The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Status of Proceeding: Concluded
Outcome of Proceeding: August 23, 2022 - The Tribunal renders its award; attached to the award is an individual opinion by arbitrator Pierre-Marie Dupuy.
Shares traded today, is that a record for us?
Wohoooooo!
Looks like we could be heading into extra time. Hope the rules don't get changed to then go to penalties!
Low volume so not too concerned. Would have been called a treeshake in the good old days!
Yes, they got 20 years.
https://english.almayadeen.net/news/politics/argentina-sanctions-israeli-oil-firm-over-exploration-near-f#:~:text=Israeli%20oil%20firm%20Navitas%20Petroleum,in%20Argentina%20for%2020%20years.
The potential has never been in doubt. It is getting to FID/Sanction that is. That said, things have been looking a little more promising recently, the Times article is encouraging.
Share price down and red at the moment however, the bid id up at 6.72 so in my book we are up in the blue lol.
Doesn't seem to matter what share price is showing, the bid price seems permanently stuck at 6.58p! How can it be that precise?
Apologies for spelling of Warrants, been a long day!!
For clarity, received today from IWeb.
ROCKHOPPER EXPLORATION - Important Information
Removal from ISA.
Important Information & Other Key Dates:
Following completion of the recent Rockhopper Open Offer you have received Rockhopper Warrants. As the Warrants are not trading on a Recognised Exchange as defined by HMRC they are ineligible to be held within an ISA product.
Should you hold your Rockhopper Warrants in an ISA product; we will shortly transfer them to your Share Dealing Account. If you do not have a Share Dealing Account, we will open one for you.
Hope this helps.
I finally got my open offer shares in my IWeb account however there is no sign of any warrents (in either my ISA or share dealing account).
Nothing showing in my IWEB accounts as of yet.
Does the current share price of 6.63p now reflect the dilution due to the open offer or can we expect another drop when the new shares are released to market? Perhaps I've just answered my own question?!!
So the warrants are expected to expire before FID is announced? If that is the case then they may not be as valuable as first thought. All bets on a decent OM award then.
Corporate action notification from IWeb explains the Open Offer well. I need to input a few thousand pounds to take up my holding which is spread accross an ISA and normal trading account. It grates a bit having to do this to avoid dilution but would be worth it if OM comes in and/or Navitas start releasing positive news.
A few things bother me, in particular the shaky ground that the stock market seems to be on at the moment, down big time on some of my long term investments.
The other thing is RKHs track record / luck which just does not go in PIs favour. Could it really be different this time. I note that we hav until midnight on Tuesday to take up the offer so I might just wait to see what comes out of the AGM. I'm expecting a lot of positive spin - but we've all been there before! Afraid I can't attend the AGM but good luck to those who can, hope it's worth the journey.
ARG not looking in a very good place today.
I don't understand the drop this morning. Yes we've just been diluted, but there is now an extra £5m in the accounts so why didn't it just balance out?
An extra 60 days won't make any difference to us long term holders, at least we would then have passed the point of no return where the award has to be issued. AGM on the horizon, things could start looking up again.
My portfolio of shares, funds and trusts are down 30% overall, so I'm already in recession. Do I bail out now or sit tight and ride out the storm? Could be a long wait. Trouble is if you bail, where do you put your money?