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Chariot Oil Share Chat (CHAR)



Share Price: 15.50Bid: 15.00Ask: 16.00Change: 0.00 (0.00%)No Movement on Chariot Oil
Spread: 1.00Spread as %: 6.67%Open: 15.25High: 16.00Low: 15.25Yesterday’s Close: 15.50


Share Discussion for Chariot Oil


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Noirgold
Posts: 306
Off Topic
Opinion:No Opinion
Price:15.50
RE: AIM
Today 19:38
Absolutely DBC, I avoid IPO's. If investors believe anything is a gamble they fundamentally don't understand investing and should go to the casino. Low risk high reward is key. Depending upon your average price, you are basically risking very little for a high return. The negativity towards Larry is stupid. Go and invest in the other 2000 E&P available if you don't like Larry. The oil industry is recovering. The Saudi aramco IPO means the Saudis are desperate for a higher price of oil. They will achieve that. Plus, a supply shock isn't priced in. Let's see. Momentum is with us here.
 
BouncyDeadCat
Posts: 3,855
Off Topic
Opinion:No Opinion
Price:15.50
RE: Well
Today 18:56
FQ320,

In that case - How much did you place on the GCM roulette wheel?
BouncyDeadCat
Posts: 3,855
Off Topic
Opinion:No Opinion
Price:15.50
RE: AIM
Today 18:51
Noirgold, I largely agree but I would add that the greatest risk on AIM lies with the newly listed stocks as they tend to overvalue themselves with little to no revenue streams and vague execution plans.

The main market is generally much safer (although not immune - look at the Tesco accounting fiasco and what happened to Banks in 2008 - they still haven't recovered), having said that, you won't see a 300-400% rise in 1 day on the FTSE - yet those kind of rises tend to happen to one stock or another every month or so on the AIM market.

I remember all the talk on the ADVFN discussion board when I bought into IQE *Bad Management don't know what they're doing *Share Price hasn't moved in years *BoD Can't make deals *The company can't make products that make money. Boo, hiss, blah etc etc...

but I cut through all of that and saw a company with a pipeline of products that were about to be launched and they had a major (Apple) as a partner. It was a good bet although I had to wait nearly a year for the rise.

I don't tend hold any more than 3-4 AIM stocks at any one time.

Picking is hard - if it were easy - we'd all be making shed loads of money hand over fist. And that's why I enjoy seeing others make money - including FQ320.

Luckily (for me), I make more than I lose.

I have quite a few CHAR. I'd top up more but I'll wait for news on Namibia first. I'm 80% confident news is coming, I just hope it's a partner rather than a solo drill, although if it's a solo drill you can be as sure as eggs 'Cautious Larry' is confident of finding oil in the prospect.

I don't get the anti-Larry sentiment some shareholders on here have - I think he's a fantastic CEO. I guess some shareholders simply over-extended themselves in the past and blame him for their own mis-judgement/timing and a slowing of the exploration environment.
FQ320MR
Posts: 5,334
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:15.50
Well
Today 18:46
For me the AIM is still roulette easily controlled and swayed but what do I know ; ))

MR
Noirgold
Posts: 306
Off Topic
Opinion:No Opinion
Price:15.50
RE: AIM
Today 17:56
AIM is at its strongest since inception. The notion that AIM is dodgy or whatever is wrong. It's a stock pickers market. AIM is down to about 970 companies. Many of these are growth related and very well positioned to outperform the market. Remember, the main markets are being puffed up by passive investment streams so there isn't much value there. The PE ratio of the main index is ultra high. There is value on AIM but you need to DYOR to find it. CHAR is definitely in that category. Be careful about holding outdated views that may have been correct in the past. Just to be clear, risk and volatility are two separate thing. CHAR at 10p or 35p are essentially the same company. Sentiment can change whilst fundamentals catch up (ie. If at RD1 we hit paid dirt).
BouncyDeadCat
Posts: 3,855
Off Topic
Opinion:No Opinion
Price:15.50
AIM
Today 17:17
There is a lot of dross on AIM, but when you hit on a good one they really can fly, almost unrestricted in some cases.

I bought 200k IQE just over 2 years ago for 19p. It didn't move in price for the first year I had it and now it's 138p. I sold half (too early) at 80p. They are out there..

But you've got to accept the risk of course.
BouncyDeadCat
Posts: 3,855
Off Topic
Opinion:No Opinion
Price:15.50
RE: Cheers
Today 17:03
FQ320, To me, the recent rises in GCM and/or JOR just goes to show when good news and buying (the perfect storm) meet on an AIM minnow, they can really motor the SP.

I hope it gets to a quid for you.

If CHAR strikes oil in one of it's next 3 wells then it'll see something similar, albeit even more so (notice I put the 'if' at the start of the sentence :)
FQ320MR
Posts: 5,334
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:15.25
Cheers
Today 16:50
Cat - the AIM ain't what it used to be its harder to win so when a beaut like GCM comes along I tend to spread the word.

My 3 Rd ride on that pony but this one looks bigger

MR
BouncyDeadCat
Posts: 3,855
Off Topic
Opinion:No Opinion
Price:15.25
RE: Wonder
Today 16:43
'If Bouncy dead cat wishes he'd taken some GCM now'

No, the timings of my larger top ups on CHAR means I'd still be slightly ahead on CHAR regardless. I have a large position in Amazon and I'm not prepared to reduce that to buy anything else - especially on AIM. But I'm glad you're making some money on it. I don't begrudge anyone making profit, so I hope it continues for you.
FQ320MR
Posts: 5,334
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:15.25
Oh
Today 16:36
Gooner - this is my third ride on that pony she's a proper winner.

Bouncy ; ))

MR




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