The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
I appreciate that Nick, however, the way some people on here go on, you’d think Chariot did a placing in couple of weeks. The 18p placing was May 2022, and the one before that was a small one in December 2021 (to develop/drill Anchois) at 7.5p. It’s only 6 weeks since the last one, and that money is specifically earmarked for the new license, so we can forget about another one any time soon, imo!
The alternative to placings (and I understand nobody likes them) is to take on debt, which, at a time when interest rates are at their highest in 20 years, is not only expensive, but also fraught with danger. If you have debt, and something goes wrong, assets start to be repossessed, and it can end very messily for everyone concerned, especially private investors.
I wish folk would just take a step back and look at the bigger picture sometimes, instead of basing everything on the Share Price.
Apologies Nick, that wasn’t aimed specifically at you.
I just don’t get the infatuation with the SP all the time. It’s only relevant if you want (or need) to sell, at or near where we currently are. I don’t imagine there are many who are interested in selling at 15p, 17p or 21p, so it doesn’t really matter (to me anyway) whether we’re at 12p or 19p, does it?
It’s is frustrating, but I just don’t get why people need to repeat that they’re frustrated, or keep posting what the SP is (we can all see it) every time the price drops a couple of %. It’s really tedious 🙄🤷♂️
If people are that frustrated, fed up, scared, worried or bored, either switch your computer off and go and do something else, OR sell up and bugger off.
Why would it be influencing AA & CC, Surfit, when both these significant holders declared their positions after the recent placing was announced and before it actually happened?
Not sure I get your logic? In what way would it be influencing them and what are you suggesting either or both would do, or not do, based on that influence?
FWIW, my view is this will either go way past 50p or nowhere near it. For the price to reach 50p (and imo, beyond) then what we are waiting on re Anchois re Farm In, FiD, GSA etc will have come to fruition, in which case, baling out at 50p would mean leaving before production begins. Why would people do that when all the risk is gone?
It’s one thing setting “top slicing targets” but as I’ve said previously it’s dangerous and silly to set sell out price targets when you’re waiting for news. How can you set a price target when you have no idea what each of the above pieces of news will look like? Anyone doing so is making an emotional decision based on the current share price and nothing else, and looking at the bigger picture.
If you don’t like the big picture or don’t trust what the BoD are tell you, the time to sell is now imo.
GL
Interest point Lochnagary.
The quote below from AP (included in the RNS on 2nd May confirming the partnership with Vivo) stood out to me at the time, and has done ever since. The wording of the second sentence seems “odd” and I had always thought this was a thinly veiled dig BY Chariot at the Moroccan Govt for dragging their feet, HOWEVER, as you say, it could well have been the complete opposite, and just Chariot highlighting that they ARE doing all they can to get this done, as quickly as possibly.
“Morocco's significant industrial gas demand, which this partnership will supply into, further supports the commercial viability of the Anchois project. This agreement confirms the priority given by Chariot to the Moroccan energy market, expands upon our other existing sales negotiations around future offtakes for the gas from the Anchois gas field and sets out a collaborative partnership with one of the continent's leading energy distributors, as we continue to develop this high margin low risk asset."
Thanks NorViking.
I completely understand AP’s reluctance to make a rod for his own back and offer “revised timelines”. It’s more than possible, the loose ones he set previously have been used as sticks to beat him with, both by those he is negotiating against, as well as by shareholders. He’d be mad to fall in to that trap again at this stage.
I also have no doubt the BoD would have much preferred to have gone into todays AGM with a Farm Out secured, and having been able to spend an hour or 2 with more upbeat investors, rather than the prospect of facing some uncomfortable questions. Unfortunately it wasn’t to be, and I understand the frustration of some.
Hopefully not long now.. Could be next week, could be next month. I can wait.
If Bubblepoint is anything like me, what he is really sick of KB, is posters like you, who post the same repetitive moan and/or whinge EVERY SINGLE DAY IN LIFE on this bb.
I’m all for discussing the pros and cons of this share, but you, and your sidekick Smyth11 ONLY EVER post the same thing, over, and over, and over again. We all get that you’re fed up waiting, but your posts are boring, repetitive and nauseating, and only ever make the same point. I’m not sure if you think your puns about “jam” “soon” “imminently” “etc are funny, or if you just forget from one day to the next that you used them 6 or 7 times the day before, but either way, it’s just tedious and does nothing but disrupt the bb, particularly when some of the grown ups are trying to make informative or relevant points.
Of course it’s a “logical answer” KB, in fact it’s the only answer.
YOU are the only one keeping yourself here, nobody else! The SP may not be where you want it to be, but you are literally the ONLY one that can decide, whether based on current info, you are comfortable staying in, or cutting you losses and doing us a favour, and efing-off.
For everyone’s sake, I hope we hit your target price soon.
“Well Funded” even.
👏👏
“We’ll Funded”