Member Info for MrJinx

I didn't hear it Growl, was elbow deep in someone's drain :(
However, I've known for quite sometime the O.H' levels, despite protestations by the 'other' posters on here. It winds me up, a non producing, non successful explorer burning $5m a year...ON WHAT????

Just to be fair though, if a farm out is forthcoming, this will go BOOM!!!! A proper roll of the dice this one.

....Larry also won't allow Chariots cash position to dwindle. If no farm out is forthcoming, he will raise and it will be a disaster. Chariot raises multiple millions at a time. At $4-5m cash burn per year, it has to. It's enough to give me the shudders!

Okay BigBite, that's explained the cost/deficit. However, that in itself runs contrary to the Year end RNS which gave the cash position and a statement of no other funding commitments, bar that $1m.

2018 Final results published 10th April 2019;
Operational Flexibility achieved through Capital Discipline:

· Debt free with a cash balance of US$19.8 million as at 31 December 2018

· Fully funded for current work commitments - less than US$1.0 million

· Annual cash overhead remains below US$5.0 million

Do your own calculations!

Seems the market agrees with me.....LOL.

Instead of just copying and pasting, read and absorb. Cash being spent quicker than anticipated, no farm-outs on ANY of our prospects, insistence on using 'expert in-house' analysis (no independent third party verification) and Larry still in charge. :(

Mid point in Q1, I calculated that they'd have $13m left at year end, for which I was told I was being too pessimistic and basically talking out of my A-hole. It seems we only have $12m left at end of H1...to year end that will have depleted to single figures. Wtf?!?!?!?

There is that Strudel. I only just made it to break even yesterday but then it dropped back late in the day. It held today so I can't grumble too much about the rotten dilutions anymore. Needless to say, had the last raise not happened (money they still haven't needed to use btw..) then I would be looking at a 20k profit now. Instead I'm counting myself fortunate that I'm now at evens. Hopefully the new management team are now on the money and the sp is on rocket boosters to the sky...well, £2 at least ;)

...as chips. Botswana Diamonds; Revenue 0, Profit 0, 2018 Debt £600k, mkt cap £5m. :D

...bailing? My money's on Rift.

...own up

Lol...I see it now >slaps face< :D Only Melon round here is me, apparently :D)))

What coverage, Rolls Royce? Melon!

He is a first class melt. Couldn't believe they kept him on in the first place. Disastrous CEO and as pointed out before, yes he started Blue Rock but he also nearly drove it off a cliff, along with everyone's investment.

Lol... :)

Indifferent. They could have 'potential' resources in their back garden, if they don't secure a partner it ain't being discovered. Just like Brazil.

Those that bought immediately post Lixus RNS are still sitting on 30-50% profit so there won't be mass selling from them. Every other sucker is locked in from years of being sold a pup, so we won't be selling. I can envisage a durational so drift until next news but a mass sell off until then? Nope, can't see it.

It's them there pesky Europeans and their love of stinky cheese that's to blame Growl! Thought you knew that????

Sorry to read that pal. It's happened to me a couple of times but I learned my lesson quite quickly and painfully. Basically, your stop loss was activated but you had to wait your turn in a metaphorical queue, behind hundreds of other sellers. By the time your sale went through, the sell price was 4p. Brokers won't shoulder your losses if they can't find buyers.