Member Info for marineclark

It funny listening to amateur trash talkers with big losses in their portfolio. Jinx was filtered because thats whats its for -garbage. You are lucky CHAR is looking good now, not sure JInx is still invested here, after his paranoia about the data being faked, and now climate change...ooohhhh the institual investors are all ditching O&G...lets all run and hide. lol

Btw music man, noticed you are in ARB, that went from 5p to 280p in 4 months.
I was in OBC at the time which went up 2.5x but then retraced. Pity I missed out on ARB as I was watching it on a pullback but didnt pull the trigger.
I'm happy with my investment in CHAR, hoping to make it my fifth multibagger this year.

Musicman,

As we all know, valuations and share prices dont always line up as they should. Also, I'm no expert on the fundamentals here, so please don't take my word as gospel. In fact, I'm a layman just like many here, and I was trying to make sense of the numbers my way, which could be wrong. Also, AEMP doesnt look like it will come cheap , but 70 percent debt finance sounds like a good deal. The 30 percent will need to come from future placements. Assuming the gas plans work out then prices should be much higher, so less dilution.

I've correctly position sized here in case things wrong, as can happen. I been in this business long enough to know that with AIM shares you can always expect the unexpected. I fully recommened having a risk managment plan in place to mitigate risks here, because losing ones life savings will likely take another life time to get back.

Also, I'm posting too much here. I'm going to be winding down my posts. But good luck though.

LW, You're probably right, plus for business invoices, payment windows are in the months not days like it is for retail customers. E.g For credits cards, supliers/sellers would recieved payment in a couple of days. As we completed acquistion of AEMP in June 2021, six months for first payment sounds long , maybe contracts paperwork to sort out first? Then it looks like every four months therefter which sounds normal in busineses. My thoughts...

...first Quarter 2022 ....looks like Jan 2022 ish on the diagram, so basically coming soon.

Yeah , but Char only signed the AEMP agreement recently.

LW, if you refer to page 12, "the conveyor belt of projects diagram", the dark green top arrows represented construction projects and the light green income dates. There is only one dark green arrow to the left of the first light green suggesting first income will come from the exisiting construction- as you say - Essakane.

Note that first income from AEMP is expected early first quarter and then increased income 4 months thereafter as another of the 5 pipeline projects comes online. Price should rerate gradually towards the full amount , reaching full amount in two years. All IMO, dyor

Ok, taking another look at the figures in presentation:

Please feel free to correct me if I'm wrong. I'm don't have an ego such that I can' take correction. The following is IMHO only so please do your own research:

https://www.chariotoilandgas.com/wp-content/uploads/2021/07/Chariot_Presentation_July2021.pdf

Firstly, just saw that the gas sale agreements and debt finance is expected in 2022(page 14). I will be looking to buy back closer to that time.

We are jointly ventured with Total Eren with right to up to 15 project equity.
So Capex for 50MW is $50 million at assumed $1 million/1MW capex.Financed by 70 percent debt funded, 30 percent equity. Chariots equity share of $50million at 15 project equity = $2million. (a 2 milllion placement is small dilution)

We have 500MW of pipeline projects. From digram it appears the projects are in 5 separate location(pg 11) and we have already succesfully completed one project. First income, I presume is coming from existing project in first quarter next year. It does appear that 3 projects will take about a year given the timeline. so 5 projects will take 1.5 to 2 years possibly. Thats the expected timeline for 500MW I believe.

"Recent comparable (Total Eren) transaction, values renewable electricity projects at circa $1.8 million per MW.
Total valuation based an Total Eren transactions for 500MW = 500*1.8 = $900 million. As our equity share is 15 percent, 500MW will be valued at 15 percent of 900 = $135 million.

So Char market cap is currently £40 million at 6.2p. Adding an extra $135 million to char market cap in two years is cleary a multi bagger from current prices. This will on top gas sales from Anchois.

SHC,

I enjoy decent, credible discussion but this was lacking from Jinx's posts, and it was odd reading posts interspersed with schooboy turd insults, however amusing. That's not to say that banter is disagreeable, some does help pass the time here.

The fundamentals here now are totally different to back then. Back then it was a casino, but I generally dont hear gamblers blaming the casino if they've lost their life savings. Yet , here its someone else fault if hard earned cash is lost. In fact, CHAR have done exceptionally well to stay afloat and to turn things around, when many have gone under after one duster too many. I think that fact is missed on a lot of people. Also, while drawdowns may be big, a loss is not a loss until sold.

However, as a regular short term investor with CHAR, and not a LTH, I dont need to worry about past failures; I'm in the boat now for the ride to come, and with the appraisal and the AEMP story unfolding, i'm looking fordward to the potential material upside here.

On the Charts, we are well supported by a strong base of support(buyers) at these levels. As long as thats base holds and its doing thats well, I have no reason to worry about daily price fluctations, as over time we should see a steady rise towards spud and beyond. Clearly the biggest moves are going to happen on appraisal results. And now that the AEMP valuatiation is becoming clearer, that could rerate the price at any moment, given that first income is only a few more months away. And the II's do like income generating companies. That must tick a big box for them in deciding to invest.

I've filtered you now Jinx. While your delusional posts are entertaining, its gets kinda boring after a while.

You are obviously a troll and not a particulary good one either.

https://www.youtube.com/watch?v=-QWL-FwX4t4&t=13s

What your problem is JInx is that you insult like a schoolboy.

I'll have beer on you growler.

I clearly missed the potential value on offer from AEMP. And clearly many have also.
I'll post a full writeup tommorow with my calculations.

In short 500MW of electricity production is worth $130 million valuation to CHAR.

Clearly at company generating 450 million in revenue is not worth 450 million but muitples more.

Just looking at the presentation again page 12,

https://www.chariotoilandgas.com/wp-content/uploads/2021/07/Chariot_Presentation_July2021.pdf

Apologies, I didnt mean revenue I meant valuation. "Recent comparable transactions values renewable electricity project at circa at $1.8 million per MW. " Valuations are not the same revenue. Valuations are typically mutiples of revenue.

Been a long day, my posts were rushed. I need to take a deeper look at the figures. Happy to stand corrected, I dont work out these kind of figures everyday.

Jinx, you have a procilivty to call others stupid, naive, defensive etc.... its not very civilised is it. I appreciate posting here is an ego thing, but frequently descending to that kind of language is distasteful. Anyway, I'm not one to harbour ill feelings. I wish you the best of luck here.

Obviously AEMP asset is currently valued at nil. When we get further news and first income starts to flow into Char's coffers in first quarter(2022), then expecting a decent rerate on top of the rerate when the appraisal drill results come in. So AEMP is defintately worth talking about. Its a valuable assest.