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More evidence that Leap is considered a leading company in its field. This can only be good for its value.

Was the placing such a bargain for those who participated. The last placing in November was at 35p . You can today buy as many shares as you want to at 30p. It’s true that they also got warrants but the warrants give you the right to buy shares at 50p. Again you can buy shares today at 30p instead of a 50p price for your warrant. The Directors have supported the company at 36p a share and are now sitting on a loss on those shares. Their warrants are worthless until the sp rises above 50p. If the warrants are exercised that money goes to the company. I am not sure why you think the deramping by the traders has any benefit to anyone but the traders and personally I think the FCA should take more interest in these attempts at market manipulation.

Seingred doth protest to much. His latest post is another classic example straight out of the derampers playbook. Fortunately most posters on here who are not part of the deramping boiler room take little notice of him and his mates. Responding to him only gives him the oxygen he craves and encourages his pompous know it all verbal diarrhoea.
We all know dilution is a fact of life for non producing miners with no cash flow , hence are disappointment at no toll mining deal so far. Mark’s strategy is to try and minimise dilution because he is a much smaller percentage shareholder than he was a few years ago. Yes Mark does take shares in the placing but not very many as he doesn’t have the deep pockets of Jim Mellon so he keeps getting diluted.
Seingred is the resident deramping village idiot attacking a company he claims to have shares in. Only an idiot would want to damage his investment.

On 3/3/22 Vulpes/Diggle bought 250000 shares at 12p. It would be good if they could do the same again now to try to stop this drop in the sp.

You don’t need me to tell you that this is an exceptional result from Chariot, every which way the news couldn’t be much better and the Anchois gas project goes from strength to strength. With better than expected volumes of better quality gas confirmed, even the treatment of the gas will be minimal and development relatively simple.

It is also good to hear CEO Adonis Pouroulis saying that he wants to bring this development on quickly which will not only satisfy local demand but repay Chariot shareholders. Indeed with current European gas prices and no sign of any demand waning I’m sure that the Moroccan authorities will create perfect conditions for a speedy move to first gas.

As I write the shares are up some 16% at 16.15p which is fine but in no way recognises the potential value being created at Chariot at the moment. I would go so far to say that the Anchois development on its own can be valued at a minimum of three times the current share price. If you add on the transitional power business which assists mining companies in Africa transition to renewable energy sources for their operations, then as already mentioned here before now the upside is a matter of a multiple the current share price.

From todays RNS:
“Further analysis is ongoing on the well data to understand the positive implications on gas resources, and scale and economics of the development.”
This is just going to keep getting better and better as the news keeps flowing. The queue of Finance guys will have just got a lot longer!

I agree with you EL, I don’t think we will have to wait long for the BFS. We know from comments Mark has made in interviews that he is pi..ed off with the bb traders who have kept raising the land issue which has hindered his negotiations. I think he has decided to teach them a lesson. They have attacked him again today and called for his removal but the market is not interested with just 35 trades and a volume of 340000. The buys and sells were virtually balanced with just 10000 more sells than buys. The sp has held above 30p and the derampers have to decide when to buy in knowing that any morning that BFS could be issued. Further if they don’t think the financing talks are well advanced and will be finalised very quickly after the BFS is issued , they are living in cloud cuckoo land.
I don’t trade this share and I hope Mark teaches the derampers a very costly lesson.

The financial and other information you would like to have about Leap will not be released at present because it is commercially sensitive and there is no benefit to Leap in doing so. We also know that Leap has been preparing for an IPO and/or M&A for sometime. In such situations strict rules about disclosure apply. If it’s an IPO the information will have to be presented in a formal prospectus in accordance with Stock Exchange rules.
If (which would be hunch) it is a sale of our shareholding in Leap the most likely buyer would be IMG who already have 22% and a very close working relationship with Leap. In that scenario there can be no disclosure prior to the deal being announced because of US stock exchange requirements applicable to IMG. So if it’s a deal with IMG we will just wake up to an RNS with out any prior warning and that could happen any morning.

