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The deal with JHI is worth 4p per share for Argos .
Come back in 2026....IMHO / DYOR
Thanks for the reply. That’s frustrating to hear lol. That’s my second stock that’s gone like that 😩😩 not having much luck in this game. Lol
There will be no cash payment. you will end up with worthless Canadian shares which you cannot sell in a stock market. Perhaps in 5 years you might get your money back, or not, via a takeover.
I brought these last year at 3.77 I'm now 85% down :(. no idea what to do. either take the little amount left in out now or wait to see what happens when they either provide cash payment or give shares back. not really sure what to do any opinions? real helpful people only, please.
Hi all,
Quite new to this and need help please
would the below fomula be correct ?
235.14 ml Argos / by 8 mil JHI / @ $12.86 be correct ?
Or how much would 100k Argos shares be worth ?
THANKS
Cyan,
Come back in 2026...
Regarding the oil, if Argos's cpr is not good then Rkh's cpr is the same.
What surprised most, none holder here are worried about the acerage and the future.
What a lump of f00ls....IMHO-DYOR
The kitkat cannot help themselves but to look the total f00l they are. Sad situation for the persons state of mind.
On 5th May Market-Dealer posted this entirely misleading line;
"Also, Argos's acerages has over 10b barrels of oil, Rhea is as big as SL (probably is bigger
Than SL) only few km from Sea Lion,"
Today , when challenged on his assertion that ARG has oil posted this;
"You are the f00l cos you haven't read anything"
Read this which I posted on 22nd October 2021;
"Good morning Falky
You wrote;
"Argos is better investment than Rkh, the risk is the more less the same,
But the rewards can be a lot higher....IMHO"
How can the risks possibly be the same ?
Argos has not found any oil let alone fully appraised a giant discovery as Rkh have.
Argos spell it out clearly;
www.argosresources.com/perch/resources/arg-2019-annual-report.pdf
page 11
'General exploration risk'
"......no commercial volumes of oil or gas have yet been discovered and there is no certainty that such discoveries will ever be made." "
That is ARG themselves clearly stating the TRUE position
Why argue. They are de-listing. You can still sell this morning.
You f00l, do some reading before posting nonsense.
Started to feel sad for you...IMHO
So Garbled, just to be straight, are you telling it’s nonsense that ARG haven’t found any oil? Or, as I am no f00l and read all the rns’s, is it a fact? I have read nothing that tells me ARG have hit any oil. So, one of us lying, who is Garbled?
You are the f00l cos you haven't read anything
But spouting nonsense.
2026 not far..
Who's the f00l? I see ARG have no oil , you said they have a bigger field than Sealion. You are a liar , they have no oil. Come clean and admit your lie.
Yawn !!
You are trying make f00l of yourself again without any assistant, carry on.
Have a look at the cpr you f88l.
FYI, JHI Have paid about 4p per share for argos.
The doomsayers Garbled? You shouldn't be allowed anywhere near a board. How can you say ARG have a bigger oil field than RKH when ARG haven't found any oil? That really is just bare face lies on here from yourself.
Of course , if you dont feel like waiting 3 years, take a look at UOG.
Result of latest development well due very soon
Farm out results for Jamaica ( potential 4 Billion barrels ) due by end of Q2.
Making a profit with cash in the bank.
Https://en.mercopress.com/2023/05/05/canadian-company-jhi-to-explore-for-oil-and-gas-in-falklands-waters
Wait & See.
Arg should have done a deal with RKH.
Understandably there are people keen to get out and they will tell you this is a great buy.
But it's not. Having already bought, existing holders have a tough decision to make and I wish them luck. Anyone buying in now is just ****ing away their hard-earned cash.
All IMHO DYOR
Happy
https://www.stabroeknews.com/2021/11/01/news/guyana/exxon-finds-third-dry-well-in-canje-block/
Unfortunately Exxon drilled a well (or two?) but they came up dry.
I think JHI stake in Guyana is probably worthless. That's why they are interested in FI.
All IMHO DYOR
Happy
You can work it on the % they in JHL..... it's not difficult, is it ?
Also, Don't forget the other prospects outside the Falkland.
Come back in 2026....ATB
How can it reach 50p- 200p when ARG shares no longer exist ?
TheCondorMan? Great post and thanks for sharing it.
This is the best deal Argos's BOD has done, no dilution...IMHO-DYOR
Drilling will start in the North Basin when RKH-Navitas are starting drilling in 2026.
SL can't be fully evaluated without drilling 1 or 2 more prospects, those prospects are shared
between Rkh and Argos's Acerage.
Also, Argos's acerages has over 10b barrels of oil, Rhea is as big as SL (probably is bigger
Than SL) only few km from Sea Lion,
What happened to the Doomestrs here ? They gone quiet.
Some of them were saying, bankruptcy and insolvency....lol...
50p-200p range will be easily seen on Rhea's drilling success....IMHO-DYOR
Rkh - Navitas has to drill the sharing prospects (SL) which are on rkh/argos acerage.
Why would JHI be interested in Argos now?
Why would the BOD....etccccccc
Cheap as Chips.....IMHO DYOR