Caspian Sunrise Share Discussion Threads

[bluemango] 26/3/2024 22:28

Bullish to see, unlike yesterday, most of the day's gain held onto. Bodes well. As sentiment and confidence gradually return, peeps should think it might actually be worth holding on for more meaningful gains over a longer period than just a couple of days.

I'm acknowledging there will be a few stale bulls having been in for several years, but imo now is precisely NOT the time to be banking what for most of them will be only, as yet, a very modest return.

[xclusive2] 26/3/2024 14:05

A couple of chunky BednIsa trades or rollovers, not sure so volume not that high without BUT good to see it's mainly blue. Peeps can't resist trading out at 3.4p ish but I think the upward trend will continue until MJF news becomes conclusive. How do we value MJF/SY ? MJF P1 is c 15 mboe and P2 is c 26m so what number is used ? Is possible included too ? Next the value of the oil in the ground $5 for proven, ? probable ? and possible ? They're stating that the value will be over the carry valuation so what is that. WHI like using the word SIGNIFICANT so let's see if we can get to a realistic valuation. Spangle,You're in the game, what are your thoughts on valuation ?

[maxim1999] 26/3/2024 13:29

Hehehe. I am delighted to be proved wrong!!!It was more a rallying / wake-up call.

[bloomberg2] 26/3/2024 12:55

https://youtu.be/4cia_v4vxfE?si=J37p6OskKaLs4zwk

[bluemango] 26/3/2024 12:54

You ain't seen nothing yet ...

[bloomberg2] 26/3/2024 12:50

Clive must be confident A5 deep gonna blow the doors off

[bloomberg2] 26/3/2024 12:49

Need a deep to fill production gap if shallows sold off for big fat premium

[bloomberg2] 26/3/2024 12:48

Bit of 4s anyone?

[xclusive2] 26/3/2024 12:47

Maxim, Spoke up soon.....lol

[xclusive2] 26/3/2024 10:51

Morning Maxim, Often happens. This stock is being traded and as per my last post, I suspect that many had sold previously and jumped back in on the FOMO syndrome. Then you'd have the morning leaderboard gainers in and outers who saw the initial rise which diminished through the day as they exited maybe. Then those who have been buying in the 2p range and exiting with a tidy profit. Also stale bulls who wanted out, a combo of all probably. Et al, If our Zak Mir is right, this needs to continue to trade above the 200 DMA. Many TA traders could be in for the run up into the 4p range but hopefully any move is supported with some solid news. What does that look like ? well, we have several opps from our current position and some pretty material news due in the next quarter. The shallows sale is an important development whether it happens or not as is the CE deal providing it happens. I sincerely hope that they don't undersell the shallows but they obviously have their eye on another corporate deal, what that is ? B8 or another block ? I'm happier with the current plan to complete 803 and A5. One well on each structure which will add huge value if they're successful. A5 is the most lucrative target but can they change the outcome ie stopping the blockages. Maybe they end up re-drilling a vertical as the current well bore must be closed to being ruined with all the side-tracks. If they are successful and they obtain the prod licence, the acreage then has a real value and they'll be able to conduct the long overdue CPR.The strategy has been laid out and they're looking to create a company generating profit from their assets ie- Services business- Shallows/Deeps- Oil trading- CEWill they ever make the big bucks by developing into a mid sized OE company ? who knows but that's why we're invested and 24 should answer a few of the key questions.

[maxim1999] 26/3/2024 08:58

Never ceases to amaze me when you have an announcement, prices goes up on massive volume then the following day no follow thru.

[xclusive2] 25/3/2024 20:05

He's just looking at the charts and he gets it right and wrong. Disappointing to see share price retrace but it will be interesting to see where it goes next. There will be investors that are concerned re selling the current cash cow and will they get fair value. Could the large players and WCP look to extricate cash as a windfall payment rather than invest back into other assets. Not what Clive positioned today ie the cash from any new deal would be invested into new assets where they believe they have expertise. As per my earlier post, I believe this to be Block 8 but that's pure speculation on my part. The question, have they seen positive results on B8, an acreage that has produced oil and still does from 2 depleted wells. Speaking to several parties or several parties interested as a result of a change of production trading regulations. If that's the case then I'd say that the shallows will be sold, let's hope it's a tidy sum.The most interesting snippet from the RNS imo was the BNG licence upgrade. With the change in trading regs, BNG deeps will have more value to predatory players. The change in prioritisation to the A5 sidetrack demonstrates their desire to price one well up on Airshagyl, the second at 803 where completion will net those licence requirements. It looks as if they're on the exit path from BNG but valuation will obviously be boosted with success on NY/Airshagyl structures. What's going to happen at B8 ?as stated, I believe that this could be a producing field and they buy it v paying the $5 a barrel. That could be another sweetheart deal for KO and Bolthazan but we'll have to see. Other assets , ie CE cash and its future charter revenue and the services business and farm in opps.On paper it reads well and one can see where a little success in any of these plays will add considerable value . Each to their own, tick, tock.

[onsideman] 25/3/2024 17:59

Zak Mir = kiss of death

[bluemango] 25/3/2024 17:38

Chart view from Zak Mir, Casp from around 3:05 into this clip, 'targetting 4.5p by end of next month':

[jostrummer] 25/3/2024 16:20

its retesting the 200dma - sat right on it at the moment.

[credock] 25/3/2024 15:38

Today they have almost put it on a plate for people to buy , top up , wade in, fill yer boots whatever you want to call it and we are heading back to 2p ??? Only at Casp lol

[dipla] 25/3/2024 15:24

Volume dried up after an hour this morning. Thought it have some legs to maintain 3.5p

[jostrummer] 25/3/2024 15:19

yeah does anyone else get the impression we might hear more on this pretty soon - gla

[bsg] 25/3/2024 15:11

I guess some sell at what they see as resistance. Then buy back at support. Risky if an offer pops out.

[bluemango] 25/3/2024 14:52

When it spiked at 3.5p bid earlier I was almost tempted myself to sell a few to buy back later, because I guessed the herd would start profit-taking. But I agree selling now around 3p makes little sense.

[credock] 25/3/2024 14:45

Cant believe the amount of sells ??? Dont these people know they could get 5 times this price in a few months. It just doesn,t make sense .

[stuart14] 25/3/2024 10:33

Still here mate, mad really! I bought July 7th 2007! Long time ago now. Nope, still have the business, am working on an exit, but it is still a few years away. Everything will probably happen at once- which wouldn't be a bad thing really.

[jostrummer] 25/3/2024 10:24

they do have some history with the selling of the shallows, has anyone been around long enough to remember the sale of the first yelmen sales at $100m? great work if you can get it, the current market cap is half of that, not inc the barge or the elusive deeps/ licenses etc - makes for an interesting few months, but then again its always been the case!

[jostrummer] 25/3/2024 10:21

3.175 to sell - preparing for the lunchtime rush?