Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
If we do get a substantial award I doubt very much whether the taking of a lesser sum would be acceptable to the litigators who have taken the risk on this nor their funders would be acceptable . Why take less when we know full well that this can be enforced on Italys foreign assets . Yes Rhk are short of money at the moment but even a a stage payment would probably be acceptable at worst . Lets just hope after all these years that we have some sort of progress as the last 11 years has been very painful for all long term share holders .gla
If you want to get a flavour of whats being going on in this case there is a pretty full coverage of the objections raised by the Italian government which were unsuccessful on Jus Mundi ROCKHOPPER V ITALIAN Government on intra -EU Jurisdiction objection . Heavy going but you can see why it has taken such a long time , decision awaited and cannot be long to go GLA
Given all the poor countries in the world and the fact that many cannot even feed their own population this idea that we can put a deadline on the sale of new cars petrol and diesel by 2035 is wishful thinking . We cannot even extend Heathrow airport which has been argued about for the past 10 years so announcing that we intend to stop production of the sale of petrol and diesel by 2035 is a bit of a joke . Technology will hopefully evolve over the next few years [it always does ] so that emissions can be reduced [carbon capture and more efficient emission engines ] Oil is going to be needed for many more years , its not going to disappear . We have not got enough generating power for the electricity we need , power stations take years to build and they are not going to be ready any where near 2035 . No mention is ever made by the supporters of the clean air campaign as to the cost of all these changes , prices of electricity will have to quadruple to make up for the lost tax revenues on fuel duty , its not going to be cheap at all and you are going to need a new mortgage to pay for the new car and the running as the cost will be through the roof . A gradual change should be advocated . If this forced upon us its not going to achieve very much if other countries like China continue spewing out emissions . Uk is already one of the few countries that has a low emission footprint [could be better ] something like 1.6% of worlds emissions , china 16% [and it hasnt dropped ] As usual the media will over play their hand , nothing however is ever said about the cost and that at the end of the day, cost has to be addressed as it will probably you and I that will have to bare the cost and more for the future . Gla
They are going to have difficulty closing that short as didnt they have 17 percent of the company and something like 100 million on this short , the price is turning against them substantially now and the market knows that , lets hope they well and truely bashed . GLA
No chance of PMO taking over Rhk until such time as they get their debt down substantially [ie sell Zama ] and even then they would have to get it past their lenders . More of a chance of another company taking a share of Pmo interest to spread the risk as they have indicated before . GLA
All I can say is that after waiting nearly 10 years all long term holders deserve some luck for a change . I for one am tired of waiting . Having waited 10 years I suppose one way or another something will happen within the next 6 months which hopefully will lift the gloom on this share . There has been lots of gloom particularly over the past 7 years . GLA
I tend to agree that alot were presold as the price before placing was well above 9 pence . The market is digesting this stock at the moment .
The placing was at 9 pence so it will probably hover at this level for a while . Approximately 11 million was traded yesterday and there were more buys than sells , those who acquired in the placing at 9 have probably already traded a bulk and have made a profit . Should settle down . Unfortunately as we all know shares always seem to have a pull back after a rapid rise , we await levelling and then next leg up .It may take a while but the interest still remains . GLA
Suggest people look at his postings one minute saying 15 pence to 20 pence , then sells and gets out and then spends the next few days posting warnings thats its all going back down to 5 to 7 . Yes it may do but dont come it large when its obvious what you are trying to do .GLA
Fdbk have alot more shares in issue so it may not go up quite so fast , iq on the other hand has far fewer shares in issue and a whole load in the control of the Directors, so very few available on the open market . gla
We are in the jurisdiction of the international court of arbitration , the High Court has no jurisdiction in Arbitration
Matters of this sort so you cannot compare it to a High Court appeal process for stays etc . Until a decision is given we will not know what the award is but to say that if they lose Italy can apply for a stay of execution is not correct .
Highly unlikely that Pmo could buy out rhk for .30 pence , you might as well say PMO could buy it for .20 pence , its not going to happen . Whilst the oil is in the ground and notwithstanding it may be a few more years till it is pumped out the licensed area is worth alot more than .30 pence GLA
Dont think PMO are in the market to make bids for RHK as they have spent the last 4 years in trying to get their debt down . Any bid if made would however draw out others . Rhk has alot more value than just Sealion .Isobel the other licenced areas and the Johnson gas field are probably worth more than Sealion . These fields are in a very favourable tax regime . Unlikely they will get it for a low ball offer , there arent many areas of the world that have fields of this size . Unfortunately we will just have to wait further for FID and PMO to farm out an element . GLA
Its been a non trading period for the Board for the past 5 years and more! Yes perhaps Moody has bought a shed load at a much higher price in the past but he knows full well any of his losses can be offset against purchase sales if he had bought over the past 2 years when they have been in the 20s . Its perplexing that they havent taken up the opportunity over the past 2 years to buy at these rock level prices . GLA
Long term sufferer of 10 years now and yes if they havent progressed this any more by this time next year we may as well give up . It is quite staggering that none of the directors have bothered to buy any shares over the past 5 years , the Directors pay has been enormous and yet they seem [as appears usual ] not to be at all bothered with the share price nor prepared to invest in the shares which are at rock bottom price . Lets hope we have some positive news in the near future rather than the promises , none of which appear to have happened .GLA
Closed period appears to have been going on for the past 5 years , none of these Directors have bothered to buy anything for years now . Given the large salaries which they have had the benefit of for the past 5 years it is annoying to see that none of them have bought any shares at these bargain basement prices which they have caused by the continued delays , yes they may be in the hands of PMO but that shouldnt have stopped them from buying over the past 2 years and its a feeable excuse to say they have bought in the past . Lets hope the situation improves for the future . GLA
Decisions of the court of arbitration are unless there has been some egregious unfairness in the arbitration process cannot be appealed against , so the chances of appeal and appeal is remote to say the least . I think this has been well covered before . GLA