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Hamm stop and tell me where you get the 200k payment to land owners from ???
Can you show me where it states 200k please ?
From MATD results RNS
The Company raised an additional $6.6 million funds in February 2023, which provides sufficient working capital to operate beyond mid 2024 as a going concern, as well as commencing appraisal and production operations at Heron oilfield in Block XX, and drilling a high-graded exploration prospect in Block V.
How much cash was used recently to pay off land owners recently anyone?
Should have said a fund raise will surely be needed soon if the green light is given. Can't ramp up production quickly without more cash , surely?
Nm.
Meant to say a tender offer is a very bad way to return cash to average shareholder to me. Lets see,,,,,,,,
Looks like a very bad idea to return cash to the average shareholder.
G.P said we should hear more about sales ramp up of Stereax with Cirtec at todays update. Nothing I can see in the RNS. Another RED FLAG for me
Mogger, I don't agree with being clever. They could have exercised them earlier and sold and locked in a ~ 25% profit. Subsquently they could have repurchased them if they so wished.
I said a while back that RKH should "sell" the award and the RNS today is very good news . Roll on January 2024. Expecting good things from here on in.
TheChessMaster, I see you have a new account opened.
I think it was pretty obvious the share price would close in on the warrant price as the expiry date of the warrants approached as there are still so many outstanding.
Personally I have been waiting for Jan 1st 2024 for an age.
The warrant scenario is quite intriguing. I think it is fair to say that if you flooded the market with the reamaing warrants oustanding you would supress the share price and probably down to 9p until warrants expire. I would therefore speculate that the majority of warrants will be taken up as late as possible and the remaining few million odd sold into market before expiry. Just my thoughts of course.
It was pretty obvious from day 1 there were going to be helium shows. I'm not encouraged with this RNS. but WTFDIK
Yes Citizen just to put things into perspective how commercial Sealion is. U.S needs to repurchase 200m barrels for the SPR . Do the maths 200m x $79.
Https://oilprice.com/Latest-Energy-News/World-News/The-US-Plans-To-Buy-6-Million-Barrels-Of-Oil-For-The-SPR-At-79.html
If Navitas/RKH have any problems gaining access to capital for Sealion maybe a solution would be selling the whole Sealion reserves to the US gov for funding the project.
More decent A trades going through again this morning. Good to see.
21.5c but still approx half the market cap of HE1, no?
Surely on purely trading stratergy Noble would be a better play short term based on valuation ?