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"...there are no guarantees, but if we can keep this momentum up, then the next 18 months will be very exciting indeed."
Is it finally our time in the sun?
It sounds like we're actually coming from similar viewpoints. All I've tried to stress is these things are not an exact science and normally take longer than anyone expects. I would say your choice of comparison share-wise is stretching it a little. This is an AIM listed tiddler with nothing proven, yet, and we are down 80% plus.
I have already watched the RP interview from April a few times. As you quote, "it's probably two or three months to get that [heritage survey]". I've not got concrete evidence, but past experience of this share, and observing other mining companies (Alien Metals being the example noted a few posts ago) then, in the same way RP used the word probably I didn't think it unreasonable to say it probably will be a lot longer. I also note you've been bullish on this all the way down from when the share price was in the mid-teens. Now, there might be news flow that picks this share up in the near term, but evidence says we are a little way off. As I also said, this is proper roulette stuff.
Question being, what news? The last broadcast was going on about heritage surveys before any drilling. Minimum two/three months to get those boxes ticked and probably a lot longer. This is proper roulette stuff.
Might it just be that people are obtaining their warrants and then just cashing them in for a quick profit? A little profit is always welcome.
On a personal note, I've yet to receive mine although the money has been taken from my dealing account. I will probably bed and ISA them at some point soon.
Suppose I should add that this wasn't John Kay's recommendation, but does explains how such things happen.
I remember reading the it's generally better to be conventionally wrong than unconventional right. It's in a book by a chap called John Kay who has, on occasion, collaborated with Mervyn King (ex-BofE Governor.) Basically you do far less damage to your career, even if you're wrong, by sticking with the general consensus.
As it happens I exercised my warrants last week. Worst case is you sell immediately and make a profit. I have decided to hold on to mine.
Does appear that there is a shaky track record. Lol.
I was watching the most recent Proactive Investor video with RP. Basically they still need a heritage survey completed before drilling can resume on any targets on Red Setter. This survey will take something between 2-3 months (quoted at the beginning of April) so that puts us into June/July. What sort of window to get drilling up-and-running before the temperature gets too high for such things?
My head says bail for at least a couple of months and see where the price is then.
Having looked through your (very sensible) posting history on WSBN, are you still looking an in or just observing? I'll admit to having very recently had a small top up at 2.3p (after thinking this had stablized). One will never learn. Lol.
Would 1 pence be your buy in price?
How curious Mogger. That site has supposedly been about for a year. Google has it as first indexed in May 2022.
@boboil, even if I could find it, which I cannot because it was on the old forum, it was under the Garbled alias. I do clearly remember it though. It was after the flow test results. Prices were in the range of 400-500 with a peak price of 549.
All I am saying is be careful folks - especially those new to AIM/RKH. The historical price of this share (and many other AIM shares) will tell you that these are very much a rollercoaster. The very basic rules I have learnt are take profit and preserve capital.
I remember clearly Market Dealer when you said 600-700 pence a share. Actually, you've probably covered every possible price over the last 10+ years.
It was gcark that literally moved the share price, or was that prices, because DES was still about. @pauldrayton Very interested to here how/what he knew all these years later. There was also a spoof gclark whose username was the same save for something like one letter being uppercase which caused a bit of confusion.
BHLCF was obviously an experienced trader and could have saved a lot of the wet behind the ears serious cash. He wasn't necessary one for going about it softly, softly though. Thankfully I was out of DES on the oil to water number, but remember exactly where I was (Surbiton railway station) when the news officially broke (and not Danny Fortson's piece in the Sunday Times.) There is still a similar poster to BHLCF floating about who pops up very occasionally. Not sure it actually is him though.
There was a cohort of board members that started playing silly games with less than experienced people on the board - mystic meg, blue bottles etc. Garbled aka Market Dealer must be the only remaining one of that end of things. Sorry MD, but I've read enough of your random chat to know I'm just as likely to get sage advise from nextdoor's cat.
I still have a screen shot of the flash crash. Did anyone actually find out what happened there?
By the time Premier Oil came onboard it was game over. I didn't half enjoy those days, although it was my first proper foray into share dealing so I made and lost a small fortune in the process. Cay sera sera as they say.
Is it just a coincidence that Argentina have pulled out of the 2016 Foradori-Duncan pact in the last day or so?
Not sure if this has been posted here before - it's the sort of thing Mogger would spot - however, very relevant and explains some of the delays with regard to the arbitration result. It would suggest that RKH have won some kind of award, but Italy's defense and the European Courts of Justice have muddied the water.
https://www.lexology.com/library/detail.aspx?g=c5c82373-1362-4c15-bc97-b7367d4de26c
Why would Habour show their hand before the outcome of the OM award? According to RKH we should know about OM in July. Very little for Habour to lose by waiting for this news. RKH still aren't in the driving seat with an OM award, it just buys them time. RKH without an award would mean Habour could offer very little and still RKH would take it. RKH's time is limited by cash burn and license dates. The downside for Habour is its need to buoy up production rates. Can Habour afford to keep this 'oven ready' project on the long arm?
It is not only the actual monetary value of any OM award (in terms of pence per share), but also the fact that Rockhopper's balance sheet will have been shored up. There should be value in RKH being on a sounder footing when it comes to negotiations concerning Sea Lion.
I think we are all frustrated, but suspect there will be news either way in the relatively near future. I might have to plot your posting history against share price action. I think I might well be onto something here ...