Member Info for Jungmana

Markets recovering across the pond with resource companies doing well too.
Let's get back over 10p tomorrow please as we are just too cheap right now

Tech stocks doing well with the market recovery across the pond. Further rise tomorrow here and hopefully will be testing 6p again in a few days.

Just a reminder:
"FY22 Outlook and Prospects:
-- Robust pipeline of additional AAA and independent titles in contract or in active negotiation stage;
-- Implementation and rollout of the Azerion agreement announced today; and
-- Execution of the multiple ad format deal with one of the world's leading AAA game publishers."

The chart pointing to 5.5p as next target according to Zak,
https://www.share-talk.com/traders-cafe-with-zak-mir-bulletin-board-heroes-tuesday-25th-january-2022-via-vox-markets/#gs.nn6cuu

Thanks SHC and Jimmy. Clearly shows how undervalued we are today and hopefully will rerate higher soon

More good news for us from Namibia.
The Finncap discounted valuation of 54p is only for Lixus and those not include all our other licences and projects.
Too cheap today at 10.4p imo

Finncap the broker has valuations of risked 54p ( which imo is actually discounted due to funding risk) and unrisked 319p issued after the transformational news of A2 well.
Imho market has mispriced char due to the December 7p placing churn and a few panic sellers last week. Before the A2 results many of us predicted 25p to 40p share price on success of all the zones A, B, C M and O ( about 1TCF of gas resources). Now the well result has turned out better than most of us expected and we are sitting at just under 10p. Just amazing imo.
As Malcy said and I agree , " The market has not yet got the hang of this, to repeat I think that the shares could and should rise by a multiple and it’s going to be quicker than many imagine, not often a five or even ten bagger sits in front of investors. "
Am up to exactly 1 million shares ( which is big for me) as of Friday and intend to ride this journey for 2/3 years just as did with my investment in COVE from 2010 to 2012..
Am looking forward to the webcast on Wednesday.

HI Geow, Malcy is very confident and so am i and many on this thread;
Make no mistake this is a tremendous result and takes Chariot a number of steps all in one giant leap and I am not exaggerating by saying that this is a momentous step for Morocco as well. This result is relatively straightforward in that the 2nd leg and completion of the successful gas drilling operations, on the Anchois gas project has been swift. 

The operation needed to find the Anchois 1 discovery, confirm the integrity of the well, latch it on to the drilling rig, confirm that it would be able to be a producer and even cleaned up the BOP. This was so efficiently done that there was no need to take any sample of A sands in particular as from the last announcement 2 A samples have been sent to the lab. 

This was another piece of good news and also enhances the well economics, by not perforating the well money was saved, the well looks ready now and Chariot has two fully workable first steps to development. The rig leaves site tomorrow making it an efficient and successful, not to mention cheaper than expected well. 

Support for the Anchois development is lining up outside Chariot as banks jostle to lead the consortium of financiers and I’m absolutely sure that not only will other major companies be involved in the development but Chariot could easily take a wedge of that investment themselves. 

Finally as I indicated earlier this is a success that is being shouted from the rooftops in Morocco. Partner ONHYM, whom I know well, are clearly delighted as is the Government who have power plants in a number of areas which could take any amount of gas at any time. 

The market has not yet got the hang of this, to repeat I think that the shares could and should rise by a multiple and it’s going to be quicker than many imagine, not often a five or even ten bagger sits in front of investors. 

How can you say is a new account when that account has hundreds or thousands of posts history on lse? Most of us recognise many names here over the years and know those posting about char have been on this boards for many years. Personally I joined lse in 2011 and have racked up nearly 2.5k posts.
Nursing a 14k loss here as I said which is small compared to many.
I wish for a miracle so that folks can recover some if not all their losses. Good luck , should get an update tonight with cvn

Really sad to read the stories of big losses some had on adv. I lost about 14k which is small compared to many here. I pray that you can recover the money soon.
Is worth looking at shares that can potentially multibag short term as have released stunning news but the market is just lagging behind in catching up to the significance of the news.
Chariot ( char) is worth a good look and always dyor.

