Member Info for fecm

No signs of big sells to justify this mornings drop. More stripping out of the cash from recent buys.

Thanks Mogger.

From the recent Navitas presentation that you highlighted:-
"August 2020 due diligence completed , and the partnership has reached an agreement regarding the final transaction documents."

Following the above, I would imagine RKH are now as confident as they can be about the farm in going ahead therefore justifies updating the webpage. Not much, but positive all the same in my view.

The recent influx of money that pushed the sp up circa 30% following the PMO news, is slowly being stripped away in front of our eyes. Happens every time. Rinse & repeat.

Correction to my last. It looks like we actually ended up on the day 2.18% @ 6.09p. I guess the person who updates our site knocks off early these days :)

2.68% drop. Drip, drip, drip.

Got to be something going on that we don't have sight of. Without further news it looks like the sp will slowly get chipped away.

Pretty sure I read somewhere many years ago that an RNS costs circa £150 to release. Hope we took financial advice before committing the funds :)

SP hasn't budged all day, 25 trades below the mid so I guess we're in for another drop at the close. Drip, drip, drip.

Thanks Auson, I do all of my trading through Iweb and I've always noted the trades appearing pretty soon after. There hasn't been much activity recently so pretty sure I haven't missed it. Will look into your suggestion though.

Agreed, still waiting for a trade I did late last Friday to be reported. Is there a time limit for a broker to report a trade?

Still no sign of my late Friday RKH purchase of 27,700 shares on here or LSE website. Seems odd.

Daikihaku1, no worries but surely for your investment to be devalued in the future it has to have some value today? :)

Guess you must be one of the lucky ones who has bought in recently!!

Daikihaku1, I would say that's a computer generated response and personally wouldn't invest off the back of it.

fuddstone, PMO have not been taken over. At this stage it is only a proposal which has to go through all kinds of approvals before it becomes so. Until then, don't expect the BOD to comment as no material event has occurred. I'm sure RKH are working hard to determine where we will stand if the proposal plays out.

On Friday at 16:28 I bought 27700 shares which as yet hasn't been reported. SP down quite a bit too this morning. Are they having trouble filling orders?

The majority appear to be Ordinary.

Enjoyed the micro rise while it lasted. Always runs out of steam then endures a drip drip drip back down. Expect more of this over the coming months. What I can't work out is why so many of the trades are for such small amounts i.e. <£10 traded?

"if the new company even hints SL work is starting up again!"

Hmm, and there is the problem - the 'new company' won't even exist until minimum, 6 months time. Wonder who FIG will be awarding the licences to next year? Bet they will be wondering what extras will be in for them!

There seems to be a few comments questioning why we haven't had an RNS from the RKH BOD. My thought on this is why would we? The news is all in PMOs house. Yes it affects RKH, but not until the deal is signed, sealed and delivered. Until then it is speculation that will drive the share price. Would you rather have the BOD release an RNS saying all is now good and we're all going to be rich, only to have PMO change direction in a couple of months. RNS's are for material changes that affect the company, not speculation - unless it's unfounded. Be patient and hope the speculation comes to fruition.

Thanks for taking the time to contact ICSID pauldrayton and letting us know your thoughts. What you say sounds quite feasible to me. Would be an excellent end to what's been a pretty poor year for us all. Roll on Christmas.