The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
But how about discussing chariot?
With the onshore drill due to happen within the next 10 weeks or so we will surely see a rise from here soon(ish)
And hopefully the end of the single digit share price once and for all....(pending successful drilling of course)
Bring on the 10's wheeeeyyyyyyy🚀 😉 (just in case anyone thinks I am ramping there is a touch of sarcasm in this post)
However, as the actress said to the bishop "any rise would be more than welcome" 😁
Clearly just a "tree shake"🤷♂️🤔🤥
Fill yer 🥾s
Good old chariot gives us lucky shareholders yet another opportunity to top up😳
You wouldn't want to be out over the weekend 🥳
🚂 Departing shortly........All aboard for🚀off😂
⏰not long now🥱
Thanks for your reply Jimmy and it kind of confirms what I was saying.
A quick "google" for - What is a contingent resource (for the exact meaning for those of us who may not be entirely certain) -
Contingent Resources (CR) are defined as quantities which are estimated on a given date, to be potentially recoverable from known accumulation but which are not yet currently considered to be commercially recoverable.
So, for me anyway, until the gas is actually in the pipeline and more importantly is somewhat reflected in the share price it is not proven per se🤷♂️
I personally don't buy into the scenario that there are only us few here who have been fortunate enough to realise that chariot is flying under the radar from the masses. The (current) share price is in the 9p range for a reason and until that gas is in the pipeline I fear we will not see a share price that reflects, what we hopefully have, once we we are finally producing (assuming that day does come and we are not taken over beforehand)
Thanks to everyone who took the time to share their thoughts.
It is certainly not the start of the year even I had envisaged for us, and as most of you know I have been slightly more reserved than many on here with my predictions and have come under fire for it on many occasions.
But even I am totally shocked at how the price has dropped to the level it has, and unlike some I don't get much reassurance from the directors buys given the size of them.
All the talk of the "catalyst" RNS over the past 12 to 18 months seems pretty laughable now give where we are. And the trend of the share price dropping after every "apparently positive" RNS continues.......🤷♂️
Totally deflated KB thinks these are heading back to the bottom drawer for the foreseeable, unless we gat taken over, which is probably unlikely to happen😞
💩 show this is.....🤷♂️
Anyway, all the best to genuine LTH's and here's hoping for a slightly better year for us next year (although i'm not sure it can get much worse, unless they spring another placing on us)
Merry Christmas🎅🏻 from a very deflated KB 🙋♂️
It's always good to hear from you Jimmy as someone with a lot of industry knowledge, but it is somewhat disheartening when you now mention "lower gas prices squeezed this deal hard" When you were giving us all a running commentary on here how high the forward gas prices were?
On a side note I do hope SHC is holding up okay after yesterdays price drop, that would've hurt if he's still holding 12 million shares, be sure to pass on my regards when you're back on the Telegram group.
I am doing okay smyth thanks for asking, yesterday sure was a bitter blow and whilst I had suggested we may struggle to breakthrough the 18p level I most definitely did not see that coming.....Yet another kick in the plums from chariot, one so hard I was sounding a bit Joe Pasquele all of yesterday😔
I rather think there may have been a few traders caught out as well and no doubt they will keep posting how amazing the deal is to try and recoup their losses🤷♂️So be prepared for a barrage of happy👏ing in the coming days/weeks....
I would say if the deal was as good as they would like you to believe we would not be sitting in the 11p range this morning, simples🤔
The total giveaway from the "usual suspects" who were all so, so excited at every placing about being able to get more shares and even take extra shares, is not one of them have voiced their disappointment at yesterday's price drop, which speaks volumes🙄
This really is a💩show and the chances of me even breaking even seem to get further and further away with every "positive" RNS......Confused dot com Argh😖
Jam tomorrow🤬 Aye right
But it's all good guv'nor even despite the share price dropping into the 11's.....
When the 👏's thought it would be the catalyst and we would be 🚀 And still no sign of a "disappointed or exasperated comment" to share, everything is just hunky dory 🙄
Must admit it was comical how quickly the "new posters" to chariot disappeared this morning after ramping it up before the start of play 😂 Perhaps they got caught with their underpants down 😲
Good old chariot just keeps on giving great top up opportunities and the usual suspects are out in force trying to persuade everyone to fill there boots.....Just like they did at the last placing, and the placing before that.....
Jam tomorrow anyone🤔
And finally Vet just in case you are wondering why I am so disillusioned -
In April 2022 we were at a high of 23.9p and since then the following "positive" RNS's have landed -
July 22 Material Increase in Gas Resources Offshore Morocco
Sep 22 Chariot partners with Total Eren on a green hydrogen project in Mauritania
Sep 22 Pipeline Tie-in Agreement Signed in Morocco
Nov 22 Green Hydrogen Pilot Projects in Morocco
Dec 22 Moroccan Gas Sales Principles Agreed
May 23 Partnership Agreement between Chariot and Vivo Energy to Develop Gas to Industry Market in Morocco
Aug 23 Signing of New Moroccan Onshore Licence
Oct 23 Environmental Impact Assessment Approval received for Anchois
Partner announcement is "supposedly" due any day now with hints at a "major"
And today's share price as I post this message is 13.82p 🤷♂️
No need to wonder Vet as I have openly stated previously that I am sitting on a five figure loss.
As for my comment about breaking 18p I am sorry if you think I am belittling the possibility of chariot's chances but it is a genuine concern. We have to remember that chariot now has approximately 1.07 billion shares in comparison to 236 million when I first invested into this fairytale of unicorns and rainbows. I have no doubt chariot has been a cash cow for traders but sadly, unlike many on here I am not a trader. As such I think that is why kb comes in for so much personal attacks as they see my comments as damaging their chances of👏clapping......Personally I am not so sure kb's posts carry so much clout as I have stated many a time that I am just a disillusioned long term holder who lives in hope that this fairytale will have a happy ending, but chariot isn't making it easy for me to get excited🤷♂️
As I seen a few of these yesterday - "This message has been filtered, please adjust your filters to view"
A message for my troll fans please remember you are on "filter" so you'd be better posting some of your apparent "wealth of knowledge" instead of trolling a poster who has you on filter 😂
Totally agree NewKOTB. It is somewhat disappointing that Jimmy doesn't share his thoughts on the delays we are facing given his industry knowledge, but instead decides to offer up a "distraction post" don't look here, look over there!!!!
When it is clear there are reasons to be looking here and not over there..... confused dot com🙄
Jimmy you are probably one of chariot's biggest cheerleaders (well up until a few months ago) but we rarely hear from you these days, are you cooling on chariot? Any thoughts on the lack of comms? Any thoughts on the forever missed self imposed timelines?
And if we cast our minds back to the 12/12/2022 just one week away from a year ago today we were told that the GSA had been agreed in principle....
Key principles include:
· Sales of up to 0.6 BCM per year (c. 60 mmscf per day) on a take or pay basis for a minimum of 10 years with gas to be delivered via the Maghreb-Europe Gas Pipeline.
· Secures direct, domestic supply for Morocco's existing and potential longer term gas power plant infrastructure.
· Framework and timetable in place to conclude the gas sales agreement ("GSA").
News coming soon🤔🤷♂️