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Placing? No.
I think they're in the process of attracting an entire vehicle of money along with a new killer investment and new/dual listing on AIM & OTC .
Q1 will shed light on this.
I'm comfortable now holding and treating this like a SPAC or shell for now given that we are trading at (our own) cash.
I know we have a tangible investment already (ish) but If SPAC basically means a cashed up listing with no discernable investment that's looking for something killer to bring to market then this is basically a SPAC . Especially when some external cash wants in too and especially if they already have a target.
Look at the people involved. Bioscience Gods.
We've been patient this long .
It's worth another 2 quarters.
Gla.
No standard treatment for OCD other than the usual chemical cosh SSRI's as 1st port of call with maybe therapy later.
Likesay , if we get ours into Phase I while listed on OTC then this 'situation' we're currently witnessing will be looked back on as a joke which of course it is.
Difficult to price as we don't know what % we hold but almost 3% of US & UK population are OCD.
Sizeable market in an era where psychedelics are going to become the norm.
In the meantime just bite down knowing that our buyer will be along soon to snaffle up these weak sells.
Nothing has changed .
Although, granted its tough, this one would bore Buffet out of his position.
https://www.vox.com/recode/22716491/psychedelics-ketamine-mental-health-research-fda
I love this model.
Just the thought of it .
Sat there , tripping balls while having your hand held by a counsellor telling them how bad your middle class upbringing was .
Sign me up.
But look at the numbers ,
Set up a clinic and sign people up to a £1500 3 session tripathon.
You need to pay rent and you need some counsellors (obvs) oh , and you need some himalayan salt lamps .
But this could become the new fish pedicure for the mind.
And a literal cash cow if you could get 2000+ punters PA.
Cheap start up if you think about it.
Ignore me.
Gla.
Unlikely to be disappointed.
However this NEEDS another Burns interview.
Well ,
The quietest board in town.
Hard to speculate here so we should just concentrate on what we know.
Let's get chatting.
1st , here's the interview for anyone who hasn't heard it, albeit it was months ago.
https://www.pscp.tv/w/dFY99zFWR2p2ZHpwb2RwUU98MU93eFdWWXpyUHBKURzl6sQyhwJFXzo-6FVWTTiuOhOD3GWySnugPgct702I?t=2Fm89YKA98x-binB_rH2_Q&s=09
Two separate stories unfolding, one of which is Oscillate #mush and the other is of the exchange we are listed on now.
He compares Aquis-stock-exchange to CSC in Canada and where it was once dead it is now the natural habitat of nascent heavily funded pharmas, some thing he expects Aquis to become.
I like the fact that the 10%ers have no place here though.
Still, back to #mush and back to what we know.
We know we hold 24% of Igraine who hold 2% of AZNs magic covid diabetic pill.
We know almost 2 out of 3 covid deaths are diabetic.
We know that similar big pharma antivirals start at $700 per course. (Ours is better than antiviral and is already a cleared pre existing drug, we also know it's in commercial talks)
https://www.reuters.com/article/uk-health-coronavirus-pfizer-merck-idUKKBN2HQ27O
24% of 2% = 0.5% should cover our mcap easily at the very least.
Even though Igraine is currently suspended it is chaired by Chris Evans and that , imo , is the attractive bit, more so than the Astrazeneca pill.
https://www.cardiffbusinessclub.org/event/187/prof-sir-chris-evans
We hold 24% of a Chris Evans vehicle.
Is this the headline we enter the OTC market in the USA with?
Or is it the OCD treatment with this guy? (This is an educated guess , looks like he's the new Chris Evans) Rockstar Sci and best in class.
https://time.com/collection/time100-next-2021/5937720/robin-carhart-harris/
There's no successful treatment on the planet for OCD so imagine taking this to phase 1 on a 6m mcap?!! ;))
100% owned & I think it's also in combi with an existing drug (as per the Astrazeneca covid pill) so that would suggest big pharma are aware.
Headlines + liquidity + excitable Americans could turn this from an excruciating hold to something quite special indeed.
Difficult to say how much we have in the bank but at a guess it underwrites at least half of our market cap but listen to Burns speak of huge ii purchases in this very space then it makes our cash balance or indeed mcap literally melt into insignificance.
