So seeing oil back over $35 today and Russia/Saudi/OPEC edging towards production cuts. If I put all this alongside the fact that oil demand is also up - could we see a sudden lurching higher of Caza (which I own) share price?
As far as I can see, CAZA have a clear run for 5 years, provided that they can pay the annual interest on the loan . There are just a couple of things . First the price of oil v/v their break even point. Second, they need to get drilling more productive wells, to increase cash flow (and in that they have pretty well and proven oil in the ground territory). Thirdly. Some luck !
Was wondering that myself - However, unfortunately, it is dead for pi holders. This is set for de-listing from Aim soon, shareholders may not get bought out @ 0.32p when delisted or thereafter,and although the company judging by today's financing is going to continue, it is without value to anyone except the 9.4billion shareholder who own 97.16% of the company. IMO
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