Civitas Social Housing Share Discussion Threads

[scrawler] 25/7/2008 22:03

this is what masterman said on 7 july 2008


Commenting on the acquisition, Michael Masterman, CEO of Caspian Holdings said: "We are
delighted to be able to announce the acquisition
of Black Gold. Rising oil prices have made it possible for companies such as Caspian to
capitalise on opportunities which would have
otherwise been marginal. Indeed, many of the major oil companies did the initial work on these
fields but abandoned them for fields in Saudi
Arabia, with higher flow rates. Black Gold is a great asset for our company, requiring limited
capital investment and can cumulatively make
a strong contribution to oil production.

With Black Gold and Pine Meadows in the USA and Zhengeldy in Kazakhstan we can potentially
have three oil fields in production within
six months. Our focus, with current oil prices at around USD145 per barrel, is oil
production."



surely he knows better otherwise he woudn't throw his own money away easily.
caspian now is already producing oil.
just enough to break even now. with in six months we'll have three oil producing fields. and hopefully the share price will be above 10p which is the real worth of csh.

[enamel] 25/7/2008 10:08

Masterman has just brought another chunk. He may have plans to expand but oil/gas still needs to be found. An update is overdue.

[phil2003] 23/7/2008 15:10

CSH is in a secure downtrend, thats the only given here.
anything else is mere hope and / or luck (CSH missed targets & having shown themselves as unreliable far too many times to be trusted, hence the chart)

I hope you get lots of luck & make a mint.
this one's not one for my hard earned.

[scrawler] 23/7/2008 12:28

in todays market there's nothing like a solid share. just take a look at the banks and retailers. of course in caspian the risk is greater. the more you risk the higher potential return.
intstit.s very few of them invest in small aim stock.
managment has and it's still investing a lot in this company and believe at last now we're going in the right track.

[phil2003] 23/7/2008 12:21

Jackmcwrinkle, why excactly ??

geezuz.. i lost money when i got out of these 2 years ago.. now look!
I think in todays market CSH (or their very dubious management) just don't fit anyone's idea of a value investment.. talking insti's not pi's.

dodgy.. dodgy...dodgy.

foolhardy at best to throw good money after bad.. i'd rather have 5 solid shares than 5,000 of this dubious punt.

might goto 5p.. just as easily might go bust.. I'd rather goto Vegas.

[scrawler] 23/7/2008 10:28

there we go now. soon start of production news from khaz.
just averaged it down yesterday.
wish i had more available cash to buy more.
good luck to all

[jackmcwrinkle] 17/7/2008 14:16

Time to pile in ... or shall we wait for news?

[sanroc32] 11/7/2008 11:55

M55doc I am with you on that, we were led a bit up the garden path by GC at the time, but it is all in the game. We tend to blame others when we make mistakes and pat ourselves on the back when we make good investments.
I might be mad but if this does drop as low as 1p I would have another dose, just to average down a lot. I am only using money I have already made, so it is a bit of a risky gamble, but the gains from 1p might be nice, if there is some news of an oil find, we could get a bit of profit. Anyway good luck to all in whatever companies you invest in.

[nigthepig] 10/7/2008 17:53

A lot of bad feeling on here and probably quite right as well.
But scrawler, you may be right when you say:
"i'm positive this share will double from it's current price in a year at least".
Just a thought!!!
In theory its not much of a rise from the present doldrums

[btut] 10/7/2008 17:29

MMMMMMMM???????

[domtheone] 09/7/2008 21:05

LOL!

Peeps will never average down here.

Would you give your money to a lying, scheaming, cheat?

MM deserves to be behind bars for the downright lies he has peddled over the years. Absolutely scandelous and the only reason he isn't is because AIM is unregulated. Had this happened on the FTSE and there been institutions (legitimate ones not dirty money), he'd have been ousted a long time ago.

Sooner CSH is closed up the better. Shame that investors have lost out but hopefully, MM will never run a public company again.

99.9999999999% if peeps will never invest in anything that he's connected with again.

Still way over valued. 1p soon.

Best thing to happen would be for MM to disappear down a well.

[scrawler] 09/7/2008 16:49

i think is about that we get a bit more positive about CSH. now that the company has spread the risk a bit we will hopefully see some rises to the share price. this is propably the best set of good news this company has released during the whole of its existance.

i'm positive this share will double from it's current price in a year at least.

those of you who are running huge losses is about time you average it down.

