profits ahead of last years.the company has 80% interest in a joint venture with china national petroleum corp(cnpc).market makers bought a lot of stock on friday followed by big buys on monday.profit taking on tues am then buyers back in pm.any views?

If you are in any doubt then sell enough of your holding to give yu say a 100% profit and run the rest

without using a calculator I would guess you could sell about 25% to get back double the outlay

what is the downside to that

If they continue upwards you will still have a large % of your original 'punt' and so what if you miss out on any further gains on only 25%

of course if want to be onboard for the ride then stay with it

good luck

whats going on with the bluesky sale and also the price?????

Recommended by Shares Magazine - 21/10/2004

Opportunities continue to flood Fortune's way as the Chinese market opens up. It also mentioned about the increased sales due to energy boom in China.

Fortune oil soon to reach 10p

10p cannot come soon enough!

It has risen today - 7.625p

CAO had 0 share trading on the 20th October (were they suspended ?) and an announcement of 15% share placing on the 21st. If you remember the Bluesky sale announcement, it said that completion would take place 7 business days after the final condition was fulfilled.
A theory that is being thought at the moment (see the advfn thread) is that the some of the extra shares in CAO that were placed could have been for FTO (who are getting 37million as part of the Bluesky sale). If that is the case, then 7 business days from the announcement of the placing of these shares, is tomorrow.

Therefore, will there be an RNS tomorrow regarding the completion of the Bluesky sale ?

Any thoughts here ?

Regards & good fortune.

Cliffs

That may be the case...maybe buy today then.

Well it is said on another BB that the 7th working day is on Monday time will tell even more so if if friday is high volume

HT.

How does this one compare to SEY-it seems much cheaper? I have watched it for a while.

beginning to creep up slowly 2 bigger trades gone tho today looks like buys

Disappointing end to the day. Can't seem to break the 8p barrier.

yeah news flow is req im afraid

What happened to the blue sky disposal? When was that meant to happen again?

in july but red tape has held things up thats why share price is in limbo patience is req on this one !!

Bounce back to Monday's end price - very frustrating and confusing holding this one...

Whahey, 8p at last.

Next stop?

Anyone care to guess?

8p indeed - always good to tempt fate in a positive manner!

heading up again tomorrow to 9p

or heading back down to 7.5 ?