Chariot Share Discussion Threads

[chestnuts] 20/6/2021 10:39

Invisage

By your last post it proves you have never read any of my posts as i have been saying for the last 10 months and if you go and read them there is a lot of detail.

[invisage] 19/6/2021 09:00

2023 you expecting a gold top chestnuts?

[hsfinch] 18/6/2021 18:03

Will be in the 4s next week without newsflow. Come on you tartans.

[nibble] 18/6/2021 16:58

I notice the bid today closed 10% down on the issue price of the latest open offer, having held around the break-even until just after PI's had to commit! Uncanny, eh? Fortunately I've seen this happen with every other CHAR offer so wasn't taken in.

[brazilnut1] 18/6/2021 13:40

But there is no interest. Another dead dog.

[hsfinch] 17/6/2021 21:42

Look at the volume. Hardly anything. Just market makers conning mugs with fake price action to stimulate interest.

[brazilnut1] 17/6/2021 16:12

Another share that is conning it’s holders. AIM ?, never again. All crooks and liars.

[888icb] 17/6/2021 10:00

CHAR having a good morning Up 6.8% at 5.98 on volume of 400000 and Number 9 on the Leaderboard.

[chestnuts] 16/6/2021 10:54

Fibonacci at its best

The USA started on a gold standard path in 1979
It reaffirmed the gold standard in 1900 21yrs

hxxps://fas.org/sgp/crs/misc/R41887.pdf
During the Civil War, the government issued legal tender paper money that was not redeemable in
gold or silver, effectively placing the country on a fiat paper system. In 1879, the country was
returned to a metallic standard; this time a single one: gold. Throughout the late 19th century,
there were efforts to remonetize silver. A quantity of silver money was issued; however, its
intrinsic value did not equal the face value of the money, nor was silver freely convertible into
money. In 1900, the United States reaffirmed its commitment to the gold standard and relegated
silver to small denomination money.

In 1934 it revalued gold and became the reserve currency 34yrs

In 1989 The Chinese started the 2nd Industrial revolution 55yrs

21 + 34 = 55
34 + 55 = 89
55 = 89 = 144

1879 + 144 = 2023

We have a overlapping Fib sequence

If you go to the Dow chart and look at the 20th Feb 2020 you will see the candle went back to test resistance of the top , if you add 3.408 to this you get my date 2023.55

Fascinating

[chestnuts] 16/6/2021 10:52

The shanghi gold exchange was set up on the 18th Sept 2014 which is 2014.716 (716 is the cube of 89.47 )

But what is amazing is that its 8.832 yrs to 2023.55

Fascinating

[brazilnut1] 10/6/2021 17:45

Hattie
At an average of £1 I’d say not a cat in Hells chance of getting back to that level. If it ever gets back to 20p you will be very lucky and surprised. This is another one of these Jam tomorrow companies but jam doesn’t show up. Hope I’m wrong for all our sakes.

[hsfinch] 10/6/2021 13:19

Fair enough. One thing is for certain...they've got a better shot since botty's gone.

[edgein] 10/6/2021 12:14

Hsfinch,

Well we'll see what happens won't we. Appraisal well planned for Q4 currently. CEO through one of his companies underwriting the open offer. He's got a lot more to lose than I have that's for sure. This is one of my smaller oil and gas holdings so I don't mind waiting. I had to wait for about 2-3 years before EUA launched. Morocco is a net natural gas importer so I disagree about the demand for gas, as the board said export to Europe also an option. Like I said though lets wait and see what happens on the FO and eventual appraisal. The potential for 1Tcf+ of recoverable gas has a lot of value, especially at $8/Mcf. But lets wait and see, no need to put the cart before the horse, lets see if they get the appraisal well drilled, the outcome of that and if they make some progress with the Total Eren cooperation.

Regards,
Ed.

