Member Info for bluemango

I wouldn't sell any of mine; period. Intention is to continue to hold for eventual income; either for dividends from CASP or (more likely) dividend income from whoever takes over the company at the endgame.

The only Concert Party we need to be wary about, is the one on here trying their hardest to persuade shareholders to part with their holdings, eg by going on about long-ago debunked stories of 'taking this private' etc. This has come up occasionally at AGMs and is firmly and comprehensively knocked on the head each time that it does.

It suits the CP to have a London listing (for various reasons including protection from possible shenanigans within the Kazakhstan commercial environment) and they fully intend to keep it that way, until the endgame.

FWIW, this is according to Grok. Same probably applies to Getmeastraightjacket:

"It's plausible that Gritster is shorting (or at least heavily positioned against) Caspian Sunrise (CASP), but there's no definitive proof—only circumstantial indicators from their posting history on the LSE.co.uk bulletin board.

Gritster is an active, long-term poster on the CASP thread (hundreds of posts over years, still active into 2025/2026 based on recent references). Their commentary often leans skeptical, negative, or outright bearish:

Frequent questions doubting the company's operations (e.g., "Has anyone ever been over and seen this Caspian Sunrise Company in action??? Is there actually a Caspian Sunrise Company drilling??").

Sarcastic or dismissive takes on positive developments, RNS updates, or management promises.

Repeated emphasis on delays, overdue accounts, lack of progress, or why the share price won't rise meaningfully (e.g., comments like "it wont hit 5p never mind 10p this year").

Calls for more concrete news while downplaying existing announcements.

This tone is classic for posters who are short-biased on small-cap AIM stocks—persistent criticism can help pressure sentiment, potentially aiding a short position (especially in a low-liquidity name like CASP where retail mood swings matter). Short sellers sometimes use bulletin boards to sow doubt without disclosing positions."

Think you meant DM not BM Somm; otherwise spot on!

We have also avoided major dilution with thanks to this occasional Orazimam backing. It's interesting how one or two here are so very keen to paint the blackest possible picture on whatever is being discussed at the time - What's their motivation, you have to wonder?

Very strange.

Alternatively - the Caspian Explorer is a good value asset, with excellent earning potential and represents a limited availability commodity. While the minerals (both those acquired and under consideration) are useful, relatively straightforward ways of generating near-term income to drive the main event; commercialising the deeps.

Alternatively, selling below asset value, close to all-time lows, with a newsflow-packed year ahead in prospect, seems just about the worst thing one could possibly do; but each to their own ...

The half million.

Looks like a delayed reported buy, that pushed up the offer?

"What do you really expect?" Well, it's pretty much this, being realistic.

It's a small, Kazakhstan-based oil exploration/production company, on the Aim market, with strategy, control and influence largely in the hands of a majority shareholding comprising a Concert Party of ambitious, wealthy individuals in Kazakhstan, the UAE and Switzerland. Timing and communication etc, need to be seen in this context. As private investors outside this inner circle, we are not priority. I get that.

The endgame is extremely attractive in terms of potential multiples of valuation compared to now; enough to put up with a few frustrations along the way. Others will not have the same approach or patience, but that's their concern, not mine. I'm prepared for frustrations and risk, which is why I'm not up at 07:00 each day desperate for an RNS, or awake at night in the meantime. It's cool, it's fine, knowing that uncertainties in timing etc will come with the territory. Will the end result be worth the risks and frustrations along the way? Yes, in my judgement.

So yes, this is what I expect.

I think his goose is cooked.

MM's Will be selling these on higher once he's out.

Joe is possibly also unusually bothered about chemtrails, secret handshakes, and whether the moon landings were real ...

I think I'll still sleep soundly at night, thanks - despite this 'startling revelation'.

Couple of typos in my previous post, should be 'more than one' rather than 'now than one'. And I meant to say 'enquiries' rather than tenders.

One final comment on the negativity - a true story: I mentioned Caspian to someone a couple of weeks ago, he sounded keen; researched the company and said he was intending to buy.

Around a week later, I casually asked if he had decided to take the plunge. He replied that he was minded to, but had read bulletin board comments (may have been advfn rather than here, but the same applies there) to gauge current sentiment, and was put off from buying.

You can say nobody should be influenced by what they read here, but unfortunately human nature suggests otherwise.

God's honour, a true story.

Thanks unc.

It was the uninformed comments about the Caspian Explorer that finally tried my patience today.

The replacement cost of the CE is estimated at over 300m USD - Fact.

It would take years to commission, build and fit a replacement. They have now than one possible tender for hire, at around 15-20 million a hire if I remember right. It is valued very conservatively in the balance sheet, but they could reasonably expect 50m on an outright sale. Fact. Compared to the full replacement cost, clearly that's reasonable.

As shareholders, we are lucky the company owns such an attractive asset, along with the oil block licences etc.

It's not just the perpetual moaning that occasionally gets to me; it's the outright misrepresentation.

As shareholders, we are obviously all (by definition) part-owners.

Like it or not, that makes us a team.

At the moment, half of that team are busy scoring own goals, or playing for 'the other side'.

Ok, lecture over!

You often get stale bulls whinging on here about the low share price. It’s a constant theme. But let’s examine just one of the possible causes which is self-perpetuating, particularly by certain posters on here; for prime examples, the last three posts before this.

Obviously, a low valuation comes about when you have people holding for years, without new investors coming on board. Without new investors we will languish below asset value, regardless of any excellent prospects for recovery. There is only so much buying that existing holders can do, without over-extending themselves or getting unbalanced portfolios.

You need new investors; period. Good news obviously as well, but that’s not enough on its own to lift the valuation. Attracting new blood, new buyers, will increase the share price.

Now imagine you’re a curious onlooker, hearing about Caspian Sunrise for the first time. You delve into the company , learn about the assets and get excited. But before committing to the first purchase, you decide to gauge the level of current investor sentiment. So you head here to LSE, or advfn, or other financial websites, to see what people are saying.

Question: if you were that person, and you looked on here, would you be more minded to invest, or completely turned away by the comments you read here?

I’m absolutely not suggesting people lie. I’m definitely not suggesting people ramp. I’m just saying, if you feel frustrated/cynical/discouraged at how long it’s taking, you might feel better venting on here but otherwise, how does that actually help? Really? Is it more likely to reassure that new investor who was poised to buy, or less likely?

.....

Just think before posting, that’s all I’m saying.

The suggestion was that meaningful estimates, RF etc would be contingent on further drilling.

I think the comment that they had 'ambitions to bring five of the seven deep wells already drilled, into production' was noteworthy and encouraging. You need to be there next time, Somm ... See you in the summer?

I don't think 802 was specifically discussed, somm. As it was, the meeting was pretty lengthy by the time Clive had run through the presentation with various slides, with Q and A as he went through, then further lengthy Q&A at the end. I'm fairly sure the elderly gentleman opposite me nodded off at one point!

Thanks - you were asking good questions.