A glance at the share register here tells its own story .
I like Burns. I like that he is buying along with all the bigger boys and I, myself have bought at 3.1p all the way down to 1.9p and I'm now at break even.
There's undeniably something happening in those trades of late.
This a lit firework that has been smouldering silently all summer about to blow in the faces of the uneducated.
Difficult to speculate altbough it seems I've managed! but I expect to see something special here and i/we are unlikely to b
But there's something for everyone else.
The 10%ers, the long termers, the short termers, the ride it til spudders, the market mechanics , the malcy disciples, the retire 3 years early on 10k-ers ,the brave, the holders, the bolders, the newbs, the veterans and the believers.
Everyone.
We are in the right place.
The leaders leave COP26, the deals begin, spraying funding around like F1 champagne.
https://news.sky.com/story/cop26-mark-carney-declares-a-watershed-moment-as-130tn-committed-to-hitting-net-zero-12458649
Numbers that make me wonder about the pace of these projects like ours and that we've nothing on AIM to compare it to.
Looking back on coal projects in Africa on AIM like NCCL & KIBO and the snail pace of the permissions, permits , partners and funding starting from grabbing "a tiger by the tail" in 2008 fast forward to 2021 with Hanno still kicking can down the road with a project that even if ever built will always have decommissioning hanging over it.
Most Aim coalminers would flirt with GE and the Chinese State , dragging on for years until time finally caught up .
I note ORCP mou-ing their 400mw hydrogen project now that the coal project is deceased.
But that project is a mere tealight candle in comparison to ours and we could multiply NCCLs & KIBOs dirty coal mega wattage by 20 and still not touch the sides of Chariots absolute beast.
Here we have the perfect storm .
Africa is the last frontier now.
For EVERYTHING.
The snail pace of Africa of old & coal can be consigned to history.
Clean energy with miners begging for it , Oil companies throwing money at it to wash away the guilt in fact now any company using major power will have to be involved with projects like ours.
Even Amazon and every other household name you could mention need to offset their sins with 'H'.
https://www.businessinsider.com/insider-energy-big-oils-big-loss-amazons-hydrogen-bet-2021-2
A revolution. On Government orders.
So while we take our pick of potential suitors for our top ten biggest global hydrogen project we could highlight we are still big friends with Shell in Mauritania.
We could highlight Totalenergies (our other Oil major chums) are huge there.
Amongst many others.
But speculation to one side we know it'll be huge.
We know THEY'LL be huge .
Chariot have always rolled with headliners.
Now will be no different in a $15bn project.
Mauritania is one of the most sparsely populated places on earth as well as the hottest. People , who , were always the most problematic element of ANY pfs/dfs probably won't apply here.
This will move like Usain post partner announcement both in price and progress
Oh , let's not forget that pesky company making multi $bn gas drill taking place in <6 weeks in the Belgium of Africa that I just clear as dang keep forgetting about!
Durr!
Buy. Hold .Repeat.
Welcome to Aims safest space right now.
Welcome to the World's biggest remaining gas drill of 2021.
Welcome , also , to one of the World's biggest MOUed green hydrogen projects already allocated exlusive areas.
Gas worth billions , in Morocco , a Country so motivated and forward thinking that it's geopolitical risk is probably on level with any EU Country you would like to compare.
Hydrogen project worth billions in Mauritania , a place that is destined to become the capital of green. The word transformational doesn't get near.
Peer comparison with our neighbours CWP (who HAVEN'T had any exclusivity awarded ) 30GW=$40bn says that Chariots 10GW is worth a mere $15bn.
https://www.pv-magazine.com/2021/06/01/the-hydrogen-stream-30-gw-power-to-x-project-in-mauritania-250-mw-of-wind-for-power-to-x-in-denmark/
Our timing into our December drill is impeccable heading into a climate where Countries remaining net importers of gas is becoming unviable.
Our timing into green hydrogen is also Messi-like with COP26 ready to neatly wrap African development, green energy & mining supercycle into an investors dream .
That dream is Chariot .
Multi billion $ projects with Multi billion $ partners.
