George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
'Are you confident that the infrastructure, once complete, can be used to permit production from the 3 additional wells to be drilled in H2 2022? '
He has already implicitly answered this in his Malcy interview from last week:
Colin:
'And the next three wells when they come online we fully expect to be able to produce them right away rather than to have to wait for the infrastructure side which we're doing right now.’
Absolutely. Thanks roly12
Hi Roly: Was it Walbrook that confirmed to you that the new product launch is H1 2022, or did you get a reply from someone at MHC?
"If they manage to do the frack in Q3 and can get somewhere close to the 2 mmscfd I think that would be a very decent result and is probably more reflective of what they are expecting to achieve"
Mr.Investment: if it is successful and they do get "somewhere close to the 2 mmscfd", in your opinion, what would you expect the SP to be. Thanks
Thanks for the insightful posts Jimmy. I was just wondering, notwithstanding the current focus on the significant gas discovery at Anchois, how critical do you think the Essakane Project is to Chariot's future strategies and its value?
Thanks Argylerich; it's just I transcribed some of the interview and he mentions being 'hard at work' on the infrastructure side and that he would have 'more to say about that soon,'
From 7.39 of the interview
Malcy:
‘And when will you be producing from the Paradox?’
Colin:
‘Well, as soon as possible: I mean this has really been a focus of our operations’ team obviously the 16-2 is there and capable of production right now. Doing a development in the new area like this it is back to the puzzle analogy; you're trying to fit in pieces together and the first piece for us was obviously drilling the well and getting the resource; and sometimes you have to do things not concurrently but sequentially and the infrastructure side has come after this success there; so we're hard at work there. We will have much more to say about that soon, but clearly we'd like that well producing in the very near term and the next three wells when they come online we fully expect to be able to produce them right away rather than to have to wait for the infrastructure side which we're doing right now.’
Adon: that would imply that from the time after the drill and results from last year, no major infrastructure work has been done? Seems odd.
my apologies NudgeNudgeWinkWi that was not connected or related to your post.
Although it has pointed out to me that Aim reports what is bought and sold by the strike price, and gets it wrong regularly, these are the overall figures for the trades today listed on this site:
Vol. Sold 8,048,488
Sold Value £501,686.05
Vol. Bought 11,333,981
Bought Value £712,579.40
Indeed LondonMarket: after the initial term of 12 months from 6 April 2021, there is a one-month notice period for termination thereafter. An update must be imminent, but that only concerns the Covid tests, we need to know how the marketing and launch of the DNA tests are progressing.
Macy: 'The shares at today’s 7p are a steal and I must get Colin in front of a camera shortly…'
Absolutely ukchips: there's still lots of news due on additional fronts here which should help rally the sp
I have recently invested in this, although someone called Allonred recommended it back on one of the other BB when it was 6p last year. Having been following the many informed posts on here over the past few months, the prospects look superb.
Macy's blog today
https://www.malcysblog.com/2022/04/oil-price-diversified-energy-chariot-egdon-union-jack-and-finally/
'This speaks for itself and is just what Chariot should be doing at this stage of the Anchois development. It also shows that Anchois is going ahead at a rate of knots which is encouraging for the company, its shareholders and of course those dependent on European gas being brought on in Morocco.'
That's interesting TPKart. When I wrote to Walbrook a while back about MHC more actively advertising and promoting the cost of the DNA tests, they said this was not a good idea as the company does not want to alert their competitors to their price range before the launch.
Good point Novicehunter. That was on the 18th of February 2022 when they announced the FCA Approval for the Change of Control of Angra at 9.06, catching a few people out. In fact it rose from around 1.50 to 2.84 (peaking at a 90% rise) on that day and then fell back to around 2.30. The Google charts don't record that peak on that day, but the FT one does. If you remember back in. Feb 2021, it peaked at 4.5. It would be great to revisit these levels with further good news.
'2.5p by end of this week ??/'
Appears a little optimistic, although happy to be wrong.
perhaps an indication of an update.
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This is from the LSE website: lengthy but well worth considering
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Good point: Thanks for that clarification Conger2.