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EXCLUSIVE: Ascent Resources ask shareholders for ability to raise funds


Rockhopper Share Chat (RKH)



Share Price: 24.75Bid: 24.75Ask: 25.35Change: 0.00 (0.00%)No Movement on Rockhopper
Spread: 0.60Spread as %: 2.42%Open: 28.05High: 29.10Low: 24.25Yesterday’s Close: 24.75


Share Discussion for Rockhopper


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Diver69
Posts: 700
Opinion:No Opinion
Price:24.75
Rockhopper
Thu 22:57
I would like a view on the situation from Sam Moody, after all it seems as though he's the only one making millions out of Rockhopper
 
Ovets
Posts: 242
Opinion:No Opinion
Price:24.75
RE: Zama
Thu 21:20
The monetising of Zama story has been doing the rounds for several months, so is quite feasible.
fecm
Posts: 24
Opinion:No Opinion
Price:24.75
Malcy
Thu 21:18
Malcy reporting: - "no divergence from the plans for Sea Lion"

"As for Sea Lion, activity continues, whilst the LOI’s are converted to contracts and many reports are written on a number of technical and environmental subjects there is still the matter of Governmental assistance and as can be imagined they are quite busy at the moment. However there is no divergence from the plans for Sea Lion despite the rather laborious nature of the process.

Debt is falling, the target of $300-400m is only dependent of timings of cargoes sold and the year end target of $2.4bn is perfectly achievable. (Think $400m at $80 oil, nearer $270m at $65) With the company generating decent free cash flow and with production solidly increasing the opportunities at Catcher,Tolmount and in Mexico give some room for further upside. Sea Lion is crucial to this company in the next decade and even at $65 is a surefire winner so must be pursued at rapidly as possible. Company opex stays at $17-18 and F/Y capex is down to $365 from a planned $380m also helping the numbers including of course significant debt reduction."
Ovets
Posts: 242
Opinion:No Opinion
Price:24.75
RE: Tony Durrant Interview
Thu 21:13
Whatever was said in the interview, on 23/8/18 TD said FID would be in 3 to 6 months' time, which was less than 3 months ago, so why the big surprise today?
If FID isn't going to be this year, is everyone forgetting that 2019 is less than 7 weeks away, during which time there are all the Christmas/New Year distractions, so not exactly a long time to wait.
IAmNotAnAnalyst
Posts: 2
Opinion:No Opinion
Price:24.75
RE: Tony Durrant Interview
Thu 21:10
I can't find it on Reuters. But in the 'webull' app it's the latest entry under news for PMO
markap
Posts: 345
Opinion:No Opinion
Price:24.75
RE: Tony Durrant Interview
Thu 21:01
When did td say no finance this year ? I would to listen to full interview
Rookie1
Posts: 1,431
Opinion:No Opinion
Price:24.75
In hindsight
Thu 21:01
4 for a quid does sound nice though.. hahaha
Rookie1
Posts: 1,431
Opinion:No Opinion
Price:24.75
In hindsight
Thu 20:47
I shouldn’t have bought more at 30p.
So far you cannot argue with Ralph, kurgans or anyone else’s negative view on rkh because Ralph has called it right a lot more times than all the so called bankers who claim they know this game inside and out.(He must be lost in his big mansion somewhere counting his cash).
That being said, I will hold and see where we end up now, I was feeling like the reward factor considerable outweighed the risk a few months ago, now I’m definitely a bit more 50/50 on this
IAmNotAnAnalyst
Posts: 2
Opinion:No Opinion
Price:24.75
RE: Tony Durrant Interview
Thu 20:47
According to Reuters Tony said "DOES NOT THINK FALKLANDS SEA LION PROJECT FINANCING TO MATERIALISE THIS YEAR"...I know that's not a total surprise but is the only direct reason I can think as to why the fall today hit RKH so hard.
Consensus seems to be POO will be $70 for the years ahead so despite the recent price drop it doesn't seem enough information to reduce the likelihood of sanction.
Also I can't understand why brexit uncertainty would impact RKH/PMO so heavily, income is in $ and is not reliant in any way on UK economy (unless I'm missing something?)
P.s. first time poster, long time lurker so thanks to all for the variety of points and opinions seen here
Ovets
Posts: 242
Opinion:No Opinion
Price:24.75
RE: Biffadog
Thu 20:43
Ollie/Kurg/Ralph/etc. must either be spectacularly stupid to have paid top dollar, lost a packet and now publicly trashing their means of recovering their losses, in which case they should be posting: "we're the idiots who've lost all our money, can't bring ourselves to admit it, so we insult everyone else" OR they're doing exactly what Biffa suggests.

