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Rs5, Duncan Wallace in his proactive interview this week mentioned Soc Gen were working on the financing. He also said that following the recent fund raising CHAR was well funded for the years ahead. He said they want to get cash in as soon as possible which will then fund ongoing organic growth. I therefore don’t agree with you implying that a further fund raising will be required anytime soon.

Exactly news could come any day. Absolutely no idea why someone would be waiting for the AGM as you won’t get anything from that which is not known already.
The final results have been issued and this is the outlook that will produce news:
“ Chariot is focused on:

· Delivering prompt FID on the Anchois gas development

· Progressing towards production and material cashflows from Anchois as quickly as possible.

· Strategic partnering in Morocco to accelerate growth from a portfolio of high value, low risk upsides

· Further development of the pipeline of Transitional Power projects.

· Evaluation of further value-accretive new ventures in line with the Company's focus on the theme of energy transition.”

We could have news of financing, farm out or a bid at anytime now.

It is difficult to understand why BLU is currently red when the only available news is that GILD of which BLU owns 5.95% is up over 30% and is top of the Leaderboard.

It is true that the value of the Coke deal has not been announced but the fact Guild have secured sponsorship from one of the worlds most valuable brands has got to be a major boost to bringing in the other 29 deals in their pipeline.
GILD currently Up 36% at 2.25p.

Guild should have a good day today after announcing a sponsorship deal with Coca Cola.

Yesterday’s tweet confirmed progress on the BFS:
Condor Gold
@CondorGoldplc
·
23h
All technical studies undertaken at the Project level are complete and you can expect the Feasibility Study for the La India open pit and associated mine site infrastructure this quarter.

Dig into our most recent exploration update: https://bit.ly/3IBA5d7”
Today CNR Up 4.5% on low volume. That’s a fact by the way which deramps rarely are.
The BFS has been delayed but it will be that much more valuable for conducting the extra work that was required by the finance guys/ potential bidders just before the target date earlier in the year. A very thorough BFS will more than pay for itself by the increase in value of the asset. Not long to wait now and it could land any day now.
Mark has 2 presentations in the US in September so he will want a BFS and all his ducks in a row by then.

“>7Tcf of Identified Rissana Potential
Beyond the Lixus licence, the resource report has highlighted the substantial potential
prospectivity that exists across Chariot's Rissana Offshore licence. An early assessment of the
areas covered by 3D seismic has provided a total 2U prospective resource of >7Tcf. This figure
includes a newly identified, high-graded prospect 'Emissole' within the same tertiary gas play as
the Anchois field and higher-risk/higher reward Mesozoic plays inherited from Chariot's legacy
Mohammedia Offshore licence.
We believe the Rissana Offshore Licence provides an opportunity for Chariot to attract some of
the larger industry players, who will be attracted by the lower risk commercialisation of the
Anchois field, and the higher risk/high reward Mesozoic Rissana plays.
The initial minimum licence commitment on the Rissana Offshore licence is the acquisition of a
2D seismic survey, which will further help to evaluate and de-risk the licence's prospectivity.”

Clearly this is a very large resource. It is interesting to note their comment that the Rissana license provides an opportunity for CHAR to attract some of the LARGER industry players. Hinting at bids perhaps?

“ This is an incredible announcement with a new report on Lixus showing that the whole area continues to grow and provide the opportunity for Chariot to fast-track the development and move to cash flow and revenues sooner than expected.

I am not going to repeat the numbers in the RNS above, save to say that they are material across the board. No one needs reminding that this is about as valuable a gas project as it is possible to have in the portfolio, it will be a company maker for Chariot who it should be remembered also have a substantial business in assisting mining companies in Africa transition to renewable energy sources for their operations.

Indeed for Morocco, who are encouraging the development of much needed domestic natural gas, the terms of business are second to none. Indeed seeing that Algeria has committed to increasing its natural gas to Italy, Chariot’s prolific find is as valuable as it gets.

Chariot shares are a steal, they have come some way from a year ago but have drifted lately along with other sector favourites but this stock was always going to be a multiple bagger, I would suggest at 20p today a multiple of at least 5, more likely a good deal more. ”

I have listened to the interview with Duncan and agree wit all your comments. Duncan comes over as very genuine and professional. The comment about being fully funded for years is very reassuring so no more placings. CHAR Directors have said on a number of occasions that they are focused on shareholder value. The CFO promised us a 10x share price event at 10p and that ties in perfectly with Jimmy23’s confirmation this money that he thinks the value is £1.

That is an important tweet today. When Mark gave his last presentation in New York on 6thJune there were 3 items still to be action by SRK:
Metallurgy Additional test work
Mine and Waste Dump schedules In Progress
Geotechnical Reviewing
If the tweet confirms all 13 sections are now complete perhaps the Financial Model which hadn’t been started has now been completed as well.
The fact that thi BFS is now very close probably explains the ever more desperate and manic deramping that has dominated the bb’s in recent weeks.

