Call me crazy14 Apr 2016 10:33
But I reckon this is a buy at these levels delisting or not.
The company is not under great financial stress, facilities are in place and the future whilst not rosy at 40$ oil is manageable for a year or so.
However if oil recovers to the 50$ range this year and maybe 70$ in 2017 I see a company worth c£200m here at least.
I know the matched bargain service is not great but a grand buys you 300,000 shares today, sit on them for two years and if we get the oil recovery what could they be worth then?
Get the man with the white coats to collect me but I am a buyer below 0.4p. Value is here and we will get a mad bounce before delist.