Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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Kurgan2.0,
Have you heard of schadenfreude ?
Nigoil - "FID and sanction 2019", we are going to hold you to it. Get the felling you are going to look like a muppet yet again!
all those strong buys, imagine how down people are if they listened to you !
stop telling me to sell, i have been over that countless times.
Yeh, it 10x bagged in a different market, when people had faith in the RKH BOD. Now they dont
Prat - No a 10x bagger is though, clearly !
If I may Godders99, we were all positive but certain events and actions by the BoD may have erroded that spring lamb feeling.
And the screaming indicator to all doubts are those "clever" actions of said BoD and the current reflective share price. Any one that can keep shouting otherwise could be considered as quite dangerous.
Hope there is remaining hope but its not the same that I came in at in 2016.
Its sitting in a dark room, with loud music on (so you cant hear the baliffs) with you fingers crossed listening to the lottery results on Saturday (Friday was a wash out).
:-)
Rgds Sft
ralph2010,
As the price is currently 16.2p. Talk of a takeover at 20p is a mindless ramp !
Mindless ramp. I think this crap could get taken out for 20p when it hits 5-10p. SaMUEL Moody will still do ok though, might have even made some money playing Fortnite for the last few years......
Well, someone bought 265, so things are looking up!
Godders - who said anything about 25p?
Nigoil,
Its genius when you think about it, sell your shares there's going to be a takeover !
Ovets,
Nice to have a sensible well reasoned post. A couple of points to add. An aquiror of RKH would need PMO to have financing in place for Sealion which means UKEF and Lenders on board. They would also want the free carry which would mean PMO on board with a takeover. If its too cheap it would make them look like numpties for paying 600 million for 60% plus free carry !
While we all wait and speculate about what's going to happen, Nige has banged our ears multiple times daily, but none of his predictions has so far materialised. Something was going to happen on 14th November, which came and went with only a fall in sp to show for it. Nige's latest gem is that the MMs were playing a blinder - whatever he meant by that.
After SL was discovered, once its considerable volume and quality of oil was verified, with the PoO was around $100+, PJ & SM assumed that they had such winner without any downside, that they didn't need to worry too much about managing RKH - it would virtually look after itself and their bank balances.
They treated RKH and its shareholders accordingly, feeling entitled to milk the company. FID/sanction would be very soon, making shareholders rich, so not many objected, or seemed to notice.
However, in 2014, the PoO collapsed and even worse, it refused to recover, falling to below $30 in early 2015.
It was at this time, the much anticipated Eirik Raude drilling campaign was just starting, which burnt through the money, eventually bankrupting FOGL and producing very little for the vast sums expended.
Ombrina Mare was acquired in the 2014 takeover of Mediterranean Oil & Gas and then Beach Petroleum acquired in 2016.
The full story is much more complicated than that, but you get the idea, and we approach the end of 2019, still with nothing to show, with climate change dominating World opinion about fossil fuels and real concern about how the SL project is going to be funded.
If SL and the rest of the Falkland NFB is as good as people say, you can be sure that, all the while, others have been keeping a quiet, but beady eye on progress (or lack of it) and one conclusion they're likely to have reached about RKH is that its management team is greedy and not especially talented, even though they've got us this far without going under.
With that in mind, would-be predators will have worked out that RKH could be a bit of a push-over.
So here's my prediction and you can come back and shout if it turns out to be wrong:
As the delays continue and the market shows little or no interest in RKH, I believe a predator is going to snap-up RKH (with all its FI licences) when the moment is right, when everything is looking hopeless and for as little as possible.
With a possible arbitration award, possibly worth up to about $100 million, a predator may choose to jump-in before that's announced in Q1 2020 and possibly before the Export Credit funding is announced (if that even happens).
It could be that the part of the farm-in deal TD has referred to will involve taking-out RKH. The current fall in the RKH sp probably suits farm-in candidates very nicely.
As far as FIG is concerned, a PMO/ANOther venture, without RKH getting under their feet, could be just what the doctor ordered!
If you're counting on that "multi-bagger" win, I think you can forget it.