Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
barwickman - I generally agree, though I'd really doubt that LEAP would be sold at less than a 'good offer'. My reading of 'market conditions' is the situation in Ukraine. With such a high proportion of staff based in Ukraine, the war could only create uncertainty for LEAP. That was way beyond Ed's reach! And of course wouldn't be a good time to sell LEAP. The situation has now stabilised. Other companies (eg Metro Bank) are also actively moving Ukraine staff in more stable areas, so those conditions will right themselves (for the long term), pending a resolution. We're heading for an IPO, so it's only the wider macro circumstances that will affect 'sentiment' that will influence whether we get a premium or not. I have to say that the recent bull on US stocks bodes well for us (though I am an optimist), so all in all, it should be fine. Trump is heading back for another presidency so again, that is likely to have a positive effect on the money grabbing markets. I've no real idea about valuation of LEAP but appreciate barwickman going low to avoid disappointment. And of course, we have sentiment in October 2022 to observe! GLA
barwickman - yes, it does look less and less, but the end point of course is zero! That's pretty unlikely with a NAV of 10p! And as we know, after every drop, there's a rise back up to a more normal level. I guess that with OD and Matador both selling all their holdings, they will be ready to jump back in when the bottom is reached. So what's your guess on the bottom?
Can’t wait for the day to return when we’ll be kicking ourselves that we missed this buy opportunity! Btw, you can buy but the MMS are just as nervous, not wanting to leave a loose leash which may result in them getting caught out! You need to call and negotiate a price. They can see the current oversell too I suspect! Normal times, this would have been easily traded. Easy way to squeeze the price down! What price are you getting back in guys? 3.7? 3.5? 3.2?
This could go down to 3p, but so what? The NAV is closer to 10p, so all 3p will do is make the subsequent bump up even more dramatic (especially when LEAP gets liquidised). Furthermore, NAV is only 10p (and not more) because of the ridiculous goings on around the LGP SP - and the (understandable to me at least) LEAP sale! This is a screaming buy, I'd say. Not only because I'm getting a new kitchen done and need a bit of cash soon (well, within the next 24 months), but also because it is a dumb, dumb price driven down by traders waiting on the wings expecting to see lower prices to buy back in and then watch who will flinch first. There is nothing fundamentally different with the company apart from it is in a better place (oh, the irony!) than a couple of years ago. CBD is less fashionable at the moment as an investment, but that's it. It'll come back in fashion like there's no tomorrow. Especially at this sort of valuation.
I doubt there is anything concrete behind the increases in SP of CBD sector stocks aside from pure sentiment. It's funny how these things work. I recall the KNB and CBX rises likewise - sentiment that went pffffh in a puff of smoke when it was realised the profit horizon was more than three weeks away!. That's not to say that there isn't any basis for positive sentiment. I, like many others, are waiting for October and Germany's expected move to legalise cannabis. And the subsequent 'domino effect' of that piece of legislation.
https://www.theguardian.com/world/2022/jul/01/germanys-move-to-legalise-cannabis-expected-to-create-domino-effect
Nice of you to let us know. I would like to think that you were smart and saw your withdrawal coming, in which case, you will have sold off a degree of your investment in the last few weeks. If your holding was proportionate to the number of posts you made, then that could account for a proportion of the drop in price (on somewhat thin volumes), in which case, rationalisation of the drop appears. It's always been fun having you around. GLA.
Thanks guys for all your replies. I feel they underlie what looks like a sound investment to me. On the risks of there being a peace deal, pushing gas prices down in the short term, I'd say that is negligible, and in any case, Russia has marked itself out as an unreliable supplier and so is destined to be frozen out of the markets for anything but short term contracts. If that's the fill of risks as identified by you guys, then I'm content. I'm looking forward to big news on a farmout for Anchois 2. No reason, but only that it would make sense as it would provide bandwidth for other projects and provide instant value - easing the funding line for those other projects. Chariot isn't a one trick pony to me.
Hi all. New investor in this one, though I've watched Chariot for a few years. A few questions if I may? (1) Anchois-2 is going to be solely developed by Chariot, no farm outs, right? Or is there going to be a collaboration with a major? (2) Where is the next big news expected to be?
I know the information is all out there, but I'm a little lazy and also trying to get an indicator on you guys' sentiment towards this. Many thanks in advance.
Longland : ‘ another one of ed’s timelines’ - It's notoriously difficult to predict when things are going to happen. When you're a CEO, you're being pressured from all angles to provide answers. Look at the flak some AIM CEOs get for not issuing more RNS's even when there isn't any news! Some CEOs play this to their advantage to inflate the SP by giving news that isn't entirely there, but the vast majority find it a complete pain. I, personally, won't be too bothered if the Q2 timeline is breached. It doesn't mean Ed was lying or that he was 'wrong'. It just means his guess missed out 'factor x'. in its calculation. The point is that he's working towards that liquidity event and it will take the time it takes. Those hungry to minimise the amount of time they invest in any one company will be pressing for a date, but in reality, it makes little difference if it is end of Q2 or end of Q4 - as long as the delay is explained by factors outside the team's control.
