The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Also Neilius, We have not won yet - the "Award" is the decision, not the amount we will get - RKH explained this in the last RNS.
"Under the rules of the arbitration process, a decision (referred to as an "award") is due within 120 days (extendable, at the discretion of the Tribunal, by a further 60 days if required) of the closure of the proceedings."
Also this is very important:
"Deliberations have continued and work on the award is advancing. The Tribunal will revert to the Parties in the early part of 2021 with any final questions it might have or, if none, the declaration of the closure of the proceedings as per ICSID Arbitration Rule 38(1).""
Which says that they haven't even declared the closure of proceedings yet, and it could be a further 180 days after the closure that the "Award" is given (decision).
I would hope that Italy have a sense they have lost, and will come to an arrangement with RKH on a pay-out sooner, for fear of having to pay the top end of your estimate.
I hope it all works out asap but I fear we may have some time still to go on this.... We could have FID before OM if the oilprice goes in the right direction imo.
I wonder if this has any significance - Just additional interest maybe? I do note that they seem to be offering the lowest buy price of all the MM's....
There is a new MM showing on the books - MREX... haven't seen them on RKH before.... anyone have any idea?
Anyone else think all of the people in this thread are ralph?
I have to agree with you Auson, I don't think this is any "leak" this is just a correction based on the fact PMO is becoming harbour and the oil price is in the kind of place that makes SL realistic.
Interestingly we did get stuck at 10.4p today, which was the June high... Hopefully it will push through it tomorrow, a close above 11 would be quite bullish I think!
Auson - Whats your opinion of the reason for the rise?
Auson - it got snapped up within 5 minutes if I recall correctly...
Looking good. Someone has a million shares on the sell @11 trying to hold it back!
If you have believed in the story this long, then I don't see why you wouldn't want to average down from such ridiculously high prices, it wouldn't even cost that much.
What do you mean a breakdown of the increase? Look at a chart for that.
If your asking WHY then it could be any of;
- OM arbitration announcement (award), potentially for a big cash payout, multiple times current mcap.
- PMO/Harbour reverse takeover meaning RKH finally has a partner without excessive debt and questions about their own existence.
- Oil price going in the right direction.
Or maybe all 3? :)
Go back to sleep and hope it happens. If you actually paid attention you might consider averaging down.
Surely that's not how it works SecretBlueprint.... Lawyers fee's aren't unlimited, justifications have to be made to both sides. If anything both sides would be arguing about what each side claims as lost profits?
And even then, surely that comes after the "Award". As detailed in the RNS the award is only the decision on the case, not the actual amount that is to be paid. That comes after.
No chance I would be happy with that sort of price for RKH. I would start to think about it at 50p a share.
I think RKH SP will react to the PoO now, as we are at the tipping point where it actually makes SL feasible. This massively increases the likely hood of positive FID....
I think we can only assume it is related to PMO takeover and the price of oil soaring, as we know that is happening. I would love there to be an OM award announcement but I think it's too soon since the xmas eve rns?
And someone else happily gobbled them up.....
Someone has put 500k shares on the sell @9p to try slow it down...
While the volume isn't anything crazy, it is most definitely up - we have done the days average volume by midday.
Did it go in to Auction there for a bit? Haven't seen that in a very long time if it did.... haven't got live information so couldn't confirm.
First time I have checked on my long term RKH holdings in 2021 and what a wonderful surprise to see it on the way up! maybe 2021 is finally the year of the rock! GL all long term suffering holders.