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Not panicking....just feel it puts more pressure on the Govt to not ok such applications. Hopefully it has already been processed.
https://youtu.be/ISy0Hl0SBfg
:-)
Kind regards Sft
I hope not too many bought on your "never go below 20p" and "FID & Sanction 2019" ! What planet are you on? I left some investment here and bought a tranche at 92p because at the time the fundamentals looked good. I am an investor of many years standing and am ****ed off and for good reason. Sam cant get anything right imho, even the assets he just sold are now producing DOUBLE and buyer is laughing his/her @rse off ! Then he claims some more "incentive" shares, I personally hope the guy gets hit by the next bus.
Nigoil - I doubt anyone clicks on your now boring link that compliments your paranoia about boiler rooms etc the reason for the poor SP performance.
Well, lets see about this arbitration, I saw a prediction of 50% discount to what RKH has claimed. I wish, hopefully the panel aren't Greta supporters . If the payout is a biggy, it will ruffle alot of lefty vegan feathers!
Hey Cyan, I follow you and SchachMover on ADFN you both post informative and balanced posts.
It seems to be a crime in some eyes to discuss the hazards in this investment...though such disscussion mittigations and controls can be brought to the fore. My firm favourite is attempting to exert some "control" on "Captain" Moody, as you say they have not done enough to reduce outgoings....Egypt was intended to that that source of income...but that did not work out as expected did they actually achive a balance of Egyptiian net income to net yearly office (of 13 I remind us all) outgoings?
I would actually vote for TD (PMO) and his allocation of an appointed team to take over the RKH BoD. Not possible of course.
I can not and am unwilling to commit further funds to RKH..I have been averaging down now to 24p. With out this most recent new partner...still to be fully confirmed..hence the fall in sp, we would be following a clasdic aim fail...again it is not thanks ONLY to PMO and Mr Irwin, Moody fcked it up on the original contract with PMO..and is totaly impotent to any further development ( as before: probabley a good thing). The RKH BoD are surplus to requirements. Obviously a full BoD removal is totally impractical...but these guys are not learning any lessons or exhibiting financial control...pretty good at spending it though.
Rgds Simple Surft (-;
'The coal, oil and gas industries benefit from $5tn dollars a year – $10m a minute – according to the International Monetary Fund, which described its own estimate as “shocking”. Even direct consumption subsidies for fossil fuels are double those for renewables, which the International Energy Agency says “greatly complicates the task” of tackling the climate crisis. The biggest subsidisers, the G20 nations, pledged in 2009 to end the handouts, but progress has been very limited.'
Hopefully BOD are able to see further than camels and snouts
Cyan, I reckon you are about to get a 'don't invest in companies that issue bonuses' response!!
Good morning Surfit .
I agree entirely regarding bonuses;
Something to look out for later; an enormous bonus on 'sanction',
"A one off special bonus of between 100% and 200% of salary will be payable at project sanction with the exact quantum of this bonus at the Committee's discretion."
p.47
hTTps://rockhopperexploration.co.uk/wp-content/uploads/2019/04/RKH-Annual-Report-2018.pdf
I want that bonuses payment condition ammended to after first oil. We frankly can not afford bonuses now; actually I want to see a 25% reduction in the $5.4 m Per annum admin costs; they're just too high.
I hope MOODY & MACDONALD do not to get bonuses for last year.
Thank you for the post CO, bodes well for the UKEF support.
Market still not got behind RKH regarding the news issued by PMO nor RKH.
But
As others have said RKH (BoD) having dropped the ball on so many occasions i.e having painted themselves into a corner by having deluded aspirations of being an operator have been saved by the very people that they signed up to and who failed them due to Solan and the Oil crisis.
I think we probabley can look no further than Oliver Irwin as being RKH's and the SL projects saviour. Certainly not Moody. The nerve of the man allocating himself a bonus (and his 2ic monkey) when cash is so very tight telsl all investors the ethics and thought process of the man.
But with UKEF funding looking promising...as indicated by the Boris's words and the financing deal raised by Mr Irwin. We look like we may make it.
As to what the share price would be on sanction is anyones guess.
The market could respond well but obviously depends on how far this falls back to before then if course.
Those that bought in at the very low and sold on the news would have made a decent profit...how they "knew" would be an interesting debate regarding insider trading. If its not insider trading then it was just guessing with regards to the positive and recent life line.
Would be interesting for the FCA to look who made the large buys and when.
Thing do look more favorable though. Despite nothing having been signed yet, finances not proven as yet with our new partner (but they, PMO, and Mr Irwin will) Moody will be told later of course i.e chill Sam its all under control keep quiet, keep taking the cash and do not say or do anything to fck it up.
GLA
Rgrds Sft
Listen carefully......
h t t p s : / / youtu.be/1dcYXRawS_g
(Remove the spaces!)