Member Info for buzzthomas

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 ?

Hopefully investors finally coming to terms that Sealion sanction is a real possibilty.

I have no doubt in my mind that RKH will "sell the award" if they do not believe they can recoup the award in the near term.

Noble fund raise really shook HE1 IMO. HE1 could have stated how much cash reamined but obviously haven't which investors will obviously read as negative.

Did he1 state anywhere how much they paid for the rill rig?

One massive point everyone seems to be missing is that Premier Oil injected $231 million into RKH's bank account as part of the deal. RKH's only mistake was to venture into Italy and Egypt but one could argue Odey Asset management were to blame because they wanted a distribution of said cash. Now can we all put this pointless conversation to bed and focus on moving forward now please.

Another win for justice

https://www.bloomberg.com/news/articles/2023-08-11/exxon-awarded-77-million-for-venezuela-claim-worth-1-4-billion?leadSource=uverify%20wall