Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Smarty - I'm responding to your post as it's at the top .. not picking on you personally.
This share has been ramped ... WTF? Tell me what percentage of bullish posts have been non factual.
This is the most well researched board on AIM. What we don't control is if an RNS will be positive or delayed.
The problem is many sold their trading pot way to early and killed the rises a few times and then started **** posting on here to buy back. However when faced with solid research and boaty deal confirmed at a higher rate they panicked & bought back in way too early.
Now just keep calm and wait for the market to do it's thing and there is an opp to make money here if you haven't totally ballsed up your trading.
I didn't complain when you handbraked the rises so please don't go all Zelensky now.
Spot on Mike, I've only ever seen these approvals for MJF and SY once both fields were ready to become producers.
You don't invest that much in infrastructure unless you know you have a commercial field.
You won't find one for Airshagyl.
Now this one pops up for Yelemes (where 802 lives).
Why now? What have they found?
ravinella, I'm convinced CASP have unlock the deeps at yelemes. I agree with CC short to mid-term 30-50p.
If they fully unlock Airshagyl which is a monster field then we have a multi-billion dollar company.
Let's get a few things straight.
It's $150K/day minimum ... it could be more.
Also 2 months is an approximate duration. It could be longer as there are always delays in drilling.
If IOC are happy with the drill then this could turn into a long term contract. You don't just drill one well and go home. They will have license commitments to drill multiple wells.
This will rerate upwards voilently once stale LTH are out. Judging by the convos here they have one foot in the grave so it's understandable they want out ... to pay for that PSE one last time.
Think about it. How many AIM companies have guaranteed income for 2024?
None! they can't even pay for tomorrow, yet CASP is handing out $1mil a month.
That's 2024 sorted and just proves CE is valuable. I've been saying for a while that the other options aren't environmentally friendly and simply won't get the approvals from the Kaz government. Expect more CE contracts!
Some people are worried about the delays with 141 & 142. There's nothing sinister going on.
141, 142 and 153 were waiting approval from the authorities for a side track. This was granted yesterday.
I think these will be brought into production quicker than advertised.
Keep calm, the plan is coming together.
At 4p, £40K will buy you 1 milion shares. £444/month is @ £5k annually that's a yeild of 12.5% ... all in an ISA if you are quick.
Even at 8p this will be very attractive and as production grows and drilling costs decline that SP will always be playing catch-up to the divi.
Our friend the Earl has been very quiet. The only honest one in the BoD and sunk his own cash into casp.
This is what he said in 2019
Edmund Limerick, Chairman of the Caspian sunrise Remuneration Committee said:
"The executive management team of Kuat Oraziman and Clive Carver have, since May 2012, rebuilt the value of the Company from less than $25 million with a share price of less than 3p per share, to in excess of $250 million with a share price of 12.5p."
Since then we've had production licenses on MJF and SY, horizontal drilling success, bought rigs (so lower drilling costs) record oil prices (in $) and operation costs in a delining Tenge.
Yet here we are. Something doesn't add up and the lack of progress this year is making it worse.
Ty, shareholders need to hold the company accountable. We have all promoted Casp only for KO let out some his ex-friends or purchase his trash assets including busted rigs and trucks.
Ramp it all you like it makes no difference. The investor community knows the scams they've pulled at expense of shareholders.
We need drilling progress from them now and those results will speak for themseleves - no ramping required.
The are making record profits but have only drilled one new well this year.
They were shifting a shallow every quarter pre 2019 with at least one deep on a shoe string budget and never threatened to dilute. The share price reflected that ethos.
Now, with the higest revenue to date they are in debt to oil traders and need inflated oil prices just to keep the lights on.
Dont do Clive's dirty work for him. He can get off his ar$e and promote CASP like he did in 2017 but this time we'll sell out.
For almost a decade I’ve held CASP reducing or adding as circumstances dictated.
In that time I have noted two things;
I’ve never regretted selling CASP no matter the price because you can always get back in cheaper. Even my forced sells in the 3s proved correct in time.
However, I’ve always regretted my buys because CASP will always go lower. I thought myself clever with my 2.4p avg but it looks like we will visit 1p again.
The market knows this price action. There is nothing that supports price because nobody believes Clive who deliberately obfuscates and misspeaks in his RNS. Acts the fool to cover up the disinformation.
Genuinely gutted for the shareholders but I wont defend Clive or Kuat for drowning Roxi with his failed businesses.