focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Weird time to choose to dump half a million, knocking the bid by 0.2p, knowing the chances are the next news will be positive (having got the rubbish news on dividend, drilling issues, lack of CE monies received yet, out of the way). Can only assume seller was desperate and needed the funds urgently.
Several possibilities for positive news due in coming weeks, as mentioned on here by others.
I thought he probably did, it's not unusual to see this.
It's just different approaches, if I really don't see any possible upside in an investment I just quietly exit. I don't moan without suggesting anything constructive, making sure potential new investors are thoroughly put off in the process.
Yes this has had a crap time recently but realistically they should be able to turn this around and I wish others would acknowledge that. Rant over!
Quartec do you actually hold these?
Time and time again one sees a company that disappoints, then holders take to boards like this to generally moan and refuse to see any possible positives. And when the share price is buoyant it's the opposite; people shoot down anyone expressing anything negative.
I'm not saying people don't have a reason to vent their frustrations, CASP have obviously given more than enough for that, over too many years. It's just curious to see human nature being played out; 'I'm disappointed, so I'm going to moan and not see any possible positive outcome from any option on the table. It's all rubbish, and I don't care if potential investors are thoroughly put off'
My thoughts, fwiw, are that management priorities have been crap (as well as clearly there's been more than their fair share of bad luck) but it's all out in the open now, they know what's required and you'd hope Kuat at least would be focussed on delivery. If I wasn't already overweight in these, I'd be piling in - given the reserves, what's down there, and my belief that they'll now push on and do what they need to do to turn this around.
Thank ukred, also for the update on CE deal expected weeks rather than months. This tallies with what Clive said at the AGM; that other parties had already expressed interest.
To my mind today should represent the last of the bad news (and as I've said earlier, not sure any of it was that surprising to followers of this company) so with luck this could be the lowest point in terms of sentiment. Anything good from now on (for a change!) should start sending it higher again quite smartly.
Reassuring to hear there shouldn't be further delays down to equipment.
Broker note out from WH Ireland on today's update, citing the extensive work programme over the remainder of the year, the expected production levels significantly in excess of the current figure by the year end, and the positive impact on expected higher oil prices over rest of 2023.
Nothing in today's RNS was particularly a surprise for anyone who's been following things here, so the immediate market reaction seems overdone.
Probably a question that's been asked many times over the last couple of years, but has this now passed its lowest point?
Taken a small stake in the belief that it may have, or at least is near to it. They've given a projected 4.8p 2023 dividend to Progressive Equity for their research note just published, surely with some degree of confidence that they can achieve that. If so, yield down at this price makes them look almost ridiculously attractive.
Never known a company like it.
The fact that they're planning a new well (803 in this case) has to be found out by someone monitoring Bico tender website. Change of company secretary is discovered by someone else, then verified by a check of Companies House. Still silence from Caspian, though, a day later.
Whatever happened to announcing things by RNS?
Https://find-and-update.company-information.service.gov.uk/company/05966431/filing-history
A bit of meat on the bones of this story:
Deputy Finance Minister Alexei Sazanov said on Friday during a State Duma Committee on Budget and Taxes meeting that the government has proposed for the Urals oil tax discount to be reduced from $25 to $20 starting September 1, 2023.
It was previously reported that the price of Russia's benchmark oil has exceeded the Group of Seven's (G7) ceiling, implemented back in December 2022 in an effort to cut off Moscow's sources of profit.
As pricing agency Argus Media will no longer be providing CIF (cost, insurance, freight) Urals oil quotes, used when calculating the MET (mineral extraction tax), the EPT (excess profit tax) and the export duty on oil, from January 1, 2024, Russia is planning to switch to its own national price index in order to calculate these taxes and duties, Sazanov stated.
Baha Breaking News (BBN) / AY
https://www.teletrader.com/russian-gov-t-proposes-urals-tax-discount-reduction/news/details/60322174
Good. Could do with some good luck here for a change, after the last few months.
https://twitter.com/financialjuice/status/1679850179548307458?t=tf630OEYrSzc4h_e6X6cJw&s=19
Benny's business interests/links (including Midiel Engineering AG):
https://www.northdata.com/Iggland,+Benny+Ingemar,+Z%C3%BCrich/10ib