Member Info for flipper56

Seems to be closing at the lower end of the tramlines. Went below but recovered quickly. Hopefully up leg now. Great play by the marketmakers !.

Up 5%

Https://oilprice.com/Energy/Crude-Oil/Crude-Below-65-Squeezes-US-Shale-Even-as-Drivers-Celebrate.html

Think Navitas will be even keener on Sealion. The US shale patch is suffering.

With increasing costs in the U.S and a now defunct legal system, I feel the Falklands has just become much more attractive. FIG need the oil revenue to pay for their existance and the penguins are unhappy about Trumps tariffs . ...... Glass half full for me but still think the judgement is a disgrace. Probably Starmer was suppoting the EU !.

I have bought more. Too many really. But seems a massive overreaction.

The original award only changed the shareprice by a few pence. The current drop looks crazy. Navitas up. If they were heavily down I would be more concerned.

Shocked by the result. These courts are a joke. Oxus Gold was one of my shareholdings so remember it well.

Wonder is this makes us more vulnerable to a takeover. We are looking a bit vulnerable imho. Increasing steel prices in the US is making production there more expensive. Only a matter of time I think. Just hope we can hold out until further exploration completed and first oil.

Sad to see the shorters onboard spouting their nonsense and clogging up the board.

Cruel - but funny

Don't count copper out

https://www.mining.com/copper-price-must-double-to-meet-future-mining-needs-study/

Nice comment : "and promoting hybrid vehicles over fully electric ones". Good for platinum.

But appreciate your reply Edzi. Copper has been a nightmare for me across various AIM companies so JLP is no exception.

edzi - i agree with most of what you say. but it is precisely because i feel slater is taking a hands on approach that i feel more confident. he could have just sold and taken the losses. he obviously feels there is something to be rescued. i also don't think birdie/lc would have sold anything off by choice. they just park them and issue more shares/warrants to buy the next big thing. followed by due dilligence and a plan on the back of a *** packet in my opinion. i have confidence in leon's engineering abilities, cbs knowledge of zambia and copper. hopefully slater will now bring shareholder returns. lets hope.

Some buying today. RNS coming ?

Don't forget the project is now much bigger than a year ago. A delay was always likely once they increased the size of the project. Now people are even talking about increasing the FPSO capacity !.

I feel a takeover will happen. Why not ?. I just hope it is not until oil is flowing and further exploration completed. But why would other oil companies take that into account ?. Fortunately most of mine are in ISA so happy to take a large cash offer of £2 a share.

Maybe if the platinum price rises enough then they could do a deal on Tjate

Kalan - same. Was caught up with the Tjate hype and it has been a very frustrating 20 years. For the first time I actually feel us shareholders might get some value created and one day dividends.

Platinum on a roll.

Personally I thought it was a promising RNS. Finally the Birdie influence coming to an end - ie screw the small investor and destroy their holdings with never ending placings and warrants. Capital discipline is what we have called for for years.

"but cannot understand why folk are selling unless they need the cash with a potentially huge News event looming ever closer, because the news, when it hits will be HUGE!"

LTT - I sold £10k yesterday. Simply because I bought them on the last pullback and I felt I could make a nice profit - which I did. I have way way too many already so have to be realistic.

Https://oilprice.com/Energy/Energy-General/Trump-Calls-for-Total-Dismantlement-of-Irans-Nuclear-Program.html

Why would Sunni Saudi Arabia boycott Israel ?. The last thing either of them want is a nuclear armed Iran. If we playing devil advocate, how about the Saudis are increasing supply in the knowledge that the Iranians will continue their nuclear enrichment programme. Then the US/Israel will bomb them leading to ???.

Https://www.bloomberg.com/news/articles/2025-05-03/shell-is-said-to-study-merits-of-bp-deal-as-rival-s-stock-slumps?srnd=homepage-uk

I know its behind a paywall. But the point is the shareprice could be influenced by multiple factors, including a takeover. As per above.

Thanks for the take on Saudi Arabia. Not a country where we here much about. Navitas has held up today so no signs of panic there. I expect Navitas to go ahead with FID as the Sealion break even is low enough to make it worthwhile. And a low oil price with mean lower drilling costs, more oil workers and services becoming available and maybe the Hurricane field shutting down sooner. All potential positives. And a higher oil price when Sealion starts to produce.

But, in the short term it will increase volatility with the shareprice in my opinion. As a long termer, just part of the fun of investing in RKH !.