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This damm seller.....
It’s been trading in the 2.75-4p range all year. Pis are trading it, not the big boys and the current seller(s) obviously don’t believe that there’s material news in the near term. If you’re a buyer, you’ve got the opp to pick up cheap stock, that’s a benefit but maybe Tyr’s update has dampened spirits re A5 news , who knows. I’m hoping that we get a comprehensive update next week and not wait til the finals at month end.
I agree with Lamoroma24. It's immensely frustrating to witness, especially when you wonder what these traders are getting in return, on such tiny margins. I don't think it's that they don't believe that CE, shallows sale etc are happening, I think it's instead they see a tiny profit of maybe couple of grand at the most if they bought in the mid 2's and they're literally too scared to hold for larger gains just in case there's more slippage. But if they're that risk averse, what are doing investing in a Kazakh oiler in the first place?! It just doesn't make sense. Holding the 300 shares until a share price in double figures could see a far more meaningful gain.
Each to their own, I guess.
Amongst the typos, meant 300k obviously, not 300.
Blue - you have just inadvertently described the difference between trading and investing
Caspian Sunrise presents a compelling investment opportunity with its significant oil reserves, especially within the MJF field. However, the company is currently facing several operational and managerial challenges that need addressing for it to realize its full potential.
Positive Aspects:
1. Potential of MJF Field:
The MJF field is a key asset for Caspian Sunrise, boasting substantial oil reserves. With effective extraction and management, this field could drive significant growth and profitability for the company, making it a valuable long-term investment.
2. Strategic Location:
Caspian Sunrise operates in a region abundant in oil reserves, giving it a strategic advantage. This geographical position supports the potential for expansion and new discoveries, further bolstering the company’s growth prospects.
Challenges:
1. Operational Hiccups:
Currently, the company faces technical issues, such as malfunctioning machinery gears, which are hindering production efficiency. Resolving these technical setbacks is crucial for the company to achieve its production targets and operate at full capacity.
2. Workforce Issues:
There have been reports of employee disengagement, with some workers pulling back from their roles. This could be due to dissatisfaction with management or working conditions, negatively impacting the company's productivity.
3. Questionable Decisions:
Certain employees have been making illogical decisions and providing poor advice to managers, leading to suboptimal decision-making. This has compounded the company's operational challenges and needs to be addressed promptly.
The Path Forward:
Given the considerable potential of the MJF field, it's clear that Caspian Sunrise could benefit significantly from strategic partnerships or investments. A partnership with a company that can provide the necessary expertise and resources could help overcome the current challenges and fully exploit the vast oil reserves. With the right support and improved management, it is conceivable that Caspian Sunrise could see its stock price reach 42p in the near future.
Conclusion:
Caspian Sunrise has immense potential, underpinned by its rich oil reserves. However, to realize this potential and achieve substantial growth, the company needs to address its operational inefficiencies and workforce issues. Investors should watch for strategic partnerships or management improvements that could drive the company towards reaching its true value.
Rocketeer.
Many thanks for your thoughts. The fact you have mentioned malfunctioning equipment and labour unrest plus management issues makes me think you have a little more than just good old finger in the air guess work.
I’ve always liked the 42p forecast, so let’s hope those issues get resolved quickly.
Mrcautious, yes. I guess my question was, if trading, why pick on this rather than say, a bank or FTSE 100 company? We know news is fairly unpredictable here, both in timing and to the extent it's price-moving (either way). I would have thought this would be a nightmare to trade, but like I said, each to their own. FWIW I haven't traded/sold a single share here, just adding when timing seemed opportune - I'm in for the endgame.
Blue...the endgame is a buyout, but when is the question?
It comes when it comes. Hopefully in the next couple of years. I'm a relative newbie here, so perhaps can afford to be more patient than some. If I was told it was a choice between 28p this year or 42p in 2025, I'd wait another year, no question.
Possibly by the end of 2025 and with a ton of dosh coming year end they can finish drilling all 10 deeps/ WS and get a new shiny CPR done to show the would be buyers their vast oil Reserves.
19 months to sort should do it.
Bluemango . If this is nearer 28p than 2.8p Xmas day i will truly believe in Santa .
....and if its near to 2.8p then believe in satan
No Sunday bullish posts, that says a lot. Probably another P&D exercise but not getting rich in this trading range. Regardless, needs some positive news to change the cycle. Whether that’s next week or might end, we need some positivity, probably starting with CE and B8. There is a positive, cheap stock if you’re a buyer :)