PRICE 0.65-1.00 PENCE

From Q1 Results in May 2009:-

"positioning CAM as an attractive partner for a larger scale business"

Makes a very attractive shell for a large investment management/hedge business to reverse into, we have great tax losses that are an asset going forward!!! Could make it rather exciting. I would expect a bit more tidying up first.
Time to prove your deal making ability Mr Fry and redeem yourself for the shocker that was forsyth.

Numbers and comments again from the Q1 results...the company could turn a profit actually at the Interims on 13th August for the first time in a few years. That would also bring about a very dramatic re-rating imo. The loss in Q1 was substantially lower than Q1 of 2008 as per below:-

Loss attributable to shareholders US$2.9 million (Q1 2008: US$26.2 million)

Forward looking comment about Q2 and markets have picked up alot in Q2.

' The board of directors of CAM (the "Board") believes that there are some early signs that the second quarter may be stronger, as investor sentiment improves'.

First time the company has quoted something like the above in a very long while.

Simon Fry, CEO, commented, "We continue to reduce costs and realise assets
wherever possible, with a view to positioning CAM as an attractive partner for a
larger scale business, that will ultimately benefit all shareholders."

Shareholders equity of just over 2 pence at 31 December 2008:-

At exchange rate of 1.64 Equity attributable to equity holders of the Company $u8,184,000. Shares in issue 243,475,000.@ 1.6450 gives 2.04p.

1 MONTH CHART


1 YEAR CHART

More steep rises on the markets last week which is good for the Wealth Management and Active Opportunities Fund arms. Could see positive outlook also for Q3 imo on back of increasing investor sentiment. Also, positive for medium term target of partnering a large scale partner with markets looking better. Already know as per research how good news expected on Orchard Petroleum and Apollo Multi Asset Management. Interims on Thursday!

Anoher snippet from a couple of days ago on how asset management and inflows has gone up significantly for another company with the strong rises on the markets.

Lyxor sees strong demand for emerging market ETFs
07 Aug 2009 | 17:00
Barney Hatt

Emerging market ETF sales soared 200% at Lyxor Asset Management during the second quarter to the end of June.
The Societe Gale subsidiary says net inflows into emerging market ETFs totalled $900m.
The most popular emerging market ETF was Lyxors MSCI AC Asia-Pacific (ex-Japan) which raised $260m followed by the China Enterprise and MSCI India ETFs.
Assets under management increased by 81% compared to the previous quarter, up from $2.9bn to $5.2bn.

http://www.investmentweek.co.uk/investment-week/news/1519444/lyxor-strong-demand-emerging-market-etfs

100% now imo that Modena Resources have acquired Crosby's and Crosby Active Opportunities Fund's holding of 14.17% in Orchard Petroleum at around 2.25p-2.75p per share imo. This means imo that the new Net Asset Value for when the company accounces the Interims this week could be anywhere between 4.00-6.00p.

'MODENA RESOURCES ACQUIRES INTEREST IN ORCHARD PETROLEUM, INC. 29 July 2009 Modena Resources Limited (Modena or the Company) refers to the announcement on 27 July 2009 and confirms that it has signed a non-binding agreement to acquire a 14.17% interest in privately held ESK Limited (ESK), which owns production, development, and exploration assets in California. ESKs indirect wholly owned subsidiary, Orchard Petroleum, Inc. (Orchard), has a portfolio of low risk, high quality production, development, appraisal and exploration projects in the prolific San Joaquin Basin in California'.

http://wotnews.com.au/announcement/modena_resources_modena_acquires_interest_in_orchard_petroleum_inc/00972563/

Crosby's holding shown at 14.17% on the Orchard Petroleum website as per below:-

http://www.orchardpetroleum.com/au_profile_structure.cfm

Up 20% on no buys this morning at 1.25-1.75p, looking good for rest of the week.

Excellent rise today and getting bigger and also on just one 100K odd buy but the 20% rise had happened prior to that trade. Very encouraging imo and as per research fully expect these to do one of those 100%+ rises on news this week to possible new NAV of 5-6p. Chart looking very promising now.

.... roll on Thursday then .... ?

Yes indeed. I'm just so glad that I kept researching since my purchase at 0.85p and everything imo is looking so good.

Yeep .... all you need do now is to persuad 8trade of that ;-)

Anyway, only another two and a half days to wait and see ....

Orchard Petroleoum's website has been revamped since the weekend.

http://www.orchardpetroleum.com/index.html

Up another 5% so far today ahead of Interims tomorrow.

1.50-2.00p, 4 v 1 and imo could see more of a rise yet today.

Good rise today and very good volume. IMO set well now for Interims mid-morning tomorrow. Should imo see positive statements and Q2 performance should be good and ofcourse some news about minimum 2.25p valuation on sale of stake in Orchard Petroleoum should be included. My research calculated a new fair valuation of 4 to 6p.

Link confirms how I have been saying that all the technical indicators are also so positive which always accelerates rises and then rises also exceeed expectations etc.

Buy all the way!
http://quote.barchart.com/texpert.asp?sym=csb.ls&code=BSTK

Wonder where treacle is these days.

Treacle should have held on