Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
I agree about the PR Gooner. They could and should have sold the story better, but the problem with setting timelines, is that circumstances outwith the control of the company can negatively impact them, hence why they said “around the end of Q1” for onshore. They will have expected to have the rig by now, but have no control over SDX’s drill timeline and are at their mercy.
As far as Rig Mobilisation being “priced in”, that event may or may not positively impact the share price, but I’d go as far as to say that as things stand, pretty much Nothing at all is priced in here. Being “priced in” (or not) is not the same as the Market ignoring news, which is what has happened thus far imo.
Ianfer.
The Market appears to not even be aware that Chariot exists, never mind the fact that they will commence a 2 well drill in the next week or 2. That, imo is why the rerate hasn’t already started.
As I’ve said several times on here already, this scenario ISN’T unique to Chariot.. The other day I asked for examples of AIM listed companies that anyone felt were being valued correctly by the market, and that had had success (of any description) reflected in the Share Price. Aside from 1 ‘tongue in cheek’ response, nobody came up with one. The market will wake up eventually, but AIM is so broken, it appears that Chariot are going to have actually make a video of gas coming out the ground, in order for them to be believed. When that happens tho, we won’t be able to buy at these prices.
People need to get away from the idea that this is specific to Chariot tho, it’s isn’t.
In that case MrPLO, you’d be as well selling here and coming back in July when AE is being drilled.
The upside potential of the Onshore drills, both with and without success in the deeper reservoir have been explained on here many times, so no point in going back over those, but imo even worst case will provide good to very good cash flow that will see a significant rerate.
If you don’t believe that to be the case and/or see the Onshore Drills or Funding as a risk, I suggest O & G maybe isn’t your bag, or that you’d be happier buying into ENOG rather than CHAR.
Anyway, I’ll leave it there, as it’s probably best to just let the Drill Bit do the talking now.
GL.
P.s. I apologise sincerely that the share price didn’t react the way we all hoped after the distressed seller (who, incidentally, as I stated on several occasions, was there) was cleared. My bad 🙏
Not sure what your point/question is MrPLO?
Are you asking if “Thee” Seller has cleared? Yes, IMO he has.
Does that mean everyone suddenly wants to buy? I’m not sure, but Buys outweighed Sells today and the SP dropped, so you tell me.
A catalyst is needed. It might be Rig Mobilisation, but that’s not within Chariots control unfortunately.
This is a screaming buy imo, but folks won’t get it till it’s too late.
My concern with you Surfit, is that by your own admission you really want your cake and eat it. You are happy for the SP to drop (in the hope that your other “investment” comes in) and you can get back in here. You seem happy to keep spreading seeds of doubt and asking negatively loaded questions in order to help that happen.
Just saying.
Sorry to hear that FG. I think we’ve all been there over the years, particularly with AIM companies, which was kind of my reason/point in asking the question.
There are lots of people here invested in Chariot (many of whom have been for a very long time, myself included) who, over the past few years have bemoaned the lack of value reflected in the share price. My point in asking, and nobody apart from yourself has responded (and in a somewhat derogatory manner towards KAT) was to highlight that 95%+ of AIM companies are undervalued, not just Chariot. AIM is fundamentally broken, and from my a personal perspective every one I’m invested in has failed to reflect real progress made, and reflect in any way in the share price.
Chariot HAS made real progress, have huge inflection points to look forward to in the coming months, and is largely derisked as an investment, yet the share price has halved in 4 months. It doesn’t seem to make sense, until you look at AIM as whole, then it starts to.
Value will come here eventually, but it’s going to take a change in Comms/PR strategy in the short term and/or 100% confirmation that gas will flow in the medium term. If there’s one thing the market doesn’t ignore, it’s income, profit and dividends.
Morning Surety.
TBH I’m not seeing much evidence to suggest we still have a seller. The Algo bot is still working this from both sides (but that’s been happening for months so no change there) but the plethora of large 50k, 100k and 200k O Trades, (which were what was dragging us down) that were popping up even 5 minutes (granted there are still 1 or 2) are no longer so prominent.
As far as I’ve been able to tell, apart from yesterday when we actually finished UP, Buys have Outweighed Sell almost every day since the big trades went through last week.
Ironically, it’s possible that as well as clearing the Seller, that block trade might have also cleared a buyer or 2 who were buying at 8.5p(ish) until such times as the transfer was complete and they got their fill.
It’s all supposition of course, but just a different view.
I don’t think so LegalWolf. Apart from the fact the Farm In will most probably forbid them from taking a position (as I think the CHAR Bod have already alluded to), that’s contrary to current hear say. All IMO.
Onsolidground, imo the money from far in cannot be used to “buy back” shares without consulting shareholders, so that’s not an option at this stage.
Shares have gone from distressed seller to one or more extremely happy buyers imo.
Nothing dodgy at all imo.
We have had a distressed seller and someone has negotiated a buying of all of their holding in 1 go.
I don’t see why that’s such a stretch. Also nothing to do with tax year.
TR1s in the coming days will tell who has sold and who have bought imo.