Member Info for MrJinx

...point out, I'm of the view that in the success case, the sp will hit no more than 50-60p. Then drop to a steady 25-30p. In the case of a duster, then we'll fall below cash in the bank value so could see 4-6p. If they announce the plans for Namibia or Brazil is f'in amazing, the lull will be short-lived. Where it goes after that, well, your guess is as good as mine!!!

Which bit? Everything is guess work until it comes to fruition. However, price in the ground is based on values/sales given elsewhere and previously. Amount in the ground is on Chars website (approx 77m barrels net, maybe more, maybe less) Simple arithmetic after that. The key, if this drill is a success, is the follow on potential. Not just further drills in Rabat Deep but also the de-risking of Kenitra and Mohammadia. So just because a successful drill here may achieve an sp of 60/70/80p, that discounts the speculative 'hoorah' that may happen. So speculative buying could push this to £2 a share, or they'll be that many cashing in their chips, it'll crash back down to 20p. As is always the case with Chariot, even when success is nailed on, something will happen to @uck it up...Or Larry will screw us again. Never take anything to do with Chariot for granted, tread carefully and keep your wits.

Geez, do you ever do any research? Chariot aren't producers. If there's a discovery, they'll try and monetise their share asap. So in the ground value is between $3.50 and $5. Maybe more if the poo hits $80-90. So, at mid-point (ish) that's 80m x $4 = $320m (£260m at a guess of exchange rates) making per share value of 75p (ish).

Lol...not much!!! :)

...someone's new to Chariot. :D)))

It makes little difference. We're only 25% above cash in the bank. It's not as if we're over-inflated. Twat-faced Bottomley saw to that. If it is a duster and my feeling is, that it is, then so what? I've written this shambles of a drill off, financially. So, it's a bonus if we do strike. The one positive sign as I can see it so far, is that the Saipem and crew haven't so far yet, packed up and buggered off home.

It's the sunshine Growl, it brings 'em all out :)

Eh?

Well, you've been smoking something!!! This well is a 'billion mcap maker'? You're off your tiny little mind. That's £3 a share...for 77mboe??? Lol....:))))

...and you think that 'potential' is worth half again on top of a proven resource???

Hmm, $4 x 77m = $300m/£210m. Not sure where you get £400m cap from. Even at $5 a barrel it's only £280m. I think once this share hits 30, 40 and 50p, they'll be so much downward pressure from profit taking, we'll be lucky to hit 60p, let alone £1.05 ish.

I wouldn't put your house on us drilling Namibia in Autumn. If Bottomley said the sky was blue, I'd still wait for incontrovertible proof.

It does make you realise what game they're playing. As soon as sp goes blue, they're at it. However, no sooner have they started, they're off again into the ether. What's also striking are those who, that when 4.30-5pm on a Friday night arrives, you don't here from them again until midday Monday. 'employees' perhaps???

...like a graveyard!

...a rat in me kitchen, wha' am at gonna do? Bloody Larry!!!!!

Thankfully not Girdz. My first foray into good old Char was about a year after. At the time I thought 28p was as low as it was going to go...Lol :/

No-one knows anything yet. However, the days leading up to day 35 will be interesting. Samples of the drill will be being tested on a daily basis looking for evidence of hydrocarbons. Those in the know will know by then whether it's looking promising. We may well see a spike as we're drilling a proven hydrocarbon system. So those markers SHOULD be there. But, Chariot is as air tight as my arse after a Tesco Bhuna. Watch the trading after the 20th April...

Lol :)

...obviously has the jitters!

Has been dead since the dilution. The only thing worthwhile reason holding on here is 'just in case' they do strike. It wouldn't even surprise me if Namibia gets thrown into the long grass after this drill, successful or not. #donttrustlarry