Member Info for MrJinx

JCDefo, don’t take cash in hand as being accurate. At the time $9.6m was noted, Chariots cash burn was $4.5m a year. They introduced cost reductions to in April/May to reduce that to $2.5m but that reduction will not have been immediate. So, a fag packet calculation would be a circa $2.25 burn to end of H1. If, and it’s a big if, we attribute full cost reductions for the whole of H2 ($1.25m), another year committed to 2021 operating costs ($2.5m) and we’re left with approx $3.5m free cash.
What sort of ‘opportunity’ does Adonis think he’ll get for that?

I think Adonis and the rest of the board need to shoulder their fair share of the failures over the last 8 years. To think raising at such ridiculous times and at such destructive levels wasn’t just Larry’s decision. It could just be they think getting rid of the glorified spokesman admonishes them of any responsibility but it doesn’t.
I’m relieved Larry has finally gone but let’s all agree, the decision to get rid should’ve happened at least 36 months ago.
The board have bought themselves time but how long depends on positive near term interest generation. For me, that means by end of Q3, end of year by the latest. We’ll see...

Nuff said.

I didn’t mention it Goon as it feels like a bad dream. If Arsenal win the FA Cup and Spuds take sixth, that means no Europa League for our All Stars, in seventh. At the moment the wheels just seem to be falling off. See what it all looks like after we play Palace tomorrow evening. Credit to Arteta for turning round your questionable defence. Didn’t see that coming...

You’re not the only one Goon. I suspect I’m just a glutton for punishment. I’m in ODX and EML and expected a surge in share price from them before now which has hampered my investment (gamble...) choices. Both are looking good going forward but I’ve too much tied up to flippantly plop some here. We’ll see over the next month or two but if either goes boom, I’ll dip my toe in here again...wtf am I saying????? Aarghhhh!!!! :0D

Why borrow when you can rinse?

It was coming. Anyone who didn’t was simply burying their heads in the sand. 35p though? That’s an absolute disgrace. I’m not one for believing posters or their often misleading posts. However Connie, if you’re genuine, I feel for you buddy! :(

...and that my friends, is why the share price hasn’t been rising. For all HL’s protestations about the low s.p, If the company only values itself at 4.25p per share, what sort of confidence does that give to the market? Poor decision making at board level.

Someone paid nearly £17k yesterday Goon. Either they’re stark raving lunatics or something is afoot. Me personally, I’m erring on the side of them being lunatics...!

Whimax to argue with all these dissenters or is it just me he’s attracted to? ;o)

I’ve no idea what you’re on about, Goon. I’ve been hibernating in a yurt on an organic island retreat with no electricity or media of any sort. Not even postal pigeons...! :’0(

Ooh, topical Gooner, topical! ;0)

Nice idea but the FCA are a bunch of toothless clowns. Probably even more incompetent than Larry and his chums. Still, it can’t harm, can it?

@Bloodshot; That could always happen mate, with any share. It recently happened to me at Bluerock Diamonds. Now that was a shafting. I still have the possibility of wiping my nose on that one if there's a 500% raise in sp. Another fund raise there will probably do me in on that one. Anyway, on your first point, the possibility of a shady take-over, on the face of it here, seems unlikely. (But that can never be ruled out!) Secondly, the share price isn't being depressed artificially. The volumes of trade just aren't there to justify any particular large movements up or down. The rise from 2.5p to 6p was fuelled by over 400-600 trades a day. Trades dried up at over 6p and profits are being taken/protected or the over cautious are selling and nursing actual losses. This will rise and probably on no news. Weird as that sounds. They'll be hundreds, if not thousands waiting for the flares to go up and they'll be on this like piranha on a carcass.

What’s concerning is I actually think Larry believes he’s doing a stand-up job. Just take a minute and ponder, where would we be right now if the Moroccan govt hadn’t been so ‘kind’ and let us have Lixus for £1m...!

And here comes Whimax making up stories. Snide remarks?

How can PM agree with the other two ‘new’ posters, then go on to write two paragraphs agreeing with every word I said. This board gets weirder and weirder!
I remember the conference call in 2018. PM didn’t get stick off us for asking the questions. PM got stick for being a Larry apologist and promoting everything Chariot was doing was perfect. It wasn’t and over time, PM has slowly come around to Larry’s smoke and mirrors.
What I just don’t understand is why, when we’ve only ever been truthful, we’re the bad guys. Yet posters who ignore the past and guess at the future are lauded like long lost friends. Mental :D)

*not - have novotel. **invite...bloody phone!

I guess you’re not used to Larry blocking every awkward question with, “we can’t divulge market sensitive information”. He’s a first class gaslighter! But hey, you knock yourself out and try and right the wrongs of the last 10 years with a couple of questions. Maybe, Larry might have Novotel you on to the Board with your summer fresh ideas. What by that be nice! :D

That’s the way it goes, I’m afraid. I would imagine that at some point, this will reach a billion shares. So using the company’s own expectation of in production share price, that would equate to £1.92 per share. Then, we give away 50% equity; 96p and reduce by half again because predictions and brokers notes are a load of old jim jam, and et voila = 50p...ish. :)
So, if we reach my target earlier, I’m offski.
*purely fag packet calcs*