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Award. Keep or Dump?
Jon Wood tells Sam what to do.
Patience.
Exit at takeout
Most efficient for Directors to acquire interest only either at capital raise or via the 1p options.
Patience.
Your planned holding period for RKH must be at least 25 years from the year of IPO. Birth to Maturity.
Expect Israeli Pension Funds to co-invest with Navitas.
For example,
https://en.globes.co.il/en/article-menorah-mivtachim-to-co-invest-with-navitas-in-energy-exploration-1001204955
Be patient.
Https://www.timesofisrael.com/study-investment-house-with-green-image-pouring-public-funds-into-fossil-fuels/
Be patient. Navitas will deliver.
Sell the Award at a deep discount or settle for lower with Italy?
Will the Board put a Special Resolution to Vote if they intend to sell the Award to a third party?
"We're missing investments across the entire commodity complex...", Jeff Currie, 11 July '23
XOM CVX are unloved. RKH is on no radar. So, wait a few years for share price.
FID hinges on Shenandoah in production. Q4 '24 earliest.
Safe to hold this share only as long as Sam is at the helm. Share price to be nearer 9p by December 2023. Allow a 6 to 12 month delay to the estimated timelines of Annulment and Final Investment Decision.
No 2023 Oil & Gas capital markets activity at Tel Aviv. Globes.co.il
Be patient.
Succession Risk
Sam is 53. Sam has served Rockhopper for 18 years. Sam knows history.
Sam has been a good steward.
Sam agreed Navitas in dire times.
Pay Sam very very very well please.
Award Sam a revised Base of £500k and 10 million 1p Options.
Rational to Sell the Award when cash is required.
Add 6 to 12 months for the expected Stay on Enforcement in US Courts to be thrown out.
Italy has refused to comply with the Panels instructions.
Expect Italy to apply for a Stay on Enforcement in US Courts.
DEM: 75% of RKH shares at under 50p is pocket money for Jon Wood. He didn't take out RKH in recent years. Even if he wants to now, you have no real defense.
All:
Sam Moody has done a stellar job. You cannot win against the Board. They will dilute you before the Vote. Calm down. Jon Wood will not allow a cheeky takeover.
Calm down.
Calm down. Jon Wood will not allow a cheeky takeover.
"...or that negotiations have failed and, in the latter event, propose concrete arrangements in accordance with the decision for the mitigation of the risk of non-recoupment. Italy may then briefly comment on Rockhopper's proposal within 10 days..."
Get going on the enforcement in June.
The true value of RKH is the future takeout price per share. Takeout at sp 50p? 75p? £2? £10? £25? £50? £100?
NVPT is up by more than 25% since their annual report. Compare.