Member Info for marineclark

Assuming close at this price, breakout confirmed . We were stuck in a consolidation period, for just over 2 months, but today have managed to break out of that range at last. I see the next target 8p, and then higher. its is normal for price to pullback slighly a short period after breakout, but as long as it doesnt break down back into the consolidation period then we should be ok. Enjoy the ride folks. As for talks about which share to buy, I prefer to buy the share currently experiencing momentum. i,e this one. DYOR....

Thats fine mate. If am wrong am wrong. Nothing wrong with differing views, otherwise life would be dull.

I forgot my DYOR. I wouldnt advise anyone to invest money they cant afford to lose.

Not Friday gooner. As I have already posted, I'm betting double between now and mid drill. If I was an investor, I would be looking at 2 to 3 years time frames, not months, which is what I suspect you are, an investor, though it seems an impatient one. If it all goes bottoms up then so be it, that why shares are risky, but like the lottery, you have to be in it to win it.

A sensible plan, is to buy now, and wait to mid drill, and then sell half after its doubled. Then free roll the rest into the drill results, which if it comes good, will multibag the share price. Of course, if you willing to risk it all, and as boom says, the chances are very good, then profits will be even nicer indeed.

I've been trading in and out of about ten different companies the last year, and profits are about 300 percent, with one bagger and three two baggers, so I do know how to pick them. Though it is my risk managment that keeps me from big losses through correct position sizing.

Not Friday gooner. As I have already posted, I'm betting double between now and mid drill. If I was an investor, I would be looking at 2 to 3 years time frames, not months, which is what I suspect you are, an investor, though it seems an impatient one. If it all goes bottoms up then so be it, that why shares are risky, but like the lottery, you have to be in it to win it.

A sensible plan, is to buy now, and wait to mid drill, and then sell half. Then free roll the rest into the drill results, which if it comes good, will multibag the share price. Of course, if you willing to risk it, and as boom say, the chances are very good, then profits will be very nice indeed.

I've been trading in and out of about ten different companies the last year, and profits are about 300 percent, with one bagger and three two baggers, so I do know how to pick then. Though it is my risk managment that keeps me from big losses through correct position sizing.

This isnt the SOU chat, but I just had a look, at March low of 1.30 it rallied to 3.10(char went from 2p to 14p), then about a week it ago it dropped back to 1.30(char held some of its gains). Nice jump today, but who wants to buy in after its jumped 50 percent. Better to take your profit on SOU if you made any, and buy in here. But thats just me:)

As a trader, not investor, I don't have the patience to hold any share for more that a few months. However, in this case, I'm prepared to wait 4 to 5 months here for what I expect will be a two/3 bagger from here when the drilling starts or to mid drill.
An extra year or two for investors doesnt sound that much of stretch, as long as the gas doesn't disappear, than that 325p unrisked valuation will be realised eventually I'm sure.

If risk is a concern then as savings rates go, a 1 to 2 percernt APR, might be a better option.

Don't mind me Gooner. I know that feeling all too well.

I think that the assets here speak for themselves. However, I look at the technicals first and while not perfect, a base has formed over the last two months, where suuport is strong at the 5p level. I did try to trade the breakout through the 5.8 - 6p level last week, but it pulled back back into the base, and put me into a loss of just over 10 percent, which is my stop loss area. If it had continued falling I would have closed my position, but it bouned back. A breakout of 6.5p will take us back to 10p. I usually like to have a 3 month base form before i buy, but as I didnt want to miss the run up to the drill I got in a bit earlier.

Good work there Mniy, more people who know about Char the better. Don't mind Gooner, I think his average is 10p, he sounds a bit peeved right now. Its going to be an exciting few months. In the last year I've had a 5 bagger, and 3 two baggers. I'm hoping to add a another 2/3 bagger here.

I'm predicting 10-13p at the midpoint of the apprisal drill. If the results are good, a 5 bagger sounds good.

