Member Info for ianfer

Sorry that seemed to go twice. I can't see what I'm doing with ruddy ads popping up on my phone!!

8p is silly

But

Probably no one on here is buying much

Some on here frightened and selling

Others not on here see sp dropping and sell

One(or 2?) having to sell a pile for some reason.......still stuck in options?

So sp forced down.

We need some news to stop that.

It will come.

8p is silly

But

Probably no one on here is buying much

Some on here frightened and selling

Others not on here see sp dropping and sell

One(or 2?) having to sell a pile for some reason.......still stuck in options?

So sp forced down.

We need some news to stop that.

It will come.

PLUS ..............since we had a share price of 20p we have nearly acquired 40 million quid in the Bank, a reputable partner who believes and a freebie on-shore license. Had we known those 3 things when we were at 20p I'm sure the sp would have reached 30p !! So some folk have caught a cold, panicked and had to sell.

Kb - no change of heart. I honestly believe that the lower sp goes the better discount one gets buying the shares. The £10m should arrive in Char's bank soon when signing done. They already have about £15m and there's another £15m to come - is that with a successful drill? - That's £40m in the bank (b4 overheads of about £1.5m month? ) can peeps confirm these numbers? So £40m is about 4pence per share without value of any gas or other pillars and on-shore value. 8.3pence sp currently is utter nonsense!

I sent the email to simply give them a polite prodding. No response yet and I don't expect one as they no doubt receive many others. But if I get any response it will be on here sharpish.

I just sent this :--

Dear A.P. and Board of Directors,

In view of the fact that a lot of money was raised from Institutions and Private Investors at 18pence per share last year and all we have heard since is good news of the Farm in etc and more good news to come during the next few weeks, investors are understandably concerned the the SP continues to fall and today drops another half pence to 8.6p. We are also aware that directors have supported the share price recently to the tune of around £80,000.

I am sure that you would agree that some sort of statement from the BOD would be appreciated to assure the investors that everything is under control and possible a big investor has had to sell a large buy option due to it's expiry.

If there is any other reason for the drop then I believe it only reasonable for you to inform us rather than let this sp continue to fall further while keeping us in the dark.

Kind Regards

Ian

etc....

Even better time to buy some more Char shares now.

Good time to buy some Char shares.

I expect we will drift sideways for a bit now until we hear the deal is signed and £10m is in the Bank. Our BOD will be excited and the new partners need to get on with it.

I don't know what Telegraph is all about but it seems to be a popular topic?

I find the posting on here very helpful and hope it continues. Opinions - take them or leave them, but news and facts can be interesting. Thanks all.

I much appreciate those with amazing calculations but only wish I could understand what they mean in simple English !

I mean, is it good or bad and how much? What are Chariots likely earnings per year once gas comes through?

Same with Graham10K selling out below 9p...... so he says

A steady climb back to 20p would be good before a proper re-rating when the drills prove successful.....

Reward for those here who kept the faith.

No pineapple this week GP just a plain pizza with mushroom and oregano. Hopefully a large glass of Jim Beam Cherry Whisky tonight to warm me up in cool Manchester!

Incidentally, Jamie Ashcroft stated that

"chief executive Adonis Pouroulis has bought shares in the company, picking up in the market 376,390 shares priced at 9.22p each. The transaction took place on Wednesday 10 January and it was Pouroulis’ first such notification."

According to the previous RNS - AP also purchased, the day before, being 9th Jan 385682 shares meaning those 376390 he purchased yesterday 10th Jan were not his first notification.

I would suggest Jamie is not doing his job very well?

Fraserd, The article by Jamie Ashcroft states "Pouroulis joined the company in 2020"

He formed the Company 12-08-2007

It was listed May 2008

He was a non-exec Director until 02-09-2010 when he became non-exec Chairman

When Bottomley became exec Chairman AP was back to non-exec Director 06-11-2012

Bottomley became CEO 20-12-2012

AP took over CEO 21-07-2020

I don't believe it was accurate of J.A. to say AP joined the Company in 2020.

"I think he meant he became full time staff in 2020, which is accurate." I have no idea what you mean by that ? As news Editor, Jamie should say what he means and not say something else.

GP hahaha - that may have helped, certainly did no harm, but I suspect that whatever has been going on in the past months, certain people were in the know and that has made up the 3 probable reasons why we hopefully have seen the bottom. - Covalis sorting out their CFD; The sheep following each other with their sells out of fear ; AP and the other 3 Directors knowing that now is best time to start pushing the sp up.

Graham10K at below 9p and maybe others on here may have picked the worse time to sell ?

There have been quite a few negative comments on here (including a bit from me) calling AP, including a very obnoxious one in last couple of days which seems to have been deleted; let's hope we see AP in a better light if things start looking up. Funny how emotions can change with a fatter wallet!

I can't remember the last time Char was on the list of Share Risers but they are on currently at +3.23% ! turn up for the books.

£35,000 is peanuts to A.P. for purchase of shares in Chariot being less than ½% of what he already has so not an investment for useful profit - more a Company confidence move. Any manipulation of share price I now suspect has finished and he wants to see it moving Northwards now. On-shore drill news soon? £70,000 sales today hopefully getting near end of Covalis residue plus "same old..."

Graham .... as I said b4 -..... A Self Fulfilling Prophecy ... and you have now joined in......

Sorry to see you go and good luck with other shares.

JT2017 - CFD - Contract For Difference - I didn't notice that Covalis had a CFD and especially for 3%. What I don't know is whether that counts towards his overall holding, taking it to over 6%. But in answer to your question I believe the contract has an expiry date. You do not have to pay for the full value of the shares. They may have put down a deposit of say £1m and the contract could specify that for every 1p the share goes up you profit by £300,000 but if sp goes down you lose £300,000. As the share drops you have to increase your deposit to cover any losses. As it falls, you have to keep finding more cash or close the position at a loss. It appears that Covalis has reduced its holding by 3% which may explain things. They were not prepared to hold on as it would have meant finding more cash, which they may not have had readily. So if they had just the 3% CFD and that has now expired, They may not now have any exposure and could hold the balance of shares they have. If the shares now go up they will be sorry they cashed in their CFD but may have had no option as they were expiring at a lower sp than when they bought.

Good one Jag!