Member Info for kingbilly

Whilst it is undoubtedly a positive it might just be a tad early to get overly excited.....As it's less than 0.4% of shares in issue.

TotalEnergies puts hydrogen investment with Adani on hold
French group will not sign planned $4bn investment until there is further clarity

TotalEnergies has paused a planned $4bn investment in a green hydrogen project with embattled Adani Group, saying it was waiting for more clarity on the Indian conglomerate’s situation before proceeding.

The French oil and gas group is one of the biggest foreign investors in businesses connected to the Indian group, which is under fire following a US short seller’s report highlighting the group’s debt pile and alleging accounting fraud and stock manipulation, which Adani denies.

Total said it would not immediately proceed with its latest venture, which involved taking a 25 per cent stake in Adani New Industries Ltd as part of an ambitious hydrogen co-development with Adani Enterprises.

“This project was announced but nothing has been signed?.?.?.?and for now it won’t be signed,” chief executive Patrick Pouyanné told reporters on Wednesday. “It makes no sense to add more [projects] until there is clarity.”

Total has just over $3bn of investments with Adani, including in gas distribution and solar projects, which it has played down as a small 2.4 per cent slice of its total capital commitments.

Those stakes were still worth far more than Total had paid for them, Pouyanné said, despite an Adani share rout of about $100bn since the short seller Hindenburg Research made its allegations. Pouyanné added that those businesses were backed by functioning assets and were healthy, and Total has defended its own due diligence on the deals.

The uncertainty surrounding Total’s latest investment is an additional blow for Adani, which has set up Adani New Industries Ltd to create “the world’s largest green hydrogen ecosystem”.

Tongue in cheek so don't take offence but I though Chariot's philosophy was -

"Timelines don't matter, hunting elephants is not easy and jam always tastes better tomorrow" ;-))

Shel'll come good...........Eventually.........I hope........

@Gooner Maybe it was whinermax he was having a dig at ;-))

As much as I would love to see good news land tomorrow I honestly can't see it, although the volume was up a little today it was likely no more than whiner's copy and paste from Simon's article.

I am hoping for good news in the coming months (as per latest slick presentation) and hoping for sooner as later as the longer we go without I genuinely fear the dreaded "fundraise" Something which us genuine LTH's have sadly become ever to familiar with on our chariot journey.....

I take it ICB888's "copy and paste" got him his 2% for his days trading along with all the tick ups from the Happy Clappers...... Clearly a day trader with no interest in chariots journey but each to their own.

@ICB888 There's no need to be so rude as you know it will only bring on a reply which will then end up with more insults and more posts, keep it civil there'a a good boy ;-))

Anyway just as a matter of fact I asked you on the 15th of September when you were all excited about a "near term inflection point" which you thought Simon's article may be at that time, nearly 5 months ago you said in reply to my question regarding this "near term inflection point" and I quote -

"The “near term inflection point” is Simon Thompson’s opinion so I will use his words to answer your question:
“ In the short-term, news flow from the group’s Moroccan flagship project will be the key share price driver given that Chariot’s 75 per cent working interest in Anchois’ 2C resources accounts for 44p a share of Cenkos Securities target price of 63p (using a 50 per cent risk weighting and based on a risked value of $507mn). Bearing this in mind, the turmoil in the European gas market has materially improved the odds of the prospect being commercialised."

Now at that time the share price was 19.55p and the share price this morning is currently hovering around the 16p mark which is almost down by 20% over the 5 months from when you were overly excited about the possible "near term inflection point"

So when I mentioned over the weekend that despite the numerous articles from Simon and Malcy had made little difference to our performance or that despite what would appear to be many a positive RNS our share price keeps dropping I am not sure exactly what bit of that you see as "drivel" as it is factually correct, is it not?

And I have also said in numerous posts since December that I personally think chariot has the first half of this year at the latest to turn things around as we are due/overdue in some cases news on targets which are due or have been missed. We need to see confirmation of FEED, FID and the finalised GSA in the not to distant future.....

My fear is very much about cash burn at the moment and the possibility of another unexpected placing, after all chariot do have form in this area, do they not?

That's true Gooner after leaving the "speedferret appreciation club" on a Thursday evening they go straight to "happy clappers anonymous" ;-))

I am sure you will be very pleased with Spurs win today after yesterdays shock result!

@Gooner nothing that he doesn't warrant..... He's just a wee clipe like the rest of his pals who make up the "speedferret appreciation society" ;-))
I fink they're missing speed so we may be in his/their sights now..... Somebody to greet at :-0

Numerous "positive" articles in times past from Simon and Malcy as well yet we are still languishing at these levels.
And with every "apparently positive" RNS the price just drops back.....Hmmmm good old chariot :-0

Waiting patiently ;-))

@smyth ;-)) Same here! There's no room for anymore even if I did want them.......
And the volume/share price doesn't suggest there's a positive RNS about to land on Monday. Maybe Tuesday? :-0
We can only but hope some sort of news/update on the gas side of things will be with us within the first quarter/first half of this year as per slick presentation.

You may well be right gooner.

It could just have been last night's madras that I felt stirring or perhaps it was just the excitement of seeing the share price up from yesterday ;-))

We will surely get an update soon with some positive news about what progress is being made with the gas side of things....

"Something's stirring" You wouldn't want to be out over the weekend ;-)) (Another ramping post which is most definitely not investment advice!)

I think chariot is like a coiled spring which is just about to be released so prepare for take off ;-)) (for the avoidance of doubt that was a ramping post and is by no means investment advice ;-))

After all I could have mistaken the coiled spring for coiled rope which doesn't have the same potential to take off.......

Did nobody answered the door when they went knocking?

Jings Crivvens chariot gave us something, another RNS that ends up with a negative finish (admittedly only just)

So we're now going into competition with Highland Spring! Chariot water coming soon..... ;-))

Hopefully one day we will eventually also get some chariot gas!!

Waiting patiently

Is what we're told is needed and I don't disagree, however given the anticipation of "milestones" being achieved, the t's crossed and the i's dotted on the GSA and not forgetting the recent "roadshow" it does give cause for a little disappointment in the current share price and I think anyone who suggests otherwise is not being entirely sincere.

We need some positive news to land and support/reverse our faltering share price.

The silence is deafening, come on chariot give us something......

Totally agree with the timeline stardrops and I am sorry to hear about your wife.

Hopefully chariot will come good for us and give us a bit of extra funds for life's journey to make things a little easier for us all.

All the best KB

I really hope so, my thoughts are that the first few months of this year are the most important in our journey as we're at that point in our journey where certain goals need to be achieved in order for us to progress.

As far as the Ferrari is concerned you could always consider something with a little bit more comfort, something like a Audi RS or even a BMW M3 which would still get you to 60 in the 3 to 4 second mark and up to a top speed of 155mph more than quick enough whilst popping out for the weekly shop or for a quick game of golf ;-))

That's pretty much what most of us who have been "moaning" as you would say are concerned about as well so it turns out we are not so different after all.

Anyway all the best in your retirement and I hope you get the Ferrari soon ;-) If/when chariot comes good (break even for me at least) I will be looking at a Land Rover so not quite a Ferrari for me but I am sure I will get just as much enjoyment out of it.

What do you foresee as the potential risks in Morocco?

Are you insinuating that there is as much chance of getting a return on the premium bonds than in chariot?