profits ahead of last years.the company has 80% interest in a joint venture with china national petroleum corp(cnpc).market makers bought a lot of stock on friday followed by big buys on monday.profit taking on tues am then buyers back in pm.any views?

llewellyn, if you have placed everything on FTO you certainly have thrown caution to the wind. If this company were a baker it would have made many fortunes with all the pie in the sky and jam tomorrow. Perhaps the future will prove to be different but the past reveals it has been a poor long term investment. Money has been made in FTO with short term trading. For you holders I wish you luck, but this is one stock I would not offload a lot of cash into.

Times are different now with China becoming an ever-emerging economy...there is no doubt that FTO will be a real winner.

hlyeo,
"there is no doubt that FTO will be a real winner."

No doubt?...... strong statement in this business!
However I do wish you luck and hope that I am proved wrong in my views.
opto

Don't worry...I am confident I will prove you wrong, Opto.

Opto
i think you are right about the past but things have changed somewhat as things have become much more stable in china and thats where the growth is , china needs power oil/gas etc etc ,and if fortune can grasp it right i think they have a good chance of making it or be bought out by a bigger company ,the only problem i see on the horizon is the amount of shares issued !!

little bit of volumne today very strange spread looks like they are trying to cover up whats buys/sells

lots of sells today????????????????????? does anybody know whats going on !!

according to level 2 most were buys as spread was vry tight most 8.80 trades and above were buys dont believe all what you see i bought 2day at 8.80
offer
8.80p to 375k.,


bid
8.79p to 500k..

as you can see that puts a different light on it ,

Well looks like we aer hanging on news still here. What appeared to be alot sells today and the price held firm?? THoughts anyone? I can only think this means there is a buyer still in play, other wise Im sure the bid would have dropped today. IMHO

fair few large '?' trades gone through today. could be ticking back up to 9p again soon, can anyone confirm these?

Does this explain the delay in the Blue Sky sale?

BBC Business News 24/01/05

Scandal-hit jet fuel supplier China Aviation Oil has offered to repay its creditors $220m (117m) of the $550m it lost on trading in oil futures.
The firm said it hoped to pay $100m now and another $120m over eight years.

With assets of $200m and liabilities totalling $648m, it needs creditors' backing for the offer to avoid going into bankruptcy.

The trading scandal is the biggest to hit Singapore since the $1.2bn collapse of Barings Bank in 1995.

Chen Jiulin, chief executive of China Aviation Oil (CAO), was arrested by at Changi Airport by Singapore police on 8 December.

He was returning from China, where he had headed when CAO announced its trading debacle in late-November.

The firm had been betting heavily on a fall in the price of oil during October, but prices rose sharply instead.

Payback

Among the creditors whose backing CAO needs for its restructuring plan are banking giants such as Barclay's Capital and Sumitomo Mitsui, as well as South Korean firm SK Energy.

Of the immediate payment, the firm - China's biggest jet fuel supplier - said it would be paying $30m out of its own resources.

The rest would come from its parent company, China Aviation Oil Holding Company in Beijing.

The holding company, owned by the Chinese government, holds most of CAO's Singapore-listed shares.

It cut its holding from 75% to 60% on 20 October.

Whislt we are waiting for FTO to confirm theirs plans as regards The Blue Sky deal, it would appear FTO are in a win win scenario. a*v*n threads seem to be saying that froma chartists point of view this is going to bounce very soon.

Let's hope so because it seems to be sliding back to sub 8p which was resistance on the upward journey for such a long time...

483 vs 136 sells, looks like its resisting 8p. now all it needs is some news!

And a very tight spread

Is there any conclusions yet on the confusion on the contracts
in Iraq?

Is this the PET thread? contracts in Iraq. LOL

Could be - I can often get my furry ears in a twist LOL
;>)

Are you called Stockbunny because you rabbit on about shares? LOL

I just fancied a different type of nickname - something fun
rather then serious to break the somber mood :>)
Mind you I can talk!! LOL

Yes having looked it up this is the one in China not Iraq,
which to be honest I'm quite happy about.