Caspian Sunrise Share Discussion Threads

[johngaz] 26/4/2017 09:20

Time to buy. Up we go

[johngaz] 26/4/2017 08:02

(BSG) judging by your comment you must be a long term holder. Hopefully you will get good news soon along with us newbies. G/LUCK.

[bsg] 26/4/2017 07:42

It's probably all gone horribly wrong for a change.

[johngaz] 26/4/2017 07:40

Seems strange that there has been four rentry drills done on the twenty wells contracted out on a 50/50 share of oil found (BUT)No info ??? Surely there would have been a result on the first well drill result ?? Are the wells being cleaned up on the original zones. An acid wash is quite quick and the zone can flow almost straight away. Or maybe they are trying to drill past the old casing to see if there are newer zones lower down ?? Just putting it out there to see what casp investors think. Of course this is ( IMO ) but it just seems strange to re drill four wells with no info on the first one ?? G/LUCK ALL.

[konil] 25/4/2017 21:56

maxim, good point re. the attraction (or rather lack of) to instis. in any case i'd prefer debt funding to minimise dilution but it seems we may be getting an equity placing if they can swing it. perhaps a bit of both.

re. the roxi/baver split, it was approx. 59% roxi / 40% baver and 1% other. after the merger the enlarged number of shares ensures the split remains the same. in other words roxi wasn't shafted (though roxi did give up some small assets in the merger) so overall a reasonable deal. the roxi presentation prior to the merger gave shareholdings and associated details.

[johngaz] 25/4/2017 17:01

Casp have to Prove up as much as possible before obtaining full licence in 2018.selling the oil at full asking price which will be way higher than the $16 at the moment. That's when the big oilers will be making there move for casp. As long as they can prove they have major finds. (IMO) not long for news good/bad. G/LUCK.

[maxim1999] 25/4/2017 16:33

Konil, like most of this we are working in the desk. Blinded by hope over reality. Unclear about the Bav split. What I am clearer on is it is v difficult to raise equity from institutions as the free float is so low. The minority shares outstanding is so derisory, you would need a giant placing of the board holders and or Bav before any new significant investors would be lured in. There is no point in buying stock if you can never get out. I think the number of shares placed would have to be in the order of 30% of the co. I was there once when Carver was asked the question and he suggested it was a giant mountain to climb and that was a couple of years ago. He has to do a lot of marketing and create a lot of value before anybody of any note buys in round here and it would have to be a concert party.

[johngaz] 25/4/2017 15:31

still hopefully for some news this week. Weds or Thursday will be fine by me. ;0)

[konil] 25/4/2017 13:17

maxim, post 307 - the merger was done on broadly equitable terms i.e. roxi and baver will end up with the same percentage holding in the merged entity as they had prior to merger, the share price is not relevant. the merger was not expanding the shareholder base, just bringing the existing shareholders (roxi and baver) together under a single corporate entity, caspian sunrise. also company 'news' would in any case already be known to both roxi and baver because they both were and remain owners of the assets and ops, so not releasing the news is only keeping it out of the public domain, not keeping it secret from either party to the merger.

the point about the share price is more to do with raising finance, either debt or equity, for which it would be preferable for existing shareholders to have a much higher sp, so as to minimise dilution. but if the share price does go much higher and casp needs to do an equity placing (rather than debt finance) then they might find the instis sulking and unwilling to participate because they were not 'let in' prior to the rise in the sp, so the placing may need to be done at a deep discount to prevailing share price which to some extent would negate the benefits to existing shareholders of a higher share price

its a game, and who knows how casp intend to play it.

[johngaz] 25/4/2017 12:03

Estimating what the price will be in the future is a waste of time.we share holders can do nothing but wait and see. It's all upto Clive and friends.

[xclusive2] 25/4/2017 11:14

Bull,

Not to deep and next stops, 12,13,18 and 25p. If the news is right, then all of these will be taken out in one go. Suspect that next announcements will be 808 and Merger, if both positive then we'll be trending towards 18p waiting for the important first deep news.

S

[bullinachinashop3] 25/4/2017 10:42

yeah the hammer was a good trend reversal marker, been moving up ever since! is the cuppa looking good i thought you said the handle was too deep?

[xclusive2] 25/4/2017 10:37

Bull,

Not sure about your Hammer the other day but the handle on my cuppa is looking good.

S

[johngaz] 25/4/2017 09:59

IMO. It's not taking much to move the price at the moment. One sniff of good/bad news in the air and the share movement will rise/drop very fast and may catch a few people out. Great time to buy at this price. Getting very near make or break time for Clive/casp. (Again IMO ) fingers crossed and G/luck ALL.

[johngaz] 25/4/2017 09:37

Read somewhere end of April 2017. If anyone else can confirm this as I'm not 100% sure. News anytime soon (if it is correct) many thanks. G/Luck.

[maxim1999] 25/4/2017 09:11

Just strikes me that if the good news had come out ahead of the merger and the share price had gone up dramatically then there would have been more dilution for management and shareholders. Therefore wait for the merger to be agreed and then release the good news and at that point less value would have been passed to the merged shareholder base.Conclusion: No news till after the authorities have given approval. When's that ??

