Member Info for bluemango

I think a few of us have more than that, and with good reason.

Meanwhile the frustrating wait for bureaucratic peeps to do their job, continues.

DrJOS

You appear to be ruffling a few feathers.

Be aware that you are up against a huge wall of cynicism with this company. We are way, way beyond the stage of 'heard it all before'. Versarien is now in 'can't ever recover' territory in most people's minds, and whatever hype there was years ago, had now dissipated. Hence the very modest market cap.

Of course, it if does surprise everyone and recover in value, the opportunity is there for substantial rewards. Precisely because of the current lowly starting point, brought about by non-delivery which has fuelled that wall of cynicism.

Just don't be surprised in the meantime if you get attacked for what you're saying.

They surely wouldn't have said 'making good progress' unless they genuinely believed it was close to completing. I don't think we'll be waiting until the new long stop date to hear further, this time.

Also, re the 'Rock bottom' comment earlier, yes it's worth remembering when this deal was first announced, the shares previously rose to over 5p. Just on the news it could happen, rather than confirmation which is what shareholders are waiting for now. So yes, I'd imagine the more impatient will have exited well before now, and we might finally even see a bit of buying in anticipation. Good time to be in & holding.

Gotta be in it to win it.

Just in:

"The two leaders agreed that a future with an improved bilateral relationship between the United States and Russia has huge upside. This includes enormous economic deals and geopolitical stability when peace has been achieved."

Bodes well for possible end to war in Ukraine and the lifting of those oil sanctions.

Jesus! How on earth can you sit there and type the words 'news here not imminent' when they've shortened the long stop date from previous two months, to just one month, the end date of which is now literally just 17 days away?

Typo - should be "Live 'like' that."

LSE, please give us an edit button!

Yes, it could well apply to all the perpetual doomsters on here. Stuck in their pessimistic rut.

Fact is, it's a peculiarly British characteristic to be gloomy and refuse to see how things can change for the better, even in the face of plenty of evidence suggesting that change is coming.

Doesn't mean we all have to live that.

No, I'm less keen on pies than he is.

But if I was him, I'd be despairing at some of the comments on here from individuals who presumably knew they were buying shares in an Aim-listed oiler based in Kazakhstan, with a high degree of uncertainty over timings, bureaucratic efficiency, technical challenges and all those inherent risks, and therefore the vast reserves of patience needed to see this through to the undeniable assets being fully monetized.

You've said it yourself. Your own words 'historic events'

Your views would only hold true if you 100% assumed you should extrapolate forever based purely on past delays/technical difficulties/whatever, with no allowance whatsoever for the possibility of positive change (eg shallows sale, special dividend, licences approved etc etc)

Can't believe that post received as many as 4 likes.

If the share price was closer to asset value rather than brought down by (understandable) impatience, with all else exactly the same, you'd be praising the management. Just making the classic mistake of seeing the current valuation and believing that's anything like an accurate reflection of the likely endgame here.

Indeed. Just Group's chart looks a bit iffy; broken down through lower trend line. And as Lamoroma24 pointed out, the dividend is meagre compared to others out there.

I know which I'd rather be holding, without any doubt whatsoever it's Casp.

Can see an easy 70% rise in Casp over the course of 2025, but for the life of me can't see anything like a similar rise in Just Group over the same timescale.

Each to their own, but I honestly couldn't imagine a worse moment to jump ship. More immediately, note especially how the deadlines for completing the shallows deal have become markedly shorter/nearer (two months previously, latest was just one month)

Should have said 'first' bought in here a couple of years ago.

Having been quietly adding/accumulating subsequently, when the opportunities were there.

The Company have had to endure technical difficulties, the Invasion of Ukraine and consequent sanctions (including having to source materials inefficiently from China), and have been relatively cash-strapped for years.

Looking now at the ages of CC and Kuat, they won't be wanting to hang around in this much longer. They have been evolving changes in strategy, particularly over this last year, to help achieve their aims. Soon there's going to be an unprecedented amount of resources thrown at finally getting a result from the deeps.

I bought in here around two years ago, well aware there would be challenges, well aware nothing was guaranteed and there would be frustrations along the way. I'm now very much looking forward to the rest of 2025 and how things should develop from hereon.

You two would probably have been praising CC and the company after exactly the same RNS, if the price had risen today.

The short term movements are pretty much irrelevant to the endgame here.

"Hope they remove the shallows cash from BNG Ltd LLP before signing over 50%!"

E.g. via a special dividend? 😃

Bulinachinashop, are they less, or more, likely to flow a deep with this substantial additional investment funding?

Think carefully before you answer.

Just a gentle reminder that the 'disappointed shareholder' below, was hoping to move a chunk cheaply into his ISA relatively soon.

Belles, who forced you to buy shares in an Aim-listed small cap oil company in Kazakhstan, with all the inherent risks, technical challenges, bureaucratic slowness and uncertain timescales involved; considerations which all shareholders should have made sure they were aware of, before buying?

Back down to 3p bid, that should stop the idiotic sellers.

Utterly pointless to be selling at this juncture, on any rise. Clueless.