Member Info for schlemiel

I used to have L2 but no longer but there does appear to be bid size on the book.....plenty taken at 20p and bid upped

I've been contacted by II regarding the vote but nowt yet regarding the open offer

Warrants tend to be used to attract investors who are reluctant to part with their risk capital. This could be perceived as a sign of weakness or high risk nature of the company's investment plans that they have no choice but to offer a sweetener that are low priced warrants. The fact that Chariot haven't issued warrants is a strong and healthy sign that the company seeking funds have projects that are in demand and of a sufficiently lower risk that they have no need to dish out like sweeties that are cheap warrants.

The *Australian* (newspaper)

Australia reporting that If the Neo-Marxist greens hold the balance of power in the new Parliament many new gas projects including Beetaloo could be affected.

I genuinely do not understand how anyone can walk into a booth and put a cross next to parties that believe in nothing except State authoritarianism. I am convinced that people enjoy seeing their freedoms erased

'Labor plans to cut GHG emissions by 43pc of 2005 levels by 2030 compared with the former coalition government's target of 26-28pc over the same period. It has also said that the coalition's gas recovery plan is redundant. This plan included building the A$1bn ($710mn) Kurri Kurri gas-fired power plant in New South Wales (NSW) and government funding to accelerate development of untapped gas resources, such as in the Beetaloo basin in the Northern Territory.'

https://www.argusmedia.com/en/news/2334031-australias-new-government-to-usher-in-climate-action?backToResults=true

If you're putting up millions and squillins of quids you'd expect at least a modicum of inside info to ensure you're not wasting cash on a dud. You wouldn't buy a property without a proper survey......

Accept most of us are outsiders and a few who invest heavily are insiders...that's the nature of the stock market

nm

https://www.eurasiareview.com/22052022-spains-policy-shift-on-western-sahara-analysis/

yes, the liberal fascists are now in control in Aus..Marxism masquerading as liberation is destroying the west

'The proximity of the Anchois Gas Development to the European gas markets cannot be overstated'

'Similarly, the Anchois-2 well result has de-risked numerous additional material exploration prospects on the Lixus licence that exhibit similar seismic attributes to the Anchois discovery. We model the c3Tcf of prospective resources on the Lixus licence using the pre-drill chance-of-success, noting that this is likely to be highly conservative vs an updated CPR.'

upwards

CEO

Mate, you're becoming a bore. Give it a rest, please

the IRR and payback period for Anchois (longlife asset greater than 20 years in a commodity with forecast prices to the bullish side) are gold standard with significant upside from further exploration across CHAR's licenced area...capex cost of getting to production? £175m-£250m?...

even the most conservative minded project accountant would conclude that Anchois is a cash cow over time and wider exploration upside a massive cherry on the cake but of course securing debt funding to cashflow is the key for all companies who find themselves in such enviable circumstances...As has been stated already Soc Gen wouldn't be involved if it didn't think it could secure a deal, they wouldn't waste their time and we have 25% of Anchois owned by the State of Morroco, that in itself is a positive

https://www.cenkos.com/research-portal/#/portal/cenkos-securities/research/39_1b0775f9-3887-454b-9cb9-6093fbaff112

You may need to submit your email to access but it is free...a very good read

If anyone can get the full write up from Simon Thompson then any insights would be appreciated

Labour really are a bunch of p-rrrrrrricckkss....

£350bn down the Covid-public sector blackhole and they wanna target the private sector in the NS that have spent years in the low oil price doldrums that wouldn't raise a few hundred if that but damage investment sentiment when it is most needed. They're playing emotive politics trying to exploit concerns that some may have but their solution isn't a solution at all mere electoral exploitation...the Tories are spineless slime but Labour is a destructive, existential threat

Tipped by ST in the iC

Bargain Shares: Backing an energy transition winner

An African-focused energy group has pulled off a successful fundraise to progress its flagship Moroccan gas project which should create substantial value for shareholders.

May 19, 2022

By Simon Thompson

$25.5mn placing and subscription completed
one-for-47 open offer to raise $4mn
Directors invest $0.6mn in subscription offer

Chariot (CHAR:19.55p), an African-focused energy group, has announced a $29.5mn (£23.6mn) fundraising, at 18p a share, to advance its low-cost flagship Anchois Gas development, offshore of Morocco.

Pitched at a tiny 2 per cent discount to the market price, the placing and subscription element of the equity raise completed in double quick time, a sign of strong investor support. Existing shareholders have until 8 June to submit their open offer applications. I would advise doing so for multiple reasons.

rest is subs

HTTP://www.investorschronicle.co.uk/ideas/2022/05/19/bargain-shares-backing-an-energy-transition-winner/

It wouldn't surprise me if Repsol took out Chariot

The ESG (renewable element of Chariot's operations) is essential in securing project financing from banks etc who demand that fossil fuel projects are aligned with net zero legislation etc etc...it's nothing more than that...Soc Gen wouldn't be involved here if CHAR had not committed to this green renewable stuff