Member Info for Danger_Man

I was tempted to ask while taking photos back on the 7th June (see my previous post) - the entrance to the yard was not that far from where I took the photos in Belfast. Nice to see a bit of work being undertaken in a UK shipyard even if it is short lived.

Midas touch right there. Now broken above 70 pence.

Classic Ovets. They must been busy already - not a barnacle in site.

Having been a RKH shareholder since 2009 and just so happen to be in Belfast what else could I do but go and have a quick look at Aoka Mizu! Not the best, but I managed to get close enough in the docks to get a couple of images. Looking a little bit sea worn, but hopefully soon to be readied for her next adventure. I did chuckle that here is a real piece of the action after all this time - and hopefully we'll still be in the game when oil begins to flow. All the very best everyone and here's a couple of photos of our girl:

https://www.flickr.com/photos/148073491@N02/55319850471/in/dateposted-public/

https://www.flickr.com/photos/148073491@N02/55320068554/in/dateposted-public/

Aoka Mizu will be sailing past the end of my road on Saturday. After 17 years in RKH I get to see a small, but real part of the action. Good luck everyone.

I found this from a Sky News article most interesting.

"Buried in a 'Pentagon email', Reuters has today reported, there is an option suggesting American support for European imperial possessions is reviewed at some point in the future.

The Falklands is only one of several territories mentioned. There is no suggestion at this stage of any concrete action.

The suspicion is Pentagon paper pushers are drawing up ideas to salve the president's misplaced fury over NATO not doing more over Iran."

Full article here - https://news.sky.com/story/pentagons-falklands-email-touches-a-nerve-in-britain-and-makes-charless-us-visit-even-more-challenging-13535861

"satisfy my OCD and top my shareholding up to a more rounded number!"

Glad it's not just me that does that!

"That’s classic “sell the good year before the downgrade” behaviour. - This RNS is operationally solid but equity-uninspiring."

ChatGPT seems to act a like a good friend - in that it tells you what you want to here. This is what I got with the prompt "What do you make of this FY2025 trading statement:" followed by a cut and paste from the RNS.

This is a credible “we’re back on track” statement.

Not flashy.

Not hypey.

But:

Costs down

Production solid

Debt falling

Gas strategy working

Growth options preserved

For a small-cap E&P, this is exactly what long-term holders want to see.

Moreover, and just like 'magic' all the naysayers from late last week have evaporated. Obviously it is part and parcel of a board like this, but I just find their behaviour rather low rent.

If it was bad news I'd sell the lot, not just a fraction of my holding. Alison's sale is irrelevant.

I have a sneaky suspicion aiminvestor is back. It's exactly the same method and style of posting. My impression is the constant uber negative posting is designed to spook people and supress the price while they are buying. No one puts in such constant effort for altruistic reasons. It's very low rent, but no comment (including this one) will shame or stop them.

Indeed SpaceHoppa and by which time it'll be too late. Fraction of her holding and could be been done for any number of reasons.

Yep, same sentiment so I'm in for a few more.

I'm with Daikihaku1. It's all or nothing and this could really be one big all. I've been in RKH since pre-strike days and decided a long time ago I'm in this until it's flat on its face (which looked likely for quite some time) or in the stars. I really would be disappointed if RKH was taken over before first oil.

Does this mean you're out of JSE Nigel?

This is the key bit of the article for me.

Asked how Mr Lammy viewed the Falklands development, a Foreign Office spokesman said it would offer no financial support for such a scheme.

"The natural resources of all UK Overseas Territories belong to the individual territories. Exploration of natural resources on the Falklands is a matter for the Falkland Islands."

@covgas. The MO is one of stating the current share price and then stating weakness whether that be real or perceived. There must be money to be made by doing this as no one puts in such exerted effort for any other reason. It can play both ways of course.

Personally I console myself with the fact that Navitas have a good track record and appear to have their proverbial foot flat to the floor.

With the little rise last week we had a good few posts of interest so there are quite a number of folk waiting quietly and patiently in the wings with a degree of confidence that we're moving in the right direction.

Good to know. The obstacles are being dispatched one, by one.

This is purely about the impact and not any kind of political piece. It's been clearly stated by Labour that, should they come to power, they will not be issuing any new oil and gas licenses for the North Sea. Although lacking in logic to my mind (the UK still requires energy security and the tax revenue) I was wondering if anyone had any idea if this policy would extend to overseas projects such as Sealion? It's been long said that FI are allowed to make their own decision round the development of O&G (underlining they are self determining), however, from what I understand this all needs signing off on the UK side too. Surely Navitas must have this covered although we all know what they say about assumptions.

I believe MD has what is known as Schrodinger's shares.

Mogger rarely posts and normally only something of note. Perhaps worth thinking about?