Firering Strategic Minerals: From explorer to producer. Watch the video here.
Well that shut me up. A great day for RKH and I am very pleased ad relieved to have been proved incorrect.
The only downside is the lack of a price rise. Just what des RKH have to do to get a price rise?!!?
My point is - it calls into question the integrity of management
Well I didnt hear Sam correct PJ when he said the share was grossly undervalued. i didnt hear him contradict our chairman's claim that he was "unable" to buy shares. I also watched as Sam bailed out FOGL ( a bankrupt company) at way over market value and then employed the former CEO as head of the RKH remuneration committee .
Those manipulators are good. They've manipulated the share price down all the way from £5.00 to 14 pence over a decade.
That assumes you trust the answer offered by management. Our former chairmen "Id like to buy shares I just cant owing to restricted periods", "PJ" this share should be north of a pound etc etc.
I hope you are right, i really do. Re Navitas forging ahead - here I agree with you but RKH need to do well too for "us" to do well. There is a big difference between RKH doing well and Sealion proceeding. I fear we will need another dilution because we cant gain access to the OM award for example. RKH are in such a weak position owing to our reliance on Sealion and our dwindling cash reserves.
I remember RKH kept up the pretence that everything was fine with PMO long after it was demonstrably shown that the relationship was frayed and PMO were pulling out. I was guilty of believing the narrative issued by the board rather than being objective. I fear the same is happening with FIG Govt. We have 11 working days to get approval for the OM tax treatment resolved before we run the risk of voiding a contractual agreement that RKH put in place with the
OM award novation counterparty. I absolutely agree that practically speaking, in the case of the award agreement it will most likely make no difference , but it does provide a glimpse into the the state of the relationship. The wider issue is if RKH and FIG can't get on over a minor point how will the project proceed at all? Perhaps that is why we are still at 14 pence. Sam would you like to issue a statement to allay the shareholders' fears? Thought not!
I look forward to the conspiracy theorists coming up with reasons around how the FIG govt is actually helping progress the project by delaying the decision.
McCloughry , you are entirely right.: I dont know for a fact. I think an RNS was released last time round wrt to the LOIs and thus the absense this time implies that nothing has been signed. I could well be wrong on this .
We will find out at the AGM. My bet is FIG wont have signed off on the tax and no LOIs will have been signed. It will be interesting to see how RKH management explain away the deadlock. 50 p ? I'd snap your hand off. in 4 years time we could easily still not be at 50 p. Time value of money etc etc
During the PMO days we got to the LOI stage.. Something we have still yet to achieve this time round
Ovets we were just as close during the PMO days. If every duck aligns first oil is scheduled for EO 2026. IF IF IF IF . A bird in the hand and all. And no i dont know we are close, this is at 14 pence for a reason: the likelihood of those ducks all aligning is deemed slim.
How can you have any insight into my sincerity? Am I not allowed a view?
RKH is a risk weighted punt and right now the market views that risk as high. There's plenty a slip between cup and lip. 50 pence a share represent a 3.x ish return on the current price and I would view it as very generous. We are a long way off first oil both in terms of time and process. Valuing this share at 1 pound plus is a nonsense and predicated on many many unknowns and much time.
Agreed my use of "falling-out" was poor. Apologies
Im not blaming , im just stating RKH has/ had an acrimonious relationship with these entities.
I would accept 50 p.
Incidentally, I think its grossly unfair that any concerns raised about the relationship between RKH and FIG are shot down. This entire project is predicated on the parties getting on and FIG not signing off on this tax treatment, at least implies all is not well on that front/ warrants the question. RKH have a history of falling-out with entities: Bodecott, PMO/Harbour/ Italy/Argentina etc etc
In Oscar India Lima's Defence the SP hasnt moved in a year. In fact we are down on where we were 52 weeks ago. I've no doubt we will have some peaks on news days but they wont be maintained (as with every other peak over the last decade)
No it doesnt answer the question. Actions speak louder than words, the closer we get to the deadline, the more i consider the situation incalcitrant.
Oscar
its 13 pence now. Ill be amazed if we end the year at less than 18 pence.
Oscar
its 13 pence now. Ill be amazed if we end the year at
LTT , I'm just intrigued. RKH is such an opaque company I'd just like to know where to look to find out more so as to contribute more to the forum. It shouldn't all fall on Mogger's shoulders.
No. Now if you wouldn't mind explaining how you have the expertise and time to source all of this pertinent information it would be appreciated.