The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
We mustn't forget that according to Pierre Raillard on 31st October :--
Chariot has "very exciting weeks ahead" after gaining Anchois EIA approval
AND
Raillard highlights Chariot's focus on "fast-tracking" developments in Morocco to meet the nation's increasing energy demands.
https://www.proactiveinvestors.com/companies/news/1031501/chariot-has-very-exciting-weeks-ahead-after-gaining-anchois-eia-approval-1031501.html
That was 10 days ago so are we getting nearer?
I understand that "Fast-tracking " normally means getting on with it as quickly as possible. eh?
It is so exciting the shares have dropped about .32 pence since then.
Investors are obviously not intelligent enough to realise that good news means the shares are worth more and not less.
Spec...... and once it gets into the 20s it won't be for going back. I feel this Company is - as steady as she goes - no nasty shocks but growing with all its "pillars" for a good few years. I'll hold on for dividends.
One question I have is why the Directors (apart from A.P.) don't hold more shares? They don't all hold as many as me.
Redeye - We are all guessing until we know what will happen. Here's one - I believe that if /when an average farm-in deal appears the sp will increase to maybe where we were last year around 20p then a really good deal could see 30p plus. No deal would probably see us losing more in the sp. That is unlikely especially as the price of alternative oil is increasing. We have proven gas which IS an attractive proposition to prospective partners. Meanwhile we are drifting because I believe no news is not good news in this scenario. There are probably one/two or more offers on the table which the BOD think they can improve on.
Surfit - After typing, you need to "surf it" more before posting. Then when you try to defend your post later you should first look back at what you are defending
"2. Onshore cover to 1st oil (thought to be quicker than offshore ( exploration confirm its there ( could fail), FEED, Fid, Sanction development....Time line??????? Vs cost "
- Looks to me a bit like you are talking about a different Company? - one which isn't exploring for GAS. Oil is that black gooey stuff.
These buys/sells are not right. They are guessing, so just go on the trade price rather than the red/blue. 13.14 11678 shares for £488.02 is my recent buy top-up and not a sell.
Thanks Jimmy and -
Capx - Sounds to me as Pierre is saying " bring this field to production in the next few years" ?
So is he saying producing over the next few years or starting to produce in the next few years. Anyone with a better ear than me maybe can confirm his words?
Hi Surfit. My tech. knowledge is not good enough to follow you completely especially with your occasional English error sorry plus you seem to be suggesting we are drilling for oil? ( your 4th line and point 2 )
I think you are saying we are invested in a Company with a valuable asset which is undeniable and the final imminent thing may be dependent on what the sale price of the gas is. Plus query on lump sum (remuneration) for cash spent to date on exploration.
I'm sure the on-shore costs must have been considered and included in the cash raised recently as it is unlikely to have been missed by the Finance department? It would be a bit more than a "book-keeping error"
I can't believe that there is a big gap between what Char want in the deal and what the incoming partner want when we are told the deal is nearly done. It sounds like it could the combination of a small gap and the usual legal delays over what will be a complex agreement. It really has to be sorted soon. The gas is wanted NOW.
Bit surprising only about 5 sells out of 140 trades but sp not moving?
What are MMs trying to do?