Member Info for BB_hoppa

Yes, the IP video was excellent. Not just the info but also the competence of the management and even their body language - instrumental in understanding the co and who you're dealing with. I doubled my stake after the video to 7m shares now. Been constantly looking to top-up at a good price. Gutted now didn't take yesterday's 1.18p offer.

Superritch, in a way you answer yourself in the same post. I could have waited 10mins but I didn't know at that point, did I? That's the definition of price risk in share-dealing. NOBODY "knows".

You are disappointed with the SP "today". I am too. Just this Monday when the SP was 7% up with high volume, I was happy. And so on so forth. But I have a long-term view and have been a LTH and have a stake that is very significant in my eyes. That's full conviction. Do you have conviction for RKH? And more importantly what is your time horizon?

Unable to get sub-70p, so I just accepted 70.20p for a 100k top-up. With that I'm back at the 1m mark (having de-risked 200k at 85p couple of weeks ago, naughty!)

Divi, I'm interested to hear your reasoning for the "53p iceberg". Do you think all Placees will sell all of their allocations? Why?

Nick, I would be delighted to collect 10p divvies - what a retirement that would be, fingers crossed!!!

I tried twice today - couldn’t buy under 70p, where this is clearly supported. Decided to save my ammo to use in the event of a downward break from that level.

Good insight Paul, thanks. Though look at Harbour's panic-buying as an example right now. Indicative enough for me that there will be a broader dash for production capacity from here to 2030, especially if Trump comes on the other side of 2026 midterms with his majority intact.

Just tried a 100k buy, no sellers sub-70p. Was offered 50k at 70.47, which I passed.

Eyes on the buzzers for sub-70 if it happens.,

Will depend entirely on who's acquiring... And how much of a bidding war the RKH Board can generate...

Maret consensus for RKH right now is 100p/share, which is still not de-risked. If the bidder is BP for example, they'd likely use a mid-range DCF and come up with something like 150-175p. Someone like Harbour would be more conservative (since they'd likely have to raise debt and more expensively) and come in low at 110-120p. An for the high scenario: as a wild guess, American shale players whose basins are drying up may (have to) come to us much more generously at 180-220p.

Baffles me your point Slurm.. If one is not a LTH what on earth are they doing in a share with $26m MCap, low ££ daily turnover, and 10%+ BUY/SELL margin?

I just looked at RKH v Brent from September to date. Correlation is non-existent. It'll be interesting to monitor the same from here. I'm pretty sure correlation will be rather high from here on... which would be another confirmation of the league promotion we just secured!

Guys sorry but the over-scrutiny on who's selling is just clutter. You can't be investing based on what Peter and Paul did.

Do you understand the company? Do you believe in its prospects? Do you have a target (based on SP or dividends)? Do you have a timeline for what YOU will do with your holdings? Do you have an exit strategy?

Added 1.5m shares @1.13p - aggregate stake 7m now.

Will keep buying around this level.

@ralph2010 the extremely well-articulated post by @Daikihaku1 perfectly sums up why I topped up at 70p today. I will top up again if we see 60s.

Went for it when I saw 69.80p BID. Managed to get 100k shares at 70.36p!

As discussed on here before, there's also a strong case for larger players to have already offloaded most of their 53p shares in the 75-90p range. See 21 October's whale of a sell order for 20m shares, for example.

MSM is for all intents and purposed fully aligned with the government. They must have been told to keep stumpf about it. Nothing in the FT for example... they had reported the farm out with premier and then the Navitas arrival.. Why not now? My hunch is something political is happening around RKH. Inevitable given our geopolitical importance.

For me, the following:

- I can relax. And I have. No more looking at the SP every hour! Will now wait and see one of First Oil (hopefully) or the takeover terms.

- Admittedly I did keep my eyes fixed on the SP for the past 7 months. Two reasons:

1) Like most small investors my age this was a life-changing moment, likely to guarantee certain important things like my children's college funds and my retirement. The things we work all our lives towards...

2) The SP hit the 75p range as of 1 August and then pretty much sat there for 90 days. Eventually I said to myself hang on, maybe this is what we're worth atm (which I also voiced here) and Happy is right in that respect (also credited him yesterday). Simultaneously, I always thought it was extremely important the SP should see the day of FID announcement from a much higher starting point, which it has (85-86p). Credit MMs btw, very well executed that last sprint pre-FID from 75 to 85! But I was entirely wrong about the spike, which never came. Academic nevertheless as I wasn't selling.

- Now I suspect we'll hoover around the 75p mark until there are developments. Each of those developments (financial close, OO shares available, new contracts signed, political noise, etc) will move the SP but I suspect we'll stay anchored at this 75p range for some time.

- The moment I see the SP in the 60s I'm topping up. Better stick with a share I know very well than go explore new big adventures (at my age).

- "The takeover" I suspect will be the single biggest talking point from here on. I know in my gut we'll be taken out and I think it'll be a political tie-up, hence BP. I know they looked at us before.

- I will check the board less frequently, but I will. Good luck all. Never met you in person (gutted I didn't make the GM) but in my eyes this is a community I enjoy being part of.

Happy Christmas and happy holidays to you all!

Something funny went down that day... We will probably never know. But I know what I observed. We announced FID right before the polls (e-polls) opened. Such timing simply cannot be meaningless. The fact that the country's population is tiny doesn't mean there aren't politics or the politics are mild. We all know (esp in the case of UK/Argentina tensions over the island) there's much at stake, think of the tens of billions of dollars of revenue from a newly opened oil province. Suffice to look at Guyana as an example.

Why do I dig here? I do because now we're in the big leagues. And in the big leagues you simply don't operate as a small fish. If/when/whose takeover is contemplated, trust me, the big fish didn't just start thinking about it only post-FID.

Having said all that, for my part I'd much rather RKH be left alone and see first oil. Definitely bigger upside that way than a takeover which may or may not be great for the small shareholder!

Yeah those 2m would be me