Member Info for AlmaCogan

"The spreads to big Alma so it's too illiquid to make HFT viable, there are 10s of thousands of better shares for that kind of thing but I cannot say it never happens so it is a possibility but unlikely in my opinion.".............

Years ago there was a guy here called STU who had subscribed to Direct Market Access, to avoid commissions and brokers. He ran an algo from work, exploiting the different market positions of market makers in a stock. He put limit buys at the bid and limit sells at the ask and let the algo run freely and it worked, based upon the principle of price discovery. He really could not lose money even if they were only small trades, and over time he built up capital from it. It's form of arbitrage but needs to be done in volume across a portfolio.

"I don't know how Ole Jimmy Godbold is gonna unload his 4mln shares"

Agreed, he could be the share price single greatest enemy.

Have you considered HFT bots doing a regular scalping job, RKH being one among hundreds, where they make thousands overall.

I have spent years wondering about the meaning of the word " hubris" and then I found Mr Chess

TCM , I always suspected you were a Russian propaganda agent .

Now I am certain of it.

You probably wear plastic shoes with pointed toes. Dead giveaway.

Funding being the biggest impediment to FID in 2024

The bridge over the Rhine being the biggest impediment to peace in 1945

Impediments are overcome by people with purpose, not whimps

TCM, as I understand it, Rockhopper has no say or insight in how Navitas is raising funds so it may well be a general comment that money is tough at the best of times. Nothing of importance to that comment.

As posted below, more Jewish investors in Buenos Aires than Brooklyn.

Funding is not a problem in such circumstances

TCM, Navita LP is not a company, but a partnership so it can't sell shares, as such , only participation unit in the partnership, which they might not want.

Overheard in a bar in Tel Aviv....

Listen up Ezra, I’m your wealth adviser, OK? You need to take action to protect your assets. Bibi is finished politically. He’s overplayed his hand in Gaza. There’s a general strike, economy is going down the pan and the shekel is going to dive against the dollar.

I’m offering you the deal of decade. Move your money into dollar denominated bonds from a local outfit called Navitas, with access to the biggest oil province in the South Atlantic and they’re in bed with Trump. You’ll be getting petrodollar assets with more upside than Mount Hermon.

Ezra, I know about the geopolitics but the Falkland War was between Gentiles, not Jews.

There’s a bigger Jewish community in Buenos Aires than in Brooklyn, and they are all signing up like it was an Oasis reunion gig. Javier Milei can’t pee them off, political suicide so he’s going to let it pass. He’s a closet Jew anyway. There’s no risk here Ezra, it’s crazy, but nutcases in London don’t see it yet. Get in while you can and while that apostate Miliband is destroying the oil industry in Europe.

...........

“Where do I sign?”

I don't think the Navitas Final Investment Decision will affect the share price significantly or for long. Most retail investors, like Doris from Darlington, will not know what it means, and who is Navitas, anyway, sounds like a boat yard in Florida ? "Tel Aviv? Isn't he an exotic dancer on TikTok?"

The real kicker will be the mobilisation of a drilling rig, with the attendant banner headline in the Sun newspaper ...." Israelis mobilise to Falklands to defend its oil industry from Argentine aggressive threats". And of course the Sunday Times saying "UK abandons the Falklands to Middle East billionaires" .

Now that kind of PR will move the SP , all in my opinion, DYOR, gut feel matey, Essex forever and god bless gravel packed completions.

It's then bound to be a £ squid even if it's a dry calamari.....................................

If all of God's creatures are equal in His eyes, then why are seabirds to be protected when seafish are to be killed and eaten in the same policy document? As a possible victim of this marine slaughter, I am sure "damp squid" has an opinion.

TCM is correct. This EIS is toilet paper to CYA and to head off legal challenges by Marcus, Phoebe and Indigo living in SW19.

"P.S. Alma - how's the cat?"

The cat is well, thanks for asking. It has nine lives, just like yourself. It gets fed proper rabbit based pet food, not Falklands squid.

Do they call you the calamari man down at the pub? You ought to go to Spain and sell yourself at the fish market.

I can get you a gig at Blackpool North Pier if you like. DM me for a quote.

Well, damp squid, as Arthur Daley would say, the world's your oyster now. Had you been a damp squib, you wouldn't have been a banger.

