Caspian Sunrise Share Discussion Threads

[ngms27] 17/3/2020 12:34

Barge pole

[rutter] 17/3/2020 12:33

Anyone tempted to buy at these levels or would you rather wait at this time

[maxim1999] 17/3/2020 12:13

Let's imagine we did not own A5 and the company took advantage of the current economic environment to acquire some further Deep exposure. Bearing in mind they have taken 4 or 5 years to get to this point of development that we are at now then that strongly suggests new assets would look like A5 in around 2025?In other words should the co being buying further assets, particularly of the rusting hulk variety, which on current trajectory may not be cashflow generative for the best part of a decade? Discuss in no more than 500 words or one depending how bored you are. I think we all agree that progress is being made. But sadly at a speed that makes the movement of a glacier look like the particles in a Hadron Collider. Let's hope we concentrate on developing (a.k.a) what we have rather than issuing more deeply dilutive paper to sort out another withered branch on the KO family tree. Exciting times !!

[konil] 17/3/2020 11:24

gsa / dhb

i see both sides, on balance slightly veer towards dhb stance, casp just do not have sufficient cash flow to carry through to suggested deals...but (there is always a but!)...

will contacts in all the right places get them a cash bung from the govt as an enabler, to be repaid later...

sounds unlikely but these are unusual, maybe even unprecedented, times.

[georgesorearse] 17/3/2020 11:22

DHB ... the thing is with this market place when Majors are exiting they can be very accomodating.

When a countries production is falling and their people are out of work ( Kazak has a high employment rate of local people as per their unique sub soil users agreement ) then their Governments can become very supportive of a local man who has a solution that protects them.

Fortune Mojapelo of BMN took Vametco off of Ezraz ( Roman Abramovich ) as they exited South Africa but they "couldn't afford it" as didn't have any money, they struck a deal for $16m which was far underneath what its book value was, borrowed $6 from a South African firm called Yellow Dragon and Evraz left them $10m "of a minimum value" of prepared Vanadium flake in a pile on site, ready to sell all written in the contract.... as this happened China announced it was buying vanadium and that value increased.

So tell me again - why do you need money at times like these ? what you need are negotiators and owners who are politically connected.

[dhb368] 17/3/2020 10:01

GSA. Casp do not have any money to do those deals.

If they had got their finger out they would have been pumping $$$s more each year and be sitting on cash.
IMHO those opportunities will pass CASP by.

[georgesorearse] 17/3/2020 09:58

Control - I'm starting to view Casps management in a slightly different light - Zero debt and cheapest producer out there .... ok on very low volumes - can it cover its costs if it only drills the MJF and mothballs - everything else - yes.

Is it is a position to take distressed assets from Banks or larger operators who are protecting cash flow and does it have the Government contacts and influence to ask for the terms to be amended until those fields will be profitable - yes.

Im back in as much for the potential of Mr O to cut deals down here to go a long way to becoming Kazaks 4th Largest oily as I am in the knowledge that CASP will be here towards the end of the year still pumping its small amount of oil.

This is when you bring Tim Field out into the open and ask him to go earn his money.

[dhb368] 17/3/2020 09:33

Congrats Control1.
That is something I never seem able to do and I 'knew' the DOW was a bubble I was unable to sell all of my holdings. Kept CASP and JAY.
It didn't stop me shorting the DOW a little bit as a hedge but that only reduces the losses on my long positions :(
Didn't short FTSE (as I wrongly thought they were better value) and even nibbled some long positions (too early) on 'safe' shares.

I am unable to completely commit to shorting. Feels dirty.

[maxim1999] 16/3/2020 23:13

Tried to buy some stock at 2.50 p and the shares rallied with the US market so nothing done.I think tomorrow the stock could take a spanning .

[xclusive2] 16/3/2020 19:12

Looking at the Dow and the futures, going to be another sell off tomorrow. Clive hold the news back old chap unless the Dow starts to rally ?

[xclusive2] 16/3/2020 17:40

News this week on 150 and needs to be positive otherwise we might be seeing historic lows in the 1p range, now that would be a bargain. 153 should be progressing nicely and maybe they're getting somewhere with A5 although i doubt it very much. Might even have the acid back from China. A positive 150 @ 400bopd and A5 cleaning up and flowing at x, that'll do for a starter.

