Caspian Sunrise Share Discussion Threads

[bagpussgoestosleep] 13/12/2024 18:01

Quick update on CoffeeCups: he was heavily invested (leveraged) in BMN which has now been suspended and I think he's been made financially bankrupt. Sad news as he seemed clued up but just made a few bad calls.

[the new norm] 13/12/2024 12:48

Max

I like your analogy with bookies!

Hoping CASP is first past the post at 10/1 and not a faller at the last hurdle ;-)

[maxim1999] 13/12/2024 08:39

While the market makers are bright they don't have the time to look at each stock. Some of these small traders have 100 + stocks to make prices in. While they keep dividend dates and the odd corporate event they infrequently have a position unless it's based on pending orders. They are unlikely to look at fundamental research and would only take in to account the view of an analyst unless he has a really strong view. I am guessing they are like horse bookmakers . They don't have much of an opinion on a horses odd unless they see lots of bets being made.

[scrwal] 12/12/2024 17:04

I reckon an RNS gets released an hour before close on the 24th.

[the new norm] 12/12/2024 15:12

How odd!

The smallest UT I've ever seen....£3 WTF!

CASP MMs are a very weird bunch!

[the new norm] 12/12/2024 10:55

Wonder if Clive will surprise us again with a 12:43 Thursday intra day RNS?

[bluemango] 12/12/2024 09:19

For info, current spread is around 3.05 to 3.13.

159k was a buy.

[the new norm] 11/12/2024 16:19

3.25p for 325k shares

Impressive symmetry MMs ;-)

[credock] 11/12/2024 13:57

Id say GAGGING. I just want 10p plus to sell and live the life of riley .LOL

[the new norm] 11/12/2024 13:22

C

pick your favourite synonym!

Impatient

Restless

Edgy

Anxious

;-)

[xclusive2] 11/12/2024 13:09

Length of time for sensible return ? As stated, impossible to say but I'm sure our leadership are wanting a rerun and Kuat is not getting any younger . The Concert Party have amassed a collection of assets and built up a 50% position in Casper. Kuat has converted a $6.4m loan for equity so why do this if they weren't confident of a return. I believe that cash generation will happen 24/25 starting with AR deal. The next chunk of cash could come from a BNG sale but that depends on licence approvals and they have 9 months extension to complete that endeavour. Just the fact that they are selling BNG blocks will move the share price considerably. They could sell CE this year too, depends on charter prospects. The other assets ie B8 & WS, hopefully they become the daily cash flow generators and if so, this flies. Hopefully won't be saying the same thing in a years time !!

[credock] 11/12/2024 12:02

Whatever Antsy is Norm i have been like it for about 10 years waiting for these to deliver lol.

[the new norm] 11/12/2024 11:36

Credock my footballing mate ;-)

Your question regarding patience is a good one

I'm only an expert on my own patience and cannot proffer a view on other PIs tolerance of a paused situation

From my perspective Clive is now back on his pre covid remuneration package and I would therefore hope that he is working his nuts off to get the Shallows sale completed, the various licence renewals negotiated and the various CPRs completed in short order

I'm giving him until next years AGM to deliver on this to do list. Whilst he is beholden to Kaz bureaucracy on most of the matters, he is paid a substantial sum to find ways through the process and get best outcomes for CASP

If CASP is still on pause by that time I guess I will be getting a bit antsy!

[bluemango] 11/12/2024 10:59

Nobody knows. Anything from just a few days, to who knows when.

It's called risk, what you exchange for (hopefully) reward. If you want no risk, sell up and put it in a bank savings account.

[credock] 11/12/2024 10:53

Dear X. Please give me the correct answer here LOL. When so say patience is required do you mean for a few months ? Or as usual per Casp the whole of 2025.

[xclusive2] 11/12/2024 08:39

NN,I agree that the sum of the assets are worth far more than current discounted share price Zeus believe 10.9p but the true value will gone from proving up the key oil assets. They can sell the assets individually hence the splitting of the structures on BNG and B8. As we know, if they flow any of the wells on NY/Airshagyl, Sholkara or Akkaduk then the valuation goes through the roof. If they don't flow them then BNG structures will get sold and value ? who knows but your 6p won't be far off, maybe a tad more. Don't believe CE worth 4p, probably 2-3p but at done juncture, they start to erode that discount as you've said. Patience definitely required !

[the new norm] 10/12/2024 12:57

X2

the MMs want you to reach that conclusion and fall into their trap!

Go figure over 600k shares sold today but MMs will only let you buy up to 150k shares at 3.09p

Manipulation ;-)

[xclusive2] 10/12/2024 11:26

Ah well, somebody(s) want out and down we go again. Who knows, may need the money for Cmas entertainment or just had enough. As I said, doesn't take much to move the price, the AR completion news will do that .

[maxim1999] 10/12/2024 10:43

This is a very important posting. It says to me that good news will feed in to the share price but as the companies demonstrates progress is being made it will erode the discount the shares sit on to the real NAV. I think the shares trade back up to 6 p shortly. Technically over 8 p they have significant upside.Buyers who are under weight or are wavering should act now while this discount remains.

[xclusive2] 10/12/2024 08:59

Also good to see a few buys and as we know, it takes very little to move the share price in a thin market. Bid up to 650k although can sell 350k at 3.11, buys at 3.29p. Tick up coming :)

[xclusive2] 10/12/2024 08:33

PANR news today was positive and maybe our Shin could take a leaf out of their book when communicating well results with proper technical information.

[the new norm] 09/12/2024 20:17

Special Dividend 2p

BNG Deeps sale 6p

CE sale 4p

WS value 1p

B8 value 2p

Current 'Clive will never deliver' discount 80%

One blockbuster intra day RNS could be a game changer any day soon ;-)

[konil] 09/12/2024 12:59

not for forseeable future.
5p would cost in excess of £112m.
i'd settle for 2p, costs £45m.

[xclusive2] 09/12/2024 12:09

I'll give you a clue. More than 5p ;)