Member Info for HenrySinclair

No AP. Means no Char.

Remember all those oil co listed on AIm. The AIM model is not the same just as Char the elephant hunter. Look how Sirius minerals transitioned from business model. I threw money at on oil prospector turned into gas storage. Prospector only to become HAL.. a prospective ship builder !!

listening to JMW is just like listening to Rupert Cole XEL.. could be forgiven for thinking they attended the same school of BS. Like an old Terence Thomas flick and the old school tie

It’s all about being the middle man. Without AP there is no Chariot.

gooner

no stress.. all it needs is for jmw to go on interactive and give everyone one of his nod nod wink wink rehe****d “interviews”. coincide that with a more matter of fact, unconcerned state of play from ap and off we go again. char version 2.5 as ap would say.. i think it’s more a case of dads army and the shout of “don’t panic… don’t panic…”

Cool max

“can't see management screwing this up”

The Al comment only reports the result of the car after losing control. It says nothing about the driver and their ability to complete the journey as they had previously outlined. The organisation has repeatedly promised an outcome to a new crop of spectators, yet with the same result. Look back ten years and see how often they have outlined their planned journey only to drive a different course.

BDC

Good post.

My negative slant is yet again a 50p target and concern that on shore not sufficient size to have significant impact on the development of char as a producer / spread of risk, as opposed to the anticipation of Anchois. I question that they will produce on shore

The offshore program could be perceived as resulting similar to promises that do not materialise as anticipated and suggested by the BoD similar to Anchois.

What is the credibility 50p target. Will they be suggesting the same in 2030.

Chariot have shot themselves in the foot. The broker targets are meaningless.

M H 95

Let’s hope S T excludes Chariot. He not got it right last year. They are prostitution imo. Just east tge MW “interviews” on interactive.. what a load tosh.

He should be selling fruit down the mkt. at least there everyone accepts it’s a joke. Unlike here. We think BoD are aligned with PI’s, yet those same PI’s would immediate unaligned themselves on decent upside. My hope is that AP cranks up the news flow and stops the BS. We need a developing story line not fairy tales .

Gooner

At times of desperation, it normal to gravitate to groups that offer some hope much the sane way a jilted partner may spend hours searching YouTube to offer comfort to their circumstances.

AP priority has been to present upside not for sake of the result but to assure the wheels remain greased. Folks on here point to his buying but where have the funds come from for those shares. Compare the BoD salaries to PI upside of share offers. Those placing offers have oiled the wheels assuring incomes to purchase shares at price below placing.

Most posting here has been supportive of PI personal reassurance similar to those posts offered by jimmy, who offers qualified valuations based on fantasy outcomes eg chars percentage of enterprise after deal. Crazy imo. Today folk are still dressing this as good for char share holder's but for wrong reason. The deal means char are basically a royalty party. That’s fine by me as it may well support broader morocco upside directly for char. The Anchois deal had been in play prior to the onshore contract. The larger combined off shore prospects would require a consortium of major operators snd financiers to achieve the long term operations. In this regard char are still remain the elephant hunter as old char. The onshore is their realistic way of doing what they thought they said they could do with Anchois. After all they told us long before the conf drill that finance was ready to be signed off. It’ was clear over 12 months ago that no one considered Anchois to be a realistic proposition. It needed much more scope, that char could not fund.

I’m not against AP deal. He’s full of BS for the reasons above. Many folk here can’t accept that, so they gravitate to anywhere that supports their fairy tale of the way life should be … ATB

Whimax

Posts: 2,476

Price: 9.53

Strong Buy

RE: Risers10 Jan 2024 18:22

I suspect the directors buying recently is more to do with coming out of a ‘closed period’, following the signing of what looks like a great deal, and not being able to believe their luck at being able to buy at under 9p 😂

Hello Whimax

Are you suggesting directors be happier if the SP was 4p??? It begs the Q.. because they were aware of tge true state of the likely deal months ago, tgat was the reason they didn’t support by buying in the offers. We’re they always happy to BS the mkt and PI’s left yet again holding at decimated SP. You could respond and say if you don’t like them sell. This lot are not being straight and folks are on here still see sunshine when the the company are showering PIs with something else. Fwiw I think the deal was as good as I expected but folk on here were offering valuations based on a fantasy deal.

Howdy Gooner.. I see the latest deal as very positive.

The field/production plan nowhere near ready for a major. It would be akin to Cunard operating the local ferry service.

The price move does not impact the operation. How the so called brokers retain their targets year on year beyond me. No redress for their BS. They far too quick to address announcement RNS.

The webcast a mix of more wishful thinking of what might eventuate, supported by fact. Yet more Char BS.

Case now of waiting for drill results. Key to moving higher. My target remains in place.

