Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
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Translation posted on here earlier of Navitas' Q3 comments on Sea Lion are same as I get. More exciting each time a quarter elapses and their '24 FID target just remains unchanged even though we're getting close.
Interesting that the FI Press Release was issued at 16.31 hrs today - a minute after the London Stock Exchange closed. Looks to me that FCDO (who were represented at the subject FI/Navitas meetings) were involved in this timing?
My reading is that the concern is more about what the board does with the money when they do get it. The money could gradually disappear in salaries while nothing much else is achieved or they might sell the debt for half its face value if they're desperate for cash
Thanks for your thoughts HappyInvestor100. I'm reasonably happy to wait to see more of the value of the arbitration award reflected in the SP. Having recently participated in RKH's open offer, plus a few more shares because of what I hoped was an imminent arbitration decision, I'm feeling fairly relaxed as I sold a few shares soon after the RNS to exercise my warrants at 9p. Good luck. GP
GreyPanther
Assuming payment of some tax, it probably comes to roughly £150m.
It's possible that some of the pre-award price of 7p included a small risked component for successful award i.e. what would the price have been with no OM decision on the horizon? However, personally, I think very little chance of success was priced in before.
Now at a market cap of £77m, as you say we have probably have around roughly £40m priced in. That's because the market is implying roughly a 25-30% chance of RKH ever seeing any money. One would not expect a 100% of the award to be priced in but only 25-30% - that seems very, very low by any calculation!
I guess it partly reflects the loss of faith in RKH's management team over many years. Once bitten, twice shy.
I think the market is far too negative and the award will be enforced and collected but time will tell.
All IMHO DYOR
Best
Happy
All IMHO DYOR
Happy
Does anyone know why there was a relatively small jump (OK; it was about £40 million) in our market cap yesterday following that excellent RNS about the highly favourable Italian arbitration decision? It's about a +70% increase and at first sight it may seem quite a lot. However, the RNS said that an arbitration panel had unanimously awarded us Euros 190 million in compensation, plus interest at EURIBOR +4%, which I think is about 5% interest for more than 6.5 years and which might therefore come to about €250 million in total including the interest, or about £213 Million in Sterling terms. After the ca. 20% payment due to the arbitration funder(s), Rockhopper apparently expects to retain about 80% of the award, which would mean about £170 million for us So why has our market cap increased by only £40 million since the announcement. Maybe the market thinks Italy won't pay up, or perhasp we're in for a long sustained rise, and I certainly hope so. Any ideas please?
Hi Antc1. If you decide not to purchase any more Rockhopper shares via their open offer, all of your existing shares will remain in good standing. The only thing that will happen is that you will own a slightly smaller percentage of the company's shares than you do at the moment. Can I suggest, before you make a final decision, tat it would make sense to compare the open offer price (7p per share) with what you paid per share for those you already own. If the 7p offer price is cheaper than what you paid and you like Rockhopper's Falklands interests and -most important - you can easily afford to do it, you might want to think about adding to your holding. Not that this is in any way a recommendation. All the best, GP
Can some one help!!!
If I decide not to purchase any more shares through the open offer, what will happen with my existing ones. Will I loose them or will they just stay with me.
Thank you JEBR for posting the best post I have read on this stock on this board for a very long time. Your medium scenario of £3.23 /sh looks feasible, and your best case scenario of £6.07 /sh also looks quite possible, on the reasonable and detailed assumptions you have made. And that is just for Phase 1. And I agree with you that FID might take place quite a bit sooner than some of the sceptics are assuming. Good luck to all.
it could take 3 years to pay off the loan..........which would mean it would take 5-7 years at least before RKH start making some serious $$. Who has the patience to wait 5-7 years?
RKH will retain a 35% of SL
For cash, short Rockhopper Navitas will provide a loan, with a first instalment pre-FID and later will extend additional financial support to help cover two-thirds of the company's share of development costs. The pre-FID interest will be 8%, and with a positive FID, the loan will be interest-free, and funds repaid from 85% of Rockhopper's working interest share of free cash flow.
RKH will have pay 85% of Free cash flow to pay back the loan (Could take years to pay back)
If RKH and NAvitas choose a low cost option we'd be looking at 40-60k barrels a day from Falkland in the 1st phase....That means roughly RKH would (17,500 barrels x $60 , $40 operating costs - assuming $100 bbl oil and no less) so RKH get $1 million a day or $365 million years, discounting any potential problems......
but RKH lose 85% of that freecashflow?
So Rkh are left with about ($356,000,000/100 * 15) = Around $50 million per year profit..........What the hell can RKH do with $50 million per year, can't grow or anything just pay for sam moodys salary, please tell me my calculator are way off the mark here.
THis is all assuming $100 bbl oil, if its $70 bbl oil, RKH will get like $25 million a year profit, not even enough to keep the lights on
pompeydonkey - PMO are not in this anymore, who cares about them
That should say couldn’t buy
I could buy 55000 shares on Barclays on a quote and deal so had to phone them to which they said there wasn’t 55000 shares available
Managed to get them in the end on a at best only
My first post on here so judging by historic comments I expect a certain level of abuse. It is Christmas after all.
I've been invested in RKH for over a decade and bought at varying prices. I've read all the comments about Sea Lion and the Italian Job but nothing ever happens to this damn share price, apart from it dwindling down to its current penny stock status.
More of a comment really, just hope it gets back to 17p and I'm out of here.
Next week 30p, lol, delusional
Been a long while since I've posted on this but I keep a keen eye and as a long term investor with Rkh I do think 'now' is the time to be in this.. nothing technical here - I see much analysis full of detail yet often completely wrong.. I just think Pmo are looking stronger with their financials and Boris is now PM which is extremely positive for our direction as a country.. of note his visits to the falklands in the past (no doubt oil was discussed...) In Thatchers memoirs she gave little credit to the North Sea in helping turn the economy around.. I just think we'll get Brexit out the way and Boris will be reaping the benefits in the long run of the Falklands.. This has been edging up of late and my bold prediction (gut feeling) is by this time next week we'll be 30p+
What happened to Egypt I thought we were meant hear something very shortly after agm
It is to show trades on the NEX market. But it has its own bulletin board as well. Seems a bit daft.
SBP...hi
I’ve been a RKH holder for some time and follow the board. But I seem to have missed something...what is this share all about which seems to run alongside the main one?
Where is Garbled?