by late 2024 early 2025, which is less than 2 years. So expect things to move quickly from here - which means plenty of newsflow.

Signal. Not noise.

6-8% Corporate bonds to finance the laying of pipes to pump 1Tcf of clean gas with minimal impurities is a relatively safe investment for the banks who participate, especially when there are offtaker contracts already signed because the risk here lies in monetising the asset. Secure future cashflow on the asset (offtaker agreements already signed) and the bonds are a relatively risk-free yield for the banking consortium that paticipates in funding the relatively simple, and relatively quick infrastruture build.

@HenrySinclair
The RNS clearly states that the appointment of Societe Generale is to provide the role of financial advisor to "develop debt funding options for the Anchois gas development".

Trying to insinuate an equity raise from such a statement is just FUD. It's the complete opposite of debt funding.

Exactly LBview.
Ignore the noise and focus on the signal.
Debt financing is likely to be 3-5 year bonds @ 6-8% payout imo.

*owns.

@B4Now When the CEO is also the companies largest shareholder - you're pretty safe from BoD skullduggery.
Beware of the aim CEO with no stock who's on a huge salary.

Adonis knows the value of Anchois and it's why he chose to buy another $1.5 million of stock in December 2021. He now owes 11.54% of the company.

SHC. I cut out all of the noise and just focus on signal.

Some may see that post as rampy but it's just a highlight of the steps in direction which Chariot has taken and continues to take in order to monetise Anchois.

Although I already have a boat load of Chariot, I still continue to buy on the dips for I don't see another stock out there with such a good risk/reward profile.

RR. looks pretty good as a value play over the next 5-10 years (0.6 P/S ratio). But for the next 1-2 years, I personally can't find better value than CHAR out there right now.

DCAing the dips. I bought another good chunk of the dip again yesterday, but probably wasn't greedy enough. This years ISA allowance is all going into Chariot.

The only two reasons I can think of for why Chariot is so undervalued:

1. Unconfirmed quantity of gas. Those of us who have done the research have a good idea of how much gas has been proven at Anchois. But the wider market who hasn't studied the company quite as intently, probably doesn't know (you do need to dig and then piece the information together). There is no headline quantity yet. CPR RNS probably still needed for the herd to arrive.

2. Maybe there's some uncertainty on whether the current Chariot BoD are going able to monetise this huge gas asset. Having said that, the more RNS's like the one that dropped this morning become evermore frequent, the more that kind of residual uncertainty will dissipate.

I think CHAR is going to be a great little performer over the next 1-2 years.

$8 billion gas asset found.

Just 70km from the Maghreb pipeline that feeds Europe.

Morocco hungry for gas.
Europe desperate for gas.

*MOU with key terms of gas offtake already signed with partner (unnamed, but presumably ONHYM) for c.40 mmscf/d, for up to 20 years on a take or pay agreement (Leaving c.30-40 mmscf/d for European market)

*Collaboration Agreement signed with Subsea Integration Alliance for the front-end design, engineering, procurement, construction, installation and operation of the Anchois Gas Development.

and now...

*The appointment of Societe Generale to lead debt financing of the Anchois Gas Project.

It's all coming together and things are starting to speed up.

The stock is still waaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaay undervalued though.

£180 million for an $8 Billion gas asset. $6 Billion net to Chariot. Wow.

Discounted NPV £1.39 per share.

Huge Global Bank & specialists in financing the building of infrastructure within the following sectors:

Oil & Gas
Mining & Metals
Telecom & Broadband

@ 21.5p

The value on offer today is a gift :)

It's 2.27% down due to the wider market selling off this morning. I took advantage of that :)

Thronegames; providing by next quarter they've sort out these operational issues and there are no more skeletons to come re: staff, ESG issues etc then all will be well.

It may drift a bit until then though.

was actually bad.

Maybe take it from the FT..

https://www.ft.com/content/0f6be20d-ccf6-436e-bf25-bba73d2384a7?ftcamp=traffic/partner/feed_headline/us_yahoo/auddev

Some people's inability to think clearly and/or accept certain facts will be their undoing.

BTW... I hold some RIO myself.

You mean those late reported trades. They could have been buys or sells.

If you think anyone posting on a bulletin board that hardly anyone reads is going to effect a FTSE100 stock that trades globally ~ I dunno what to tell you theloanarranger.

The price is going down because the update on operations was pretty poor and the market didn't like it and it's likely to head lower. Simples.

RIO need to prove they've rectified these operational issues come H2.

RIO is going down further over the next few weeks/months.
The US market has just woken up and doesn't like what it sees.

The BoD need to get operations running better in Q2 and prove they have the situation managed correctly.

Those saying this is a good update - I can't believe we have read the same statement!?!

Bought the smallish dip this morning.
If it drops again this week, I'll buy more.

Eyes on the prize:

We have a minimum of $8 billion in gas that is not only easy to get to, it is almost pure in quality it's been found just offshore from a pipeline that pumps directly into Europe.

Valued at a discounted NPV of £1.39 per share if we have 1Tcf or a whole lot more if we have a whole lot more than that ;)

We need the CPR to drop to verify 1Tcf, but if you go through the last 3 or 4 presentations given by the company on what they expected from the B and O sands and what they encountered (which was way more than expected), it's easy to get to 1Tcf in proven gas.

34 mmcfd could be enough to power the current natural gas power stations, but it wouldn't be enough to convert the remainder of Morocco's coal-fired power stations to nat gas.

Morocco's demand for power doubles every 15 years. They also have a very young and growing population.

Spain is also very gas-hungry and will take whatever Morocco doesn't use. The Maghreb pipeline feeds straight into Spain.

Key numbers to watch:

1Tcf reserve
$8 per mcf offtaker sales price
70 million scf per day production rate
= £1.39 SP (valued at a 10% discounted NPV).

If any of the variables above increase then so does the NPV of the project.