Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
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Yep, 153 well overdue and hopefully not a **** up as was the initial vertical well that flowed @ 500bopd initially or more and then dropped to sub 100. Unfortunately OE is not an exact science and we'll soon know our fate ie back to early/mid 2s but it will bounce providing 154 is flowing @ initial rates. Maybe our Clive is compiling his next novel but my money is on news pre interims.
Mr Rig
19,534,214 shares admitted to trading on 13 August 2021 3.2p was pretty much the best buy price, to sell slightly under and dropping, I think 11m gone, and the volume was pumped but has has now dropped off so forced to hold or will wait to pump them out under any news flow.
Well 153 is three weeks overdue, bearing in mind this was a reentry with a supposed simple horizontal 200m extension from a depth of 2200 metres ( within working capacity for any of the G40 or G50 wells ) and any material results i.e 300 + should be released immediately its not looking great is it ?
Lets hops for an update asap.
If it is our rig seller, then he's dumbed 11m @ probably 3.2p+ average so could have amassed $490k and they are still getting c 430 Tenge/$ so they're only taking a risk on $260k, that's small beer and they will know what it's like to be a Caspian investor....lol. All speculation but i'm hoping to wake up to positive news and a new chapter for Caspian as opposed to the historic disappointment. I would have expected far more selling if not positive and i don't believe KO would've played his debt for equity card.
If it is Mr Rig he has about 8m left to go.
You can cause trouble for them easily, especially when you get groups of like minded people together but it's a b*ll ache . The KO clan run this game and everybody else is a sideshow and do what they're told. KO has now filled the good ship Casper with loads of assets and it's about time he started getting a return from them and we get dragged along for the ride.
No trading of any note and the recent large buys are from peeps i know, not sure about the selling but it could be Mr Rig as you say. Pivotal time for Caspian with next update, let's hope it is the 'Sunrise' moment and we can start having some real banter knowing that we're all quids in. Long overdue !
KK - he's been doing it for years, blokes either useless or doing as he is told, either way, because of his limitations the rig stock holders dump stock immediately imo.
Doubt if any complaints would get you anywhere, it's AIM theres plenty worse than Carver.
CC,
It is unacceptable to publish crap and they have been guilty of that. We make investment decisions on statements like ' A8 flowing @ 1500 bOpd ' and i added a chunk on that news. We know what the real position is and if there was any more of that stuff going forward, i and others will start creating shoite with the Nomad, FSA etc. Don't want to go down the negative route so hopefully future communication will be far clearer and no Carverspeak !
Probably find out that they side-tracked A8, it's flowing @ 2k bopd and they've been flowing for X days hence the delay on news. We both know that's very unlikely but anything is possible with Casper comms.
Looking at it, he always says " i'm not technical', wonder if it's written by Shin and then translated into English for Carver to release and as Carver never cares what his RNS's read like he has a belly laugh to himself and hits send ?
cc,
His comment made no sense at all. Why checking for oil flows...lol the well was blocked with drilling fluid so why the comment ? Have they fracked it ? Surely not as they'd have had to communicate that it had. As you say, more Carverspeak and impossible to decipher some of the commentary and time for Shin to write the technical content.
Tick, tock.
or litter / debris ..... usual rubbish from Clive really : )
X2 - the word dust could be a mistranslation or rather a lost in translation, typical Carverism, it can also mean clay i.e drilling mud.
Fingers crossed they dont bring a damp box of matches to the firework display ... good luck everyone
Great day at Goodwood yesterday and blessed with the weather too.
Interims have peen published between 17th and 28th Sept over last 5 years. It would be good to see some positive news next week followed by the Interims w/c 27/8. The Interims should read positively from a financial perspective v 2020 but the real financial impact won’t be seen until H2 published with increased production on the shallow front.
Never take things for granted with Caspian and worst case would be poor news on 154 eg reduced rates, 153 failure and no SY award. I believe all are unlikely and hopefully the reverse will be the true update. Not long to find out either way.
I don’t care when it is as long as we get the right flavour.
Meanwhile, Crude @ $75.60 and a great time to increase production by 1k bopd ??
Let’s hope it all becomes clear tomorrow.
And this ?
To further improve the ability to develop assets the Oraziman family have, subject to independent shareholder and regulatory approval, agreed to convert their entire debt of approximately $6.2 million to Caspian Sunrise shares to be issued at a price of 3.2p per share. A General Meeting will be convened in due course to seek the confirmation of independent shareholders to the terms of such a conversion.
When is this happening ?
"A General Meeting will be convened in due course to seek the confirmation of independent shareholders to the terms of such a conversion.
Dividends
It has been a long-held objective of the group to be a regular payer of dividends. Accordingly, at the General Meeting referred to above, shareholders will also be asked to approve a capital reduction required to allow the payment of dividends."
£46,080 for a 1.6m chunk of my stock. Let me think about that for a sec, no thank you. Hoping for that parcel to be worth 10 times that by next Spring as a minimum. That does sound a little rampy, let's get 153 over the line first. Must be up there on the rampometer surely.
Correction 1.6m. I hate testing the market with big chunks as i have pressed the 'place order' button when clear or ammend was appropriate, followed by that sick feeling and a phone call to the broker !!
Sell levels as of 10 mins ago
Up to 1m @ 2.912
1-1.3 @ 2.8923
1.3-1.5m @ 2.8857
1.5-1.6m @ 2.88
Not been able to sell 1.6m forever so somebody after your stock. Buy instead of selling !! that should make thins interesting.
Correction 1.2m ..
Rob, yes and a seller around to keep the price below Kuats 3.2p limit, that said I can sell 800k at mo.
CC very true. On the bright side it looks like someone is buying today.
That they havent shows you 1.the true cash position 2. Prolly canabillising one rig for spares, the addition of a second workover rig paid for in only stock at such a low price is telling of cashflow and the requirement to workover waxing up shallows.
With all the rigs we were robbed for err I mean bought. We should be drilling 3 shallows at a time. At least they said that was the plan before it wasn't.
Our Caspian isn't a leaky ship and no news does not mean poor news. 154 was meant to take 2 months and ended up being 3 so timely operational reporting is not their strong point.
There's plenty of positives that have emerged over last 6 months. 3AB farm in, Barge rental, 154 well, oil price increases, accelerated operational schedule BUT 153 is a really important result for all concerned. Poor result and we go back but will bounce as it will be positioned as an operational **** up and that will soon be forgotten as next well planned and plenty of other material activity in play that peeps will want to be in for. A poor result on 153 probably allows people to add more on the cheap if they believe that MJF isn't compromised by a poor result.
For me, news tomorrow or Thursday and Interims next week. C'mon Carver, don't let us down.