Rockhopper Exploration Plc Share Price (RKH.GB.PL)

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