That should make interesting reading - cash, cash and more cash. Wonder if the media will pick up on cash in bank being more than market capital - maybe even give it a 'share tip' now wouldn't that be something.
Thanks for the link below, IMO market makers are just squeesing retail investors out at these levels and will than start buying for their larger institutional clients. It looks to ne that it has settled here and will now slowly move up once the sellers have dried up. 'With the remittance of the cash element of the recent Lukoil and NewAge transaction ($165mm), the Company has been provided with much needed breathing room, and given the amount, a significant amount of flexibility. To be frank, that there has been a delay has worked for Bowleven, as it has put it in as strong a position as it has ever been, and given the decline in oil prices, the resources it now has at its disposal will not only go further on its own assets (given the decline in costs), but the dearth of liquidity will also create additional opportunities for it to persue.'
Being invested in this share sometimes feels like wishing one's life away. Roll on this date, then roll on that date. Those dates bring more of the same - nothing! People have been very burnt by trading bigger oil stocks (eg Tullow Oil) - and are very cautious right now. This share is suffering due to macro economic conditions - which continue to look bleak. I hope I am proved wrong, but in the meantime, I'm going to get back to my dance classes, and just set my price alert with the London Stock Exchange.
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