Crazy cheap smallcap oil stocks on the London Market. Bought CAZA looking for around 80% short term

all resources sector stocks are dirt cheap now.

It seems like most are starting to bottom out and bounce on good news though. Still think it will be sluggish until autumn though, before starting to pick up then. Now is a great time to be accumulating any resources shares you have your eye on imo.

I am accumulating the following right now:

HER, OTC, RRL, ORE

sensible approach there whippet.

I'd be interested to hear your play with RRL when RMP is listed on AIM. I would think that a high percentage of RRL shareholders will sell to buy shares in the, lets say more risky, part of the company. May lead to a a bit of a spike and good selling point if timed correctly (ie very short term).

There's your short term spike.

tidy

Fluke.
Just jealous.

Every dog has its day. RRL & its connected ugly brother are so manipulated it will be very profitable. In my head I think Georgia will be a winner, Puntland promising but then failure and the interim of the two can be used to collect. Off topic a bit, I just spotted that Anton Bilton has 115 million shares in Orogen Gold. Reports due next week and current price £0.0056. Charge! (fingers crossed)

Where did you hear news is due next week? I think you have imagined it. The mining refurbisher only gained access at the end of May, and it is uncertain how long that will take to make it safe. Only then will they be going down to do detailed sampling/remapping. End of july-august more likely imo.

The (extra I for imaginative) III board has had email response from the BoD to say that information will be forthcoming next week. Pinch of salt I know.

Sorry LSE. III was in my head becuase I read somebody talking about Greece being like a spoilt child asking for a seventh credit card and a comment about USA struggling a bit. USA asking for a higher debt ceiling is like a betfair punter down to his last ever £20 and putting it all on Mark O'Meara to win the Open.

been reading the boards on LSE and i am finding it quite interesting.
Q why do the mm's put buys through as sells on the list of trades?
according to some posters this happens all the time

All the software that reports the trades is doing is checking the trade price against the mid price to determine whether it was a buy/sell (i.e if trade price above the mid price, then buy). When you have loads of people dealing inside the spread, or there is high volume and the spread is moving, it gets confused. Don't forget as well, there are two sides to every trade, it is just like betfair, so in reality there is no such thing as just a buy or a sell.

I suggest you ignore any posts from anyone mentioning MM's though. Those boards are full of people who have no clue about anything, who seem to think that any decreases in share prices are entirely down to the work of MM's, and nothing to do with the natural process of people buying and selling stocks.

cheers for the reply whippet

rumour and seems highly likely caza have hit huge pay zones at OB2. Last week they announced they'd hit 6 extra pay zones already. Not investment advice but imo this share could be back to 50p very quickly.

Seems the rumours were spot on. Caza is way too cheap and will be a big riser once money returns to the sector.

Seems the rumours were spot on. Caza is way too cheap and will be a big riser once money returns to the sector.

Seems the rumours were spot on. Caza is way too cheap and will be a big riser once money returns to the sector.

decent news out today via their OZ partner. **** markets but there's 50% in this near term imo.

Stop ramping.
It's not polite.

ttt, thoughts from any of the forum shrewdies on caza

Hallelujah i'm in profit on something averaged down on this one with buys in the single figures.
My orogen shares are not far from their average buy but cadogan, range & herencia are whatseems a lifetime away. Ortac well i live in hope :)

sold my CAZA yesterday just shy of 14p for a profit, they've doubled over the past month or so, so that's good enough for me. Good luck other holders hope there's plenty more upside for you......but maybe not today

DOH!!!!

Tough break today gresty its a bugger when that happens.

Still got to be happy with doubling though.

hello again glad i got out just shy of 14p