The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
The price is slipping down, not surprising and we’ve seen wee bumps like this before. I appreciate there are those who will be trading this a lot, both up and down, but as someone who doesn’t spend all day staring at the share price, selling off shares at this point feels like a brave move…one bit of news as regards two subjects (OM or FID ) and this share is going to move significantly.
Is this the same treaty that RKH used to sue Italy?
UK quits treaty that lets oil firms sue government https://www.bbc.co.uk/news/science-environment-68369916
So…what’s it going to be this time? We appear to have a lot of volume for having had very little in the way of concrete news …a few days ago we read about some sort of minor delay and today we read that a floating harbour is being bought…
Is that limit order that was mentioned last week closed out? That doesn’t explain the current volume though. So why the big churn all of a sudden?
So, will this stick and we get through the elusive 15p range…or are we back at 11p by Friday?
@BB3
Timing wise I’ve been giving this more thought and I think the time frame is actually quite short now, within the next couple of months? I think people in the know will be buying more readily now, I know I am buying again.
As an aside, until recently I thought my investment in RKH an embarrassment and the fact I’ve been buying more a sign of some sort of illness!! Certainly broken near every rule on sensible investing that’s for sure. So one significant change I’ve noted in my own attitude is that I find I’m beginning to mention it to folks that it might be worth a punt over the next year. I presume, maybe wrongly, others might be doing the same.
I’ve mentioned the tipping point a while ago and am curious as to when this will happen. OM and FID should be good days for sure but I’ve always thought that a gentle trend upwards will happen if doubts begin to be quelled and a drip drip of positivity gained some traction.
It’s a moot point if we are there yet but it’s hard to see how anyone, who knows this share and its history, can argue that this must be one of the most positive periods since the original drilling program. Finger crossed and all that…
Have a great weekend,
Cheers
I can imagine most of us aren’t expecting any major leap in share price today, it would be nice, but we’ve seen good news fall flat many times before. But…the negatives are disappearing fast now, even the doubters on this forum are struggling to find anything to moan about.
2024 is firming up nicely to be the start of our fight back, a rise to where we cannot yet see…and it’s at 10p. It’s ridiculous really…
The share price dropped back to 10 over Q4 whilst receiving positive OM news and now positive warrant news. Is it presumable that now we have clarity of both and little OM sign off (near certainty), and FID (the near term massive goal) that the share price will move back to mid- teens? I’d have thought it likely..? Not wishing to be a booster but still trying to nugget out any traps I’m not seeing…
@Spacehoppa,
I don’t want to get too carried away but I think RKH that a lot of the RKH risk has been mitigated. If things go as hoped, FID notably, I don’t see why RKH will not be multiples of today’s price. I’d also say I’m cognisant of the media interest in this story and that will encourage interest from further retail buyers (similar to the first oil drilling program).
So. I’ll say end of 2024 at £1, and I’ll be honest, if FID is signed off, then it could be significantly more.
Time will tell…
Hi folks,
Thanks for your thoughts and insights, much appreciated. I note that no one, so far, is discussing any major problems specific to RKH as a company. It’s the risk, the downside element, I’m interested in, and I believe that most of the larger monsters in the cupboard have been dealt with now. Time will tell if I’m right.
As Paul notes there is a long way to go to first oil and even further to dividends but I also think that you can see from the recent Times article that the media interest in SL is going to be considerable and significant once SL starts to move forward. My guess is that a lot of money will come into this share, a bit similar to when oil was found, that would maybe not be normally come into a small oil company because of that.
Anyway, interested to hear further thoughts on risks or downsides.
Hi folks,
Are we seeing this share largely de-risked now? Certainly it seems the immediate cash issue is over the horizon?
Certainly feels it’s “only” normal field development risks and, given they’ve had a decade to think about those, I presume their risk assessment covers most things.
So…share price down due to warrants etc…but otherwise, other than this share has been battered over the years, what is holding it down..?
As regards the energy security issue I always thought that it would no only in the extreme situations mentioned that could be a thing but as Putin showed, mainly Germany, having your energy balls in someone else’s hand isn’t such a good thing.
My thought on the advantage of having energy supplies sourced from a country’s own territory was that the jobs, income, supply chain, logitics, equity and taxes of allsorts would be created and churned inside the country’s borders (GDP) whilst also helping the balance of payments as regards import v exports and this would affect the strength of the currency.