Member Info for bluemango

Yes, spot on for the ISA allowance amount, so that's actually net 400k buys so far today.

Or a different but related question - on the assumption that reported comments are genuine, why would directors seek to downplay events on the ground, despite being evidenced or observable by available online data?

For info, our new friend 'JohnnyBe has spammed/posted the exact same 'I sold all etc' message on 27 different threads, all different companies.

Ignore!

Agree with Belles, this is not just wishful thinking, 28p barely even covers the valuation needed to trigger Kuat's (and Carver's) sizeable bonus on surpassing $800m market cap. 28p has to be the absolute minimum for any eventual sale price and given W H Ireland's projections for total valuation on a best case scenario I would expect there target to be rather higher than 28p.

Up to date figure on the bonus trigger for $800 million market cap, given current exchange rate and shares in issue, is 26.75p.

😎😎😎😃

Jimmy, apologies, been working today and only just saw your question, though looks like others have kindly answered it. Re Twitter and A5 activity.

Some images on Twitter this evening purportedly showing activity around A5 deep .....

Ah, that explains it, thanks somm.

I wonder what links exist between the privately owned Absolute Resources and the CP? Maybe none ....

"Absolute Resources own O&G Resources LLP"

Thank you. I'll have to take your word for it, as I can find no mention of Absolute Resources in any corporate history or 'about us' sources for the latter.

Thanks somm. Where are you finding the info on Absolute Resources? A generic name that's rubbish to Google search!

So we could be seeing a regular income stream directly from Absolute Resources, for both drilling contracts via CTS, and from oil trading at $10 a barrel?

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

A move and sale price that both make sense; finally we have some certainty on something, and hopefully the early spike has helped exhaust our recent pesky seller. Onwards and upwards ...

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.

Thanks guys, intriguing comments.

Again, impressive how the price has held up with this going on, so must be some underlying demand helping this transition.

Possibly still related to our pesky advisor dumping, though that was 500k left at the last count and there's been some sizeable trades since his sells by Tuesday 30th of 3,976,923 of his original 4,476,923.