There's absolutely no doubt this will eventually recover and then take off - all the evidence supports this, in which case any sensible investor (NOT trader) will be buying as many of these discarded shares as they can afford, today being a particular opportunity.

Reminds me a bit of an officer's WW1 diary, which reported British troops discarding their heavy great coats in hot September 1914, only 3 to 4 months later wishing like hell they'd hung on to them.
So it'll be with RKH shares, so as the idiots discard them for a song, snap them up while you can.
DiveCentre
Posts: 429
Opinion:No Opinion
Price:24.75
RE: Biffadog
Thu 20:40
Biffadog

Looked in on this board today as I have held previously and noted the drop today. This and PMO makes me wonder if the market is picking up some negative news on Sea Lion FID which was promised (by PMO) for 2018. RKH were guiding FID in 2017 but that fell by the wayside with barely a murmur.

I am considering buying in again but the PMO debt millstone is still there
ralph2010
Posts: 418
Opinion:No Opinion
Price:24.75
Biffadog
Thu 20:03
You are deluded! Nobody is being negative to hoover this stock up! It drops pretty nicely on its own......

all the way from 500p-20p! Why ? Because they cant get it out of the ground, thats why!

I can assure you I am real, I already explained 35p does me no good, I am betting on the 20% chance that this will find a new partner. Thats what im giving it 20%. All IMHO.

There were people like you during the .COM crash, the familiar lingo :

"Thanks MM!"
"Buying opportunity!"
"Being manipulated"

I would advise you to stop telling people they should buy this and the drop is all a scam to make them sell, so they can buy them. This dropped dramatically in 2012 when useless PMO was announced and we can all see now it was for GOOD reason ! The same tripe like you are spouting right now was posted then ! Complete nonsense and dangerous !
Surfit
Posts: 42
Opinion:No Opinion
Price:24.75
RE: Tony Durrant Interview
Thu 19:21
Hey Much, cheers for the reply.
It was all looking so good 6 weeks ago. It sure is a roler coaster. I can understand the long termers frustrations with PoO being in a relatively good position. I still feel, at the time if RKH had selected another even newer operator (With the more mature ones not stepping in due to the Argi stance on investors) they would not have done any better than PMO. They (PMO) do not appear in my eyes to have done anything wrong after surviving the crash and in fact probabley built respect amongst their peers (chryasor, Repsol etc etc and their larger peer competitors Shell, BP, Total etc etc)
Money is awash and with large property investments (high rise developments) not being possible as popular as it was, I would have thought Chinese or middle eastern money would be available?
Gotta just sit it out and bunker down.

Sft
Kurgan3909
Posts: 243
Opinion:No Opinion
Price:24.75
RE: Biffadog
Thu 19:19
Oh I forgot to put

Clowns
Kurgan3909
Posts: 243
Opinion:No Opinion
Price:24.75
RE: Biffadog
Thu 19:16
Why would you disrespect rkh and Be so negative even when the share price was as high as 30 p. .
Kurgan3909
Posts: 243
Opinion:No Opinion
Price:24.75
RE: Tin Hats Time....
Thu 19:09
Wow now I'm part of coordinated Crew destroying the value of RKH .....purely with Words so we can hoover them up .

Yeah we must be good at it because the Price decrease of 19.25 (43.75%) since 22 May 2018 is outstanding .I'm so proud

Clown
Biffadog
Posts: 415
Opinion:No Opinion
Price:24.75
RE: Biffadog
Thu 18:55
ralph2010,

You've been running down this stock even when it was in the high 30's. It's been continuous.

If you were genuine you would have sold out by now and would not be aggressively putting the stock down so hard whilst continuing to hold.

You are very transparent.

GLA.
ralph2010
Posts: 418
Opinion:No Opinion
Price:24.75
Biffadog
Thu 18:42
Dangerous delusions! Nobody wants this crap stock, which is shown by the price!

I am still here because I bought a trance at 92p. 30p, 35p what ever, is not going to help me. I have written them off and the money involved sometime ago. I will stay till the end, even if it goes bust. I just want it to hurry up in which way its going to go!

