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It was pretty obvious to all that Italy would travel down this route. No surprise here. Italy hasn't much to lose by trying it on. That's excatly one of the reasons the award comes with compound interest.
As the pound declines our Euro denominated quantum increases by the day !
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Depends on what currency we need to fund Sealion.
pauldrayton, excellent result for RKH but I think they will probably have to "sell" the award. Going down the court route to asset seizure will be to time consuming. IMO
Are ICSID going to bottle award?
NO. Rule of Law alive and well in some quarters.
Need to collect the award now which could take a few years which probably explains the share price today. AIMO
Did Gerhard Schroder and Germany lead Europe down a blind alley relying too much on Russia for cheap gas with the agreemnent for the Nord stream pipeline. (gerhard schroder now having a board seat on Russian oil/gas companies)
Italy energy policy was probably part of the cheap gas from Russia policy. (Nord stream)
RKH should not have to pay for a failed European energy policy led by Germany. IMO
ICSID appear to be dragging this claim and award out. My biggest fear is they are going to bottle this claim against Italy due to subsequent claims waiting in the wings.
DeusExMachina, yes misread Croft post. Too early in the morning.
ICSID running scared IMO
Very disappointed in ICSID leaving the result of arbitration until 2 minutes to midnight. An extension is now disappointing and enevitable.
CitizenTS, agree with you 100%. I'm actually surprised RKH shareholders haven't sued the Italian state. Many investors lost their shirt because of Italian actions.
CitizenTS, agree with you 100%. I'm actually surprised RKH shareholders haven't sued the Italian state. Many investors lost their shirt because of Italian actions.
DeusExMachina, I would agree any award will be a complex calculation. The failure of the Italain state to honour the production of oil from OM has resulted in a well funded oil company on the verge of going bankrupt. RKH could have sold a producing OM field and we could now be on the verge of a producing Sealion field. As I say a rather complex calcualtion but I will be disappointed with anything less than $100m
Financial risk
The Group is reliant on a small number of significant customers, partners and grant funding bodies. Termination of these agreements or grant polices could have a material adverse effect on the Group's results or operations or financial condition. The Group expects to incur further operating losses as progress on development programmes continue.
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I thought we were told we had a growing number of customers no?
Judging by the steady buying others see real value too
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Really? Are you serious? Real value?
Octopus Investments Limited. Yet another investment company offloads? Another one bites the dust? No
Boris Johnson should have moved on this long ago to help out UK energy security. Good riddance to him. Hopefully the new PM will see the benefits.
Technical bounce.No ?
Company been able to supply porotypes from their Southampton pilot line for years? No ? Still no firm orders since there have been no RNS's? No?
Can't see any meaningful revenue for years and years.
Just listened to the presentation and im my opinion Graeme Purdy totally dodged the question regarding the length of time to FDA approvals.
rossannan, investors will use their warrants with their own playbook. Exercising them when the share price is barely above 9p seems foolish. Surely wait until a clearer picture emerges of progress.
Headquarters might be in Washington but judges live in Europe I would bet.