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Cheers buddy! Hopefully tomorrow we will all be millionaires! (well pence ones anyway)
quoted were pre dilution then 25p and 324p become (less 38% ) 15,5p and 201p risked and unrisked. I thought IC had said 31p pre dilution which would make 19p.
So it was really to check that these figures being quoted were still relevant post dilution. I am a very long term holder and I live in hope. My decision to invest was made years ago and my holding has been reduced substantially over the years by Chariot being the unluckiest company in the world with the drill. I leave my investment in on the off chance that it may come good one day but I've kind of written it off as decision making goes so I just leave it and it'll either come good or the money is gone. Obviously like you all I fear the worst but hope for the best. I've believed every Chariot story along the way and so far been disappointed at every turn. I believe this one too so hopefully my Long Service Award is due soon and made of gold.
I have no financial interest in this failing so I am a supporter but a bit of a battle weary one.
Thank you for your research and response. I am not being critical just questioning and the reason for my question was fundamentally this. If the figures q
I just wasn't sure what percentage dilution occurred as Simon Thomson had quoted 31p and £3 something pre dilution so it looks like dilution was about 20% if its now 25p?
No wish to get involved in all the bickering so I'll say upfront this is a question not a statement. The figures quoted earlier by MC of Risked NAV is 25p and unrisked is 325p. Is that pre or post dilution ? Approx what % was dilution?
I must admit that Petro China are my biggest worry - I mean they don't have to help us and we definitely need them. As you say though hopefully the CEO having skin in the game is a good sign
I shall be holding **** or bust. I've written this money off so if it comes to something then happy days - if not then Same Old Char and I am where I expected to be when I wrote it off in 2018.
Why do you think the house broker has applied a 50% chance of success then? Does this mean that is it is a success then it's actually worth 46p per share ?
Alternatively - in a Senior Moment I may have posted to the wrong thread. It's the other Quote from IC thread I meant to post to.
So with a 50% chance of success this literally is the toss of a coin.
Which refers to the post you have now deleted.
So with a 50% chance of success this literally is the toss of a coin.
The fact remains though that there is no such thing as a free lunch and this clearly can't be the sure thing that a number of you suggest or the price would be higher. I presume the drill in Q4 will determine whether or not it is commercial or not and oil prices change every day so I presume gas prices don't stay fixed for years. Like all holders I HOPE this turns out well but I have been stuck in this share since 2009 and I have seen just how 'unlucky' it is possible for an Oil and Gas company to be.
Let's face it though if many of us were sitting on a 10-15% profit from this baby we'd all be better off than we are now. I've read lots of talk about the Market Makers manipulating the price (when things are not going our way) is that nonsense then? I guess the upcoming drill is different but so far Chariot has been the unluckiest company in the world with its drills so you can understand the jitters and let's face it if this really were a sure thing, we would not be sitting at 6.5p.
We hope to move on from the whine phase very soon!
So it was due to news that hadn't drifted through yet. Bugger.
The worry is, is this drift due to news that has not been made official yet such as we are being tucked up by Petro China or something. Hoping it's just the disappointment of 2022 rather than 2021 but when you're in the dark , you jump at shadows!
Here it is from Simon Thompson. It's 23p after the dilution not 17p. plus the difference between risjked and unrisked. House broker finnCap has a risked valuation of US$216m (23.4p a share) on Anchois contingent resource (A and B sands) after applying a 50 per cent chance of success, and US$3bn (326p a share) unrisked valuation across Chariot’s Lixus licence which includes the Anchois projects.
I'd seen that this was worth about 31p which after the dilution is about 17p?
Don't get me wrong, I am delighted by today's news and by the increase in SP. However in May it reached 8.5p on the prospect of this news and it seems to be settling around 8p on the actual news. Is this because of the no progress until 2022 bit or is it just too soon to know how this news will impact the share price.