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Thanks Latics for a full reply.
Maybe you should think a bit more before making some of your postings (e.g.: 'Bet your Mother loves you though'), as she recently died.
Agreed there is a dearth of information, but I'd rather that than the drip-drip-drip of info, from Tony Durrant, none of which came to fruition.
When Navitas announces anything, they really mean it.
And in any case, instead of spending your whole life on this BB insulting Sam (who I believe is doing OK at the moment) and us, if you spent a bit more researching (as Mogger and others do), you'll find that there's quite a bit of positive information out there, if you're prepared to make an effort, but I suppose it's easier and more fun, being negative here?
" MArk my words some sory of spanner in the works is coming"
Better tell Latics about this, as he's just exercised his warrants, thereby handing his money to Sam and the RKH Board to squander (or at least, that's what he keeps telling us).
P.S. did you mean 'sorry', or 'story'?
"Zero progress in 12 m is worrying"
Zero progress in achieving a monster OM award?
Zero progress in the accruing interest on that award?
Zero progress in fighting the annulment challenge by RoI?
Zero progress by the Navitas team in turning the PMO plans into a workable project and preparing for FID/sanction?
Zero progress in FIG's preparations for SL?
Or is it zero progress in the Godders and Decidedleaverage's joint investment account valuation, that you're referring to?
DL, you say "but if that is a decade away it doesn't help us".
Navitas were announced as operator only a year ago and they seem to be making dramatic progress, so where did your 'decade' idea come from?
As for "castigating negative posters", I have repeatedly stated that we need different opinions and disagreement for there to be meaningful discussion.
What we don't need is relentless, unsubstantiated negative comments like these:
So what are we paying Sam for ?
with Sam at our helm , I despair.
What galls me is Sam sits there in his country house living the life of luxury. I sense he himself doesn’t believe RKH will be a success.
Wait, so Sam is being paid for doing nothing?
Sam has been milking this since then … others have to earn a living.
Move aside Sam and let someone else try
Sam has gone into his cave and the likelihood of further fundraising seems to be growing.
Absolutely nothing happening same as previous 10 years including the fact that Sam collects his salary every month as Schitizen well knows.
We know that Sam isn’t going to tell us the time of day let alone how things are progressing ?
Neither has moved the SP yet Sam still gets paid handsomely. Imagine what he will be awarded at FID.
Mr Market wouldn’t Sam to organise a p**s in a brewery.
Can’t see Sam EVER getting this off the ground
Latics, that's a big part of the problem - calling fellow posters / shareholders morons isn't helpful, especially as we're all supposed to want the same outcome.
I agree with CTS about Navitas probably waiting until after the Argentine election, which is only a week away, NOT 'two or three weeks'.
If you can't wait less than a week, there's something wrong with you.
I reckon Navitas will only announce something worthwhile when they're good and ready and not before.
In the mean time, do you have any reason to believe Italy will meet any of the very stringent reasons for an annulment?
What upsets you about the astonishing magnitude of the OM award, growing by £1.25 to £1.5 / month?
What have you heard that indicates Navitas, FIG, or anyone else involved is starting to get cold feet about the SL project?
You just seem to enjoy being negative for the fun of it, which is really strange now that you have admitted to taking up your warrants. Doesn't make sense.
No Latics, your point all along has been to insult Sam as having been a greedy and incompetent CEO, and the last thing you'd contemplate doing is contributing any cash for him to squander.
But here you are admitting that you have taken up your warrants.
Now, either you are a complete ignoramus, not realising that the money raised from Warrants goes to RKH for their management to squander (as you would say) , or you are a complete hypocrite contributing to the very thing you have publicly stated you despise.
Which one is it?
Good one Marunam2.
I'm with HL and exercised my warrants quite recently and am surprised by how long it's taking.
HL staff were very friendly and helpful, so no complaint there, except that this process seemed alien to everyone I spoke to.
Therefore, I agree that, if you want to exercise your warrant rights, it's probably a good idea to get on with it, just in case of some delay by staff who haven't done this sort of thing before.
In my case, the money has been taken from the account, but no sign of any shares yet. To anyone else in a similar situation, don't panic if you see the money disappear, as this exercise is a very different process from the normal immediacy of electronic share trading, which we're so used to.
I totally agree DL, I reckon that from here it could go much higher than that at 1st oil.
So glad that we (that includes your pal Godders) agree on something.
BTW, I also agree with your statements about FID in 2024 - like you, I reckon it could be before the end of this year, but after 22/10/23.
Navitas aren't going to announce anything until after the Argentine general election, but then, who knows.
So good we agree on such important matters.
Not interested in what 'the markets' believe. I'm interested in what I believe.
As a non-shareholder, what are you and DL doing wasting your and everyone else's time here?
Godders, buzz off along with your alter ego DL and take that Latics with you.
Just to eliminate all confusion (e.g. stays, stages, etc.), this latest event (on 3/10/23) was about the on-going annulment procedure:
"October 3, 2023 Italian Republic files a Reply on annulment."
I think both sides have an opportunity to submit two such replies before the ad hoc Committee's final ruling.
This has nothing to do with the stay of enforcement, where the last ruling about that was:
"July 10, 2023 The ad hoc Committee issues Procedural Order No. 2 concerning the termination of the stay of enforcement of the award."
At least on lifting the stay, everyone relax and go back to sleep.
Stop being so childish Latics - you're the one who constantly attacks posters who don't agree with you, without ever trying to offer any supporting argument.
Just for once let's hear some supporting evidence for you incessant negativity.
Maybe because you, your alter egos LittleDog and Godders, plus pathetic sheep impersonations from Latics, aren't helping?
If I came to this BB for reassurance about RKH & Navitas and the future of the SL project, to find the endless childish and negative nonsense from you, LittleDog, Godders accompanied by Latics sheep impressions, I might put my money elsewhere, where those claiming to be shareholders post constructive comments.
'the Management or Navitas haven’t done a cheeky takeover. Something fishy going on'.
It's no good you doing your sheep impressions, Latics. What you're suggesting has very serious implications for us shareholders.
If you really suspect impropriety, with 'Management or Navitas' up to no good, then sheep impressions aren't going to help.
If you have any evidence for what you are posting, then you need to share it and mobilise shareholder action, if needed, but not making sheep impressions, especially about those, whose help you might ask for one day.