The market cap now being above £100 million is putting CHAR on the radar of a lot more II’s many of whom wouldn’t invest in companies with a market cap below £100 million. We have seen a considerable number of AT trades this morning as the volume passes 11 million after 2 hours trading.

This is moving quickly AT Buy of 75000 just gone through at 13.5P

The last AT 100000 Buy was at 13.10p and 13.16 has been paid. Up 3.1% on volume of 1.9 million. Loki g like another positive day of new highs.

CHAR has risen over 50% in March and there are still 4 trading days to go. On Friday a new 52 week high was set and we should now push on to new highs as we await the new reserve estimates and further increases in the broker targets. The previous high to Friday was the 23p reached in January 2018, which is considerably below the recent broker target of 35p. The 35p is in my opinion very conservative and will be updated when the new reserves are released. There is already another broker target that have been issued at 50.2p giving a median target of 43p which is a 240% increase from Fridays close. The higher target would be a 300% increase.

Nick Slater agrees with my view on Dynasty:
nicholas slater
@patviera
·
7h
The fact that #blu haven’t mentioned Dynasty can only mean that Dynasty have some great news they are about to release.Fingers Crossed

It is a very good report demonstrating substantial increases in value across the portfolio. I particularly like the statement they have made about the value of Satoshipay
“ It is the Board's view that the valuation of SatoshiPay may have increased significantly since the last fund raise given the launch of DTransfer and Pendulum.”
However the one company they have not given a post period update on is Dynasty where we all have been expecting news to arrive any day. There is no mention of the IPO or discussions with Global Big Tech that was discussed in Dereks interview with the CEO of Dynasty. I suspect that we are close to an announcement on Dynasty but they can’t say anything at the moment because it is market sensitive. I am reading between the lines but feel confident that big news from Dynasty will land very soon and they had hoped to get it before the results had to be released.

Up 5.4% at 12.125 on volume of 6 million is a very satisfactory end to the day. The January high is very close now so let’s see if we can push through the high tomorrow and see what we can do to get to that initial target of 35p which is very conservative imho.

After an hour Up 1.3% at 11.65p and we have had an AT buy at 11.70p. We have had a steady climb from 8p over the last month and we should end the week at 12 or higher giving a rise of 50%. The January high is not far off.
The pricing of CHAR is very strange everyday with the SP often marked to the last AT trade rather than the mid price. The key thing is the trend mentioned above!

There have been several big money deals in the gaming sector recently. There is absolutely no reason why a sale or IPO of Leap shouldn’t occur any day soon. I don’t agree with the essentially negative speculation that is becoming all to common on this bb. You are of course free to go with the derampers views but as SEED is at such a massive discount to NAV don’t be surprised if news drops and this goes up 300% Rey quickly.

Chariot Limited
@Chariot_Energy
A new research note out from Peel Hunt today, "Momentum building across multiple fronts". PH state: ‘2022 could see significant progress on various fronts that have potential to add material shareholder value’. The firm reiterate their Buy recommendation and TP of 35p.

The Diggle article mentioned the problem s of delayed trials:
“Biotech’s big opportunities
Mr Diggle sees big opportunities to take advantage of collapsed valuations of firms (except vaccine makers) that have been unable to continue human trials amid COVID-19 but continued to burn cash on R&D. He will seek out platform technology companies rather than just drug discovery.
“We want to take advantage of this incredible opportunity in biotech where everything is burned to the ground, and we want to raise a lot of money in the second half of this year to start a new private equity fund to invest in the UK, because that’s where our strength is.”
Scancell is well funded to deal with those delays but clearly Diggle will be keen to provide more as and when required.

When people are making their references to mortgages and security it should be remembered that although we are not happy with our share price , we do have a market cap of £80 million. So the lenders do have a valuable asset as security for a loan. The board are waiting for the drill analysis which is essentially out of their hands. It is unfair to criticise them until we see how quickly they can move once it’s received.