Member Info for onsolidground

An activist investor who at one point took a stake here and at Wood Group.

It would seem they have popped their head above the parapet at Wood Group again

https://www.prnewswire.co.uk/news-releases/sparta-capital-sends-letter-to-board-of-directors-of-wood-group-302117261.html

The envy of many a retailer...

Delisting.

dyor

I posted on here previously that not only do you get to enjoy your pastimes over the weekend but when it comes back round to the Monday you can chop another 3 days off the wait for Star Valley 101 to start mobilising our way from Fridays close.

CHAR are set up now for many years to come financially courtesy of the structured Energean deal and with $10M just added top the bank and that deal will have to reflect soon enough or someone simply comes along and bids for them.

End of another week.

Excellent news on Energean deal completing and all the financial security moving forward for Chariot. Seller looks to have now cleared.

Another week closer to Star Valley also heading our way for our imminent drill.

Come back Monday and knock another 3 days off.

The direction of the share price is a hard one to call..

Was mentioned last night that the Q1 update should be appearing before the end of April when last year both arrived on the same day. Strange one that as to reasoning.

Have they been trying to stage manage the share price back up in stages.

First the Peel Hunt Report

Second the FY numbers yesterday

Then the Q1 update reported seperately

Or was it to try and lift the share price prior to Q1 undershining. (Jefferies seemed to hint Nutrition might be finding it a tad tough).

I know it hasn't quite worked out the way they would have wished it but it does create the picture of trying to manage the share price back up.

Same probably could be said for not announcing key dates in advance and trying to catch the shorters out.

Next update is imvho critical and I wonder how OVMH and Kelso viewed yesterdays update.

Legalwolf, Could it be Energean? In business you learn that anything is possible so we wait for the RNS that might shed some light.

In the meantime whatever happened conveniently coincided with the completion of the deal with Energean, a completely transformational deal for Chariot moving forwards. Its a tie up also with an acclaimed and growing FTSE 250 operator with proven track record on bringing gas projects onstream. That's a structured deal that instantly puts $10M into the Chariot coffers and with so much more to come for back costs and at various other milestones.

Just look at the terms and what's in there for Chariot in the RNS from December.

https://www.lse.co.uk/rns/CHAR/partnership-agreements-signed-with-energean-plc-enkku71n7f3k4fi.html

9p !!

Dyor.

Nice one. I'll be in the market for a top up tomorrow morning first thing.

Should be interesting to see where the share price goes without any brakes or reverse gear now being applied.

Might even be Chariot themselves utilising the $10M proceeds on the Energean deal just completing to buy back and cancel the shares.

Onwards and upwards.

I watched the presentation and the Q+A and thought some of the Answers re Nutrition in particular were defensive and waffly and Gallemore a little waspy in his responses also. It did come across as more full of management speak than normal and if I were to be honest a bit deja vu from others and with still constant Capex spends of £110 Million each year going forward - and with all the revenues declining. That's been picked up by multiple press which courts investor sentiment so no surprise its down. That plus the usual actors manipulating the price.

So here we sit 1 year on from Apollo making a bid that had to be somewhere in the £2.00 to £2.50 regions and we are sat at 62p and other than more of the same and hoping the macro economic picture changes aqnd is the saviour its hard to see a strategy and plan in there to return this into growing revenues and a profitable business. Costs cuts and "pivots" seem to have been what has saved the day and got the group to breakeven - and lets not forget earned £30 Million plus in free shares for key individuals.

Q1 update is critical for it sets the tone for the AGM.

Indeed unhooked.

Normally it gets caned irrespective of what it delivers so yes, touch wood - a first.

Not seeing the bloodbath some were forecasting but not blown away either by the results. Will be interesting to see what gets headlined by the business press.

Breakeven but amidst it all declining total revenue and declining revenue in all of the 3 divisions and that being despite pivots away from lower value clients at Ingenuity, and to closer and larger value orders supposedly at THG Beauty from and the £50M spent on Nutrition to keep prices lower and retain customers.

It'll all be down to how the media and analysts interpret things over the coming days and months.

Thats Chariot now set up for decades to come now with the operatorship now taken over by a large FTSE Oiler and Gaser.

