My first purchases, and yes at 5p, were not as CASP but as Poxi (although nothing has changed with the way the company is runthan their PoxiRoxi days!) It was several weeks before they pretty much trebled in a day to 16p at which I made my (first) unfortunate decision not to offload them. I'd verify it with my SVS account but unfortunately they went bankrupt about a year ago and so I have no access to old records as they have no log in portal anymore. ANyhow, you just keep consoling yourself with petty little swipes at individuals here whilst the value of your "investment" (should read, gamble) in CASP continues to plummit. Oil dropping like a stone, and now Europe to US aviation halted from Friday night, yeah that's gonna increase oil demand, drive up the price and make Poxi worth billions! lol Says quite a lot about you that you're more interested in criticizing those with a different (and thus far very accurate) assessment of Poxi's mismangement than you are with the poor quality leadership here which is destroying the value of your investment.
I've a small house (Midlands prices) waiting on the sidelines for a dip into the 50s when I want to start doing some serious buying here - proven flowable resources in a very stable area, with management significantly invested here, and at much higher prices! Even though we need double the oil price to make this really work out for us, I've no doubt that by the time they get close to selling the business, prices will be much higher and the bigger firms (having further slashed investment and exploration to conserve cash) will be on the look out for just such projects as ours. Buy at a price you can live with, set an optimistic sell limit order, and get on with your life for the next 2 years without checking the price daily would be my suggestion.
I'm not worried about Thor in the slightest. I'd simply like to end up investing in it eventually, once they've removed the Parasite and put things on a more sustainable footing, at least in the short-medium term. I DO find it amusing when people like you come around starting with all your garbage about "Now we're cooking on gas" on that basis of one day's small percentage rise which is so small in real numbers that they don't even mint a coin small enough to buy one share in Thor, let alone cover the amount of the rise!!! Good luck with your survivalism, forgive me if I wait until we get an outbreak of something really frightening like ebola or the like; I'm simply not willing to go down for a coronavirus!
If they ever manage to get a deep properly flow tested, then I think obviously a lot of profit can be made from buying at these levels. I don't think your 30-40p expectation is realistic - don't forget, before Poxi became the share that cried wolf, and cried wolf again, and further still, it only spiked up to about 24p in the false belief that they had effectively cracked the deeps. There are many more shares now in issue than there were then - I would expect this to severely hamper any rise on a flowing deep. But I'd love to be wrong and see you all make bundles of money. If I get to buy some more at a lower price than here, I can assure you I'll have sold those long before this reaches 30p, most likely if A5 flows at four figures boepd I'll set a sell somewhere in the highish teens. PIs may be overly optimistic, but I don't think they'd be willing to pay-it-forward with the valuation again as they were when A5 first encountered oil because they've been lied to and misled for so long. If you're willing to stick around in the hopes of 30p, more power to you, and the very best of British luck.
I did, however, post to say that I made a conscious decision to NOT sell out in the 20s when we all had the opportunity, and sadly rode it down to a lower price. That's not quite the same though as not having a capital gain at the end, simply lost profit opportunity. And I can absolutely assure you that I blame myself entirely for that decision. Fortunately, it was a lesson learned - namely that Poxi fails to deliver every single time, and that it's always better to take profit on this poorly run company, wait for the latest no-success RNS, buy some, ride a spike for 20% and dump it, rinse and repeat.
What are you talking about?! I was very open when I bought my first shares in Poxi Roxi and they were down at 5p!!! It was a great profit, thanks, but if you like to comfort yourself with the notion that people who have been right about a company have lost money, then please go right ahead, I wouldn't wish to deprive you of the pleasure!!! And, just for a little logic (would make a nice change for you) whatever one's average would be in a share, selling at almost 4x the current price, would still leave a large percentage of free cash to replace the entire holding and invest the remaining 75% in something else! But I wouldn't expect you of all people to understand something so complex... lol
Of course, you're so right - selling out at 12p was SUCH a disastrous mistake. After all, I could've been riding my entire holding down into the 3s which is where Poxi is today! (A bit mistake to buy a bit back some weeks ago, and should've known better really about how badly this company is managed, but oh well it's given me a boat load of cash with which to replace the remainder of my Poxi holding and still have more than 50% free cash from the sale, or just put it into undervalued pharma which will do much better in the long term than this dog of a share.) Why don't you go back to telling everyone how games are being played by insiders to manipulate the share price, and that it's all going to be to their advantage in the end?! That must be a MASSIVE comfort to anyone who has listened to your nonsense all the way down from the teens to 3.8p today (and most likely to go lower, since the short term sentiment towards oil in the markets is showing no signs of turning - and given the Saudi price war against the Russians, it's hardly likely to change ni the near term.)
