Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Hi DM, rather suspect that I'm still some way short of Smarty's treasure trove... but hopefully we'll all be in the £Casp-millionaire club this year ;-) Maybe we should all join forces into a mini-concert party... we might get some real insight into where this Company's going?... or a couple of NED roles on the Board! There's a thought...
Morning all... I'm one of the max-Bed & ISA's. Placed the order at the crack of dawn yesterday, and pleased with the execution price this morning. Interactive Investor always do a good job for me. The holdings well into 8 figures now, and whilst I remain optimistic about our prospects this year, I'm bemused that we're being asked to vote through the waiver for the West Shalva purchase without any genuine insight from the Board about the why they're proposing the purchase and what they actually believe to be 'down there'?, and indeed, how the purchase plays into the strategy of potentially selling off the shallows? Do you think Clive actually knows, or is he just a convenient front-man for Kuat?
Hi Fizzy... I'm with you on this one. I'm not sure if this is a conspiracy theory or an anti-conspiracy theory!? but, I used to suspect (going back to 2018/19) that Caspian were waiting for the price of crude to increase from $30-40 (from memory) before miraculously getting oil to flow... Unfortunately, when the price did increase to very profitable levels at or above $100 per barrel, then we had the Covid epidemic followed by Putin's invasion to suppress our profitability. I'm still hanging my hat on the possibility that when Putin's invasion is over, that we might suddenly see 'mud' and pipes being quickly removed and we'll be up to 5,000 bopd. Happy Days may be ahead... ;-)
Morning all,
I don't fully understand what a 'Debenture' is, but checking Caspian Sunrise at Companies House, it appears that we had to re-pay Vertom International (a shipping Company) $5m on 10 Feb 2023 to settle an old debt from 2011.
I've cut and paste the snippet from a new page (I think?) on the Companies House website... could this be connected with the move to quarterly dividends? Sincere apologies if its a red herring.
Debenture
Created
29 September 2011
Delivered
6 October 2011
Status
Satisfied on 10 February 2023
Persons entitled
Vertom International N.V.
Amount secured
Usd 5,000,000 due or to become due from the company to the chargee
Short particulars
Fixed charge of the right title and interest under all existing and future assets and by way of floating charge all the assets and rights see image for full details.
And I guess the other potentially good news would be the re-starting of wells 141 and 142 after their 'water show issues'... in November Clive was predicting they'd be back on stream before the end of March. That would be us back at 4,000 bopd in itself... with 802 potentially being some very welcome icing on the cake. All to play for...
The CPC have confirmed that the Suspension is due to strong gale force winds... and the local storage tanks are currently full. From their website:
Suspension of Oil Lifting from Marine Terminal
Oil lifting from CPC Marine Terminal was suspended on 18 February 2023 due to weather conditions (strong gale force winds, high waves).
To date, storm restrictions from the Harbor Master of the port of Novorossiysk have not been lifted, the forecast is unfavorable.
CPC Tank Farm (TF) at CPC Marine Terminal is virtually full (note: the TF capacity is 1 mln tons of oil).
The Shippers’ crude is being received in empty tanks on the crude pipeline line section and at the TF.
The Shippers have been notified of the current situation.
Information of the resumption of lifting (transshipment) or situation when CPC will be forced to stop oil transportation through Tengiz-Novorossiysk crude pipeline will be communicated later.
This has piqued my interest, and I wonder if anyone can help explain it?I'm checking out Casp on SimplyWallStreet and specifically section 7.1 which lists the top 25 shareholders in the Company. URL: https://simplywall.st/stocks/gb/energy/aim-casp/caspian-sunrise-shares/ownershipA few of us on here are in the 10m+ shares gang, which should put us above Edmund Limmerick at no. 14 on the list... but were not (and I wouldn't expect to be, since we're not obliged to notify the Company until we reach the normal 3% threshold)... but the real question is why I can't see any reference to Interactive Investor's ownership (as a Nominee Company) in the previous 13 higher entries!? They must have at least my 10m+ shares plus, many of yours?I don't believe they're owned by Barclays, HSBC, HBOS etc in the Nominee Companies that are listed... so, where are they? Any ideas? Cheers.
