Member Info for JPDM

Good Morning Divi-Collector

Your Q = “If its good news, why has the SP gone down?”

Generally speaking, when a company issues additional shares eg Placing, Rights or Open offer then there is an obvious increase in the number of shares in that company. If I own a company and its perceived worth is £10 and there are 10 shares in issue then each shares perceived value is £10 divided by 10 shares = £1 per share. If I then issue an additional 10 shares so there are now 20 shares in circulation then each shares perceived worth drops to… (£10 divided by 20 shares = 50p). The value of the company in this instance remains the same but the original share values are diluted by 50%

This is what is happening with Rockhopper. Don’t quote me down to exact numbers but basically around 640,000,000 in circulation currently and after the Placing and offer to existing retail investors this will increase by around 30%. This event hasn’t happened yet but in expectation of it happening the price of existing shares is hit by downside. That is why the SP has dropped. However, any downside is being balanced by the perceived upside of future growth and success of the company so the current drop is actually quite modest. The raising of this money buys security for RKH that they can finance the development of Sealion (Subject to Navitas sorting their own finance out too).

Currently, its worth noting that the SP is still up around 5% up on the week indicating strong positive expectation.

Not sure if the above helps answer your question but I hope its of some help.

I’m very much long this stock along with BOR and even a dabble in FIH. I’m sure there are people out there who are shorting this stock and obviously I can’t wish them luck as I am Long the stock however, it may be the case that some of those out there who are shorting the stock may be looking to close their positions and if they were then IMHO I don’t see to many of these down days going forward so timing is everything!

All IMHO and DYOR

Very best regards and good wishes

JPDM

Good afternoon buffit, yes I did indeed, lol… so no more Harriet for the time being! Re BOR, well we did well topping up last week though the way this trades is currently bonkers!!

Best wishes

JPDM

Gus0 I would say you are spot on there. I wonder how many late unknown trades will appear after close today!

Best regards

JPDM

I think you are right TD. I notice we have just a few more tentative buys going through today.

Kind regards

JPDM

Lol… NN, The nail, wooden metre ruler and elastic band is more for when we have sudden rapid price changes, I’m sure an example will come along and will happily apply that in a ramble. Looks like our price targets aren’t to dissimilar.

Onwards and upwards

All the best

JPDM

Thanks for clarifying/confirming on that thesnail

Best wishes

JPDM

Hi Neilius

My pleasure, re insurance, I may be wrong but without checking I seem to recall someone posting that it would be paid within 40 days of the insurer confirming it was a valid claim. That was a while back in July and there was then a query as to whether the 40 days was working days or calendar days. Someone else can hopefully clarify better than myself re all that however, I would assume that it will be sometime mid to end of August. I am more than happy to be corrected if my assumption is incorrect.

Very best regards

JPDM FM

Good Morning Neilius

If you go back to November last year its actually a really nice looking graph with a distinctive trend showing an upper and lower resistance.

I wasn’t sure just how much expectation was built into the SP last week but we were tracking at the upper resistance circa 65p very much in a holding pattern. Subsequent to news from Navitas drill there has been a relatively controlled increase in SP which has broken through the upper resistance level and, currently, appears to be holding. As it wasn’t a sharp ‘of the moment’ to circa 75p but instead more progressive this brings in the word ‘momentum’ Such a lovely word.

I’m now going briefly to harp back 20 years by re-mentioning that its somewhat like a stationary car…. Each bit of news or hopeful expectation is like a little push. Those little pushes on their own do not move the car (the SP). However, with an actual positive event, piece of significant news then this provides a bigger push. The car (SP) starts to move and we have momentum. The car is now moving with additional pieces of information that previously wouldn’t move the car o now having now effect and the car (SP) moves faster. This is where I perceive us to currently be. Confirmation of Insurance money received, updates on FID, Rights issues/open offer etc and indeed progress updates at Shenandoah should all help secure RKH into a new higher Fibonacci sequence level. I think we are talking next price target upper level of 82p to 89p. Trending end of year to over £1 with next sequence level actually around the 140p mark.

Worth also reflecting that many of us here have been luck enough (at long last) to be considerably in profit. 10 fold or more for some so I can see that the pressure for profit taking will also become a factor.

Just my initial thoughts, I haven’t been posting price targets too often these days as there are many on here who are far better but I do hope the above is of interest. At some stage, later into autumn one evening after FID confirmed, when I have suitably nice bottle of red open, the nights are closing in and the first chills of Autumn are with us then happy to do a good old fireside ramble.

As always, wishing each and all good fortune

JPDM FM

This a good old trip down memory lane, I remember Dana, think the ticker was DNX and had a few. Another one that had a lucky strike was Edinburgh Oil n Gas, hit a massive oil find in the North Sea, can’t remember the name of the field anymore though but remember the SP rocketing! Bit before that I had some Aaran Energy back in 1990’s that did well!

Best regards

JPDM

Similar for me too Bootledodger, first trades for me in DES were back in 1999. Remember I was at Merrill Lynch and had to get special permission to buy the stock. Remember the Director saying that “we frown on speculative investments so hope it’s a long term plan” He had nothing to worry about there!!

What a great day!

Kind regards to all

JPDM FM

Apols… typo, should have read JHI not JHL

Hi Violindog

JHL Associates took over Argos resources I believe.

Best regards

JPDM

Navitas looks to have just hit an all time high. At time of posting it’s now up 5.6%

Definitely agree it will be interesting tomorrow both for RKH and maybe BOR too!

Kind regards to all

JPDM FM

Many thanks pre2rcd

Best regards

JPDM

Ladies n Gents

Hopefully news soon from Navitas. Not much else to say, just looking to change the thread :-)

Trading very much central to trading range.

Reckon we could do with some price targets/projections so may dig out the old JPDM charts and offer out if any interest?

Best wishes to each and all

JPDM FM

Sounds like we have similar holdings in both! Apols re the Lady H. For some reason I seem to remember a post where you signed off as Harriet and that stuck in my memory bank. I must have got that wrong so sincere apols and no offence intended or meant in any way. Aside from that, fingers crossed we will see some movement north with BOR in the not too distant future.

Sincere and best regards

JPDM

Well played and Called Lady H. I don my hat to you and raise you no further (ISA currently full)! Most of my holding is sitting in RKH but today’s dabble in BOR takes me to near on 400k shares. Just to get back to LTT too, I do think that momentum is the key word and as that grows for RKH that must surely influence BOR too. Yes, actual development is further away but the asset in the ground becomes part of the same overall new Provence which does carry a premium. Those warrants during latest fund raising were there for a reason and that fund raising was successful at a very modest discount to the then share price.

My majority of investment is in RKH but I am hoping there is significant upside in the current BOR share price which values BOR at a very modest 60m!

Let’s see, let’s hope

Best regards to both of you

JPDM FM

Fortune favours the brave Lady H. Thought I would join you albeit with a smaller top up of 49,999 @ 6.97p

My sincere and best wishes

JPDM FM

Good Morning to all,

It does seem that over the last few days volume has been ticking up and this follows on from recent weeks where we have had several large singular aftermarket reported trades.

Good luck to each and all

JODM

Apols - should have started "Good info Ovets"

JPDM