Member Info for BouncyDeadCat

Just been looking for what renewable power businesses are going for.

Neoen is a massive renewable power (solar & wind) business and it has a 20GW portfolio of renewable power under development, with only 8GW of it currently built. It's currently being bought out by Brookfield for (€6.1 Billion) $6.6 Billion. If we compare that to Chariot's portfolio, which is much smaller at 515MW or 0.515GW, it is 1/40th the size of Neoen.

Now I'm not saying Chariot's renewable business will be valued at 1/40th the value of Neoen at $165m, just that it should have a decent amount of value ascribed to it. Probably need to apply an African discount to the business, but could be getting on to be worth something in the region of $50m maybe? Thoughts?

https://neoen.com/en/news/2024/brookfield-enters-into-exclusive-negotiations-with-impala-and-other-shareholders-to-acquire-a-majority-stake-in-neoen-and-launch-a-mandatory-tender-offer-for-100-of-the-company/

Https://www.moroccoworldnews.com/2024/06/363176/chariot-advances-key-energy-projects-in-morocco-and-africa-eyes-near-term-cash-flows

Not condoning anything, I just don't want to read irrelevant garbage on here. Either from him or you.

If the Thebold starts the spat up again, hopefully people will report his posts the same as they did yours and we'll be free of it.

Please don't put up the conversation or continue with this nonsense. Nobody else is interested. May I recommend you arrange a meeting in a pub car park and sort your differences out there rather than here.

It is a critical time for Chariot and people reading this board would rather garner information about the company than read about your spat.

The moroccan gas assets are the jewels in Chariots crown and they are worth a hell of a lot more than £76m (the market cap of Chariot). Worst case scenario, even with no cash in the bank, Chariots 30% stake in Anchois could be sold off for 3-4x the current market cap and returned to shareholders if 1Tcf is proven up during the drill in Aug.

It's frustrating the CFO let the cash position get to this point and cause panic in the SP, but big-picture, come-what-may, the company is sitting on a very valuable asset in Anchois.

I wish the PRD investors all the best with their investment as I do CHAR investors, but please can we leave out the cross-over fighting. Nobody is interested in that.

Sideshow bob,

My mistake, skim-reading posts whilst on the train, thought Mick was referring to the ENOG shares CHAR will be receiving post FID if/when ENOG elect to take the extra 10% of Anchois.

Starbanker,

I'm allegic to BS and there has been a lot of it around the last two days. Not just from anons, but also from the company which has done a terrible job of managing the companies finances. We all knew 6 months ago that expanding the renewables business was going to stretch us too thin yet they went ahead with it anyway and now they've run out of cash. Go figure. Hopefully they can sell the renewables business for more than they've spent on it, but... who knows.

$400m in ENOG stock will only come if/when ENOG take the additional 10% post FID.

Problem is, you can't borrow against what you haven't yet got.

Oh, what a tangled web we weave when first we practice to deceive.

Regardless of anons making bold claims here, in Telegram or anywhere else, the current situation isn't looking as good as it was for Chariot since we learned of their current cash position. All is not lost, but I do think it makes things more difficult for them to manage. Short term funding is not currently in place, therefore they have not mitigated the issue. No matter how some shareholders are trying to spin it that there is nothing to see hear, the market is worried about going concern which hasn't yet been resolved by the company.

I don't think many people take much credence in the heresay approach & they certainly shouldn't believe in trust me, I speak with company insiders everyday anons.

Thebold,

Jimmy specifically mentioned the person in Telegram and you guaranteed this person 100% bona fide. How did you know the person Jimmy was referring too if you aren't on Telegram? I think someone is telling porkie pies.

From the full year annual report:

"Over the forecast period the Group estimates a gross $6.5 million outflow in respect of the transitional gas overhead and other related costs before any recovery of development costs from joint venture partners".

However, two paragraphs above it states;

"Further interim period cost amounts have also been received by the Group from Energean in relation to costs paid by Chariot on the gas development between the December 2023 agreement signature and completion in April 2024. Following completion, Chariot staff have been seconded under a services agreement to the Anchois East drilling project, which provides a monthly recovery of their cost."

Thebold,

So you 100% guarantee a claim made in a Telegram group that you aren't even a member of?

Okay.

Thebold,

Forgive me for not believing in your 100% bona fide claim.

Jimmy,

The fact that there has not been a placing does not mean this anon on Telegram has confirmed the reasoning with AP directly. Correlation does not imply causation. Just be careful not to rely on such people making such claims.

Jimmy,

I wouldn't believe a word anyone says in that Telegram group, especially the ones who claim to have daily chats with AP.

Legalwolf,

It may not be a placing. A sale or divestment (part-sale) of the renewables business is just as likely a source of funds, maybe even more so since the 'strategic review' got underway.

Bridgedog,

The 2nd drill (Dartois) was a discovery. The question; if or how commercial is it? Flow testing is underway to find out.