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Never mind, just read malcys note
'any information published solely represents the views of the reports' authors.'
Does anybody know which "view" it is that the company feels worthy of not commenting via RNS?
Lol, yes... I'm sure all our friends who bought in a decade ago feel like little Einsteins
Acquired shares in December for approx £750k
If it's option A and Chariot goes all alone & debt finances the project where do you reckon the equity for all the renewable projects is coming from?
They also tried to partner before the drill which didn't happen. Fact.
Ka-ching, week couldn't start any better
'the world has moved on' and then retweeting 'Shell spuds in Namibia' ... Gotta love that irony
Deja vu from the last two drills.
'but no' they said, 'this time will be different'
100% CoS they said, can only go up
Subtle hint with a sledgehammer re upcoming announcement on partnering for Anchois... 'soon', wondering if that means pre or post drill?
A bit surprised CHAR is completely immune to the recent surge in gas prices. I know production is still years out and we don't benefit immediately, but ceteris paribus the monetization potential in case of a successful drill should be significantly higher than it was a couple of months ago?
Or at least attract some short term speculators trying to make a quick buck.
Exactly, why is it only 'potentially'?
Is it contingent on the results of the A&B sands?
Is it contingent on more funding (genuine question do we have an idea how much the drill of sands A&B alone will cost?)
Or maybe some other explanation?
From the rig RNS : 'Potentially deepen the well into additional low-risk prospective sands with the aim of establishing a larger resource base for longer term growth.'
Why only potentially? Either they want to see the results of the upper sands first (ie not 100% Cos) or we don't have enough cash to drill deeper and still hoping for a farm out.
Other suggestions / explanations welcome.
Thanks for the warning, I might need to give that a second thought.
On another note, does anyone know how much the drill will cost us? If I remember correctly the last one in Namibia was around $15m and at that time rig rates were rock bottom.
Finished my hiatus since the Rabat deep drill and am pumped for the next adventure.
Got a foolproof plan. Buy cheap, wait for the inevitable rally before the drill, sell some shares to experts who don't like buying cheap but rather pay more and then got a free carry into the drill.
What could possibly go wrong?
Happy weekend everyone!
Funny how Larry says that the quality of prospect S has been verified by third parties in the partnering discussions, yet no-one seems to be willing to put the money where their mouth is. Smells fishy?
How are we going to fund our share of Mauritania cost if we decide to exercise the free option? a) with the proceeds from the oil we find in Namibia b) with the proceeds of the imminent farmout with discussions in advanced stages since early 2017 c) magic moneytree
Guys, be nice to him. Now you've hurt his feelings and he's giving us the silent treatment instead of sharing his exclusive valuable insights
Did someone just say 20p by Friday? Hahaha, I can't believe it's not butter!
Just the content is not what we hoped for. Alas, some more free shares for Larry and co, well deserved!