Member Info for Kabaa

Don Strang has bought and holds 5% of this (at higher than todays price)

It's definitely not worthless! Just a bunch of derampers thinking they can cause selling and get in lower than this.

The assets and cash in the company are worth way more than the current share price suggests and will eventually reflect that.

I can't get an online quote at the moment but I bet you can't buy many at this level or more than £5k's worth.

That's a good point actually- valued at cash + shell value (shells are worth around £500k.

Human brands should ipo this year + oyster 30% share + the other stuff valued at nothing.
Way oversold!!!

I agree but I get the feeling we are very close.

A lot of time has passed and if we finally get cambay back this month then it will have been worth the wait.

No point in selling down here as it has bounced at least 100% from this level umpteen times before. This time hopefully it'll be for good and back to being priced in full pence.

Looks like a few people in the know about a Cambay resolution

We will get way above that anyway, don't worry.

Being able to raise cash to use on the asset is what makes it more valuable and puts us in a much better position than the Canadians were. That's why the market will value it at a lot more than £20m this year (×30%) = closer to 0.2p/share for Gun
They had it value

On today but early July, I would expect well North of 0.1p, if not above 0.2p.

Research Analyst did a very good post but it does not account for taking 1 or 2 of these assets forward where they have 10x+ potential very short term.

Exactly. When someone needs to tell us 35 times that they took a profit...once! It is a sign that it doesn't happen very often for them.

Agreed the little 5hit should piz5 off along with a few other dipsticks on here. Absolutely pathetic!

The institutions are happy to pay 0.037 for hundreds of £k

I'm guessing they're also happy to buy more below that, judging by today's buys.
Angry pi's selling way below value here imo.

I saw quite a few big buys go through and tried to join them. My broker just says 'place order' which means they go and buy whatever the price for £2k would be in the real market. I haven't bothered.

I don't think this will last long under the placing price of 0.037 so may try again tomorrow. GLA, although I don't think you'll need it!

Excellent posts! I'm suprised not more recommendations. I wish more people would post like this on LSE!

I have also realised the cash is infact way more than what I was suggesting due to the recent sale of ukog shares just after the half year report date (so didn't get added in the accounts)

Stocktrackers link has a good point. Closed up on good volume is a bullish signal whether cambay sorted or not.

In the last 6 months. No thing changed at all in the value of the asset, it's just been delayed.
A rise back up to Dec levels is inevitable. It'll go more if cambay deal is reached with gspc

Will send this over 1p.

Smiley told us he was in the know about this 6months ago (lying) - did he sell the low? Bless...

His posts should be reported to the fca by oilex.

Whatever this move is, the stock was way oversold this year.

19:56 - good post.
Spike, mufc, barnetpeter are not exactly worth responding to, filling up this forum with utter nonsense.
Every forum seems to have them, they're generally just total losers reliving the same experiences again and again instead of moving on and finding somewhere creative to put their time and money.

How much did you lose on this in the last week kid?

30% Of Oyster + cash + assets should value us way above 0.1p and it could 20 bag on top of that. No I'm not kidding.
People selling down close to 0.03 need their head examining.
30% of an asset like this with cash in the bank is a massive game changer. Not to mention the other assets.
People were happy to pay around 0.08 for this late last week. The only thing that's changed is now we do have 30% of the asset, confirmed + a pile of cash.
Why would you sell? Are people really listening to the derampering nonsense on here?

Don't worry, your price is underpinned by assets and cash. You'll get out for a profit, probably a very big one if you're patient.

Some real nonsense written on here today.
The Canadians ran out of money, we picked up the asset super cheap and raised money to progress it.
If you think this can't multibag on the back of this very quickly, you're obviously brand new to the game.
Over 5bn shares traded in the past week.
The placing is a drop in the ocean, was needed and has put us in a very strong position now.
The asset will start to be reflected in the sp very soon imo, may be even by the end of the week.
1.5m mcap with all the cash in bank is absurd. Directors were buying higher than this earlier in the year.
My target is still way beyond 0.2p short term.

The institutional investors will hold for the long term. This is just market makers shorting. Much more volume trades than this and the sp will take off in a huge way.

The money will help to progress this new asset like the Canadians couldn't. They find it more difficult to raise money.
All in all, excellent news today and imagine the price will be above yesterday's price this afternoon, if not, tomorrow...