RE: Drop6 Apr 2025 13:34
HC, no one here is happy with the current position of CHAR, in fact (certainly in my case), it is thoroughly distasteful, given all of the hype pushed out by the BOD. I doubt that there are many 'Dreamers' on here, most of us are simply taking a pragmatic long term view.
Having said the above, it still beggars belief that you waste your time posting on here, when you are neither invested in CHAR, nor seemingly looking to invest into CHAR. It seems to be a virtue signaling sort of thing for you, whereby it seems that you get vague and frivolous information from third parties on other boards, and use it to post here. There is no balanced forensic analysis of CHAR's overall potential provided from you.
Let's say that CHAR were to seek administration (which I believe is highly unlikely), there would be an absolute bun fight for CHAR's assets. Although CHAR have little revenue-but significant losses (for what is essentially a non-revenue generating company) on the balance sheet-these losses (when balanced against CHAR's assets-and their many early mover positions), are low ball, and their debt is almost zero.
We simply do not know what is happening behind the scenes, what we do know so far, is that there has been a major development with Etana Energy. Chariot stands at a pivotal juncture, poised to capitalize on the burgeoning
energy transition across Africa. This in itself has immense opportunities. Africa's population is growing, and it is rapidly experiencing growth in its industries. These require power generation, both in terms of gas and renewables. Mauritania's Project Nour may be a longer play in terms of Green Hydrogen, but it is an important future source of power generation.
Of course, there are many complex hurdles to navigate, and of course, there are the economic considerations to deal with. But, overall, CHAR have a significant early mover advantage here to create growth and value, with also wider opportunities across Africa. For such a 'Minnow' as you say (agreed), it has created significant opportunities across three pillars.
Aside from the above, we wait on tender hooks for more developments and/or movement on Lixus, Rissana, Loukas, and of course the Achois-East appraisal (which for me), is the main event at present.
Chariot's silence (although frustrating) is IMO is a positive sign, as they cannot communicate as they did before they tied their boat to Energean, they would be shot down.
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