Member Info for Danger_Man

@CitizenTS I always wonder the benefits of constant ramping / deramping on boards such as these. Pump and dump is certainly achievable on AIM, but constant the drone of positive/negative posts with little price movement are the ones that intrigue me. They must have some effect or people wouldn't be so persistent. I would love to have access to the lse board's server logs.

@Decidedlyaverage. Was the AGM you mention one of Rockhoppers or a different company? I've not looked into it in any detail, but buying shares in the company you work for if you think it's going to do well isn't far out there! Blackout periods would be an obvious precluding factor.

@HappyInvestor100. From yeast-is-rising's post (1 Jul 2023 00:57) in his general AGM summary:

"The next question was about Chanan Wolf and in what effect he was involved in maintaining relations with the UK government, since this was mentioned by Navitas. Sam said this was a matter for Navitas, said there was some lobbying going on but this was quite difficult. Wolf oversees the project, is involved, came to the Falkland Islands and loves the project. FIG can make their own decisions but at some point the jigsaw puzzle has to be put together and Whitehall has to sign off. FIG is good at that and it would be very, very difficult for the UK government not to do so, because it would be direct rule and would go against the right of self determination of the FI, which is the main argument in the UN against the Argentinian claim on the islands."

Moreover, Navitas would not be so involved if they thought they would trip over on this one. My main concern is round the raising of funds.

@CJ1986, It is clear that the board will continue with handsome salaries if judged by previous history. Having known people on similar money and some on far more, it becomes just the norm and easy to justify to themselves. I'm not suggesting it is the right thing, but just how these things roll.

As to dilution, there isn't a great deal required to keep the show on the road as I've already demonstrated in a very recent post. The board have shown to be conservative on this front and they would still need to sell the new issue so it would be imprudent to push too many new shares into the market. It sends out the wrong signal and they probably won't sell.

The only thing that can be done re. our rambling poster Market-Dealer (and their many other pseudo names) is ignore them. Agreed they spout nonsense, but after 15 plus years of this there's obviously nothing that's going to deter them. I would love to know what drives them. I'm guessing they must have a set up were they make money from relatively small movements because there's no other reason anyone would be that persistent and consistent.

Finally, where did this term 'SHARON' come from?

@Decidedleaverage I'm interested in this comment, "huge share dilution." There are approximately 588 million shares in circulation and Rockhopper has a market capitalization of approximately £74 million. Even at 7 pence a share another 70 million shares would raise approximately £5 million with a dilution of 12%. Not ideal, but not huge.

Just wondering what sort of numbers you have in mind?

There's the heritage survey that needs to be completed first. Supposedly two to three months as of late April according to RP. I suppose it could have been done, but not reported as of yet. Like AIM shares in general this will drift down until news.

@Yeast-is-Rising thanks for info. Well at least that's a few more percentage taken up

I also re-read your RKH AGM notes in those darker RKH moments when the share price 'wobbles',

The warrants are an interesting one. We don't have many institutional investors, well certainly not those about the 5% threshold. It was recently stated on this board that there are two and their holdings are less than 7%. Does anyone know how many shareholders took up the rights issue? The fly in the ointment could be that a large number of these retail investors can't be bothered with the hassle and/or don't know how to. As and example, I've already exercised mine, but my two kids have a number in a kids ISA. Exercising them there looks to be a right pain. My warrants were available through my trading account despite the RKH shares being held in my ISA. My kids don't have that option; they only hold ISA accounts.

This share is proper wild west AIM. That's not to say you cannot make money, but this is in no way an investment, just a punt based based on sentiment and interpretations of the what the next steps are likely to be. Trouble is now, given the perma-naughty behaviour, such as obvious pump and dumps, rouge tweets and general jam tomorrow statements/interviews, you're going to run out of the gullible, the green and gamblers who might just push the price up.

@1DAYMAYBE. There was an intra-day high of 4.5-ish so we are 33% off that. Not to say there won't be more action, but last week had all the signs of a pump and dump. Lots of small trades on thin volume plus many overly positive comments compared to the usual tumble weed.

Hmmm... Looks like the price is now back to its usual gentle trickle down unless we get real news. I was really strange that, for two days last week, we had multiples of the usual number of posters and lots of small trades coinciding with a price spike. Correlation or causation? I still out while this floats down.

It will be very interesting to see what the next day or two brings. I was all out, bought late Tuesday and all out again by Wednesday late lunch after watching the pull back. I know too well where AIM share spikes normally end and a (nice little) profit is a profit.

@Yeast-is-Rising many thanks for taking the time to write that AGM report. The most informative group of posts in a very long while. So many bits that I wasn't aware of. After over a decade of twists and turns may it just be that good things do come to those that wait? Onwards...

NigelHaemoglobin, thank you for the detailed response. Without wishing to sound like a stalking weirdo, your account is one of the very, very few I keep an eye. I noted a more positive tone with RKH and you are not one for mincing your words. I must admit I thought it was lights out a couple of years ago, but held, picked up the 7p rights issue and have exercised the warrants.

I think you plugged BP anything sub £3 in covid times. Unfortunately, I've been caught with Harbour instead. Such is. Will certain look more into your super major/majors theory.

Best,

Danger_Man.

@NigelHaemoglobin what's your take on RKH at present? You seem to be generally bullish now. Would genuinely value your views. With thanks in advance.

"...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.