focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Sam has done well to keep Rockhopper alive. What are your thoughts on the leadership profile that is required for the next phase of this company?
Patience
To "sit tight" is a great trait. Some of you may want to lose your holding when you see your cost price in the next few years. Sit tight. Don't sell.
Patience
Extrapolating the key events that happened with ref Shenandoah & Monument, I would expect a corporate bond "NVPT.F" to issue shortly after the Sea Lion FID is announced.
Patience
NVPT.B6 910 million NIS was ** NOT FOR SEA LION ** Proceeds are for 1) an early repayment of NVPT.B2 of NIS 726.5 million, 2) for Monument FID, and 3) for other general corporate purposes. Demand for NVPT.B6 was almost NIS 2 billion.
Only shows that Navitas can raise capital in Israel.
Patience
Trust Gideon & Ian. They execute. Trust earth to run out of the molecules. Trust humanity to demand energy. Make a Will. Stay healthy. Accept reality.
Patience
LaticsRule, Just saying that Rockhopper still has value as a very long duration line item. Sam blundered and his JV with Premier was wrong. Then, Premier erred with their execution plan. Expect no dividend if you are age 40+ years. See the share for what it is today. Can't do anything about what transpired.
Patience
Grow up. This is a public markets security. As a retail PI nominee shareholder, you cannot practically replace a CEO that has the support of 95% at the last election of directors. Only amateurs with a huge ego moan about the share price to get comfort. Still a line item for your Will and your grandchildren will thank you. Not one to spend for your generation if you are aged above 40+. Even Warren Buffet was frugal, you are merely an AIM shareholder of a company with a fair CEO and fair Chairperson. Enjoy the advent of spring.
Patience
The price impact of OM or FID will only underwhelm.
Until the energy "crisis" manifests.
Patience
NVPT.B6 is a Corporate Bond with market cap circa ILS.929mm or equivalent circa USD.250mm. See TASE
Can't find the prospectus so wouldn't know the use of proceeds yet, thenorseman
Proves Navitas can raise capital in Israel.
Patience
Get a proper grip over the planned holding period of this share. If you are aged 40 or over, then this share is not for your generation. It is a line item in your Will.
Patience
NVPT.B6 - the bond issue opens for trading tomorrow. Pat on their backs for execution track record. They can raise capital in Israel.
Patience
So the price here gaps up nearly 20% for someone to buy about 1% of the total voting rights.
The news flow ahead is only positive.
Patience
Possible that the upcoming bond issue is for the Monument FID and not for the expected Sea Lion FID.
I stand corrected.
Patience.
"delayed from initial timeline" may imply that FID is not 2024 and first oil is not 2026. Disappointed.
Patience.
13p by Dec 2024 but to £5 by Dec 2030. Need the broader O&G narrative to turn positive.
Patience
The FID need not have any share price impact on this AIM share in the current O&G E&P beaten down environment. If this share were listed in the USA, it would have attracted new money. Sam does not do PR as it is not his forte.
Wait for first oil
Patience
Helps tighter pricing for their upcoming bond offering rated ilA-
Patience
LaticsRule, I may want to request Sam to retire early, take care of himself, to live long.
Patience
The daily traded value here is less than a paltry £50k. Such sell orders of value above £100k have come and gone a few times in the past two years. These jumbo £100k orders do nothing to the share price. New institutional buyers are not there yet. Existing retail PI buyers have lost their spare cash in the capital raise. New PI buyers do not chase E&P yet.
Do the BED to ISA trade in April.
Wait for first oil.
Patience
"never recommend a stock to someone else, especially not a friend"
There must be many early Rockhopper shareholders who have lost friends. The personal cost of involvement with this share is very high. Life goals that depended on Rockhopper are in cold storage.
Sam has carried the can.
Patience