Hold22 Sep 2022 11:32
Agree the following:- RKH has raised funds through the placing, OO and will raise more through the warrants, so little prospect of going bust any more;- Has just been awarded an astonishingly large sum by ICSID, far greater than most could even have dreamt;- RKH, Navitas, HBR, FIG, HMG, etc. must be about to sign-off the transfer of operator to Navitas;- Truss & Co. announcing that they support increased oil/gas exploration;But on the other hand looking historically at how Mr Market has valued RKH based upon mainly how much ‘cash’ is in the bank then it seems to me that until the award hits the RKH account then Mr Market will still take the same ‘negative’ view.As for selling now and coming back… it’s a risk and although I’m still uncomfortable with BoD performance, holding with lower frustration levels is now a more acceptable option.