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Another beaten up oil junior starting to bounce (CHAR)     

kate bates - 02 Apr 2009 13:29

Don't like doing threads but have been alerted to this one as it trades well below cash position and allegedly has directorate links with the massive Petrobas. Last broker target was something like 165p - currently 26! The bates is in.

mitzy - 13 Jan 2011 08:22 - 343 of 474

I told you to buy yesterday.

hlyeo98 - 13 Jan 2011 08:32 - 344 of 474

Me too, cynic, don't be so skeptical next time. So you are in today.

halifax - 13 Jan 2011 08:38 - 345 of 474

cynic so you don't think this is a case of more "pie in the sky"?

cynic - 13 Jan 2011 09:15 - 346 of 474

i really don't know hali ...... i would rather like a comment from someone like Big Al who is an actual (ex)oily and knows what he is talking about, rather than just the likes of TossA who, like MRSI, is totally bound up by rising/falling angles, inverted and hairy teacups et al

hlyeo - a good dose of scepticism with shares in no bad thing .... it lessens the chances of making a total and ruined pratt of oneself

mitzy - 13 Jan 2011 09:24 - 347 of 474

Hay mas tiempo que vida.

Balerboy - 13 Jan 2011 09:30 - 348 of 474

mitz talking in code......funny hand shakes next ;))

required field - 13 Jan 2011 09:35 - 349 of 474

I've thrown the towel in here...if you can't beat'em..join em....so I'm in....shorting is out of the question with a possible huge discovery on the cards....wish I jumped in a year ago now...

mitzy - 13 Jan 2011 09:37 - 350 of 474

lol Bb..

You are a long time dead..!

cynic - 13 Jan 2011 09:38 - 351 of 474

cheer yourself up by looking at the chart back to 2009 ...... you would then see that you could well have done your dosh big time - still not impossible! - and it is only within the last couple of months that the 2009 level of 150p was surpassed.

meanwhile, as hali correctly intimates, it is yet to be proven whether or not this latest guff is real or just real pie

if it's real, then there's still plenty of pennies to be made - if banked

cynic - 13 Jan 2011 09:41 - 352 of 474

indeed, i see that now the market has digested further, sp is up a bare 6p ..... so perhaps a further dose of cynicism will not be untoward

TopAnalyst - 13 Jan 2011 09:57 - 353 of 474

cynic, the guru of BS LOL!!

markymar - 13 Jan 2011 11:17 - 354 of 474

I smell that the cap in hand coming,they aint got much money left hence ramp the price up with the same hype.

hlyeo98 - 13 Jan 2011 11:33 - 355 of 474

Cynic, now you say you don't know after making so many comments on this thread. So are you in CHAR or not?

cynic - 13 Jan 2011 11:53 - 356 of 474

answered in 342 ..... am i convinced it was a smart move? .... no

HARRYCAT - 13 Jan 2011 12:34 - 357 of 474

Just a cautionary note from The FT sector watcher:
"Chariot Oil & Gas - CHAR LN
More spivvery from the CHAR boys, with yet another increase in estimated prospective resources offshore Namibia, now up to a remarkable 13bn barrels of oil from 10bn barrels previously (now 9.7bn barrels net to CHAR). On the basis of recently acquired 3D seismic, the group also now believes that the chance of success on its primary "mega-structure" has increased from 16% to 20%. I'm more concerned about the fact that the group has yet to announce a farm-out to a partner, something it has been promising for months, and there's no mention of that in today's release. Don't get me wrong - there is enormous potential in Namibia, I'm just not sure CHAR warrants the eight-fold increase in its share price during the past 12 months to give it a current market cap of over $500m. Shares probably go better today, but at some point soon they need to deliver. Long-term sell in my view.

cynic - 13 Jan 2011 12:54 - 358 of 474

thanks harry ... TossA will no doubt preach that we don't know what the f we're talking about

TopAnalyst - 13 Jan 2011 14:37 - 359 of 474

you dont, tossa.

mitzy - 13 Jan 2011 14:41 - 360 of 474

Itsa 10 bagger for me I'm happy to hold to 330p.

markymar - 13 Jan 2011 14:44 - 361 of 474

what about funding they have 10 mill left tops, they keep hyping the size of the fields up with out even drilling.......its a bubble and its going to get popped.

cynic - 13 Jan 2011 14:46 - 362 of 474

TossA will PROVE to you that you are just a total and utter imbecile to hold such beliefs - or at least until he decides the facts he propounds have changed
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