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.

MJ - your tone and slightly earlier chart indicates that you think CHAR will have a little burst for glory from 29.1p ..... do you think charts and similar have a true value for these minnows? ..... i confess i am not entirely convinced, though i suppose if the average PI gets it into his head that it's time to jump in, then there's a good, though probably short, momentum play to be had ..... is that the way you see it?

Nothing wrong with momentum plays the difficult decision is when to stay long.,.

i agree, but as MJ uses charts to determine his entry point, i was merely raising the question of a chart's validity for a minnow

It's done me no harm and keeps trading interesting, but must say this is an odd chart and won't be dabbling just yet.,.

">

Video presentation with Chariot Oil & Gas (AIM-CHAR)
Paul Welch, Chief Executive Officer
AIM quoted Chariot Oil & Gas holds frontier acreage offshore Namibia and recently diversified into Morocco and Mauritania.

Click the link below:

http://www.brrmedia.co.uk/event/106556/paul-welch-chief-executive-officer

29.50 / 29.75p

On the bounce with good volume today, and after profit taking, buyers are back again

Having a good move up today, getting ready for a BREAKOUT from the last Intraday high

Volume and oil price rise will help to the objective

What's the oil price got to to with it?

CHAR don't have any oil and are a long way off to actually find any.

FUNNY

Are their licence for gold then?

Another one with no idea of how the market works.

do some research this weekend if you got time.

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Stock On Loan

chuckle chuckle chuckles - i knew you would draw some abuse; keep it up old bean! ..... perhaps question whether licences = blue sky = black gold!

Has broken through the 50 days EMA ( resistance ) on short term RISING TREND

come on MJ, break the habit of a lifetime and tell us what level you are now targetting

==================

good grief!
i see CHAR were 200 in march/april last year and then collapsed almost as impressively as VOG did all those years ago

Keeping Up Appearances is the way some act.

I am keeping with the share price rise once again today

Has been bouncing from side way 26 / 28p bottom

to repeat .....
come on MJ, break the habit of a lifetime and tell us what level you are now targetting

BREAKOUT

Very close to the break last Friday the chart was given the signal of the breakout by the LARGE VOLUME. A long way to go now on this open space with a GAP to be filled up to 80 / 90p once it reaches 39.50p

Silly me, I should have realised that the price of oil is very important for a company that doesn't produce a drop of oil. Not only that but their two flagship drills also failed to find oil in commercial quantities despite having been ramped to contain 13 billion bbls OIP. How did they miss?

I see gold is trading at $1685 per ounce, this is fantastic news for me, I don't think it matters that I don't actually have any gold, do you?

re - Silly me

Very much so

One has to be, to Take the P1ss of ( Itself ) and have a "cynic" as company

and fail to buy CHAR on top, when it was a screaming BUY mainly on the chart not on the Gold price rise

Continuing with the rise, it helps the Oil price is also on the up

I hope the " killjoys " get a spanking for doing so ........

Oil Futures Edge Up; Brent Tops $112/bbl

Crude-oil futures edged upward in Asian trade Tuesday, extending the previous week's gains on upbeat oil market projections and positive economic data from China and the U.S.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in February traded at $95.67 a barrel at 0702 GMT, up $0.11 in the Globex electronic session. March Brent crude on London's ICE Futures exchange rose $0.33 to $112.04/bbl.

Despite strong economic growth in China--7.9% in the fourth quarter--uncertainty surrounding fiscal policy in the U.S. and Europe has capped oil prices.

U.S. House Republicans on Monday introduced a short-term debt bill that will extend U.S. borrowing authority until May 19, and will meet Tuesday afternoon to discuss the bill in advance of a vote Wednesday.

In Asia, however, the Bank of Japan committed itself to a 2% inflation target and an open-ended asset-purchasing program, pledging to carry on buying financial assets as long it deems necessary.

"There may be problems to worry about down the road but the current sentiment is to enjoy the moment, join the momentum and don't listen to the killjoys," PVM said in a research note.

It said developments in Algeria supported Brent last week with a gain of 79 cents/bbl compared with only 10 cents/bbl for WTI, due to which the March WTI-Brent differential was $15.85/bbl.
The desert siege of a remote natural-gas complex in Algeria by Islamist militants led to the death of 37 foreigners, officials said, raising concern about the safety of Western oil installations in North Africa.

The WTI-Brent differential could temporarily widen again before a more permanent narrowing later in the year, analysts at Commerzbank said in a note. WTI oil prices have been weaker than Brent because of excess oil stocks at Cushing.

"The currently record-high stocks at Cushing could decline more slowly than expected as many refineries in the Midwest and on the U.S. Gulf Coast are planning to undertake extensive maintenance work," Commerzbank said.
Societe Generale said Brent crude made gains since early November and may bounce higher in the short term, though there is significant risk of a correction because it is nearing the upper limit of technical resistance.
Nymex reformulated gasoline blendstock for February--the benchmark gasoline contract--rose 68 points to $2.8036 a gallon, while February heating oil traded at $3.0758, 233 points higher.

ICE gasoil for February changed hands at $968.75 a metric ton, up $4.25 from Monday's settlement.

I'm sure Chariot will be delighted with the cost of oil. They can look forward to much greater revenues in say 5 years time when they might have found the black gold and even have some to sell.

In the meantime I am over the moon with the price of yellow gold, if only I could find some to sell! Lol :)

further chuckles chuckles! ..... you're lining yourself up for some typical MJ personal abuse.

MJ's pretty pix and comments are often interesting and useful (unlike his pavlovian knee-jerk abuse) ...... however, sometimes he chooses to portray himself as a short-term momentum trader (which is what i think he is) and at other times, because he got greedy and forgot to sell at a good profit (BAO!), that he is in it for at least the medium term.