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You also seem to imply that “the 12m” is already gone, or that it will all be paid out at the same time in early 2024. If drilling doesn’t begin until Feb/March 2024, those funds remain in the bank (gaining interest, although minimal and not overly significant) and will be drawn down over the course of the drill campaign.
You seem to be attending to paint a bleaker picture than is necessary imo.
Yeah, I think you’ve both been had, I’m afraid. Selling and moving on to a company where you trust the BoD, seems like the obvious option.
Good luck with your new investment.
P.s. if you could pop back with details of your research, so we can all get a slice, that’d be great. 👍
As I say, I may be wrong, and you might be right. If it is the case tho, build costs must be low and energy sale margins high?
Also, as you pointed out below, “Chariot have the right” to invest up to 49%, not a duty or responsibility, to do so.
Whatever the deal is, I’d be surprised if Chariot are involved in this out of the goodness of their heart.
So you’re suggesting that Chariot & Eren fund the build of each facility and that the only income generated, and the only ‘payback’ they receive in return, is from the sale of the power to the client for the life of the mine?
You might be right, but I can’t see it tbh.
I may be completely wrong, but my understanding is that Eren & Chariot are bring ‘nouse’
, skills and experience to the table on these projects, not money. They will assist with the overall project set up (which may include a financing element on behalf of the client) ) but the client will (I assume) be responsible for all costs involved, and the project will be self funded, from Chariots perspective.
If Tesco want a supermarket built, the construction company wouldn’t finance it or pay for it, neither would Tescos checkout staff be on site digging the foundations, imho.
What really amazes me, is that people on here seem to think the low volume, apparent lack of interest and general apathy, are unique to CHAR.
I know there are some on here who only own this share, and that’s part of their problem (it also means that unfortunately the rest of us have to relentlessly read their nauseating repetitiveness) but a blind man running for a bus can see that the whole of AIM has been in the doldrums for years. Until that changes (and it will) it’s Risk Off in AIM and I can’t sight one example where an AIM share price has risen commensurately with growth in the business (If anyone can name one, I’m all ears) over recent years. In almost every single case an RNS causes a spike, and because people have been “trapped” for years, the spike is sold into.
I hate to break it to you, but the RNS(s) that some on here relentlessly crave, will be exactly the same, only on a slightly larger scale. If people want real value, and a fair price for what Chariot have, they’re going to have to wait till the taps are turned on.
Having said all of that, I crave those RNSs too, just for different reasons. The sooner they come, the sooner this will spike, and (hopefully) the sooner some who have been here far too long, sell into it and move on 🤞
I’ve honestly never seen anyone (apart from maybe Mulder) spend this much time, or go to this much effort, trying and convince themselves they’ve done the right thing, and sold out.
You must be finding it almost impossible to sleep 😂