Member Info for preciousmaj

Not a bigger fool than you, you have proven to sell low and buy high after being influenced by random posters on a public bulletin board shy boy Pete

It was actually $26m. “Cairn will receive a 35% stake in the C19 block offshore Mauritania and is paying Chariot US$26mln for seismic exploration work as well as some other back costs.”

*$24m

By the way Mauritania was zero cost to the company, we received $24 from the farm out to Cairn Energy.

There was no interest in Mauritania at the time due to the decline in the oil price and the partnering process in Namibia was initiated for prospect b, new seismics have since been shot and interpreted that have identified a prospect with a 29% chance of success. The chance of success in the RD1 well was only 24% that was farmed out and the prospect that Tullow is about to drill in Namibia is only around 15% I believe.

Poll, if you have no faith in the management then move on and invest elsewhere. I think they will farm out hence the reason for holding on. Larry confirmed on the last conference call that they are in negotiations to farm out prospect s.

I urge you to come to the AGM to hear my stutters, i’d rather stutter than pretend to be a squeaky mouse

Some are clearly seeing that this could be running away from them and are scaremongering to push the share price down so that they can buy back in.

We could potentially have farm outs in Namibia and Brazil in the near term, which should bring in quite a lot of cash eliminating the need for a raise. Larry has also confirmed that there is no plan to raise prior to the Namibian drill. http://www.youtube.com/watch?v=clJKVhsq0mA “the focus for us this year is to deliver on the operations that we have and then to partner partner partner” The data rooms are open in Namibia: Larry said that “We are in current negotiations in regards to a farm out of the Namibian block.” Also in regards to Brazil “we have initiated a partnering process on Brazil”. We do not have any further commitments and our current cash balance is in the region of $30m, the overheads are around $5m per year. Simon Thompson recently commented: “Attention is now focused on Prospect-S in Namibia (prospective resources of 459m barrels) which is due to spud in the fourth quarter this year. Chariot has a 65 per cent working interest and is seeking a farm-in partner for its Central Blocks in Namibia to lay-off some of its net cost exposure on Prospect-S which broker Peel Hunt estimates at $15.6m. It’s an exploration hotspot with oil giants TOTAL and ExxonMobil entering the region in recent months. On a risked basis, finnCap values Prospect-S at 23p a share, or almost three times Chariot’s share price. Not surprisingly Chariot’s share price slumped on the Moroccan drilling news to below the 13p price at which the company raised $21.1m in a placing and open offer a couple of months ago, primarily to fund drilling of a well at Prospect S in Namibia. However, with cash of $32m (£23.6m) in the bank equating to 6.5p a share, and a farm-in deal in the Central Blocks possible, then the chances of drilling success in Namibia is being very modestly valued by investors in Chariot’s current valuation”.

It’s amazing that you guys, including the one who has confirmed to have sold his remaining 50k holding keep wasting your time here when you feel so negatively of the company’s prospects and its management. Your opinions are baseless, if history is anything to go by then the newbies should steer clear of the opinions of these clowns who were as negative when the SP was in the 4s and rose to 20s. These moaners have had ample opportunity to speak to Larry through conference calls but choose to talk crap on bulletin boards instead. These are the same clowns who were predicting a SP in the 4s and 5s if the RD1 well was a duster, it never materialised.

Lol do you not have better things to be doing instead of wasting your time here posting rubbish that no one is interested in? Get a life buddy, go out and enjoy yourself. No ramping from me, I was not the one that has been influencing you. No substance from your crew just personal insults.

Lol I’ll post wherever I like thanks, don’t need your approval. I would prefer to see some informative posts on both bulletin boards though instead of your poor attempts at deramping. You’re like a bad smell, I hope you would go away seeing that you have sold your last 50k shares, below this price may I add. You lost the last time it was in the 8s as well from memory as you were influenced that the SP will go lower. Instead you bought back at a higher SP yet you still seem to miss the signs.

You have conveniently forgotten the rise from the 4s to the 20s, maybe it doesn’t suit your agenda. Try to get your entry and exit points instead of being influenced by others Goonerpete, some things never change aye. I thought you sold out your remaining 50k holding, why waste your time on here now? Move on bud.

http://icmregistry.com/domains/premium/ The premium domains range from $1,860 to $475,000. These include some morally acceptable ones like safe.sex that the likes of Simon Thompson would have been happy with.

bakky, this one may be of interest to you: bj.xxx. It's only $75k LOL

I'm sure these city guys will be mopping up after the private investors, easy money to be made.

From a PR perspective, I don't think releasing the final results and acquisition on the same day was a good move. There was no need to announce both on the same day. The acquisition is material information that needs to be released to the market urgently but the final results should have been released a couple of weeks earlier. This would have given the company more exposure. The company has just made MAIDEN profits but this news have been overshadowed by the acquisition that hasn't been sold to the market. Toby Hall should have milked the final results, the likes of Simon Thompson would have looked at these positively. Then after release the news of the acquisition and sell that to the market. There should have been a clear strategy, instead we are told in January that the strategic review will be coming to an end at the same time as the final results for some bizarre reason.

TH has had a long time to prepare for the aftermath of the acquisition, maybe he wasn't expecting such a negative response from the market but he needs to get out and sell the story. Simon Thompson was the reason many shareholders (including me) invested in MMX, without his analysis many will likely sell. The void that will be left from ST needs to be filled urgently. Also quarterly updates from the company will also be welcome, I have browsed through the previous updates and there are no regular updates apart from the mandatory ones. The private investor base is small but integral IMO.

Why would the likes of Stuart Lawley who will now be the largest shareholders in MMX with a 15% holding, bother to lock in their cash for a minimum 12 month period if they didn't seen any future value in the company? Stuart and his colleagues could have walked away after selling ICM Registry but they are clearly seeing the bigger picture. In 12 months time we could have bagged a $10m+ profit in 2018 and be paying dividends IMO.

Simon Thompson on the acquisition of ICM: ''Financially, it looks a sound deal and one that�s expected to be earnings accretive in the current year.'' However he has closed his position on MORAL GROUNDS: ''The issue I have is the nature of ICM�s four TLDs (.xxx, .sex. .adult and .porn) which doesn�t sit well with my moral compass, nor perhaps with that of other investors who sold out on the news. So, even though there is value on offer as I noted when I last advised buying the shares at 9p, I am exiting the holding at the current bid price of 7.5p.'' ST clearly sees value here because he reiterated his last buy recommendation at 9p, he is just not comfortable in the fours TLDs that have been acquired through ICM Registry. On that basis, I will continue to hold and add on weakness like today as the new TLDs do not bother me. The 225m new shares will be in stages to the vendors and importantly are subject to 12-month lock-ins. These shares cannot be dumped on the market after the deal is complete.