Indeed, quaytec, the newsflow continues to be extremely poor, market clearly has zero confidence in oh-so-honest Clive (who proved what a great asset he is to PIs at Ascent Resources, um, NOT!) I've never said that there isn't money to be made in Poxi, and IF they can get the deeps to flow (and that if looks ever less likely with every passing RNS which simply states "We're not competent yet! But jam the day after tomorrow" Or to use cleverclogs Clive's own words "without delay"!!!!! WITHOUT DELAY! Years later, but "without delay"!!!! The man must have a cracking sense of humour to put out this garbage on a regular basis!) So now it's into the 3s, but of coarse don't forget these "golden tickets" are really worth £1!!! hahaha
.....not even tomorrow now, but looking more like jam next decade, and down the share price goes! Given the constant dilution here in order to buy all of these "wonderful" assets like the boat and 3ABest, you can forget about spikes back up to 25p on news - this needs to be a triple bagger from here just to reach that 12p level that you all complain about being too low! (Bet 12p will start to look better and better as this drifts lower and lower over the coming weeks and months!) Glad I only dipped my toe back in here a few weeks ago in the 9-10p range, might even be worth topping up here if it does indeed make it down into the 2p range (incidentally for all of you so clever ound party people, it needs to move 35-40% lower for me to get my anticipated price; it needs to rise 2,500% for your pound party lmao)
"...we are aware of a number of reports circulating which are either entirely false or based on partial information presented in a way to serve the individuals with their own agendas."
I think you misunderstood his announcement, Jack's lad - it was clearly a soliloquy concerning his own factually incorrect and half truth RNS statements!
RJC, hope is no basis for investment decisions - you rarely get a Hail Mary pass on AIM.
And I would be very careful about taking Coffee's (or anyone's) information on a bulletin board as gospel, you've no idea what his motives are, or anyone else's for that matter.
My personal suspicion is that they want the listing to give irrefutable market value for deals for CGT purposes; once that's done, I rather expect they will tank the share price and take it private. Can't think of any other reason why the great Chairman here has never stuck his fat little fingers into his pocket and bought some of these "sitting on something pretty special" shares for 4p if they are worth pounds. Can you? I'd love to hear any intelligent thoughts anyone has, rather than just the usual hope-and-pray nonsense which tends to get spouted.
Hate to burst your dividend-comfort party, RJC, but plenty of privately-held companies pay dividends! And it doesn't matter one jot to he tax authorities whether your dividend income comes from a privately or a publically held company. But keep consoling yourself with that thought...
Not sure why you think it's particularly oversold - the market cap for a company with so few proven reserves is still pretty rich. If it drops into the low 3s or the high 2s I might be tempted to buy back the remainder of what I sold back at 12p, and dca down with the ones bought c10p. Only for the dead cat bounce though. Notable that the oh-so-honest chairman hasn't even been tempted at these levels to put his hand in his pocket. After all, what does he know that we don't which is keeping him from putting any of his hard earned in these "sitting on something special" shares?!
Lights on (which is basically paying Parasite Mick's outrageously inflated salary) will be done in the usual way - discounted placing, assuming they can get one off the ground (not something to be taken for granted at this stage, given how obvious the lack of success and the modus operandi is here.) I'm really surprised that MTR haven't done something to oust Parasite Mick asap and try to get this stabilized to buy some time to deliver some value for shareholders from the assets. Would love to see this just get bankrupcy over with, and then it would become investable imo, I'd then be delighted to buy in to the prospect. But not with The Parasite still at the helm.