Member Info for headder

Yes, the market makers, seeing the panama canal being conjested due to low water are speculating that a shuttle tanker from sealion could be used to top up the occasional tanker one day, thus, significantly, reducing transport costs..... Intermittently;

They also, significantly, don't have enough RKH shares so have raised the bid to acquire more to sell at higher prices later on. Significantly.

Https://www.bloomberg.com/news/articles/2023-12-04/panama-canal-bottleneck-prompts-detours-and-could-boost-inflation

Apparently same thing happened in 2020 with a diesel tanker.....

Major drilling reports Thursday according to trading view too, although not entirely parallel businesses, one would expect good results there to follow here. A lot of stock for sale at these levels. Definitely profit taking time in the gold miners too at these levels, hopefully both are catalysts here anyway.

anyone with aj *******? tried excercising mine through the corporate actions, had the money in the account but no joy. do you also have to send them an email or something?

pretty**** broker them really, they charge £10 per trade, make you pay the ask price and make you sell at the bid price. and if you try the limit order to get the price you actually want, if the shares trade above that price there is no guarantee they execute the trade for you. too expensive, bought wizz this week incase the oil price collapsed, exited thursday, the broker made £20 & exited with a £3 loss.

With regards to a similar capital raise? It's the whole investment thesis here I think.... Company will go under without massive capital injection compared to market cap, in a huge loss in valuation terms of previous investment price. But, the expected capital returns of previous investment plus new in form of dividends after dilution is what , over 20% per annum for a couple decades? (rough guess btw). It's the whole investment thesis here in my view, you buy a small amount your willing to lose, then if you get 3-1 rights on a raise your laughing. Seems credible to me as they have already gotten rid of the bad actors to give the company a fresh start once things have been sorted out. Assuming everybody gets the same terms on a capital raise. Otherwise should probably sell when the shares gain 10% again.

Know what the margins are on US contract services? Obviously from the presentation, McMahon in Australia has 5% npat I think, so would hope us business will mainly focus on mslabs expansion, having a competitive advantage unlike contract mining or even drilling.

Sam should be taking steps such as promotion of the company (share price & liquidity) to encourage uptake of the warrants, which remains a dark cloud until exercised, through all the media outlets. Pass the buck, I think the only thing he currently does is give himself handshakes.

Media report here;

https://www.bizportal.co.il/capitalmarket/news/article/820307

Read my post whackford; post developement drills have gone from 5 to 12 & developement plan has been submitted to fig. Also, upfront capex has been reduced by 100m$ but there was a disclaimer in there (not pasted) that the figure could change by quite a lot & that the field may not be developed. Everything else we should have already known.

What I was wondering is how long the FIG will take to approve the plan & what exactly happens then.

This is it;

C. Lyon

The partnership is currently working on a multi-level basis to advance the development of the project,

including-

 Forming a detailed development plan for the project and promoting the elements while maintaining

Ongoing dialogue with the Falkland Islands government. In this context, the partnership

(through the subsidiary that owns the rights in the project and is used

3 as an operator in it)

submitted the development plan to the Falkland Islands government,

which includes drilling of 23 development wells in two stages - in stage I drilling

of 11 wells and in phase B drilling of 12 more wells. costs

The construction (Capex) of phase I is estimated at about 1.2 billion dollars by

for the start of production from the project. The development plan is expected to include components

that will significantly reduce the scope of carbon dioxide emissions in stages

The construction and operation of the project compared to the previous development plan

of the project.

 Forming the financing plan for the project, which may include, among other things, financing

Banking, financing through the issuance of bonds, and financing of oil traders.

 Locating, negotiating and reaching agreements in connection with the ordering of essential equipment

whose delivery time is long (lead long (including the production and storage facility

(FPSO) for the project and supply of underwater equipment and its installation.

 Examining the possibility of introducing another partner to the project before the acceptance date

The final investment decision (FID).

The partnership intends to act to obtain the final investment decision (FID (for development).

