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Are quarterly results tomorrow? We normally see a bit of excitement by short term speculative holders day before results.
Are you sure conman?
This still has a bit more to run. Be a great buy back price at 11pence in the next couple of weeks. Share chart graph looks shocking but think it will hold about 10/11 pence. GLA
What's the estimated market cap on licence agreement with Mali government which looks enviable?
I bought in at. 0.10 so am sitting happy atm. Understand 220000 tonne production of lithium will be 30 mil profit per annum.
Seems the price continues to drift lower. Might be a great buy in price back at the 12/14 pence Mark as don't think these high coal prices will be sustained and covid situation in India is stabalising. Although as we never here anything from Gupta still think this will continue to drop further. Crazy when the PE at 14.5 pence a share is only 5.
GLA
Depressing to lose 6k in paper money in one days trading. But I know nothing has changed with the fundamentals. Unfortunately don't have anything left to top up but presents a great opportunity for others for this 2 or 3 year 5 bagger.
GLA
Well I'm gonna see how low it goes before getting back in. The chart for the last month looks horrendous. I also now doubt we will see 11 p but wouldn't suprise me with 14's.
I've already sold out as soon as the Covid situation went so badly a while back. Just deciding how low this will go before buying back in. Anyone reckon we can get back in at 11Pence/12 pence Mark again?
Chariot Oil fundraise to accelerate Moroccan gas project
US$23m net proceeds to turbo charge Anchois gas development.
Directors participate in equity raise.
Drilling to start in fourth quarter.
Aim-traded Chariot Oil & Gas (CHAR:5.5p) has raised £11.7m through a placing and subscription including £2.4m from the directors, and proposes to raise a further £3.5m through an open offer (one-for-six at 5.5p) to turbo charge its Anchois gas development, offshore Morocco. It’s a huge resource with an estimated 361bn cubic feet (bcf) of 2C contingent recoverable resources, and 690bcf of 2U prospective resources.
The net proceeds will be used to drill an appraisal well at Anchois to confirm the discovery; progress work programme on the acreage surrounding Anchois for future development; integrate transitional power team and existing project, and fund near-term power project. Chief executive Adnois Pouroulis is underwriting £5.57m of the fundraise through Magna Capital, a company in which he is a substantial shareholder.
Appraisal drilling will start in the fourth quarter at a cost of US$20m to test the discovered sands and explore deeper targets, an important requisite to progress gas sales and project finance ahead of a 2024 start-up. Chariot has already received two development funding approaches from institutional lenders to fund the capital expenditure (US$350m for Anchois A and B sands) to bring the project on stream in mid-2024.
Simon Thompson's 2017 Bargain shares portfolio performance
Company name TIDM Opening offer price on 03.02.17 (p) Bid price on 01.06.21 (p) or exit price (see notes) Dividends Total return (%)
Kape Technologies (formerly Crossrider) KAPE 47.9 325 3.55 585.9
BATM Advanced Communications (see note seven) BVC 19.25 83.5 0 365.7
Chariot Oil & Gas (see note one) CHAR 8.29 5.24 0 100.0
Avingtrans AVG 200 340 11 75.5
Cenkos Securities (see note two) CNKS 88.425 106 9.5 30.6
Manchester & London Investment Trust (see note three) MNL 291.65 377 3.0 28.4
H&T HAT 289.75 278 32.4 7.1
Management Consulting Group (see note five) MMC 6.183 6 0 -3.0
Bowleven (see note four) BLVN 28.9 5.5 15 -6.1
Tiso Blackstar Group (see note six) TBG 55 20.4 0.54 -61.8
Average 112.2
FTSE All-Share Total Return 6485 7928 22.3
FTSE AIM All-Share Total Return 977 1454 48.8
Notes:
1. Simon Thompson advised selling two-thirds of the Chariot Oil & Gas holding at 17.5p on 3 April 2017 ('Bargain shares on a tear', 3 April 2017). Simon subsequently advised participating in the one-for-8 open offer at 13p a share ('On the earnings beat', 5 Mar 2018) and buying back the shares sold at 4p ('Chariot's North African adventure', 17 April 2019). Total return reflects these transactions."
I can't turn in, due to my WiFi speeds stuck at sea in the Merchant Navy. Please let us know any new interesting developments.
Thanks
2.2pence to buy now and climbing. Just think over 2 weeks ago you get these babies for 1.35 pence which was a crazy steal. Wish I'd topped up more but still grabbed a few hundred thousand shares and happy with my 2 million holding.
GLA
Thanks Carefree carry,
Haven't been on here much but informative. Think this will actually keep us on a good relationship with the Phillipines government for the next 30 years production... Hope so anyway, and once the debt gets paid think we will all be smiling. I will happily buy a few members of this board a drink or two.
Regards
Dave
Very impressed with the new company investment presentation. I'm sure it will attract new investment. Just a small question for those in the know, it states on the presentation that the income tax holiday is only until July next year. From then on, 50 percent of net cash revenue will apply to Phillipine government via income tax, Vat, import duties etc etc. Is this going to significantly affect revenue and subsequent quarterly profits significantly? 50 percent of revenue sounds concerning to me.
Thanks
Dave S
As a long term holder I was shocked to see the share price drift to 1.35pence. Even had a fair sized top up at this level to take my holdings to 2 million shares. Always thought something was going on in the background as the fundamentals are a screaming buy. Even wished I broke the bank and topped up more but very happy with the rise. They still are a screaming buy at 2 pence and still will be at 5 pence. There's a chance they pay 1 pence dividend in 2024 which is 50 percent current share price. How the share price ever got that low I will never know but happy investing in a 100k producing gold company with 85 percent land still to explore and currently 6/7 year mine life. The debts will be gone in 2.5 years at current gold price.
I'm not surprised as this give away price.
Top up at 2.4pence due to some people's advice on here and currently sitting on over 50 percent paper loss over 6 grand. Are we going below 1pence back 0.7 pence as may need to sell out. Really wouldn't suprise me with this outfit, only way is down at the moment despite gold holding.
So I have had my big top to take my holdings to well over 2 million shares now the price is again below 2 pence. Now the plan is not to look at the shares for another 4 years until 2025. Thats the plan ??. My Dad always said he wish he bought an extra property in London in the early 80s when you could buy a flat/home for a grand in the docklands. They are now 500K. I'm hoping this is my docklands moment ??. Then I can look at the lovely retirement homes in the south West and buy for cash thanks to metals exploration when the big scramble occurs in a couple of years time. That's the plan anyway. ??
What are people expecting for the price over the next few months? Do people expect it to drift lower again to 1.7/1.8 range? Or when news is digested front the turnaround have a new mean of 2.5-3? I guess I shouldn't be concerned as am a long term holder however being human I would like to top up at the right time. Spread is slightly annoying atm for a big top up.
So I am a little confused,
Based on the last update of positive free cash flow of 13+million dollars in one quarter, that is 50million plus free cash flow in a year (at current gold prices). All our debts will be paid in the next 3 years or maximum 4 years if gold prices maintain their current levels, sooner if they increase. We then have another 3/4 years of the current mine life (not accounting for the 85percent unexplored areas which contain gold) to add to our profits. In one year we will produce our total market cap of 45 million? Am I missing something? Seems like I have only the gold price to worry about (not worried about this) or a super typhoon to knock us out of action for a few weeks? Have I missed anything as am just deciding on another huge top up? All thoughts welcome, good and negative?
Thanks
Dave