Carpathian Resources Share Discussion Threads

[peter2222] 31/5/2007 12:08

Thanks for the reply deepdriller

[deepdriller] 31/5/2007 12:06

peter222, No! Actually I think we are going to continue to have a pretty sharp sell off. This was partly triggered by that huge rise overnight in oz the day before yesterday when the market got clearly overcooked and now I think there is going to be a big washout of short term speculators. It is difficult to predict price levels meaningfully, but I would imagine we could stabilise around 7-8p and start to build a base from there. Fundamentally the stock is only worth about 3p, the rest is speculative premium, so those who say nothing has changed and therefore the share price should go up again, might want to ponder that.

However, I do still believe the stock will end up at around 25p, although I would qualify "fairly soon" as meaning two to three months (which is given the magnitude of the rise, is "very soon" by general stock market standards). The sharp run up did the stock no favours and has detracted from the game plan, snippets of which you can glean from the public announcements.

[breathdeeply] 31/5/2007 11:58

the first buys of the sequence (at 10.40am and 10.45 am respectively) are the two trades at 10.30p. I tried my self to place a dummy order (such a shame I run out of cash): there was for few minutes (and only for orders of at least 5000k shares) a spread of 10.25-10.30p.

Good recovery ahead

[cezary] 31/5/2007 11:58

I am sure the buyer will appear and hoover up again

[nicebut] 31/5/2007 11:51

Is the buyer still here?

Interesting T trades going through or are they sells, I guess they are sells being made to look like buys??

[peter2222] 31/5/2007 11:22

deepdriller - 25 May'07 - 16:21 - 469 of 743

Yes Mongrel04, 25p is on the cards, and fairly soon.

Deepdriller - Do you think this is still going to happen?

[breathdeeply] 31/5/2007 10:44

May I add that after the huge recent rise of more than 500% from around 2p, today's retracement of 13% is rather small and totally predictable.

[nicebut] 31/5/2007 10:35

The serious buyer is having the day off! but i bet he does return

[breathdeeply] 31/5/2007 10:17

NOTHING HAS CHANGED IN THE COMPANY

This is a healthy retracement that has got rid of weak holders

Serious buyers are coming back.
Very good opportunity to add at cheap price.

[cinoib] 31/5/2007 08:43

Sir,
I make it 11.5 bid to be =So 10,875 is well below.

[chopsy] 31/5/2007 08:42

The company's new strategy is, however working well. If the shareprice settles at around 8.5p, (which I think it might), they may be able to raise new money for an acquisition at about 6.5p, which will be a great achievement, more than double the recent placing. If that asset performs well, they may be able to raise money for the next acquisition at higher prices again. That's the theory, anyway.

[zengas] 31/5/2007 08:25

breath

your post on Friday was last chance to get in sub 50p.
Yesterday you were calling it a blood bath - now an opportunity to test new highs.

The fact is nobody knows what's going on, but it had reached a ludicrous valuation of £36m yesterday with just £3.9m cash and no assets added. How do you envisage these are going to be paid for without a further overloaded valuation happening. The share price had reached circa 13p, i'm wondering if the directors etc saw that these were worth so much why wasn't more value extracted over and above 2.68p.

[breathdeeply] 31/5/2007 08:14

Great opportunity to add cheaply

A share cannot go up for ever in a straight line.
A very healthy retracement in preparation to test new highs.

We needed it!

[chopsy] 31/5/2007 08:12

some of you guys are crazy

[papillon] 31/5/2007 08:11

nathan is correct.

[nicebut] 31/5/2007 08:10

Nearly top up time.

[anval] 31/5/2007 08:09

nathan2 - na dont think so - looking to get cheap CPN shares are we!

[nathan2] 31/5/2007 07:49

the tide has turned this will drop like a dead duck

[anval] 31/5/2007 06:39

small shake out today for Aim i think, homerk76 thats fair play but i was looking for a little higher than that when this new outfit gets into gear.

[sir josephs mate] 31/5/2007 06:30

14% brings in back in line with Uk dont it?

[homerk76] 31/5/2007 06:06

oh well, decided to sell up today. Looking at aus and saw it down by about 22%, so thought, what the heck, made 165% profit so thats cool, will keep watching though, will probably go up to 35p!!!!

[homerk76] 31/5/2007 02:31

good volume, but are they mostly sells?

[stig2] 31/5/2007 01:40

Good volume though!!

[homerk76] 31/5/2007 01:31

looking bad at the mo, down over 14% :(