Member Info for GordonGecko123

I will see what the results say before deciding here . Little sign of the business getting tona point it can survive without more funding yet and that's always been the issue . It all depends on the figures for me either they are growing and meet figures or they are but at a much slower rate than they planned . Pretty simple

So you sold out and no talking trash what a surprise . You a very transparent individual . Move along if you have nothing to add

Well there is the 2 deals this year so not exiting much else which makes the revenue figure look a long way off m Thursday will be a blood bath if they fail to hit the target then more questions about funding to follow if they miss . The bulls will be praying about now imo . More jam tomorrow with agl when it's needed today .

How confident are you feeling now emerald

Upto a year to complete those by which time chat would be out of cash . The ball is on ENOGs hands now if they want to expand and develop the assets and take them off char for a small price or abandon it all together . Char needs to address the elephant in the room and do far silence isn't exactly a good look . Poor management here

People talking about sale of non gas assets . This is too slow and risky . It could take uotona y

Good luck with that have you seen the equity market for raising cash recently . Cash firms are asking for big discounts on share price for cash and that is not a good option as they will find out if they take.that route and it will hit shareholders hard

Here is a thought . ENOG have signed up to pay costs upto 85m for drilling and 3d data . They have spent about 25-30m on the A3 well meaning they still have 50m to spend on drilling and testing . For that amount they could buy char out and it wouldn't effectively cost them anything . Something to think about

The company said they expected to sign one maybe 2 deals before end of the year . Last week's announcement was the one ,the other is a maybe and going off the reaction to this one isn't going to help this move north .

If you believe broker notes are a reliable source of guidance then you are deluded . Have you ever seen a small cap company brokers valuation ever get hit ? They are a scenario that if everything goes perfectly they might achieve but rarely that happens .

Big week next week we get to see the revenue update and see who's right finally .

The AZ deals did little for the share price it was the CTC/ctdna results that made this jump to 30p in Jan as they were groundbreaking which caused the spike . If your going to try and ramp agl at least know your facts Fgs it just makes you look amateurish

Looks like it's getting ready for another rise tbh .

Poor from the management here they should have updated the market today after earlier events m now they just look incompetent and like a deer in the headlights .

Thats your one deal until.nect year ..remember AN said one maybe 2 deals before end of year . If he was hoping that would lift the SP before a possible revenue miss then god help all.holdets

At least the directors have skin in the game so any sale of assets won't be at ridiculous prices ,they will try to get what they can put of this mess at least so at these levels I think it's a decent gamble .

The silence after the SP has crashed is poor from the bod they should be keeping shareholders updated and discussing options resulting in a strategic review rns but they seem pretty clueless tbh . Glad I'm not a lot holder as they seem very bad .

I'm still here you clown it is a minor announcement with no revenue and will take years to develop into anything worthwhile . You really are an idiot oh the highest order carrot .

This is more jam tomorrow stuff when they need jam today . I don't wish to talk to anyone idiot so haven't posted and because you didn't answer a single think I asked when I posted my reply the other day which shows your just a troll with no idea what your doing .

A week and we will see who is right here and I'm betting it won't be you .

Warning be ready from some proper insults on that day when you are found out and proved wrong

I don't see any bank facility being available for several reasons ,no revenue to service dept , the mkt cap of char means the risks would put off any lender etc .

Think wishful thinking and maybe underestimating the problems char now has . Cash is needed far sooner than some seem to think on here . Yes they have 15m at most but that will barely last 6 months . At that point it's total collapse of the SP or bust . To avoid those kind of issues they need money now . Waiting for enog and hoping they play ball just isn't a viable option they have to sell something amd hope they get a price that allows them to stay ok business until firat production at the earliest .

