does anyone know why ramco has all of a sudden taken off today ....i cant find any news out but all of a sudden up nearly 11

SWW Appreciated.
Nam

Ramco bidders get legal warning
Robert Ballantyne


RAMCO ENERGY, the Aberdeen-based oil explorer headed by Steve Remp, has been warned by the Texas-based Anglo-Dutch that it intends to pursue its claim for $16m damages and costs awarded in an American legal case, and that any buyer for Ramco should be aware of the claim.
The warning followed Ramcos announcement to the stock market that it had received an approach and talks were continuing that could lead to an offer for the whole company. Ramcos shares which had fallen from highs of 400p last year after drilling problems in its offshore Irish gas fields doubled to 56p during the week before closing at 47p on Friday.

Analysts are sceptical about the mystery bidder and question why the share price should rise when it was more likely that any offer would be at a discount. Confirmation that the Texans will pursue their legal claim is likely to further damage the share price.

The legal action dates from 2003, when Ramco and its partner Halliburton were found to be in breach of confidentiality contracts.
http://www.timesonline.co.uk/article/0,,2095-1502195,00.html

Today's results went down well!

I particularly liked the pick up around 4pm. The offer price rising to 41p suggests shortage of stock IMO.

I'm hoping for a liitle more upward improvement tomorrow.

Nice to be back where I started with this one!


Fly by Night

Red

I am about where i started from now. Any thoughts on how far it will go ?Should i break even and run or go for the ride I thought that the money was gone so not to bothered, But its nice to see it move up Anyway whats your thoughts

the trend is upwardly mobile from now on. looking for 1.00p by year end and from there on who knows depending on the succesful sale of 7 heads and further drilling in good old monte.

Stick with it .... our time has come !!!

Thanks for that Well we have waited long enough and you know what the old saying is Everything comes to thoe's who wait and we have waited Take care

Van, just does not feel the same over here without your famous chicks in the header. Please have a word with the owner and get them to brighten the place up a bit!!!!!

S515

lol ..... we can't go around spreading debauchery on every thread we frequent ........... can we ???

I'll have a word :-)

Anyway ....... onwards and upwards ..... only a 0.5p drop today is excellent news especially on the back of such a steep rise yesterday. However ... still waiting for the traditional tree shaker at some point. Y'know they are aching to do it, but very risky at the moment with the market boys still short from yesterdays trades.

It seems to have gone quiet on this thread - anyone still in and
how do they see things now?

Expect very exciting news here within two weeks !

Give us clue

http://www.britishbulls.com/StockPage.asp?CompanyTicker=ROS&MarketTicker=RESOURCES&Typ=S

market makers are simply ruthless at present, forget trade data
because if they want a stock down in price then they all work
together to mark it down, it looks like Ramco will issue at anytime
the sale of their troubled seven head division and this will be very
good news so for me the market makers are just trying shake after
shake to try and get stock, 225k buys against 75k sells and a 1.75p
drop in the share price, about right in this dire penny share market.

this will go up 100% minimum before the years end....once the mms hear news that the 60m debt has been eliminated through the sale of 7h.( a very shrewd piece of negotiating)..it`s a no brainer....I`m amazed that the world and his wife is not buying this share....a dead cert.....even the banks who are owed the cash think so...they now have a 1m share hedge in the form of warrants at 34p...

It's like a lot of penny shares these days, in the hands of the
market makers who want to manipulate the price in the direction
they want, i agree with you power station, those who can hold
will get a nice reward, might be tomorrow, might be in a few months
when they announce the price they receive for the sale of seven heads.
The smart money is buying, 200k buy today out of the 325k total volume
and the price drops 1.75p, they wont be able to do this forever.

Buy and hold the stock, you will get rewarded.

ref machem...under the bank waiver agreement,7h along with ROSL (the oil service business) MUST be sold before 31st of DEC `05...(that`s about 11 weeks away)..S.Remp has said that they are down to one preffered bidder....it`s in the bag.

Thanks power station.

So it's a case of waiting then, no signs of games yet with the
mm's today but it's so quiet so i will be surprised if they try and
move it unless somebody buys a decent chunk.

it`s 21k buys vs 7k sells....and still they won`t move the price.

Share that between 5 mm's and it's nothing at all volume
wise, if Wins are in the mood they can push it by going
30p bid but they are not playing so far today.

Looks like the next ploy is too widen the spread to kill
the buying, remember 2 mm's have short positions, they
have sold a lot of stock at 32p and higher and not had
enough selling to get it back but have yet to give in and
raise their bids to get stock, this stock is ready soon for
a good day, any support should get it moving but "any support"
is hard to come by in this very poor small cap market.