Member Info for ICB888

Really motoring up the Leaderboard. Now Up 9.6% at 1.425 as the offer moves to 1.45p which has already been paid twice on small trades.

The largest trade of the day has just gone through 571000 Buy at 1.4p. Looks as if another move north is imminent.

Now Up 5.8% at 1.375p on volume of 2.4 million. Full offer of 1.4p has just been paid. When the SCIR is approved , hopefully this week the news about drilling should follow very quickly. Gas is expected this year .

Slow start with 9 trades so far with a rise of 1.92%. The buys coming in with the highest so far 1.375p

Goonerpete

Your deramping is so blatant it’s embarrassing. The markets have had a terrible week and month. How many stocks were in positive territory today? CHAR is suffering from poor market sentiment as are the vast majority of companies. If you have no confidence in CHAR’s prospects sell if you hold any stock and buy something you believe in.

I am a long term holder of CHAR and have continued to buy and take up shares on every open offer and have bought in the market. I have never traded this share. I think CHAR is well positioned in the Energy Transition space and the near term news relating to Farm In’s and financing will move the sp to a much higher level.

I do comment on other shares in which I have invested. I only invest in shares which I believe will prosper and therefore my posts on those shares are positive. I am happy for long term holders to form their own view of my posts and also to form their own view of the Goons deramping. I think that by looking at the recommendations the relevant posts have received judgment has already been passed.

I said I would not be surprised to see large buys before the close. It actually happened after the close with a late reported 4.6 million buy at 1.299p at 9.48am . Next week looks very promising following 29.2 million volume.

It has been a dreadful week for the markets and CHAR like most companies has not been spared. However I think the fall to 14p and then starting to move up again is an important moment. It is almost always the case that when any company has a placing the sp will at some point fall to the placing price in our case 14p. This fall to the placing price often only lasts for minutes or hours as has been the case today. Rather irritatingly the MM’s decided to drop the sp from 14p+ where it had been all day to 13.94p on an uncrossing trade of 6000.

This was then followed at 16.45 by the largest buy of the day 1.3 million shares at 14.2635p, which will ensure this opens above 14p on Monday. In fact as I write 2 further buy trades have just been added 57000 and 467000 both at 14.2562p. That takes the total buy volume to 3.2 million double the sell volume.

Volume now 23.6 million closing in on the weeks highest volume of 26.1 million. The sales volume is running ahead of buys at the moment as it has done at times during the day. I would not be surprised to see some large buys before the close.

Another late reported Buy from 2 hours ago 2.4 million at 1.291p taking todays volume (that we know about) to 17 million.

A late reported trade from 2 hours ago 2.8 million Buy at 1.294p at the same time as the small trade at 1.30p. So the2x 1 million sells were quickly hoovered up by that buy a few minutes later.

You need a digital subscription to Investors Chronicle to access the data on each company from their website.

From the IC website:

“ The one analyst offering a 12 month price target expects Aminex plc share price to rise to 3.14 in the next year from the last price of 1.23.” Which would be a rise of 156% from 1.23p.

The 52 week closing high for AEX is 1.35p on 17th October 2022. It closed at 1.28p in April this year. There looks to be a good chance of reaching a new 12 month high today or next week.

Interesting that you failed to comment on the 36 AT buys of 11255 shares all at 14.43. That’s 416000 shares quickly mopping up the sells. At the end of the day the trading was evenly matched and the mm’s were able to make a few pennies. Nothing too bothered about, just a little patience until one morning soon when an RNS drops with the first news announcement. In my opinion it will be the SCIR completion of the transfer to ARA of their 25% interest. Then news about Anchois should flow thick and fast.

Perhaps worth noting that last Wednesday AEX closed at 1p. If it holds todays gain AEX will be up over 20 percent in a week. The market is recognising that news is just days away. Highest price paid so far today is 1.24p

Just a reminder from the IC website:

“

The 5 analysts offering 12 month price targets for Chariot Ltd have a median target of 47.92, with a high estimate of 65.21 and a low estimate of 34.57. The median estimate represents a 232.79% increase from the last price of 14.40.”

So that is a clear buy from all the analysts covering CHAR

This is from an article by Simon Thompson on 12th July:

“ Chariot (CHAR:15.3p), an African-focused energy group developing and delivering transitional energy projects, has raised $15mn through an oversubscribed placing of new shares at 14p. The goal is to fund a drill programme on a new onshore Moroccan licence and for working capital. On the 11 July 2023 record date, existing shareholders are entitled to participate in a one-for-58 open offer that will raise an additional $3mn. I would certainly take up your allocations by the 31 July deadline.

As I noted a fortnight ago, the directors are in the final stages of selecting a farm-out partner for their flagship Anchois gas development project in Morocco. I can now reveal that an announcement will be made shortly, which could materially provide the financing of the development capital to first gas and significantly reduce the risk of dilution to shareholders. I can also reveal that investment bank Societe Generale is in ongoing discussions with a consortium of European and Moroccan banks which have “indicated their appetite to provide debt finance.”

When the above happens one would expect the shares to rerate rapidly. It would seem highly likely with CHAR’s existing partnerships with Total that they must be favourite to become the partner for the Moroccan gas. Total could also fund it out of their small change. Total could decide to bid for Chariot and take everything in house as their transitional energy arm.

John Rossier who runs a portfolio in IC gave his update for July today. He added to his existing holding in SLP at 70.2p on July 5th. This was his comment on SLP:

“ Sylvania Platinum fell due to the weak rhodium price. It was down 16 per cent during the month and is back to levels last seen in September 2019. Fourth-quarter results to 30 June steadied investors' nerves. Production exceeded guidance, and year-end net cash amounted to more than half of the market capitalisation. It's cheap on around five times earnings per share and, after stripping out cash, four times cash flow. While inexpensive, platinum group metal prices probably need to recover to get the share price moving. The forecast yield is 7.9 per cent for the year just ended, falling to 6.2 per cent in June 2024. On Stockopedia, it passes no less than 13 of its "guru" screens covering all bases – quality, value, growth and income. It has been a long-term holding, and the total return is 73 per cent. Again, I expect my patience will be rewarded.”

The UT this morning was 28.5p. Will this prove to be a good omen for today’s direction of travel.

The SCIR/ARA transaction has a long stop date of 31st August so the next 15 days. It makes total sense to allow that to happen before issuing the Development License to ARA without having to involve SCIR. I believe that ARA are playing a canny game of not progressing the Development until all the ducks are in a row ,the last of which is SCIR’s 25% being fully transferred with Government approval. Once that happens it will be all systems go by ARA and the shares should rerate imho.