Member Info for whimax

Yes redeyemines, and I stand by those comments/words.

The reason the SP is where it is, is because it has drifted on lack of news, some have got bored and left, while others are waiting on the sidelines to find out if the BoD will actually deliver on what they have told us they will.

I agree that on news there will be a spike and then a drift back somewhat, to somewhere north of where we are now, (I said exactly that the other day on here) but It’s absolutely ridiculous to suggest that the SP, is where it’s is, because a Farm In already priced in, especially since we have no idea what that farm in will look like. AIM spikes and fall back on almost every piece of news, not because it’s priced in, but because of short-termisim, rainbow chasing and the general state that AIM has been in for years.

Re your point about the BoD announcing no farm in. Again, how can you second guess what the SP will do, without knowing what the alternative to would be to a farm in. What you’re suggesting is that the BoD say “no farm in” and nothing else!! Again, just plain silly.

Trouble with you KB, is you’re so busy trying to fit your tedious, extremely unfunny, repetitive, and boring “ jokes” (in the very loosest sense of the word) about “soon”, “imminent” and “shortly”, into every single post, you don’t give any thought to your responses.

If you actually did some research, instead of just trying to pick holes in everyone else's posts, you might actually learn something.

Goodness me!! We’re in the middle of trying to sign a GSA (Gas Sales Agreement), and you can’t see the relevance? 😂

Crazy comment redeyemines, imo. To suggest the Farm In announcement is “all in the price” is absolutely absurd.

Mischief making at best. Ludicrous!!

Just my opinion, but the longer this goes, the more likely it looks (to me anyway) that Onshore and Offshore will form part of the same Farm In.

It’s quite possible the reason for the delay, is that potential OffShore Farminees, have seen some of the data from the OnShore license and want a piece of that too. An up front payment and near term production (12-18 months) from OnShore will be more than enough to take us to production of OffShore; without further dilution. It would also allow Chariot to use the OnShore production/asset as collateral to raise finance for their share of OffShore, if required.

“Duncan Wallace, Chariot Technical Director, opened the exploration session at the 3rd Morocco Oil and Gas Summit today, giving the keynote address on the topic of Morocco's unique potential as an emerging hydrocarbon province.”

https://x.com/chariot_energy/status/1717154307496120611?s=61&t=n_2hkWpElgdgvzOpn_RbHg

Algo-bot trading imo

Well KB, your post at 12.38 has now been removed, so I assume the investigation has begun, and it’s not looking good for either of you lol.

Oh dear KB (or whatever your names are) me thinks you protest too much.

Gooner and I have had our differences, I agree, but you’re really showing your desperation, in trawling back through my old posts to try and rekindle them. As for Surfit, I was perfectly civil earlier and merely asked a couple of questions regarding the calculations on his post.

Anyway, I’ve handed this over to admin so we’ll see which of us have multiple IDs, in the not too distant future. In the meantime, look after yourselves 😂

Just explain your post KB, and I’ll leave you alone. In the absence of an explanation the only conclusion is that you signed in with the wrong ID and thought you were posting as someone else?

I’ll wait, but in the meantime, I’ll also contact Admin and check for multi IDs from you IP address.

You just going to ignore my post, KB (or whatever your names are) and hope it goes away? Or are you going to explain why you referred to yourself in the 3rd person?

Lol. He’s by no stretch of the imagination, the youngest here 🙄😂

Is that why you left your earlier post so ambiguous?! 😉

Yes, I agree, although they clearly state in the 2022 results “ Cash of $12.1 million as at 31 December 2022 with no debt and minimal remaining work commitments.”

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.

Surfit.

Can I ask, have you made an assumption that Chariot had zero funds left when they did the placing in July? You seem to have, based on your “19m” calculation, and timelines.

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.