yeah good call selling at 51p but CAD are so undervalued with the giant ENI aboard. The market is awful so there's no rush to buy (anything) yet though who knows if we've hit the bottom? The CAD directors have paid much much more for their stake recently - just shows how far we've dropped.

38p now . Looks a bargain with newsflow to come.

FAO: joeydeacon-Are you marcus brent or bobby j on the other ones?

jd thanks for the advice i hold 2 lots of shares cad/caza
both just over 22p (missed xel no cash)looking forward to
next advice(need deposit for house).
                                 peppies.

I wouldn't buy a bank with my worst enemies cash ;-)

25p

The cash in bank is worth 30 odd pence.

its most probably stop losses people had on their accounts forcing the price down

fortunes to be made for the brave here

Most of the trading sites crashed at some point it was impossible to get any quotes at one stage. Next week will be better I think (or hope)

banana, got any views on chariot oil? reckon it could be massive. wouldn't have thought bp and petrobras would be wasting their time with them if they didnt see potential. they are targetting 8.9 billion barrels (chariot's share), total 17 billion or something). assuming they only found 3 billion or so, including whats recoverable, plus further farmouts which are probably likely, would have thought could end up with a market cap similar to tullow oil (who have 2.9 billion barrels). Tullow were worth 15 billion not long ago. Chariot are worth approx 250 mill. So you are talking a potential 40-60 bagger upon first production of 3 billion barrels.

Think you are looking at a 3-5 year investment on it. I know tullow took 27 months from first drill to production of their ghana field, which was a record I think. Hence a 3-5 year investment imo. Could pay handsomely.

The bonus is that they are grossly undervalued at present as well. Should be nearer £4 a share. So £1.30 is a bargain price. I am accumulating these as we speak. Going to try and pick up a 5 figure number of shares while still at this price.

It's not citigroup themselves selling. It is one of their big clients in a nominee account. But that person is likely to have been on board since the 20p stage and is just reducing exposure. Who knows the reason. Completely different kettle of fish to RMP; I agree that one is very risky, plus if puntland/georgia don't come off it will be worthless. Char seems a different kettle of fish, and imo if BP wants to get involved (who are notoriously picky about who they invest in) then that seems a green light to me. BP also have the best success out of any major in exploration prospects.

Think the only other company that offers this much potential oil is GKP, and that one is infinitely more riskier.

What about Global Petroleum too? Its another ISA punt. Chariot could find them in the same position as Cadogan with a take over before it reaches even half its broker target price, although still a profit the timeline is a bit too long for me. I had an email this morning from a friend who believes Chariot is a lot less risky than what is currently being said. He must have quite a few.

I appreciate I am just spouting off about random companies now...do you have any opinions on Victoria oil and gas? Their cameroon (looks like I'm obsessed with Africa ) project seems like a nice little earner, first gas sales end of this year. They have plenty of it left to explore, so should increase reserves further. Plus the beauty of it is that they have just acquired 95% of the project after one of the partners couldn't stump up their costs. The only issue perhaps is they may need to raise another £10 mil to develop it now, a possible dilution? They also have this other potentially massive project in russia, but that is a long way off. I'm targetting 12p+ short to medium term.

I have a theory that you should still be able to make money in these type of shares even if the wider economy/market doesn't do to well. What I am thinking is that the element of risk has been poorly priced into all of these AIM shares at the moment. That is the prices of most of them are really low at the moment because people think they are risky, and there is minimal value factored into prices based on the potential of the company (as it was during June 10 to April 11, or before 07). This is a problem if you are trying to make a quick buck, because it simply isn't going to happen, but if you are prepared to hold for 3-5 years you should be ok imo. When eventually the company you are invested in starts to get some proper cash flow, or has a major discovery booked, then you should see a rerating accordingly. Until then all the good noises coming out of the company will go unnoticed. Of course you also need to make sure you invest in things that are already well funded, as it could get quite tough to raise cash in the future if things go belly up (although the fact that barclays lent HP $8 billion the other day for the autonomy purchase might suggest things aren't that bad).

Of course if oil prices crash then most of these discoveries will probably get left in the ground until it recovers.

What are your thoughts on gold miners banwana? Surely it is about time they exploded to the upside? I have noticed the gold bugs index is close to breaking out, I know people in US/Canada watch this a lot, could be a great time to buy miners? http://finance.yahoo.com/echarts?s=^HUI+Interactive#chart1:symbol=^hui;range=my;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=off;source=undefined

any thoughts on good small/medium cap gold or silver miners?

bubbling up nicely now.

There are announcements about gas contracts tomorrow, and cadogan could well be involved in partnership with eni.

There are also suggestions that some russian companies are interested in buying cadogan.

http://www.epochtimes.com.ua/ru/ukraine/economics/rossiyskie-investory-skupayut-aktsii-ukrainskikh-neftegazovykh-kompaniy-99213.html

Could be an excellent Monday for ORE holders even at 1p. As for CAD, I can't see this going over much more than £1 unfortunately. The board is being Italianized!

Don't think SPQR are going to want to sell out on the cheap are they? This works in our favour, unless you believe they are a shill for ENI somehow. The directors all have financial interest here so again will not want to sell out on the cheap. If a bid comes I believe it will be for at least 125p (especially as cad's own broker is stating that price) but I'm hopeful this will remain an ongoing concern for a while yet.

at least my main buy is boldly weathering the storm......i'll probably now regret saying that sometime soon

looks like something is happening today.

50.5p - 51.0p

Doh! i've had some more in my sipp, sold something i'd made 10% on and bought these again at 37p GLA