Caspian Sunrise Share Discussion Threads

[berber1] 10/11/2017 21:18

Does that mean that the children can become directors of the company, considering the number of shares they hold. It looks as if the CEO, has great hope for the future of the company . May be there is something about the company that is not in the open just yet, I think they are re-organising the assets in preparation for the big move. May be it is worth holding for the medium term, may be this time there is no need for more delays in revealing the extent of BNG field.

[twaintwix] 10/11/2017 17:33

xclusive2
10 Nov '17 - 15:42 - 2352 of 2354 0 0

Yep the Rose H response is standard issue.

Our Dosbol has been selling and much that ‘this notification should not be taken as any notification of a sale, the fact remains, he was selling.

I’m waiting to be VERY greedy.

...................

Dobsol's 'sell' RNS was posted on the 30th August when the share price was around 7p bid. If the share price had tanked after his sell then we could say he sold before the crash but the opposite happened. About a month AFTER his selling the price rocketed to above 14p (doubled) and is still more than 60% higher today. So any suspicion that he had 'inside' news that caused his selling goes out the window straight away.
Hi's actions have the hallmark of a distressed seller for what ever reason, and nothing to do with the future of CASP imo.

[konil] 10/11/2017 17:22

if dosbol is a baver quotaholder then surely he can't have been selling?

i remain a little uneasy about it all but hope it comes to nothing.

[timberwolf3] 10/11/2017 16:29

Mr orazimans daughter Aidana Urazimanova is the managing director of Baverstock

[hiddendepths] 10/11/2017 16:21

konil - I don't see it as a negative development. It clarifies the issue of the former Baverstock shares, which is welcome. I rather like the Oraziman lock-in, not that it's necessary really as Kuat clearly believes that this is going to make his fortune - and also make his kids wealthy.

I'm not so sure that Dosbol has been selling but I guess we'll get an RNS at some point if he has.

[xclusive2] 10/11/2017 15:42

Yep the Rose H response is standard issue. Our Dosbol has been selling and much that 'this notification should not be taken as any notification of a sale, the fact remains, he was selling.I'm waiting to be VERY greedy.

[timberwolf3] 10/11/2017 15:13

Taken from the Proposed Merger in respect of the Company’s
Eragon assets dated march 2017


The key terms of the Merger Agreement are as follows:
l the parties to the Merger Agreement have agreed that Roxi will pay the Notional Consideration,
to be satisfied by the issue at the Notional Issue Price of the Consideration Shares to
Baverstock, in consideration for Roxi establishing 100% ownership of Eragon and accordingly
a 99% interest in, and operational control of, BNG;
l Baverstock will hold the Consideration Shares for each of the Baverstock Quotaholders.
Roxi understands that the Consideration Shares (and the portion of the Issued Ordinary
Shares) held by Baverstock for the Majority Beneficiaries will be transferred to them (or
nominees on their behalf) shortly following Admission. The remaining Baverstock Quotaholders,
comprising Dae Han New Pharm and Cody Star Investment, are under no obligation to transfer
their Consideration Shares or their portion of the Issued Ordinary Shares out of Baverstock, but
are entitled to do so. The individual beneficial interests of the Baverstock Quotaholders in
Roxi will not be affected by the transfer or otherwise of Consideration Shares or Issued
Ordinary Shares to themselves or nominee accounts on their behalf;

[blackbear] 10/11/2017 14:43

Yea I've added more today, must be a floor here support goes way back across the last year.

[xclusive2] 10/11/2017 14:33

Thanks Timber.

'Removed', very strange terminology. I could imagine the KGB using it or the KNB in Kstan. Also strange that they agreed the mini Baverstock as opposed to being individual holders within Caspian ? Maybe there's been a falling out hence Dosbol selling.

Regarding gifting stock, not sure of Kaz tax rules, not sure where his kids are domiciled but you can bet your bottom dollar that it's for tax avoidance, whether CGT or inheritence.

K,

I don't see this as bad news, the only bad news is that Dosbol has been a sellerand i expect to see more disclosres over the coming weeks, let's see. One things for sure, somebody needs to ask KO the questions -;

1. Why form the mini Baverstock within Caspian ? The merger was done to simplify matters
2. Why is Dosbol selling ? Why not off market ?
3. Aware of any other sellers ?

I'm watching and waiting to add more and i don't believe that share price will retrace much further as i expect news to start hitting pre the investor meeting.145 stable flow rate, 146 outcome and start of A5 work as a starter.

Smarty

[konil] 10/11/2017 14:17

bad gateway and timber, thank you both for posting clarification replies.

[blackbear] 10/11/2017 13:39

Thanks again timberwolf3

[timberwolf3] 10/11/2017 12:41

Response from CC;




Thank you for the email.

At the moment Dosbol Zholdybayev holds his Caspian Sunrise shares via being a quota holder in Baverstock.

At the time of the Baverstock merger the plan was for each of the 4 Quotaholders would form their own mini Baverstock’s to hold their shares so the market would know exactly who owns what.