[dhb368] 16/3/2020 14:13

That is now 2 strong DOW bounces off the 20500 line over the last few days. Lets hope that support holds.

I always thought that DOW was overvalued based on EPS etc, and the FTSE was much more fairly valued, 20% less comparatively.

So why is the DOW down less than 30% and FTSE down more than 35%? They have more cases, a healthcare system that excludes 1/3 of the population and bankrupts the rest.

On a separate note, I think that Boris may miss his Dec 31st deadline for a trade deal!

[pendragon2] 16/3/2020 13:49

These prices are becoming irrational.

Makes me wonder if we will see the markets suspended…???

[georgesorearse] 16/3/2020 12:53

LOL @ Maxim

[maxim1999] 16/3/2020 12:20

But if you stay on the Caspian Explorer and go the full board option don't expect the meals to arrive on time (if at all ), you may not get what your ordered , when you finally do get served portions maybe a lot smaller than expected and all that assumes CC has eaten already. Ironically the one prediction they did make around us enjoying Exciting Times has finally come off.Exciting Times !!

[georgesorearse] 16/3/2020 12:00

Had more at 2.749 - missed 2.65 on the refresh of a screen.

Shortly afterwards large buys logged 3m and over.

Good post from Adrianz on LSE re this is a safe bet simple business structure not a house of cards.

Credock - thanks yes Gritster is a good poster.

[xclusive2] 16/3/2020 11:47

Toggle,

It's now valued at 77% discount, i may buy it myself !

[xclusive2] 16/3/2020 11:45

Don't see that happening. All banks will be supported by all the Central Banks and the challenge is 90 days of cash flow for all the big corporations. Could be wrong but i don't think so. Took another 30k of Casper on a F&K basis as can't get it at market trade ? Still got a few more to add.

[togglebrush] 16/3/2020 11:45

Italy, Spain, closed: No Flights Mediterranean;
'
Be a first foot holiday maker on the Caspian Sea,

staying aboard the exclusive “Caspian Explorer”;
as an Investor you will be privileged to dine at the Captain’s Table;
stimulating and entertaining lectures on Drilling Oil Wells and writing Business communications by an experienced team.
'
Be adventurous and get with the action.

[jostrummer] 16/3/2020 11:38

the real risk now is a bank run, remember we have had these huge falls over the last few weeks, all without one.

[xclusive2] 16/3/2020 11:37

Jo,

Barclays may be premature when you look back at historic lows over last 30 years or so but i'm happy buying in the 80s. There will be bad debt, defaults etc but they will trade through and it may take a few months but they're not going under. Could it drop to 50p ? maybe but i'd but some more and be happy with my 67p average, it will bounce.

Still struggling to add Casper stock easily and my 30k F&K wasn't executed for some reason, heyho.

[xclusive2] 16/3/2020 11:29

Jo,

Maybe but i figure that Barclays will be supported and Caspian can mothball ops if needed so will survive and 2.7p ish is ok in my book.
DHB,

Yep, that's my mindset. Important that we stay positive and motivated, especially in business. We service the print industry and we are being creative re our finance propositions, ie giving rental holidays, funding cash backs to support cash flows etc and it's working, businesses are still buying. We've written £350k of business this morning and it will continue providing the govt doesn't stop me from delivering the kit. Firms need to trade and if they're good businesses, cash is king and if i can be creative to support for 6 months, no rental, no service costs, a cash back etc, the wheels of business will continue. It's not for free, i will make money, the customer will pay interest over a longer term BUT they will trade through.

Re positivity and mental strength, we all need adopt that headset and push on. Yes there will be casualties sadly but no good stopping everything, the economic fallout will be disastrous. Clocks forward on 29th March, sunny days and light evenings, there will be survivors relating positive recovery stories and the virus will subside eventually. The herd immunity strategy makes sense to me as business continues, the elderly lock down also makes sense and the NHS will deal with it although there will be crisis times over next few weeks.

[dhb368] 16/3/2020 11:13

Have to agree Smarty. When we start to have details of 'survivors' and the reality sets in this will hopefully feel overdone.
The fit and healthy will get 'flu' at the worst and unfortunately the old and 'ill' will take the brunt of it.

To put it into context. China death toll from CV19 3000+, UK deaths from Flu 2014/15 = 28000