Member Info for dai2belts

My memory is pants, did that dive into SAR.. Totally forgot..

Well seller was probably forward selling placing shares ....

Placing RNS in.. 10p

Still got the big..

But I don't buy their reason for relinquishing the UK licence, that 3D seismic would have cost a pretty penny,, So its probably financial, so that talk of the being open with investors, ?

QED, watched their presentation and they were still saying they hoped to get those contracts signed by end of March... 3 to come, plus permits by the end of the day lol.,..

Never know best get the Vox RNS running

Presentation includes sidetrack

https://beaconenergyplc.com/media-centre/print-digital/

That was a close call, I just read it,,,

So no IPO and No AIM, but its the markets perception...

BOIL surrending UK licence, nice excuse, surely those circumstances would warrant an extension if they wanted,

Bubbles

I think there are two drills,, PRD prices $3m each, He1 $6m each ?

That's such a big difference to guess at..

Looks like Augusts funding is to cover it, but there is talk of a seller, and that fund raise 8/9 months ago ?

19 sept '23 update.

On 2 August 2023 the Company announced the approval by shareholders at a General Meeting of an equity Fundraising for 106,246,564 New Ordinary Shares at a price of 14 pence per share. The new Ordinary Shares were admitted and the Company received gross proceeds totalling US$19.1 million. The net proceeds of the Fundraising will be used for near term onshore drilling and development planning on the Loukos Onshore licence, and new ventures and working capital.

2023 H1. 19 sept '23 update...

The Group remains debt free and had a cash balance of US$2.7 million at 30 June 2023 (US$12.1 million at 31 December 2022) which was further increased in the post-period following the equity fundraising completed in August 2023 which raised gross proceeds of US$19.1 million.

https://www.lse.co.uk/rns/CHAR/h1-2023-results-jxgo9f6y5wh3uv2.html

Year end 2022, June RNS

At the year end, the Group had cash balances of US$12.1 million

Going concern

As at 31 December 2022 the Group had cash of US$12.1 million, no debt and minimal licence commitments.

The Group operates as a transitional energy group focused on developing large-scale gas, renewable power, and hydrogen projects in Africa. To date, it has not earned any revenues and so is reliant on various options, including asset partnering, project finance debt, and equity placements to finance the Group's overheads and progress its projects to first revenues.

Where is the funding details ?

https://twitter.com/Chariot_Energy/status/1768251646956409105?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet

Blackwash posted this.....

QED highlighted that beyond that recently announced with Cargill & MAC2 there were 3 outstanding agreements, 3 others were required and in progress;

o A 3 way collaboration between MSC, Cargill & Quadrise

o A fuel supply agreement between MSC & Cargill

o A Tolling Agreement between Cargill & Quadrise

So 3 pieces of news, so more likely to push the price back to 3p, plus maybe another test in Morocco or even Moroc fuel agreement( just maybe)

Fully funded for a year, it has to be as low risk as AIMers get, the question is will it drift lower. but it should recover...

I can't figure out if the on-shore wells are funded or not or free carry... or find timings

But the price is rising off a low, looks like the rig is booked by PRD....

But its

Now PortfolioPower will like this asset value based article..

https://www.proactiveinvestors.co.uk/companies/news/1043383/chariot-transitional-power-business-potentially-worth-10p-a-share-american-investment-bank-1043383.html

Fat fingers at 1.23p

27-Mar-24 15:45:44 1.73 222,816 Buy* 1.70 1.75 3,855 O

27-Mar-24 15:45:44 1.23 -222,816 Unknown* 1.70 1.75 -2,741 O

27-Mar-24 15:45:44 1.23 222,816 Sell* 1.70 1.75 2,741 O

Could get a rise towards result 10th May, that's happened a few times before selling on results..

Shame we missed 150... at 169p which is high for recent prices...

https://uk.investing.com/news/stock-market-news/british-airways-owner-iags-results-could-be-catalyst-for-rerating--analyst-3404429

Does the likes of Anglo let small companies to the exploration, and then move in or do their own exploration as well ?

Thanks :)

That's a more detailed explanation, I have asked a few times, just struggled with the concept..

"This means that profits or losses will be realised and the trade gets a new expiry ". Nasty, I imagined a roll over would keep the trade open, avoiding losses...

Have you traded CFDs, ?

Is this a slow burner

Phase 1 - Anglo will pay $14.5M in staged cash payments to Unico Minerals Ltd (67% ARC) and invest up to $24m in exploration expenditures (total $38.5M) within three years and 180 days of the signing of the Agreement (RNS 20.04.23) to secure a 51% interest in ZCP.

https://www.arcminerals.com/projects/Zambian-Copper-projects/default.aspx

What's your definition of a roll over, in this instance ?

2022 that agreement was announced, when's anglo due to start ?

When you buy in shout, and might join you :)

I wouldn't be happy with that buyback, it's very unlikely to benefit share holders, especially since there will be further dilution down the line....and latest raise gives away a warrant for every share, so really represents double the dilution, and 3p exercise price is just a 70%, and well within last years range..

https://www.arcminerals.com/news/rns/rns-details/2022/Arc-Minerals-Limited---Agreement-with-Anglo-American--Investor-Webinar/default.aspx

Plenty of time for that drill and JV needs to happen...

Need to watch to see if that puts in a bear trap low, then load up and wait, its a pump special

I am not sure what to make of that, why do you think the update will be a turn around..

Seems odd they can't find out who the money has gone to..., +$20m untraceable, unbelievable

"Endeavour investigation into CEO finds hidden payments of $15m"