It happens all the time - the last placement on Chariot oil was at 14p then a 20% discount - now it stands at 6p - in the real world the CEO would be history in the AIM it's business as usual - spin the bottle !!
This Co. may look like pocket change to some Russian Billionaires for the longest time but no one bar Natlata have ever shown the slightest bit of interest, and Ptr is surrounded by big Russian oilers...!!!!! The only problem with Natlata is that they want Ptr for bugger all and that may well just happen.
No need for apologies. Best of luck to anyone who can make a quick buck, after all that what we are all here for. Right.... Good to see that you have some belief in this company after all. Natlata may not be as far off as you think they bought in here a large portion for there holding close to these level before the farm out to Oil India. They could buy out complete company for 15 Mil at this stage. Pocket change to some of these Russian millionaires. That would be some value. Infrastructure alone is 25 Mil Plus, not to mention reserves. Lots of companies in the sector under valued purely due to PoO.
Only one winner here, Natlata to buy. They don't hold 21% stake in this company for noting. They may even know more than some of the well informed people on here. As sure as pigs don't fly, oil price will reverse the trend at some stage... Not all of us have the money to sit on.... Not even this board of director can be blamed for the extended drop in PoO. Still some positives 3 horizontal and 4 verticals to be completed on fully funded development program, Hopefully further success on this front and may what stem the negative sentiment
Happened to Natlata or General Invest hoovering up these shares ? Dyson broke ? or perhaps they've decided to let it fall and pick-up the bits at a snip - usual way these things end up - why buy at 4\5 when you can have the whole shooting match at 1p ..
Buy enough for a controlling interest and short her down to near extinction then mop up - who knows but it's a thought
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