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Exactly there are many reports from external parties that are required for the CPR and some depend on others. It is not difficult to control the delay if you want to I would imagine!

Highest price of the day just paid a 30000 AT buy at 19.90 taking CHAR Up 2% on volume of 2.5 million.

CHAR had a decent rise yesterday to close at a 3 week high. The volume has picked up quickly in the last hour an the back of rapid large AT trade buys at 19.50. The volume after 2.5 hours trading has nearly equalled yesterday’s 1.74 million. Let’s see if we can move back above 20p as we await news.

We had a report on all BLU’s investments in an RNS 2 weeks ago so what were you expecting from Derek Lew in the last 2 weeks. BLU can’t make up news about its investments and can only release news if it is issued by the underlying investments. Private companies tend not to release commercially sensitive information and unlike listed companies have no obligation to do so. Please be more specific about what you think Derek is not doing that would materially affect the sp. I think only very specific news about Dynasty and Satoshipay will move the sp and I am sure that will be released with appropriate fanfare when it happens.

A good start to this week with the highest closing price in 3 weeks.

Here is the part about gas and renewables which ends up mentioning the third strand of CHAR’s business, hydrogen.
“ The price of natural gas

Nitrogen is another major element of fertilizer that plants need. Diammonium phosphate, the most popular type of phosphorus fertilizer worldwide (which Morocco produces along with monoammonium), is composed of 46% phosphorus and 18% nitrogen. Natural gas accounts for at least 80% of the variable costs of nitrogen fertilizers.

This means that the price of natural gas greatly affects the cost of production. But Morocco has scarce natural gas resources. And natural gas prices are rising sharply.

How well Morocco manages the food, water and energy nexus will affect both its own economic development and the stability of food supplies around the world.

Some answers

The main thing is the expansion of the renewable energy sector. Morocco has significant solar and wind resources. Fertilizer production can run on renewable energy, and renewable energy can be used in the fertilizer itself.

In 2020, the state-owned fertilizer company covered 89% of its energy needs through cogeneration (the production of two or more types of energy from the same fuel source) and renewable energy sources. His goal is to cover 100% of his energy needs this way.

Renewable energy sources can also be used in the fertilizers themselves. Instead of importing ammonia derived from natural gas, Morocco could produce its own using hydrogen produced from domestic renewable energy sources.”

There is an article published today about the global importance of Moroccan Fertiliser. Latter in the article it points out how important gas is to the process and how renewables to produce electricity are also vital. Both of these would seem to be major opportunities for CHAR:
“ Morocco, a leading fertilizer producer, may hold the key to the world’s food supply – SABC News
July 11, 2022

Morocco has a large fertilizer industry with huge production capacity and international reach. It is one of the four largest world exporters of fertilizers after Russia, China and Canada.

Fertilizers are generally divided into three main categories; nitrogen fertilizers, phosphorus fertilizers, potash fertilizers. In 2020, the size of the fertilizer market was about 190 billion US dollars.

Morocco has a clear advantage in the production of phosphorus fertilizers. It owns more than 70% of the world’s reserves of phosphorite, from which the phosphorus used in fertilizers is obtained. And this makes Morocco the gatekeeper of the global food supply chain, because all food crops need the element phosphorus to grow. Indeed, so does all plant life. Unlike other finite resources such as fossil fuels, there is no alternative to phosphorus.

continues...

hTtps://zanewslive.com/morocco-a-leading-fertilizer-producer-may-hold-the-key-to-the-worlds-food-supply-sabc-news/29739/

What makes you think 2 executive Directors are wealthy enough to make substantial share purchases in CHAR? I think what they have invested is perfectly acceptable and clearly they don’t have the history of successful businesses that allows Adonis to own nearly 10%.

Grey goose, your frustration is understandable but it is wrong to say nothing has happened for 8 months. We know a lot of work has been underway in relation to the BFS which has been further evidenced by additional funds being required to complete it. All 14 elements of the BFS have to be completed before it can be issued but the parties in the data room can see what’s available and therefore finance discussions and even potential sales can be running along side the BFS.

The warrants don’t expire until Friday (15th July) so we will have to wait a few more days to find out if the warrants are going to be exercised.