Their is no "crew", just pissed off investors who once believed in this crap. The fact there are more and more negative posts is because more and more previously positive investors are running out of patience !

I am hoping a white knight will come through with some cash, then I might get my 92p back.

8.5 years of bullshit is making people negative.
Biffadog
Posts: 415
Opinion:No Opinion
Price:24.75
Tin Hats Time....
Thu 18:22
In a nutshell....

They want your shares.

Hence we have the crew posting continuously day in and day out with negative posts on RKH. A lot of it is simply not true or has been misrepresented. The rest is subjective.

FID is finally getting very close, so it's probably the last chance to trash the Rock before FID.

I don't believe that all these people think Sea Lion will not be sanctioned. All the evidence points to it getting sanctioned. PMO have a team of 60 working on Sea Lion and there's plenty of evidence that the suppliers are ready to go and committed to providing $400M of project finance.

PMO need Sea Lion for strategic growth. Fact. My own opinion is that Zama will be sold once appraised.

The ECA funding is taking a long time and that's what's holding this up.

If you don't believe this then you should sell up.

The clever people are hoovering up shares at the moment, of that you can be sure. The JIT crew will be buyers sub 30p.

As an aside, GSA Capital still have a 0.69% short to close, so will need to buy 3.1M shares to do this.

Anyway, good luck to all the genuine posters on here.

GLA.
Muchaboutmoney
Posts: 158
Opinion:Strong Buy
Price:24.75
RE: Tony Durrant Interview
Thu 17:23
Hey Surfit

This isn't specific to RKH in my opinion. RBS down almost 10%, lloyds down 5% at 6 year lows, sterling in free fall and May's premiership close to collapse. Chart our shares against Premier and the two are entwined like eternal lovers.

We're in a market which is looking to sell off anything that isn't perceived as good news. Nothing changed so far as I am concerned except that I'm £7k worse off across my portfolio than when I awoke this morning!

That said I'm happy with the companies I hold and if I had spare cash I would be buying them all today at these prices. Market needed a reason to correct and it's doing just that and its pretty indiscriminate. Yes it hurts but as Warren Buffet said ...

“If you aren’t thinking about owning a stock for 10 years, don’t even think about owning it for 10 minutes.”

Investing is not trading and has a vastly different goal, as trading, when done well, is about taking measured risks for discrete periods of time at sufficient volume as to generate profits, and typically involves wild swings in profitability. Investing is about minimizing risk to generate wealth over the long term, not generating short-term profits. Another great Buffett quote in this vein: “The stock market is designed to transfer money from the active to the patient.”
Trader4Pay
Posts: 115
Opinion:No Opinion
Price:24.75
RE: Something doesnt add up
Thu 17:17
Oil going to low 40s so doubts FI drilling campaign will get of the ground.
Godders99
Posts: 4
Opinion:No Opinion
Price:24.75
RE: Something doesnt add up
Thu 17:02
Agree something is up. I dont buy into the argument that its market manipulation

I bet we are at our all time lowest valuation vs price of crude. Upon FID we should be north of 40 pence a share. You aren't telling me that we are going from 24 pence to 40 p plus any time soon.
carroteater
Posts: 89
Opinion:No Opinion
Price:24.75
RE: Something doesnt add up
Thu 16:56
Other variables here, away from Oil price,
1. PMO cost of capital
2. GBPUSD forward rates
3. (In)Competence of Mr.Samuel John Moody, and Mr. Steward MacDonald
4. Geo political risk, pending the circus at Westminster.
5. Interest rate forward
6. Higher required rate of return for Snr finance investors.
7. UKEF preferring projects with Saudi, Qatari or similar Arab Government involvement versus Falklands Islands.
8. Limited political firepower of FIG to force the pace.
Olliesky
Posts: 575
Opinion:No Opinion
Price:24.80
RE: Something doesnt add up
Thu 16:45
Godders

Rockhopper is full of rats like a sinking ship because thats what it is. Is this news to you ? Havent you been watching ?
Godders99
Posts: 4
Opinion:No Opinion
Price:24.75
Something doesnt add up
Thu 16:41
Oil up in USD terms, We should get a boost<br />Our major asset is denominated in USD and we are priced in Sterling. We should get a boost! <br />An RNS from PMO which doesn't say anything about a delay to the previously generally understood "FID around start of 2019" <br /><br />RKH 12 percent down. I smell a rat!<br /><br />




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