I'm a long-term investor in Rkh I'm not against you or anybody that tries to promote a higher sp through their reasoning. When the share price went from 178p to 383p it was full of people saying £5.00 sp, £10.00sp! These numbers are plucked out of thin air. I havn't said the company is bad, I have experienced the awful Des water situation and so I am suspicious of things.... I would like directors to give us more info to support a higher sp but I guess everybody would like/wish for this. We all need to keep talking and discussing the fundamentals here and any insights anybody gets reading between the lines is good! It's nice to be informed and gain knowledge on making good investments but projected sp, forget it especially when saying £10.00+ as I say, 70p + would help me feel a little more secure in the short term. I hold and buy when I can because I believe/hope things will come good but I'm not buying too many at present as risks are huge at present IMO look at Bor and Argos, if there was genuine hope in these then they would surely be much higher as some of these Rkh fundamentals apply to them to. Projected oil price, potential drill targets, looking at the success so far in the falklands, we are in the most de-risked company out of the Falkland companies; on what has been a bit of a failed project so far to say the least IMO but we hope the money; research and effort put in will eventually come good. I hope so.
You are not looking at this logically. The company is trading at cash value, has a farm in with PMO, has a drilling campaign that could bring cost of production to $35, oil is rising, $48million free carry on this drill campaign, broker forecasts to 200p....you are mad if you think we are heading lower. Pi's have been played to death here over the last few years. Most have moved on, which is why I am talking to myself on here most days and those who are left are bitter about their investment. THAT IS THE IDEAL TIME FOR NEW PEOPLE TO BUY IN. Not, as you did when the hype was already in full swing! I mean this with the greatest respect as I have done this a few times myself in the early years of my trading. However, trying to say the company is bad because share price has fallen is madness! THIS IS AIM and that is the game!!! Buy low, sell high and don't get too attached to a company! in 2019 RKH will be trading closer to £10 imo once the oil is flowing and the region emerges as a major oil play.
in 2012 price went from 178p to 383p in 3 months and this is why I and many others have continued to buy into these and continued to loose money! Past share price has very little to do with current situation, perhaps nothing! Any share especially in oil sector can grow at a phenomenal rate, the question that now seems apparent is, was that growth overplayed? yes, was there a bases for it? no and why has this share fallen big time since then? When brent was much higher and PMO intro! Still down, down, down! Forget all the noise, follow the trend! I'm a little hopeful but by god if you listen to some of this on here, may as well buy as many of these as you can and look forward to retirement. Sounds like fools gold to me at the moment
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