Girdz , is the same attitude you take to every thread. I never see you post any relevant information but always acusing others of ramping. Am sitting on 80k profit on bids when you were childishly acusing me of ramping just 5 weeks back.
Never wanted to filter you but that's what I will end up doing. End of topic

Girdz, if you have been here since the creation of earth good on you. Knowing your history on bids and other threads I don't believe you.
Anyway if you made good money trading this I say well done.
But don't tell me am ramping when I post relevant information and exchange the little I know with other posters here.
I learnt a lot here from shareholderschar and Jimmy over the last 6 months since I bought back into char. Is brilliant to have such experience and knowledgeable people in the industry on this thread.

I agree there snott. Looks like the development will now be bigger than originally planned with the A2 gas discovery in the deeper sands .
We should know a lot more over the next 2 months imo

The development plan from a Pre-FEED study consists of two subsea wells tied into a subsea manifold with a 40km offshore flowline connected to an onshore gas processing facility, from which a short 40km pipeline connects to the trunk pipeline to Europe allowing access not only to the growing Moroccan energy market but also to the European gas market.

In Q4 2020 Expression of Interest Letters to debt finance the development were received from the African Finance Corporation ("AFC"), a pan-African Multilateral Development Financial Institution with over US$6 billion in assets, and a major Multinational Investment Bank.

In December 2020, the key terms of a new Moroccan licence were negotiated which is approximately 3.5 times the area of the Lixus licence. The Rissana Offshore licence completely surrounds the offshore boundaries of the Lixus licence providing material potential running room in various gas plays on-trend with the Anchois gas discovery.

Why not shout out a good story? My largest holdings by Size, char, bids and lnd.
Finncap risked NAV 54p unrisked 319p here.
Best pick today on AIM imho at 10p.
After the huge success in all the sands , char should be trading at 20 to 30p.

Latpull, I won't be surprised to see this pass that 12.75p
by Wednesday. Sellers cleared and char moves fast on volume.

The exploration upside for a multi TCF resource in the Lixus licence and greater Anchois field is simply huge and what am most excited by.

" -- High quality reservoirs were encountered in all gas sands.
-- Further analysis will be undertaken to fully understand the positive implications on:

o Gas resources within the expanded Anchois field and the scale of the potential gas development.

o De-risking of numerous additional material exploration prospects within the Lixus licence area with similar seismic attributes to the Anchois discovery now considered to be low risk.

By Malcy:
Make no mistake this is a tremendous result and takes Chariot a number of steps all in one giant leap and I am not exaggerating by saying that this is a momentous step for Morocco as well. This result is relatively straightforward in that the 2nd leg and completion of the successful gas drilling operations, on the Anchois gas project has been swift. 

The operation needed to find the Anchois 1 discovery, confirm the integrity of the well, latch it on to the drilling rig, confirm that it would be able to be a producer and even cleaned up the BOP. This was so efficiently done that there was no need to take any sample of A sands in particular as from the last announcement 2 A samples have been sent to the lab. 

This was another piece of good news and also enhances the well economics, by not perforating the well money was saved, the well looks ready now and Chariot has two fully workable first steps to development. The rig leaves site tomorrow making it an efficient and successful, not to mention cheaper than expected well. 

Support for the Anchois development is lining up outside Chariot as banks jostle to lead the consortium of financiers and I’m absolutely sure that not only will other major companies be involved in the development but Chariot could easily take a wedge of that investment themselves. 

Finally as I indicated earlier this is a success that is being shouted from the rooftops in Morocco. Partner ONHYM, whom I know well, are clearly delighted as is the Government who have power plants in a number of areas which could take any amount of gas at any time. 

The market has not yet got the hang of this, to repeat I think that the shares could and should rise by a multiple and it’s going to be quicker than many imagine, not often a five or even ten bagger sits in front of investors. 

Malcy - "The market has not yet got the hang of this, to repeat I think that the shares could and should rise by a multiple and it's going to be quicker than many imagine, not often a five or even ten bagger sits in front of investors."

Simon Thompson - "It could double again once investors cotton onto the implications of the latest drilling news. Buy."

finnCap - "As a result, FinnCap has hiked its prior price target. At 54p the broker's new target suggests more than 400% upside to the current price of 10.05p."

Exactly Jimmy, the Cove example just goes to show the huge potential Char has and a no brainer of an investment today under 10p. ( market cap of GBP 76m)
This can potentially be a 20 bagger from this price with 2 /3 years from now.
Gas demand in Europe is only going up