Member Info for Neilius

I see Malky mention at the bottom of yesterday’s update that he is going to be interviewing Simon Thomson soon. Maybe this is RKH starting to engage with media a bit more and spread the word that things are beginning to happen? It would make sense, frankly the share price has got to start rising soon or the company situation versus valuation is going to be ridiculously under priced.

@Blue Defender, I’m sure that story is similar to many of us here. I bought and sold but then bought more around the £3.50 mark and bought a few more on the way down “it surely can’t go below this…oh!!…”.

Like you, I’ve bought a lot more down at these sort of prices so the break even price a lot lower now. The years spent watching this has been grinding…it has often been said before “but this time next year”…maybe..?

Volume is up…

Are we going to break through the 14 p barrier today…?

Broadly speaking I’ve found that timelines and cash solves these sort of problems. What doesn’t is having more staff and no definitive timelines. FIG could have spent a fortune, maybe they did, on previous hot air from Premier. They presumably have a punch list of what needs done, they probably know it’s all been done before in other regions, they probably have the phone numbers of the consultancies that can get drafts to them of the required legislation in short order to be reviewed and then put in place.

None of this is new, it’s all been done many many times before. Take document, write FIG at the top and change the signature name at the back.

Done…

To those into charting where is the next difficult bit for this share price to rise through? 1.1m volume today, highest close for a month, hard to see it stay under 14 p for long…

Like many I’ve doubled down on this share so I’m a few pennies away from breaking even, so near but so far..!

What are our hopes right now? 13.6 p rather than 13.4 p?? The SP has been in a tight price band for a while now…I’m not sure if I’m that bothered if it goes up or down…as long as it does something…

So 14p threshold…we meet again..!

I was surprised to see that Navitas’ share price has slipped a bit over the last week or so, any reason or it just taking a breather..?

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?

Can we break the elusive 15p barrier though? Volume is high…

@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

@OscarIndiaLima

Having spent sometime contemplating your post I feel that £25 would be an acceptable return…

Oh, 11p…see how it goes today.

GLA…

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…

Note: apologies for typos, on phone…🙄

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…