Chariot has conditionally raised gross proceeds of US$25.5m (before costs), providing the Company with sufficient funds to advance the Anchois Gas Development towards a Final Investment Decision (FID) and to progress its renewable power pipeline. The placing was significantly oversubscribed, highlighting the market's confidence in Chariot's business model and its management team. We maintain our price target at 51p, with the recent rise in the European gas price forward curve offsetting the dilu ....
20 May 2022
Cenkos: Chariot Ltd - Oversubscribed Placing and Subscription
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Cenkos: Chariot Ltd - Oversubscribed Placing and Subscription
Chariot Limited (CHAR:LON) | 8.7 0 0.6% | Mkt Cap: 93.0m
- Published:
20 May 2022 -
Author:
James McCormack -
Pages:
12
Chariot has conditionally raised gross proceeds of US$25.5m (before costs), providing the Company with sufficient funds to advance the Anchois Gas Development towards a Final Investment Decision (FID) and to progress its renewable power pipeline. The placing was significantly oversubscribed, highlighting the market's confidence in Chariot's business model and its management team. We maintain our price target at 51p, with the recent rise in the European gas price forward curve offsetting the dilu ....