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Ah, KumwatMAY....lol, i'm a little bit slow today , apols
Yep, that about sums up my investing career in Roxi/Caspian and in from the beginning unfortunately. Obviously next developments are key and a positive conclusion on the regulatory bits would increase confidence levels considerably.
Interestingly, they didn't go to market for extra cash especialy as they had the qtrly $788 BNG charge to pay last month. One can assume that they're generating enough cash regardless of the poor domestic prices.
Nice to see a few larger buys going through and hopefully it's Fido, Rocketeer and their Kazakh mates.
Yes staying with Caspian. It was supposed to be a play on words, but they don't usually work too well if you have to explain them! Come what may. Get it? ATB
Uncertain, apologies, don't understand the question, staying with Caspian ?
So you're staying with them KumKuat May?
Hello Fido,
Kuat not liking Kumkuat, one of my favourite fruits ? Our Kuat or should i say his family are the majority stakeholders in this game. He and his leadership team have misled the investor base on numerous occasions. People blame our Carver, he's only the messenger. There have been so many fibs re the state of the deep wells, all the way back to 2014 when A5 discovery made, well actually it's not a discovery as it hasn't flowed.
In addition, Kuat has bought the rigs from his mate Mr K who's dumped the stock, purchased 3AB for a princely sum, added the CE for another chunk of shares. One good thing, he hasn't diluted it to death via the Placing route but he has dumped a load of assets in the company to do it another way. Another good thing, Caspian is his vehicle to better things and going Private or selling it are last resort actions, hopefully we never go there.
Maybe our KO and co have been playing a game and not been honest with the regulatory authorities and the wells are all lined up like little ducks ? You could argue that it's plausible due to the oil prices and the % sold to the domestic market but it's been going on for 6 years plus so very, very un likely.
The deeps are a c*ck up and a very expensive one at $70m+ sunk to date. I still hold out for A5 but that's not flowing now, neither is anything else. As stated many times, they need to resolve the BNG charge favourably, get SY back on line, build revenues from the MJF shallows, rent Boaty, drill the Devonian, spud a well on 3AB. The deeps can be mothballed apart from A5 where remedial/side-track no 4 continues in the hope of eventual success.
Happy to be miles off base and it's flowing deeps and success all the way but we all know that's a load of baloney.
My god I and I thought politeness was dead - LOL !
Uncertain, agreed on all fronts.
Rocketeer, I occasionally venture a prediction on this board. When I do I do it on my spreadsheet simulation of CASP. I put in lots of provisos and say there is some stuff I am just guessing at. I pumped a few assumptions into my model, keeping domestic prices at $6, pushing the export percentage up to 70%, leaving Brent at its current $65 and cancelling the BNG charge. With that set of assumptions I can get to 30p only by increasing output to 10,000 bopd.
I am assuming therefore that your information must relate to the deeps, or a charter for the boat. However given past experience with this share, the market would need the deeps to flow for more than 2 weeks to uprate significantly, so it must be Boaty McDrillface. If correct that would probably do the trick, but it would probably make you guilty of insider trading.
Be careful.
Rock....30p within 2 weeks!!! News a few days delayed....more like a few years. Does your Kazak friend know Fido’s Kazak friend in Bradford?
Hopefully the information is credible, if not there are a couple on this BB will have down as a ramper.
I am just the messenger...
And this Kazakki friend knows it just like last 2 times I was the messenger “something” positive is gonna happen
Rocketeer, as a long term holder I would be thrilled to have the SP at 30p but can you explain your rationale behind your statement? A lot would need to go well for that price.
Dear CumKuat, think you re wrong again! btw i don't think you are allowed to use this name.
The Real Kuat would be really mad at you!
Think he's is the one with an agenda..... just listen to Mr cautious and you will see
Ok lets come back in 2 weeks time and revisit your comment then and see who's right !
Oh dear. The rocket and Fido, heaven help us. 6p,30p, £1 party, even FK was more credible, on second thoughts maybe not.
News is due, I don’t care when, all I care about is the content and it’s positive nature, hopefully.
Think I have close friends and it’s HOT!
But mr cautious, you will probably burn your little fingers
What are you smoking rocketeer that makes you type random nonsense ?
30p within 2 weeks!!! News a few days delayed....
Just positive news will make me happier and always nice for an increase in SP, fingers crossed.
Every danger. In fact I am expecting it. A favourable court case outcome is worth about 1.2p on the share even without a refund IMO, or so my spreadsheet tells me. Call it tuppence with a refund.
Well interest in Casp has definitely picked up over the last few weeks a lot more trades. Now oil has recovered they might be getting ready to come out of hibernation.
Of us having an RNS by next Friday?