Member Info for whimax

Every share drops without news, and will keep dropping without news, but that doesn’t mean the only thing that stop it dropping and reverse the trend is news of a deal imo.

I’m not surprised this hasn’t shot up this morning, because it’s going to take more than one bit of positive news for people to start believing we have a turned a corner. We also have 3 potential sellers who may become less and less likely to continue selling as the story starts to unfold, but again, they may not necessarily need a deal to stop them selling, just the hint that things are progressing.

Not sure I agree with those suggesting that a deal with £’s in is the only thing that will move the SP! I agree that is what will move the SP to many multiples of where we are now, but many/most, small/medium sized “pharma” stocks don’t make a profit, but have large MCaps based purely on their pipeline and potential.
This new today imo is the first step towards the BoD setting out the pathway and I fully expect this to begin to be priced in in the coming days and weeks, even without a deal in the short term.

Beat me to it Hale.

Great news this morning, and some seem disappointed that we’re not up 50%. Point is (as HalesSpur has alluded to) aside from LTHs, retail investors have absolutely no idea what this RNS is even about, let alone what it means. If I wasn’t invested here I probably wouldn’t even have opened the RNS this morning.

It will take a bit of time for people to begin to realise the potential here, but today is a great start for those who are already invested and understand what the company is about. Yes, it’s been frustrating, but at some point, someone with deep pockets will notice and start to build a position here and we’ll go up 20% one day, 10% the next and 25% the day after, then the herd will arrive and ........

GL all. I’m hopeful this is the start.

Like the sound of that DC.

Actual spread is currently 8.33p Sell and 8.7p Buy. That’s a pretty hefty imo, although clearly not as big as the advertised spread.

MMs are certainly NOT encouraging buyers.

Hi DCT/Bardo. Nice to see you here.

Trigg ;-)

Opening Spread 7.5p - 9p.

MMs “Please don’t try and buy any, we ain’t got none” lol.

Lol. I’m kicking myself for not going in heavier there at 11p in December, but I knew nothing about Bitcoin when I dived in, so I’m going to be thankful for my free carry, let them run for 6 months and see what happens. Could go to £10, could go to 20p I guess.

Same mate. Still hoping this one will tip me into early retirement, but I thought that 10 years ago lol. Maybe this time eh?

Yes, I’m Trigg lol. How are you NewK. Long time no see :-)

Yes, 10 years or so for me Klein57 (feels like longer lol) so I’m happy to wait a bit longer. Plus, this time round I’ve got 5 times as many shares as I had first time.

Chariot have somehow got themselves into an almost unbelievable position with this play (far better than at any time in their history). The great thing from investors point of view, is that the BoD seem 100% focused on the prize, and absolutely determined to drive it forward and see it through. Incredibly exciting opportunity here.

As they say “If you build it, they will come”.

Moving up on very small volume. Not going to take much (volume wise) for this to put in a really good move imo.

A little frustrating this week but it feels like it’s primed for a move up.
Any Chartists out there have any thoughts?

I think funding and drill partner are both all but done imo. Again, I’m only going by the tone and language used in yesterday’s Proactive Investor video.

I had assumed (rightly or wrongly) that SLB would be paid from the funding package. From yesterday’s Video “We’ll be looking to work with Subsea to seamlessly bring that finance into the development”. I do suspect tho, SLB would take a %age if they thought they could wangle it.

With regards the “3 in 1 Drill” (Appraisal/Development/Production) I suspect the very nature of this will be complicating the negotiations somewhat. Whoever they are in discussions with will be looking at ALL scenarios with regards to drill results and will want first refusal on next steps, based on results. It’s not just an appraisal drill, a production drill or a development drill, it’s all 3.

What a day on the markets!! This is pretty much my only holding that isn’t red today.

Thank fk we haven’t released any Covid related news eh, what with Covid being cured and all that this morning! Lol.

MMs up to their usual tricks again this morning!!

Advertised Spread - 20% (7p -8.5p)
Actual Spread -10% (7.3p - 8p)

This is a deliberate attempt to squeeze Spread Bets in the lead up to Friday’s new margin requirements. Absolutely disgusting behaviour which without a doubt is being carried out in conjunction with IG.

Welcome back Professional. Been a while.

GL

Probably just selling a few so he can move funds to his IG account for Friday to cover increased margin requirements lol ;-)

I’m amazed at the lack of reaction here today!!

Creeping up now tho. After watching the Proactive Video, it’s clear that news on virtually anything could drop virtually any time now.

GL all

Just had a chance to watch the Proactive video from this morning.

There’s more hints in there than you can shake a stick at. Brilliant.

“Need to be very careful what I say here but we are very pleased with how partnering process is progressing”, “ suitable rigs are available this year at very cheap rates, and will use same drill team as 2018 drill”, “well has been identified” “we need to make sure we minimise dilution”
“We’ll be looking to work with Subsea to seamlessly bring that finance into the development” (talking as if finance is almost done and dusted.

Imo the Chariot team are a long way down the road with this and further updates aren’t far off.