Chariot Oil & Gas Forum

A better question would be - how much actual cash do we have taking away the money tied up in bank guarntees ?

Yep C Trader has just won the dumbest question of the year prize - Dear Larry are you breaking the law ? - Wow thats doozy CT

Looks like the penny has dropped amongst a few rampers at last - spouting rubbish over and over has done nothing but render their post as laughable - so how about the balance-sheet some would have you believe is overflowing with cash but dig deeper the last figures are from June and given the G&A could well be around US $18M then take of the untouchable bank guarentees of US $7.6M then you have a real figure not US $21M but circa US $12M - I'm wondering if that much talked about fund-raise is about to happen..

City Trader wont know this but back a few years over 100 m shares swapped hand in less than a month and no RNS and the SP never blinked

Funny how City trader predicted 20p on the 3rd Nov - 27 Oct - 20th Oct - still no mention of the seller unloading stock

13-Nov-1709:17:1415.125250,000Sell* 15.0015.5037.81kO 13-Nov-1708:21:3515.125250,000Sell* 15.0015.5037.81kO 13-Nov-1714:11:3615.125200,000Sell* 15.0015.5030.25kO Hard to argue with the facts

Save me - he actually believes that rubbish as well - strange how the huge sells are not noticed 700k of which are delayed trades not after Hours trades as reported on iii by another amateur..

The 250k was a sell at 15.125 - beware of payed rampers on LSE and iii - desparation time !

Larry has been very clever with the use of an outside analyst on the last presentation ; this allows Chariot to distance themselves from his calculations on Chariots cash postion - he has stated Chariot has US $22M at this time when really this figure is much less as US $22M is from June 30th - This figure also doesn't take into account bank Guarantees which stand at US$ 7.62M !! This money can be used but other securitys must be found to tkae it's place. It's hard to see how Larry can go into this drill without raising new capital as a failure would make any new placement a much harder task.

With G&A stated as US$5m it's more plausable the figure is nearer US19M if you then take away from the US$7.6M tied up in bank guarentees the figure of US $22M looks to be well off.