focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Makes sense. Buy assets on the cheap, develop them and then sell. Use the profit to get higher margin assets.
Pretty sure they have A5 flowing.
KC Explorer will bring in more than what MJF was producing.
For those who have been here a while are very familar with "sellers" turning up at the wrong time (for us).
Clive always denies them but when the true identity is eventually revealed we all say, "oh yeah that was obvious"
Here are just three reason why someone is selling now;
i) They have probably signed a buyout agreement (like Dosbol).
ii) Perhaps the advisor(s) work/will work for the entity looking to buy out CASP/MJF or some other conflict of interest. Casp is no stranger to these.
iii) Compliance - Clive made a boo boo on his abacus and someone now has shares they shouldn't. Best get rid of them before any M&A activity.
The problem is Tom has slowly replaced the old executive team with incompetent people like himself. No one to challange him.
The size of the team is ridiculous. https://fbkmed.com/about-us/team/
Because of that we've trippled our annual loss since Tom took over.
There is already a strong precedent on AIM of directors not owning a single share in their company that they so passionately want you to buy shares in. They use your funds, placing after placing to prove up the business and then bankrupt it with extortionate salaries and fees for "advisors" (mates). Then they buy the business back from the adminstrators for peanuts and become 100% shareholders.
BIDS & KOOVS are just some examples of this strategy.
I won't be investing until Tom & co put their cash in FDBK.
FDBK is running out of money fast and they failed to pump the price in March suffciently to a get placing done. That's your warning sign.
"Another question is, why didn't CASP buy this piece of land for $50k? it was in the Government auction and they had RNS's that they were looking for other projects you would assume they were aware the Government had announced another block sell ?"
This is the issue right there. Altinbek only incorporated CS Energy last summer and bought the dead camel.
Anyone of Casp's subsideries (BNG, 3Abest, Eragon etc) could have bid for it.
Clive needs to tell us what CS Energy paid for it.
I'll find out soon enough when the Kaz gov publishes it's accounts.
Clive also needs to come clean on the fines due on 3abest and all the court cases going there.
Belles, when I look at year on year revenue & margins it looks pretty good to me.
The sp is down to PIs. The BoD don't trade and the current sp is exactly what you lot think it's worth. It's trading well below fair value by any metric.
The BoD have no interest in jacking up the sp as they'd rather put the effort into building a business. Even divis couldn't break 10p.
Drilling progress has been slow due to consecutive issues outside KO's control.
1. Dosbol not paying his share of the costs 2017/18
2. Covid -2020/21
3. Kazakhstan - Bloody January 2022
4. Putin 2022/23
I like CASP ... it's resilient.
I'd rather CASP go in the right slowly than fast in the wrong one.
This is the right direction.
Multiple producing fields and revenue form upstream and midstream activities onshore and offshore.
Plently more in the pipeline but only a few can see it looking at trades today.
smarty, the bottom line is the revenue has grown y/y and casp has more growth opportunities now. it why we tolerate this ****. whenever casp hit a problem they come back stronger.
the current situation will be hurting ko & wcp more than it's hurting us.
mjf 142 issue is unfortunate but they will resolve it. i think they will surprise us with sy too.
Federated data platform
https://www.england.nhs.uk/digitaltechnology/digitising-connecting-and-transforming-health-and-care/fdp-faqs/
is not a replacement for bleepa. It's solving a very different problem. There might be some overlap with carelocker.
I do agree though that Tom needs to make a statement NOW.
Thanks Bottled, but I said revenue+cheap. I'm not knocking it... money to be made if you know who's pumping it and when they will exit. It's not something one can scale into and hold for more than a few days.
The delays here are frustrating but value is building in the background and will be reflected in the share price sharply.
Mcap here at 60mil ... when the boat alone is worth $50mil.
The ukraine war has already vanished from the media and it seems it impact is reducing in Kaz. It'll be distant memory soon enough. H1 has been a bit schit but it revenue will improve going into 2024.
I guess divis had to be paid at any cost for the WCP to start their new life in UAE. I'm sure KO would've wanted that money spent on 141 & 142.
Next 6 months are absolutely critical here - we'll all find out how this story will end. Not the time to be out if ever believed in it.
They announced years ago that they will not rush out to RNS every bit of news so that people can trade on it.
Plus they always sit on good news to mix it with some bad news (which means there's no bad news they are sitting on ATM .. Yay!)
Y'know Clive can sit on a lot ... the whole of BNG in 2017 ... it was special ... his words.
If CASP did start pumping news out for news sake it can only mean two things.
They are looking to raise.
They have bought something with CASP shares and the seller wants out.
Neither is true at the moment (another Yay!)
TBH, it's been like that this whole month. I've been quietly buying all the way from 5p.
Shorts knew accounts weren't going to be ready & possible suspension rns was coming. Who leaked that info??
They made their money today and this will bounce back next week.
Casp isn't an easy hold or trade.
It's not a defense of Clive just a keep strong message to those still in the game.