LONDON (AFX) - Chaco Resources PLC said it is proposing the reverse takeover
of two Paraguayan companies -- Amerisur SA and Bohemia SA -- from Candey SA and
Daniel Sztern in exchange for 27,322,404 new ordinary shares in the company.
It also plans to raise up to 750,000 stg before expenses in a placing of
36,585,365 new ordinary shares.
The company's shares were suspended on Sept 3 and it said it expects this to
be lifted today. It has called an EGM for Nov 15 to approve the acquisition and
placing plans.
Amerisur holds two oil and gas prospecting permits in Paraguay and is the
registered applicant for exploration and exploitation concession contracts over
the same permit areas. Bohemia holds registered applications for an oil and gas
prospecting permit in Paraguay and for an exploration and exploitation
concession contract over the same area.
The exploration areas covered by these three applications comprise a total of
approximately 48,000 square kilometres of the Curypayty and Parana Basins.
Chaco said these basins extend respectively into Bolivia and Brazil, where
commercial oil and gas production has been established for many years from
similar geological sections.

tick, tock - my how the time passes so slowly when u r waiting for news

1:2 @ 7.8: 7.95 and 50k:100k with WDBM still the only one on high bid

Baza

stewart3250, these deals are taking longer than any of us thought they would, I'm just suggesting that if they are not done yet, the company have nothing to rns today?

dibbles, fair point my friend

Nearly 1M sells showing in the last 45 minutes, not sure if thats people panicking with no news or some know something, any thoughts

I expect it's people panicking, they've waited for the RNS, been very underwhelmed and perhaps gave it till midday today until they bailed.

WDBM has bought nearly every single one of those sells, I don't think its wise to take the opposite view to an insider!

MPH, thanks for the info and I agree with your views, I will continue to hold medium and long, tax wise it is very beneficial.

Stewart, like me you prefer to make invesment decisions with all the information in front of you. It's only a case of hours, a day at max before we see the full picture.

Don't forget that people like sharesure will be asking very probing questions today and even if the the management can't release news to the market you can be sure they will hint/slip up and give away some very valuable information.

This is one little private investor thats still holding!
Like you said MPH, its good to have someone like sharesure there asking some very probing questions and i`m sure he will make some sense of it.
Hurry back sharesure!
DB66

I think we should expect the price to slip even further, currently

1:4 @7.7:7.95 and 50k : 200k - with only WDBM on the high bid - and a gap down to 7.5

Baza

Doen it goes
Now 1:1 @7.2:7.3 and 50k v 50k

Now the question is - are these sells the result of no news/bad news at the AGM - or panic selling in ignorance ??

ouch!

7.10 bid 7.15 offer it must be the news from the AGM.

Glad i got out a few weeks ago, cant see this recovering anytime soon. This is deffo a long term one

Good luck to all.

bhunt....probably the former (and a bit of both)...lack of new news/further developments, who knows? we'll see this evening once all is revealed...does'nt look good.

Beware of insiders bearing gifts.

another drop coming?

Well this is certainly flushing out the "traders" I wouldn't be surprised if this now climbed back up steadily now. I would be very tempted to buy that batch off WINS at 7.11 if I wasn't fully loaded.

Hands up all those brave ones who bought at 7.11 !

Offer back to 7.5 MMMmmmmmmmm and bid back up to 7.2 - profit already

WDBM now high bid looking for more sellers to grab stock from