Thanks for taking the time to reply, even if they were a trifle condescending. My question was why a minister ‘needed’ to be at the meeting, not ‘wanting’ to. Also, my question did note ministerial involvement at signing the deal/permit off. I’m sure any minister in any democratic government around the world is far too busy for the minutiae of environmental permitting meetings and will be looking at advisors and experts to give him guidance. However, I take on board that there were also local elections and as such, the make up of the committee members and involved stakeholders may have changed. For me, this is the most likely scenario.
Why would a minister need to be in post for the Environmental permit to be issued. Surely the minister wouldn’t attend something he probably wouldn’t have a full grasp of? He may need to ratify the permit with a signature but I very much doubt he or she would be that hands on.
What can I do Growl. MC was posting absolute ****e about £130m a year revenue from renewable energy and his mates back him up. I question his figures and I get filtered....even by posters I’ve never even heard of. You couldn’t make it up. :oD))
Well, isn’t that funny! This is why listening to people like Marineclarke is dangerous.
MC has gone from this last night “ so 130 million revenue a year to CHAR...” to this, today “Adding an extra $135 million to char market cap”.
Apart from automatically assuming that asset value equates 1:1 on market cap being a bit naive, as we’ll also be taking on debt, but the $1.8m per Mw figure is for farm downs of a couple of projects in France, a wealthy G7 country. We’re talking about the development of renewable energy in Africa. One can only assume asset value will be less.
So, using figures based on Total Eren turnover 2020 — €450m / 3500Mw of plant = €125k per Mw of plant.
Potential turnover for CHAR 15% x 5(00) = 75Mw of plant. *75Mw x €128.5k = €9.4m Again, this doesn’t accurately reflect what price per Mw is probable in the African projects region.
SHC. I posted yesterday morning. It wasn’t a negative post but it was jumped on by you as if it was. Then MC got involved for no reason than to just get involved. You and I came to an understanding and it was settled. I even apologised for calling you stupid as it seemed to offend MC’s sensibilities. Then MC jotted a few ‘calculations’ for the renewable generation projects which appeared quite high, so I asked for clarification. Quite politely if I may say so but got grief back. I made a calculation based on Total Eren’s turnover against its power Generation around the world. I feel that’s the best way to calculate at this stage as it would obviously take into account fluctuations in energy usage. It’s better than saying we’ll produce this amount of power 100% of the time and be paid for, 100%. My calculations were half of what MC calculated. Now, do I engage discussion or do I not for fear of being called a troll or slated. That’s my main issue really. It seems everyone’s point is valid, but only if it’s the same as yours. Which isn’t okay. I see MC has a fan...musicman99. Why on earth would I be bothered about being filtered by people, and then to boast about filtering when I’ve never heard of them before. Honestly SHC, why do you associate with them...?
Just seen your post of earlier. The difference between you and I MC, is that I don’t have the spine of a jellyfish, so I don’t need to call a whaaaa’mbulance, every time a naughty boy calls me namey-wameys. And there was me trying my hardest to engage in civility....
Even I’m not sure about the figures now... So Total Eren generated 3600 Gw of electricity from 3500Mwh plant. So the €450m is divided by 3500 = €125k per Mw of plant. Therefore it’s 500 x €125k = €62m Is that what you got MC?
Your figures suggest around €100m for 500Mw and around €4.2b for 20Gw
A quick look at the Total Eren figures show turnover in 2020 at €450m with 3600Gw generation. There’s a thousand Megawatts in a Gigawatt. So Chariot have been what, a project of half a Gigawatt of renewable generation?
So, with only fag packet calculation Total Eren turned over €450m / 3600 = €125k per Gw generation
Marine. Are you on about where I suggested SHC was stupid, or where SHC suggested I was stupid? Or are you stupid for not realising we’d both called each other stupid? Genuinely interested as your post didn’t make it clear? Anyway, apologies SHC. We both want the same thing here so we obviously can’t be that stupid. Fatigued perhaps but not stupid ;o)
I don’t disagree with anything in that last post SHC. In your haste to disagree with me, you failed to recognise my post this morning was a statement on institutional investment behaviour, rather than my own investment behaviour. Why would I be invested here otherwise? Successful oil and gas explorers have always been the investments with the best returns (prior to C19 and Pharma growth) and I can’t see that changing. True enough, if everything works out here, I believe we could be looking at 20 to 30 times more than today’s SP. I’m not one to believe broker hype but £1-£1.50 is certainly achievable. That being said, I’m now more across less environmentally impactful sectors in companies like EML and TGR.
I’ll try one last time. I’m hoping for the best SHC so I’m rooting for you buddy. Exploration in oil and gas is as you rightly said, ongoing. What I said is that the large investment institutions are losing their appetite for it. Mostly because of investor opinion or the backlash from investors due to climate change and environmental concerns. Climate change is the highest priority ESG issue facing investors and there is widespread action from investment managers, Banks and institutions to expose their investors to opportunities, in the shift to a low-carbon global economy. I don’t think I can explain it any clearer than that. If you don’t get it this time, I give up.
Again SHC, in your efforts to unnecessarily pour scourn on any others views but your own, you’ve blatantly misread my post to promote it as negativity. A few facts for you. 1. Natural Gas is a fossil fuel. You can spin whatever ****e you like about that, I don’t care. 2. There is a movement away from fossil fuel investment amongst nearly all the main managed investment vehicles and banks. It’s in the papers nearly everyday ffs. That’s not to say there is no investment in fossil fuel exploration, just less appetite for it. 3. I have not posted ANYTHING TODAY, that is negative. I even hoped for ‘large investors that aren’t shy of investing in fossil fuels’. How on gods green earth is that negative? To counter with ‘oh, well natural gas isn’t a fossil fuel’ is absolutely absurd. I get why you’re all defensive though, what with all the money you’ve got tied up in here. I mentioned him before but Wheepo (god bless him!) was the same. However, he had also convinced his relatives to invest too. You could virtually witness his mental unwinding as his position started to unravel. Which is why I don’t get your volatility. I agree with you that things are on the up. So you need to find other ‘enemies’ to focus on though fella as you’re wasting effort trying to paint me as such, *let me just remember what you wrote ‘Natural Gas isn’t a fossil fuel’. Oh my...hahahaha! :D
OMG!!! I swear SHC, if you were alone in a room, you’d fall out with yourself. Natural Gas, albeit cleaner than coal and oil, is still a fossil fuel. Denying that, makes you look a bit stupid. As a fossil fuel, rightly or wrongly, means there’s less appetite for investing from pension funds, investment managers and banks. That’s the way of the world now my friend. I also think that’s the key reason Chariot are moving into renewables, to increase our ‘green credentials’ to possible investors. This last point is obviously imho.