Institutional investors, it seems, don't have time for pre-producers only post producers because they care about companies that have earnings, and they are happy to pay at a higher price when everything is derisked than to buy loads when the price is in pennies and risk losing it all. As PI's we are risking more , at these prices, but with greater returns. I understand the risks but a 2:1 or 3:1 ratio of risk to reward is a good one for me . I see at this price a two or three bagger ahead in the not too distant future. Once the drilling gets going, I will take some profit and run the remanining shares until the appraisal drill results. If the results are good, than the price will be miles above the current price. A little patience is required for the price to run up, but as soon as the news has come out that the drilling has started I would be suprised if the price is still at current levels. I prefer to buy in now, in this peroid of consolidation, than to buy much higher where the risk reward is less favourable. But DYOR.

According to the Investor Chronicle's article, this has a risked valulation of 23.5p on Anchois contingent resource(sands A and B) and 325p unrisked across Lixus license including Anchois. The fund raising was priced at 5.5p, which is where we are now. Also, the article states that Char have already recevied two development funding approaches from instituonal lenders to fund the capital expenditure($350 milllion) to beinbg project on stream.

Its common in AIM oilers for the price to rise in anticpation of the drill and more so during drilling, even better that this is a low risk appraisal.

I see multi bagger potential from this price, which is why I'm in. You only need to see speed of price movments here. Appreciate that if you bought much higher, that you are going feel some pain, but for traders(a few months hold) this is looking good IMO of course.

I bought in to Char late last year at 2p and sold at around 10p - it did hit a high of 14p - so 25p seems a little wishful, though thats not say its impossible. At current prices which is where I bought in again , I am expecting(hoping) that as the appraisal drill start date approaches, many will buy in expectation of the results. My strategy is to buy in now, while we are fully funded for the drill, and sell before the results come out, at least half. Might free roll the remaining in the good chance that the drill results are good, it is a low risk drill so chances are good. its been almost 2 months since the drop from 8p becuase of the fund raising, and the price has stayed pretty much in this region. I consider that sufficient time for a base to form, and that we arent going to go lower again, but who knows- thats what stop losses are for, in case I'm wrong. What I do know about this share when it moves it moves big, and as drill approaches I do want to have position in this to take advantage. But in AIM, anything can happen. id the drill results come good, 25p Im sure:)

Not long now till the drilling starts. Would expect the price to double or triple from here when it does gets going. Markets down today because of virus surge fears but as more people are vacinated the markets will recover soon. Markets were due a correction anyway, so hard to tell how much was because of the actual virus worries. A short term hold here at these prices will no doubt produce good returns. But DYOR.

Maybe the oil and gas evaporated when it was exposed to the sun, or garlic?

THanks Cornish. Looking forward to the drilling results. Cheers.

Giving that when Aim oilers go drillng for oil and the chances of finding it are 20 percent, which means an 80 percent of failure, and typically a 50 percent drop in the share price, what are the odds of failure with this drill? In my stupid days many years ago, I would hold for the oil drill results, trading more on hope than probabiliies. Mining drill results seem safer than oil drills, so I'm not expecting a massive downside in case of disapointing results, but anyone care to guess/calcuate the probailties of a successful drill here?

I have support around 39p. thats where my stop would be if the price closed below this level. No idea why afu has a stop at 43p in the middle of nowhere it seems, but who knows fisherman afu could be a genius. But of heavy selling today, but recovered a little towards the end. The markets went down because of interest rate news last week's spillover, but fed news today has calmed the markets for now.

I'm back in. Technicals starting to look good again. Placing out of the way. WIth farmout news aproaching, expect the price to rise in anticipation. This is a good time to get again before the action starts. DYOR as always.

I sold half of my Parkmead shares(PMG) to buy in here a few days ago. Both PMG and SLE are lower risk shares to invest in because the share price is supported by **** load of cash and with imminent catalysts to spark a price re-rating. SLE is on the verge of a breakout, it has just about but definitive; if it continues upward on monday, that will confirm the breakout for me. Once it breaks, we are looking at a high probabilty trade towards 80p+. This one is a no brainer for me, and a easy two bagger in the waiting. DYOR as always.