Member Info for EG777

To each their own. 3000%+ return is definitely an ambitious target to say the least.

I think if anyone has a minimum target of £2 a share for a potential takeover, then you may as well just say you're going to vote against any potential takeover.

Would love to be wrong. But there's nothing to indicate any one is interested in buying RKH at the moment. Let alone at nearly 20x the market value.

Garbled - it was a light hearted joke, based on a fictional (obviously sarcastic) board room conversation - lighten up pal!

Although over the years I think you have posted just about every possible share price, at various time-frames which have all been and gone. So if I really had the time to trawl through your 1000's of posts I'm sure I could.

Living in cloud cuckoo land would be assuming that a potential buyer of Rockhopper would be monitoring an internet forum of mainly small PI's and basing any kind of decision off of that.

I can hear the conversation in the multi £bilion private equity firms boardroom now.

"OK so we've just finalised the paper work of our offer to buy the company for £300m. Let's just give them a call and... wait a minute, Garbled just posted the share is heading for £2 by next year. Call the banks we need to raise some more funds!!"

Seems to be a case of sell the news I'd say which is often the case with RKH from my experience.

Quite often when there is impending news, the share price steadily rises in the days/weeks before it (as we saw here). My view is this is probably from people taking a punt on the share in the hope they can make a quick buck when the next RNS is released.

When the actual news gets released, the price usually drops a bit or holds steady. (Unless it's hugely significant news, e.g the big Arbitration win). It's happened a few times in the past few months/years where we've seen a fairly positive RNS, such as Navitas agreeing to the deal, only to see the SP fall or stagnate afterwards.

Appreciate these videos. But think there has been a few misunderstandings in the past couple.

I'm not sure you are understanding the below correctly:

"A final hearing in relation to Italy's request to annul the Award is scheduled to take place in Q1 2024. Guidance given by Rockhopper in the Company's 31 October 2022 announcement that the entire annulment process is likely to take 18-24 months from that date remains in place."

This doesn't mean the matter will conclude in 2026. Although it is slightly confusing, I believe what the paragraph is stating is that guidance given by RKH on 31st October 2022 that the entire annulment proceedings were likely to take 18-24 from that date (i.e 31/10/22). Not 18-24 months from the final hearing date in Q1 2024.

I would say regardless of any previous disappointment, and aside from any surprises (which I definitely wouldn't rule out).
The future of this share price could easily tank or fly. If we get a good OM result, or a confirmed deal - it's going to shoot up. If we get bad news from OM, the deal falls through, or a fund raise, the SP is going to fall. A combination of a few of those things could wipe the company out IMHO.
It's up to each individual to decide the likelihood of the various scenarios happening.
It's a punt, and no sane investor would have more than 1% of their portfolio in this share. (Yet here I am with ~50% of my holdings in here and considering topping up)

Falky,

I didn't claim that you had made any of those statements. But I don't even have to look further than this thread to see a bold claim with no evidence, or facts to support it.

"RKH is on a verge of issuing life changing news"

All I'm saying is a lot of posters post "this is dog sh**e, insolvent blah blah blah" others post "100p on production!!".

Other posters give balanced views, quoting sources or their own expert knowledge in the field. I would personally prefer to read those posts rather than the endless mudslinging, name calling, and unsubstantiated price/insolvent predictions which nobody could possibly know without a crystal ball. But that being said, everyone is entitled to post their opinions, which is all I am doing here.

I say this as a shareholder and someone who genuinely wants, and thinks, that the share price will rise.

But whilst you are correct in saying that the forum now has a lot of people needlessly posting doom & gloom, I'd also say that you are on the polar opposite end of the spectrum constantly ramping the share, and making bold claims with very little evidence to support them.

I don't mean any offence to you, but I think a lot of posters/readers would prefer it if there could be sensible, mature posts with balanced views based on real evidence or expert opinion. Regardless if posters are bullish or bearish on the SP.

To be honest if anyone actually makes any trades (buy or sell) based solely on the information provided by people calling each other names on an internet forum, they probably shouldn't have a share dealing account.

Managed to top up under 10p this morning (although admittedly it was 9.99p hehe).

I had a bit left over in the ISA and fancied topping up - so told myself if I had an opportunity under 10p again I would, if not I wouldn't. Seemed like it was meant to be - hopefully that will be the last time the SP is under 10p. Although I do have a feeling that if there isn't RNS or news the SP will start to slowly trickle down until there is. Which seems to be the ongoing pattern with RKH.

Falkland Islands Oil companies were my first ever investment with RKH being my 2nd. I have actually been very fortunate with RKH unlike most (although I can't say the same about most of my other speculative investments!)

My original investments 10+ years ago were for modest sums. Originally bought £2k worth of DES only to sell after the share price tumbled 50%. I reinvested the £1k into RKH at around the 40p-50p mark. Topped up a bit when the price hit ~150p. Then saw the price fly to £5+ and like a lot of people missed the chance to sell. Thankfully I did get out and sold my entire holding when it dropped to 180.

I completely forgot about the share for 10+ years until coming across a chance broker recommendation of speculative buy. After doing a bit of reading on the OM case I thought it was worth a punt. Since then it seems to have developed nicely and have topped up whenever I've had chance.

Current holdings are:

16,332 @ 9p
73,570 @ 6.78p
145,303 @ 6.87p
141,423 @ 6.43p
76,699 @ 6.50p

Thanks both for your reply. Very helpful.

Hopefully for my (and all other shareholders) sake it’s nothing to read into!

Cheers

Hi all,

First post. But have been a long-term lurker of these boards. And a long-term in and outer of this share.

Have a quick and probably naive question for any of the knowledgeable posters.

I see a lot of mention on the board about MacDonalds Options being left on the table when he left the company. Is this a confirmed fact or speculation? If confirmed, where can this information be found?

Cheers