Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Being walked up on no volume. What a joke aim can be. Market cap higher than peak. Billions of shares in issue. Avoid imo
Vernony - if you've doubled your money, I'd definitely consider selling some, perhaps half. Anyway, good luck
market cap for this was £79M in 2010 at 66.25p. Now £68.2M or 57p in 2010 shares!
28.7p now in old money. LOL
Perhaps Stealth mode buying..
Someone knows something here. Held mine for ages and nice to see a rise!
Yep, true, it could be market games, always that danger.But is has been more, or less persistent over the past two weeks and market skimmers tend to drop in and drop out at even the smallest of rises . I don't think it can be insider dealing either, because of the previous time lapse, and we would have had the RNS by now . So it looks like it might have been tipped by some obscure investment magazine. Luna Chronicle perhaps ! I am not going to argue with them though, Those moon people can see a lot from up there and I appreciate it, I've doubled my money already :)) (or at last should I say !)
Incredible, the rise continues. I've wasted nearly £20 getting out too early. Or, if I'd bought loads @ 0.25p thinking perhaps it would be a good bet for being bought out by the company at the 0.32p level, I could now have almost doubled my money. Don't know what is going on but am pretty sure the rug will be pulled from under this one any day. Vernony - I really think you've got to be very careful here. Anyone buying in now - well, very risky, very very risky. Anyway, each to his own, good luck to anyone still here.
Yep - we're not so dumb, eh! Whomever is buying in to this PoS are nuts as you so rightly point out, Phoebus...
Have folks lost their marbles? SP is up about 100% in short order, but there are way more shares in issue than in 2014 and the market cap is epic. At the 26.5p peak in 2014 the market cap was £54.0M. Today it stand at £53.6M. I know the debt position has changed, but the oil price has fallen from $100 to $35. I think folks are seeing the low SP number and a nice shape on the chart and think this is cheap. Be very careful.
Beginning to feel very superior because I did not dump my shares : ))
Looking good here today!
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
Just looked in to see your thoughts. I've just taken my pittance and really can't see much ever happening for PI's. The big RNS stated they might well leave Aim and basically go private. Apparently, they do not have to buy out all shareholders so one might be left holding an untradeable asset. If they do buy everyone out I believe it will be at 0.32p. Anyway, good luck to you, I probably won't look in again until a serious RNS comes out or somehow the sp gets moving north.
I hear you, but it may not be that glum. The new share holder will presumable wish to make a profit on those shares and will endevour to push to company to succeed. If they manage that, even the paltry few shares the PIs own will rise in line with the majority of all shares. Of course they may wish to dump some of their shares, as time goes by, if it is profitable to them. If they do, then more shares will be returned to the market.I don't see the need for the majority share hold to buy out. They already have enough voting shares to do what they like to the company. The fact that they haven't seems to indicate that they just hope to make money from the arrangement, and do not wish to run an oil company
Taken the plunge and netted after dealing costs £21.88. Now that's a pretty poor return on my last £1000 that I had invested in Caza. I always though it strange that the Board kept borrowing and borrowing to fund expansion after expansion to one day bring home the bacon. Well, it never came and don't think this company will be paying salaries to our Big Boys much longer. Vernony - I was wrong, it's worse. Talara now own 95.3% of the company and our illustrious board have seen it right that they should own 2%. That leaves 2.7% of the company for everyone else to scrap over. Anyway, sorry it's worked out this way and I did make some money a few times out of Caza but it all went back at the death.
Vernony - I haven't got rid of my shares and last time I looked they were worth about £25. That may have now risen to £35 and that is getting tempting. On the cataclysmic RNS a few weeks back, we were told we might get bought out for 0.32p before or after delisting. But on the whole, Vernony, I realise, unfortunately, it's all gone here. We can hope, we can pray but it's all been diluted away. Top-of-my-head, we only have about 7.5% of the company left, don't we?
Same boat, LTH at 14.5p avg. I was in when it went to 20p (twice) my own fault really. The Saudi's have, hopefully realised that US shale oil is not going away and they have shot themselves in the foot, now Putin will be having more of a say along with a few others i.e. Iran (on the up) and Venezuela (now bust). Also, Exxon have been quite lately.....
It's getting closer to my average of 13.3p - closer.... FML
Very interesting piece this about US shale producers and how they might bounce back... https://uk.finance.yahoo.com/news/opec-failed-stop-us-shale-233803357.html
Presuably then Pablo you have already got rid of your shares in CAZA ? If so why are you on here at all ?
'Fraid not matey, it's doomed.
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?
First time Ford has bought any shares for a considerable time. Obviously having relieved us of our support its time to pile in with their new benefactors. Hope they get their just reward!