Aim is a gang of crooks Don't even try to make sense of share price movements today,the AIm market will eventually be shut down if it's not regulated, which is what is happening at the momen
Re: 100% up miday I struggle to see any reason for a rise - even with news. Good luck to anybody who bought around the lows though.The issues, to me anyway, are twofold.1. The financiers hold approx 98% of the rather enlarged equity. The debt for equity swap saw to that. Thus it needs mammoth improvements in prospects to have any real significant fundamental impact.2. There is an intended delisting. This will suitably lock in any remaining holders for ever. Though there appears to be no news on that either way and it should have been done when the refinancing completed.
My posting from last year, 1/9/15 First of all, a long overdue hello to my friend, Indy, AKA Steve the younger.I've been out of Caza, but watching closely from the sidelines, as I find it strangely compelling, as do many others. I've not commented, as I've had nothing to add to all that Indolent, Charleee and others have stated, usually following careful thought and assessment.Yes, we have the perennial debt problem, cash burn realities, oil price crash, oil overproduction, East versus West politics, in addition to Eurozone worries, and now Chinese negative factors.Nevertheless, the one thing that really impressed me, was the manner in which Ford and the board took the brave step of going defensive and entering virtual lockdown. It is true that, had they failed to do so, the SP may well have done exactly what it did, although perhaps at a later date. It may have been worse!At least they were proactive, and this demonstrates a certain prudence.There is little doubt in my mind that, should the price of oil really recover, despite all the negative forces I've alluded to, in addition to many more that I haven't, Caza, at these levels, has got to be ideally positioned to lead a minor oilies style recovery. It must, surely, be at least a punt for the future. As always, WTFDIK, but good luck, everyone.Steve
FAO Indolent... Hi Indy Those individuals who have bought low, and watched this share go stratospheric, will not know whether to top slice or hold! Your views, my friend? Steve
Re: 100% up miday Thought this was finished ? Good job i held on , but i can not see reason for rise no news ?up 25% @9am
100% up miday Good for MM, brokers and traders.
Well managed... Even when this share was plummeting, along with the oil price, I felt that the management team were behaving appropriately and reasonably, bearing in mind the circumstances. They stopped prospecting, in an attempt to survive.I don't know what the future holds, but I have seen nothing over recent weeks to change my view on this eclectic little minor oilie!Steve
OT Caza and Xel Meanwhile, as GKP keeps falling, caza has gone bonkers, and xel has surged (and genel doing pretty well too)
Seriously! What is going on?
on LSE b/b Hi Pabio2. Sorry, as I understand it, there are the terms of agreement of the loan which is set to run for X years (5 I think) They can't simply call in the loan unless there defaults on repayment (i.e. the agreement), or they are commercially unable to maintain the loan to CAZA. I can't see how they do not have to buy out shareholders, they can offer to buy them out, but that is optional. If they do not sell, then they would still own their shares. There are things that they can do as majority share holders which may conspire though their voting strength to dilute the shares further, but they would only be diluting their own shares at the same time. It does not seem right that Talara would want to end up as an oil company. My feeling is, that in time, Talara will dump shares from time to time, when it is advantageous for them to do so. Acutally the SP for CAZA has rocketed by 18.6% and has been going up for two days. I wonder if an RNS is coming out on Monday.....................................................................................................................................................................and for what I would have if cashed is not worth a night out, so I will see where we end up, so its all a bonus having written it off long ago.
Re: Delisting from AIM It seems at least slightly odd that there has been no further announcement since the completion of the deal since it was anticipated that would be trigger for delisting.I would have hoped that the rules would require the incoming "rescuer" to buy existing stock (or at least offer for) at the incoming price of the confetti.It appears not though.
Re: Delisting from AIM Oh well, bang goes my six quid. Down 99.3% since I bought.....
Re: Delisting from AIM [link] under 'Listing Matters' (about 3/4 way down)"Company confirms that it is its current intention to seek a delisting from AIM in due course in accordance with AIM rules, and to initiate the relevant proceedings to effect the delisting shortly following Closing. "
Re: Delisting from AIM How can they announce to brokers that they intend to delist without sending a prior RNS? I am forced to disbelieve this although I guess they have this morning to announce before the market opens...
Re: Delisting from AIM The last share that I had that was de-listed from AIM prospered and the company purchased all the shares and I made a healthy profit.