Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Pretty disappointing that they haven’t reported on 142 as last rns it was supposed to be back online mid November. Ever the optimist i think Clive is waiting for it to flow successfully for 4-6 weeks be fire announcing lol.
This article around d the time of the last rns seems to suggest that we won’t find out about block until the blocks are officially owned by casp.
https://www.sharecast.com/amp/news/aim-bulletin/sanctions-still-impacting-caspian-sunrise-operations--15146328.html
To my simple thinking this does make sense that we won’t know until after casp own block 8 outright
ATB
This is interesting
https://www.bbc.co.uk/news/science-environment-67508331
The price action gives a good clue which way things are going.
At the moment you can sell as much as you want but they are not prepared to pay you much over 0.08p. However when it comes to buying they’re willing to throw you some scraps under 0.09p but want a premium for any decent shares.
Same thing happened on Orr before it jumped over 100% and it’s being repeated here. First the complete loss of confidence and then boom rns.
Let’s see what happens here next few weeks but I think the trajectory is up.
Atb to those holding here.
Look no further than Orr if you want to see what JV can do for you. It was languishing at 0.07p last week, JV has been announced it’s now around 0.16p and the company in a strong position.
I still believe in Roland and although down here I think we could have news this week.
Arb to all shareholders
I think what has gone under the radar is who they have selected as JV partner.
BCM limited are big enough to cover the JV costs but are small enough to consider this could be company changing for them.
They had $170m revenue.
Very promising imho
Well I have too I’ll admit the BOD seem to have turned this around. BCM International revenues for 2022 were $170m.
https://www.zippia.com/bcm-international-careers-16436/revenue/
We may get some chartists coming over as the technical indicators are saying this is a buy
https://www.britishbulls.com/SignalPage.aspx?lang=en&Ticker=ORR.L
Atb - hoping we get some news this week
Mr.spacetomato - in my opinion those shorts are not hurting at all. If you look at the shorts they have been for a few £m. Now that is a lot of money for us but for these hedge funds it’s peanuts.
It’s obvious to me that the shorts have been in place to control the price while they have been filling up from PIs panicking. The real winners will be the hedge funds once news comes out
Atb
Yes there is no deal yet but look what has happened in last few days. Sudan I pays surprise visit to Erbil on Thursday. The Iraqi oil minister is in erbil for next few days to get a deal over the line. As far as I can tell this is the first time where Iraqi government words and actions are aligned.
The oil companies have already stated openly they won’t restart export unless they are given assurances on how the money owed will be paid.
All looking promising g to me
Atb
According to the last rns Well 141 is the next shallow well to be worked over with a horizontal side track with work expected to commence in December 2023.
This tender for 145 is for £1.4m and when you consider everything else they are doing there is no way they can pay this based on current production of 2000 bopd.
They must have some good news on 142 or block 8 to be putting out this tender.
Atb I’m going to stick my neck out and say we will get news on 142 this week
More sells than buys and the share price is showing up 6%+. On Friday I could sell as much as I wanted but could only buy £500 worth at a time. Although I was only offered 0.0704p to sell.
In my opinion It looks like some sort of accumulation going on here. We’ve seen no rns from Lansdowne either to show they have been selling down. Surely they would have hit a notification threshold by now if they were selling. I thought shareholders had to notify if there was a movement of 1% or more.
Call me crazy but I think this share feels in oversold territory and the only way is up now.
Atb
Last rns: "Drilling at the two deep wells undertaken by CTS, the Group's wholly owned drilling subsidiary, has been completed with both now preparing for testing. Success with these wells, once the Block 8 acquisition has completed, could also significantly add to production levels.
Until the block 8 acquisition is completed they can't announce anything as the wells don't belong to Casp.
For me they are either a) waiting for block 8 acquisition to be completed before testing or b) have completed the testing and are waiting for the block 8 acquisition to be completed before announcing the results.
Only CASP management can get themselves in such a position. :-)
Hopefully we will at least get news on well 142 as they did state if it is successful it will conntribute to production by mid november.
Note to Carver: It's mid November end of next week and would really be grateful if you could just manage to hit one date.
ATB all
@mrC - Kazakhstan is not a signatory to the ICC so under no obligation to arrest Putin. Probably explains why he’s going there.
The Americans attention has now moved to the ME hence we see very little news of Ukraine in the media.
Sadly I think the Russia and Ukraine war will drag on as neither side seems to be in a position to impose themselves on the other.
Still all to play for with Casp and I’m still hopeful. A lot of the major oilers were trying to transition to greener energies but that looks to be on hold now. Even Shell are looking to increase investment in fossil fuel. We know there is oil there but casp just seem to be incompetent to get it out. Need one of the majors to take a punt here
@itsaponzi said ‘thieving arabs’
you seriously are an absolute *******, grow the feck up. why does lse keep allowing this fecker back?
call sudani and barzani and their parties whatever you like but stop denigrating arabs as a whole.
you are such a simpleton you don’t even seem to know that kurds are not arabs smh.
your posts on here always have a negative spin so very much doubt you are invested. good luck with your short today!!!
She bought shares at 0.17p for £195k. At the moment she’s just over 50% down and to be honest if she’s tries to sell her 110m shares she will be lucky to get 10 or 20% of her stake at best.
On the surface this is one of the worst buys by a person with insider knowledge.
Even worse appears to be the debt facility they’ve signed up to.
Both of these decisions appear to be madness on a huge scale. Both these deals only work out well for the company if the share price rises.
I feel BoD and Eileen are expecting news which would transform this share. I am still hopeful.
Got to be in it to win it
ATB
It boils down to this:
“ The senior lenders and the independent technical engineers were on-site on 4 October 2023 undertaking a review of construction progress to date.”
IMO it all depends on the findings of the independent technical engineers. If their findings provide a good case for continuing then this will be fully funded.
If there were large red flags why would these lenders allow HZM to keep drawing down on the facility?
ATB and keep faith
Oil collection point “GZU” at the Elemes severo west field
https://www.bicotender.ru/tender255566400.html#tenderHeader
Any other company and one would assume ‘an expansion of oil collection’ point would mean more oil being produced but sadly with Casp this could also be due to a stuck pie.
I guess we will know this time next week lol