Member Info for Gardie

Mannan, is that from Simon Thompson?

I'd be happy to add my name to the list although I do know that Celicourt do read these chats already. But more pressure can't do any harm.

does anyone have access?

https://*********************/companies/uk/oil-gas-e-ps/chariot-limited/research/auctus-advisors/chariot-limited-aim-char-us-100-mm-guarantees-highlight-the-value-of-the-south-africa-energy-tra/72_ed0e0bfd-6dd2-4b8a-bd57-5f8951f69540/7a5ca4c9-d8fd-48a8-93d4-49071f831d3b

Took a punt on DES in 98 I think and made some money! Must have been one of the few...

Norseman, I think you must be on the wrong chat??

Note how the quantity of shares seems to get exponentially bigger over time as the SP falls through the floor. How on earth can this be deserved?

So what are all those highly paid directors doing while they wait for some news from ENOG?

Surely the Battenburg slices were finished some time ago? Feeling very news/RNS starved...

If it wasn't obvious before the ENOG results show the stark contrast between the 2 companies. One declaring a 35% increase in revenues to $1.363bn and a special divi of up to $200m. The other with revenues of £80,000 in 2023 and a BoD costing us shareholders upwards of $5m + per year.

Without wishing to state the obvious it is clear we backed the wrong horse!

Sorry if I am asking for something that someone has already posted but where do I find a list of RKH institutional shareholders?

Many thanks in advance

If ENOG step away from Anchois which is what's being suggested, what are the likely legal ramifications for CHAR? It will no doubt be covered in the contract but it's good to have an idea of what to expect...

Hi Surety,

Do we read into this that Loukos is a viable concern but Chariot don't want to be involved with it? Or how do we read it? There seem to be no end of pieces to this puzzle...

Yes, current SP moves not giving us many good vibes ahead of ENOG results next week. While ENOG climbs higher, CHAR continues to melt away down to its recent lows on zero news. Just what exactly are those muppets in Old Bond St doing?

Gobb,

We are going stir crazy waiting for information on all of the 3 pillars. Let's see what ENOG has to say on 28th Nov....

News - none

JMW

Just Mainly-Waffle

Gobb,

I am regretting not going to the AGM myself as I went last year and the mood was certainly not upbeat from those PIs that asked questions. I CANNOT believe that they were not aware of the initial Anchois results when the AGM took place as the RNS was only a day later if I remember correctly...

TheBold, any idea what has happened to your CHAR posts? We need your pearls of wisdom.....

I think a fair portion of this morning's rise can be attributed to The Oak Bloke coverage of JLP which was published on Sunday. Although he disagrees with the P/E ratio of 1 mentioned earlier he does believe that JLP has plenty going for it (making a number of assumptions). Worth checking out. Here is an extract:

How does it all set up for FY26?

Assuming Sable “in the next 12 months” comes to pass

Annual Report FY2024 - as at June 2024

Assuming Roan is operating at 4.5Kt per half year. (9Kt a year)

Assuming an $11,000 per tonne copper price

Assuming cost of production drops by around 10% through higher grade processing and higher recovery

Assuming the 30% share of Chingola Waste Rock begins 2H26 so 24Kt for 6 months at 30% share is 3,600 tonnes equivalent.

Assuming PGM prices have recovered to a $1,700 basket price.

Assuming Chrome prices have fallen but remain at an elevated $90 tonne (for 40% concentrate)

Assuming Chrome is now 2.2Mt; PGM production is back to 40Kozs.

Obviously quite a lot of assumptions! But all are conceivable and perhaps some could be exceeded as much as undershot so it’s not an altogether unrealistic scenario.

We do see an Price to EBITDA of just over 1 in that scenario!

Indeed, a lovely start to the week! Congrats to Mr Haynes and co

He's at Celicourt and on Linkedin

That's around £15m per annum. I imagine they could easily spend 50% of this on their inflated salaries and other perks and the rest on operational expenses