[johngaz] 25/4/2017 06:52

Togglebrush. Lots of numbers and assumptions.most of what you posted has been said before. But it is good info. But again it's just not the news most investors want.thank you for your contribution.allways a good read. Many thanks. GL

[xclusive2] 25/4/2017 06:46

Toggle,You need to get out more or join the KNB.....lolYou may be right and all on hold until Merger but I don't think so. Carver has been running the Beauty Parade and that had a fair chance of increasing the share price rather than stabilising it ? I believe deal done regardless of price and won't upset merger.News this week on 808, maybe merger too.S

[togglebrush] 25/4/2017 06:15

It is possible that a Stabilisation operation has been in operation since the announcement of the merger at the end of February 2017. Parties to the merger have been involved in the Eragon operation since 2009 and they could be seen as arguing in a Family Saga.Merger took over two years to put together since January 2015. As in all Family Saga there can arguments about minor points until the last episode. I would conject that in this case it may be;-
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The conversion of the outstanding $10,100,525 loan owed to Vertom by the Company. “Conversion Shares” the 80,804,200 new Ordinary Shares to be issued to Vertom in consideration for the Conversion.
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That would equate to 12.5 US cents or roughly 9.75p.... a SPIKE in price above this may endanger the merger ???
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A Stabilisation operation could operate with delayed prices to avoid direct market price visibility. The deals would require deals of a substantial size. That may be 6 times NMS or another such sum. Deals will be both Buys and Sells. The net cost of such an operation could be only dealing Costs.
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Like the best laid plans it could fall apart when it touched reality. In this case reality came in an around 5 6 April. There was the simple RNS on Well 808 and then there was the end of the UK tax year and PRIVATE INVESTORS Bed and ISA Operation which produced a great amount of share activity.
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Stabilisation operations are normally equal set volumes and often delayed or OK. Buys and Sells are objective. Private Investors are normally singular and unique volumes. List is large deals over 100,000 which excepting Bed and ISA are outside Private Investors scale.
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Prices prior to end of Tax Year and Total volumes for comparisons
29 Mar _9.75 __274,307
30 Mar 10.88 1,321,090
31 Mar 10.63 __304,216
03 Apr 10.88 1,152,820
04 Apr 11.00 __720,886
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Deals at Tax Year and then RNS on 6th
05-Apr 11.50 400,000 £46,000 Buy O
05-Apr 11.65 315,000 £36,698 Buy OK
05-Apr 12.29 150,000 £18,432 Buy OK
05-Apr 11.50 150,000 £17,250 Sell O
05-Apr 11.26 133,305 £15,014 Sell OK
05-Apr 11.23 119,769 £13,451 Buy OK
05-Apr 11.50 100,000 £11,500 Buy O
‘
06-Apr 12.13 250,000 £30,312 Buy OK
06-Apr 11.80 236,000 £27,848 Buy OK
06-Apr 11.70 236,000 £27,612 Sell OK
06-Apr 11.50 174,226 £20,036 Sell O
06-Apr 12.00 166,675 £20,001 Buy OK
06-Apr 11.53 173,527 £19,999 Sell O
06-Apr 12.02 165,944 £19,946 Buy OK
06-Apr 11.53 171,305 £19,743 Sell O
06-Apr 11.50 171,305 £19,700 Sell O
06-Apr 11.50 167,221 £19,230 Sell OK
06-Apr 11.52 166,826 £19,218 Sell OK
06-Apr 11.90 105,153 £12,513 Buy OK
06-Apr 11.67 100,000 £11,671 Sell OK
06-Apr 11.58 100,000 £11,575 Sell OK
‘
I think we will be stuck in the current stock price range and without a price boosting RNS until the merger is complete to prevent or upset the deal within Almaty. Hopefully merger will be finalised SHORTLY

BUT THIS IS CONJECTURE and what do I know ??? Apologizes for long post

[johngaz] 24/4/2017 16:47

It's sunrise news TOMORROW Bet your bottom dollar it's TOMORROW come what may TOMORROW TOMORROW we want it TOMORROW it's only a day away. SORRY just passing the time while waiting. :0) G/LUCK ALL.

[xclusive2] 24/4/2017 15:58

If it is two purchases then it would make sense, you know more about it than i do.

Only reason for news delay is -;

Merger
Bad news

So hopefully news this week (-:

Smarty

[togglebrush] 24/4/2017 13:16

A delayed trade is defined as
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1008 OK – Ordinary trade with delayed publication requested

[xclusive2] 24/4/2017 12:53

Toggle,

Only seconds apart and 10.65/10.75 trade. looks rollover to me @ .01p cost.

[bullinachinashop3] 24/4/2017 12:46

just had to sell 30k odd to cover a silly trade, 10.72. about to move higher

[togglebrush] 24/4/2017 12:41

xclusive2 don't think it is a rollover.
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Could be:-
either a "holding the Market steady" to complete the merger at a given price with action taken by an agent (usually a stockbroker) on behalf of a party. (not too HOT, not too COLD) .and similar to stabilisation transactions
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or someone steadily building a holding in baby steps so as to not inflate the price
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or something completely different ???