No licence can't drill.But still agree with you we should be kept informed no matter what's happening |
Someone just posted on LSE about 7 months with no drill info. What a discusting way to treat shareholders. |
"so an exit close to fair value will be a multibagger from 2.9p"
agreed!
i'm assuming they would enhance the value of the deeps prior to any consideration of exit, so if its going to happen its some way off yet. |
Has to be news in next 4 weeks of course. The new long stop date for shallows sale being 28th Feb. |
Agreed NN.
41k and 69k trades are apparently buys, btw. |
Think current share price is close to fire sale valuation, so an exit close to fair value will be a multibagger from 2.9p
Don't think we will be waiting much longer to get a rapid flow of news ;-)
Does this presentational slide from 26 Sep 24 qualify as the last operational update 4 months ago, with Shallows producing 1600 bopd? |
nn, i dont have confidence in this lot to execute anything over any time frame let alone repetitively on an annual basis. just not in the dna of this company.
best hope is for one off divis returning some cash as assets are sold, or prep assets and hope for a buyout at 'fair' value, while the company has cash so doesn't have to settle for firesale numbers.
i'm guessing (hoping really) the management and cp have had enough and are looking for a profitable exit. a good cpr after further deep drills or better still one flowing deep and it will be possible. |
frustrations here got to me years ago!
i'll cash in my chips when i can do so without loss...may never happen.
meantime divis, if they ever happen, will soften the blow. |
Dunno NN, fwiw I think 1p special dividend would be awesome! |
Think you are letting the frustrations of no news get to you today K
Sounds like you need to cash in your CASP chips and find a new interest?
You forgot selling the boat gets us another 3p special dividend ;-) |
Can see the shallows sale dragging on to end of Q1 25
Market missing the point that $2m cash is flowing into Bank Account each month while we wait
West Shalva acquisition will be paid for in full from this additional cash flow, no need to dip into the sale proceeds for WS acquisition, smart!
Our Clive is a shrewd old cookie ;-) |
Pure guess a a lot of wishful thinking.Hopefully not long to go to something happens |
I'd be delighted at £0.0035 Special Dividend, Jimmy. Probably the top end of any estimate.
Also I can't see it taking long to sort out the logistics of a special dividend, once they have the monies from the shallows sale in the bank. At least that would be one thing where they're not relying on the timescales of third parties. |
If AR/KMG are waiting for an improving exchange rate then we are in for a very long wait. |
Does anybody want to hazard a guess to what the special dividend would be if they give one out .This is just a pure guess but I'll go for £0.0035 (. I'm bored ) |
My guess is that AR/KMG are dragging their feet on completion waiting for a more favourable KZT/USD exchange rate to convert their huge pile of KZTs into dollars ;-) |
It spiked to over 5p when the shallows deal was first mooted, I'd expect higher when conclusion is reached particularly as they've subsequently flagged that some may be given back to shareholders via a special dividend (or buybacks). Plus there's the surprise factor as many now appear to be assuming it won't happen.
Finally unlocking the licence renewals will also be a catalyst for upwards re-rating. |
I'm not sure it will, there may be a small spike. It's what they are going to do with the money that matters, not the fact they have it (which they haven't yet). They could fritter it away on fruitless mines. There's plenty of those about on AIM. Now if they get a deep flowing, that would do wonders for the share price |
... which is exactly why the price has continued to languish in the doldrums (and will recover very sharply when the deal is finally delivered) |
Nothing will be resolved until the shallows are sold. The continual extension of the long stop isn't helping as that creates uncertainty as to, are there still some problems and if so why? The deal should go through but it hasn't yet. |
You never know but it believe we wait til next week |
X2
Clive likes to publish intra day updates on a Thursday ;-) |
To win it or lose it, hopefully the former :) |
Daily trading volume v.low this month
325,000 daily share trading vol
To put it into perspective that's only 0.000014% of issued shares per day
It will all change when the next RNS drops and we get a 25m+ share trading volume day
Yes X2 you certainly need to be in it ;-) |
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