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Ovets, I think you will find that has happened in some form or another to a lot of holders on here , maybe not quite from the £5 mark but painful enough all the same. Many posters were calling it a good buy all the way down , I know I've held this share long enough!! And in fairness it always has seemed a good buy on paper as least... Without question the potential is there but in reality nothing has happened, except a huge waste of shareholder funds so far.....
It makes not one jot of difference to the SP what anyone on here says, please don't tell me anything else or you really are going to embarrass yourself. I am a believer in this share or I wouldn't be here, but even I am getting bored silly with the 12p SP, it doesn't mean I should move on though or that DL should either.
I only look on here for the odd nugget of useful information, but 99 % of content is irrelevant.
The problem is NNick, management are not really promoting this new (as in Navitas) exciting story of Falkland oil are they, so apart from us on here and others who may stumble on this share by active research or accident its probably not a story that is well known. Now maybe that is by design because of the negative press comments on oil production and stop oil folk.
Its fine not to do any promotion if they don't ever need/intend to raise any more cash from the market but if they do then this unjustly low price just hurts with the inevitable dilution that come with any new issuance.
The other thing about no promotion is that shareholders are not reassured that things are happening behind the scenes so may sell up just adding to downside pressure. Just saying.
The value will out on any really positive steps forward and obviously massively if production can be achieved.
"well lats time i checked pmo paid rkgh 400m for 60% of sl and that dwindled to the point of requiring an equity raise. if it didnt go on feed im not sure where it did go."
lol....love it, you are of course correct that is the essence of what has happened here .......****ed up the wall
Gold at $2000 on the Dec contract. Silver exploding higher again. Not sure we have any silver though. :-(
Come on PAF
Only one week till the Argentine elections but that is only the first round if there is no clear winner then I'm afraid it is more waiting. Then when you think you have waited long enough sit back down and wait some more as I am sure something else will pop along to delay us.!!
To win in the first round, a candidate has to obtain more than 45% of votes or more than 40% with a more than 10-point lead over the second-place candidate. If no candidate reaches this threshold, the top two will continue to a runoff on Sunday, Nov. 19
I just got tempted again and bought another 8000@13.75, just a little top up as I am 2 balls deep also, as Neilius so succinctly put it.
LLT, no I understood exactly what you meant, the underwater pipes to the Christmas tree and underwater equipment may well have to be heated. I just meant no pipeline for the transportation to market.
Cheers
Definitely no pipe line, it will be transported by supertankers.
Yes I also think it needs to be heated or an additive added I forget now which option is going to be used, but I am certain that Navitas has not over-looked this issue!
Any more clues as to what might drop regarding RHK and will it help with the SP here?
Nigel, that is precisely the reason that I got back involved with this share when Navitas came on board, because they won't give 2 hoots about what Argentina has so say about it, after their involvement in harboring Nazis after WW2
Perhaps I should have added does anyone on here think its a risk. perhaps we should have a vote! shame LSE doesn't have a facility for posing a question and people can vote simply on the issue.
I was surprised that Political issues where not listed as a concern at all in their list of principal risks. They clearly put no weight behind this issue whatsoever, interesting as I put it right at the top of my concerns about this project!!!!
Principal risk and uncertainties
A detailed review of the potential risks and uncertainties which could impact the Group are outlined in the Strategic Report of the Group's annual consolidated financial statements. The Group identified its key risks at the end of 2022 as being:
· oil price volatility;
· access to capital;
· joint venture partner alignment; and
· failure of joint venture partners to secure the requisite funding to allow a Sea Lion Final Investment Decision.
LLT, I'll save my thanks to Sam & co when the money is in the bank.
From the Telegraph... I hope Milei wins the election as he seems to have a good view on the Falklands future , that might just help everyone out and share in peace, the resources of the Falklands. That would make sense for all..
Falkland Islanders' rights 'will be respected if Javier Milei wins Argentina elections'
Top adviser to the presidential candidate tells The Telegraph that the Islanders should have a say in their own destiny.
The frontrunner in the Argentina elections wants the rights of Falkland Islanders to be respected in discussions over future sovereignty.
A senior economic adviser to Javier Milei suggested to The Telegraph that the islanders should have a say in their own destiny, a policy shared with the UK.
The current ruling party wants to negotiate with Britain over sovereignty for what it calls the Malvinas Islands. Islanders voted to remain a British territory in a 2013 referendum, 30 years after the war.
Diana Mondino, senior economic advisor to Javier Milei, told The Telegraph that Argentina must aim to become a “normal country” and reduce its level of inflation if it wants the Falklands to seek a closer relationship with the mainland.
Known for his colourful persona and eccentric hairstyle, the hard-right Libertarian candidate Milei has welcomed comparisons with Donald Trump and embraced socially conservative policies as part of his campaign.
He has suggested in the past that Argentina should adopt an approach of Hong Kong-style diplomacy over the Falkland Islands, with a gradual transfer of sovereignty from Britain.
He triumphed in the country’s primary elections in August, securing a surprise 30.5 per cent of the vote for his Liberty Advances party against 28 per cent for Patricia Bullrich, the main conservative opposition bloc candidate, while Sergio Massa of the ruling Peronist coalition gained 27 per cent of votes.
Commentators have suggested the results reflect deep dissatisfaction with the country’s high level of annual inflation, currently above 116 per cent.
Argentina needs to ‘become a normal country’
Ms Mondino told The Telegraph: “Islanders’ rights will be respected, should be respected, cannot be disrespected. The concept that one can impose on people what can be done or what should be done, it’s so feudal and naive.
“If people eventually want to do certain things, it will be done. Right now, we’re in the worst of worlds, because neither Great Britain nor Argentina can make a reasonable use of the resources down there.”
She added that Argentina needed to “become a normal country” to persuade Islanders to seek closer ties.
“How would anyone not born and bred in Argentina understand inflation?” she said. “Why would anyone want to become a part of a society – we need to become a normal country, and we’re an empty country.
“We could double our population, we have the resources, we have the weather, we have all the things you study at prim
Par for the course then, time has no meaning with all things connected to RKH! Lol
LaticsRule "What surprises me is that lack of BoD activity"
Probably they don't want a lot of interest in this as its politically sensitive and it is still oil production after all. (we all know oil is needed but some still would prefer to go back a hundred years in lifestyle).
I am no fan of Curly but I can see why keeping schtum might be the best course of action until its delivered in one blow done and dusted, however it is still annoying, the silence!
No I don't think there are any batteries, they are considering getting them in the future along with wind turbines.
Happy, has touched on my biggest concern in this whole project and that is will the UK government sign off on this, when push come to shove. I have no doubt that Navitas are pushing ahead with this as fast as their own business model will allow.
I am just hoping that Navitas have had some very serious and detailed discussions with the UK government about whether it is likely to be signed off.... It must be a very big concern to them also, so I am kind of assuming they have done this and the answer is it will be.....otherwise why go to all this effort and expense.
But as we know all to well, things change and maybe a future government may not sign off ... its my biggest concern to be honest.
I will give an example of Government interference with Northern Dyanasty Minerals in Alaska where land was put aside for exploration and mining only to discover much much later(10-20years), and after billions has been poured into finding/appraising the world largest copper deposit -that it would not be allow by the EPA. Now its up before the supreme court to decide..........Sorry for the rant just another share I've been burn on after promising so much..
This is it, the last day to buy or sell your shares before they delist.
Yes it is a concern hence why I have only really bought a few and only under 1p.