We can whinge & moan about the company about this n that, moan every day about the SP, biyatch about each other and our views.
BUT the drill bit is now spinning, the seismic etc only gives best indications, drill bit always rules the results, and this is likely the most active year Chariot will ever have, both on shore and off shore, any success on shore is located extremely well for quick turnaround to get it producing to market.
Lets try focusing on the prize, that will hopefully transform the SP on success. Not long to finding out !!
Thing is, they are not actually lying when referring to the billions of barrels of oil under the Weald, it is there, unfortunately it is immobile oil, and will never be extracted.
Ahhhh cinder's, I knew you didn't have me on filter, because you never know when a little nugget of something useful might be posted, well the useful bit today is use such market play to make money when those behind it are doing so, unless you simply like to hug n hold to the death !! each to their own, and all that JAZZZZZZZZZZZZ
Well Mikeee, rule of reality is if a rise is deemed unfounded, then simplzzz take advantage of it and wait !! otherwise it just becomes one of the many rise & fallbacks that occur, far more to be made through these opportunities than to sit waiting for the ever further away grand finale price.
Yes it may well have shot up, but it is hardly short of liquidity with 4.4 Billion in issue, I certainly so not subscribe to there being any tight market condition on this now, maybe back before SLBY with a few hundred million in issue, but not now.
Far more likely it is being driven up to facilitate.
What I like about today's RNS is that they didn't try to fluff the market with too much info, no X of the rig being set up, no pre spud news. meaning like, the rig is moving to site and spud should be within the next week etc etc.
They put out today's news stating the rig has ALREADY spudded, and the geology is already well understood, along with land ops being far easier to keep the bit turning with minimal disruption.
I think they are happy to catch some of the market out asleep, long may that continue.
RE: Richard Herbert CEO Broadcast Interview1 May 2024 20:47
I recon Mr Forrest will be upgrading his wheels as he drives off into the sunset with a boot load of wonga, and leaving others in his dust, as their wheels are clearly falling off their MOTORS..
Though it seems that GL & his cohorts already rodgered some of you lot out of your hard earned !! Then again, you are probably the sort that keeps repeating "its only a loss if I sell" ""its ONLY a loss if I SELL""
Eeeeeee if ONLY you had listened to me when it was at 1.6p, you'd be laughing now, instead of venting your frustrations at others lol...