Member Info for ChartaRex

Https://www.afr.com/chanticleer/headaches-are-part-of-mining-m-and-a-just-ask-newmont-20240528-p5jhd6

Your wish is my command:)

Hey donmac,

Did you take some of your Afentra profits and put it in here?

I took a little out and put it on MILA - a right punt with potential, but at no cost to me :)

Methinks leaky leaky!

This should easily hit 40p if they announce a drill this summer.

And it's showing as a sell. Even happier, as that means I got them at below the median bid/offer price :)

Sorted. Looks like a tech glitch with the data provider. Anyway, they've managed to put my buy order through this morning so I'm delighted with it (and the AJB helpdesk). Just waiting for drill results now :)

Happy days!

Oops, slight correction to my explanation:

The warrants would be exercised at £400,000, not £200K as stated (twice the amount of shares at twice the price does not make £200k, lol!).

You're welcome :)

No1plasterer,

As no-one has bothered to answer you, I shall enlighten you with my wisdom :)

A capital raise is where Poulden sells more shares to a gullible investor(s) at a pre-determined price, usually below current market value.

Warrants are usually attached as part of the deal, to sweeten it, with a forward expiry date, whereby the said investor(s) can invest further monies, at a pre-determined price, at a future date. If the investor(s) do not take up the warrants (ie. buy more shares before the warrants expire), then they are cancelled.

Example:

Poulden wants to raise £100,000. He issues 10 million new shares at 1p each, a discount of 25% to the current sp, which is an incentive for the investor to part with their money. At the same time, he offers a further 20 million shares to that same investor(s) at a pre-determined price of 2p a share, with an expiry date of 30 Sep 2025 for example.

If the sp on 30 Sep 2025 is above 2p or in financial jargon "in the money", the investor(s) may buy the shares for £200,000, which will make them an instant profit, and then either keep them or sell them as required. If the sp is below 2p, then the investor(s) will let them lapse as they're "not in the money", and the warrants are cancelled.

Hope that helps.

Looks like he's off the site. I just tried to look at his posting history & it's all gone - everything.

Hopefully he's been banned now.

No.

We post our thoughts on fair valuation based on: information known and calculations based on barrels of oil, exchange rates, profit per barrel etc. Clear for all to see and either agree or disagree with.

You just post meaningless one-liners about being "overbought" or "oil price is falling" without ANY structured arguments.

You are a blatant shorter.

Fair?

reported again *******by

Anyone else got a problem dealing in MILA shares?

I'm with AJ Bell and can't deal with in MILA right now.

Inventory of 840,000 barrels = $42million @ $50 per barrel.

Next month will be the second time we've lifted 450,000 barrels this year. Realistically, we can expect 2 more lifts between July and December.

I expect 70p+ in quick time.

This is a cash machine.

*reinforces :)

So what's he done here then?

He's destroyed 99.54% of your money since 2012.

At best, this is for the day traders until it goes bust now.

There, fixed it for you Bellamy.

Just awaiting final signature & we're off to the races.

More deals in the works as we speak (KON15 & KON19).

All: do not hit "reply" to him, it just reinfoces his negativity.

More like 1st April................

Final results were exactly a year ago, so I'm thinking Mr McDade's possibly waiting for the Azule sign off so he can put it all out in one go.

Let's hope so :)

I read somewhere in one of our updates that we were producing for 87% of the year, ie. downtime of 47.5 days per year. That need to be reflected in your figures.

Also there's a PIT (Petroleum Income Tax) of 7% that needs to be deducted from your figures.

I concur Rift, no debt - just a fantastic cash generating machine for shareholders right through to 2040 and beyond :)

Rex