DelBoyTrading
17 Nov 2015
Re: Frack me! - don't shot Indolent,Care to enlighten me what I am indenial about exactly? The fact that I am always optimistic about stuff? Perhaps I should stare down a barrel of a gun, like you seem to do on a daily basis even when things are going good....Anyway, you know absolutely nothing about me, but the one thing you do need to know is that I dont lie and i'm sure my mental agility far exceeds yours on a daily basis, however I hope you do finally grow a set and invest some of your money (if you have any) into the stockmarket and quit sounding so miserable
indolent
17 Nov 2015
Re: Frack me! - don't shot Delboy in Denial,If you had the mental agility to match your arrogance you would recall that it was you who picked at my posts. I've noticed the same tendency with you over on XEL which 3i BB I look at from occasionally out of curiosity. To real investors or traders I hope you get a break with Caza ultimately.
DelBoyTrading
16 Nov 2015
Re: Frack me! - don't shot Indolent,You seem to have this weird obsession with me and I have no idea why. No problem though, whatever turns you on....At time of writing that post, no one was to know what was going to happen to the oil and gas industry and Caza were in a very strong position, therefore I'm unsure why you have brought this thread back up?....perhaps it's to gloat at my loss? Unfortunately, for you though I am in a very lucky position due to the markets pessimistic take on things and as I have already stated on another board, I have the money and the time to wait for the industry to return to a decent state. My holdings have increased and my averages have reduced which in turn will hopefully make me a nice sum of money within my portfolio as a whole. On top of this I have added some new companies, ones who have the cash to see this through and have the potential to grow significantly, very quickly, even with oil being at the low price it currently is.So again, am I concerned with the current environment? No. I can now argue that my portfolio is a much better state than it was before, the current downturn in the market has allowed me to buy into some quality companies that can ride this through quite easily, something that the higher oil price didn't allow me to do. High price of arrogance? Not quite. I now wait the increased acceleration of the decline in America's production. Have a nice day
indolent
13 Nov 2015
Re: Frack me! - don't shot Delboy,I put your tips in to a portfolio page on some tracker software to help test if I was being over cynical about small cap oilies. Notwithstanding no one could have predicted anything like the extent of the move in oil obviously I was not being overly cynical. A blast from the past from you:"I have 25K invested in here and have an average shareprice of 21p. Am I concerned about progress, debts etc? No"and"I will be investing more as the new Tax year arrives come Monday. For reference KEA, CAZA, XEL and HUR will be invested inAverage prices - 11p, 21p, 165p and 0p - Am I concerned? No"The high price of arrogance assuming you're a genuine investor.
II Editor
02 Nov 2015
NEW ARTICLE: The Oil Man: Ithaca, Ophir, Caza, Range "WTI $46.59 +53c, Brent $49.56 +76c, Diff $2.97 +23c, NG $2.32 +6cOil prices ended the week and the month up, without blowing the doors off. WTI was up $1.99 on the week and $1.50 for the month, Brent slightly less well at $1.57 and $1.15 ..."[link]
uniformtango
02 Nov 2015
Re: A view - + insult to injury Hi IndyAbsolutely! So sad...Steve
SierraBravo
02 Nov 2015
Re: A view - insult to injury The follow up RNS has occured. Still persuing and apollo showing signs of impatience. Extension for another month (at what cost?) and continuing attempts for equity investment to cover all the debt.With a mkt cap of 1 million GBP And debt of > $50 mln dollars that would imply new shares of something like 7 billion to clear the debt via equity. That is, as they said, significant dilution.The problem is that won't actually help that much. It would largely just maintain the status quo. It wouldn't give any capital for development.It would though, reduce the cost of servicing the debt which would at least theoretically allow the build up of some capital to develop the assets.If they do get an equity offer away then existing holders are going to be royally shafted, unless it is an open offer of some description. At least that give the choice of subscribing for some of the new capital.Apollo hold a lot of power, which does rather force Caza hand. The assets though are being carried at $75m, Leaves overall $25 m off after paying off debts so if the book valuations are realistic ther should be some chance of recovery in time. But the cas burn is constantly eroding that. and it is not a sellers market.
indolent
01 Oct 2015
Re: A view - + insult to injury Hi Uni,A TV trader in my neck of the woods made a mint shorting oil for months. A month to six weeks ago he covered and went long. He thinks it'll be back up to about $80 well in to next year. I doubt it and also hope not. Rather let consumer driven economies grow a bit on low commodity prices, particularly oil. But hey, maybe he'll make a mint again i.e. with his long trend trade. Adding insult to injury here based on the last two trades (before 16.30 p.m.) the spread was 4.5%. OK it's been worse (as it may have been earlier today) but anyone selling out to buy back lower to trade in an effort to offset their losses would be paying in the region of 10% to cover both ways. Horrible AIM. Despite what I said about below 1p, I'm leaving this and others of its ilk well alone. Of late it's been a bit too Petropavlovsk-like for my taste these days. First step (which may be regulation) is the warning RNS which to me is akin to a knee to the stomach. Then the knee to the nose on the way down being the follow up RNS to come. Pity though as that strategy reengineering a couple of years ago could have been a positive game changer. It just wasn't to be. Indy
SierraBravo
01 Oct 2015
Re: They openly..... "no brainer".As in having no brains if you go for it?EDL has gone from 2.50 to 0.05. A loss of 98% since 2011. Maybe it is about to turn around and I wish you luck. But it hasn't had much of that in reality....
sausage_on_a_stick
01 Oct 2015
They openly..... ....admit, that if they manage to do a deal to survive, then survival "is likely to subject the Company's existing shareholders to significant dilution."They either fold or massively dilute.If you want to get in low and see a rise, try Edenville Energy (EDL), all paperwork associated with mining licence approval submitted yesterday to Tanzanian government. Just a waiting game now before mining licence approved (mining environmental impact assessment in the bag already). Edenville working with SEPCO, Chinese coal fired power station builder. Tanzanian government need cfps as part of Energy Policy to expand national grid into rural areas, and to get share of Pres Obama's $4bn Powering Africa initiative. NO brainer!!
Ripley94
01 Oct 2015
Down 53% I agree Aim just is not worth the aggro .Its for the broker types with inside knowledge who get in low pump and profit.This was one of malacys Tips , he will not mention until he has already acted.
jaja
01 Oct 2015
this is over. WRES can make up your lossess
divvent argie
01 Oct 2015
Re: Another disaster I was already 95% down on a small investment so the news is no surprise and I'd all but written this off anyway. For ordinary investors this is the end I'm afraid. Further dilution would only leave me with sufficient funds to buy a fish supper but perhaps bankruptcy would be better then I could move on. Not my only AIM stock any my others are poorly so no more AIM for me and its back to concentrating on the main index
SierraBravo
01 Oct 2015
Re: Another disaster I think it could be very bad. Ok, they sort out a refinancing via equity investment. They also warn of "significant" dilution for exisiting shareholders. That means - to me at least - pretty much eradication.Carrot maybe there is some for of open offer, though I wouldn't bank on it.It is, I think, absolutely diabolical news.
5 Iron
01 Oct 2015
Another disaster Oh dear- where do we go from here. Anyone know just how bad this is going to be? Didn't think it could get much worse. But it just did. Not a deramp- just feeling sorry for myself!
