Member Info for mrcautious

I would like to know what caused the violent drop on Wed though all ok again now it seems....Any violet moved in AIM shares with no overt reason are suspicious...

Lawrence -- you have captured pretty much where I am at !

What Alf says is exactly my view any time you get businessmen selling and asset from one of their companies to another this rings an alarm bell IMO. There has been a ton of stuff said about how marvellous this ship will be for us but personally I dont see it....Sorry..
For the record for all of the tough guys on the board I will sell if the share price drops much more..............

Sorry no -- have an AIM investment embargo for the foreseeable future have enough in the cesspit to be going on with thanks...

"But, if anybody cannot except gambling their money get out and get into Bonds, Blue Chips, Cash or whatever." I have been here from the very early days way before it spiked to beyond 80p and I have to say based on 3 other AIM shares I am in they all look the same -- ie jam in the near future but just out of reach. So yes when the dust is settled on this I fully intend to give AIM the big heave Ho. I dont think i t should really be gambling it should be based on what we know of the assets and company operations but on AIM you cant believe anything unfortunately..Yes we all know in theory there will be huge demand for Lithium but we have known this for over 2 years and still nothing has happened to sharpen share prices here or on KDNC or BCN and one only has so much patience as an early invester.

mr james - REM has innoculated us to poor share performance I think LoL....
In investing books and articles they say dont be afraid to sell out at a loss if things are going wrong, however this ship sailed long ago with REM/KDNC investers as any holdings are now so small in value !

Fingers - you keep posting all this newsfeed stuff but what we want to really know is not a load of rah rah stuff but is this company actually going anywhere because the share rice is moving slower than a glacier...

Yeah BCN is pretty skittish to say the least. Its unbelievable that a share so well placed and on the cusp of final financing can be so sensitive. Yesterdays sell of was an over-reaction to a few word of a politician and as far as I can see our concession is pretty watertight legally. This to a degree has shades of what went on in EMH, the only difference being our ownership and concessions are much less politically vulnerable than EHM's were. Trouble is all of these south American politicians are so corrupt they seem to need their palms greasing..

Corvid - I would not waste my time contacting investor relations in any AIM company on a topic like this as they would never tell you prior to an RNS if there was a problem of any sort as this would be insider info. If I emailed them tomorrow and they said there was a high likelyhood that concessions may be in question by the new government -- I would sell everything and this would give me a huge advantage over any other shareholder -- do you see my point ?

CC I'm with smasher on this one, why cant CASP get the work in progress stuff proven and get a bit of credibility before they spend a lot of cash going off at another tangent..Its never good in life or business to keep starting new projects before you have completed any of the others...Ans as for the value of the barge they bought, things are only worth what a buyer is willing to pay and we cant assume we got this at a great price...

I think a sale of this company may well come in 2020 given what we have discussed this morning, in this way the Orazimans get not only good cash for ROXI but also for assets they wanted to offload onto CASP - if someone would have asked most shareholders do we want to buy an expensive oil drilling ship in an Arthur Dailey style way I think they would have said why should we..

Alf - this is my view also and funnily enough I too have 4 acres of land just on the Devon Somerset border they can have for £20M !

Agreed - smasher...

Agreed all the Man U chief did was run the club in a way they didnt like, he didnt lose millions of fans cash - so I hope Kiran and the rest of the freeloaders can sleep at night now !

As I have said several times before, it took me a lot of time to realise that AIM is only for shorters and traders. I think almost anyone who does what 'normal' investers do ie build up a holding and wait for time in the market will usually lose money. This share is designed to keep you just interested enough to stay in or even top up when it dips in its range (note the use of the word range) but the is always a reason for a lack of breakout, eg well cleaning issues, purchase of assets, purchase of equipment etc. Something very specific is being done with this share but I am starting to doubt that it will benefit us PI's...

FK is probably getting a beating because he has shamelessly ramped this for so long and a few posters have reached their breaking point !

This is pretty much what I think about this asset. If they cannot show it being used in a serious and useful way very soon it is just a depreciating bit of high maintenance furniture, I would be more upbeat if they rented it to another company for a nice wedge of recurring revenue.

Its not difficult to predict further decline of the share price here so no gold star there ! The BOD must have been caning their expenses a bit lately so a fund raise maybe a possibility.
But hey ho - let me talk a bit about electric cars, Tesla gigafactories and Lithium demand to cheer the 'Kiran can do no wrong' crowd up !

Still happy with your investment now IVY ?

I am desperately trying to extricate myself from AIM and if this ever comes good it will hopefully be one of my last AIM shares. Its all very well for people to say OH well they did a great deal on that boat they bought, but these types of asset do not appreciate and unless it nets us some immediate explorations wins we are back at square 1 but with more dillution - as I have said for the millionth time it always seems to be - 'great strategy being played out but jam tomorrow'.