Member Info for ianfer

Interesting stuff!

https://in.tradingview.com/chart/SBICARD/WqxTSj8w-SBICARD-at-Confluence-of-Multiple-Supports/

GP14 - Too many, so we're due for something genuine. I'm pretty sure everyone on here expects Char to eventually make good and most/all of the sells are from traders trying to buy low and sell high.

https://www.youtube.com/watch?v=GHe8kKO8uds

GP14 I bet you a quid we are up on Monday

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.

I hope you've gone to bobos now Goon as you have to be up for 7!

@ 50p I'd sell ½ mine and watch the rest comfortably.

£200,000 worth of trades stuck on at end of week and they don't know whether they are buys or sells ?? Ridiculous.

If I buy even a small number of shares at 14p I pay about £8 in broker fees. So all these trades which cost say £16 would mean actually paying 21p per share. I am guessing that it is the MMs messing about with the sp.

Since 3.00pm we have had 50 trades under £100 which are irrelevant. 7 above £100 - 6 buys and 1 sell. Then the one after hours at 04.35 for £25,000 . Should open well on Thursday? I'm very confident in this Company.

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.

KB but if oil hits record highs there will be more reliance on gas

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.

GP14 - I was also excited when I saw the RNS and the news was so good the SP went up by 1/200th today. I nearly choked on my Cider.

Whimax I agree and don't mind myself if they brought the onshore into the deal as long as 2 things happen.

1 It is a great deal

2 They get on with it !

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.

Someone bought a share at 12.03 today for 15 pence. That should help a bit.

Hi ICB888 - how do you work out that 1.7million is many multiples of 740,000?

I hope you are right about news during the summit.