Caza Oil & Gas Share Discussion Threads

[lord gnome] 01/12/2015 08:47

As posted on the other thread:

If we are to see any sort of value whatsoever from this situation, we just have to hope that the interested party really is interested in a deal with CAZA and not just in doing a cheap deal with Apollo behind our backs once the due diligence is completed.

[lord gnome] 01/12/2015 08:46

A few hundred down 1628386? A couple of grand down comedy? Amateurs! I really know how to lose money on AIM oilers.

[lord gnome] 01/12/2015 08:44

If we are to see any sort of value whatsoever from this situation, we just have to hope that the interested party really is interested in a deal with CAZA and not just in doing a cheap deal with Apollo behind our backs once the due diligence is completed.

[comedy] 01/12/2015 08:43

lol well i cant do much put in alomost £4k in and down £2k...will let it ride...see what transpires.

[1628386] 01/12/2015 08:27

Well, that was my 345,834 sale this morning. Lost a few hundred pounds but the purpose of my punt was I thought a deal was imminent. Clearly they are struggling to get an agreement.

I will watch from the sidelines for now

[nibble] 01/12/2015 07:59

Apollo's accepted Balbains

[balbains324] 01/12/2015 07:51

I meant apollo!!

[balbains324] 01/12/2015 07:42

Extension by Apologies until end of December. Let's hope things get better from here.

[comedy] 01/12/2015 07:27

Lol another extension what surprise

[sleveen] 01/12/2015 07:22

Soggy: yes.

[soggy] 01/12/2015 07:15

RNS - essentially still buying us time until we all get diluted into oblivion. Am I reading it right?

[comedy] 26/11/2015 17:25

cheers lord gnome...ive gone down the road of oil will recover...question is when? and those that can survive until then will make pi's money...though along the road have a feeling the big boys will want a big portion of the pie on the cheap to allow co. to survive with their aid...

so question is will they kill this like mxp and a load of others ??? or is going to be one of the lucky ones???

[lord gnome] 26/11/2015 17:17

Nope comedy. There is nothing new with the Yorkville share issue. The shares are where they are because the company is knackered.

[comedy] 26/11/2015 16:02

jumped in...see what happens???

possible yorkville shorted this down? and closed out with the conversion???

[comedy] 26/11/2015 15:58

time to take a gamble here???

[shawzie] 19/11/2015 14:32

Apologies all around. Sign of age.

[mark10101] 19/11/2015 12:55

You are getting your decimals in the wrong place. So YV have taken at a premium to the current price, over 30% but nearer 50% if you take into account the spread. YV are rarely on the wrong side of the trade. Wish I had some funds to have a dabble like 1628.

[shawzie] 19/11/2015 12:31

1628386
I understood from the recent announcement that 24,537,897 shares would be issued at £0.004649 per share.
If however you say that the conversion price is £0.046 (ten times greater) then that relates to about £10M.
Do you think that is the case?

[1628386] 19/11/2015 07:06

Interesting response DT and very logical in today's AIM market.

SHAWZIE... YA conversion price was 0.46p and the current sell price is about 0.32p so they'd make a big loss if they sold today. YA don't like making a loss so that why it's interesting.

Even more interesting is that they gave notice to convert on 3rd November (when the share price was already well below the 0.46p conversion price) ... So why issue the conversion notice? I can't imaging YA saying, "Hey guys, CAZA share price today (3rd November) is 0.30p and we can issue a conversion notice today at a price of 0.46p. Let's convert the maximum permitted to ensure we make the largest loss possible?"

NB The conversion price is determined by 92.5% of the average price (volume weighted) in the 10 preceding days before the conversion notice.

So why did they convert? Only conclusion is they expect to make a profit, so expecting to exit above 0.46p along the lines of DT's conclusion I guess. The issue date of the shares is next Monday, and the deadline for the forbearance agreement is one week after that ... so there the window of opportunity

[shawzie] 18/11/2015 20:19

Assuming that Yorkville could sell its shares at today's price, would it not show an immediate profit of several millions of pounds?

[smalltrader1] 18/11/2015 14:54

wondering if I can take a small punt on this one now as YA are interested in equity than cash. It appears like there is going to be some deal announced and allowing us to atleast trade on the penny shares. Ofcourse not worth a risk to trade on this at the moment as there are lot many other good companies out there to invest.

[1628386] 18/11/2015 13:46

No worries Sleveen.

Interesting turn of events by YA. They now own the maximum permitted % of the company under the loan agreement.

They clearly like the equity at that conversion price. YA are no fools either.

[sleveen] 18/11/2015 11:24

1628

Agree.

My mistake.