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At long last you have brought a line of discussion which is very well informed, positive and very intelligent in contrast to others on here. As I have mentioned before I have been involved with venture capital for many years from a financial investment perspective but without naming names we have been involved with cancer research drugs, mechanical heart valves, stem cell research and applications, alzheimers and parkinsons disease research, anti arrhythmia drug development as well as viagra. Some projects were more successful than others but in every case we were 100% behind the drug development exercise and supported project throughout. Hemo has a brilliant team of scientists, good facilities and a very capable management team but I do know that dealing with the American FDA can be a challenge. In the past I have seen knighthoods awarded to some of our more successful scientists which is a great endorsement for their efforts. As I have said before I have a personal medical interest in the success of Hemo as well as a financial interest and hopefully we can all support Vlad and his team in the expectation of a successful medical and financial outcome. I am not sure how you can short sell a medical outcome rather than a financial outcome!! Patience is a virtue but it usually pays off provided your research into the project and the company personalities has been reliable.
As an aside, our company (not me) were the first venture capital investors into the original Apple Computer back in the 1970's and yes, we did make a few pennies profit when we sold but it is mind blowing to consider what our original 8% would have been worth in todays market. Hopefully HEMO can follow suit but on a shorter timeframe. Keep the Faith !!!
Just out of interest my background was in Hi tech venture capital, particularly in the US market. We usually invested right at the beginning of new ventures normally via convertible pref shares. One biotech that I do recall where we held approx 5% of the equity. The company made good progress with their drug development programme, went to a successful IPO and unfortunately our Board decided to sell even though I voted against the sell decision. Yes, we did make a few million on the sale but nine years later that same company was sold to Johnson and Johnson for 4.2 billion dollars!! A 5% interest in that sale would have been quite worthwhile.
Four years ago I was diagnosed with Non Hodgkins Lymphoma (NHL) and by absolute co-incidence I came across Hemogenyx and saw that our friend Vlad was strongly focussed on NHL so I became a reasonably significant LTH in the belief that one day I may need Vlad's drugs. In the meantime I have been treated and am now very pleased to be "in remission". In any case it would be wonderful if HEMO was to develop and eventually be purchased by Big Pharma on similar terms to that mentioned earlier!
I have also been involved with Phase 1 and Phase 2 clinical trials from a business point of view. but in the UK. These trials are very strict particularly Phase 1 which is "first into Man" and if there is any doubt as to the drug safety it will be failed and referred back to the developer. However, if it survives Phases 1 and 2 the future prospects are very much improved. All this does take time with an incredible amount of formal paper work and certifications but eventually the payback can be unbelievable. HEMO have at least three big drug developments in progress so the future does look very positive indeed for the company and Vlad does have some excellent people around him who know the biotech world.
Patience is a virtue and that is why I have not ordered a new Aston Martin as yet but hopefully my NHL will not cause a future problem and I will be able to enjoy the Aston in a few years time!!
Keep the Faith and ignore the shorters who should be banned from these important shares. I am sure I am in the right place at this time as a LTH.
Jimmy. Please include me as well; "JohninGsy". How do I access the Group because I am interested in joining. I have been a LTH for many years and have known AP personally for many years as well so I want to keep in touch with Chariot developments.
I really value your contributions to this site. They bring a reality rather than some of the comedians / rampers that we see with some of the banter on here.
Troajan - Having checked your link you must be very wary of their comments and information. The article author reckoned that Pouroulis joined Chariot in 2020. What a load of rubbish. We all know that AP founded the company in the early 2000's and took it to an IPO sometime thereafter when Chariot had identified Oil potential offshore Namibia. My advice is not to take too much notice of these uninformed contributors.
Thanks JHFH for the very useful update and history lesson. I have been a LTH since 2020 when I was diagnosed with Non Hodgkins Lymphoma, stage 4. At that time I was starting chemo therapy and quite by chance found that Vlad was trying to develop drugs to combat NHL and blood cancers largely due to his family medical history. My professional background is in venture capital when I was based in Bermuda so I took Vlad at his word and purchased a reasonable number of shares in the belief that Eli Lilly were virtually in bed with Vlad. Unfortunately the SP took a gradual dive thereafter for whatever reason but I have hung on in the belief that Vlad will prevail and I may need his drugs in the future. Fortunately my chemo has been successful so far and I am in remission but there is always the possibility of a relapse. Therefore it is clear that I am invested in Hemo both for personal medical reasons and also hopefully for significant financial profit regardless of the dubious activities of some of the traders and brokers around here.
