Member Info for uncertain

Usual CASP drifting down on thin trading while waiting for news.

I don't think they have the money to buy us out.

Some members of the family have cashflow problems on their other assets which have been bought up by CASP, using revenue from the shallows sale as a source of investment. This increases family members liquidity while at the same time moving CASPcloser to 50% family control.

Whatever happens in Ukraine after Trump's win, the market for CASP shares is currently unconvinced. Bitcoin is doing well though, which usually prospers in times of uncertainty and chaos. Keir is going to have a tough time with his promise of stability.

Gritster, I also wondered about selling at 8p. The value of the company based on the current sp is less than the revenue from the shallows sale and the value of boaty, although we do have some net liabilities outstanding. Let's call it a valuation based purely on realisable net assets with nothing in there for future production / profits.

The good thing about this position is that any good news should shift the share price up, particularly any commercially viable new wells. I think that's what we're all waiting for here.

The mining, while a useful diversification, and probably popular with the Kazakh government, is difficult to assess at present without more information.

Somm, thanks for correcting me on AIM inheritance tax. I can't have been concentrating through that bit.

On the CASP sale of MJF and Yelemes, they have repeated that $14m has already been received, so the sale is clearly underway. Hopefully only minor details are now holding it up.

PS also protected because AIM is still protected from inheritance tax

Unless it's all in an ISA like mine.

Yes

Can we expect an RNS next Friday??

Waygooze, I can't think of any good reason, if you think that, why you would post it. I can think of a bad reason.

We are drifting down as we wait for news. This is a familiar position to those of us who have been here a while. There are good reasons for thinking that the news will be fairly good.

The MMs have upped the spread again, I see. Wonder what they're up to.

Funny old MMs you mean. The share opens down and then there are no trades.

Let's make it Easter Mr.C

Only about 8 years I think without checking, Mr cautious. And saying the share should be up a little next year is hardly a this time next year Rodney statement!

The cash is coming. What will be done with it remains to be seen. The last few years have been hamstrung with worsening cashflow and net liabilities figures, so turning that around opens possibilities. I don't think its unreasonable to be mildly optimistic.

Hopefully the next RNS will give us a clear indication of the strategy for deploying this cash bonanza (hollow laughter).

The big change in CASP in the second half of this year is that their immediate cashflow problems are likely to be solved soon, by boaty and the shallows sale. In my opinion, this makes all the difference to their chances of success, both in the deeps, the new mining venture, and later the coming new production licences.

I won't try to forecast the share price, but I am moderately optimistic that it will rise over the next year.

DM, I think his reply has more to do with a mischevious remark of mine suggesting that he and CC were the same person. So it should be 'sorry Smarty' from me.

I was not really following the events of last week, as I was away at a funeral in Sweden. Having caught up over the weekend I think the exasperation of the board at the sp not reflecting the assets true value, while correct, shows they don't understand the situation properly.

The sp has risen on the hope of dividends and, briefly, when there were dividends. It may be, as Smarty says, that they are hoping to sell in the long term when the business is more profitable, but by switching family assets in and out of the company they have undermined trust that the benefit will accrue to the PIs.

I think it likely that they are acquiring the mining asset to use the sudden inflow of CASP cash to develop that part of the family businesses. It may be overvalued to extract a little surplus - difficult for us to tell. If they wanted to improve their own cashflow by selling some of their CASP shares, then a dividend would be the best route to achieve that end. It would also raise PI trust in the concert party's ultimate aims.

Iwwtboototw.

Smoked you out!

Anyone know where Smarty has gone to? Has he eloped with Coffee Cups? Were they always really the same person?