Member Info for Bridgedogg1

Will chariot be incurring any costs on the drill?

Good update but giving away 20% of the company on annual share awards is a bit much

Here we go, buys piling in now

As soon as the move is up and running Camnex will convert all of the o/s payments into shares, that will give them most of the company.

The net proceeds of the Capital Raising will primarily be used to complete and put Heron-1 on production, drill, complete Heron-2 and put on production, drill the Gobi-Bear 1 exploration well and develop renewable energy projects.

Nothing more required. Let’s just do it this time.

Must be fun working for these companies, travelling all over, hotel stays and free lunches

In the end the high interest rates offset the FX issues which shouldn’t reoccur. Interesting to see the impact of the EU license. Announcement on US license would also be welcome. Indications of dividend / buyback in the Q3 update last year didn’t materialise into anything in full year but maybe this year?

-longer-term potential to become a US Dollar clearing institution, which could greatly increase volumes into emerging markets.

-continues to generate significant free cash flow, which will be used to invest in the business and reward shareholders going forward.

“The 2009-built sixth-generation harsh environment dual-activity dynamically positioned (DP3) drillship is scheduled to start drilling the Anchois East appraisal well in the third quarter of 2024 and undertake a drill stem test on the main gas-containing sands, targeting an additional 11 billion cubic meters (bcm) of gross unrisked prospective resource”……?????????

“Rumour” = short terms looking for a quick exit

Yes there wont be any figures, last year they said "The Company confirms that both First Half 2023 performance and current trading remain in-line with management expectations. Full information will be provided on 13 September 2023."

Just some of my research notes to put up here for my reference and if anyone is interested.

Q4 2023 -XAF & XOF interventions impacted profit.

Naira income was down in 2023 to £18 million (2022: £27.5 million), with £15.2 million of this coming in the first half.

Net interest income from cash management delivered £31.7. Continues to be supported by high interest rates

Dependence on Naira removed - reduce to 7% of transactional income

The global cross-border payments market is over $200tn in flows.

Roughly $8tn of these flow into emerging market countries.

Roughly 20% of this is flows into and out of countries where we focus, our Target Addressable Market,

CAB Payments flows are between 1% and 2% of the flows into these markets.

--------Show the size of the prize with EU and US license------

A number of the 83 new clients only on-boarded late 2023

New IDO clients including Save the Children International, Plan International and Norwegian Refugee Council.

New major markets banks currently being onboarded, including Barclays and PagoNxt/Santander.

New emerging market banks include new clients in Africa, South East Asia and the Pacific.

80% of FX fully automated-increase of 600+ currency pairs, and increasing south-south flows from one emerging market currency to another

Some of the New products:

Our overdraft facility (Liquidity as a Service) moved from successful pilot to full operation,

Launching a pilot for short tenor FX forwards, starting with G20 currencies.

Launching our avalised promissory note product for trade finance

Operating free cash flow conversion 88%

Debt free

Need to Reach RNS new payment partners, large clients, new products and countries etc.

This could move sideways until the accounts are released

Happy for those that held out from 40p, well done

£342 mcap with £137m revenue (2023) and EBITDA margin of 47% is compelling.

We should get some idea on the revenue trajectory added by the EU license.

US license will be a game changer. +200 easily.

Notice of results and confirmation of expectations sometime this month. Possible update on US licence.

Detailed group exploration targeting and planning are underway, with work expected to commence in Q3-2024 after the wet season and will accelerate once further cashflows are available.

2027 then

Placing RNS tomorrow?

I think this is ready to push ahead with a solid rise now.

Share price is reacting like a company waiting to do a placing. They either need to do one or confirm that they are not. Imo financing is waiting on flow test onshore.

Clearly the market was ok with the debt until it didn’t immediately materialise as a large increase in profit. It puts all the valuation calculations out of whack, hence the drop. I think this will rise as the drop was overdone but not over 650 until operational profit improves

I think the offers will come following the drop, but these things don't happen quickly.