Cassandra Oil (CSSOF)

[snow]

fourkids

There is at least one similiarity between Cassandra Oil (CSSOF)and JBII: Things move more slowly than projected. It now appears that the first processor will be placed in either Spain or Iraq in early 2014. One the other hand the capacity for building processors will be doubled after the turn of the year, increasing it to one processor every two weeks. I have the impression that it may take about 3 months to build one processor so it will take some time before this happens.

I am now more pessimistic as to when there will be more active trading of CSSOF. There has been no news for about a month and the pps is Down considerably from its high. A Company has issued some options called warrants and there has been a brisk trade in those. The terms have been fixed in such a way that some make a killing if the pps of Cassandra Oil falls to certain pre-determined Levels and there has been a lot of short-termers trading the stock. It now appears that there may have to be real Production of considerable extent of fuel before the market is convinced. I therefore Guess now that it may only be in the second quarter next year that the pps really takes off in real earnest in Sweden. If this happens I guess it may lead to more active trading in CSSOF as well.