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.

Someone seems to be dumping blocks of 100,000 this morning?
Profit taking from the placing or someone in the know about proposed deals?
I`m staying put ,as i`m sure it will be their loss.
DB66

But still only 30k worth of shares in total dumped - a miniscule amount in the whole world of things

Patience required me thinks

It could be the fag-end of the 2m shares Evolution are reckoned to have picked up last week for 7.2p. They will have had the opportunity to turn the majority at a reasonable profit.
I would be surprised if the news about the 2nd Colombian deal isn't out this week as I was led to believe that it had already been granted.

Sharesure, entirely agree with your comments, I picked some share up cheaply last week from Evolution.

Its a little depressing seeing the share price drift downwards however over the last two days it has fell on hardly any volume so no real concern, I feel it will seem like a minor blimp in a few weeks time when we are in double figures. Once an RNS is issued then the price will proceed North very quickly, don't forget all the hard work done to get the company this far, Martin Groak is a very shrewd individual.

Incidentally that trade this morning for 100000 @ 7.42p was mine and it was a buy.

just tried to buy another 350000 shares at 7.35p but wouldn`t let me have them at that price, this online buying isn`t as easy as brokers make out.Hope thats a good sign for tomorrow.Do most of you buy at market price or use fill or kill like i tend to do.Doesn`t always work but a fraction of a pence can mean hundreds of pounds in a fast moving share like this.

The NMS is 25,000 - which might count against you -unless you left a limit order.

I tend to use L2 to find out what size I can trade at - then do multiple deals until I satisfy my requirement. Using a LO usually means you end up paying market price.

Not such a liquid stock this one.

Baza

Baza

Personally I prefer the old fashioned speaking to a broker. Costs me more but in times of wanting to buy or more so selling in volatile markets I find it's possible to get trades done quickly outside normal market size. Just preference at the end of the day. This alone has saved me quite a bit in the long run.

338261 is a buy but showing as a sell i should know i bought them ,why is it up as a sell,are they allowed to do this, doesn`t seem fair to me as surely it must put off potential buyers.

It is simply the software used by MAM.

It can't actually tell whether your trade is a buy or a sell - it simply deduces it by seeing what price you paid for the share and checking to see whether it is closer to the current bis or offer price and records it against whichever it is closest to.

That is why these things are really only indicative

Baza

Pisces, there have been loads of those mis-reportings in the recent trading days. I have also bought more and they showed as a sell. Moneyam's website treats all transactions below the mid-price as sells when it is not unusual to find, as in this case, where someone like say Evolution by a line of stock in (approx. 2m shares) at a lower than market price and then dribble them out over a longer period, making a profit but selling below the mid-price. I reckon that that line must have been, or soon will be, exhausted.

Still good to see the house broker soaking up any sells as one of the highest bidders.

I suspect that an RNS could come out by tomorrow; I know that this stock has been difficult to call on news release but that is my hunch.

News would be great after the recent drift!

Price starting to move now, its also 3 V 2 on level 2, could be a good afternoon.

Ideal platform now to issue an RNS

Well I think we are all rooting for an RNS now to get this slumberng giant on the move.

I have a private bet with a drinking pal - (only of a couple of beers). that this sp will be 12+ by xmas

Baza

We could be on the move big style,

Level 2 :- 6 V 1

Well Mr sharesure, the way the price is behaving today I would say your hunch is looking good.

Very firm today, pressing back to the 8p level.

If I recall correctly the last RNS came on a Thursday as well.

3.7m x trade * 2 - what does that mean - a simple trannnsfer of stock between 2 parties ??

'X' Cross at the Same Price
A transaction was effected as an agency cross or a riskless principal transaction at the same price and on the same terms (this requires one trade report).

sharesure hi, yiu said in a previous post you thought the second colombia deal had been granted,can you give any more info on the deal.
cheers.