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Cenkos report has upped their target price to 60p. They have been first on the sell side for weeks and now the fund raise is done ( oversubscribed what a surprise!) they think we are worth more. Hopefully once the panic sells have been moped up we will bounce
Ive been stuck in a 7am rns optimism rut since Christmas when the gsa's were almost done and dusted. Then we had the H1 timeline to assume news in and now we are in the expectation of an rns to confirm the latest info of partnering, finance and the gsa's ( still!!) BUT so many variables to get excited about and really until that rns lands we are none the wiser on how Chariot have played it but hope they have made the most of their strong hand,
gla
Malcy has long had a love for Chariot and today he comments on the end of year results as follows...
Outwith the results themselves the real draw of the announcement is that Chariot is clearly in receipt of ‘multiple’ offers as they continue the partnership route. Indeed the company say that they have seen a number of significantly larger E&P’s in the process which adds to the excitement and also that they are all well funded enough to self-fund the development.
Wizzard, that would be lovely and the upside is output increasing to 150 from 105 and hopefully chariot will keep more than 25% of anchois, then add in any additional gas from the wider license, this is what keeps me dreaming of good things ahead .....but for now we are stuck at 15p with no one interested in us until things are nailed down and what chariot states is happening is validated by farm in or fid
Henry, if Char keep control of anchois ( proven gas) and have a small stake but free carry in the bigger license ( as yet to be proven) what more could you expect or want? A small % of a very big pie is still a lot of pie :)