Hello BDC

Drill result webcast: DW stated 2024. MW stated 2024.. moments later AP stated 2025.. all prior to anyone knowing about onshore. If they can’t get the projected years right between the BoD in an investor webcast, what does that say about the credibility of the investment case to insti’s

Fantasy land if you think AP is aligned with PI’s.

He could have turned his shares multiple times over the years. Sinclair was on BoD and it declared that he managed the AP family investment. This could be taken off AIM at a flick if they decide to take this private and AP can still profit like wise. All the talk about the multiple visits to the offices are just that. Why wouldn’t the industry be keen to understand their target / exploration /results. Does not mean they have financial interest in Morocco. Char have mis lead PI’s just as the institutions were mis lead over Janus. In the famous drill result webcast, the BoD were quoting different years for production. DE stated 2024. AP stated 2025. What institution would take that as a serious investment plan. They are winging it.

Did char BoD state delays?

Hello Veteran this from 12 months ago:-

“Chariot Limited, the Africa focused transitional energy group, notes recent media reports on a workshop held recently between the Company and representatives of various ministries and institutions of the Government of Morocco regarding the roadmap for the development of the Anchois gas field, offshore Morocco. The workshop was held as a closed meeting. The information therefore contained in the media reports solely represents the views of the authors.

Chariot will keep the market updated as development plans continue to progress, but, as previously disclosed, the Company confirms the project remains on track and that all parties are working collaboratively to ensure the timely delivery of the Anchois development, a significant project for Morocco, for the benefit of all stakeholders.”

“A year ago the project remains on track”… does that mean on track but nowhere near to the point it had been stated to be ?

Next RNS. December webcast ?

Gooner

This is completely different proposition to back then. The EIA is no diff to FEED. It is a plan to production, not an investment plan. I think one can confuse SP speculation with SP based on cost of production development. However difficult it is to find the resource. The return on your investment is relatively locked once confirmed. But the complexity of costs to produce / multiple party agenda create much more uncertainty as to ROI. The money to produce will not be for free. We have witnessed the rise in SP on drill results.did you think then that it be 14 today. So why multiples going forward. You think Char doing this for my benefit.

Hello Huck

Soc Gen are not an insti investor in char. They are facilitating the insti investment. They charging char millions for it and have not produced.

Hello Gooner

Based on status, I be happy to stop my whinging at 30… if you had asked post drill I might have said 40 plus based on what char had stated at that tine.. but they mislead me, as I believed their story line despite them not answering both my Q’s in the webcast as detailed as hoped. I fell for their sales pitch and SP price response thinking we would be well north of 30 by now as we following development milestones that would have to be met to achieve 2025 production target.. I now set my target based on AP’s survival BS. Bottom line is that as long as he keeps some sense of action, he still got a lot in play. But I don’t kid myself that he’s keen to reward me.

Dreamland to think AP and mates are going to include me realising 50p sp. the days of nimrod long over. Institutional investors not interested in AIM. They want BHP etc. they only use Char etc as vehicle to pick up margin on the trade. If insti was interested Char, tgen Char would have court them to finance Anchois as they had implied they had pre drill results. The inst money not prepared to take the risk, hence farm is the only option. I don’t see 50p. AP will be too busy spending the proceeds mitigating Chars dilemma by spreading the risk, investing the cash elsewhere. I still holding because I believe there upside based on the story line. But I don’t dream of 50p. Maybe someone will post that AP given his shares is aligned with private share holders. Yet more fairy tales.

Hello Redeye

“RE: InterviewToday 10:02

I was just going to say that-----looks like first gas by Q4 24/Q1 25---is going to slip to maybe 25/6.

---No great drama, and should always have been expected.”

Begs the Q why did the BoD state in their webcast 2024/25.. why is tgat their statement on their website. The SP lift from 10-12p to 23-25p on that statement, they then raise at 18…put that down to me whinging but what are the chances they could repeat the same nonesense and create a ruse and pullback due to misleading investors?

Folks point to the way Africa does business and legal practices. More rubbish given AP’s CV.. he knew and knows the true state of play. He told us that they had a finance group .. just waiting for the drill results..

If BoD had been truthful rather than us learning from a 3rd party press piece, then the SP would still be in 20s today following a realistic (honest) time frame to production. And if they are saying onshore production will now achieve earlier first gas. Tgen I assume it’s because the off shore production is no longer in the near terms plans, likely because a farm will have controlling interest and will want a broader longer term structure

I’m looking forward to AP wishing investors a happy and safe Christmas break

NV

They need the price to rise and pull back to profit on their trade. IMO it will saw tooth upwards as me 6% takes his profit trade regardless of development.. just like Sprott.