Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRoc. Watch the full video here.
Yes, all rather silly.
At a basic level, if you take Cash in the Bank, pretty much the minimum lump sums from the deal, plus the promised back costs up to FID and The seismic costs for Rissana, that must be close to 50% of our current Market Cap đđ€Š
Fernan
âFor now, the only reality is: Energean will pay US$ 25 million for a 45% stake in Anchois. If the flow test in uncessfull, we will only receive the initial US$ 10 million, and thatÂŽs all.â
But wasnât/isn't that always going to be the case? Without a flow test, there would be no financing from anywhere, so all these things have to happen at some point, just potentially in a different order. This way, and assuming there are preset flow test parameters in the contract (which there has to be) everything is âgood to goâ.
Good point, Happy
If Chariot had gone (or end up having to go down) the self finance route, interest on any loan would have begun to accrue as soon as the loan was made. By doing it this way, there is no interest until production begins, so itâs in Energeanâs interest to get us to that point asap. Interest on 50% of capex for a 12-18 months (albeit not all would be drawn down initially) isnât insignificant.
âŠâŠand are we just ignoring these bits? đ€·đ»ââïž
o US$85 million gross carry including:
§ All Lixus costs up to FID, including the additional Anchois well with a gas flow test
§ Planned Rissana seismic acquisition costs separately capped at US$7 million
If ever there was anyone that deserved NOT to break even and/or lose money, itâs you kb. You are literally the most pathetic, whinging, embarrassing excuse for a so called investor, ever to grace these BBs.
I tried to tell you months ago to sell up and leave, because investing wasnât for you, but you didnât listen, you just kept moaning, and repeating your nauseating tag lines. Do yourself, and the rest of us a well overdue favour, take my advice now, sell your shares, take whatever money you have left and go buy some premium bonds or something!
Absolute đ€Ą
Laughable!!
Thereâs not a snowballs chance in helll that Chariot would be signing this deal, if ONHYM or the Moroccan Govt were even remotely concerned about the consequences from a geopolitical perspective.
Try harder đ
âWood for the Treesâ springs to mind.
Couldnât agree more Happyinvestor.
This deal gives Chariot the opportunity to earn vast amounts of revenue with no further dilution and zero debt (in fact less than zero due to structure of deal) off the back off 1 drill with a very high COS.
Itâs an absolute no brainer. If people canât see it, simply because the SP didnât react âcorrectlyâ yesterday, more fool them.
CoolMax, there are ONLY ever 2 reasons for manipulating the price downwards imo ;-
1) To allow Short positions to close out
Or
2) To fill a large buy order.
IG are showing 97% Long 3% Short so not a huge amount of short positions to close out.
Anyway, time may, or may not tell what the reason for this ludicrous drop is/was, but imo, itâs not because of the deal announced today.
Wouldnât they be more likely to drop the price like this if they had a large Buy order to fill? How would they possibly fill a big buy order in a rising market on a day of excellent news, if everyone else is trying to buy too. Especially if it was at a pre agreed price! đ€·đ»ââïž
Nickshaw, I donât accept that the market âdoesnât like the dealâ. Iâll have to agree to disagree with those who say it doesnât, but a drop of 20%, on this volume, with this number of buys v sells, just doesnât add up. I may be proved wrong and a huge sell may appear after hours, but 1 person/Insti offloading still doesnât mean âthe market doesnât like the dealâ imo, it just means they want to sell, for whatever reason, and are using today to do it.
On the face of it, and at this point in time, there a pre 2m more buys than sells today.
Looking at the trades (and I only have a limited view) Iâm going to suggest that the drop in SP has nothing (or at least very little)to do with the Farm In terms/deal.
Yes, some traders will have bailed, because thatâs what they do on news, but It could also be argued that (although volume has been low) someone has been drip feeding sells over the past 2 weeks. If this is a âdistressed sellerâ it stands to reason they will have taken today (a guaranteed high volume day) as an opportunity to âgo for itâ and dump as many as possible, at any price (within reason) and just get out.
Someone mentioned earlier about the 100k blocks. These are âOâ trades so not the AlgoBot, and they started right on the opening bell, suppressing the price and stopping any upward momentum in its tracks.
The Farm In deal is an excellent one IMO, so I would have expected big buying today off the back of it. Unfortunately someone had other ideas. When theyâre finished, weâll see some upwards movement imo, especially since we know that the On Shore drill will start turning âearly in the New Yearâ.
GL all
Happy, I get the point youâre making, but why would AP let that happen when he just said in the webinar that they had had approaches for the company, and knocked them back.
He knows the value here. Itâs not just a case of someone âtaking them outâ simply because the SP doesnât reflect true value.
Oh, and donât ever let anyone ever tell you that the stock market isnât rigged. What we are seeing this morning on here is off scale in terms of manipulation. Disgraceful.
The first question earlier was mine, about the âmuted reactionâ to the news. They didnât read whole question, but hopefully I made the point I was trying to, and the BoD will take notice.
Excellent webinar, almost completed derisked now. Im now 100% relaxed about my investment here. If funds allow Iâll buy plenty more at these prices, as quite frankly, 12p is farcical for what we have and where weâre going.
Those who arenât yet convinced should sell and move on.