Member Info for Gardie

It's another day/week/month at CHAR with no news on Anchois/Loukos/Rissana or on Hydrogen/Renewables/Etana/Financial situation.

The share price drifts gently lower on small/tiny/insignificant volume

The market-makers widen the bid-offer spread to 20/25/30% of the share price

* Please select as appropriate

Don't want to jinx it but there seems to be a decent amount of buying interest today....

LSE not showing trades on ANY shares post 12 noon....

Agreed Surfit.

I note from LinkedIn that Andrew Hockey (Chairman) has been spending quite a bit of time on one of his other roles recently as CEO of the ECITB (Engineering Construction Industry Training Board). Plenty of posts on this subject but nothing on CHAR recently.

Surfit,

I would have thought that 1st April was the ideal date but they've missed that chance... 😉

Had an order to buy 100k at 6.55p. Not filled. Very upset as over 100k traded at that level

I totally agree Magoo. Nobody seemed to care then and it looks like SOLG might end up going the same way....

PGlancy,

How do you mean by 'blowing up'?

Thank you very much 🙏

Guys,

Please can you let me know how to see Elrico's substack? Is there a link available? Cheers

What was AA before? It's surprising that he's added on the way down IMHO...

Https://www.mining.com/web/coppers-uber-bull-predicts-new-record-on-most-profitable-ever-trade/

You are right of course Fernan 🥴

Silly of me to even make the suggestion!

Time for the BoD to start putting their hands in their pockets and buy aggressively

Not much sign of Chinese buying in the market currently....

Hi Surety,

Do we have to assume that CHAR is unable to give any details on a Plan B for Anchois until the exit penalty has been agreed with ENOG? I guess they would prefer to have cash in the bank before making their next move...

Some decent sized buyers coming in. I doubt the BoD is allowed to invest if there is news imminent?

Http://ow.ly/5GFf105mobV

Just a reminder that US Investment Bank Stifel valued CHARs Transitional Power business at 10p per share. What would it be worth now?

A good view today from Chariot with regard to its US$75m financing from Standard Bank and Norfund into its Etana business, its South African electricity trading joint venture, making it a seriously substantial company in its own right and becoming an electricity utility with funding by these ‘significant’ institutions meaning it is now fully funded.

Going forward the company gets ‘balance sheet support, combined with an equity investment which will unlock further generation projects, fund rapid, scalable growth and lead to material revenues from both Etana and potential future direct participation in generation projects’.

The way that the deal is structured with the guarantee financing investment alongside equity cash puts Chariot in a very strong position and it also creates a look through valuation for Etana which suggests it is higher than the current market cap. As CEO Adonis Pouroulis states, ‘this clearly endorses the value that we see within the electricity trading platform which is looking to provide much needed long term, cleaner and competitive energy across South Africa’.

Thanks Surety.

The day that the Chariot SP trades above their research target price I will hang out the bunting. These estimates have been grossly overoptimistic for some time, not really sure if they are worth a great deal if I am honest. Very happy to be proved wrong...