Currently trading at 15% discount to Cash21 May 2020 08:42
And 95% discount to portfolio value.
With $9.5m in the bank (£7.8m) and annual running costs of ~$2.5m, CHAR is fully funded for 2-3 years - with no commitments other than current G&A. In this time, even with Larry's pace, we will have partnered on the Lixus high class asset - which judging my the recent trades feels like we are nearing some news..
At some point this will be picked up and the herd will arrive, driving this back to 20p.
O&G market improving which will give some greater visibility to stocks such as CHAR.