focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Thenorseman: Agreed Sam is poor at promoting NFB. He lost our IPO investors as his JV with Premier was a blunder. However, he executed the capital raise with AEDOS and perhaps with other investors that already know Navitas. He has had the confidence of our voting AGM shareholders throughout his tenure. PR is not his skill set. NFB needs PR. How would you solve for that?
Patience
Ref your comment "Sam must carry the can". He always does. He always has. He comes up for election every year. He has done well for Rockhopper this year.
Rockhopper is less about this CEO or Board. More about the geology at NFB.
Patience
No E&P share price reflects energy fundamentals. Expect a +25% Rockhopper share price return on thin volumes in 2024. Wait until first oil for true share price. Look at NVPT up nearly 3x on Shenandoah.
Patience
Between 25p to 75p all stock
Jon Wood turns 63 this year. Ian 57. Sam 54. All the three are at retirement. Many retail PI shareholders are aged 50+ if not more. Navitas is at a 52 week high upon Shenandoah. Another 10% from here and NVPT will be 3x of its March 2023 share price. I hunch investors who knew Navitas have bought Rockhopper in the placing. These people control the vote, easily 95%+ Navitas will build a lot goodwill with FIG with the FID this year first oil by 2026. HMG doesn't care about Sea Lion. The 35% that we have is too precious. A friendly takeover from Navitas for cash or stock is possible before first oil or before phase 2.
Patience
No M&A required for now.
BOR soon to be moribund with that new CEO.
The main thing is to keep the main thing the main thing. Sea Lion.
Patience.
Thenorseman: Sam executed the capital raise. He has de-risked Ombrina Mare. We have 35% ahead of FID. Sam deserves a pat on the back sir.
Yes, the JV with Premier was a blunder. So what if Rockhopper has no credibility left with new institutional buyers? Our oldest significant shareholder owns 8%.
We are still the best share for exposure to Sea Lion. New Israeli money that knows Navitas will want to buy Rockhopper.
Many other E&P are moribund if not dead.
We have survived.
Keep posting about the FPSO & subsea options. They are informative for all.
Patience.
Pre2rcd : New money buys AI chip or Search Engine companies. New money does not buy Oil or Energy. New money does not buy RKH. This share price requires a new institution to buy a 3% block at a higher price. RKH has no credibility with the institutions yet. That JV done with Premier was a grave mistake.
Mispriced at 11p when the FID is guided for 2024.
Wait for first oil.
Patience.
There is no information yet on the size of the upcoming bond issue. Depending on pricing, I will expect it to be NIS 500 million +
( Compare - the NVPT.C bond at NIS 330 million had helped to finance Shenandoah )
Mispriced at 11p given the news flow
Patience.
Https://maya.tase.co.il/en/issuance?view=upcoming
An upcoming bond issue has been published by TASE
NAVITAS PETROLEUM, LIMITED PARTNERSHIP
Possibly this is for Sea Lion
Patience.
The EIS approval is up next. Although it may not change the share price or daily volumes. We live in a blind world that is dangerously concentrated in a tech bubble.
The Energy Sector is mispriced.
Patience
Https://www.westwoodenergy.com/news/westwood-insight/westwood-insight-harsh-environment-semisub-market-sells-out-dayrates-approach-500k
Navitas will need a harsh-environment semi-submersible drilling rig for the development wells. Does anyone have an informed view on availability?
Patience.
Straw Poll
At what price will you sell your RKH shares?
"Navitas doing all the work for him project wise so at least he could spend some time pitching it to possible investors?"
1) A new investor will want 3% and nobody offers 20 million Rockhopper shares.
2) Rockhopper may not (yet) be eligible. Reasons - Market cap, Available free float, pre FID etc
3) Investors will not pick up the phone to Sam because Sam has no credibility left after his failed JV with Premier.
4) Sam agreed 35% (in tough times). Sam has de-risked Rockhopper. His life's work is now done.
Yes, Navitas is doing all the work. Gideon will deliver first oil in 2026.
Mispriced.
Patience.
"Sea Lion roars: Falkland Islands’ first project picks up speed" of 30 Jan 2024 is prominent at the Navitas Investor Relations page.
Patience
Pre2crd : All the flippers will have lost their shares by now. It is time for the RKH price to reflect news. Been a while.
NVPT has touched a new 52 week high 3500
Patience.
"what would be the expected dividends per year"
This is not a dividend payout company.
Patience.
"The big money is not in the buying or the selling, but in the waiting.", Charlie Munger.
2035: £25
Patience
Good to formally know that UK will not guarantee. FIG can slash the royalty as they can't help with financing.
Israeli money can finance Sea Lion. Israeli markets financed Shenandoah.
Patience
NVPT closed at the 52 week high 3,393.00 yesterday. Until new institutions buy into RKH, the RKH share price will remain as is. After years of that fruitless JV with Premier, sadly RKH has no credibility left with any institutions. News does not help share price (yet). Wait for first oil or takeout. Mispriced. Cheap given the news.
Patience.