First Question must be why are you being over protective of this Fiona ? LC is correct about all their salaries if numbers are correct. They are doing nothing and will be doing nothing for some time by the looks of it but why do they need her drilling knowledge at these rates ? Drilling and geology experts are 10 a penny right now, most looking for jobs too. Just suits guzzling at the trough of greed as usual.
Falkland Investor - I think you should stay away from English language boards as it seems you can't read or don't have the mental faculties to do so. In which case there should be a guardian appointed to look after your interests and manage any financial capital that you might have - though I doubt you have any capital given your recent dialogue. Please someone lock this chap up in his asylum cell - he has clearly escaped and somehow logged into a LSE account :) CLEARLY A COMPANY WITH NO EXPLORATION DOESN'T NEED TO PAY AN INDIVIDUAL WITH AN EXPLORATION BACKGROUND close to GBP500K a year which is 1% of RKH's cash balance. What is the value added from this resource for which investors pay 1% of RKH's capital. What has changed is the position / outlook for the company as I previously explained AND LET ME ADD that since I first invested Fiona and her fellow directors have invested in an Egyptian asset that is not paying out as was made out, tremendous cash burn and PMO negotiations that tie up the operator / partner from sanctioning any projects till 2019!!!!!!!!!!!!!!
LuckCounts. Please and I beg you to tell me, what has changed in Fiona since your investment? Was she good and after your investment she became useless? Cos I want to know whether to keep holding or sell !!
I was holding and almost had a nervous breakdown when the share price hit sub 19p (I have e-mails from RKH to post) I am well acquainted with PMO, RKH and the situation. If anything should transpire other than a takeover (my bad luck) I will be back but I am not expecting this board to deliver anytime soon.
I have spelled it out prior but since you repeating the same query is going to make me look like I am clueless I will endeavour to convey once again. Though it seems I am having the same success with you as with my RKH investment and us PI's expecting the RKH board to finally deliver!!!!! What has bothered me about Fiona, the CEO, and the CFO is that in the past year while oil price has more than doubled RKH is down 20%+ from the point Brent hit a multi-year low. The CEO and CFO albeit grossly overpaid still have a relevant function. However, an exploration / geologist professional in a firm that hasn't drilled for an extended period and doesn't intend to (or have the resources to do so) is paid approx 0.5% of the current market cap of RKH is outrageous. Where is the value add that Fiona brings? COO? Just a fancy title for doing nothing!!!! RKH appear to have done a bad deal in Egypt and are not getting their dues / covering admin costs from the expected cash stream. They have also the Med Oil debacle which not only was at the top of the market but was an useless investment given the actions of the Italian authorities - RKH board clearly hadn't done their due diligence!!!! Similarly I didn't do my full due diligence prior to entering this share and was maybe a bit naive in assuming despite any material share purchases/holding from the board in the last 5 years that their interests are aligned with PI/RKH Shareholders. I am now pointing out the most vestigial of the three executives on the board - as RKH is continuing to shed value/cash while not providing any upside. In my view all 3 are vestigial and RKH should be converted to a holding company as it is not an operator of any material assets and doesn't have the resources to do any more drilling. What does this lady contribute / do to receive such hefty pay? Is beyond my feeble comprehension!!!!!!!!! Capiche? If not than I will have to read a book or watch a video on how to communicate to ******s :)
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