I'd suggest this isn't a true 'pump and dump' scenario. Genuine pump and dump is if there is no value in the share. Here, there is. I too, was thinking about selling at 7p, but I assessed there was a really good chance that the liquidity event would happen just as I sold, so I didn't. It's so, so risky selling at this point. Those that did buy into the rise will still bag a bargain I believe. The rise this time was on the back of the RNS compounded by a view that this would be the last hurdle crossed before the liquidity event. I believed it myself, even though I don't follow Quint, nor Doggo. This is such a bad time to sell I think for anyone looking to get a decent return. This remains the best time to buy as we are approaching the end of Q2.
Hi John389. I can see you're new here. The first thing is to look at the SEED website, and check the RNSs, especially the annual reports and so on. There are clues inside there as to the intentions of the board. Secondly, look at the interviews on Proactive. Again, it is clearly stated there (by end of Q2 2020 I recall). There were some issues that needed to be resolved prior to a sale, notably the issue of a licence for Leap in the UK. That was granted a few days ago, and that led to the rise, now at 50% from that pre-RNS price. There may be some unresolved issues - so of course we haven't got the RNS announcing sale/IPO just yet, and they need to work through these. So don't take it as given that it will happen by end of Q2. Sometimes there are unplanned issues that arise. But it is pretty clear, it is a proect being worked on with a deadline of end of Q2. As with all of these things, profit is the reward for taking risk. But from where I'm sitting, this is relative to many other things, a very safe bet, gvien all that has happened. Don't take that as investment advice btw!
My remortgage is coming through in the next few days and I was going to pile in some £xxxxx into this to bring my average down. Easy money. Slowly eroding my profit margin. Still I expect it will hit pretty close to 20p. So anything under that remains easy money - on the basis of a MCAP of at least £50million. Shame we missed out on MOON, otherwise we'd already be at £300 Million!
Suzy - I have to admit I find your approach to people who don't 'support your investment' on this bulletin board a bit odd. We're all quite equal here, with different points of view. I don't know why you're so aggressive to people with different pov. This board makes zero difference to the share price. The SP doesn't go down because someone presents a different pov. That's not how share markets work. I think you are doing yourself a disservice by your attitude. I'm sure you're a better person than you come across on this board. I hope you're a better person in real life for your own sake.
Eric - no I'm not invested. But I'm still interested in the concession (so yes, I'm on the wings). I'm not sure why posting 'something of value' means that I should only post things 'to protect the investment'. There are all sorts of people that look at this board and from where I'm sitting, the value of these boards go up when they are more honest about the company. I'm afraid that may include putting up things which some people deem negative. Just posting things that are positive is misleading. AIM companies rely on so many factors. News of drilling in Kosovo for a small exploration company, is, I'm guessing, unlikely to move the SP. There were four trades today on AIM for BEM. That should tell you a lot about how interested people are. Getting a new stellar CEO with a track record of bringing mines to production and profit, however, is (in my experience) likely to move the SP. We know that AGMs are pretty passive affairs.
Sometimes the story is about the company and sometimes it is about the people who have invested in the company. I'm happy to bare all and say I've lost money in the past investing. 'Keeping the faith' is great on bulletin boards like this, especially when a share price drifts down and down, but sometimes you need to look at reality. There was the expectation on this board that there'd be some value added to the company when it got the licence, and well, the markets didn't agree. And why didn't they? Because of risk. The risk the company doesn't deliver. That's the bottom line. This isn't Anglo American with hundreds of millions in the bank. It's a small exploration company hanging by a thread. And when the thread is just about to snap, a big company steps in and buys it all for a song. Seen it before and will see it again. There's no doubting Kurt's mining credentials. And the value of the asset. But those don't make a world beating mining company. It's being able to play the politics of the square mile, to get people on board, to mitigate risks of the whole thing being turned over in an appeal court a few months down the line by getting the opposition on board. The potential HAS been priced in. Don't kid yourselves that you're smart and have spotted something that others haven't. BEM's a nice company and you're nice people (on the whole, I'm sure I'd buy you a drink down the golf club), but you're going to be waiting some time for the mine to come. It will, but not many people think Kurt is the guy that's going to deliver it. Unfortunately. And that's why the SP is low. Anyway, good luck guys.
I'd imagine the LEAP IPO will be delayed because of events in Ukraine. We've moved from crisis management to a long term strategy vis a vis Ukraine, so that'll settle things a lot, but it was the crisis management period that I expect will have caused the delay. I'd expect perhaps October.