This is an another money maker -trading in high volumes -not yet started the race -But once moving ahead there is no chance of picking up this tiddler.Join together to enjoy the instant wealth

This is not a get rich quick stock. It is a good one to get into and hold. What the hell, it's a gamble. don't spend it if you can't afford to lose it and at these prices it doesn't have to be much.

yes this one i hold 55,000 shrares in long term i belevie that china will grow with its ecomnoy up by 20% a year.

For anyone who missed it -

LONDON (AFX) - Fortune Oil PLC said it has decided to exit the loss-making AcroChina Technology Inc as it is no longer core to Fortune's core operations.
The company is selling its 51 pct stake in AcroChina to Crown United Ltd, a private company, for 2.8 mln hkd.

The news accompanied an announcement that Fortune has completed its natural gas pipeline venture with Beijing Huayou Gas Corporation Ltd, a subsidiary of China National Petroleum Corp.

Under the deal, Fortune will take an 80 pct share in the venture, known as the Beijing Fortune Huiyuan Gas Co Ltd, which will initially own and operate four natural gas pipelines.

Fortune is investing 4.3 mln stg in the venture.

Fortune said final terms of the venture have now been agreed and a business licence for the joint venture has been issued.

The agreement envisages the joint venture lasting 30 years.

Fortune said the venture will pave the way for the introduction of foreign capital and expertise to develop the pipeline assets. There is considerable scope for the business to grow through appropriate add-on investment, as demand for natural gas builds up in the region, it said.

- Good news, well received.

This share has done good today, excellent volume and good finishing price, 3.25 / 3.6

This is well above the 3p resitance level this share usually has, so hopefully it will be onward and upward from here on the back of the great news today.

bailed out today @ 3.25 made made 26% happy with this time to move on

Been holding these for so long I can't remember when! :)

I haven't even moved them over to my new nominee account. Mind you, what was a decent investment then, isn't worth a spit now! :(

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"Look out!!" "Dragon Oil" your not the only one that can turn into a 3.9 bagger!!........ Fortune Oil is going to catch you up one day!!
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Here we have a small (but robust) Oil/Gas company who survived the "Oil Crisis" of a few years ago, while "Major Oil Companies" had to amalgamate in order to survive...
Now those days have past we are going to see the real potential of Furtune Oil!
Also placed in the worlds greatest growing economy its on course to re-establish its former glory before the "Oil Crisis" when the share price fluctuated between 8p and 15p and "Institutions" were fully invested....
I clearly remember "Perpetual Small Companies" Unit Trust alone, holding 32 million shares in "Fortune Oil"!!...... IMHO It's now just a matter of time!!!
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CCTV channel announced tonight (Thursday 27th November 2003) that China's GDP will grow by 8.5% this year!!!
The following is a full report on what they said>>>>>
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"Chinas GDP expected to surpass US $1,341 billion"

cctv.com 11-27-2003 14:10


China's economy is expected to grow at 8.5 percent this year. This comes from a report released by the National Statistics Bureau on Wednesday.

The figures show that China's gross domestic product is expected to exceed an equivalent of 1 trillion and 341 billion US dollars. At present the country's foreign exchange reserve has surpassed 400 billion US dollars; residents have so far deposited savings of more than 1,200 billion US dollars, And industrial production has grown at the fastest rate since 1995. The Organization for Economic Cooperation and Development also forecast an 8.4 percent growth this year for China.
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Regards John
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Bid edged up again today, now 3.4 / 3.7 with mostly buys.

Things are certainly starting to look good for this share now, of course DYOR..

t69

After slight drop back nice 10% rise on friday, now 3.3 / 3.6 again, interest in this is certainly picking up again after the small sell off from profit takers.

Also seems to be rising on reasonably small volume now, which is interesting.

Good luck, and DYOR

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The trend for FTO has been upward in a narrow range since end of June when it was below 1.5 pence !!
The graphical projection indicate we can expect to see 5.3 pence around the second or third week of January (that's providing there's no news to go against it !)
On the other hand it will do better if its a New Year 2004 recommendation!!
Its certainly looking good for the short to medium term at least!
John
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hi
i recognise that name
also p*ssed off with iii?????
hope you are right
rgds
CR

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You and me both CR!!..
iii has gone completely to the dogs... hardy worth visiting anymore.
Managed fund prices haven't been updated since the 10th.... It's like no one at Ample has got any interest in it any more!!! and yet I find it is such a nice site to use and its easy on the eye (to navigate).
I've been looking at the charts for FTO and if we do reach the 5.3 pence mark in Jan it will be exactly 5 years to the month that it was last at that level!!
It's just amazing how long some of us have been waiting for this sort of price!!
Kind Regards John C
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Have to agree there Roth Pig, this share does certainly seem to be in a steep upward trend now.

I would say that we will soon be breaking through the 4p resitance level, and then who knows !

Good luck to all that have stuck with this share, you will be rewarded !

Check fortune out, big sells yesterday, price stays solid.

500k sell today and price rises to 3.5 / 3.75 .

Any ideas why this is happening, do the MM's want your stock badly ?

Fortune continuing its upward trend today, plenty of buys and price now 3.7 / 3.9.

4p before the years out, I would say definitly, but DYOR.........

As predicted Fortune has done it and ended the day on 4 / 4.25 !

This has got to be one of the hot stocks for 2004 with all the interest in the
Chinese market at the minute.

DYOR

tikka69,

Well the chart looks fairly positive!



Actually I still have some FTO bought several years ago at 8p and 12p!

They have been in the bottom of the drawer (as a long term hold!)but they are now starting to have some value again, and I feel I may even move into profit eventaully!

I have always felt they were the right share for some exposure to the growing Chinese economy, and although I held because FTO had virtualy become worthless, i'm pleased i did.

I don't have any plans to sell them.

All buys again this morning just about 595k buys vs. 1 10k sell.

Spread at the minute is 3.85 / 4.25, but I reckon the bid will be back to 4 shortly if the buys carry on..........

DYOR