There are comments on here saying that the big boys are not involved in Chariot and it’s just retail investors. This is not true as per this extract from a December placing RNS:
“ Commenting on the Fundraising, Adonis Pouroulis, Acting CEO of Chariot, said:

"In addition to the ongoing support of our existing shareholders, I am also pleased to welcome a number of new institutions onto the register. I can confirm that myself and my fellow directors subscribed for a material amount of the raise, all of which resulted in the fundraise being significantly oversubscribed. We recognise our strong retail investor base, and we encourage them to support the business with its growth ambitions via the Open Offer. In closing, we look forward to providing further updates as we head into a busy operational period”
It should be remembered that at CHAR’s current market cap of £180 million a 3% interest requiring disclosure would be worth £5.4 million. So it is entirely possible that a number of institutions have holdings of upto £5 million but are perhaps waiting for further derisking before moving to above 3%.

A very good post Jimmy which seems a very plausible scenario for the coming weeks as this moves forward and the sp moves to a higher level. I am reading your post in my garden after a few glasses of wine before dinner but I can’t fault your logic. I am looking forward to seeing an sp in the 40 to 50p range as the farm in rerates the share. It is unfortunate that the market is in a down trend currently and CHAR will therefore wish to pick their moment to release the news to gain maximum effect.

They will only submit it when they know it will be approved. We all know that means Hasina. Once She gives the nod it will happen very quickly. The time should be now.

Let’s hope the warrant holders are also loyal shareholders who want to help the company and are confident it will soon be a lot higher because at the moment the warrants are fractionally out of the money. But as you would have to pay 25p to buy in the market you might as well convert the warrants and strengthen the company’s cash position.

You would expect serious political problems for Hasina from her failure to mine Bangladesh’s own coal. When the people are on the streets demanding her resignation will she change her mind. Notwithstanding the desperate need for the coal in any event it is clearly economic insanity and more environmentally damaging to use poor quality imported coal rather than high quality own coal.

Look at this extract from the article:
“ On the other hand, three units of Barapukuria coal power plant are producing half their capacity using coal produced in Barapukuria.

These units cannot go into full production because the coal mine is not producing enough coal.

Tawfiq-e-Elahi Chowdhury said the full capacity of the Barapukuria power plant cannot be used as coal production at the nearby coal mine has remained suspended for development of the next phase of the mine.”
It should noted that Phulbari is just 10 miles from Barapukuria. It’s essentially part of the same coal field. Seems very odd not to approve coal mining 10 miles away from where you have a clear need for coal.

Isa pension, could you please tell us what Mark should be doing to stop the drop bearing in mind that all gold companies are experiencing similar drops as evidenced by their very similar share price graphs look at GGP just as an example.

If I recall correctly Mark stopped some of the drilling because no matter how much gold was found it was ignored by the market in terms of the sp. He therefore decided it didn’t make sense to spend more money for no return in getting the sp up , which was the aim so further funds could be raised at a higher price with less dilution.

In a September 2021 RNS Mark commented on successful drilling at Cacao:
“ Mark Child, Chairman and CEO commented:

"Part of Condor's strategy is to demonstrate a 5M oz Gold District. The recently completed 3,500m exploration drill programme has been a success. A 10 metre plus true width mineralised zone including the main Cacao vein has been confirmed for a strike length of approximately 1,000 m beneath and extending to the East of the current Cacao Mineral Resource of 662 Kt at 2.8 g/t gold for 60,000 oz gold. Drill hole CCDC033 intercepted 14.9 m true width at 3.94g/t gold beneath the existing mineral resource, and 700 m along strike of this intercept, drill hole CCDC028 intercepted 32.9 m true width at 0.38g/t gold (see Figure 1). Cacao is interpreted as a fully preserved epithermal gold system due to the sinter on the surface and its preservation in a downthrown block. The current round of drilling has been interpreted to be clipping the top of the gold mineralising system, with the gold grade increasing at depth. It is highly significant that a wide, greater that 10 m true width, mineralised zone for a strike length of 1,000 m, open along strike and down dip, has been identified with grades increasing at depth".”
The RNS also mentioned future drilling:
“ Further drilling is being planned to follow-up on both targets. Further resource extension drilling to expand the mineral resource down into the high-grade zone at depth, and exploratory drilling along strike below the wide, low-grade gold anomaly to test the concept that this is the low grade halo above a deep strike extension of the higher grade epithermal system.”
This possibly makes a sale increasing likely as there is often talk that the industry wants 5 million oz+ gold mines. Condor has talked about 5 to 10 million ozs for some years now and it should add considerable value to prove this to potential purchasers.

You should be careful about relating Condors current share price to factors related specifically to Condor. If you look at the share price charts of other Gold companies large and small you will see they look very similar to Condors chart.