Member Info for drjenner

I guess the next news is the financial statement. Any CAZA experts have any thoughts about how it might read and if there is any other news due. I'm down about 40% and trying to decide whether it's worth hanging on or if this is going t**ts-up.

http://www.edisoninvestmentresearch.com/research/report/madagascar-oil7

The MC is £7m, net assets circa £21m ($30m). What sort of price would be reasonable if they were to sell? Thanks.

Newstate, Why do you clog up thse BBs with your unsubstatiated nonsense?

All positive but it does tend to drift back after a substantial rise. This is a long term holding for me so won't sneeze at a 20% plus rise.

Tunggie, not sure why you posted a question about caza in the blvn board but then again i don't see the point of you period. The answer is that i don't know what the next news from caza will be but management are in the uk in the next week or so and will no doubt be doing some pr then so we might know a bit more. Yes the sp has tanked but at these levels is a strong buy as they have assets and good management and i believe will come back strong. When that might happen i don't know?

Sounds like some positive developments, I particularly liked the bit about partners. "The Company remains in dialogue with a number of potential partners and it is envisaged that the appointment of Jefferies will enable Madagascar Oil to access a wider pool of potential partners. Jeffries is also expected to provide strategic advice which will help secure the optimal partner(s) for the Company going forward. The Company is confident of a successful conclusion to this process before the end of 2015 and will provide further updates in due course."

Adastra, I've heard all that, more than a year ago and nothing has happened the sp is lower if I'm not mistaken. Nothing seems to move it. I hope it works out for you but it might be a long wait.

I sold out a few months back but got the RNS delivered today so thought I'd take a look. At a glance the results look good. So why the continued drop? I think this is just one of those companies that, no matter what, attract no interest. They are too risky for large cap investors and not sexy enough for AIM investors. Just my view, no technical analysis involved. I don't know what they can do generate interest but I would have thought there are better opportunities out there.

I should also have added that this is AIM and it could be 35p next week and 5p the week after!

I meant 15p this time next year

Johnny, I tend to agree with you. I understand the brokers target to be within the next year and, barring a takeover, I can't see them being far enough along to justify 35p. Also we know thry need to raise money. I'm happy to hang in but for me I'd be delighted with 1 this time next year.

Went out to pick up a sandwich and the sell went up 1p, any thoughts on what's going on?

Must be something in the offing, pretty big too.

I was getting worried, hope we get some good news.

Ivan has left town https://www.youtube.com/watch?v=ygeWsoYYMuQ

...is warming up with a nice cup of lemon tea...the crowd grows restless...and silent....you can hear a pin drop....

....has changed into her costume, for this performance she has chosen full Canadian Mountie (female of course) in honour of Insetco's partners.....

....has arrived at the ballpark and has been shown to her dressing room.

Bought back in today so let the good news start to flow!!