PRICE 0.65-1.00 PENCE

From Q1 Results in May 2009:-

"positioning CAM as an attractive partner for a larger scale business"

Makes a very attractive shell for a large investment management/hedge business to reverse into, we have great tax losses that are an asset going forward!!! Could make it rather exciting. I would expect a bit more tidying up first.
Time to prove your deal making ability Mr Fry and redeem yourself for the shocker that was forsyth.

Numbers and comments again from the Q1 results...the company could turn a profit actually at the Interims on 13th August for the first time in a few years. That would also bring about a very dramatic re-rating imo. The loss in Q1 was substantially lower than Q1 of 2008 as per below:-

Loss attributable to shareholders US$2.9 million (Q1 2008: US$26.2 million)

Forward looking comment about Q2 and markets have picked up alot in Q2.

' The board of directors of CAM (the "Board") believes that there are some early signs that the second quarter may be stronger, as investor sentiment improves'.

First time the company has quoted something like the above in a very long while.

Simon Fry, CEO, commented, "We continue to reduce costs and realise assets
wherever possible, with a view to positioning CAM as an attractive partner for a
larger scale business, that will ultimately benefit all shareholders."

Shareholders equity of just over 2 pence at 31 December 2008:-

At exchange rate of 1.64 Equity attributable to equity holders of the Company $u8,184,000. Shares in issue 243,475,000.@ 1.6450 gives 2.04p.

1 MONTH CHART


1 YEAR CHART

Excellent rise today and getting bigger and also on just one 100K odd buy but the 20% rise had happened prior to that trade. Very encouraging imo and as per research fully expect these to do one of those 100%+ rises on news this week to possible new NAV of 5-6p. Chart looking very promising now.

.... roll on Thursday then .... ?

Yes indeed. I'm just so glad that I kept researching since my purchase at 0.85p and everything imo is looking so good.

Yeep .... all you need do now is to persuad 8trade of that ;-)

Anyway, only another two and a half days to wait and see ....

Orchard Petroleoum's website has been revamped since the weekend.

http://www.orchardpetroleum.com/index.html

Up another 5% so far today ahead of Interims tomorrow.

1.50-2.00p, 4 v 1 and imo could see more of a rise yet today.

Good rise today and very good volume. IMO set well now for Interims mid-morning tomorrow. Should imo see positive statements and Q2 performance should be good and ofcourse some news about minimum 2.25p valuation on sale of stake in Orchard Petroleoum should be included. My research calculated a new fair valuation of 4 to 6p.

Link confirms how I have been saying that all the technical indicators are also so positive which always accelerates rises and then rises also exceeed expectations etc.

Buy all the way!
http://quote.barchart.com/texpert.asp?sym=csb.ls&code=BSTK

Wonder where treacle is these days.

Treacle should have held on