Member Info for flipper56

I am surprised no one has tried to take us over. There is agreement from virtually everyone that there is value in the Company. Copper and Platinum are on a upward trend. And whereas Leon has shown good ability at the processing level, he has consistently shown an inability to look after the interests of shareholders. I have to admit I would easily accept a reasonable offer as I just don't trust Leon.

How much is energy security worth ?

https://oilprice.com/Latest-Energy-News/World-News/Middle-East-Conflict-Sends-Egypt-Scrambling-to-Replace-Israel-Gas.html

And oil is breaking out. I hope MD covered his shorts or he is in for a spanking.

Again, thanks Paul. A good read after some absolute dross posted in the last couple of weeks. The numbers are compelling.

It doesn't look like Navitas shareholders are followers of Chess/Chrisoil. Shares up again.

I am expecting Israel to seek regime change in Iran. This is their best chance. If I am right then the conflict may continue for longer than many expect. Assuming a successful start up with Shenandoah then I struggle to see a case where funding would be an issue. Net zero and Argentina were the 2 big obstacles and now both seem to be improving. MD touted low oil prices and at the time the oil charts supported his case. Now oil could be breaking out on the upside ?.

Wouldn't want to be out of this out of the weekend.

Https://www.batimes.com.ar/news/argentina/israel-welcomes-president-javier-milei-for-second-official-visit.phtml

With Israel and Argentina now best buddies, it should be much easier to raise finance at competitive rates.

How much copper does Colins companies produce from those simple open pits ?

Https://www.marketbeat.com/instant-alerts/canaccord-genuity-group-forecasts-strong-price-appreciation-for-rockhopper-exploration-lonrkh-stock-2025-06-09/

"Do you think for one minute a isralie company will want the political grief this will bring come on are u serious"

Fair point Grim. We know how the Israelis hate bad publicity and upsetting anyone ............................ Especially Argentina who took in all those Nazis.

46p is proving to be a bit of a resistance. Sooner we break it the better.

He repeated the 80m comment yesterday on Sunday Roast. Also copper all the way.

Back then oil was never going to go back over $50 a barrel, banks were no longer allowed to invest in fossil fuels etc etc. To me that point is irrelevant. Even BP etc are now looking for oil and gas assets.

(Alma , I take your point but isn't tax still up for negotiation with FIG ?. Something has to give imho).

I will go with: we reduce our holding (35% is too high for a basin and will slow further development). This reduces our cash requirements. Plus the new partner funds further exploration. Assuming success our resources/reserves are increased.

I also think Sam would be careful with the placing and to whom unless no option. We don't want to be left vulnerable to a take over at this point.

I don't think Sun readers would understand "Avarice". Not unless the Sun has gone upmarket since the days I used to read it when Sam Fox and Linda Lusardi graced the pages !.

Hopefully you are right Borgo.

Now we can start speculating what the 3 are.

I will go with first oil. That is a big one for me. Midsummer seems about right.

Then finance, 3 months after solid production data.

FID following shortly after.

These are what I have been planning on.

In regards to a placing. No big deal but I would rather be involved like last time.

A strong weekly close yesterday for Navitas. Fingers crossed that that announcement is on its way. And a nice upgrade for us. Could do with a good rise into the close.

Fortunately I also hold SLV.

I am in the "selling too cheap" camp. And having held JLP since about 2007, went through all the conroast stuff where Leon seemed to do very nicely as shareholder value was destroyed, I tend to take a dim view of this timing. I would like to know who the buyers are ?. I am a fan of copper, there is a lot in Zambia and this is potentially good. But trust has to be earn't and LC has consistently proved the opposite imho.

I know someone mentioned it yesterday but I don't think it has been posted on here. For any newbie:

https://rockhopperexploration.co.uk/wp-content/uploads/2025/06/June-2025-corporate-update-Vf.pdf

Once FID has been announced, hopefully in the next few weeks/months, then to me I feel we will be taken over unless there is a big rerate.

The North Sea is uninvestable, the US being hit by high costs ie steel tariffs, places like Brazil are looking to increase taxation on oil companies.

$25 break even and a whole basin to explore - just too attractive for many oil majors looking to increase their reserves.

Oscar - can you provide more why you have a issue with Chairperson Thomson ?. I would guess he/she is just another leftie, woke political activist masquerading as a lawyer. All to common in the US and here sadly.

Once the short term traders are out then let get back to new highs. Not many weeks to FID.

I am surprised they used Poncet. But he doesn't have any convictions. Just some dodgy accusations in the Italian courts. The Italians are the experts of dark arts !.

But in the big picture, as others say, irrelevant. Sealion is the prize. Navitas still going up ...............................