Eco Atlantic should reignite PI interest in large exploration drills

Published 83 days ago

Back in 2010 it seemed that barely a week would go by without some tiny AIM oil explorer drilling a well that could potentially make or break the company, but these days much of that excitement seems to have disappeared.

Is it worth giving Chariot another chance?

Published 309 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.

Wild Rides Rides Again with Two Coppery Commendations which Are Not At All Wild

Published 433 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). 

North River Resources launches Namibia fundraising

Published 894 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.

Weatherly; increasing copper output, but is it a buy?

Published 909 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.

Chariot Oil & Gas; navigating through an extremely tough market

Published 1127 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.

Chariot Oil & Gas - The Right Move in Namibia - the patient will be rewarded

Published 1243 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.

Buy Frontier Resources at a 2p offer

Published 1303 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.

Tower Resources - a gamble worth taking?

Published 1342 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.


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