[hsfinch] 10/6/2021 12:07

I bet Chariot has been trying to farm down for several years...since 2018/2919 when they got the license in the days of botty. No takers yet coz selling the gas in for a price that will cover the cost of the development is almost impossible. Why you may ask. First is the cost of a development in deep water. You're taking several hundred million dollars. When you turn that into a gas price it don't compete. So getting a a gas buyer ain't easy. Even if you get a buyer, it has to be creditworthy...not easy in Africa. Then you gotta raise the funds to pay for the project. Again not easy when lenders are turning away from hydrocarbons. Also Chariots field is too small for big players to be interested. Bottom line...youre gonna be sitting on this one for years.

[edgein] 10/6/2021 10:39

Wal,

Well you must have been happy enough with your research at the time to enter a high risk play like that. I guess since those days that you've sussed out that appraisal drilling is much lower risk, not risk free, but much lower risk than frontier expo drilling. CHAR at over £300m cap on Namibian expo was high risk for sure. Given the low cap and large appraisal target risk reward has changed enormously. CHAR was on my watchlist back in those Namibian drilling days, not any longer now I'm in for Anchois and secondary for the tie up with Total Eren for the alt power. For me at this level it makes a compelling punt. As for companies that have huge caps and produce very little take a look at the likes of 88E, PANR, TXP, MATD etc. This one at this level looks compelling in comparison.

Regards,
Ed.

[wal57lottie] 10/6/2021 10:28

As a LTH (av. £1)I well remember all the hype about data rooms in Namibia which came to absolutely nothing. Has Chariot ever made any money from oil or gas sales? Sorry to be negative. I want to recover my investment but the only thing this Co seem to be good at is rewarding themselv
es

[edgein] 10/6/2021 10:10

HsFinch,

Why is the data room getting significant attraction then if your views were any where close to accurate? Simply CHAR are targeting one of the potential largest gas targets in Moroccan territory with the target being 1Tcf+ on the Anchois appraisal well. Not only targeting the sands with 55m of net pay from the expo well but also deeper sands with the same seismic signature as the discovered net sands. That's much lower risk than PRD's exploration target for example. SOU's discovery has been a real mixed bag so far too.

Your argument is a bit like saying why do the majors spend $1bn+ on field developments offshore Nigeria when they can find oil onshore Nigeria with better netbacks. Its all about scale and economics as you suggest, the scale of offshore is usually much much larger than onshore therefore justifies the development costs. CHAR think they've around 4Tcf from the the licences they have offshore. They'll get the very same sales price onshore as anyone else that produces low impurity gas onshore, just the volumes produced offshore likely to be much larger. Like Anchois target of over 1Tcf+ recoverable. Estimated to do around $200m in annual reves.

Yes some will feel hard done by here with the recent placing well below the recent high share price. But those like myself who have bought below the OO price and applied for more in the OO feel less so.

Regards,
Ed.

[ride daice] 09/6/2021 11:27

They are united within the confines of the filter.

[888icb] 09/6/2021 11:16

Clearly the shareholders old and new who have just decided to invest £16 million in the company do no agree with the views of the last 2 posters. I suggest they get a room and chat amongst themselves.

[texaschaser] 09/6/2021 10:35

toxic shareholders beating themselves daily is enough to give wide berth to chariot

[hsfinch] 09/6/2021 08:03

Agreed. I just can't see how they're gonna sell the offshore gas. They can't compete with LNG imports or onshore gas from in-country resources and / or Algeria. And that is why they aint been able to find a partner to share the burden. In a way its a downside of having a discovery...potential investors aren't being bamboozled by rock doctors with tales of huge resources. Instead they are focussing on project costs, gas sales and economics. And they don't like what they see. Hence no takers. Bottom line...they're gonna keep on spending your money on this until its gone.

[texaschaser] 08/6/2021 09:51

dysfunctional company and shareholders. lol

[888icb] 07/6/2021 08:37

Positive start to the week Up 4.9% in first 30 minutes of trading on 2 million volume from 38 trades.

[chestnuts] 05/6/2021 23:17

Just a further update to below just reread and take in the last paragrapth


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


====On Friday Gold bottomed at 1855 it went back to test support of the breakout so now it should start to motor

8832 - 1855 = 6977

If we divide 6977 by 8.947 = 779.8 days which = 2023.58

So what i am saying for the next 779.8 days if i am correct gold will rise average by 8.947 per day

Note 8947 as popped up again======