Over the years I have been involved with some unbelievably successful world famous technology and biotech companies where we invested at a very early stage usually as a private company prior to IPO as well as a few failures which I am not going to disclose here but this does make me very aware of the tremendous potential of each of Vlad's pharma pipelines. Hopefully Vlad will see good sense and will stop playing finance games with the less scrupulous brigade mentioned by JHFH in the hope of saving a few pennies and he will start to use industry professionals with a solid track record for the ultimate benefit of all involved here. The FDA approvals for clinical trials should be a watershed and thereafter any new corporate partners will expect to deal with top grade professionals not cowboys. It would be very positive if Vlad and his BOD would share more information via RNS communications and would stop relying of social media gossip.
We need to clear Phase one and Phase two clinical trials and if they are successful we should see some very significant revaluations.
We hope for the best.
I have been a LTH in CHAR for many, many years and anyone who has been involved in the investment industry will know that late July and August are essentially dead periods for investment information. Once the schools go back in early September life resumes and sometime thereafter news should begin to flow. I am sure that Adonis and his family will be away on holiday as will be many of his core staff so unfortunately we all have to wait for everyone to get back to their desks sometime after the US Labour Day.
Hopefully the wait will be worthwhile this year and a bit more productive than previous years.
Thank you Jimmy for your continual flow of very useful and informative industry information over the years. Hopefully we will all get to pay day in the near future.
Unfortunately I have to agree with the comments on RSA. Confirmation IMO is when the Russians and Chinese are having meetings or arranging visits to Southern Africa because they are fully aware of the natural resources available in RSA and neighbouring countries so it is only a matter of time before they step in to assist. I lived in RSA for four years and it is/ was a wonderful country with massive potential. Gold, diamonds, platinum, coal and now rare earths make for a valuable collection of resources.
I have been with this ridiculous company for too many years to remember and during that time the directors and senior executives have continued taking eye watering bonuses for essentially driving the company into the ground. Surely the real shareholders should have some rights to compensation for serious mismanagement and unbelievably stupid name changes!!
Maybe the jump in SP is because we have all been treated to an exhibition of some ex. Cullinan diamonds mounted in the Royal Crowns. We have essentially the most famous and productive high quality diamond mine in the world priced at bargain basement prices. Surely it can only go up substantially from here with the rapidly improving balance sheet of the company.
Guys
Don't forget that CHAR is a Guernsey registered company and as such I don't believe they file any tax returns in the UK. Therefore I believe the panic is over and I don't think Rishi will be able to levy any windfall taxes even if we are quoted on the LSE. Income tax /Corporation tax is tax on income and I do not believe CHAR has any income as yet so again it should not affect CHAR so we should all be safe.
I think that somewhere the wires have been crossed.
If I remember accurately there was some discussion after CHAR drilled in Namibia for the first time, just after IPO. I believe the drill was commercially unsuccessful but there were some strong opinions that the drill had been done in the wrong place and for some reason not in line with the CHAR geological research. I know that this is a very common comment following a failed drill eg. ADV recently, but the current level of interest and investment in Namibia could suggest that the CHAR boys were correct the first time and the drill rig was out of position. This is all ancient history now but it does make you think and after all it is results that count.
I agree with Speculiar about tidal power, however the Channel Islands have some of the largest tides, sometimes up to 9m and there are also some very usable ocean currents as well eg. Alderney Race. Tidal power would be ideal for smaller communities eg. Channel Islands, Scotland Western Isles, Bristol Channel etc and would get these communities off oil fired generators and it would be UK technology. The Channel Islands do import Nuclear from France by undersea cable and sometimes this relationship is a bit fragile so it would be rather good to be self sufficient in a green way but without those dreadful wind turbines which are an absolute eyesore. Tidal power is a very sensible option but unfortunately the investment in that technology is very hard to find. There have been a few attempts but nothing as yet of any consequence. It would be brilliant if this technology could be developed by the UK and then exported worldwide with a "Made in UK" badge on it. Don't forget "Time and Tide waits for no man" so it should be fairly reliable. Otherwise Nuclear and Hydrogen will become the "go to" resources for larger applications.
It is no wonder that the Americans are apparently shorting this diabolical stock. The wheels have obviously come off somewhere but you can rest assured that the BOD and senior so called executives will be taking their performance bonuses even though the share prices have dived since August last year and also earlier. They even had the audacity to change the name in an effort to hide from a previously well known and well respected fund. Something needs to be done to look after the very long suffering shareholders.