As I am sure you are aware Tester it is very unusual for out of the money warrants to be exercised. I am sure it would have been a different story if CNR had been 28p or 35p. Why pay 25p when you can buy them on the market for 23p. It doesn’t follow as you suggest that they don’t have confidence in it being over 25p anytime soon.
Suggestions of bankruptcy are taking deramping to a level that the derampers on the other bb haven’t yet descended to, but perhaps you are one of them as well. CNR has just raised £3.25 million and will shortly release the BFS followed by financing and/or a bid.

In the 3 month results RNS on 13/5/22 this is the final paragraph:
“ In summary, the La India open pit including the associated mine site infrastructure is essentially construction ready and materially de-risked. The plan is to add the two fully permitted high grade feeder pits of Mestiza and America to the mine plan during the construction phase. The Feasibility Study on La India open pit is almost complete, the formal announcement will probably take us into Q3. It will put the Company in a position to pursue various project financing alternatives, some of which have already been initiated."
It says the formal announcement will probably take us into Q3 and I interpret the word “probably “ to mean a possibility that it could occur in Q2. It didn’t and we are now nearly 3 weeks into Q3 so it should be imminent. The fact that some project financing alternatives have already been initiated suggests financing will be announced very quickly after the BFS if not at the same time.
I don’t share the negativity and talking down of the sp that is all to common on this bb and even worse on advfn. It should also be remembered that completion of the BFS may well lead to a bid or bids. That is the best time removing the need for more financing and potential dilution.. we know Mark has been talking to a major about copper and that is likely to be Rio. The most likely bidder would appear to be Rio either directly or using Calibre. It just seems to make economic sense to run the mines together and Calibre could start processing Condors gold at their underused mill almost immediately.

Good to see that Mark has exercised his warrants even though they are not in the money:
“ Condor Gold (AIM: CNR; TSX: COG) announces that pursuant to receipt of notice for the exercise of warrants from Mark Child, Chief Executive Officer and Executive Chairman of the Company, it is issuing 8,333 New Ordinary Shares with a nominal value of 20p each in the capital of the Company (Shares) at an exerciseprice of 25p per Share. Another shareholder has exercised warrants on the same terms resulting in the Company issuing an additional 83,333 Shares. The Company has received total gross proceeds of £22,916.30 from the exercise of warrants.”

Blu button you are moaning about the Board yet again but not in a constructive way. I will therefore ask you again the question I posed to you on Friday but which you have so far not responded to:
“ Blu button
You say you would like to have had a value attributed to Satoshipay some time ago and presumably you are holding Derek Lew responsible for the lack of such valuation. Let’s hypothetically put you in Lew’s job and could you explain how you would have obtained a validated valuation of Satoshipay that could be released by BLU in an RNS.”

Jimmy23 is just giving Serica as an example of a cash rich oil company. There are of course many others some of whom are much bigger than Serica and with much deeper pockets. I would imagine several companies including the majors are taking a good look at CHAR. The release of the CPR will be the time for the bids to appear if not sooner. Very exciting times to be a CHAR shareholder.

If we want a little good news to end the week on a day Blu is down for no obvious reason we can look to Guild currently Up 9.9% at just below 2p. This is the price it rose to on a much larger rise earlier in the week when it released this statement:
“ Statement regarding recent share price movement

The Company (LSE: GILD), notes the recent movement in the Company's share price and speculation regarding prospective new sponsorship deals and is issuing this announcement by way of clarification.

As announced on 30 June 2022, the Company has a strong pipeline of prospective new sponsorship deals at various stages of negotiation including several that are at advanced stages of discussion.

These discussions are continuing, and the Company will make a further announcement if and when it enters into any formal agreements or contracts with new sponsors”
It would appear good news is imminent at Guild to hopefully boost its sp back to the IPO price of 8p. As Guild is listed we can value our investment everyday. While it is performing poorly I believe BLU has invested just over £700000 in Guild so just over 2p will be break even and then we will move into profit. Guild is not likely to give us the returns we are expecting from Dynasty and Satoshipay but back at 8p it could create us a substantial cash profit which we could realise at anytime from a listed investment.

Blu button
You say you would like to have had a value attributed to Satoshipay some time ago and presumably you are holding Derek Lew responsible for the lack of such valuation. Let’s hypothetically put you in Lew’s job and could you explain how you would have obtained a validated valuation of Satoshipay that could be released by BLU in an RNS.

Guild having a good day on no news Up 27% at 2p on volume of 12 million.

We can’t get a reliable valuation of Satoshipay unless there is a financial event to validate it. So patience is required but if the valuation is as we expect, when that event occurs BLU will rerate immediately and if you aren’t in it will be a lot higher before you can buy. The same goes for Dynasty, where we will get an announcement of probably a sale out of the blue one morning.

A slow start with just 8 trades so far similar to yesterday. But later in the morning the AT trades kicked in and we moved above 20p on volume boosted by large late reported trades of 4.5 million. It will be interesting to see if a repeat of yesterday to build on the 10.9% rise we have had this week.