Member Info for Klein57

Fact is, some posters are down beat and some are optimistic. The company explained their approach to developing the renewables and hydrogen side of the business some time ago, so it’s worth some on here researching that information.

Yesterday’s RNS was a welcome proof of concept for the South Africa enterprise. Some may think it laughable but at least the news was shared and it signposts greater revenue in the future.

As you may conclude, I’m an optimist. Good luck to all, particularly LTH ers.

Fernan has a view that he’s entitled to and justifies well, but in doing so makes a number of negative assumptions and conclusions.

If he’d been to any in person events, he’d have had a chance to assess the directors fact to face and ask them questions to test his thoughts. Please correct me if you have Fernan and tell us all why you still distrust this board so stridently.

Many who were at the last AGM came away believing the soon to be announced partnership deal will mean dilution will be a thing if the past. The latest Liberium analysis bears this out. Check it out and contrast it with Fernan’s doomsday assessment, then see where you sit.

Surfit, twelve plus years and will cut my cloth depending on gas outcome. Not ruling out a legacy holding. I’m in no rush.

Surfit, not entirely.

FEED turned out more expensive than projected, as did virtually every other expense we incurred and some we hadn’t anticipated incurring. Some may think that’s financial mismanagement but I’ve never met a CFO in any organisation who accurately predicts forthcoming expenditure. Probably made more difficult in this line of business and there being no precedent.

Part of the raise is to keep the lights on, there’s no doubt about that, but the majority will be for the Loukos drills. That’s the clear impression I was left with.

The other impression I had is that days of a raise are over. AP used the word ‘imminently’ to describe the proximity of the deal being announced, knowing what we think of the term. That’s a bold move, unless it is imminent. Let’s see.

Apologies LNG - not you who attended but an ADVFN poster. I withdraw my comment about you and apologise again.

I too went to the AGM, and the last one, and the one before that.

Lochnagary (LNG) will tell it as he(she) sees it. I see it very differently. I don’t know who LNG spoke to but I spoke to AP, DW, JMW and David Brecknock (DB) drill manager. I didn’t get any of those responses at all. AP said we are down to a ‘very very very short list’ but wouldn’t be pushed further. He said debt was available ‘if needed’, strongly hinting that it won’t be. DW and and DB are hugely optimistic about Loukos and their focus has clearly shifted there as another entity moves in to take Anchois/Lixus/Rissana forward. Spoke to JMW about cash burn and $12.1 million end of 2022 resulting in a raise this year. He said the company can’t risk dropping cash below a certain level and gave good explanations for how increased costs through inflation, non availability of certain services making others more expensive, needing more staff to take the due diligence of bids and admin of construction preliminaries forward. Foot to the metal is how AP described it.

My overall impression was very positive. If my feel for reading between the lines, the body language, the unfinished sentences and the like is anything to go by, we have much to look forward to before the end of October.

Don’t be led over the cliff by those with lemming tendencies who use an echo chamber rather than personal experiences to influence sentiment.

Good luck to all holders.

Welcome WWP

Your first post on this board and you’re straight in at someone’s jugular. Your subject may be pretty active elsewhere but has not said much on here - seven posts in all I think.

Anyway, the answers to all of your questions are in CHAR RNSs and in the history of this thread, if you look at the contributions from industry experts. Go and have a look and you may feel less nervous.

Good luck to you, but only if you are a holder.

HenrySinclair.

Interesting to hear a reasoned argument for an alternative outcome. Food for thought for many and a post that may create some discussion.

Your succinct summary of past events leads to an irrational concluding paragraph, in my opinion. The scale and value of Anchois is likely to be of interest to majors and others and a deal will be reached by negotiation, not one party dictating to the other.

The time to judge credibility, you might think, is when a result is announced. Then we will either see justification for the delay or not. Slipping timescales and a lack of explanation cause frustration and will be questioned at next months AGM. I’ll judge current credibility on my face to face contacts with the board members.

I do not see any major sell off, the opposite in fact with two TR1s in the last fortnight. Your prediction of what a major shareholder may do can only be speculation, at best.

As a holder I wish you all the best and I expect you have pared your holding to align with your risk assessment. For now, I remain positive.

ICB888.

I think the accounts do show shares held, bottom line remuneration etc but they don’t show the performance criteria the directors have to meet to get the awards. That’s what AP was not willing to discuss.

NewKOTB.

I asked for visibility on this at last year’s AGM. AP was not willing to discuss or share the information on directors awards and remuneration.

The same will get asked again this year.

Is there a last roll of the dice ?

Goonerpete,

Thank you for your fulsome and sincere apology for yesterday’s post.

Onwards and good luck to all.

Pontac, if you can get on your Telegram PMs, you’ll see I’ve put a link on there for you. Click on that and you should be back in a jiffy

Good luck !!!

KeithOz, you don’t need to waste your money, the article is freely available. If you had read it, you might see a well argued opinion but you’ll need to remove blinkers and opaque glasses for added clarity. I hold here and Chariot. I don’t see either as competitively dominant. Value in both in my view but I suppose it depends on your buy in price. Maybe you missed the boat with Chariot.

Surfit - good post, and I say that as someone who is probably more exposed than he should be. It’s good to have a different perspective to make us think. Your subtle warning did remind me of the statement on the back of a packet of Planters roasted nuts that the packet ‘may contain nuts’. Good read tho’.

I hold shares in PRD and CHAR.

The report makes claims about CHAR. A company source has stated this morning that, regarding CHAR, the report contains ‘multiple inaccuracies’ and that CHAR were not contacted by Fox Davis for information about Anchois or to check the validly of their comments.

Understandably, the report promotes PRD but should not mislead others regarding the competition. This type of questionable behaviour undermines my confidence in this report.

KB, you are right to be cautious. However, the November leak correctly foretold of the pre GSA news in December, so will stand or fall on what happens around the 23rd February, the second specific date it mentioned. All will be revealed soon enough.

Nelson, if the November leak is to remain accurate, we will hear something this week or the beginning of next on GSAs. Fingers crossed.

Those of you who can’t be bothered to do your due diligence on this will ultimately lose out. Graham - all the best to you but your timing could not have been worse. XEL - did you not bother to read the leak on the 19th November and what it foretold ? Wake up, you’ll sleep easier and not make emotionally motivated decisions that will leave you regretting you’d done just a bit more research. Not a ramp, just a prompt to look a bit deeper. It’s part of the Chariot philosophy.

Everton stun league leaders.

Hahahahahahahahha