Member Info for AlmaCogan

Why would the management waste their money on a buyout when they can receive vast sums of your money to pay big salaries and bonuses to themselves and their advisers, after going private?

If you can see smoke, you are being smoked.

The SP is at its historic low and there must be a reason , and it's not "growth" for the benefit of the retail investor

There is no offer price when a company delists. That only happens with a takeover.

Censors were out of the traps faster than a greyhound at Belle Vue. That is all you need to know!

"So what happens to our shares if the company goes private" ?

You won't be able to sell your shares, which is why people are selling at a big loss now while they can. After that you will have no idea what your shares are, or are not worth, and you won't get any dividend after the troughers have taken their bonuses. The SP is not at historical lows for no reason.

I suspect you're wrong. More buys than sells tends to drive the ask price up, not down. The LSE algorithm for buy/sell is flawed as everyone knows.

I suspect that they will take the company private during the coming year. They don't need, nor indeed want, any retail shareholders any more, they have already soaked them for what they wanted. It's effectively a US private enterprise with a few large shareholders for their own ambition. If they treat you like a mushroom then you are a British mushroom, and not on their menu.

Hudson.....I remember it well, and no one played chess

"Say, when you have bought all the shares in a company, do you not own it then"

...No you are legally a PSC, a personal with significant control, in the case of 100 % of the shares, total control.

#pedantalert

Shares "in" a UK limited company are NOT shares "of" the company. They are shares of voting and distribution rights, together with a limited obligation to pay outstanding creditors upon insolvent winding up to the extent of your investment.

You cannnot "own" a UK company which is a legal person in its own right. In USA it's different.

"I did ask this question a few days ago and I don’t know your employment history but am curious if you every bought shares in a company that employed you".....

My experience of being employed in listed energy companies is that was it policy not to buy shares in the company to avoid insider dealing. The company usually had an employee share scheme and a broker executed the trade on the same day every month, so you had no influence on the price paid.

The reasoning for a farm out of SeaLion was that Pierre Jungels said there was no hope of any bank providing development finance to a company like RKH with no operating experience. Yet here we are with a 65% farm out to Navitas as operator, another company with no operating experience.

I think Jungels was wrong with his view, and he precipitated the decline. He was a poor Chairman in retrospect, using an easy life at Enterprise Oil as his CV. Subsequently we haven't any better either.

He's a brave lad, looking for gold in Falklands. But if someone pays a salary, eh oh?

This is from Falkland Gold and Minerals Limited in 2008......

" On 16 November 2007, the Company announced that it might be winding down its Falkland

Islands operations and seeking other opportunities. It was further announced in January 2008 that the Company had not been able to identify any mineral deposits of economic interest in the Falkland Islands and that it had completed its exploration activities and no further work would be carried out in the Falkland Islands."

There's a virus in that link. Don't open it

Chessmaster,

Yes, there are folk on here throughout the "spectrum" from moaners to incomprehensible ramblers and irrepressible rampers. It's just a social medium and all forms or socialisers will offer their thoughts, right wrong or indifferent. Some may have issues and it's an outlet to vent their inner rages.

I don't think that is any excuse to be abusing them in the way you often do. Just tell them why they are wrong in your opinion and explain why in a civil way.

I do not believe anything posted on here makes a scrap of difference to the company's fortunes or it's share price.

I think you are treading on thin ice here Chessmaster. The rools from LSE are.....

"By posting on our share chat boards you are agreeing to the following:

You will only have one login account. Registering with multiple accounts is not allowed. Any user found to have more than one account on this site will have all, and any future accounts suspended permanently."

Fessing up to having two logins is a bit risky, because they both might get banned. This would be a pity, because I am utterly in awe of your experience, insight and compelling knowledge of Rockhopper affairs and the industry in general. (or am I?)

I can appreciate you are a busy man but I cannot appreciate why you often try to take people down or abuse them as you did to CJ at 16.32.

It's almost like you enjoy belittling people, who don't match up to your superior intellect, number of mobile phones and investing prowess. You demean yourself and the rules of chess, in my humble opinion.

So we have Chessmaster1234 and Chessmaster321 on the same thread.

It's the very devil when you have two tabs open !

There are only 2 Institution holders.

Substantial Shareholders

As at 31 July 2023, the Company had been notified of the following shareholdings amounting to 3% or more of the ordinary share capital of the Company, in accordance with the Disclosure and Transparency Rules.

Number of shares % of issued share capital

Aedos Advisers 38,096,106 6.46%

RAB Capital/William Philip Seymour Richards 22,000,000 3.73%

Are you saying these two are up to something?

Chessmaster

just to re-iterate ........

If you have to resort to abuse , you have lost the argument.

Checkmate?

Chessmaster

just to re-iterate ........

If you have to resort to abuse , you have lost the argument.

Checkmate?

Chessmaster

If you have to resort to abuse , you have lost the argument.

Checkmate?

Chessmaster

I am just explaining the art of the possible, not the fate of the probable. Even the Empire State building was completed in 2 years.