focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Interesting point made by 'The New Norm' on Advfn:
According to the March 24 RNS the newly formed oil trading company was making $10 per barrel from MJF/SY production
will the oil trading company have Absolute Resources LLP as their first third party client assuming the $83m sale of MJF/SY goes through by August?
Equates to a tidy $6m pa income stream for CASP at current production levels
Or a different message to the seller - have just a little more patience (yes you've probably been in years already!) and you should get rather more then this per share if you're really that desperate to sell ..
Given the anticipated newsflow, if those pesky sellers of 200k or more here & there could finally show a bit of patience, we could see this start to move up in the next few weeks. And if they're that desperate to dump they can at least then bank slightly more.
"Imo 20 to 30p per share assuming 1x A well flows ..."
In other words, an amount which at least satisfies Kuat's and Carver's hefty bonus awards which kick in at 800m USD market cap (currently around 27.13p/sh)
Wherever they're coming from, it's immensely irritating and extremely puzzling regarding timing. The one positive you can draw from it, is that now they're disposed of, they are a supply of shares that won't be available to help the MMs with liquidity if and when the positive news anticipated, starts to flow. In which case, with the already tight free float, any rise towards double figures should be all the more rapid.
Looks like we now have proof it was the advisor with that second trade with the odd number 1,476,923 with 4,476,923 awarded and 2 million already gone.
Just the one million left and then no overhang ...