Member Info for bluemango

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.

There's unlikely to be a massive rise today alone, but a realistic expectation is that this now puts a floor under the price and we shouldn't see the 2's ever again.

More bureaucratic obstacles cleared away, please. Today's news is a good start.

Well that's rather good.

Bureaucratic hurdles for West Shalva finally overcome; drilling commences this H1 with possible production in H2.

Plus an acknowledgement that there's been little to announce over a long period, but further updates (including but not confined to) the AR deal) are now to come within weeks.

That'll do nicely.

'some' not 'since'.

A long time to wait for a return, but a possible special dividend along the way will certainly make that more bearable ...

I can confirm that I've never sold a single share in this and don't intend to below double figures. Not entirely stress free, I wouldn't be human if I hadn't felt since degree of frustration (especially with slow Kaz officialdom) but I'm realistic that the technical challenges would always mean this would take time but would be more than worth it eventually.

No special dividend confirmed yet, as it depends on the monies being received from the shallows sale, but definitely a possibility according to the company. The deal still hasn't been completed, latest deadline is end of this month.

Not that this little argument is exactly getting us anywhere, but 0.5p is not the same as £0.5. The units are different, DM's were p, not £. So DM is correct that 0.5p is simply a more conventional way of writing £0.005.

Warning for the unaware and the unwary:

Shares can sometimes, very occasionally; go up as well as down.

One-way was the only available

Price goes up, 'we'll all be millionaires'

Price goes down 'we'll all be robbed'

'Twas ever thus.

'Petroleum' & 'opportunities'

And no, the endgame (maybe within next couple of years) here will be the opposite of PI's being 'robbed'. Not all holders of Caspian Sunrise are gloomy pessimists.

And whatever one's views on Trump, there will be many shareholders here thanking him profusely if he successfully negotiates an end to the war in Ukraine and in so doing, does away with sanctions on Russian oil.

And that's a prime example of why politics is best not discussed on these threads. You've got one section of society who believe all they see/hear in the media ('Trump is bad/a dictator'), and those who prefer to think for themselves. They'll never agree.

And that's a prime example of why politics

"..been baffled ... how the concert party are making money out of it ..."

They're not (yet), because they are focused on two things, an eventual significant payout following a sale of the company, and the possible bonus of some income along the way in dividends; either regular, or as now seems more likely, specials.

All at 2.95p or higher, were buys. No conspiracy theory, it's just an algorithm that can't be relied on, which puts them in the buy or sell column, regardless of what they actually were. I suppose one could argue that inflating the offer price artificially could have the dual effect of pushing more trades into the 'sell' column whilst also dissuading potential buyers?

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Start joining the dots by checking out latest posts on X.

Agreed, not going to happen.

Was simply pointing out, in fairness to him, that he wasn't only referring to the shallows sale, but further assets down the line. But yes, unrealistic. I'd be happy at this stage with just a token gesture; then they plough the rest into truly converting the deeps, new blocks and new mining asset into genuine, substantial money-earners, enough to propel this to multiples of the current price. Which you'll agree IS something that can occur.