Maybe not Gas Related24 May 2024 13:07
This rise maybe has nothing to with Onshore Morocco?
10 weeks ago on Monday, Chariot put out the RNS re the Strategic Review on its Transitional Power pillar (see below). Only yesterday Petra Diamonds RNSd a deal with Etana Energy which Chariot owns 49% of and didn’t bother to RNS.
Is this SR coming to a conclusion, and is the last sentences of the excerpt below now in play?
So much going on!! 👀
“Management has been progressing debt and equity financing options at the subsidiary level and has received indications of potential interest from South Africa focused investors to fund the Transitional Power business. Whilst there is no certainty that a funding package will be concluded, management has elected to undertake this review to explore the options available to the Company, which may involve a full or partial sale or demerger of the Transitional Power business or the division remaining part of the Chariot group, with the aim of the strategic review to maximise value for Chariot's shareholders.”