Published 10 days ago
Chariot Oil and Gas (CHAR) has begun to get my attention again recently as it has plenty going on operationally during the next year or so, and could well become a popular share to be in once again.
Published 135 days ago
Hello Share Jumpers. When I suggested we take another look at the four British banks this week, I got a rather predictable comment from one of Shareprophets' most entertaining members, Wild Rides. You may have discovered from some of his other posts that Wilders dislikes the UK banks after burning his fingers on Lloyds Group (LLOY).
Published 596 days ago
AIM-quoted North River Resources (NRRP) is seeking to raise $4 million (£2.6 million) to take its Hamib zinc, lead and silver project in the south-west African state of Namibia to the point where the company can make a decision on construction. Currently out of favour with investors in a grim zinc market, North River, whose shares have fallen from a 12-month high of 0.88p to a share price of 0.28p at present, is tapping supporters for an initial $1.2 million in 10% three-year convertible notes, followed next month with $2.8 million in shares at a price which will be the lower of 0.3p and the open offer price in the stock market on the relevant day in September.
Published 611 days ago
Copper may have been testing six-year lows of late, with prices down from $4.5 (£2.9) a lb. in 2011 to around $2.42a lb. now, but south-west Africa-focused Weatherly International (WTI) continues to trumpet its dramatic ramp-up of coper production at Tschudi in Namibia. The AIM-quoted company, whose shares have crumbled from their 8p float price 15 years ago to 1.08p now, against a 12-month high of 3.88p, says the fourth quarter of its financial year to last month, Tschudi’s first full three months of operation, saw production of 2,257 tonnes of London Metal Exchange-grade copper cathode, 50% of the project’s design capacity and comments it has set a monthly target of 1,400 tonnes, 100% of design capacity, by December.
Published 828 days ago
On Wednesday, Chariot Oil & Gas (CHAR) issued its “pre-close update”. It described both the challenges and opportunities it faces in the current climate, in a bid to soothe investor concerns about the company’s declining share price. At 7.85p, Chariot is near its 52-week low and is worth £20.8million, well below the expectations of many shareholders. Frustration has been growing at a perceived lack of progress, but is this fair? I caught up with CEO Larry Bottomley to hear his views on how he plans to navigate the oil sector’s troubled waters.
Published 911 days ago
Published 944 days ago
After my recent interview with Chariot Oil & Gas (CHAR) CEO Larry Bottomley, I predicted the company wouldn’t relinquish its Central Blocks licence, offshore Namibia. Although I wasn’t far off the mark in this, what I didn’t anticipate was that Chariot would renegotiate the terms of the licence and remove the requirement for an exploratory drill in the next phase.
Published 1004 days ago
Yesterday I saw an announcement that really caught my eye. Now, bear in mind that the spread on Frontier Resources (FRI) is big enough to drive a prison bus full of Mancs through, but the shares are a buy at a 2p offer. The news concerns CEO Jack Keyes.
Published 1043 days ago
As far as I am aware nothing was done about Tower Resources’ (TRP) extremely controversial placement (which I warned was coming here, prior to the event, and wrote about here, after it was completed). I would be amazed if anything ever is. The AIM Investigations Team passed the buck to the FCA and the FCA just gave me their generic blah, blah about taking accusations of market abuse jolly seriously. Of course they do! After I’d finished counting regulatory flying pigs, my attention turned back to Tower’s share price and whether it could now be worth taking the gamble on a successful outcome in the high profile Welwitschia-1A (as it now is) drill campaign.