Member Info for bluemango

Carver's multi million bonus kicks in at market cap 800m USD or just over 26p at current shares in issue

"Clive blames PI's for the share price"

If he does, then arguably there's some truth in that. If PI's behaved the same as the Concert Party and sat tight, rather than try to make relatively tiny amounts trading, we wouldn't be languishing down here and instead the valuation would be closer to current value of all the assets. Human nature doesn't possess that collective level of patience, though

Thanks somm, now signed.

Well over 2 million signatures now.

Good to have confirmation that the shallows deal is very much on and now 'imminent', complete with details of payments receivable and when. Also interesting to have confirmation that we could have resumed production from Block 8 together with new production from West Shalva, as early as Q2.

Agree with all that.

Unrisked value 75p per share, risked value 10.8p. (Source, house broker)

P.I. Cynicism quotiant: understandable given the history, but nevertheless completely overdone. After many months of doldrums, things here could finally start to shift quite dramatically within the next few weeks, imo.

As you'll tell from some of the comments, there's many jaded small investors here who will refuse to acknowledge any positives or potential as they've heard it all before. Not unusual on Aim market, of course.

Larger holders if they have sense will be looking ahead rather than in the past, and either quietly adding or just sitting tight - the latter is what the Concert Party have done throughout, of course.

For newcomers - a large percentage are held firmly by CEO and wider Concert Party. Free float is relatively small.

Communication from the company is dire. But potential rewards could be big.

Directors have had salary sacrifices for some time now. Low prices always provoke negative comment, but the fact is these are now undervalued in relation to any reasonable asset valuation. Frustrating wait for licence renewals etc, but always best to keep a dispassionate view.

Not 'moving into', just adding to the portfolio. Even if shallows go, we will still have the deeps, Block A and West Shalva. So not abandoning oil exploration any time soon. And also retaining CE with the associated revenue stream.

Montedawnster

Spot on with your post earlier today. Trump winning is ultimately good news for Casp and its shareholders, bringing the prospect of an end to sanctions much nearer than if the war-enabling Dems had stayed in office.

Chart is interesting - now almost back down to the level at which it dramatically broke upwards from a pennant formation back in July, after the 803 unexpected discovery above the salt level. That dramatic increase took the shares to 5.25p very quickly.

We are now, after a relative hiatus in newsflow, just over 3 weeks away from target completion of the shallows sale and the consequent significant inflow of cash. Should clear the logjam on all kinds of developments.

Target completion on shallows sale is 31st October. Exactly four weeks' time.

Fwiw, Stockopedia are saying Friday 27th for interims, but I doubt they're privy to privileged info on the actual date. They were saying Monday 23rd but that seems to have changed.

1.25 million just bought.

News Monday?

The strategy has been clearly stated, which is to develop new assets which they see as their main strength. You clearly sound fearful, that's the time for the braver to be buying. I put my money where my mouth is earlier today and happy to do so at these gift levels.

Situation with the price is now getting absurd, quite apart from the mismatch to asset value, income and news due etc.

Chart is interesting, about level with lower trendline of rising trend (going back to February). Relative strength is on its knees, as oversold as you'll ever see on any stock. Hovering around a value of 10 where anything less than 30 is considered worthy of note.

The brave could be well rewarded with a punt at these levels, imo.

Sorry, you're quite right, latest on that link is notice of AGM from back in June.

So they haven't put it up yet.

Https://www.caspiansunrise.com/investors/circulars-documents/

My understanding is that directors here including Carver have been sacrificing their salary for some time. Please correct me if I'm wrong on that.

So this can hardly be compared with another company where directors have milked their situation as I concede many so (eg SYME being an obvious example)

Not many comparable companies also have this quantity of monies receivable short term. They have delivered jam this year - not yet reflected in the share price but that is outside their control. Have the same discussion as we approach the end of H2 and we'll see what the situation is then.

The monies aren't even received yet. When they have 100% certainty then they'll be in a position to move and be far more transparent.