The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Is that true?
I read somewhere that such trades indicate nothing of any significance and that the various meaningful interpretations are merely people trying to read something into what amounts to nothing.
I'd love to believe such trades mean something, rather like objects left on the pavement (or on the driveway) outside certain houses to indicate they are good to burgle. Anyone know? If so, what is the code?
Who the hell are you Finley? Juvenile, just come here to stir things up a little?
Well, you just carry on making a fool of yourself, broadcasting your ignorance, while we get on with the grown up stuff.
Finley 1 says: "I don’t think your get all those millions promised".
If you're referring to the full OM award, plus accrued interest, don't you realise that the award has been sold by RKH for an agreed sum, subject to FIG approval?
Do you know what you're saying?
As for lack of announcements, agreed it is very frustrating, but I suspect Navitas are keeping the lid on things and maybe HMG in the background too, until the time is right.
We have had far too many announcements in the past (mainly from PMO) that came to nothing.
I'd rather have silence than misleading rubbish from those who feel the need to say something, when there's nothing, or not much to say.
The Italians are renowned for their dodgy attitude to compliance with unfavourable regulations, so RKH, K&S and Harbour were more than well aware of what they were dealing with, when they initiated this in 2017.
K&S are considered one of the very best in their field in the World and Harbour will want their investment returned with serious interest.
K&S must already have lined up suitable candidates for enforcement seizure once the ad hoc committee has announced its decision.
So I think your comparison is not a good one.
Dodders askes: "What can I do to make peace?"
How about being quiet just for once and leaving us all to discuss RKH, SL, etc. You will be allowed to listen, as long as you promise to shut up.
PLEASE, just go away and stop your incessant whingeing - as covgaz posted, that would be a good start.
What's your overall average Godders?
Whatever it is, that many shares must have cost a lot. As they are not in a nominee account, they can't be in an ISA.
So if things turn out as we all hope, you're going to be absolutely shafted for CGT, so nota particularly well planned investment.
And don't reply by saying you could sell them in small amounts annually. Two things:
1. at the greatly reduced CGT allowance, you'll be long gone before you could sell that lot without CGT.
2. what happens if there's a takeover? You won't have the choice then.
'Seems like everyone here is saying "come back next year"'
No they're not, idiot. Just saying that it'll happen when it happens. So far Navitas have shown themselves to be very competent.
As I said earlier, an FID announcement earlier than anticipated could cause a funding issue for RKH, which you're probably too thick to have understood.
In the mean time, go and sit in the back seat where you can continue to call 'are we nearly there' without bothering the grown ups.
Godders, statements like 'The OM appeal hasn't even started yet!' only shows that you haven't a clue what you're posting about.
Maybe you do have millions of RKH shares, but if you do and continue to demonstrate a total lack of understanding, you must be one of the greatest Wallys ever.
The whole RKH / SL / OM award matter is complicated and you regularly make statements indicating you have only the most superficial idea about it all (if any).
I think you come here for some weird narcissistic attention, as you clearly haven't a clue about much else.
Also, if FID is announced too soon, RKH will have to find some extra cash, while still awaiting the Ad Hoc committee's annulment decision which will release the bulk of the OM award payment from the new owner (assuming FIG have signed it off and the Ad Hoc committee reject the annulment request).
So sit tight Godders - rushing this one would be a potentially bad idea, despite the endless waiting.
I believe LTT's version is more likely.
BOR going ahead, while remaining as it is, would probably end in disaster, even if by then much of the infrastructure would have ben put in place, courtesy of Navitas/RKH.
Just like RKH, BOR don't have the resources, but they do have the licences.
I'd prefer to see an RKH/Navitas-led initiative, where all those involved already know the situation, the contacts, the problems, etc., and can get Darwin going, though perhaps with a different partner?
As for BOR trades, the trade volumes are generally bigger than for RKH, but at 2.5 to 3p/share, you can get around 100,000 and hardly notice it, which for the same money would get you about 20,000 to 25,000 RKH shares.
Good points and totally crazy. As well as all sorts of unforeseen events along the way, many investors have abandoned oil & gas for such things as renewables, Google, Apple, Tesla, generative AI and REITs. Some may return to oil & gas, but perhaps not in such numbers, at least at the start.
Regarding the EIS, or EIA (whichever you prefer), assuming Navitas are reworking the PMO EIA, that was an absolute monster document, so not surprising it is taking time.
As for getting SL into production, it looks as though the initial phase could be relatively small scale, but generating enough revenue to start funding project expansion and thereby increased revenue (and tax for FIG), plus credibility to make sceptical observers realise that this isn't a remote stranded asset with hostile neighbours, but a real opportunity to join a potentially massive new oil & gas region worth $Billions.
As far as FIG are concerned, they don't really need $Billions to bolster their reserves per capita substantially, so a slow(ish), but quick and certain start, with potential for lots more to follow, is not unattractive.