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Was thinking, if you have a share thats trading higher than you expect, and have the possibility of news,,, and you are also now tempted by the possibility of buying back lower.. Maybe the best time to sell would be in the morning on the back of other sellers.. If others follow you can buy back cheaper ready for the next mornings unlikely update. at worst buying back higher
CLON ?
Looks like He1 is set up for another run at 0.80p.....which will put it back inline with the low before the placing, about 1.15p old money,, and 0.91 would put it back into the 1.3p trading range.... Being fully funded its free to move up
Ah I know another one got away that’s more or less tripled off the low.
We missed AEX, when you think how long have they gone without raising, how,./..
Yeah the funding seems brutal right now, its very risky holding these shares when one is due as the companies are almost advertising they need one so helping to push the SP down.....
Yeah MATD is on my radar and feels risk, they have this month to use the team before they go off for Q3 and if they miss this deadline and release rns the SP will drop but due to the rampers it seems to recover so an easy 20-30% within a month or so.....
Maybe funders are wanting a big discount, being greedy like with He1..
Funding is getting really dangerous for the LTH, and even traders,,
He1, dilution by a 1/3, plus what's left reduced in value by more than half, double whammy
Yep, some less riskier ones about where you can put more down to get the same return..
He1 should be trading sideways or up, maybe time to practise buying those dips and spikes..
Matd, delay getting more likely, could workout nicely for us, as we know it will attempt 5p, if no further dilution..
I bought some at close, planning to buy in the morning if it dropped, but got distracted..
Sure it was pumped, a 12m buy at 0.677p, why buy then it was going sideways, why not at 0.59/0.60...
Easy for the deep pockets(MM), buy 12m so you can unload 100m at a higher price
Ah rigt, a real shame its destroying the SP, they have two good wells just need to bring them online. Maybe they are trying to hold of raising so the dilution is minimal or crasing the SP for a new investor to jump in on the cheap?
The issue is these can either of two ways, either drop or go up. 88e dropped last year when spud started so It be a real risk buying in now.
However I think they are drilling a helum well next so if this one is a duster it might recover quick like Char did the other month.
I messed up here lol Up 30% today!!!!!! This is going wild
Its not supposed to start for 2 weeks then take 10 days..
Could it rise on people placing punts before it starts.. 6p would be 20%..
Only risk now is it drifts down, as testing approaches ??
Could see a good return on a small punt if they successfully flow test, I think I seen a broker price of 14p, but can't remember on what exactly, so maybe a +50% rise on success..
Funding, only money issue July on, sometime after there is $15m due to them, depending...
Final Investment Decision FID
Conclusion
The forecast indicates that there will be a cash deficit from July 2024. To manage this the directors mitigating actions include cutting discretionary expenditure and deferring creditor payments until funding across the business at an asset, subsidiary or Group level are successful, however, it also acknowledges that this short term funding is not, at the present time, in place.
Longer term, subject to successful drilling results at Anchois East, Chariot, in partnership with Energean and ONHYM, are focused on reaching FID shortly after the drilling and testing campaign has completed which could result in $15 million cash inflow within the going concern forecast period.
https://www.lse.co.uk/rns/CHAR/2023-final-results-43qdlfetkid3qc9.html
Can you tell us more about securing Energean as a partner?
During the first half of 2023, we completed the FEED phase at our Anchois gas project which defined our initial development plan and confirmed the commercial viability of this significant discovery. As we progressed our FEED project, we also undertook a partnering process in order to be able to look to upscale and deliver the potential that we saw this project offers. This process generated significant industry interest where we had multiple offers and we were delighted to sign agreements with Energean, the FTSE-250 company, as a partner across our Lixus and Rissana licences. Energean acquired operatorship and 45% in Lixus and 37.5% in Rissana, with Chariot retaining 30% and 37.5% respectively and ONHYM maintaining its 25% stake in each licence. We received US$10 million on completion of this deal, we have a US$85 million gross carry on Lixus pre-FID costs which includes the Anchois-East well and flow test and a further US$15 million is payable on FID. They then have an option to acquire a further 10% for a gross development carry of US$850 million to first gas, a US$50m convertible loan note or 3 million Energean shares, and 7% royalty payments on their production revenues.
So why the recent drop? I think Lergal is in here but he hasnt replied to my last question about the recent drop.
Yeah saw that, they have been really good with comms during this spud. Deffo one for other companies to follow.
Courtesy of Surety
Next drill, maybe August
"Our overall unrisked NAV for Anchois, including Anchois East Footwall and Anchois East North Flank, is £0.42 per share"
Chariot (CHAR LN) C: target price of £0.50 per share: High impact well offshore Morocco on track to spud in August – The FY23 financials were in line with our forecasts. The high impact Anchois East well is expected to spud in August. A drilling success could increase the size of Anchois to over 1 tcf (300 bcf net to Chariot). Our overall unrisked NAV for Anchois, including Anchois East Footwall and Anchois East North Flank, is £0.42 per share.
Testing of the Dartois discovery onshore Morocco is expected to take place in 3Q24. Subject to the results, first gas could occur in early 2025. Chariot will initially transport the gas to market as CNG. Demand is the area is estimated at 10 mmcf/d. Éclair and the adjacent Éclair West closures are follow-on prospects which share the same reservoir system, seismic attribute support and similar burial depths. This group of prospects is estimated to hold 32 bcf gross prospective resources.
https://www.lse.co.uk/ShareChat.html?ShareTicker=CHAR&share=Chariot&thread=8316B44A-E218-4278-A05B-3F011898B57A
https://www.lse.co.uk/ShareChat.html?ShareTicker=CHAR&share=Chariot&thread=AC3363C4-8592-4E19-8AFB-94A562D43B1E
https://www.lse.co.uk/ShareChat.html?ShareTicker=CHAR&share=Chariot&thread=0DE08F2F-0F52-4F88-A624-219B98D96B7A
BOIL, Anybody know what this leak is ?
Something posted on He1 BB about it....
Looks like he sold some options to get the funds to convert the rest into shares. Virtually doubled his holding.
Moving onto flow testing, sounds like this is where the blowout occurred last time
He sold the options ?
Roaring kitty no longer holds the options...he has bought another 4 million shares total of 9 million now🦍
I guess the drill is funded so if you catch the low you should profit..
All this bad news has killed the build up, it should be drilling a first week of July and price is falling .. BB sentiment poor
If they lost Pensacola, the chances are they will lose this one further down the line when it comes to appraisal drilling especially if Labour get in..
Labour in and back to buying Russian oil in a a few years
Maybe jump in on Chars raise, plenty to look forward to there....