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Certainly not the time to be out of CHAR. The re-rating will be quick , swift and large.

A successful farm-out is likely to be the catalyst for a major re-rating given that Chariot’s market capitalisation of £148mn is less than 25 per cent of Auctus Advisers’ unrisked valuation of $839mn (£676mn) for the Anchois project. The valuation is based on Anchois’ 1C contingent resources of 365bn cubic feet (bcf) and 2C contingent resources of 637bcf. Both Cavendish and Auctus have a 60p per share core net asset value (NAV) valuation, or four times the current share price.

Simon T points out that … Each share is currently worth 51p based on all the merchandise/infrastructure/assets alone! Without even making a profit. Any BUY below 50p is a bargain. No wonder Mike was snapping up so many shares ! So oversold here it’s unbelievable. But with so many shorts closing the secrets out clearly.

Well as predicted buy out is coming from Mike. IMHO

Not what I want to see as average at like £1.50 like so many.

But what would be a good offer for so many brands and infrastructure … 0.60p 0.90p all a bargain I feel .

Why is this crashing ????

Mike Ashley Buyout - Frasers Group is shrewd. It currently has major stakes in Mulberry, Hugo Boss and N Brown. Like any shark, it will strike when the timing is right or simply continue to prey on anything showing signs of weakness.

Frasers Group’s fashion stakeholdings

Mulberry 36.8%

ASOS 19.3%

N Brown 17.88%

Boohoo 9.1%

Hugo Boss 3.9%

Shore Capital, Barclays, Jeffries , Peel Hunt all positive . Target 70/80p. However I do think a buy out is looming which is not what I would like to see personally .

How quickly could we see a take over ? Not what I want to see as I guess the offer will be low 80/150p on current mood but the upside tremendous for the future. Might Mike A try to buy us out whilst the SP is at rock bottom?

Take over target pretty inevitable now and soon. What would fair price be ? 80p/150p ?

Could see a big and rapid up tick in SP if the shorts don’t close quick enough .

What would be a fair price if Big Mike bought us out entirely?!

Which IS a rumoured possibility

80p £1 £1.50 £3 ?

When can we expect profit which will result in the Long awaited 60p range?

Chariot is bordering on breakeven, according to the 3 British Oil and Gas analysts. They expect the company to post a final loss in 2024, before turning a profit of US$9.0m in 2025. The company is therefore projected to breakeven around 2 years from now. In order to meet this breakeven date, we calculated the rate at which the company must grow year-on-year. It turns out an average annual growth rate of 52% is expected, which is rather optimistic! Should the business grow at a slower rate, it will become profitable at a later date than expected.

Missguided Sale good news for Boo. Mike will likely be increasing his stake again in us before the month is out ! What’s he up to now 10% or 14% ?

BUY OR HOLD for 2023. lots of predictions of a bull market on silver

https://www.kitco.com/news/2022-12-23/Gold-prices-to-push-above-2-000-and-silver-to-double-on-its-way-to-50-in-2023-Avi-Gilburt.html

Great news . RBC should be applauded for having faith . Silver linings

FRES was tipped in press as undervalued over wknd. ... "revenue also grew by around 11%. Much of this has been caused by the perceived tightening supply of metals following the war in Ukraine. In addition, market volatility has led investors to seek the ‘safe haven’ of precious metals.

The result is that the value of the silver Fresnillo is producing has surged in value. This translates into a higher share price for the company. Given the protracted nature of the conflict in Ukraine, I think this metal trend will continue.

Because its ridiculously undervalued ! £12 / £16 IMHO

RBC Capital Markets Outperform 1,225.00

This seems a fair target given inflation and the last RNS we received.

Broker target of £11 seems spot on now post fundamentals although going back to £13 highs we had in 2021 also seems achievable with the horrors going on in the world at the moment.

Fincap 54p broker rating January which was before the horrors of Ukraine and the unprecedented change in western oil / gas consumption. With that in mind on top of recent drill updates what is fair price these days . No ramping required we are all regulars here?

Fin cap had us valued at 54p BEFORE this revolting war spiked oil and gas. Hidden gem here at the moment until the masses see what we are sitting on. MY GUESS Is we actually climb in price quite dramatically and also very quickly across a week or so which isn’t the best thing but a steady rise is unlikely with the way the world is today.

https://www.business-live.co.uk/retail-consumer/sizable-boohoo-stake-snapped-up-22384542.amp