Member Info for Wiggly

Are we going to see WG move from 22 > 30p today? Was it only the Yes vote holding it back?

Any other risks to consider ?

Considering moving all in if the market is offering 22p at 8am…

Daz

-Sidara really want to acquire WG, they will not walk away from this one chance to own the business-

Must say I agree. They haven’t come this far to lose now. Major holders need some leverage though - whether that be a financing plan or another bidder. I’m sure they must be active to secure best value for their stakes?

With this MOU in place how exciting a prospect does Chariot become with some positive news from Anchois…

Traders that bought in yesterday looking for a quick flip?

The wording is key:

Chariot + ACWA Power will develop projects in renewables, battery storage and gas-to-power.

That’s the bridge straight back to Anchois.

Chariot only has one gas asset – the Anchois discovery in Morocco – so any “gas-to-power” reference can only mean one thing: turning that gas into electricity.

ACWA is already huge in Morocco (Noor Solar, etc.) and specialises in hybrid plants mixing gas and renewables.

So this opens a clear route to monetise Anchois faster – feeding gas into power plants for national grids and industry, instead of waiting years for export pipelines.

ACWA brings the capital + EPC muscle.

Chariot brings the gas + regional access.

Together they can deliver reliable, low-carbon power across Africa.

Make no mistake – “gas-to-power” means Anchois is firmly back on the front burner.

The new MoU with ACWA Power isn’t just about renewables – it’s a direct route to monetise Anchois gas.

The partnership includes gas-to-power, meaning Chariot can use its Moroccan gas as feedstock for regional power plants built and financed by ACWA.

Instead of waiting on long pipelines or export deals, Anchois gas can be converted straight into electricity for local grids and industry — faster, cleaner, higher-margin monetisation.

This hybrid model (gas + renewables + storage) perfectly fits Africa’s transition needs and global investor appetite.

It also gives Chariot the credibility and capital muscle to scale beyond Morocco into southern Africa.

ACWA = game-changing partner. Anchois = the fuel.

Together, they could power the next phase of Chariot’s growth

Chariot signs MoU with ACWA Power – one of the world’s biggest renewable players – to build a Southern African energy platform across renewables, storage & gas-to-power.

Tier-1 validation, multi-country growth, financing de-risked, and clear synergy with Anchois gas.

Adds serious weight to the renewables demerger story – Chariot is evolving fast into a major African energy platform.

Nope - it’s real news !!

Interesting

He’s definitely recommending his own posts with his multiple trading accounts.

Harry is a trader, clearly. He was missing in action during the recent move from 1.4-2.2. He will be missing again soon....

Clear technical step-up at Loukos.

Chariot’s new CRS + PSDM reprocessing has sharpened the subsurface picture across Loukos. The updated section shows thrust faults and lateral ramps imaged with far greater clarity, plus two mapped closures — Target 1 and Target 2 — alongside the LAM-1 discovery. The notes on the slide point to thrust fronts trending SW and ramps oriented NE–SW, consistent with the regional thrusting fabric.

This matters because better fault geometry and ramp definition cuts structural risk and improves well targeting. Loukos now shows multiple, well-defined opportunities in the immediate vicinity of an existing discovery, which strengthens the technical case as the licence matures.

The Lesotho Highlands project just sold 30% of a 30 GWh hydro plant for R390 m — implying a £59 m valuation for a single renewable asset. That’s ~£2 m per GWh/year of output.

Chariot’s Etana Renewables pipeline in South Africa alone targets ~450 GWh/year, which on that benchmark would be worth £900 m at full build-out — even at a 70% risk haircut, that’s ~£270 m, nearly 10× the current market cap.

This confirms what the market’s missing: institutional capital is now flowing into African renewables at serious valuations. Lesotho proves the model works — Chariot is building the next one.

Moving - sensed it earlier

Strength returned. Hopefully news this week

Chariot must be planning a big bang announcement!!!

Many positive development in the background, including big meeting in Morocco today, but nothing formally announced to holders

Congratulations to GESGB (Geoscience Energy Society of Great Britain) for putting on another fantastic conference focussing on E&P in Africa.

A particular highlight of course was my colleague Robert Fox's talk on the amazing reprocessing uplift on Chariot Limited's Loukos Onshore 3D seismic dataset in Morocco - an excellent way to round off the event 👏

If Chariot were sitting on a £200m market cap, you could understand some investor caution, but at today’s valuation it’s clearly priced to fail. The current share price assumes nothing goes right — no gas development, no renewables monetisation, no strategic deals.

Yet the upside potential remains huge. Even modest progress on Anchois, the Etana renewables platform, or a credible farm-out would completely reset market confidence. The asymmetry is striking, with limited downside from here but multiple catalysts that could re-rate the stock several-fold once the market recognises delivery momentum.

Fair points, but overly pessimistic in my view.

Yes, dilution has been heavy, but it’s also financed tangible progress: appraisal wells drilled, CPR upgraded, FEED completed, and multiple MOUs in place. The Anchois field is fully derisked technically, with proven gas, low capex, and proximity to existing infrastructure. Morocco’s demand, pricing, and government backing create one of the most attractive fiscal environments in Africa.

The current £20m market cap prices in zero value for a project with NPV well north of $500m and growing renewables exposure. Once funding or a strategic partner is confirmed, sentiment can flip fast — the setup here is asymmetric.

Markets don’t “trust” small caps until they deliver revenue, and that’s exactly what Chariot is on the verge of doing.

I think high probability of news next week, prior to November.

Renewables & O&G

Fingers crossed

Why the delay? Straight forward to sell diamonds in the UAE - same day if the will is there