10 Mill cash into the coffers and nice further terms with a big fat pay cheque coming their way when the gas starts flowing.

Cracking investment now from here in in (depsite the initial muted reaction), and dirt cheap imvho.

INtention is to a accumulate stage by stage now and be patient.

It's quite simple.

You don't issue that RNS unless you have copious quantities of Helium under the ground at Itumbula (and at Tai) and their many other leads.

Same is going on with Noble Helium.

Just need the confidence Lorna to say you are sat on the mother lode, but then maybe you might wish to snaffle up any other good licences where the geology is telling you similar, and prior to any gold rush / helium rush.

"London could be set to experience its biggest blow yet from the exodus of listed companies after Shell PLC's (LSE:SHEL, NYSE:SHEL) boss warned it might move its listing to the US.

Wael Sawan, the boss of the largest company in the FTSE 100, told Bloomberg the oil giant was considering "all options" regarding listings.

" I have a location that clearly seems to be undervalued,” he added.

He said Shell's current undervaluation presented "a fantastic investment opportunity".

“I will keep buying back those shares, and buying back those shares at a discount," he added.

Sawan noted the discrepancy in valuation between Shell and US-listed oil groups like Exxon Mobil and Chevron.

In a clear warning to the LSE, he said: "If we work through the sprint [turnaround plan] and we are doing what we are doing, and we still don’t see that the gap is closing, we have to look at all options.”

Good strong day today.

But lets be honest about it, thus far they have only given back a small percentage of what was taken.

It's almost like a fund or institution has paid for a Geology Professor or Helium Industry expert to advise on what He1 are sat on underneath the ground at Itumbula. Itumbula was chosen for a very specific reason and hit free flowing to surface 4.7% Helium and 2.2% Gold Hydrogen - and importantly no dirty gases.

Hold em tight and enjoy the ride back up. Come May / June time you'd be expecting this to be well North of 2.5p again.

Best to ignore the noise, dyor and have patience and buy the dips if somebody wishes to oblige with cheap as chip prices.

The Rukwa Basin where both Helium 1 and Noble Helium have struck the mighty and rare Noble Gas in what looks like commercial abundance has only recently been described by Shaun Scott, the CEO of Noble as

"A Unique and Prolific Helium Producing Province Unlike Any Other In The World." He clearly knows his stuff to have turned Arrow Energy from a 20M company to a 3.5Billion company.

https://www.youtube.com/watch?v=wM7Z31qbEqA

Noble have 2.48% Helium whereas we @ Helium 1 have 4.7% Helium concentration.

https://www.lse.co.uk/rns/HE1/itumbula-west-1-well-flows-helium47-to-surface-h3ozbl2v33bohu1.html

And up she pops all of her own volition. Or was it the Kelso comment and maybe them buying some more.

You either topped up or bought on the dip to 60p or you're kicking yourself and realising that you are going to have to expend even more time with no guaranteed reduction.

Good Luck whatever you mission and purpose in life.

Why?

Not only because you can switch off and enjoy whichever pursuit takes your fancy

But also when you come back Monday then you can knock 3 days off how "imminent" imminent is for the Energean signing off and its 3 less days to wait for Star Valley 101 to be heading our way.

Seamanp,

Its quite simple what is going on (and has been from 2.5p downwards)

Its been the transference of wealth from the impatient to the patient"

And with vast sums of shares sold but crucially accumulated also in between.

The Size of The Prize at Itumbula has never changed. Still as has always been the case since the RNS - 4.7% Helium and 2.2% Gold hydrogen - free flowing to surface and without stimulation. In fact Noble Helium only went and "upped" the potential of the full Rukwa basin which we are also on, what with a shallow Helium Gas Cap 9km x 3km x 20m and two helium reservoirs which when popped on top of each other amount to the height of the Rock of Gibralter. Dyor.

Nobody is pumping and dumping anything and just more than a suspicion you'll be paying 2.5p or more in May / June time in any case, if news doesn't arrive before.

It has to be the Lab results back?

I know we did a lot of analysis on site but we did send samples off for completely independent off site analysis.

Would follow how long roughly Noble took to get their Lab results back.

Somebody seems to know something given the way the share price is moving.