Member Info for harrycarter

Enog has left the building.

Less than three years ago, Chariot had a market cap of more than £200million. Malcy and others were confidentially predicting £500million and more. Today, Chariot has a market cap of £16million. And the architects of that value destruction (AP, Duncan Witless, Julian Williams and Peter Raillard) are still on seat and trouser in eye-watering sums in return for their expertise. Just saying.

I don’t post on ADVFN.

No I am not and never have been either Bantamboy or Finchy. On this board or any other. But as previously stated, I am an admirer of both. For being spot on. Harry Carter

Punters crystalizing losses before the end of the tax year.

I think you’ll find that Aldo left the building a long time ago. That is if he ever moved into the building in the first place.

I bought 5 grands worth at around 8p. They touched 20p. I held em. All the way down to a sell at around 7p. I bought the bs. So you’re spot on there. I thank Bantamboy and Finchy on the other board for getting me out in time.

Trades…it’s late February. The end of the tax year looms. The only purpose of Chariot for most punters on here is to crystallise a loss to offset gains elsewhere in a portfolio.

Loukos was always a make work scheme for Wallace, Raillard and the rest. Why do I say that? Look at the timing. They knew a farm down was coming and that meant losing operatorship. Wallace realised that his team would have to be down-sized. The operator would have a country office. Raillard saw his expat liefstyle coming to an end. Loukos offered a way out. It was an SDX cast-off and from the get go looked awful. But Wallace talked it up, generated a few of leads, talked about low cost wells, rapid monetization, a deal with Vitol. Two dusters later, the dream was over. And yet Wallace and Raillard are still on seat trousering large sums.

Not a problem. The dynamic duo are getting ready to re-launch Anchois. Enog didn't know what they were doing. The project can be right-sized. Lessons have been learned. The fundementals are still there. Blah blah blah. Another make work scheme to keep them in the lifestyle they have come to expect. Except nobody believes em any more. Not even Malcy and his pal at the Investors Chronicle. And I very much doubt that ONHYM and their bosses in the government have much faith in Wallace and Raillard either. 6 years of blah blah blah and nothing to show for it. Gas production at least five years away. But let's be honest...Morocco will never see a fart of gas with Chariot at the helm. Imagine yourself in the government. You've drunk the kool aid and belive you have a world class gas asset 40km offshore. The license is months away from having to be renewed. What would you do? Take back the license and look for serious player to award it to? And if you find one, you'd be glad to bid farewell to Wallace and Raillard. I think that might well happen.

Never fear...your directors have got a back-up plan. Namibia. But are the Namibians so stupid as to give a license to Chariot. Chariot could not afford the signing on fee. The likes of Shell and Total are struggling with Namibia in spite of some biggish finds. Could Wallace find the black stuff down there? Could JMW raise the money to fund a mega project? Could Raillard deliver the sales agreements? You better hope they dont get a license. Coz if they do, they will simply fritter away more shareholder money.

Bottom line...the gas pillar has crumbled and has no value at all. I believe AP is resigned to that. If he can get a few bob for the pillar, he'll take it. He is now laser focussed on the cuddly green pillars...just as the rest of the world is questioning the sanity of all that. More coming up on green hydrogen in Mauritania and solar panel rental in South Africa.

Finished even.

Thanks to Bibi, Biden and Trump, we are on the brink of war in the Middle East. Israel is out of control. And Egypt, Turkey and even Iran may have no choice but to declare war on Israel. Then Uncle Sam and the Brits wade in. OP goes to the moon. For a while anyway.

Here’s a view…AP would not know the difference between a gas field and Frank Field. But he does know when he’s losing money. He got rid of Bottomley and invested heavily in Duncan Witless and he’s lost big. He cannot possibly back Witless with more money. The question is will Witless jump before he’s pushed? Will AP shut down the gas business altogether? After all it’s a total embarrassment. Who knows. Who cares. It won’t make any difference to investors.

Lool…they’ve led you a merry dance in Morocco. Hey, why not rinse and repeat in Namibia. Peter Raillard will swap his villa in the diplomatic quarter of Rabat for similar in Windhoek. Duncan Witless and team will earn gold cards flying business class to and from Namibia. Malcy might even put Chariot on his bslist with talk of a hundred bagger in the making. Five years down the line you’ll be looking back on even more money frittered away. And dreaming of the next one.

The sp swings and the crazy spreads are simply MMs trying to drum up interest and having a bit of fun. Meanwhile your money is being spent on inflated salaries and a fancy office. About the Bucket List aka the BS List. I can remember when the sp was around 10p and Malcy was talking a 57p target (market cap = 570million). After a particularly good lunch washed down with a very decent claret, he mentioned a ten bagger (market cap = a billion). But now Chariot doesn’t even make the list (market cap= 17million). You’ve got to laugh (or cry if you bought the bs.

It’s a pay to play service. And Chariot can’t afford lunches.

Sp testing all time low.

With 25% spread…WTF…MMs having a laugh.

How low can it go?

Who knows coz management wont tell you what’s going on. They’re probably having a laugh too when they read the guesswork on here and elsewhere.

Note that even Malcy hasn’t posted on Chariot for ages. Coz management haven’t spoken to him either. Possibly coz they can’t afford the price of a fancy dinner.

Just saying.

…market makers.

Look at the spread.

Buy for 1.88 and sell for 1.5.

If you’re underwater in this dog, take your loss at the end of the tax year to offset capital gains in your portfolio.

Based on some of the stuff posted here…maybe there aren’t any gains.

Just saying.

What else is the point of Chariot?

I’ve said it before on here. To hoots of derision. The spa terms must have been changed to remove ENOG’s test obligation. As a minimum. How do I know that? Er coz they didn’t do the test they promised to do. And not a peep out of Chariot or cheerleaders like Malcy who must know the reason why. What is so bad is that Chariot has not told you (the owner’ of the company) anything. It’s still all guesswork or deduction. The field was discovered 15 years ago. Chariot has needed a test on the field for years. They got a promised test in the spa. Paid for. Worth 20 million or so. They didn’t get the test. And they say nothing. My theory is that ENOG unearthed some embarrassing stuff in the pre-sale data pack provided by Chariot and that gave them a get out of jail card. Whatever the reason, It must have be been really significant to let them change the terms. Smell a rat?

No sht Sherlock. Didn’t they do all of that after A2. When the Russia UKraine fiasco ends and if Trump gets going on drilling, European gas prices will likely fall. And don’t we need that. Enog has left the building.

Shareholders are paying these guys over half a million a year EACH to live it large and think up schemes to keep the scam going. Hard to believe I know but it’s true.