Our latest Investing Matters Podcast episode with QuotedData's Edward Marten has just been released. Listen here.
A strategic memorandum of understanding was signed yesterday Tuesday, March 26 in Rabat, between the ministries of the Interior, Finance, Equipment and that of Energy Transition for the launch of the road map gas infrastructure.
The program, which will extend over a period of several years, aims to provide the Kingdom with several entry points for the import of liquefied natural gas (LNG), as well as storage and transport infrastructure. natural gas.
In the short term, it aims to support gas pipelines connecting domestic gas production basins to consumers, as well as the development of an LNG terminal at the port of Nador West Med and a new gas pipeline to connect the terminal to the Maghreb Gas Pipeline. Europe (GME).
Perfect Storm brewing here imo.
It might not be today, but this is very close to going on a run/re-rate that is going to catch an awful lot of people by surprise. And I don’t mean just a few 10% days.
GL all
I agree BDC.
The current SP is going to look the most ridiculous it’s ever looked if/when Cheriot get an offer for this part of the business.
Every £10m achieved in an offer is worth 1p (ish) of the current SP, so, as an example, a £30m offer (3p per share) leaves 4p in the SP for Nour & Gas 🤣🤣🤣🤣
ALSO, if shifting this part of the business now, generated/freed up say £30m (made up number) over the next year, in terms of cost savings and sale proceeds, and that is equivalent to drilling an addition 10 Onshore Wells at £3m each, wouldn’t that be interesting??
Just saying.
Some folk still at it see. Any opportunity to inject a little bit more fear, and sow a few more seeds of doubt. Brilliant (there’ll be a couple of others along in a minute to chip in no doubt) 😂
“ As these divisions have grown, they have increasingly attracted different pools of capital and Transitional Power, which is now focused on the South African energy market, requires funding in the near and medium term to fulfil its potential.”
For those with IQ’s lower than 12, this review is clearly NOTHING to do with a placing or fund raise of any sort. It is CLEARLY (and the lowlifes already know this) the exact opposite. Chariot are admitting above that this part of the business “to fulfill its full potential” will require funding, and they are NOT prepared to divert that funding from the Gas pillar at this time, because that is their main focus right now, so are looking at alternatives.
But you knew that, right?
Nope!! Grants from EU Global Gateway and Farmdown of Chariots share will be how Chariot fund their end imo. Nice try tho 👍🏻
“We are pleased to have recently received considerable, high-level support from the European Commission, with Mauritania being selected as a key partner in the EU's Global Gateway initiative for future hydrogen exports and green steel production. This highlights opportunities that will be mutually beneficial in the long term. Our will is firm to continue to coordinate with our partners and encourage the industry through the development of major energy projects such as Nour."
There’s been warnings of a placing at AVCT since December 2022, and yet you’ve ignored those. Not only that but you were ramping AVCT as recently as few weeks ago on here at £1.35, just before said placing at 50p a couple of days ago.
So who’s the mug, and who deserves the Karma suppository??
Oh the irony NFTs.
The only person here that deserves/deserved a dose of Karma is you. And you got it.
You are the only one trolling a share and its shareholders that you haven’t been invested in for years.
I do hope your losses on AVCT are significant enough to have delivered a significant overdose of the stuff as a hedgehog shaped suppository.
But as I keep saying, I can count on 1 hand the number of private investors that have sold since the Farm In announcement, so how do you decide and who decides whether the decline is as a result of it.
All the same people are still here as far as I can tell, so as a snapshot of “the market” it’s NOT private investors that are selling, and those that are are doing so out of frustration at the share price and being margin called. If it had about “the deal” many more would have gone before now imo.
Anyway, each to their own. I happen to think this is not PI related and not deal related, as I’ve said before.
Time will tell, but I ain’t leaving at this point,no fkn way, and neither is anyone else here by the looks of it..
GL all.