Member Info for whimax

And yet you’re still here?

“Looking ahead, Chariot states that it is focused on generating near-term cash flows from its gas business and continuing to expand its renewable and hydrogen projects. The company aims to return capital to shareholders while exploring new opportunities within its existing asset base.”

Still spending almost all your time here talking this down Surfit, despite the fact the majority of your funds are elsewhere? How is that flip trade going?

Care to tell us which share you’re waiting on before buying back here? Tick Tock 👀

Yes mate. And Namibia is hot right now.

https://www.upstreamonline.com/exploration/namibia-showdown-looms-in-battle-for-stake-in-galp-s-crazy-mopane-discovery/2-1-1659797

Namibia showdown looms in battle for stake in Galp’s ‘crazy’ Mopane discovery

All Western majors have shown interest in prolific Orange basin find that holds in place resources of 10 billion barrels of oil equivalent

I wouldn’t want to be out of this over night at this point, and certainly not over the weekend. 😉

Yes, not a bad finish, and nice to see a bit of a bounce.

Ironically, yesterday’s “uncertainty” around funding, adds to the expected news flow over the next couple of months. There’s obviously money expected from somewhere, so could be from Transitional Power, our 10% back in option in Namibia, or the additional “new venture/project” alluded to by AP yesterday in the results video. Or could be a deal that encompasses all 3. 🤷‍♂️

Thanks for the feedback Ianfer. Any particular post spring to mind?

If I respond to posts on here in a slightly derogatory manner, it’s normally because I feel that person has an agenda (not the case today I hasten to add) and has had for some time, and doesn’t really deserve the niceties, Those people will know who they are.

Other times I post in response to a specific point that I feel has been missed or can be looked at another way. To those, I apologise if I come across as rather abrasive sometimes.

Wheat and chaff and all that lol.

FWIW I think funds are expected from the outcome of Transitional Power FS, but have not arrived as quickly as they’d hoped.

Just my opinion.

Hi Legalwolf.

They can’t give that reassurance, or the follow up “that all is well” (as you put it) that is why they had to caveat it with the ‘going concern’ statement. If they could guarantee it 100% it wouldn’t have even been mentioned in the first place in the RNS. It’s a catch22 situation.

Because of the low cash balance they have done an exercise which has produced mitigations which (they see) based on what they know is coming in, will buy enough time to get to the point where money is in. If they hadn’t that confidence, they’d have done a placing prior to releasing the financials yesterday. They clearly don’t think that was necessary.

They had 2 choices. Do a placing which nobody wants, OR acknowledge the low cash position in the statement (which can be seen anyway as it’s the financial results) but reassure us (as best they could) that they’re not worried about it due to monies coming in.

Hi Legalwolf.

Re your comment earlier about there “needing to be an announcement by July”, I don’t think that’s the case. They told us in the paragraph below that have already put things in place to mitigate this….by saying “To Manage this….”

“The forecast indicates that there will be a cash deficit from July 2024. To manage this the directors mitigating actions include cutting discretionary expenditure and deferring creditor payments until funding across the business at an asset, subsidiary or Group level are successful, however, it also acknowledges that this short term funding is not, at the present time, in place.”

Basically, by admitting there is a cash shortage in the short term, they are duty bound to make the ‘going concern statement’ later in the RNS, even though have said they have mitigated the issue.

They are clearly expecting an influx of cash in the near future and as has been said already, that will not be via a placing.

Sorry to have disappointed some people lol.

….are in for a big disappointment.

Clear as day from the RNS yesterday, that if they felt they needed to raise, they’d have done it by now.

Enjoy the wait tho 😂

Outstanding post ShareBurro. I don’t understand how I’ve missed all your informative posts in the past.

Please, keep them coming tho!👍🏻

You could actually make a decent argument that if you take the value of Transitional Power, Renewable's, Green Hydrogen & Cash, there is literally NOTHING in the share price at all for any gas at either Anchois & Dartois, so it seems a little odd that some are trying to argue that this is being ‘over egged’, and are trying to talk it down 🥴

Some (one in particular) has been talking this down for several months due to a trade elsewhere, but others are now arriving with a similar agenda.

I take that as an encouraging sign.

Thanks Jimmy

So significantly higher than market expectation and Chariot estimations? 👍

I see my misplaced post wasn’t lost on you, Surfit!! 😂👌

Apologies Surety. Ignore my last message. Had you mixed up with someone else.

Still waiting to buy back in here are we Surety? Tick Tock ;-)

How’s that other trade of yours going? Cutting it fine to get back in here are you not? Which company is it btw?

Keep checking in tho, with the same old questions and FUD, there’s a good chap 👍🏻

Looks like Shell are done with Stena Forth Rig and it’s on its way to Las Palma (probably for routine maintenance).

We’re next to use it, so it’s a case of “ready when we are” as far as AE is concerned. I did say ENOG were being slightly overly cautious with an August spud date (certainly as far as the rig was concerned) so if everything else is ready, I’d be saying any time from mid July is possible.

All eyes on the Vessel Tracker 👀

Surfit still playing both ends against the middle, I see.

Trading elsewhere with funds he wants to put back in to Chariot, so happy to keep spreading fear here on the meantime.

This BB is awash with Chariot haters, who are “invested”. All rather transparent.

Lol. Yes, of course you are.

I’ll wait tho. 👍🏻😉