Member Info for CitizenTS

I'd suggest Arrgentina is stuck for the while with ineffectual dissaray politcally and UK politics are visibly more positive das demonstrated by Rosebank approval.

Deary me godawful, if there's one person on here who should be ashamed matey it's you

Hey godders, can i call you too?

DM, good question that can be answered in different ways. Will give a reasonably full version. What's missing is to remember you're exclusively talking about existing shareholders. Those same peeps would have to think the share price is going to underperform to sell. And thats notntheir view then may as well get the interest in the meantime as well. For IIs, and many others, it boils down to an option type calc. For example they expect rkh to outperform so will keep the shares when they exercise, but accept the risk of an accident in the meantime. Not exercising till the last possible day avoids that risk; captures the option value.

It's all, including the interest element, wrapped up in the option value embedded in warrants. No point in throwing that away. You just get back to IIs, and many other tax neutral holders, not conventionally exercising warrants till last possible day.

As a PI I exercised mine earlier in the year fpr CGT reasons and to move the shares into an ISA.

At risk of being reported teacher/headmaster by Latics for disagreeing with the blighter, along with many others on here, here's to set the record straight on warrants.

Said it before but institional investors would conventionally only ever exercise warrants on last possible day. Why lose lose interest and risk something going wrong.in the meantime for absolutely no upside? End of.

It's even more important than ever for IIs to act rationally on this with elevated interest rates of course. An II would only exercise early if they had formed an active view that the share price was going to fall. More than intriguing that none have visibly done so! And if you're going to keep the shares anyway its a particularly obvious rationale to simply get all the interest on your cash before you exercise.

So now even Latics knows how it works.

Any restatement if '24 FID is a new date closer-to-the-time piece of new news. Obviously exciting to get that restatement end Sept '23!!

Latics ".. done nothing to convince Mr Market"

yeh - just like Amazon when the share price was $6

Until Dec 31st will be/have been drip drip of sellers from exercising options. Institutions with their big client settlement arrangements only exercise on the last possible day to maximise the embedded option value in the (unlisted) warrants. In principle they would only exercise early if they had formed an active view that the share price was going to go down, and it's more than interesting that they haven't done that!

Looking forward to the post warrants picture.

Yeh but as Mogger has suggested Latics and Glen are closely linked. Glen was an eco crusader seeking to undermine the company whose interest in rkh was/is deeply antagonistic to that of shareholders as a body. So we know what to expect from them.

Yeh but as Mogger has suggested Latics and Glen are closely linked. Glen was an eco crusader seeking to undermine the company whose I Teresa in rkh was!is deeply antagonistic to shareholder as a body. So we know what to expect from them.

Sounds like same people trying to do the same to this biard

Peeps here should know Mogger is only reminding folk what happened. Some posters were, most likely still are, trying to deceive shareholders into joining a scheme to dismantle their own company by removing the board.

Several characters appeared to hit the berserk button on here on one occasion when eco and social advantages of FI oil over many existing oil sources was made clear. Then turned out their on-hand lawyer was an eco-crusader law professor at Brunel university. Glen was the guy. Pivotal relationships Mogger has unearthed with Latics etx Just FYI, so you know.

Re Latics "found him [Sam] to be evasive". Must be kidding! Latics tells us nothing to remotely make any sense of his single issue crusade. Seems to me it is of course Latics that's being evasive, hugely so.

Here we are, godawful godders treats the board as a therapy session, latics is forever on a single issue slash and burn crusade against our MD. These guys are carrying so much baggage that they're totally defeated by their past.

Latics, for someone who shrieks "abuse" when peeps on here disagree with you that post was pretty insulting.

See the usual data-free zone stuff there from Latics again, and again and ...

Great pist DEM. Would say that the pointlessness of alerting RoI to any next moves - at the moment they can only guess where or when actions will be, or have been, set in motion, is not the only thing. It would be equally detrimental to alert certain eco folk with a kind of despotic instinct that leads them to try to subvert justice systems at the political level, to make them an instrument of political coercion.

Just an opinion!

We're all of course looking to get paid for the expenditure and enterprise of previous years that's wrapped up on rkh's current positioning.

Re Latics "Sam seems happy to wait … he’s got his shares stashed away" same here, all agreed there then!

But latics, you've said previously that you ARE betting on the share price doing well, that as a decent shareholder you'd like nothing better than for it all to work!