Member Info for ChartaRex

They spent £1.27m in 2023.

They had £1.23m in cash as at 1st Jan 24 (after raising £1.8m in 2023).

He will fundraise by year end.

I'm not crying either. I'm just pointing out the blindingly obvious to the unenlightened.

Oh yeah, forgot about you.

You come across as a very angry & frustrated person. With all the money you've made here, I'd have thought you'd be over the moon at the progress to date.

Methinks you're down very heavily here & can't bring yourself to admit this is a ponzi.

Go on, tell us how much you've lost - so far..

Welcome to the enlightened team Hopefullygold.

There's a few waifs & strays on the board that have still to see the light. No1plasterer is the torchbearer, now that CaptHaddockHead seems to have disappeared. Though I'm beginning to think that it might actually be No1Poulden.....

You're right No1plasterer, this is a long play - and it's the shareholders that are getting played!

I've just had a quick scan through the most convoluted, complicated, smoke and mirrors, set of accounts I've ever seen for a sub £3m company - ever!

Guess what?

Yep, they have just enough money till December.

Poulden and all the other Directors are still collecting "consultancy fees" - on top of their salary.

No1p,

"Pretty good results"

Are you having a farkin laugh? There was nothing, I repeat NOTHING of substance in there, just a bunch of waffle about last year and some Mayor nonsense of zero relevance!

It's a classic "holding pattern" RNS. Complete waste of paper.

WSBN hasn't moved an inch towards anything, except the next fundraise!

What are you looking for, a running commentary? Want to know what he's had for breakfast?

Give the guy a break, he's got bigger issues going on. I'm pretty sure SD is getting his ducks in a row, talking to our financial partners & working out the finer details/options available re the purchase of Havieron.

The sp will fluctuate around 7p until we get news. If it drops lower, then use it as an opportunity to get more golden tickets at a giveaway price. You won't regret it.

Link:

https://www.ecooilandgas.com/wp-content/uploads/2019/11/20-11-19_ECO_10_20191120_technicals_on_heavy_oil_Hannam.pdf

Taken from a Hannam & Partners Equity Research note dated 20 Nov 2019:

"Hammerhead is a major discovery made by Exxon/Hess on the Stabroek Block,

which extends onto the Orinduik Block. Eco believes ~10% of Hammerhead could lie

on its block"

Oh darling, lets not argue :)

Yep. Another 12 years should about cover it.

Still, you keep dreaming it may come good, 1 day, maybe.........

Says it all really....

25-Jun-24 08:15:02 0.929 26,910 Sell* 0.90 1.00 249.99 O

25-Jun-24 08:06:13 0.90 680 Sell* 0.90 1.00 6.12 O

25-Jun-24 08:06:13 0.90 7 Sell* 0.90 1.00 0.06 O

25-Jun-24 08:06:13 0.90 250 Sell* 0.90 1.00 2.25 O

25-Jun-24 08:06:13 0.90 1,300 Sell* 0.90 1.00 11.70 O

25-Jun-24 08:00:22 0.929 2,157 Sell* 0.90 1.00 20.04 O

There's some chunky buys going through this morning. Maybe an update on the way?

Can't read it - it's behind a paywall.

Any chance you could cut and paste it?

Thanks :)

No Josh,

But I'll use $790 to take account of inflation since 2021. Not perfect, but it'll hopefully give me a ballpark figure to work with.

Thanks for asking.

Does anyone know the current AISC?

The last figure I recall was around $643, but that was a couple of years ago.

I'm just trying to calculate fair value now.

Thanks

Yep. It's an "all or nothing" punt now.

I think the only way out of this is to hopefully wait for a spike & then sell into it.

Poulden isn't interested in actually doing anything meaningful here. Just kicking the can along the road. Shame really, someone with drive & determination could have done something with this :(

Dat,

It'll be even longer if we drill in 2925. Lol!

Expect news within the next 8 weeks or so.

Because he'll need to fundraise again - before the money runs out in December.

Who's crying?

As for growing a pair, I have - it's you that's in complete denial. At least I have the courage to state the obvious here - it's a lifestyle company for Mr & Mrs Poulden. Read the RNS's!!!!!!!

What have you contributed to the conversation exactly? Apart from money to the Poulden's ongoing lifestyle?

Add more money to this ponzi? You've got to be joking, please tell me you are!! It ain't worth selling up & it ain't worth "investing" more. If a spike comes I'll take it, if not then I'll watch my remaining money just fade away.

At least I have the courage of my conviction to say what I see. You just tell people to "grow up" and "stop crying like a baby". Hardly critical thinking or detailed research now, is it?

Your name says it all. Wsbn may come good - 1 day, maybe................

But I doubt it.