Member Info for uncertain

Dividend Anxiety is finely balanced against Fear Of Missing Out in todays busy CASP market, with the sp steady. With the CASP communication reputation keeping us all guessing about what the **** is exactly going on.
A good time for a technical discussion about choke size, oil pressure, drilling fluids and flow rates. Thanks for the diversion guys.

Talk about divi anxiety, I am getting dive anxiety!
Sorry to hear about your situation txcman. I have been in a similar position in the past.

Perhaps that's the problem rocketeer. No-one has volunteered for the dive.

I think the RNS has been delayed, because the dividend is going to be increased to celebrate the deep "success", and they are having a friendly family argument about how large it should be and in which month it should occur.
Greetings from Valencia Smarty. Don't go on "holidays". Just keep travelling.

We humans have a cognitive bias about the significance of whole numbers. We don't get excited about 5.97p being busted, but somehow 6p is more important and then we have to wait until we reach 7p before getting excited again.
The important thing is that it is gradually and inexorably rising - until it goes ping of course

Some absolutely fantastic ramping going on this evening, and all entirely believable. That is why we are all here - not because we know it is true, but because we really don't know it isn't.

I am convinced this is a multibagger, but it could just be a megabagger.

Jimmy g, they have always said they will borrow to build a pipeline

I think it likely that CASP will plateau or rise slightly tomorrow. 150 shares were bought for 6p today, but perhaps another RNS will be necessary to break through that barrier.
Badge, I'm with you on holding. This has got a long way still to go. Not so much a multibagger, more of a megabagger.

If today's flow continues, I think a 25% increase in monthly dividend should result. I based my 6p to 7p estimate for today on this estimate.
It is possible to be much more optimistic than this, and I am certainly in this camp myself, but the market may still be a little cautious towards CASP

Between 6p and 7p today I think

CASP doing its normal slow slide between RNSs. Fortunately there is another one coming quite soon

So to summarise, Somm, CASP is worth somewhere between 21p and 102p, or somewhere between 4 times and 18 times its current sp.
If anyone out there is considering selling this share, could they please explain to me what their reasoning is?

Failure in the deeps has indeed caused the sp to fall sharply in the past, but only when the sp was considerably higher than this, pumped up by a false hope. What would cause the sp to fall this time would be problems with horizontal drills in the shallows, but this seems very unlikely to me.

Well said Chumbawamba

Or perhaps they'll go "silver fox" hunting. Gandalf will be far too wily.
There were a few tiny purchases today just shy of 6p and one on the sixpence which looked looked a bit odd.

....but rocketeer would still be disappoointed.

A two month charter in 2023 would make it hard to argue against a 9p valuation here, even without the expected output increase in the next month or two.

What have you got against Gandalf cc?

DM, I have now re-read the RNS AFTER waking up. So $9m extra income next year, with possibly more to come this year. I think we should be in the 5-6p range by the end of today.

There's a mention of a possible second charter at the end of the RNS, which implies the first charter is time limited. Anybody got any ideas about how many months the $4.5million is likely to be coming in for?

HMHG, CASP are in a steady state cash cow situation in relation to the shallows, hence the dividend.