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Clive leaks that nothing's happening ... price goes down as trade pots are sold.
I was reading what Adrianz put about Clive not telling investors in the RNS about the court cases that they asked for delays on 4 times until the judge got fed up with them, interesting, why not deal with it and keep the licence on 3Awest / Best?.
Also why tell investors the concert party isn't attached to any other potential wider concert party investors?
So Clive is putting in an official document that their is no tie between the Oraziman and Iggland families? they have no tie in or lines of direct communication with the Al marris or the Directors at Dae Han New Pharma?
I'm unsure of what constitutes a concert party and wider concert party ruling. Is it being on a nodding acquaintance, talking or cohabiting? where is the line?
There is another line in the RNS official document that the daughter has no shareholding but she does?
Alongside an entry that advises she is a co owner of a company that owns stock in Casp?
Clive has made lots of unforced errors in his paperwork.
Clive's doesn't leak material info but if you ask questions re current position on assets, he will share knowing that he's not crossing any lines. Tyr's update has poured water on Adrianz's find and you couldn't disagree with the document as it stated a 30 day flow test ? I would've thought that they'd have had to RNS the detail if it was happening.
Other info that he believes CE on track, nothing new there, that Block 8 approval is expected and shallows deal regulatory approval will take a while but that was pretty obvious too . Also the WS and B8 poss production to replace MJF in short order, as we know that's to be taken with a pinch of salt as B8 wells not tested yet so how can he know, he can't.
Traders flogging their pots. Yep some already have pre Tyr update and that's their prerogative, I'm still adding, another little trade @ 3.38, when spread was tight @ 3.35-3.38 and MMs looking for biz. All I know is that they are likely to get positive updates from CE and B8 in the near term. Whist that is happening, the MJF deal will be progressing although nothing guaranteed as will 803 and I'm expecting WS to spud soon too. Who knows, we may see a partner announced on 802 and an A5 real update.
Whether you're buying at this level, could get a little cheaper maybe or at top of the current trading range, it's peanuts unless you're trading big volumes and you risk the possibility of a surprise update. Next update next week or you wait til FY23 release at month end. As I say, 3.35 or 3.7p, hopefully that makes very little difference come Q3 or sooner. If it recedes to low 3ps, it's a bargain, buy a few or add some more :)
Material info like A5 isn't flowing?
Lots of other examples etc.
If he was a horse you would call for the bolt man!
…..lol
They haven’t said it’s not flowing g or I’ve misread something ? I have t seen an update to say there started drilling ?
Last update we saw was 25/3
‘The rig is now in place to resume work at Deep Well A5, which remains in the Board's opinion the BNG deep well with the greatest potential.’
I believe that they’ve been running on fumes and I don’t know whether they’re milling, side-tracking or doing the hokey jokey. Been 2 months on A5 and not a peep, maybe ourClive has had a moment, not the first time.
We have this EVERY year, year after year. They promise the earth after Christmas and everyone gets excited. Talk of boats and deeps and double figures. Then is 15p, 24p then even people saying we not selling until its far higher than that. Then it gets to June and you realise it aint gonna bust 5p all year . Well p----d off.
Yeah Grister that about sums Caspian up, year on year it’s the same cr-p. Well there’s always 2025 I suppose
I mean whats this rubbish been spouted about 10 deeps in the future. They cant flow one deep , its a joke. You just know the next RNS will deflate everyone again with people posting same old , same old and anther price drop. Then its a great time to buy in posters time again. The whole thing just repeats year after year. How the Company keeps going baffles me . It gets me down as i just want to get out at 10p but will it ever happen.
Next 7 months is going to tell investors what they want to know. Yep, I can’t defend the lack of shareholder value created but if they don’t deliver value from their H2 operational schedule then I for one will be moving on. I really do believe that we return to double figures in this period and we might see Clive put his hands in his pocket and take up his options !!
No guarantees but I believe it plays out like this -;
CE deal happens
B8 approval, loan cash and 2 wells tested. No guarantees as to result but they've obviously completed them and they're testing so hopefully they're testing the intervals that have oil shows ! The current deep which has depleted to 100 bopd has flowed at much higher levels so hopefully we have 2 new deeps coming online
MJF gets sold by Aug deadline
803 completed and they actually get it to flow
A5 - who knows but I'm hoping that as a worst case they will flow it again for a period before any blockage
802 partnership and resolve blockage issues
West Shalva first spud in Q3 and successful
I believe they do generate significant cash from 1-3 but the deeps at BNG, I'm not holding my breath. If they do fail on 803/802 & A5, I believe that CPR is done and it gets sold. They have enough data on all the desks where most have flowed so sake on the cards or maybe a partial sale for a significant sum with a carried interest.
3.5p ? I believe that this is the time to be fully loaded but as always, time will be the decider. I will look back on this post and laugh or cry but they've got 7 months to show me the money :)
Sent from Outlook for iOS
Smartyp1
Think and hope your right .
Weather it be good or bad or boring news we should be waking up to a lot of little red dots over the next six months good luck all
Https://interfax.com/newsroom/top-stories/102805/
Looks like 3 exploration wells still planned for 24 so hopefully CE news soon.
News next week as a monthly ? or do we wait til month end ?
4 600k plus sells somebody not confident or in the know
Sorry only noticed there now one of them is an unknown
Yes, spot on for the ISA allowance amount, so that's actually net 400k buys so far today.
Thanks for the information guys much appreciated
750k buys and I still believe we have Mr Seller in the background or maybe the MMs had a little stock overhang. Peeps buying back in pre possible news next week, who know a bit we need some really positive news to leave this trading range behind, never to return :)
We definitely have a seller, probably Mr250k looking for his/her, their 3.4p. 1.2m buys and not one sell, YET.
And sure enough, there he is.
Crazy. Pointless when it's for so little return at these levels.
BM,
The seller (s) must believe that CE not happening or shallows and Casper struggling on the cash front. Not impossible but highly unlikely. Always peeps with contrasting views , that’s why we have a market.
Looks like weird trading and a seller?
The C.E is happening, Adrianz find online, the proof of it being crewed up all points to it.
A5, is it blocked again? Adrianz find for flare licence shows they've tried.
Are they waiting for acid?
Are they waiting for someone to free the stuck drill bit ( bogoff offer available )