Spitfire Oil Share Discussion Threads

[tara7] 21/3/2014 08:11

Looks like others are not of the same view.

Up again,looks like about to breakout on the chart.

[poleaxe] 20/3/2014 15:35

Too many if's not enough action

[tara7] 20/3/2014 12:04

If you can buy £2.00 of cash for £1.20 and get a load of asset value thrown in for free,you will in my view not go far wrong.

If we then get an RTO it makes this stock low risk high reward.

[tara7] 20/3/2014 11:37

Buyer in the back ground.

[double6] 20/3/2014 11:34

.....blue again.

[tara7] 20/3/2014 08:33

Buyers back in this morning.

[hitch19] 18/3/2014 19:02

Someone churning 25ks. Mmmh

[tara7] 18/3/2014 08:52

Buying started today.

[tara7] 17/3/2014 09:26

Up she goes

[hitch19] 15/3/2014 13:24

Just a thought but after being turned down have they turned their attention to SRO. 3 years to complete due diligence, possibly make an increased offer?"ASX-listed energy company Blackham Resources reports that it has turned down an unsolicited cash offer of $15-million for its 70% interest in the Scaddan Energy coal-to-liquids (CTL) joint venture (JV), in Western Australia (WA)."

[hitch19] 15/3/2014 13:24

Just a thought but after being turned down have they turned their attention to SRO. 3 years to complete due diligence, possibly make an increased offer?"ASX-listed energy company Blackham Resources reports that it has turned down an unsolicited cash offer of $15-million for its 70% interest in the Scaddan Energy coal-to-liquids (CTL) joint venture (JV), in Western Australia (WA)."

[tara7] 14/3/2014 12:57

Level two rock solid after the 20k sell 3 v 1

[tara7] 14/3/2014 11:32

As I said above the cash alone is like buying a new build house for half price!

Keep thinking those options of the directors mean they would want first a 12p share price then ten times that.

Thus deal has to be done within the next two weeks to = the best result for them

[hitch19] 14/3/2014 10:01

Something brewing here. Try buying even a small amount. Straight to NT. Orders to fill. Can sell full holding in one go but can't buy with pocket money.

Standby Standby

[hitch19] 14/3/2014 10:01

Something brewing here. Try buying even a small amount. Straight to NT. Orders to fill. Can sell full holding in one go but can't buy with pocket money.

Standby Standby

[tara7] 14/3/2014 08:45

Directors options at 12p go down the pan at the end of the month if share price is lower.

If they have a game plan we will see it in the next few days.

MM STILL 3 V 1

Buyer in the wings.?

[tara7] 14/3/2014 08:23

9630 buy yesterday @6.75p

9630 sell this morning

Well the MM LOVE THOSE KIND OF TRADERS!

[tara7] 13/3/2014 21:03

All this for half price.!!


"As always, the Company continues to evaluate these opportunities with its first and
foremost goal to obtain an exceptional return for shareholders. It is with that, and only that, aim that
the Company enters the new financial year."

[tara7] 13/3/2014 21:02

SRO


The Company has continued to investigate diligently and systematically a large number of possible
acquisition opportunities. As is normally the case, the vast majority of these opportunities are
uneconomic when taking into account capital costs, operating costs and return on equity. A very
small number continue to have substantial interest and the Company continues to proceed with due
diligence and commercial discussions to ascertain whether a viable transaction can be
consummated. As always, the Company continues to evaluate these opportunities with its first and
foremost goal to obtain an exceptional return for shareholders. It is with that, and only that, aim that
the Company enters the new financial year.

[double6] 13/3/2014 20:24

Bear in mind that in last full accounts they mentioned they had been in discussion with possible jv partner for the lignite resource.
If that ever came off, the value to spitfire would literally be tens of millions of £!

[tara7] 13/3/2014 19:58

Ten years ago NTA had a market cap of £620,000 and went on to make £65M

AGL my share of the decade 12p to 90P

WSG 8P to 80P

All unloved but cheap that have paid off big time.

SPITFIRE HAS HEAPS GOING FOR IT IN MY VIEW

[tara7] 13/3/2014 19:47

They could also trade the mine rights overnight valued in the share price at ZERO.

CASH ALONE IS ITRO 11P right now.

Net cash!!

[tara7] 13/3/2014 19:43

THAT IS ONE POINT OF VIEW.

HOWEVER IT WILL NOT MAKE YOU RICH AS THE ALL TIME LOW BUYING PRICE WAS JUST UNDER 6p

Now,I have made 5, 10 30 and 70 bangers from stocks just like this.

It is low risk as the cash backs up the share price and a deal could make you rich (over time.)

Company knows the value and has been buying back the shares.

Keep an eye out in the next 14 days as directors options are worthless if the share price is not above 12p by 31/03/14.

[up just a little bit] 13/3/2014 19:35

And I would take the profit.
I would not stay in and pretend that a company producing nothing was going to be the total cash value realised in the share price.
On paper I would agree with you but the reality says that you have a profit so take it and go on to make more with another company.
If you think you are getting the cash value divided by the shares in issue then check yourself into the funny farm
You have done well do not be greedy.
Regards.

[poleaxe] 13/3/2014 16:54

i would prefer the cash in my pocket not theirs.