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Hi Lactics,
I’m not sure about an RNS coming if Sam takes up his warrants, but then again as his holding will increase it seems likely there should be an RNS, particularly if he sells stock to take up his warrants as many are doing.
If Sam is going to buy his warrants with cash then as Mogger stated, if you don’t think the shares will go lower, why use hard earned cash that could be earning 4% or 5%. The warrants are available until the 31st Dec 2023 so why not leave it to the last possible moment? It makes sound business sense if you as me.
Have a good weekend all.
LTT
All,
Just in case someone wants a new job for 2024. It could be a busy year
https://ats-fig.jgp.co.uk/vacancies/260370?ga_client_id=844a50ec-c355-4e9b-8828-f6476a260b07
Mogger
Decidedlyaverage,
Thats simple, its because we don't produce any oil and don't have the funds to start producing, all the while burning through cash yearly.
I remain long and won't sell until true value is acheived.
Big volume spike on nvpt at end of trading Thursday, could be imminent news on something, but doesn't seem to correlate well on the chart....
Hopefully an update from Navitas at the month end when their Qtr 3 financials are due
There is ALWAYS a reason why RKH SP is so low and its never because RKH is doing badly.
IF all the warrants are exercised … I think the floor under the SP will rise in January.
Shambles. It will be 12 pence in Januar too. What is the excuse then?
My point is: IF an RNS is necessary when Sam executes his warrants then be and we haven’t seen an RNS, then Sam hasn’t exercised them YET. If the CEO can’t show enough faith in the Company then how can he expect others to do so ?
Of course I may be wrong in my assumption and that he not allowed to buy shares at this moment under AIM rules …. And so the BoD will perhaps gift him some shares to replace them when they judge the time is right ?
Who knows … but leaving it until the wire ?
Latics. This isn't even up for debate. 99.9 percent of warrants will be exercised .
The RNS dated 22 Jun 2022 states that after the subscription the following Directors held the following warrants:
Keith Lough 214,285
Alison Baker 71,428
John Summers 71,428
SamMoody 714,285
Since 3 of these are no longer directors, the question only applies to Sam. Is an RNS required if he takes up his warrants by 31 Dec 2023 ?
Buzz is spot on. Looking for now like all will be taken up. Brokers will canvas IIs and tidy up any odd bits to be sold in a single placing then it'll all be history.
You’d think that such a sophisticated investor, who constantly corrects us, would know it’s not a rights issue
@buzzthomas … I really hope you are right, Sir.
Start of Jan 2024 we will know.
Godders,
Why do you continually lie?
Today you say "My warrents have been exercised btw"
Yet in the past you have written the following
17 Jun 2022 - "the board have now put me at a massive disadvantage as I cant afford to risk any more in RKH . The warrants will be issued at long term investors expense. Horrific"
26 Jun 2022 "The last few days have been painful for me. Ive asked my parents , my wife to borrow money to meet my rights issuance. All of whom have declined. After a decade of buying at significantly higher prices I am finally out of money."
16 Aug 2023 = " I believe the iis that participated in the share issuance have all sold out"
Mogger
Wouldn't most people who planned to sell already have done so. If selling is your plan then leaving it to the last minute makes no sense as the shareprice could go below the 9p - more so in a quiet market. Imagine Rab deciding to dump all their RKH warrants in December.
The warrant scenario is quite intriguing. I think it is fair to say that if you flooded the market with the reamaing warrants oustanding you would supress the share price and probably down to 9p until warrants expire. I would therefore speculate that the majority of warrants will be taken up as late as possible and the remaining few million odd sold into market before expiry. Just my thoughts of course.
The intensity of negative posting by the usual pseudonyms for me just indicates the huge potential that I and obviously these schemers see in this share. Their game has been obvious for so long and not really that sophisticated.
Wrong again Godders.
The IIs knew it wasn't going to drop from the moment the warrants were issued. That's why they've kept their money in their bank account earning 5 %
And during the same time, you've been bleating that the share price has been plummeting
Mogger
Ha, for once godders has it right. They do indeed know something which, for whatever reason, you'd prefer not to know, which is that in their view this share looks great. You'd only exercise if you had a negative view of the shares, when you'd exercise and sell. Hugely encouraging that at this already late stage none have visibly done so.
@Godders maybe for the simple reason is that institutions / large holders don’t’ INVEST they simply calculate the odds. Agree it could be considered positive they are holding off to the last minute but I feel fairly certain that IF they do, then there would be NO question of operational risk of missing the warrant deadline. Yet another anomaly in the way PIs are treated as opposed to Institutions. They are only interested in profit.
@r1234 … sounds sensible I agree but why haven’t the big holders done it already … why risk the SP falling ?
Or do they know something we don’t ?
If you exercise them (9p) and then sell straight away (12p) you are making at least 33%. Where else will you get an almost risk free 33% (and help the company finances)?
Halifax exercised mine a couple of weeks ago without any issues. I can't see why people wouldn't exercise their warrants and I expect most people will keep them. After so many years of pain, who cares about waiting a bit longer !.
@Citizen thank you for agreeing I’m not one of the flock. Dratted spell check get my goat as well.
Hope you’re right on the warrants but can’t see it.