Now that Kuat Oraziman is passing the majority of his shares to his children it doesn’t make sense for Dosbol Zholdybayev to either stay in Baverstock or form his own mini Baverstock . It is far easier that he simply takes those shares he is entitled to in Baverstock and transfers them into his own account.

As far as I am aware he has no intention to sell any of the shares transferred.

Baverstock however will be seen to be transferring some of the shares Kuat Oraziman is gifting shares to and those Dosbol Zholdybayev is moving to his own account.

I hope that makes it clearer and removes the fear of a large shareholder being a drip seller.

Best regards

Clive

[davidblack] 10/11/2017 12:23

Yep your right not sure where the selling was coming from, have amended my post above.

Mind you if you were looking for sellers anyone who bought in sub 10p is sitting on friendly profits.

[pre] 10/11/2017 11:45

Thanks bad gatreway, that's good news...i agree with Davidbalck above, this is good news as they are being transparent in respect of holdings...what a great opportunity, dor etc:-)

[konil] 10/11/2017 11:40

david, where is the selling coming from? the transferred shares are subject to a 12 month lock-in.

[fsawatcher] 10/11/2017 11:37

avoid like the plague

this share swappin stuff well dodge

does his kids have to alert market when the sell stock in 12 month????

they should coz they be related parties but i bet ya they wont

run a mile from this one and dont stop runnin

[bad gateway] 10/11/2017 11:34

I sent them an email this morning too on the Zholdybayev holding and received this back just from one Rose herbert.

Dear Bad Gateway

Thank you for your email which was forwarded to me.

As regards reference to Mr Zholdybayev in today's RNS announcement it is only to let the market know that his interest in Caspian Sunrise, which is currently part of the Baverstock holding, will in due course be moved from the Baverstock block into an account solely in his name.

As far as are we aware he has no intention of selling these shares in the foreseeable future and today's announcement should not be taken as any notification of a sale of the underlying shares.

Kind regards

Rose Herbert

[davidblack] 10/11/2017 10:31

These guys own the shares and like the rest of us are free to do with them what they want.

The fact they are rearranging their affairs to the benefit of their children is something that happens everywhere. So not odd or sinister, it’s called being rich and planning.

[timberwolf3] 10/11/2017 10:21

Have sent CC email regarding clarification on Dosbol Zholdybayev intentions. Will post reply if i get one.

[stuart14] 10/11/2017 09:38

I guess I see it slightly different. Why go through all this "Tax Planning" if you didn't think the shares would be worth a lot in the future.

The "Remove" part is weird. Does it mean he will "Remove" them from the QuotaHolders?

[konil] 10/11/2017 09:34

certainly not the news i was expecting.

as others have already noted, i find the following sinister...

"Mr Dosbol Zholdybayev intends to remove 87,432,410 shares representing 5.24 per cent of the issued share capital. "

what does "remove" mean in this context? why the obfuscation? why not make clear what he intends to do!

anyway assuming cc was telling it straight and no quotaholders are selling, then the selling could be from;
1. toggle's suggested non-quotaholders
2. the individual gifted 18m shares who technically may not be a quotaholder (but if that is the case then who knows how many more can be disposed through the means of gifting)
3. a combination of the above

the lock in of shares gifted to oraz kids is 12 months, the 3 year "private agreement" period is not worth the ink its written in.

it stinks a bit (a lot?), the only positive spin i can think of at this stage is kaz rules may make it advantageous to transfer assets of lower value with perhaps higher taxes for higher value transfers, so doing it now while share price is low makes sense but this is just conjecture.

i would be surprised if there aren't a lot of questions about these transfers at the forthcoming meeting. if the answers are not clear and well received i guess we could be in for a new wave of selling.

can't see how they will get instis interested without proper clarification.

yuk and double yuk, let's hope they have some positive operational news to counter all this.

[xclusive2] 10/11/2017 09:20

Don't know the tax regime in Kaz, inheritance etc but I'm sure Mr O has his reasons that will be explained at the Investor evening.Ducks are definitely being lined up and I believe we should all pull a list of key questions together for the upcoming investor evening. I posted some already but is anybody here going and willing to be spokesman ?More Q'sKO - What is your exit plan for the business ? Why is Dosbol selling if the story is so good ?Are you planning to attract institutional investment, if so, how ?Are you planning to acquire new acreage, who, when, how ?Infrastructure investment, railway ! Etc, how do you plan to find ?

[hallow] 10/11/2017 07:58

Ducks being lined up at Caspian Sunrise with the meeting next Wednesday and this RNS today.

[dafad] 10/11/2017 07:56

Looks to me as if it is tax planning ahead of major move north-3 year lock in givrs confidence-any good news and number of available shares will be less forcing rice higher if buyers come in.imho

[bad gateway] 10/11/2017 07:26

Bottom of the RNS they seem to have agreed to all be locked in for three years now. Thats quite a chunk of shares off the market again.