RE: From google translate2 Sep 2023 21:02
The poor numbers of shares changing hands is a sign of the lack of confidence that the market has in RKH. No one disputes that a higher price of Brent ‘should’ mean a greater profit margin . However, it is all based on a simple assumption that at some stage in 2024, less than 12 months away, FID will be declared and the rampers tell us the SP will be multiple times what it is now ?
The Market doesn’t seem to think so. I would suggest that at the low SP now firms would already be taking up positions in RKH.
No great evidence of this …sadly despite the good work Navitas seem to be doing.