Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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No that’s the CEO
Decidedleaverage
Posted in: RKH
Posts: 148
Price: 8.72
No Opinion
8 pence and falling30 Dec 2022 14:02
sorry I meant FID in 2023. TBH i was expecting FEED to be completed in 2022 . At Sam howabout a (no) progress update?
The market thinks you aren't progressing. Prove otherwise
Also posted
9p falling on27/1
12p in July
11.85 inJuly
11.69 inAug
12p in Sept
11.65 in Sept
OK proven otherwise 😁
So roughly a 50% rise since you started whinging and predicting the end of the world
Are you one of those chaps who stands on the corner of the street telling us all to repent
Failing knife? The last three years show a gentle upwards trend.
@Ovets … thanks for the advice, Sir.
Definitely, but please wear gloves
Just wait for the Rampers to tell us that NOW is the time to catch the falling knife …
DM agreed. I think there is a definite reason this SP is so low. Either its No FID next year or dilution. Either way the share is fairly priced
Decidedleaverage,
I don't think that will happen based on spot prices. If you look at futures prices to Jan 2025 they are all up despite spot being down almost 4%. Harbour and Tullow shareprices also firmly up today.
I'm more interested in Navitas. Their share price has done rather handsomely over the last 12 months. Sea Lion, as you know, features very heavily in, as they term it, "Navitas' Discovered Resources." Basically Sea Lion accounts for 463 of a total of 715 MMBOE. I'm keeping a very keen eye on progress of Shenandoah which has predicted revenues of 1.135 billions USD in 2025.
Obviously for RKH, the next bit of news will be how many of the warrants have been taken up. If the news isn't as hoped (and I have taken mine up as well as both my kids in their child ISAs) RKH can fall back on selling part or all of the award. Dilution coming after both of these.
@Danger_Man - since RKH is not a producer then that doesn’t surprise me. There ‘may’ be a tenuous connection between the Brent per barrel price now and the $70 upon which Navitas and RKH are trying to raise further farm out involvement but no one seems interested, least of all Sam.
Interestingly, RKH's share price and that of Brent have not correlated in any way over the last 12 months.
Ha as i always say macro conditions change quicker than this project . I'm looking forward to the FID delayed owing to the price of crude excuse.
Dear all, my first post here and very much a novice and small share holder. I don’t have a stockbroker or any fancy financial folk looking after my shares electronically. This may or may not help those wishing to exercise their warrants. I contacted the RKH offices and spoke to a very helpful young lady who told me to send my completed warrant certificate to her along with a cheque to cover the cost of your new shares. Within a few weeks I received my new share certificate which was probably about 2 weeks after my cheque was cashed. All very simple. I’m guessing though I’m in the minority as a certificate holder rather than electronic holdings. Hoping this info can help a few holders anyway. As we say in the Northern Soul community….Keep the faith. Regards, FOZ
Decidedleaverage,
Brent has lost $20 from the top not so long ago, I think we are doing well to cling to the 12p offer price !
@M-D no problem always willing to correct you when you make a mistake. Good of you to acknowledge it.
Thanks again.
***When the debate is lost, slander becomes the tool of the loser***
No need to reply, thanks
@M-D … you are such a clown.
Go back and read my posts and you will see.
Latta, why did take the warrent (based on your posts history) when you know full
Well and very confident that Rkh will fail in the future? Why ?
@pauldrayton … sounds a reasonable hypothesis.
Maybe worth investigating the current RKH rate of cash burn and how much left with warrant take up failure / success ?
I shall resist the opportunity to factor Mr Markets view on the BoD performance thus far as I think the SP tells us that.
Im very negative RKH but i can guarantee almost all of the warrants will be exercised. This is not worth discussing.
Why we are now trading in the 11 pence range. Now that is a good question
Isn’t it plausible that if the warrants are largely unexercised, that RKH may be able to place at a higher price next year anyway should there be material progress on Sea Lion and a positive outcome with the annulment case? I guess the question is how long can they last without raising further?
@DD7 .. pleased for you and yes I have already taken up mine. Looks like we are in the minority though and one wonders why if it is free profit ?
You could be right latics, Halifax set a hard deadline of mid November due to the intricacies involved……….however they have synchronised my account almost instantly following this deadline.
However, with the SP currently 3p higher than the warrants, I’m not sure why you wouldn’t take them up. I’m holding mine, brings my average down to just over 19p
Seems like the purchase of warrants shares is problematical and highly dependent upon the broker used. Pis may well have missed the Dec boat if thff er y haven’t already exercise. IMHO this closing window of opportunity may well remain open longer for larger holders such as RAB Capital and AEDOS to take more profit. Sadly it’s looking like there will be no last minute flood of take up. I hope I’m wrong but the SP doesn’t lie.
I thought i'd refer to this link to show just how cheaply a refinery can be set up for should the opportunity fit into a developement plan even if it's off the table right now;https://www.youtube.com/watch?v=KsB9OTkepe8
They seem to get over 300bopd refined from each road tanker they convert. And the best part is, the asphaltines left over can be used to refine the next batch. Cheaply operated & don't even need an electrician to set them up. Just think of the added crack spread!