Member Info for MrJinx

Well, I bought back in at a trifle over 8p...if this does get back to 4's or even 5's, I'll cash out with not much of a grumble. I'll be 10k poorer but considering if they'd found oil I'd be sitting on a 1/4 million, (minimum)...then it was worth the punt. I just have this irrational, perhaps rational feeling that the board of directors have not been fully open and honest and I've had my pants pulled down, good and proper.

...and must go!!! HOWEVER, even I can see the value here. A few 'ifs' but a farm out in Brazil, a drill date by Shell in Mauritania...even Larry getting sacked and we'll see an uplift in share price. It does need a shake up in the boardroom though. How those idiots thought it was a good idea to drill Prospect S on their own, defies belief!

Lol...you class that as abuse? Haha, my poor little snowflake.. :oD))))

I think also you're guilty of mood projection. There's nothing angsty about my previous posts. If it makes you feel better to believe otherwise, then go right ahead.

What abuse? Quote me..!

Eh...,bigger picture? So there's a bigger picture than two failed drills and company mismanagement. Regarding cash left, I hope you're right and it is $17m. For the record, you gave a somewhat ambiguous range of $10-$15m. That was not conditional on a quick drill, as you well know. I even asked if you knew whether there was a minimum payment due or if it was purely a day rate. I don't remember getting a reply. So, for you to try and change the context of your previous posts is AGAIN, infantile. So, the 'bigger picture'...how well do you think Chariot is being managed? If you believe it's being well managed, it's running contrary to fact and also now, majority of private share holders opinions (see iii for reference)

They won't be funding f'all from now on BigRob....crappy farm out deals or nothing at all. The $11m they have left will be to keep the lights on. It'd be interesting to know how much money Chariot has let slip through their fingers since Larry took over. What a really shoddy business model!

Indeed!

Belisce6, that's twice you've stated Char has a 10% 'back in option' in south Namibia. Have I missed something or are you confusing Mauritania C-19...

That doesn't make sense. The 10% option with Shell is cost free. All Chariot have to do is exercise that right in exchange for the legacy info on the region.

Lol..all those that bought in at < 3.5p will now be saying LB is a money markets whizz kid who can do no wrong. :D

...for those that bought in at 20p plus. They've lost 85% of their cash. Larry is a first class tw@

Lol...Larry is the chief geologist. He may be CEO but you're not telling me he doesn't have the final go-ahead?

But that also assumes Larry has done his job correctly...which I doubt!

A drill lasting 11 days, assuming there isn't a minimum cost clause, will be $6m. That leaves Chariot $20m, even accounting for company draw down for running costs. A farm out in Brazil and the 10% free carry in Mauritania could see Chariot back up to 8p. Another gamble but at 3p, it's maybe worth holding and see out the frenzied sell off.

Larry needs to go. Shocking as a CEO and even more cretinous as a geologist. Absolute numpty!

Do we know whether Chariot have a money saving clause in the drill ship procurement contract? I'm sure there must be a minimum or threshold payment or else the drillship company runs a very risky business.

Do you understand 'geological chance of success', Thunder? I'm guessing not with your reference to mathematics. Read around the 'parameter of expectation curve' for an insight.

Whimax...I suggest you do your calculations again...and don't forget company draw down on the remaining balance. If after that you still believe Chariot will still have anywhere near 15m, I'm sure I can point you towards a local special school.

I had a stalker once too, Goon'. ;)