Member Info for whimax

DBC, re your explaination earlier regarding “mobile platforms” that sell orders to MMs for execution, is that the reason all these “A” Trades are either right at the bottom or right at the top of the spread every time? I assume instead of a trading fee the traders are “charged” by way of having to execute at the shown Bid or Offer (like a spread bet) rather than anything in between, at a better price?

Thanks.

Lol. Or you might have to pay significantly more.

Thanks DBC, I wasn’t aware of that. Will keep in mind.

BDC, you may be right, but for me, it’s the number of “A” trades that give it away.

They look like Algorithm trades to me. They come in batches, all executed at exactly the same time, (down to the second) look at the ones at 10:18:47 (3 of them), the 2 at 9:37:36, 2 at 9:30:28, 3 at 9:18:19 etc

I don’t have level 2 here so can’t go back further, but I bet there were dozens like this to facilitate the drop.

All I’m saying, is imo, this volume doesn’t warrant the drop we’re seeing.

The flurry of buying has slowed now, so will be interesting to see what happens next.

Let’s face it, if you had a substantial holding and wanted out, you’d have you broker work a sell order at a pre agreed price. That price wouldn’t be in the low 12s or 11s, and they wouldn’t disclose it till it was filled.

This is being “worked”, for whatever reason imo

….the selling stopped as soon as the SP started to bounce and buying started.

If you were desperate to get out, wouldn't you sell into volume on a rising share price at a higher price?

Asking for a friend!!

Might teach a few to be more careful what they wish for in future, Gooner 🤷🏻‍♂️

Well the MMs are certainly succeeding in generating the panic and hysteria they are setting out to create, lol.

😂🙈

Like I said yesterday, this is being walked down.

Fishing for stops imo.

That wasn’t really my point, Ianfer. By saying (for example) H2, are they definitely saying NOT Q3 (so def not in September??)! IF people want Chariot to “commit” to a deadline for Farm In, they are defo going hedge their bets and say Q1 2024 (people wouldn’t like that either, I’m sure!)

Chariot are negotiating with big boys now who use everything to their own advantage, including holding the Chariot BoD to ransom over time lines. The more woolly they are, the better.

As far as the Chariot BoD being “in on” squeezing PI’s? Nonsense imo.

But the last thing the BoD want to do, is make a rod for their own back, surely?

By giving a specific date to shareholders, they are, by default, giving a deadline date to potential partners to use against Chariot during negotiations.. It’s really not as simple as people are trying to make out here.

Lochnagary, do you think if Chariot BoD had said at AGM that “partnering would be sorted in H2 2023” that that would have had a more positive (or less negative) impact on the SP?

Has anyone tried a dummy buy of any decent size? I haven’t (as I don’t have sufficient funds) but just curious?

This is being deliberately walked down. For what reason, is anyone’s guess, but it is, imo.🤷🏻‍♂️

WWP,

Yes, 10% dilution (not 15%, as you probably know)

As far as “why they did it” goes, we can only surmise, however, Chariot were handed the Loukos (free gratis as far as we are aware) so the thinking (on here anyway) at the time was that in order to secure it, Chariot would have to prove they had funds for a near term drilling campaign to begin its development. As the Farm Out for Anchois wasn’t/isn’t signed, funds associated with that could not be guaranteed, hence the placing, imo.

Finally, I also very much doubt that the Chariot BoD would have taken on the Loukos license, and the work involved in its development, if they had thought for 1 second there would be a a Zero Net Gain against Anchois in doing so.

I don’t get the rational that individuals who own “a certain number of shares” must be “in the know” or are privy to price sensitive information, that we’re not.

That 400k shares (which isn’t a large amount really) could just as easily have been a punt by someone (anyone really) who’d built a position a day or 2 before the AGM hoping for a quick return, and it’s backfired.

Volume is pretty low and doesn’t look like anyone of any significance “dumping” imo.

Agree with you Ajilimon. Some been “put off” a little by lack of news prior to AGM. I think that, plus the unfortunate situation in Morocco with regards the earthquakes has led to a few maybe reducing their holdings in the area. The same has happened across at Predator Oil) in the last couple of days.

I’ve been here too long to get caught out now, as fundamentally nothing had changed re Chariots assets. Waiting game.

Hadn’t really thought about it Nick, if I’m honest. I would see anything under 10p as a screaming buy obviously. If we got down as low as the 7.5p placing price, I’d assume it would be off the back of some kind of fundamental change that we’d been advised about, so might have a decision to make there, but don’t see that happening.

I’m pretty relaxed tho. We have the gas, we have several parts of the jigsaw in place, we now have a couple of significant holders and are cashed up, so it’s just a waiting game now imo.

I appreciate that Nick, however, the way some people on here go on, you’d think Chariot did a placing in couple of weeks. The 18p placing was May 2022, and the one before that was a small one in December 2021 (to develop/drill Anchois) at 7.5p. It’s only 6 weeks since the last one, and that money is specifically earmarked for the new license, so we can forget about another one any time soon, imo!

The alternative to placings (and I understand nobody likes them) is to take on debt, which, at a time when interest rates are at their highest in 20 years, is not only expensive, but also fraught with danger. If you have debt, and something goes wrong, assets start to be repossessed, and it can end very messily for everyone concerned, especially private investors.

I wish folk would just take a step back and look at the bigger picture sometimes, instead of basing everything on the Share Price.