The situation is a lot worse than some portray but not beyond hope if action is taken and on not diabolical terms at least . All hinges on ENOG and discussions there now . ENOG must have seen enough in the achois 2 data and testing to farm so let's hope they still see it as attractive and may want to acquire it for a snippet of its recent value imo. Gl all hopefully the SP continues to recover in the meantime on other asset value

Surety

Yes they have some options but a lot depends on other players . They can't sit around and wait for enog they don't have the cash to do that even if they start making cutbacks immediately .

If they can get that for archois alone I'd be impressed and bite their hand off tbh . I think they would have to concede a lot more to get close to those numbers and entice ENOG to engage and that will hurt but they might have to take it .

They could take a cash sum for it all low figure and ask for royalty and no further involvement or cash requirements ever . That would be my preferred option tbh

If they can take their time with the none gas assets it's possible 15-20m if someone is interested or total want to take it imo

The later doesn't come into play until they have been and talked to enog and seen what's on offer with them . They need cash and that's the quickest route to it but only if ENOG want it ofc .

2p is undervalued the SP will rise but the bod need to issue a statement before end of the week or they look weak and clueless tbh

ENOG might take the lot for 20-50m now but will the bod of char admit they are screwed and take it or think they can survive and end up losing it or in admin if they sold the gas assets off the cash would give them time to sell off the rest Inna more normal process and not a fire sale . Wether ENOG take archois alone or demand more assets will be interesting to see how they play it . The silence from both suggests discussions are underway imo or maybe char are still caught in the headlights around the table saying what do we do now .

Either way they need to preserve what cash they have and come up with some exit strategies . The problem I tend to find its they overvalued the asset and walkaway then end up in more trouble . It's an interesting situation it could swing up massively Inna decent sale process to enog or sale of other assets . Similarly it could drop if ENOG walk away . Leaving char needing to find another farmout partner quickly . If total want the non gas assets for a reasonable sum I'd offload it now tbh

You've only lost when you sell or it goes bump until then it's a negative profit lol .

Think the parts will get sold off here now . They need to offload quickly so I think gas assets to enog if they want them. And then sell the other things not in a rush so get a decent price

Carrot it doesn't matter what myself or other say to you you simply won't acknowledge or listen your incapable of doing so and your not alone over the years many wouldn't listen to me and look how it turned out for them .

You say there is no evidence ,as I pointed out before you seem to be missing the fact of the two previous revenue misses ,is that not evidence that ago are not exactly reliable with their stated figures .

I won't mention the countless missed timelines for products like ovarian and prostate . Or the huge deal with Abbott that's led to nothing of note in how many years . I recall many saying it would be huge back then too .

You believe what you like but the evidence is there and please don't ask for facts . Facts only happen after the event and is a stupid statement I've come across before. Nothing is certain but the evidence is there and you seem oblivious to it .

Now that's out the way can they hit revenue . Of course they can but as yourself points out no more deals in 5 months . That leaves you hoping for a huge increase in sales of kits or machines . Going off H1 both look unlikely but it's possible .

For me the chart and selling is telling the story and again you choose to ignore it . In the end some will be right and some will be wrong but we won't know until later this month for sure . All we can do is go off the evidence and pointers and it seems there are some very different outcomes with all the evidence available .

IL leave you with this AN stated many times they would not raise funds only weeks before doing so . He won't tell investors anything that's not in the public domain that would be insider trading . He has stated they will hit the target because it's in the domain already if he follows the same pattern what's the outcome ? Gn

Unfortunately it's too slow for char to sell even if they wanted it.

The cards are in ENOGs hands as far as I see it . Char might have to go and ask them if they would consider buying the lot and see what they say and offer . If that happens the bod have to negotiate as good a piece as they can and take it even if it's much much lower than they want . Then possibly sell the rest and call it a day selling assets In a nine fite sale manner .

If ENOG say no to buying the assets then they will have to stop all spending and try to last to see if they can sell the non gas assets instead but that then becomes quite a big risk if they can't find a buyer .

This is worst case scenarios and there may turn out to be some better options available ,let's hope so but it's squeaky bum time