Member Info for whimax

Not sure what your pint here is Ripley?

I think many are in the same boat NewK. The AlgoBot is in complete control here due to low volume, and volume is low due to the AlgoBot being in complete control imo.

New investors (and those of us looking to add again) are fearful of where the Bot wants to take the SP, and even traders appear to be put off because it’s confusing the chart (apparently).

As soon as large(ish) “O Trade” Buy drops, the Bot kicks in with a barrage of Sells.

It has to change at some point, but fk knows when.

Morning NewK.

Around half of that is down to the UT last night, which gave a false close imo.

Frustrating tho, but still time to hit targets. Suspect OHNYM are the hold up/bottle neck rather than a major issue.

IF, and it’s a big IF at this stage, the seller has finally cleared, then the start of news flow could be perfectly timed.

As painful as it’s been, I’d rather the seller was out before news, than selling into it. 🤞

Seller cleared with final trade maybe? Last trade of the day and we finished on the day high.

Nice end to the week.

Roll on next week. News on multiple fronts is any day now imo.

From The Armchair Trader.

“Chariot aims for first drill on Morocco gas project”.

https://www.thearmchairtrader.com/chariot-aims-for-first-drill-on-morocco-gas-project/

I think we’re almost at the point now where we’re priced to fail with all 3 pillars. I’m not saying there won’t be a dip if On Shore “fails”, (highly unlikely with a historical 80% CoS) there is almost literally nothing priced in here now from any of the 3 pillars, when you consider cash in the bank and payments from ENOG at ratification on Farm In.

Crazy imo, but there you are 🤷‍♂️

Morning Gooner.

I’ve never made SP predictions, and I’m certainly not going to start at this point, but what i do know, is Chariot are now closer than they’ve ever been to making some serious money, with umpteen share price catalysts scheduled over the next few months.

I suspect the BoD are as baffled as we are as to why the SP is where it is, but ultimately, I’m expecting many multiples of where we are now, which is why I sold some other holdings yesterday morning and increased my holding here by 20%.

The SP is frustrating, of course it is, but I’ve said before, I never planned to sell any until a certain point (which we haven’t reached in over a decade) so whether it’s 8p or 28p is pretty irrelevant to me.

As far as Institutional Investors are concerned, this is not the point they will “buy in” to an exploration company these days (it’s not like it was 15 years ago). iMO, the risk here is minimal, with so much going on, but it’s not risk free enough for an ii to risk other people’s money. They will come, but just not yet.

I think the fact that Aldo Costantini was appointed Energean Country Manager in Morocco last week is also extremely significant, and a good indication of how seriously Energean are taking this venture. Tick Tock.

Also on page 12 “Funded for low-cost 4 well campaign”. 2 have been identified (as mentioned earlier). 2 still to be identified, but funding is in place for them. Id like to think they won’t hang about on these either, which I don’t think Auctus mentioned, but were mentioned at the presentation.

Mr Plo, I assume you’re being deliberately obtuse here, to fit your argument.

The Auctus broker note, is not being “ultra bullish”. They are basing their 5-10mmcf per year on EXISTING discoveries for the 2 wells already drilled. Chariot will drill another 2 wells within the next few weeks which have a CoS of 65-85% (as close to nailed on as it gets) so an assumption of another 5mmcf from each of those is surely not over egging things? They also have permits for a further 16-18 on shore wells after the ones next month.

25mmcf and $48m net to Chariot from Loukos by 2025 I would say is ultra conservative imo.

Gooner, with the greatest of respect, you’re being ridiculous if you’re serious about “derisking” at 10.50p.

IMHO.

When you consider that if Onshore alone (existing discoveries =10mmcf) reaches 20-25mmcf after the next 2 drills (COS 60-85%) it will generate $48m net to Chariot per annum, and take cash in the bank and payments due, then look at the MCap, you start to realise how stupid the current share price is. Virtual nothing is priced in here.

Can’t last imo.

Agreed Gooner, but even on AIM value can’t and won’t be ignored forever

At some point, Gooner, everything that Chariot are doing will become so obvious, that even a blind man running for bus won’t be able to miss it.

A combination of poor PR by the Company (which I hope is now improving) and basic ignorance of the story by potential and existing investors has got us to where we currently are. It currently seems that only a photograph of the pipeline with gas flowing through it, or a ship containing Green Hydrogen docking in Rotterdam, is going to be what it takes to convince people this is all real.

In the meantime I’ll continue to wait and add until others wake up.

Yes, Nour is a private enterprise (no tendering) with TE/CHAR targeting production of 1.2MT of Green Hydrogen by 2030. The video I posted last night explains (well worth 5 minutes of your time) that Team Europe will make available, €300b of grants (if you meet the criteria, you’ll get the grant) to ensure that the 20Mt of GH they need “By 2030” in Europe is provided.

TE and CHAR are right in thick of this in Mauritania so its becoming easier to see why AP is pretty excited about this pillar of the business, and why it could easily be worth $1b in the next 5-6 years. For that to happen, this will be starting to ramp up now.

Just another catalyst that the market is missing/ignoring here imo.

Https://x.com/chariot_energy/status/1755664719753441489?s=46&t=CfuFJqRZzpmW0bqPoYobnQ

Chariot is proud to be playing a role in Mauritania’s burgeoning green hydrogen industry, through its development of Project Nour, alongside Total Energies, one of the largest green hydrogen projects in Africa.

I’m pretty sure it will be. PRD will get it back once we’re finished with it.

😂

Agreed Thebold.

As per Chariot presentation in August, production from existing discoveries at Loukas is expected to be 10mmcf per day. Another 2 drills next month could see that increase to 20-25mmcf per day, roughy $48m net to Chariot per year.

Not that material tho, just 50% of current MCap 🙄😂