Member Info for Danger_Man

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 ...

'Godders' has rocked up. Someone has taken their short position. Lol.

I have no problem with reward for success, however, it is the excessive salaries and share options for the continued poor results that is the issue. Obviously the directors like the handsome remuneration. They also hold a considerable number of shares. Sam also started Rockhopper and I cannot see him wishing it to end in failure. These three points should still be driving this company forward to some degree. Ironically the deciding factors - the OM award and Harbour making a positive FID - are not in the directors' hands.

Absolutely Overts, and my comments were certainly not to pick a fight. Just I thought it interesting exactly what status being a share holder infers. And yes, I agree, as I aimed to highlight with the quote from the FT article.

With no intention of being a smart ar5e shareholders do not own the company (until recently I thought they did.) From John Kay (who I rather like).

Shareholders think they own the company — they are wrong:

https://www.ft.com/content/7bd1b20a-879b-11e5-90de-f44762bf9896

However, the following quote from that article highlights the problem with RKH's directors, "... the obligation of a company director is to promote the success of the company for the benefit of the members. The company comes first, the benefit to the members follows from its success."

Thank you for a nicer post Arfur_Uggins. I too see it as a partnership, and having lived in Northern Ireland, have clear understand where nationalistic division can take you. I have Scottish heritage and gave my son a Scottish name. I have no beef with Scots.

To me oil revenue is a soft target to support tax spend. My comments concerning Harbour would be sensible business practice looking forward given a known 'risk'.