Member Info for headder

Drilling campaign should be the next news @ end of march, hopefully with plant throughput update bolted on.
Hoping it's the start of a positive news cycle here to get above the 25p for vision blu to invest the 30M odd $ we need with a further expected placing ontop to go with phase 1 finance.
Also need to see how profitable the recycling line is as that will have a big impact on bond financing from a bank.

Anyone know why the big volume days recently aren't moving the price? Seems to only go up on small volume days... Could it be spread betting on ig? I don't have an account there so don't know how it works.

Is this some sort of spoof? All I could find is that C.Wolf is going to the F.Islands to live for 2 years with his family to oversee the regulatory team and build relations with the Government. For 32k£ a month w/100k£ annual grant and 57.5k options. He is a 3.2% nvpt shareholder. I'm sure his associates appreciate his necessary sacrifice. Who outside of the military even goes there?
Our understanding is that permiting progress will be slow. We don't even know what sort of fpso or how many wells are to be drilled for phase 1 yet(4+1I?). Why would an mou be needed? Are RKH penguins still forraiged for their fish tasting eggs? When is the next AGM?

@ lactics & spacehoppa; ARG is being sold for delisting costs + $3M of equity (10%) of the purchaser. Literally peanuts and a bunch of lottery tickets in another EME or ADV. Assuming the company lists one day, shareholders will have to sell into any drills or face substantial dilution/ another bust.

Low risk, high reward for Navitas. This is the best team they could get and on the case which is more than moody could presumably do with no money to spend. Here's an interesting link from a while ago;
https://en.mercopress.com/2022/07/23/falklands-black-gold-rush-might-at-last-be-a-reality
A reminder that premier oil paid 260M upfront for 60% of SL, all navitas has to potentially do is lend rkh some money for developement costs (assuming sanction).
Here's a thought. If there's potential for so much more oil around sealion, why isn't rkh competing for argos resources?

Came across it on a YouTube channel called portfolio matters........

https://amg-v.com/amg-vanadium-overview/
Above is a link to a US company seemingly proud of their catalyst refining business in America..... I wonder if FAR will ever do an investor video on their site to attract institutional investment.

The pilot plant was under costed at the ipo and the 9p convertible shares from vision blue were supposed to get it to profitability. Probably, all would have been good if not for supply disruptions etc. caused by the war since I have been invested and around 15M$ or whatever it was spent to get the operation to this stage is no bad investment to get at least 4M$ fcf 2023, I just don't like the extra dilution on top of the extra dilution to do the feasability study quicker and it makes me wonder whether getting the 7.5M$(?) to do it through shares, rather than get the plant running and fund it is really worth while (unless you are vision blue)......

Wish I had waited to top up now, that's another £300 in the hole.....

Interviews getting shorter and saying the same things..... No forward projection of cashflows from pilot plant, no update on carbon black, keeps saying the current operation is unsignificant, they have diluted 20M$ (granted, some is for studies) plus spent IPO cash to get it to be profitable, is the guy a ******?
I will concede the supply disruptions were out of his control but why spend anything on a feasability study when (as he says the plant will cause no further dilution) your priority was to be self funding? He's not been very prudent that's for sure, didn't he start out as a 20% shareholder? Might as well have had a Habsburg in charge.

If long term prices for oil go into the low/ mid 70's not muchaboutmoney, then 1/3 of RKh's NPV @ FID (rough valuation based on the old data) with funding sorted is about a 9 bagger. Chances of that happening? Low right, that's why the shares trade around 9p. Just keep adding them 500£'s

@ VAN2000; From reading your previous posts you seem like a smart fellow so i'd like to ask you a question. Why do you think libernum, the house broker has 4M$ earnings for FAR's current operation going forward when Bridgen stated last year he was expecting 10m$ operating profit (implying double)?
Accounting in the RNS's is always a bit vague so I can't tell but my gut instinct is that if the companies own broker, who presumably they pay to release notes say that's what the earnings are going to be, it's suspicious.

VRFB's are expensive vanity projects pollack. I'm in and was only ever here (in the quest of all the new vanadium projects to undercut their competitors) because I believe the company can undercut the competition and will therefore have ultimate pricing power. Also believe the carbon black produced will be another added bonus as recycled plastics have found their way into car tyres already so why not what FAR are producing, since it has shown to meet regulatory standards?.......

@ Mike, don't forget, the Falklands were uninhabited prior to Brittish missionaries setting up a post there to convert the
Southern patgonian natives until a gold rush saw them all killed through Argentine expansion. Thy claim rights over the Falklands from decree of the pope, when dividing 'the new world' between Portugal & Spain. Although they rebelled against Portugal & no subsequent pope has ever endorsed such a claim. The argentines care more about winning football than politics, clearly.

And Mike Buck, who pays himself 200k a year from placing shares, is effectively reinvesting 25k$ of this shareholder money...... Might have a look here in 3 weeks if I see good value, looking like Heron will be delayed for a long time if raising money now.

We don't know for sure about a raise, but it is a definite risk. Until the accounts come in and we can see where the monies are being spent and what the supply situation is can only guess. Might be that this is why the feasibility was delayed, the company has proven to be far from forthcoming about these things.

$6M cash burn since September is a bit worrying since will have to wait for audited accounts to see where it went.

You must be nuts! I'm in for the next pump and expect 70p.

FAR could be paying 11.5p dividends in 5 years!

Anyone have any idea when the new director might buy shares? If he's going to then now looks like a good time or do we expect he will get performance shares as part of a remuneration package?