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Good luck to people trying to day trade Chariot massive spread most days pretty much all day, got knocked back in auction in the end but not a true reflection on the days trading, I predict a modest bounce back into the 7s at open
Gooner i agree i enjoy reading SHC posts and they certainly have an indepth knowledge, i still believe we will partner Anchois ,but even if they dont this is not a wildcat drill unlike our previous efforts, this drill is to confirm the discovery , the results will enable the funding on a tcf pro rata basis, having the funds to drill on our own if needed will strengthen our position in any negotiations, and i am of the opinion they are still on going
I dont think being positive on a stock you hold is ramping, stating how many you have bought/sold is not boasing, i want char to do well because i am a holder and most of my posts will reflect a positive spin, i never understand why people post stuff on boards and forums on shares they dont hold
Im suprised we are holding up considering the huge amount of sells going through, and a handful of silly low number purchases, i guess as we reach 5.5p and upwards investors selling to raise funds for offer, not wanting to add fresh money, makes sense, i make it 1.1m buys to 3.5m sells, but price not dropped ,also 28% AT trades, strange trading patterns so far today
Having the money in the bank to drill Q4 could bring a partner back to the table, maybe we could still find a partner to get a free carry there’s plenty of time left, i just wish they would tell us why we don’t have a partner, it would easier to swallow the dilution if they said the portion of Anchois the farmee wanted was to great, or the drilling program on offer wasn’t in chriots projected time scale, But no explanation was offered, ive been here for years and have a much much higher average sp than today’s, every time i add to average down, the sp drops so idefinitely will not be buying at 5.5 !
My theory is the farm in deal that the BOD have been working hard on and expected to land for some reason went belly up, they needed Anchois drilling this year, if it wasn’t then they would lose alot of industry and holder creditably, by using an ABB they got the funds quickly in order to get the drill done this year, it may prove to be a smart move only the drill will tell, it also explains why we didn’t raise cash earlier at 10P+ We didn’t need to as we were expecting a free carry drill
I agree we have one drill and thats it , if the gas is stll there and we discover more success by drilling further and deeer then we have a biiggerr slice of the spoils, and our ceo and our geo”s are geniuses and become legendry overnight and we all make money, if it goes belly up because the gas has migrated or is deemed non commercial then apart from some solar panels we are dead in the water, we will be forced to have to continualy raise and dilute, im sure i can remember a cash raise before the LB fiasco, when i first bought there were 180m shares i think!!, its a massive gamble im holding because im prepared to take the risk ,however i wont be adding at any price!
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You need to factor in the larger bank balance, that has to add some value, i dont think i will take any of my offer though, im not throwing another £8k+ at this , intrested to see how many do take up their allocation,