Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Never de-ramped CASP...hold too many shares
Oh these things do make me smile, pumpedordumped the No1 to CASP ramper of all time.........
Rank Who
1 coffeecups
2 FlawlessKicks
3 Jacksdad
And the footnote.....Do remember these folks can flip from ramping to de ramping a share. This does not remove them from the database at all, they remain. However, this should show you who is trusted or not - going from ramping one day to deramping later is a sure sign!
CC,
Kuat has sunk $70m+ into the deeps and we a RPTPP scenario, this has to stop but I don’t believe it will as FOMO in play. Shin has to lay out his stall and get investors back onside. They have used the Galaz cash and now it’s MJF with farm in assistance if they’re going to continue with the deep exploration campaign . Or they stall until MJF builds, sort the appeal favourably, rent the barge or get a result on 3AB.
They also could have a result on A8 with fracking but they now need to communicate effectively as to what the #### is going on. The retail investor is key to sp appreciation which gives them less dilutive options if sp gets back to double figures.
Re MXP, they’re not going there unless the relationship with Kaz authority sours, hopefully not. Max managed it poorly, Trump like arrogance from the American leadership, the rest was history.
Loads of chances to deliver sp appreciation, the magnitude obviously depends on where that success comes from.
UN - Kazakhstan’s obligations under the OPEC+ agreement will amount to 1.457 million barrels per day or a 15 percent cut from the base level of November 2018 - i'd rather read Opec's figures than any Casp RNS - they've never been reliable or factually correct, Kazak and Russia seem to have been let off the OPEC hook and Saudi are taking the strain but still down on 2018 levels which are the last financials etc.
KK - as you say we don't know with this lot what they are truly up to, Kuat has shipping interests which look to have stabilised and will have been busy carrying global freight.
Starting to resemble aspects of Max isn't it, let's hope they are aware of MJF and its potential and pause to reflect upon the constant drain of the deeps vs a reduced income business.
KK Don't mention the "M" word, it brings back terrible memories. 8-)) ....... NUR-1 scary
Re quotas, who knows. As long as they’re maintaining MJF prod levels and net backs are as stated on exported oil, maybe domestic has increased too.
I’m sounding like a broken record re strategic plan but it’s needed and some commentary on how Shin is going to achieve success.
I think Caspian have lost sight of the fact that the sp and company value is driven by the retail investor. Current volumes are pitiful and won’t change until they deliver an Investor Presentation that’s believable and a couple of positive developments to kick it off.
Kuat can treat it as a lifestyle business but I’m sure his ego has been dented, especially as friends and family are heavily invested.
Could end up like a Max Petroleum if MJF wasn’t the cash cow as they’d have to dilute and probably lose licences as unable to meet commitments. It’s a lucrative acreage and time is running out if they’re looking to get that real ROI. Time to get a partner in on the deeps and as you say, build MJF to ensure they have a realistic foundation to build on.
From the february RNS
we are therefore pleased to report an increase both the overall production we are allowed to sell in February 2021 and an increase in the proportion of that may be sold by reference to export rather than domestic prices.
KK RE : Quotas, Kazakhstan were one of the culprits of over production when the first OPEC meeting was called and they and 2 others were rapped hard over the knuckles.
Due to this previous lack of Governance I think everyone would have been included in the cut backs, big & small.
I hope they are delaying to scrape every ounce of bad news into one big steaming pile and have it all published and out in the open so they can stop the games and get on with building something that starts with a solid base at MJF and ends with a deep - any deep ... I think I posted similar in 2011 - 2015 - 2018 lets hope the new guy's got a brain in his head.
Uncertain,
Historically, the FY accounts have been published more often in May and i believe the longer taken to finalise usually means more time needed to make them read better. No different on any company late reporting, usually not good news or extending year ends by 3-6 months to make them look better. Maybe they're waiting for a conclisive result on 154 and any other good news that could make 2021 commentary ytd look positive. There'll be nowhere to hide and i'm looking forward to seeing them.
Quotas, yep, hopefully we're seen as a minnow and not affected. We get to sell all our oil but is the current 60:40 as a result of export restrictions, i don't believe so, we're too small.
Oil price, impossible to forecast but i don't see it retracing far if production cuts continue to ease.
Need some good news on various fronts -;
MJF - production steady & productive 154 result
A8 - fracking underway, successful or at least a plan of when
Successful BNG appeal result
Mr Shin's operational strategy
We have three major events coming up in the next few weeks: Full Year Accounts; Q2 output; and the OPEC ministers meeting on July 1st. The latter will respond to the rapidly rising oil price and make decisions about quotas. Recent RNSs have made reference to the amount CASP are allowed to export and also produce. The Yelemes export licence and regulation of the MJF expansion may partly depend on quota relaxations.