Member Info for Danger_Man

That's the eye catching bit and the devil is always in the detail, "the award" stated twice. The other thing I saw was the fact they have (finally) moved back to Salisbury, "In addition, the Company announces that it is changing its registered office address to Warner House, 123 Castle Street, Salisbury, SP1 3UA, effective immediately." Perhaps London's fancy restaurants being closed down for a while had something to do with it. ;-)

PMO is shifting too. PMO's financing looking positive? A step in the right direction for both of us?

"Better things to do."

The irony wont be lost to those that read this board.

Anyway, the next step is out of Sam's hands. Here's hoping the legal team are worth their (no won, no) fee.

Good to have you back Trop. Have you sent your message to Sam yet?

@Ovets Many thanks for the extra information. It helped me spot the limitations of the appeal process after further reading. I presume Mr. Moody would not be at liberty to say when he believes a ruling will be made even should he know. In-between the Hob Nobs, he is bound to have been on the blower to both King & Spalding and Harbour.

Anyway Ovets, hopefully your analysis will prove correct.

I spent a good while going through some of the ICSID's case history:

https://icsid.worldbank.org/cases/case-database

Although not uncommon for cases launched at the same time to still be pending, I couldn't find any other case that had seen inaction for such a long period. The ICSID is working - this is plain to see if you look at other cases.

The other thing that caught my eye is, even if there is an award, it would appear that under certain conditions it can be appealed.

"I asked about OM timeline in or around March and received a prompt reply from SM. Arb results were expected as per last RNS but BoD have no control on timing."

Interesting. According to ICSID rule 46:

"The award (including any individual or dissenting opinion) shall be drawn up and signed within 120 days after closure of the proceeding. The Tribunal may, however, extend this period by a further 60 days if it would otherwise be unable to draw up the award."

The last information provided here:

https://icsid.worldbank.org/cases/case-database/case-detail?CaseNo=ARB/17/14

Says post-hearing briefs were held on the 30 October 19. One hundred and twenty days took us to the end of February. Allow for the extension of sixty daysm then that would have been the end of April. Even with Covid, the ICSID has been up and running. How far off can it really be?

P.s. Godders - have you managed to send that email yet? Perhaps Trop would like to instead!

A nice way to spend some time while we wait ...

https://www.newyorker.com/magazine/2020/07/06/how-prosperity-transformed-the-falklands

Fear not, you get direct access to the boss these days. That or one of the other handful of employees. Would love to know how you get on ...

The current plague might have had something to do with it, and I very much doubt we can blame the board for that one. Anyway, back to the question about you emailing RKH. Any chance of you doing so?

At least a couple of people have got an answer and blatant lying about a company's position is never a sensible move for a board. So how about it? Details of how to contact the board have been posted on here recently. It might be this form:

https://rockhopperexploration.co.uk/contact-us/email/

Ask the straight question, "How close to OM arbitration results were we on the lead up to lock down?"

As to the board are solely interested int keeping this ship afloat to soak up their salary. Quite possibly, however, I would suggest they would also be interested in keeping this going for that very reason. It is not as if it is very taxing.

@Godders99 You would be better contacting RKH directly. How about asking them how close to an OM judgement were we before 'the plague' struck? It would be a *constructive* start.

@barnyards I seem to remember that you sold quite a number at about 10 pence at the beginning of June, but left a few in for the possibility of an OM payout. Is this still the case? Can I presume, that *if* OM payout does come to something that would be you fully out again?

Speak of the OM judgement. Given that this covid hoo-ha has been going on for x number of months there would presumably be some logic in the delay being no more than this period. Put simply, we were supposedly on the cusp of an announcement, so should still be on the cusp of an announcement.

It is somewhat reassuring that you have received a polite, and what looks to be honest response. There are quite a number of ifs, although nothing that we do not know about. If those ducks line up, we should see some kind of reasonable reward from this long, long journey.

It has the same feel as, when playing Monopoly, you're forced to mortgaging your remaining properties just to pay rent.

I have it on good authority that Fortnum & Mason have run clean out of their own brand of Hob Nobs.

Wouldn't you be better contacting them directly instead of asking here?

You would assume that cash preservation would be the order of the day, oh and days of yore. However, I am hazarding a guess that the board's logic being that if this works out, happy days they are quids in. This is fair enough; none of us are hear just to pass the time. However, the reverse being if it collapses in a heap they may as well milk it for what it is worth. It is the latter that sticks in the throat a bit. It would be nice just to admit that the eye watering salaries, and they are eye watering by anyone's standards, could do with a proper haircut given the circumstances.

Taxed at completely different rates.

@Godders99 - Okay, so the market value of 7p/share is a binary bet on a payout from Ombrina Mare?

There is no logic in your incessant posting other than:

1) You believe, rightly or wrongly, your never ending gloom with push the price down further to allow you to either accumulating shares at a lower average or just reap rewards of your short;
2) You have the square root of nothing to do.

There is absolutely no other reason I can think of for you posting constantly day in day out, noon 'til night.