Member Info for mrcautious

I sold out of SXX some time ago at a small loss - but I also respect the large losses some have faced here. For what its worth, you PI's really need to vote against this deal as it is a punt at a cheap price by AA and they could do a lot better. Some will never get all their cash back, but less of a loss would be good....

I wasnt going to post any more on this board I was/am just planning to sell down when things get a bit better but then I saw this :-
"Clive when asked did not rule out further acquisitions from KO and his family. He said if they were to buy from others they would likely be fleeced along the way. KO is a reliable counterpart in an area where that’s not always the case. Not what I wanted to hear but probably not unexpected".
So there are MORE assets to offload by KO family ?

So the message is “Trust Us. Things are progressing but operating in high pressure Kazakhstan oil fields is not “Cookie Cutter” exploration and difficulties come with these upside opportunities.
Clearly they have lobotomised people at the AGM -- how can you trust these people having strung us along for so long.

Anyway I came away thinking I would buy more when funds permit ----- well I will not be !

The market may have given up on CASP successfully producing much from the deeps too many false dawns. Anyone wanting to stay here now must wait for some activity from the drilling ship we have been forced to buy...

And you naturally are a ramper then CC ----- happy -- insult for insult

tarquin - you pretty much summed it up we have no trading volume no information in strategy apart from guesses and a MCAP that is now only a good night on the town --- how are they going to turn this around ? My share AVE is lower than some but I am still hideously underwater..

Dallas - yes it exciting and could help us turn the corner I get it - but do you trust these guys not to trip up somehow ?

You are within your rights to call me a whinger but you CC are the person that so often tells us this will rerate blah blah and its ramping that makes me whinge !

Seems that the Chinese see the chess board better than most people in the West. Meaning that they are getting control of the worlds Li resources easily because no one in the West wants to finance these mines and they can get hold of the cash. Its funny the way when someone creates a new mobile phone app fiance is always available but for a dirty old mining operation - no matter how strategic you can go whistle !

CC - my agenda is simple make at least 100% return in the next 5 years - not much to ask. But because of how this share has shaped up I did buy a couple of grands worth the other day to trade when the range-limit gets reached again, not what I want to be doing but needs must. I prefer to be out fishing or shooting than being in a darkened room with 3 screens !

cc - everything you seem to have said lately tells me you are just a trader - if you were an invester you would see why we are negative, this is a 1 step forward 2 steps back share ! If you are not negative about the last year in this share then I would say you are becoming FK !

CC - You forgot the main question "why has this share been rangebound for so many years now and when will it ever deliver shareholder value" ?

mr james - I dont think this will collapse just yet as they are adept at keeping the gravy train going. I do think that Amapa was too good to be true and perhaps smarter people have tried and failed with this project and our board are not that talented to pull it off. I could see Amapa fading into the background leaving people looking at EMH, BCN JV and the other assets to come good - if this is the case its another long wait with fund raisers along the way...

jonesy - I think same...

cc-"Have very few long term AIM holding positions" I wish I could say this ! I have a couple that I bought very cheap but the rest are a steaming pile of dog-doo at the moment, I want out of AIM !

There is something complex going on with the Orazimans and CASP and in my book complex means very dodgy. None of us have more than rough theories so it must be deep and may not end well. I would go for a 25p buyout now just to see the end to this !

KumKuat - can I ask how long you have been in CASP ?

I'm done listening to anything this pillock has to say its deeds not words I want now...

Seems you and I pick bad shares MLQ ! Though CASP has a long way to go to beat KDNC !

Maybe shotgun with buckshot cartridges also !

CC - I get that but the share price of the deal was 12p would this not mean that if the shares were issued it is an almost 50% loss of value compared to the share Price now if it went ahead -- if you understand my logic. If you pay x shares at 12p and these x shares are afterwards worth only 6.8p this is quite a hit ??