I've bought another 2 * 250k this morning too (at 4.05p and 4.07p) but no sign of those trades either?...
Morning KK... the 545,904 was definitely another top-up buy from me.
Morning KK... they do T2, T5, T10 and T20's... and at a very modest premium and I was just checking on a couple (not Casp) that are due on the 31st. Cheers
Morning all,
Just noticed a rather strange thing in my Interactive Investor Account. Transactions that are due to settle on Monday 31st October don't appear on their Settlement Calendar pages?!... every other date is fine. In fact the the actual date itself is missing...
I've never quite understood the psychology of investors that don't actively promote the company in which they're investing. If we aren't actively supporting our progress and the very significant potential upside, then how can we expect to tempt new investors in to push the share price higher? I know that 'shorters' would have a different perspective, but I'm 99.99% sure that we don't have any 'shorters' dealing in Casp? I'm not proposing that we ramp the share, but a positive spin on the potential here should be our collective aim... shouldn't it?
Yes, I'm over a third of a £m down having first bought in around 10p almost a decade ago. I agree with you that the oil is there, it just needs extracting. Personally, I feel that we have artificially lost cameras and broken drilling rods in a plan to minimise sales when the price of oil is low, and a minor miracle might occur when the time and price is right!? Might be over optimistic, but I genuinely believe that our concert party are acting very much in their own interest... but, fortunately that aligns with our interests too ;-) Just hope the transformation happens before I 'peg it' ... A 10-15% dividend could send the SP stratospheric, especially when the FTSE is so depressed. Wish someone would tell Clive that timing is everything in life... Cheers Tyr
Thanks KK... that's very handy insight... I completely agree with your logic, but I've also got a bit of 'large shareholding envy' ;-) I thought I was doing well with 8m, but that pales into insignificance... and does make your original suggestion of 10-15 holders owning 25% of the free float far more likely. Cheers Tyr
Hi KK
I think it's unlikely that 10-15 of we PI's hold 25% of the free float?... I'm only speculating, but I'm only aware of one person that's in the 10m+ shares category ;-)
I think it's likely to be nearer 50-60 share-holders that perhaps own 5m+ shares each... which represents £100k+ investment even at the miserly 'tuppence' share-price. Reflecting on that it might even be nearer 100-150 share holders holding that 25% free float? Still a very low number compared to most other companies.
Great map Wolfi... I haven't seen anything similar before. Just wondering whether anyone in our group has the ability or knowledge to offer a view on whether any of the owners of the blocks that are marked in the Caspian Sea might need the Caspian Explorer on any of their imminent drilling programmes?
...and the 250k top-up was another small buy for me... I'm still not crystal clear why the MM's published spread is close to 10% above the actual buy price... especially on such light trading? It can only tend to discourage buying which doesn't help anyone? One of life's little mysteries...
Hi KK... I picked up another 250k (a 200k + 50k) at 3.08p this morning ;-) so not quite such bad sell v buy stats.
Hi KK... I always think that your posts are really interesting and well balanced, and you don't use hyperbole... so, I was intrigued by your post at 7pm yesterday and the final sentence "I can guarantee we will get news pre the Interims come end Sept !! ". I don't think its your style to use the word 'guarantee' unless you have reason to do so!? Has Clive intimated anything to you sir? Do hope so ;-) Regards T
Morning Badgernator
I'm a very long term holder, and despite consistently poor communication from the Company (especially around the timing of the inaugural dividend payment) I'm still of the view that there's a significant disconnect between their Market Cap and the value of the assets that they own. There's a strong possibility that they'll be the highest yielding stock in the AIM, or even the FTSE this year... and that will attract a lot of attention... especially during these times of high inflation. With my optimistic hat on, I can visualise a return to a more normalised P/E ratio of 7 or 8:1 when the dividends are on tap, and that signals a return to 20p+ per share. At that point I'll be hanging my 'investing boots' up somewhere very warm and sunny ;-)...