Announcing this week an off take for Morocco gas with a "leading" energy supplier to join our green room along with Halliburton & Stena.
Will we find out who is going to drill with us?
Will we find out why we have exclusivity in Mauritania?
Can you see what's happening?
Who else is in the green room?
Announcing the Partner for Mauritania will add value , as will PFSs ,PPAs ,definitive agreements, financial closes , breaking ground , switching on ect.
We may be at the beginning but we have multiple tangible lucrative milestones to smash in the next few quarters.
But first , a wee dram of potential multi billion dollar appraisal gas drill to warm us up like a gingerbread latte early December.
Bring it on.
Belt & Road was Chinas plan 'a' for World domination as well as an answer to the incredible rise in living standards in China meaning Chinese goods cost more to make therefore uncompetitive. (China once could put bags of iron nails on shelves cheaper than anyone could even source the iron)
Outsourcing to Africa became the answer . Ethiopia , for example, can undercut even Bangladesh for clothing & textiles with wages at $80 pcm.
This outsourcing needed infrastructure and power so China built bridges , motorways & coal power stations and even though B&R started in 2000 it really started to ramp up in the last 5 years.
It particularly triggered ol Trump but it never sat easy with any administration in truth in US,EU or UK who could only watch while China colonised Africa without war albeit lots of debt.
A blueprint that all Governments looked at, realising it was an opportunity missed whilst happy to continue exploiting Africa for all minerals but getting preachy about coal.
Maybe Xi didnt cancel B&R when he killed off coal but he has handed everyone an even playing field . Every Chinese power project in Africa now will be matched by an American or EU project and green hydrogen will be at the centre of it.
Which gets me to CHAR who will be attracting headline act Partners to our Mauritanian project.
Household names from Big Oil to Major miners will want a piece of projects like ours.
A green arms race.
At COP26 200 Countries will have to outline their hydrogen plans.
When CHAR walk down the Ministry in a few months with GE or Siemens as our official partners with the African development bank in tow , you'll share my belief that Chariot could be switching on our first 1000mw module within 3-4 years.
A project which will multiply our mcap many times alone while we watch events in Morocco multiplying our mcap many times alone.
In merely the length of one US presidential term Chariot Ltd could be a literal cash printing machine.
There is not a better placed , better poised company on AIM than Chariot .
At 40m mcap there's no better value .
There's not a better story. A better turnaround.
Oil , gas & green hydrogen will be the hedges in our uncertain world.
We are in the right place.
I don't make predictions because this market rewards no-one currently but one day it will so I'll wait for my £1. (Dividend)
This will all make sense come December when Santa trades his sleigh for a Chariot.
Buy. Hold. Repeat.
Only $40 bn. And it's worth mentioning our acreage is exclusive granted by the Ministry unlike CWP
https://www.energyvoice.com/renewables-energy-transition/hydrogen/africa-hydrogen/326911/cwp-mou-mauritania-hydrogen/
Nice summary of the assets .
Can you elaborate on why you think Nambia & Brazil will come back into focus anytime soon?
Aside from that, we are singing from the same hymnsheet.
The hydrogen play will be a monster alone although I know it's nascent.
I have invested in plenty of Coal to Power plants in Africa so I'm aware that the PFS will just be the start of PPAs , Partners, permissions , planning , financial close ect ect but look at our neighbours in Mauritania which back of fag packet makes our project worth roughly $15bn !
We'll give huge bits of it away in order to get as free a carry as we can but even keeping 10% of it will be a company maker and after COP26 next month it will be laid bare how much of a hot space this is , especially in Africa where Xi has cancelled coal to power.
There's a tsunami of money coming for our type of projects and an ARMY of major, major Partners from GE to Glencore.
We'll see these projects move like nothing before .
Everyone will have a lithium, Crypto and a green hydrogen play but the scale of Chariots could be breathtaking.
I was CHAR biggest fan on Twitter anyway and I was looking for a hydrogen play too so I can't tell you how pleased I am to hold Chariot.
Once we hit that gas in December this company is going to write its own future and when we're pumping $200m PA there will be literally nothing that we couldn't finance alone.
Gla.