Jimmy and SHC - if we politely ignore some of the rubbish on here I have been involved with CHAR for a long, long time. I even recall the £3 days many years ago !! Anyway, I would also suggest that the investment community has a very long memory and they recall the dismal days and our dramatic fall from grace. With this in mind Jimmy, can you recall the early drilling in offshore Namibia when the seismic surveys showed CHAR that this was the site to be drilled. If you also recall the drilling was carried out but unfortunately it achieved a zero result with red faces everywhere and a collapse in the share price which has yet to properly recover. If I remember correctly the company accused the offshore rig company of drilling in the wrong place but I just cannot remember the outcome. Just recently Shell have been drilling in the same general area and it appears that they hit the jackpot and have commissioned some additional drilling with the very highest of hopes of a good result. Jimmy, do you think this may have a knock on effect into CHAR because I am unsure of the extent of the respective licences in that area and whether the CHAR licence is still close nearby. Likewise the prospecting off Brazil was intended to follow similar geology but again that prospecting died even though I believe we have retained the licence.
In any event the recent developments by the company demonstrate that CHAR has an unbelievably valuable capital portfolio with hopefully the Namibia licences now attracting additional interest as well. The current price is so far out of line that it is a joke and surely it is only a matter of time before the new broker and hopefully the PR company wakes up and begins to promote the company in an appropriate fashion. If this ever happens maybe we will see some realistic movement in the sp even if the markets only normally react to real numbers which may be a year or so away. Patience is a virtue both for me and all of the other LTH on here but this must be a brilliant long term investment. If we do become the target of a takeover the BOD must be very responsible so as not to sell out the Long Term shareholders for a song after all this loyalty over the years. Think positive !!
I am not sure whether anyone has identified the BOD common denominator between the diabolical days at CHAR over the last few years and the recent disaster at ADV. With LP's departure and the recent RNS this may compound the problems. What does anyone think?
I have just followed the link to the recent Carnarvon announcements and presentations and they are very interesting. However, I did note that within the Buffalo presentation section Carnarvon were very pleased to confirm that ADV would be picking up the tab for the first US$20m of the Buffalo development costs and in addition ADV would be responsible for sourcing the development capital all in accordance with the Farm Out agreement!!
Since these costs are largely "up front" costs I just hope that ADV has some deep pockets for use presumably before any revenue flow is achieved and before shareholders can reap any benefits.
I have just looked at the BBC announcement re JCB and their mega sized contract to bring hydrogen from Australia. Maybe Adonis should instruct the CHAR PR people to turn up at COP26 to bang the Chariot drum very loudly and tell the world what we are doing unless they are going to COP26 in any case!! Maybe we would see a positive share price move and recognition of Chariot's massive efforts for Africa and Europe.
If my arithmetic and logic is accurate a 1 in 50 consolidation will price the shares based on todays 1.70p at 85p per new share. The potential for a two or three bagger is therefore severely reduced using an 85p share price. The 85p will make the share more attractive to professional investors but surely will kill off the private investors looking for low priced penny shares with recovery potential. IMO the consolidation will be good for the company but much less attractive for the private shareholders. What do others think?
I have known Petra for many years and I find it absolutely unbelievable that one of the most famous diamond mines in the world is currently trading with a share price below 2p. Yes, I know that the overhanging debt and interest payments has been a perceived problem but much of those funds were spent in upgrading the production facilities. The diamond market is slowly improving and the recent significant sales of major stones has helped considerably in reducing the debt as well as the recent published accounts showing substantial financial improvements. However, Cullinan is still a major diamond mine with an incredible history and surely it is only a matter of time before the PI community wake up to this undervalued company and stop acting like paid up members of the Flat Earth Society! The MM's and day traders do not help with trades at ridiculous prices but they are just looking at the daily returns and not the real company. Dividends will return in due course and the sub 2p days will hopefully be consigned to history. Hopefully the LTI's will keep the faith and will be substantially rewarded for their patience in the reasonably near future.
I have followed PDL for many years and have seen the highs and lows. However, IMO the PDL mines represent the best diamond resources in the world and have proved their credentials time and time again. At these SP levels surely the danger is that the PDL crown jewels could fall into the wrong shareholder hands even though AP and others still hold substantial equity. Hopefully with the recovery of the diamond market the SP should travel north sooner rather than later. Perhaps PDL need a major revaluation which recognises both the mineral reserves and also the upgraded mining facilities in order to support a sensible SP.