small oilie but with a nav of 35p compared to share price of 10p..bid rumours of 50p a share.

CAD again nearly all buys through plusmarkets today, many not put off by the spread it seems,

01/04/2009 13:02:22 16.99 1,417 O 240.75
01/04/2009 13:00:30 16.99 131 O 22.26
01/04/2009 12:50:32 16.99 20,000 O 3,398.00
01/04/2009 12:45:09 16.99 6,368 O 1,081.92
01/04/2009 12:43:05 16.99 732 O 124.37

damn fools then

not when it hits 20p!

Volume falling away looks like it has run out of steam.

not looking to be heading that way at the moment, and a 3p spread (+/-25%) makes this share a farce to trade

spread is now 4p!!

Normal service has been resumed.

you mean you think a 3p spread is acceptable?

No it is not its a absolute disrace imo.

now closed to 2p, but still 12.5%

that CHAR going very well, proper spread unlike this!

What happened here..?

At least the spread has narrowed.

The chart suggests further rises..

mitzy CAD looks a bit wobbly take care.

I've taken a tiny punt on this coming right on a good drilling update...mighty risky I must say !, but thay have 61 million pounds in the bank and the sp ... market value is : at 21 million...that's a big difference....even if they pulled out of the Ukraine and that is a big doubt ; they would have a big lump sum of money left...and there should be a drilling update soon...these used to be 200p at one stage, now 11 or 12p !.

I'm happy to hold rf.

Drilling update next week ?

This has got to be one of the craziest drops of a main market sp....when this was floated there was a market cap of 531 million pounds and a 230p price at flotation....it is now 11.75p with I think around 69 million still in the coffers (with expenditure this will drop).....they have 3 or 4 different licenses and one is in dispute.....does that mean that this company is worth 12p or so ?, I find this hard to believe.....with a positive drilling update, could there be a dramatic upsurge in the sp ? strong possibility in my view !...any thoughts anybody ?, and the spread is being narrowed at the moment !.

I certainly hope so--I bought a few for the same reason as you but the market does not agree with us and it's not easy to sell again. I sold a few on Selftrade but Hoodless didn't want to sell any online! long term hold with fingers crossed??