Member Info for BuildersBum3

Added some more very chunky positions this morning, price should be tracking upwards shortly.

I can't see Sealion not getting developed in the short term the way the world (and especially the uk) is right now. Even more so when you consider the narrow focus of rkh and navitas (not many other plates to spin), their respective funding and cash positions and a relatively receptive lending market.

Onwards and upwards.

BB3

By year
Rate on first day of the year
1/3/2022 -0.576 %
1/4/2021 -0.570 %
1/2/2020 -0.436 %
1/2/2019 -0.362 %
1/2/2018 -0.368 %
1/2/2017 -0.368 %
1/4/2016 -0.210 %

For a rough guide, and without a spread sheet, I'd average these which works out at something like 3.6% compounded over 7 years = 242m euro if award is paid at the end of Jan 2023

It's a rule of thumb and has lots of holes but it gets you to a start number that can be debated, 1 thing for sure is that the cash won't be reflected in the sp, just the sentiment for the stock (which is way better with the cash than without..lol)

Hope your not talking about me.. as I don't think I stated forever.

Was a best guess as to why we wouldn't see much of a rise as there would be a lot of OO and placing shares that would sell into any rise, with all knowing anything above 9p would make a profit market for the warrents that could add further headwind to the sp...

Without a sizable change to the fundamentals of the company this I believe holds true...

Today changed the fundamentals and thus a new range needs to be found... cash net asset value once the proceeds of the arbitration have been received would be 30p+

So I shall be holding until then at the least, sipp shares will be staying till production.

Upwards and onwards.. its full of stars.

P.s. I do miss exploration and Oil Brat.. thoes were the days.

GL all long term holders, what a result..190m ( thanks for your posts, rpoodle,des,and LTT. Much appreciated)

All seem to be "A" automatic/automated trades compared to "O" orders which generally speaking relate to computers automating a market and real orders being processed.

But i'm not very good with this stuff, so wouldn't take that as gospel.

Apologies.. didn't actually answer you, wrapped up in my own point.

7p share bought for, and then sold at 7p, claiming the 1/2 a warrent is supremely better than buying a share a 6.x and hoping it goes up to make a profit.

The placing was at a discount and priced at 7p with a 1/2 warrwnt (and they didn't need to hold a single share prior...) not at 6.x and on a notional amount of shares.

Your hypothetical ' is this or that better ' changes all elements of what was being discussed and misses my point entirely which was I didnt think the OO (or placing for that matter) was a failure as previously stated.

All will come good in time. (I'm hoping anyway).

BB3

Hi Market-D, I think you will find my numbers are pretty straight if you read the text explaining them... I was showing the workings for a binary bet on 100k which would be 10% of the investment of 1m if the shares bought at 7p were sold for an average of 6.3p... thus costing 100k to get the amount of Warren's I detailed... I could write the whole post again to explain, but its probably easier for you to re read it... apologies the reply is blunt, in a hurry.

Hi Dem.. it was a hypothetical post.. im guessing that anyone invited to the placing would have had to put up at least £1m in equity funding (wasn't suggesting that I would entertain doing that with my £1m... I might have had a crack with a bridging loan and sold the lot to pick up the warrents if I had been though - hence my post and comment).

FWIW, I think there will be a good OM award and brighter days ahead for RKH, just not so sure II's buy into that sort of thing on hope and speculation... thoes guys work for bonuses and that means making guaranteed profit not risking it when there isn't a need to. They will be buying in once the ink is dry on FID for sure (and will beat the crowd to it) anyway. (Will probably trade it up and down I between as well).

BB3

I don't think this OO is a failure if the current share price being lower than 7p is being used as the indicator.
I think the SP would be suppressed to a range around the 7p mark and possibly below for quite some time until placing shares have been distributed from II's hands to PI's hands and any price above 7p is going to be jumped upon by them due to the free swing that they will get with the warrants. I mean, who wouldn't want the chance to buy x quantity of shares at 7p to sell them for 7p and pick up a free option to make guaranteed profit (and possibly a lot of it) on 1/2 a warrant at 9p at some point in the next 18 months!.. so I was expecting any price above 7p to get sold into all day long.

There may well be a few II that have taken a stance of reduce risk and sell shares at a loss on the 7p (say 10% at 6.4p) as the perceived upside opportunity on 1/2 a warrant for each one is worth the 10% drop in cash to remove the risk of a larger loss whilst crystallising the upside opportunity that the warrant gives that the shares in the open market don't.

I'd take a binary bet of £100k (buying 14,285,714 of 7p shares and selling at an average of 6.3p) on rockhopper to pick up 7,142,857 warrants which would grantee me a profit of £71,428 for every 1p over the break even cost of 10.4p at any time in the next 18 months.

I expect 6-7p until the next bit of good news hits... then probably a quick drop back as its sold into (with warrants and placing shares continuing to be offloaded)... depending on how good the next bit of news is I guess will depend on if it eventually drops back to 7p or heads for the stars!!!

Placing and OO, in my view, was very successful for the company, Institutions, board members and long term PI's.... not so for PI's looking for the exit.

BB3

RNS Number : 1629Q
Argos Resources Ltd
24 June 2022
Update on Licence PL001, Funding and Publication of Results
Licence PL001
XXXXX info can be found on rns XXXX

Update on Funding Position
XXXXX info can be found on rns XXXX

Publication of Results

Alongside the provision of the Loan Facility, the Company has been in discussions with its auditors to ascertain the basis on which its annual audited accounts for the year ended 31 December 2021 ("FY21 Accounts") should be prepared. It is now expected that the FY21 Accounts will be prepared on a going concern basis as, in the opinion of the directors, there is a reasonable expectation that the Group and the Company will continue in operational existence for the foreseeable future.

Under Rule 19 of the AIM Rules for Companies, an AIM company must publish annual audited accounts which must be sent to its shareholders without delay and in any event not later than six months after the end of the financial year to which they relate.

As a result of the Company's extended discussions regarding its funding position, and the associated impact on the timing for the FY21 Accounts, the Company will not be in a position to publish its 2021 Financial Statements by the deadline of 30 June 2022. Consequently, the Company's shares will be temporarily suspended from trading on AIM as of 7.30 a.m. on 1 July 2022, pending publication of the FY21 Accounts. The Directors are endeavouring to complete the procedures required for audit completion and will publish the FY21 Accounts as soon as possible.

Notwithstanding the temporary suspension of trading in the Company's shares, the Company will continue to make announcements as and when there are any developments that require to be notified under the AIM Rules for Companies.

Hi rpoodle. The 800k buy was possibly my spread bet position rolling from one account to a ringfenced account for reasons of changes in legislation with regards to margin cover and a different requirement for retail clients... All my open positions as of 1st Aug were moved to a seperate account whilst remaining open as the rule was for new open positions..... I'm sure there were a lot of leveraged positions in rkh that were either closed or transferred on and around d the 31st/1st.... could be wrong, but I would account for a large chunk of that 800k it it were because of it. P.s. shame about iii, the chat was much easier to navigate quickly.... however good to find you here now. BuildersBum3