Member Info for Auson

only reduced to 4.39% at end Aug down from 4.95% at end July.

I guess most are still holding for the results, as we have not yet been informed exactly when they will be.
Investor relations have told me we are currently in a closed period so I guess that means we are 30 days max away from announcement.

Bloobird,

Italy will simply go cap in hand to the ECB, the ECB rate is 0.5% it might be hiked 75 basis points to 1.25%. Besides Italy will probably do a Greece and not pay back the principle anyway !

MANJUKWAI,

That is a good point, Italy could have dragged their heels with a 60 day extension, I don't really see why they didn't do that.
As it looks like we are only priced at 25% of the award I wonder what if any discount might apply here is they did seek an annulment.

Nigoil, or Mossad ?

(Bloomberg) -- Israel’s nascent wealth fund has grown to more than $500 million over less than three months, rising by almost half after receiving additional proceeds from the country’s Tax Authority.
Halman said in an interview on Wednesday that he believed the fund could one day reach 1 trillion shekels ($300 billion) in size -- at least five times bigger than official estimates -- but only if the government takes a more active role in Israel’s natural gas sector.
Halman co-founded one of Israel’s first investment firms, Halman-Aldubi, back in 1995 and has since been involved in the oil and gas industry in both Israel and Cyprus.

Godders99,

I thought you bought £45 grand at 7p, tell me you sold those for above £100k ? and now you have 9p warrants also in the money.

TomKe22,

Agreed, but he is right this is undervalued/ over sold. Although he thought that at 300p plus
There is considerable uncertainty in the markets right now especially here, hence the doldrums shareprice wise.

Goldman have actually sold shares from 0.59% down to 0.007108% but increased their exposure and voting rights through derivatives ( swaps etc ) from 2.7% to 3.63%

They are most likely one of the creditors and will now get more say on what happens going forward.
I'm sorry if this is not what people want to hear but they are not buying stock here to make a profit.

DOW and NASDAQ futures both up, Google up 1.21% pre market Netflix up 1.39%

Looks like an algo is working over drive to keep this down. Lots of 2 share trades and 7 share trades, all not normal of course.

Orient,

Its only been a few days, I wouldn't say the SP has settled yet, although this morning it does look a bit like the bottom might be in.

NigeCo,

That pump and dump comment was comedy gold, we haven't even regained £2 yet where was the pump supposed to be exactly ?

HiramAbiff,

There is no way they can get the breakeven down to that level, especially with todays inflationary environment.
Phase one is going to be a reasonably high breakeven project, the good news is I don't think project economics is the number 1 reason Navitas are interested. I think it is about Israeli energy independence.

pauldrayton,

I think you are right, but what they are doing over at Harbour is selling down the 37% EIG group stake. So they are using the buy backs to bolster their selling price, its outrageous ! Announcing a big new expensive project would not have helped the shareprice short term and they only have 17.5% left to sell, which they will now be able to do at a better share price. Interestingly they were selling in the low 300s so they just seem to want out, at any price.
I guess once they are all out, they might get Cookie to partner back in with Navitas so they could buy their shares back half price !

DAVIDMCGIN,

Does it tell you how up to date the shareholder list is ?
Aedos Advisers 2nd largest share holder
'SRM Advisers, Europe’s largest 2006 hedge fund start-up, run by ex-UBS proprietary trader Jon Wood, has rebranded itself Aedos Advisers and the firm is bringing a new fund to market. Aedos is named after the Greek goddess of modesty and humility.

Wood, who is not involved in the risk management or the investment management of the Aedos fund, continues to run the SRM Global Fund.

According to a person familiar with the situation, portfolio managers Ian Barclay and John Myers will shortly begin marketing the Aedos Fund to investors. The fund, a special-situations strategy, began trading in February 2010 and the pair have been building a track record since then, the person said. Aedos declined to comment.

Wood never had a loss-making year in 16 years of trading at UBS and was reputedly the highest-paid prop trader at the Swiss bank, with earnings of £20m in 2005. He clashed with the UK government when it refused to reimburse him for losses relating to an investment in the collapsed Northern Rock.'

This one makes interesting reading ..

Masdar Solar & Wind Cooperatief U.A. v. Kingdom of Spain, ICSID Case No. ARB/14/1

Case type:
International Investment Agreement
Applicable arbitration rules:
ICSID Convention - Arbitration Rules
Investment treaty:
Energy Charter Treaty
Applicable legal instruments:
Economic sector:
Electricity, gas, steam and air conditioning supply
Outcome:
In favour of Investor
Amount of damages:
US $75,644,310
Other remedy:
Respondent shall pay interest on the sum awarded.

'For the reasons stated above, the Committee:
(i) Rejects Spain’s request for a continuation of the stay of enforcement of the Award
rendered on May 16, 2018 in the ICSID Case No. ARB/14/1.
(ii) Orders that the stay of enforcement of the Award currently in place be lifted'

Market-Dealer,

Obviously the listing is going to be of some value here. Now whether Navitas or another partner want to reverse take over RKH to gain the listing for free, or let RKH use its listing to capitalise whilst saddling us with debt from the pre-FID loan at 8% and the 2/3rds phase one development cost loan to be re-payed using 85% of RKH free-cash flow, is what we will have to wait and see.
One saving grace now we have won ISCID is a take over would now cost significantly north of $106 million plus $60 million tax to the FIG

hydraides,
There is no appeal process
Do some research.

I was a bit concerned about the due diligence ( or lack of ) but they were in the ECT until 1st Jan 2016 and now the ruling has been made and its final and binding.

can sell ok though,
looks like big demand in the background,
anyone got L2 ?

Theres going to be some volatility now for sure especially with those 9p warrants and 7p Open Offer shares but I notice there have not been any large ( what I would call large ) trades yet.

Some will de-risk but the big boys have not so far taken any interest in Rockhopper, if / when this happens with Brent over $100 today we are off to 40p plus INMHO