[domtheone] 09/7/2008 16:06

spaceparallax - 9 Jul'08 - 09:51 - 27337 of 27339
How on earth did we manage to get 3p per share in the fundraising?



Indeed.

who in their right mind would hand over a six figure sum to a fraudster like that.

Must be dirty money, imo.

Already they're down 50K lol and with this set to go to sub 1p soon....idiots.

One day they'll regulate (or get rid of) Aim so that conmen like MM cannot bring dirty companies like CSH into the public domain.


edit: what mugs bought into the last false rise?

[enamel] 09/7/2008 12:47

Masterman your my favourite for a good laugh.

[phillis] 09/7/2008 12:35

and thriving thanks!

[spaceparallax] 09/7/2008 09:51

How on earth did we manage to get 3p per share in the fundraising?

[tonester30ccfc] 08/7/2008 17:26

Phillis,

Life is about lessons old boy.

Learning by other peoples mistakes are the best ones. The mistakes you make yourself are painful and in respect of Masterman and his lies and deception, I learnt a very valuable lesson.

I'll never invest here again although I will take the occasional short and of course have some sport along the way ;-)

Are you well?

Tone

[scrawler] 08/7/2008 16:25

5bopd per well is he having a lough?

[phillis] 08/7/2008 16:10

and you the original great ramper!
along with GC overhearing conversations in gym changing rooms.

[tonester30ccfc] 08/7/2008 13:23

5bopd per well amounts to a grand total of 40bopd across 8 wells. I guess it still gets to $2m annual income, but no detail is given of whether the cowboy Masterman will ever achieve this or what Capex is required to attain this production

Masterman the Scavenger King. LOL!!!!

4,000bopd and I still wouldn't touch anything he is connected with

Tone

[grlz] 08/7/2008 13:16

markin - looking at the share price seems the city boys have MMs card well marked, still a good day for the shyster as he fooled that employee into taking some dodgy stock in lieu of pay.

expect a 200k sale sometime soon ;)

[markinthepark] 08/7/2008 11:19

Well he certainly can talk a good story...I'll give him that...just a shyster hoping to get away with yet another smoke and mirrors act on the back of the high oil price and peoples greed.......

[tonester30ccfc] 08/7/2008 11:15

Further Expansion into the USA with the acquisition of Black Gold

Caspian Holdings(AIM:CSH) has progressed its expansion in the United States with the acquisition of a 50% interest in Black Gold of Kentucky Inc. ("Black Gold"). Caspian will be issued shares in Black Gold for a cash payment of US$400,000. Following this purchase of shares, Caspian will hold 50% of the issued share capital of Black Gold.

Black Gold is a new company, focusing on the fast track redevelopment of oil fields with its initial project being the Irvine oil field in Kentucky, USA. The Barnett lease, near Ravenna, is the first lease in the field to be reopened and contains 8 wells. All the wells have been worked over and production is expected to start in July 2008. Target initial production rates are 5 barrels of oil per well per day.

The Irvine field contains approximately 1000 old wells which were put into production by the major oil companies in the 1930s and 1940s and then left abandoned when they were deemed uneconomic. The Company believes that in today's oil market that is no longer the case.

Placing

In order to fund the acquisition, the Company has raised £285,000 net of costs through the placing of 9.5 million new ordinary shares at an issue price of 3 pence each with existing and new shareholders.

The Company has also issued 200,000 to an employee as part of their remuneration package in financial year to 31 December 2007.

Application has been made for these 9,700,000 new ordinary shares to be admitted to AIM which is expected to occur on 15 July 2008.

Commenting on the acquisition, Michael Masterman, CEO of Caspian Holdings said: "We are delighted to be able to announce the acquisition of Black Gold. Rising oil prices have made it possible for companies such as Caspian to capitalise on opportunities which would have otherwise been marginal. Indeed, many of the major oil companies did the initial work on these fields but abandoned them for fields in Saudi Arabia, with higher flow rates. Black Gold is a great asset for our company, requiring limited capital investment and can cumulatively make a strong contribution to oil production.

With Black Gold and Pine Meadows in the USA and Zhengeldy in Kazakhstan we can potentially have three oil fields in production within six months. Our focus, with current oil prices at around USD145 per barrel, is oil production."



Masterman strikes again. Gave me a good belly laugh on an otherwise gloomy day!!

Tone