Phase I during the year 2024. The gradual realization of the development plan is intended

Allow production to begin with a limited capital investment, when the following steps,

including the rest of the development drilling, will be carried out after the start of production from the oil asset.

At this preliminary stage, the partnership estimates that the start of production (Oil First (from

A is expected at the end of the year 2026.

so, it's winter time?

http://large.stanford.edu/courses/2013/ph240/malyshev2/

might cheer you up. so, basically, oil will last another 60 years or less.

https://pubs.usgs.gov/fs/fs070-03/fs070-03.pdf

then you are basically only left with heavy oil which no one wants.

then viking greta thumberg (of arc), at 90, will be mebering how she used to be important because oil releases co2 and the world was going to end but then the oil was running out and an entirely new ****** came along and said the oil would run out and the world would end so she retired in disgrace. the end.

Sam say's he is monitoring the share price and is currently crying because it affects his 200k sallery and the likelyhood of fid in 2024 and even the annulment. He also reckons that after all the effort he puts in on a daily basis it's about time for a raise.

Yes, busy as he is he is not totally independant though, and shareholders are welcome to spit polish his brass & male chicken. Gideon Tadmor, when asked about this said he is driving Sams bus for him as a side job which he will reiterate publicly this Sunday.

Https://www.offshore-energy.biz/watch-transocean-crew-talks-about-first-8th-gen-drillships-voyage-from-shipyard-to-ops-in-gulf-of-mexico/

O.K, so I was off by 10K$.

Doesn't mean s&p is infallable. How did you get the info anyway? That didn't come from the navvy website, good spot by the way, not making things up as far as i'm aware.......

Might start to get an indication now whether the project is 'on schedule and within budget' or if the goal posts are moving on Shenandoah within the next 2 updates.... Think the drilling was still goin gon in August which was supposed to be finished. Also, the transocean drillship was renegotiated to 450$ per day from 320$ For the final '12 Months'. That's just the stuff we know about.

Things might get volatile!

'Small investment to see how this progresses over the next few years?' ( can I recommend the aim tracker fund?https://www.londonstockexchange.com/indices/ftse-aim-all-share) I saw this company mentioned on the capd advfn board and after looking, it will take a few years to see whether it's even worth an investment! cagr, margins, scaleability?

Low volume, dropping price..... Look at the major shareholders, what price did they even get in at? Looks like there's a load to dump and no buyers as yet.

I thought i'd refer to this link to show just how cheaply a refinery can be set up for should the opportunity fit into a developement plan even if it's off the table right now;https://www.youtube.com/watch?v=KsB9OTkepe8

They seem to get over 300bopd refined from each road tanker they convert. And the best part is, the asphaltines left over can be used to refine the next batch. Cheaply operated & don't even need an electrician to set them up. Just think of the added crack spread!

Administration might not be that bad as 3rd party liquidators would take over & sell to the highest bidder, meaning the 'cornerstone' owners couldn't use their share holdings as a veto as basically it would be taken over by the banks.

It is costing Vale sa 500M$ to rebuild a electric arc furnace on onca puma just a few 00k east of aguaia to get an extra 25kt Nickel from 1.5% ore. They already have the kiln in place etc. A sale is the best possible outcome now for private investors as they are back of the que.

Orion & LaMancha coughing up the required equity at any amount, the lower the better, being prefferable to increase their stake & then 'the big 3' will basically end up with all the shares & can stink bid the rest. Get it? There are a number of likely bidders who would likely bid the company up to 40p/sh but they would never get the vote to pass. We're f'ked! Small chance line 2 can be sold as j.v but from todays rns that is not the intention. Selling line 2 is the best way to protect shareholders! J.M basically just gave us all a big F U, can you see it yet?

Was the convertible notes from vision blue, not the investment rights.... Was mentioned in q1 presentation that the company was expecting them exercised in q4. Good to get the extra cash really.

As I thought. Pessimists. Well, seeing as I post the links with which I form my assumptions, which have been posted here, and you don't, I suspect you just stir them up from biased psychology. There's a reason all non fictional essays come with references. Yours are just words!

I'll leave you to your group think.