Oops. Mea culpa , they do now seem appear on the official trade list . Apologies.

The two +/- 250k trades cancel each other out and do not appear on the official London Stock Exchange trade reports for today. Ergo, they did not happen , "LSE" software bug on here.

The mini trades are from Freetrade where no commission or stamp duty applies.

Oilbebacksoon, if the profit from Sea Lion phase 1 is spent on share buybacks, where is the money coming from, for development phases 2 & 3, plus further exploration? Re-issuing the shares they just bought back?

Does not seem prudent to me.

Any director of a growth company who thinks a share buyback is a good use of money, is a director with no vision for the company's growth, or how to go about achieving it.

It works for large mature inflated cash rich PLCs like Lloyds but it totally castrated Union Jack Oil share price , for example, when the directors thought they were wearing big boys' pants at the Institute of Directors dinner.

Energy from the sun, winds, tides and rivers is effectively infinite, NOT renewable, like wood fuel is. However, endlessly extracting it as "renewable" for human consumption is not possible.

Solar panel technology is “renewable” because the panels must be replaced with new ones every 20 years, and the old ones go to landfill. You buy a new one.

Wind farm technology is “renewable” because the operators must renew planning permission after 25 years and install new wind farms, and the old turbines go to landfill. You buy a new one.

Heat pumps are “renewable” because you need a new one every 15 years, and you take the old one the council tip. You buy a new one.

On this basis, even CCGT generation is “renewable” because new plant must be installed every 15 years or so. You buy a new one.

Lithium-ion battery storage is renewable because it goes flat after 5 years.

Lead acid batteries go flat after 3 years or so and you go to Halfords for a new one.

The rate of mining and consumption of rare elements to sustain the “Renewable” mission exceeds the rate of consumption of oil and gas as a source of energy. The renewable industry will run out of minerals before the fossil fuels run out.

More copper is needed to distribute and balance this carbon free energy Utopian energy network around the world in transmission wires and cables, than is available to mine.

Then you have the Jihadis and Russians who will just destroy power networks, like in Ukraine or Nord Stream, because they can, and because you worship a different God or Dictator to them.

Then what to do?

Volunteer for the Elon Musk mission to Mars and leave it all behind!

TCM , thank you for that valuable insight into your world of fame.

My followers might be interested to know that I had an affair with John Lennon from 1962 at my flat in Stafford Court on Kensington High Street, even though he was a married man.

I am pleased to update my followers; it is a little known fact that we used to enjoy fish and chips delivered by a London black cab ( no Deliveroo in those days) as part of our nightly romances.

John cleverly committed his memories of this tryst to posterity by including a line in the song Penny Lane for Paul to sing: “ Four of fish and finger pie”. Millions of fans have never known the meaning.

Naturally I cannot recommend this kind of culinary practice to my followers, but it surely transforms a certain surface!

Apologies for this off topic post, but I thought it was important to share this important piece of musical history.

Have a great weekend pop pickers.

For those who advocate a Navitas all share takeover, be careful what you wish for.

Navitas Petroleum LP is NOT a company with shareholders who own shares, it is a Limited Partnership with partners who own Participation Units (a mix of loan and capital). The Units are traded on the Israeli TASE exchange. So, it’s basically, what we would call in UK, a special purpose retail venture capital trust.

Unit holders will never get a dividend, nor will they get a vote. They are limited partners who assign all managerial decisions to a General Partner, in whom they trust but don’t control.

The end game of all venture capital LPs is to manage the growth of investee companies, such as the operating companies in Texas and UK for Shenandoah and Sea Lion and sell them on for maximum profit at the right time.

Such profit is accumulated and distributed to partners when the LP is eventually dissolved. The trick is to pay off the loans first and treat the excess as a capital gain rather than income. This has favourable tax treatment is Israel, but less so in UK, where HMRC are trying to align income and capital gains tax rates.

Navitas LP is not in this for the long-haul IMO, it’s not in their constitution. It’s like the Glazer Bros at MUFC (Thank God for Jim Radcliffe). The General Partner team will have substantial carried interests which only pay out upon dissolution of the LP, and they will want them paid out.

Do you really want to swap your RKH shares for Participation Units in a far-off land on an exchange which you don’t know how to trade?

The ghost of Ken Dodd will know better, of course!