Chariot Share Discussion Threads

[pally12] 25/5/2021 07:17

They issue more so they can award more shares to BOD

[888icb] 25/5/2021 00:11

CHAR don’t need to finance 37.5% of $400 million as it will be borrowed. That has always been the plan.

[hsfinch] 24/5/2021 23:05

OK...let's break this down. Anchois ain't going nowhere without a partner to fund the appraisal well. Prospective partners are saying 'What if we do come in for 37.5%...how are you gonna fund your 37.5%? Come back when you can cover your end...then we'll talk.' The cash raise might just tempt a partner to come in. That should lift the share price a bit. Let's say the appraisal well goes ok. Now what? Even if they can find a gas buyer and that's a big if, Chariot can't afford 37.5% of a $400million project. Another discounted share issue and farm down for nowt will follow. And Chariot will be left with a very small stake. It's happened time and again with small cap oilies. Im sorry but this is gonna run and run and in the end its gonna disappoint long suffering PIs.

[mr hangman] 24/5/2021 21:57

The people who believe this nonsense are the silly ones

[anangf] 24/5/2021 20:58

10x what a silly statement

[888icb] 24/5/2021 19:33

This is a significant fund raise and the Directors are investing £ millions which is a good thing. What is not good is the price the new shares are being issued at which is giving a very significant percentage of the company to the new shareholders at a very large discount. The open offer will allow shareholders to buy 1 for 6 at the same low price but I think most of us were under the impression the 10x share event would happen before any further issue of shares.
I hope the CFO is ready to explain himself because I invested further cash in CHAR as a direct result of his statement. If he is still promising the 10X share event in the near term I can live with that despite the dilution. If he can’t still make that comment I think he should consider his position as he will not have the trust and confidence of the shareholders. Let’s see if he is going to have a chat with Katie tomorrow!

[ride daice] 24/5/2021 18:42

ROFL. Let's get that drillbit spinning on the appraisal well. They're not raising 23 million US just to keep the lights on FFS.

[wal57lottie] 24/5/2021 18:37

Here we go again.
Rinse and repeat I think they call it

[texaschaser] 24/5/2021 18:16

so confident they take majority at discount. you fools.

[texaschaser] 24/5/2021 18:14

was always going happen. insanity doing same thing. some little resistance at 3.5 but sentiment bad

[mintington] 24/5/2021 17:23

Well I think this is good news....the vast majority of the placing being taken up by directors...so shows they have confidence in future .....and enables us to now start exploratory drilling....although a firm date for commencement would be more reassuring

[brazilnut1] 24/5/2021 13:00

888ICB
Get off that high horse you are always on. I consider most bod on AIM to be fraudsters and conmen, either that or total incompetents.

[888icb] 24/5/2021 11:08

Good luck with your pumping and dumping on a 20% spread.

[hsfinch] 24/5/2021 11:01

Yep. This dodgy inflatable was pumped up into double digits with hot air and now its deflating. More hot air required before it sinks.

[hsfinch] 24/5/2021 10:58

Look at the price and volume action this morning morning. Its a pump n dumper's wet dream.

[888icb] 24/5/2021 09:33

Accusing the Directors of fraud is a serious allegation which you should not make in a public forum unless you produce clear evidence to support it.

[brazilnut1] 24/5/2021 09:09

Drip drip drip, another waste of space bod. Where’s all the news flow they promised ? AIM fraudsters, nothing happening here.

[888icb] 24/5/2021 08:27

Chariot currently number 3 on the Leaderboard Up 12.9%

[chestnuts] 23/5/2021 17:44

Kmon

I am very good on history with gold but oil i am not as good, but the problem i see for oil is that governments of the world is trying to push any thing but oil and gas and i fear that pushing alternative energies with out any these as good could be a complete disaster for man kind, just look at this winter and spring its bloody freezing and i bet the ice pack as grown substantial but the governments of the world will not admit this. So with these challenges oil could be capped. And this will also go for oil and gas companies.

[chestnuts] 23/5/2021 17:19

If you liked the chart you might like these ratios

In Sept 1932 Britain defaulted i see this as when britain lost the reserve currency status

On Jan 30 1934 the usa revalued gold from $20.67 to $35 1934.08

On July 21st 1944 Bretton woods meeting convened 1944.55

On the 14th March 1968 the LBMA collapsed and run out of gold because the USA was printing money so there was a run on Gold on the 2nd of April the LBMA opened its doors again but Gold was split between The central banks and price still at $35 but the other 50% was allowed to float. 1968.257

On the 15th of August the USA came off gold and gold was floated 1971.63

On the 21st July 2023.55 this is when i expect gold to have a top at $8832 2023.55
++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
If you remember i did a working out on GKP

to the top of the 3rd wave = 593 days and movement 198

593 x 198 = 117414

The 2nd part of the chart

it took 475 days and moved 247 pts 475 x 247 = 117325

So the first half of working out 117414 = 117325

Now if we apply this to gold

Gold topped in 2011.681 at 1886 and it took 43.424yrs 1886 x 43.424 = 81897

Now my cycle finishes on 2023.55 - 2011.681 = 11.689

81897 divided by 11.689 = 6900

6900 + 1921.6 (top in 2011.681) = 8821 You have to bear in mind that you get part days involved with the calculations

I like this calculation
First wave from 1968 to 1980 = 11.852 x the price movement 841.5 = 9973.45
3rd wave from 1999 to 2011 = 12.041 x price movement = 1668 = 20084
5th wave from 2015.92 to 2023.55 = 7.63 x projected price movement gold bottomed in Dec 2015 at 1045 and my projection is 8832 , 8832 - 1045 = 7787
7.63 x 7787 = 59414.8

9973.45 + 20084 + 59414 = 89472.26

Just to clarify the cycle from 1934 to 2023.55 is 89.47 yrs

[bamboo2] 23/5/2021 11:48

Chestnuts, what is also great about the chart is that you managed all that with advfn's incredibly creaky charting package!

[k mon] 23/5/2021 11:41

Interesting stuff chesty..

Could you do something similar for oil..?

The Gold question is all about the validity of 'Money'..
- ie - Gold rises over four time in the next five years..
(therefore FIAT in effect De-Values.. against a hard asset)

But Oil is more of a utilitarian necessity .. so a more valid basis to base the 'validity'.. of a FIAT currency against.
(as is most energy.. otherwise we'd be doing everything manually
& walking everywhere .. so energy is the basis of an Economy .. Gold
.. the basis for Law etc.. )

The reason for asking is this .. the charts show a de-valuation in FIAT
... and in such cases .. societies & commerce .. revert to the utilitarian
value of a commodity.. which would suggest that Oil .. may rise by multiples
greater than Gold..


The question being .. in order to take most advantage of the FIAT De-valuation,
which asset .. would an investor be in.. in order to benefit most by the event?

Not sure if the information is available .. but would be interesting to see the comparison / projections.

- Great Chart, thanks.

[chestnuts] 23/5/2021 10:02

One of my hobbies is cycles and i have drawn the chart below to simplify the cycles

This chart shows a target of $8832 which is the cube of $20.67 this was the value of gold before it was revalued in Jan 1934. Nearly all charts and dates are associated with Gann.


free stock charts from uk.advfn.com

[texaschaser] 21/5/2021 20:16

horse dead flogging. move on best bet. death by thousand cuts.