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.

well done on this one mitzy--I missed it. I'm in Cov though cove energy--looks to be an exciting week next week, big jump on friday and if the rumours are right that one will reach 100p easily. imo--fingers crossed!

Thanks moneyplus this is still very much undervalued with a possible 9 billion barrels and a Market Cap of 90m it could easliy rise to 160p in the next 12 months..

good luck with Cove I missed it the other week.

Wow...

absolutely so, but damned if i can see why .... at least Cove has some logic to its rise

lol..

No stopping this....sold out too early....incredible rise...

incredible being the operative word ...... why, is the question i raised before, and no one has responded ...... it is for that reason that i have managed to keep inherent greed under control

It will spike and come down...it's the thought of billions of barrels of oil that has sent it into orbit.....could be years before any drilling gets underway...

From Daily Express today:
"* Talk of a co-investment deal sustains Chariot Oil & Gas."

And also: March 2 (Reuters) -" Britain's Chariot Oil & Gas Ltd said its group resources rose by 3.3 billion barrels to over 8.5 billion barrels, resulting from a survey in Central Blocks, offshore Namibia.

The Africa-focused oil and gas exploration firm said no resource potential had previously been attributed to these blocks.

The Central Blocks are owned and operated by Chariot's wholly owned unit Enigma Oil & Gas Exploration Ltd."

Incredible is my thoughts when will it ever end.

also, resources and (recoverable) reserves are totally and utterly different.
for sure, when the lemmings have had their fill, this share will fall like a brick as there is nothing to sustain it - well that's what i think anyway

EK is bound to short this....beware Mitzy...take profits soon....

my strong advice is to take profits NOW
sp is starting to slip, but more interestingly, it is impossible to short this stock either as CFD or s/b - i.e. lots of peeps already short and no one willing to lend stock

You are so wrong.

i shall be delighted to be wrong, but i very much note that no one but no one has come up with any sensible reasons as to why this stock should have rocketed away, let alone why it should hold that rise.

on the other hand, it is very clear that an awful lot of people also hold my view, for otherwise there would be stock to borrow (i.e. as the counter-balance of the short)

finally, your so-called profit is ephemeral and could easily disappear in a puff .... so for goodness sake take a BIG slice of profit if you have not already done so

Oil is $82 a barrel tonight and the price on the forecourt is rising by the day I am forecasting oil at $100 a barrel in 2 months time and I have invested in Char and Matd for 10 baggers potential.

mitzy - use some logic and common sense ..... the one has nothing to do with the other ...... you are showing every sign of being totally blinded by greed

Cyneers is right Mitzy : for an sp to remain high , you have to be drilling...MATD will be very soon...the other is just potential...try and time your exit on the latter.

I hold both rf and will not sell for at least 2 months when I expect the oil price to rocket to $100 plus..gl.