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Not sure why I havnt got you blocked because you dont hold and are a troll but I think you misread the post or maybe it was poorly written. We know after Prospect S CHAR will still have around $10million cash, they raised earlier in the year to give them a stronger hand into Prospect S so a completely diffferent scenario this time round. CEO has stated in previous conference call ‘no raise cash exceeds commitements’. Their next drill is mid 2019 so as I said a completely different scenario to previously. Tomorrows conference call will no doubt confirm the same and then you will not have much to say.
AIM is regulated so never expect concrete answers but you can get a rough idea. I have been told a couple times $10million after prospect S is plenty but if he confirms this again then it will put out the trolls fire if you know what I mean.
Great find Jim. Namibia is heating up in a very big way, just look at how many majors are in the area. CHAR looks like an obvious target not only on Namibia prospects but Brazil/Morocco are equally as impressive.
Despite LSE being a cesspit full of trolls the CEO has a very very strong track record of getting farmins, I have no doubt there will be farmouts across CHARs prospects. We have $10million cash post Prospect S and the CEO has plenty of time to close out farmouts for Morocco/Brazil. Lets see if we get that RNSed tomorrow morning. What I do know is we are heavily undervalued currently.
Apperently its 40% CoS according to some reports, but that is great news on Wick more news next week then. Wick is our lowest CoS drill but 40% CoS is nothing to be sniffed at, also got California Monroe Swell in a couple weeks, Monroe Swell field worth upto $100million, I believe Wick is worth about $60million to RBD on success so almost 2x current cap.
Gooner as I said you can keep bashing but it doesnt change how cheap this is. Conference call will confirm what we all know, $10million cash post drilling Prospect S no raise required, on target Q4. Still a good couple months until the catalyst, you can bet the hot money starts entering soon. Keep bashing as price keeps up trending. $30mil cash, £33mil cap, 338p success case, 2bil barrels derisked. No brainer.
Gooner official timeline is Q4 I would anticipate very late October/November. As you know or maybe you dont most of AIM is hot money so it will start coming on peoples radar very soon whether people like you bash all day or not it makes no difference. We are insignificant, anyone with half a brain can see how cheap this is currently. Tune into the conference call on the 12th, expect alot of positions to be taken.
This will break 1p next week, once that barrier falls then expect a rerate. I still dont think the market grasps how good this company is yet. Very low risk extremely high reward backed by top funds. Sure we will have our ups and downs and not every drill will be a success but you can bet once we have a couple big discoveries then we are looking at multiples. BOD going to announce a new asset in next few weeks, never a dull moment and even into 2019 expect more of the same and big things.
Oilbell unfortunately there are a lot of trolls and people that hold grudges. Company have significant cash post drill and their next drill is not until Q2 in which they are discussing farm ins as we speak. Join the conference call on 12th I will double my position when the CEO for the 3rd time confirms no raise neccasary, drill on target for Q4. This is incredibly undervalued currently. 338p success case, $30million cash, £33mil cap.
Added another 25k, price still well above 7.5p highs so still uptrending. Hard to ignore at this price, most of the cap covered by cash which puts it in a much better position that 99% of aim companies. Entering the 2 month pre drill window, market will pay attention when there is a 3000%+ success case involved. Ignore the noise.
Bought some for a bounce, could bounce violently with seller finished.
It is amazing I even need to get this confirmed considering they have a significant cash position post Prospect S and on going farmout discussions for both Prospect and their next drill, they have 9 months to close out farmouts for the next drill so they are in no rush! But derampers in appearing in the bucket loads so had to be done.
Genuine holders ignore the noise chaps seems LSE is a sesspit at the momemt, desperate derampers. Follow the fundamentals and stick to your guns, 350p+ success case without including follow on potential, 29% CoS, $30million cash, fully funded drill with plenty of cash left, biggest drill on AIM and no other upside compares on drill success, independant prospect/geology to Cormorant succes/failure it has no impact on Prospect S CoS. Conference call on the 12th make sure you listen, do your own research and believe the rerate is starting. Risked valuation on Prospect S ALONE is 35-40p. Ignore the noise.
$10-$15million cash post Prospect S fully funded, CEO stated no raise coming. Great to see PCL rise 150% pre Cormorant drill but it has no bearing on Prospect S geologically, great for Namibia no doubt. Ignore the noise champs, risked valuation 35-40p.
Its not an opinion its out and out lies being as you dont hold, did you read what you posted? You said if Cormorant fails CHAR drops 30% but of success rises 30%...Not only is Cormorant a lower CoS it is a completely different geological prospect it has no bearing on Prospect S success...but here is the interesting part and why you are liar and do not hold, Cormorant a 1 in 5 chance will most likely be a failure yet you state we drop so why are you here! It most likely will be a failure! We are not born yesterday just buy up you will miss the move, its coming.