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I for one am happy for this sorry saga to fail or succeed but after ten years of waiting I just want a conclusion one way or the other
Give him more meds
So in buying warrants I have supported the company and yet apparently Sam hasn't bought his yet? I understand that navitas are in charge. If we are saying that the board have no impact on Fid then what are we paying them for ?
I for one am happy for this sorry saga to fail or succeed but after ten years of waiting I just want a conclusion one way or the other
Godders, RKH are not in the driving seat, they have not set a deadline, Navitas have. Why don’t you troll the Navitas forums if there are any and air your grievances there?
Also why do you always talk like you want them to fail? Is seems very strange to me that you would invest in a share you continuously knock down. Saying it’s a “Win, Win” if they fail or get to first oil doesn’t make sense at all!
Suppose it takes all sorts. The positives for me are that Ian Ramsey has hired a good team around him; they have just visited the Falklands; the FIG are hiring again and we are almost 2 months away from the OM final hearing AND you have taken up your warrants, you have helped the board that you have little or no faith in, to continue on for another year before needing to cash in the OM award/get paid out/fund raise.
So on behalf of the board and myself, thank you for your support of the company you continuously berate.
LTT
Nurse Nurse
He is out of bed again!!
Don’t let him use the computer in your office and if you do put spellcheck on for him…
GLA
If anything job adverts now indicate they aren't making the 2024 deadline. Presumably there is a lote to be completed in the role prior to Fis and it will take months for the role to be filled and further months for the new starter to get up to speed . I'm telling you now no fid in 2024. Note mogger and ovets refuse to offer an opinion on this assertion
I didn’t suggest his posts were not informative .. they are. They tell me of the blind optimism that isn’t tempered by 10 years of poor management of the Project by ALL parties. FIG included
I suppose the point of such jobs postings is to highlight things are going on rather than anything being a nailed on certainty. Personally, I find Mogger's posts of use.
Takes a fool to recognise one, Mogger.
Latics,
Wrong again. Why do you insist of looking the fool?
The position I posted is due to a reorganisation to help Navitas get to FID.
Yet again you should spend your time in research rather than posting negative rubbish.
https://fitv.co.fk/news-and-events/the-falklands-government-is-restructuring/
Mogger
LR
For your information..............
It was the previous incumbent "Director " who resigned and was replaced . The "Deputy Director" is a new post
Until yet another key timeline assertion by the board is broken. Tick tock
It could be a busy year or it could be more of the same. Note Mogger has been posting job vacancies such as this for the best part of 5 years. As yellow canaries go this has been a very bad one.
Mogger … didn’t the previous encumber resign so it’s not technically a new post, but then again I suspect you knew that and posted minimally to make look like ‘yet another post’ ?
This is not an IF situation . Not taking up the warrants is throwing money away. Its cheeky of Sam to not take up the warrants til the last second when the whole point of them was to aid cash flow. but that's just how Sam operates. He's lining his pocket first and foremost.
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 ?