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Best to sell at 8p now then Ralph eh?
Spacehoppa and Ovets
Fair enough…I’ll shut up and wait ??
Actually I’ve been pretty good at waiting, still not sold a single share
If OM doesnt come in or is very small, then I think this will be 2p and Nav could take us out easily.
**I think Nav will want to take RKH out. Wonder why they didn't before ? Have FIG got a RKH holding ?**
Interesting - some time ago, when PMO was RKH's partner, I suggested that RKH might be taken out, the LSE BB wolves tore that idea to shreds.
I suppose it depends on who would end up being the operator. At least for the time being, I suggest FIG would prefer RKH to be the licence holder. That might change, as FIG becomes more familiar with Navitas, as well as others getting involved.
For the time being, I think it's too early to start discussing a takeover.
To be precise, it's the Portsmouth Harbour Ferry Company Ltd, of which Gosport Ferry Ltd is a part.
If posting 'facts' here, it's important to get them right.
Actually think it's the Gosport ferry.
"FI Holdings who own the Isle of Wight ferries amongst other things"
Incorrect, they don't
My thinking is that RKH will be brought out well before any oil actually flows. Would people generally agree?
They have done a lot of work to get Sealion to this point, but would any proper development company actually be prepared to share 40% of the whole shooting match with them? Would you? I just can't see it myself.
And so if RKH do get the boot, when do you suppose that might happen - and what might be the offer price? A load of imminent dilution isn't going to help us LTHs that's for sure!
I think you mean FIG - the Govt - not FI Holdings who own the Isle of Wight ferries amongst other things IIRC
FIH has no RKH holding
"Have FIG got a RKH holding ?"
No - but they've taken quite a few lunches off us
'' but IMHO If Sam sat on his hands and simply waited for the SP to go north''
LaticsRule, the perception is that Sam does nothing other than take his greedy piglet wages and answer emails.
I agree the BOD's wages have been obscene compared to the performance the last decade, however I know for a fact BOD do sometimes work, as I was aware that Navitas was being very much groomed as the stand-in partner if waste of time Harbour walked, and that is what happened.
For me the getting Navitas was way more important than an OM payment. Without the former Rock were sunk.
Getting funding may be the last big hurdle if the expected OM pay day, for some reason doesn't happen, and towards end that I am sure former banker Sam will be working away towards several options.
@SpaceHoppa in essence I agree with you but IMHO If Sam sat on his hands
and simply waited for the SP to go north, then he would be failing in his duties
as CEO. I envisage that some form if risk analysis would lead to some form of
Funding. Agreed PI’s getting in now stand to profit but those who hold at high
Averages are at risk of serious dilution.
AIM is a betting shop with No interest in shareholders.
I think Nav will want to take RKH out. Wonder why they didn't before ? Have FIG got a RKH holding ?
Superritch, I do not think we can extrapolate too much from the share price other than the market in general does not anticipate yet either a win on OM, or a sizable payment from OM. The market is right of course, up until it is wrong, and then we have the large swings north or south. In my view OM is slightly a sideshow now as it seems overwhelming likely that Navitas intend to develop SL and Rock will be a part of that or be bought out. Eitherway Rocks SP will go north I feel.
You could well be right, but endlessly repeating the same discussion is unlikely to change anything, except to drive even more readers mad.
e.g. How many parents are driven mad by the incessant call: "Are we nearly there?"
Ovets
In a way yes, but yet here we still are….no OM decision, no actual progress on SeaLion and a SP of less than 10p……the reality seems to support my admittedly grumpy view :)
Hawaii has some very untypical US prices as so much has to be imported from the mainland
Undoubtedly petrol etc is MUCH higher than the lower 48
I’ve just got back from Pearl Harbour today and an American was asking me do you get ripped off for fuel in the U.K.??? You should of seen his face when I told him I pay nearly £8.00 a gallon. Bearing in mind over here that are paying just over $5 dollars a gallon (4.00) and that is on an island. The fuel was even cheaper in Seattle. That said the food prices in the supermarkets is ridiculous. $8 dollars for a loaf of bread. Bagels $6. Packet of ham $9 dollars etc. When I told him the cost of food we pay he stopped complaining about the fuel then says why is your food so cheap?? Oil is here to stay for a long time. Longer than must holders on here have left in life. So it’s got to go ahead surely. Just wish they’d hurry up!! Obviously the obligatory IMHO. DYOR. BORING. LIAR. YAWN. Just a gut feeling matey.
Always thought there was going to be a placing.
I suspect it will NOT be public be around the current SP as it seems to being held.
EGM move is the way ahead IMHO.
''No chance we’ll ever get a penny from the Italians, not gonna happen''
superritch, haven't we done this one to death several times over, always with the same outcome, which is that you're posting rubbish?
Spacehoppa
No detailed reply……obviously just my opinion…the only fact is the share price at any given moment
eeeek, all 4 failed.
In addition to Rocks I can only find 4 cases of Italy as a respondent, and Italy won 3 and the fourth was annulled.
https://icsiddev.prod.acquia-sites.com/cases/concluded
Logic based on evidence, says Italy have lost this one, but it's not 100% certain.
Has there ever been a claim against Italy that has been lost or a claim instigated by Italy that they have won? As it would be hard for them not to pay up when they have used arbitration in the past and have got a payout.
LTT