Member Info for Palmsairport

Dan: I think I recall reading on one of the BB posts here this week that the CPR was briefly alluded to by AP in a presentation. I am not sure it was actually mentioned in an RNS, although someone with more knowledge on this should be able to confirm.

Netherland Sewell & Associates. I think, but stand to be corrected.

Dan:

' A Competent Person’s Report is an independent technical report that delivers an impartial and credible appraisal of a company’s oil and gas assets to ensure investors are well-informed. Many stock exchanges and regulators demand a CPR from a company that is preparing for a significant transaction such as a merger, takeover, large acquisition, or an initial public offering (IPO). The CPR’s effective date should be no more than six months before the major transaction.'

Chariot (AIM: CHAR), the African focused transitional energy company, is pleased to announce its intention to undertake a fundraising of approximately US$24 million (£19.2 million) before expenses by way of placing (the "Placing") and a direct subscription (the "Subscription") of approximately US$20 million (£16 million) in aggregate, and an open offer (the "Open Offer") of up to US$4 million (£3.2 million) (the Placing, Subscription and Open Offer together the "Fundraising"). Pursuant to the Fundraising, it is estimated that the Company will issue approximately of 88,888,888 new Ordinary Shares pursuant to the Placing and the Subscription and up to 17,597,272 new Ordinary Shares pursuant to the Open Offer, in each case at an issue price of 18 pence per share (the "Issue Price").

Thanks for the detailed and insightful response Jimmy and for the link. As always, your input and analysis are always highly appreciated and valued by everyone on the bb.

No worries at all SpeedFerret. We are all avidly looking forward to Chariot becoming the success story of the year.
All the best.

I think you've misconstrued by post SF; my question was not intended as criticism; far from it, it was Jimmy's informed comments which helped me make a choice about investing in Char and so I always appreciate his analysis and take on things. His views are required reading for anyone wanting to know more about the company.

Jimmy: just out of curiosity and given your history with the share, do ever look back at earlier reports about the explorational activities activities of Chariot and think why were they not able to achieve their potential years ago.

https://www.offshore-mag.com/geosciences/article/14035922/chariot-defines-drilling-targets-offshore-brazil-morocco

What a post: investor110: thanks for sharing. Showing why the current price is an absolute steal.

https://www.ecdc.europa.eu/en/news-events/epidemiological-update-sars-cov-2-omicron-sub-lineages-ba4-and-ba5

ECDC encourages countries to remain vigilant for signals of BA.4 and BA.5 emergence. Early variant detection critically relies on sensitive and representative testing and genomic surveillance, with timely sequence reporting.

https://www.investorschronicle.co.uk/news/2022/05/12/the-search-for-pre-production-oil-and-gas-winners/

Argylerich: you can watch the recording from here

https://us02web.zoom.us/webinar/register/WN_-3-IjCdfRIqYT1iX5MXXJQ

That would mean they are actively involved in planning an webinar to encourage investment in Zephyr, while avidly selling off their own placing shares!

Zephyr Energy (ZPHR ) will be presenting an investor webinar being hosted by Vox Markets & Turner Pope Investments on Thursday, 12 May at 5:30pm

the Angra/FCA RNS dropped on Fri, 18th Feb 2022 09:06

Excuse my lack of knowledge on this, is there a six-month limit between the time a CPR is requested and the time it is delivered?

Indeed, Stocktow. More knowledgeable individuals than myself have already pointed out that given the exceptionally positive flow of news released by the company, the sp would normally have been sitting at multiples of its current price. Its day will come.

'we were 7p without and the growth potential we now have are we truly really only worth the 1.85p we sit at today?'
That's true, although remember: strong overall sentiment and the Covid PCR sales were driving the price; at this stage, we now need a successful launch of the products to get back to moving towards the above highs.

'I remember the days when two new gold discoveries would cause a stampede to buy the shares'
Despite the superb results, this will only happen once the political crisis is resolved.
https://www.aljazeera.com/news/2022/5/5/togo-leader-agrees-to-mali-crisis-mediator-role-officials
https://www.bbc.co.uk/news/topics/cq23pdgvrqwt/mali

'I think the Ukraine war, inflation and rising interest rates are impacting the overall markets especially inflation which is expected to peak at 10%'.
That's just it and I can see why some on this BB have consistently argued that the delay in getting these new products to market simply constitutes a missed opportunity, especially as the products will be released at at time of an economic downturn. Let's hope things work out.

Fair point Pmanuel. I think you have put together some very probing questions which if answered will help us understand further the prospects here; thanks for your efforts.