Member Info for MrJinx

I didn't miss the boat. Still don't feel 8p is decent value but for some reason, despite the HUGE sell-off, it didn't drop further. It may do now that some punters have bought at 10p+

Hmm. More willing investors hooked. At least it shows that there may be life in this old dog, yet. I think if it hits 8p I may get back in. Can't see it hitting 6.9p now, which for me is a shame. Funny though that 600k sells equates to 4% drop. However, two weeks ago when there were 1m sells to 50k buys, there was a rise. :) Aim at its very best. :'D)

...Chariot haven't made a deal with Shell. As part of the relinquishment process, Chariot made a deal with the Mauritania government, that in return for 'opt-in' rights, any future operator can have access to the full C-19 data set. It's got nothing to do with making a deal with Shell. Sometimes, half your fibs ain't true!

...selling day!

That's the thing Pawn, if I 'miss out' here, there are other less risky, more potentially profitable shares out there. Chariot bugs me the most because of the HUGE potential it once had. Now it's a shit or bust on one drill. It's just a bit to TRP'ish for a full tilt gamble. Growl, I doubt it'll drop to 6 but I think there's every chance of 6.8-7.2.

I make no secret of the fact that I will only buy back in here when it hits the sixes. It may not and if it rises to 11 or 12p, then you've made a bit of cash. Well done! I don't begrudge anyone making money. But at 8p, the risk of Larry giving us all another ****ting is far too real. Buying in the sixes offers that little bit more security.

Weapon, do you not see that whichever route Chariot chooses to follow, value degradation is unavoidable? Gooner, me neither. I think there will be A rise but seeing as Chariot is at £30m mkt cap already, I think holders will be fortunate to get a double your money chance. Through that rise, Larry could call a fund raise at any point. And as the Sky is blue and shit stinks, the next fund raise will be at a lower level than the last. So when do you cash out, after 10 or maybe 11p...? Doesn't seem worth the risk.

Not entirely! I still think the current sp is too high for the risk. Larry is such an random element in all this that he could roger pi's at any point. At this moment in time, Chariot only has approximately $8-10m uncommitted funds. I just can't imagine a scenario where another fund raise isn't going to be required, or a lot of equity is given away in exchange for funding. Certainly not worth a £30m company.

...and cost to Chariot of the drill, if the assumption of total is $25m, will be nearer $19m.

Lol...over a million dollars per quarter. D'oh!!! :D)

It's funny how 'cash in the bank' increases slightly every time you state it Weapon, with no account of current cash burn, which is running at nearly 3/4 million per quarter.

Of course they are...lol :D

One could say, unfathomably so. Millions upon millions sold with a fraction listed as sells. This should be tanking. For some reason, it isn't...and before anyone piped up, it's not because Chariot is unique opportunity and that the MM's are hoarding shares blah blah blah. I think there has been a huge committed seller at above 8p, which the dealers are still working through. Once that commitment is cleared, unless Larry magics something reasonably decent, then we'll start seeing share price depreciation.

I cried...! :'(

How on earth are Chariot in a 'better position' now? They were free carried by a super major. Now for Prospect S, it's sheite or bust. We may get external investment but given Larrys negotiation skills, I dread to think what he's going to give away. As it stands, Chariot have roughly $30m, of which a possible $20m is getting sucked in by Prospect S. Given Chariots cash burn rate of say $4m per annum, by the turn of the year, a duster will leave roughly $6m. That's only 18 months cash. Yeah, definitely a better position!

...8p support has disappeared. The sp has defied all logic over the last 4 weeks. So, we might now see sp movement that's reflective of the days trading.

Is it the over whelming stench of defeat after Southgates team selection?

...sort of oil investor would invest here? Chariot are trying to sell a stake in an area that all the top explorers have avoided. Now one would assume that the 'expertise' of the barrel of investors Chariot are now appealing to, is not as great as that of the Majors and Super Majors. So, one could also assume on that alone, would make investors run for the hills. That is unless of course, Chariot makes the 'gamble' worth while. I believe there are four possible scenarios available; 1) Straight cash deal for a share of Namibia S. Should this be the case, then I can imagine an investment of £8-10m for roughly half of Chariots remaining stake leaving Chariot with 30-35%. This would be a huge gamble for any investor, as if Namibia is a duster, they lose all their money. 2) A leveraged position where the cash investment value stays roughly the same, with possibly less of a stake. However, upon failure, the cash becomes converted to equity at a stated value. 3) An equity raise. (Booo!) and lastly 4) Chariot goes it alone. Be honest now, do any of those scenarios appeal to anyone? Before the Post Monitor sparks up, this isn't being negative. Just throwing some thoughts about. Think he's got me on ignore anyhow ;D

The brain doctor is on his way Growler. :)

Not before 7p :(