Posted by empyreal > Mar 13, 2015 10:11 AM | Report Abuse
today's focus malaysia: cliq closes in on oil and gas deal. an asset in kazakhstan 'by month's end'. _______________________________________________________________________
QA means a rally in cliq stock price ? ?? Oil price is falling below 44 USD a barrel. You still think Spac counter look attractive . Once the news of QA out, the stock price will fall into red territory . Just like sona & hibiscus
i think possible that cliq needs money, might raise cash via rights issue or something. So Credit Suisse dispose it. + making decent profit at least 5% which is very good return for them. ( they might also make more due to MYR weakening )
Raise cash???? right issue???? Why need cash as they already got cash when they ipo. They're spacs. First they need to find assets to find and qualify it and then only raise cash. They hv not qualify any assets yet.
Posted by imoogi99 > Mar 18, 2015 10:59 PM | Report Abuse
Raise cash???? right issue???? Why need cash as they already got cash when they ipo. They're spacs. First they need to find assets to find and qualify it and then only raise cash. They hv not qualify any assets yet. _______________________________________________________________________
Apparently you haven't heard of the one in Kazakhstan. I hear it pretty sizeable. Worth more than their IPO proceeds, at least. Cud be why they now need more cash.
good move by CLIQ management. now is the best time to buy O&G assets as crude oil is trading at historic lows. look like CLIQ management lebih hebat than Reach management.
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drangonball
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Posted by drangonball > 2015-03-12 21:36 | Report Abuse
Still no any news, think is rumours only