Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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you ignoramus!!! of course it happened.. >9 billion shares were issued to them to cover the $45m debt to Apollo that was called in!! The Jan RNS was for a future revolving credit facility.
NEVER HAPPENED and they got funding from JP MORGAN - 25th January
Hmmm - have they struck gold/diamonds/Kryptonite? This can be the only logical explanation - or maybe it's a typo at AIM... My average is 14.4p so let's hope they found some more...
With enough profit for a good night out down the boozer ...... RESULT !
price hike was to get the big boys out. this is a dog,
Stung £60 haha!
Some dopey trader lost almost £3k in less than an hour. A fool and his money....
Wonder if this will see 5p+ again?
As a FSH (fast asleep holder (LTH)) a climb to 14p would be break even, fat chance.
...until the bell!
fellow US oil shaler EDG is about to join the party. Profit moving there perhaps.
US$45.5m Equity Financing and Debt Restructuring Tue, 15th Dec 2015 08:00 RNS Number : 0654J Caza Oil & Gas, Inc. 15 December 2015
Bought in here about a year ago at 5p. As per new releases on company website, 95.3% of company sold (by issuing over 9 billion new shares) to Talara. As part of this deal, the management managed to issue themselves a shi7 tonne of new shares (now equivalent to 2%) of company. So current share holders own just 2.7% of company. Aka at 1p, this is equivalent to (1/0.027) = 37p/share in old money (aka before last December). Also unaware of any Caza drilling so chance of major success seems about 0%. Chance of pump and dump I'd say 99%. Pretty happy as had totaling written it off, was ****ed management gave away 39/40 of the company after ensuring their own interest was safe. ******s. http://www.cazapetro.com/index.php?id=74&url=http://feeds.mwnewsroom.com/article-caza/rss?id=2013308
"issue 9.47 billion shares to Talara, raising USD45.5 billion for Caza" So how much money has CAZA got in the bank? Must be in the billlions
The company will issue 9.47 billion shares to Talara, raising USD45.5 billion for Caza, which it will then use to repay and restructure its debts to Apollo Investment Corp, YA Global Master SPV Ltd and GSC SICAV PLC. The shares will be issued to Talara at 0.32 pence per share and, after completion of the placing, Talara and the company's management will own around 97% of the company's common shares. Caza shares were up 20% to 0.3 pence on the news, the best performer in the AIM All-Share in early trade.
get ready for the speeding ticket!!! God help those that got spiked!!!!!
of my original investment out of this. MC looks daft, finally took the hit on this poor investment. No idea why this has spiked except momentum and herd mentality
Has been 22p and low of 0.23p it's just knowing when it's going to move!
RNS from December..
i assume so - you would have thought it was for full repayment of the debt element only
bit risky now.
To raise USD$45 billion?? Is that a misprint?
There is no RNS to state this IF SO - there are going to be a lot of people crying here
No idea peeps have just been riding the wave. That's what a punt is. Some pay off that's the gamble. It is AIM !!
Bid price is offer price!