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I did mention a while back that a T/O after OM & FID might be our best hope of realising some value as it's difficult to see how the few lse aim market participants can push rkh anywhere near where it should be after FID & OM.
The market system relies on participants buying good news & selling bad news but in the absence of participants and the ensuing exodus from both P.Is & IIs, good news now only gets a temporay mini-few days spike before selling off and no news gets sold regardless, just not as heavily as bad news so T/O might be the best option to realise capital gain.
The lack of liquidity & market value of many UK shares is of great concern to investors as the fleeing masses create lower shareprices,which only exacerbates the problem and makes even more investors leave and shareprices go even lower.
Even the very best UK shares ( Ftse100) have barely moved in a quarter of a century, valuations were similar in 1999.
Would FIG have a say in any buy out/take over?
Their licences
Their water
Their oil
It’s RKH that have put them on the map so to speak and they might like the relationship as it is…
Just a thought
GLA
Boboil
Nope not a chance things are changing nicely imho
They wouldnt need PIs aproval though and it wouldnt necessarily be a throw away price.
LTT, I can guarantee none of us who have any holding in good old Rocky will ever approve a hostile takeover at throwaway prices. I doubt management will. Neither will Aedos
Anyone wishing they were all in on gold and mining shares ATM instead of this dog currently.....
I'm about 50:50 weighting gold/ gold miners :RKH
but that's 50% in RKH going nowhere....
Hope not Ralph, things are moving forward even if Navitas are not shouting about it, but you a right, someone could come in and make a lowball offer and get the whole shooting match.
I suppose the only thing stopping anyone at the moment is the OM award cash isn’t signed off yet and there is a remote possibility that it will gets partly annulled, then even if we get the whole 80m Euros a good percentage of that could possibly be ring fenced for tax to FIG. Even then Navitas could push FID back and then first oil to 2027/8.
So that is why the share price is where it is, no one wants to takeover now, then find out they have purchased a lemon! Once funding/FID/Partner are on board, that would be the time we become a takeover target, if the share price is still languishing around 15-20p after all that, then someone will start sniffing around for sure.
I wouldn’t be happy, but as I am above my breakeven purchase price I would be ok with 25-30p per share, but I’d much rather see 60p to £1 in a couple of years.
LTT
I wasnt trying to disprove anything, I will be pretty happy to get taken out soon, im not staying for production.
Hi Ralph,
Suppose that proves Chess’s point in a way, because of a lack of interest in AIM and low valuations, it makes sense, bigger players who see value swoop in and take them for a song.
Fo what’s it worth I can see all oilies going this way over the coming decades, as more people shun oil and gas, investors walk away and banks won’t lend, even though they are flying , buying and consuming things provided by oil!
If RKH is not valued properly once oil starts to flow, it will be snapped up, if not before.
LTT
Takeovers of AIM companies have jumped 75 per cent just in the last year, reaching their highest point in 12 years. All is not lost.........
Oscar, you don't seem to comprehend!
£46 Billion had been withdrawn from UK equities by private investors over recent years, add to that however many Billions institutions have pulled out and we have a rapidly dying market with few participants, this is very noticeable with Rkh and other aim shares that have so little volume, its barely a functioning market, especially for players who deal in size.
This exodus means less investors, lower volume & ultimately lower share prices so its important to be listed on the exchanges where you can attain the best valuation.
People have to buy shares for them to rise, the more market participants buying the higher the shareprice, if there are only a small number of market participants as is the case on aim, then the share price increase on good news will be limited.
We will more than likely see this limited market reaction on funding & fid later in the year because of the lack of market participants on lse.
If investors are not present in an exchange companies will leave, sooner or later. Leaving the UK can only be good - for those who have left and those who haven't - in showing them the way. More investors = better valuations!
There is nothing much the British govt or the exchange, in this case the LSE, can do. They can't attract investors which is the main job of an exchange. If they fail in that companies will leave. But then, this is one strand in the decline of British power and influence globally. The days of empire are long past, now its premier stock exchange is struggling to hold on to listed stocks after having lost most of its investors. This is a vicious cycle - once the marquee stocks leave the exchange more investors will give LSE the boot, rinse and repeat.
Given the whole load of help the British govt have given to RKH (NOT!) I for one would love to see this getting listed in an exchange where investors will start caring. Clearly not in AIM - there's no one even to see and know, much less care
Straw Poll : What does Shell, Glencore, BP leaving Ldn for NY do to the remaining £ LSE UK E&P share prices and why?
Nothing / £ UK E&P gains / £ UK E&P loses?
Patience
It's not shares that follow charts, it's charts that follow shares !
They have their part to play for entry/exit points but its fundamentals that move shares not charts, that's not to say some traders can't make money using charts, some can but most won't.
We investors should use whatever tools help us to make money from this one-sided wild game of
chance. Each of us will have our own style of investing & no one style is right or wrong , be it technical/fundamental, short/long term, scalping,derivatives, ect, it doesn't matter; the only thing that matters is if you make any money, which as most of us know, is easier said than done.
Chart patterns are relevant to virtually all companies.
To say “this share does not follow charts” is true in that it doesn’t ‘follow’ anything (no share does) but charts are certainly relevant.
M-D, Ralph and I rarely agree, but he is one of the last posters here who can be accused of ramping.
I am taking a gamble at under 15p as I have stated. It still might not happen.
You complain when people rail at you for your years of fantasies and lies, yet you keep calling out to people. Why don't you just not comment at all ? You were still alluding to your "knowledge" just a few days ago. I am bored with you I usually just scroll past your posts, I suggest you do the same to mine. Block me please
Why the rudness, I can tell You to shut up as well ...stop the baseless ramping.
You were telling to sell at 6p.....have a look at your previous posts...IMHO-DYOR
MD - shut up, I didn't say it followed charts, I said the chart looked good, better than the previous 10 years. Learn how to read.
Sam will be pleased to get it out the way, just in time for the greens firming up
LTT
The eventual size of sealion will be much greater than expected and will probably produce for much longer than anticipated too, i'm on 1 that has been producing for 40 years and we are still drilling new well at the moment and still finding more oil. This platform had a life expectancy of 25 years when built and now they don't expect to cease production for another 15 years.
This share does NOT follow charts so stop the baseless ramping please...IMHO-DYOR
Price bottomed out at end of share warrant period.
Looking good
Hi Paul,
yes it's over two days, today and tomorrow. I emailed RKH about when it was taking place in April. Always get a prompt reply.
Another thing ticked off the list, no more messing about with lawyers and OM after this, it can be put to bed either way and RKH can be ready for the main event, hopefully with cash in the bank to cover their share of costs on FID.
Then onwards and upwards.
LTT