The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Very bullish note from WH Ireland this morning. Ends with:
"The current year will be significant for many of the company's growth businesses as they establish their first significant commercial successes. It is an exciting time for Caspian Sunrise and we see significant scope for positive developments in the near-term and into 2024 for the company."
If you can sell decent size for over 2.65, it puzzles me why they insist on showing a bid well below that, at 2.4.
Surely they want to encourage trade, by having a narrower spread that more closely reflects the true situation? A conspiracy theorist might suggest they actively want to discourage sells currently.
PickledPeck
All far too rational for some on here who 'methinks doth protest too much'
And yes, it's not going in - whether that's deliberate or whether it doesn't suit their agenda, who knows. Best leave them to it.
He was faced with an accumulation of issues, mostly outside his control, and has acted intelligently and rationally to address them and get the company back on a more sensible footing again.
People may not like the changes needed, but blaming him for the circumstances that led to them is irrational. Flexibility in management is a fast better trait than blind continued adherence to a path within a totally altered backdrop.
It's not simply about blind trust in one particular individual, but instead calmly and rationally assessing a situation, noting the circumstances (many outside his control) that led to yesterday's announcement.
I'd much rather a CEO that was intelligent enough to adapt to change, than one who stuck rigidly to a strategy that clearly had to change - as the market had been telling everyone for many months.
Each to their own but if they start having some drilling success in the deeps, then I'm not planning on parting with any shares until at least 20p and probably not then. In fact I tend not to set arbitrary targets; if success comes then the intention is generally to ride it for as long as they can continue to build on that progress.
Thanks Somm (and Mike). That's quite a list.
Something of a challenge for investors to keep up with the full list of prospects, their previous progress/discoveries (eg your detail from 801 update) and their current status. And how it all ties together, marking the extent and depth of the various oil-bearing intervals. And therefore what the medium term and then endgame valuation might be.
A request please. Someone fairly recently posted a very helpful summary of all the Casp wells with their current status. The search facility on LSE being pretty non-existant, could anyone kindly give me the thread subject for that post to make it easier for me to find again, please? Or if the original poster has a copy and could re-post it, even better ... TIA.
For context and for the benefit of other relative newbies like myself, the detailed description of the various intervals in Well 801 (NY) quoted earlier by Somm, are from an RNS issued in August 2018.
30p in Q4, wouldn't that be nice .... plenty of potential newsflow including deep wells leading up to that, so who knows ....
Smarty from yesterday:
"MMS been having a field day today but price should’ve moved more on 2m buys and 30k sells ? Suspect we have somebody(s) selling a few."
500k just reported. Delayed report from yesterday?
Caspian's nomad WH Ireland are normally fairly prompt in putting out a broker note after an operational update, eg after 21st Dec update they issued a note the same day.
Unusually, this time they haven't.
Could this be because they're aware more news is coming soon?
Given how cold it's been in Kazakhstan over recent months this is a decent (albeit unexciting) progress report. Some traders exited early on but can see this moving up now with warmer weather and plenty of drilling news still to come.