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'Unlisted shares qualify for IHT relief so it follows that RKH shares should qualify'
Only certain AIM shares qualify for IHT exemption and I believe oil/gas exploration companies do not.
Better check - the ultimate authority in which do or do not is HMRC, who are very unlikely to answer an individual's question, although you could try.
For those who aren't sure, warrants options for RKH shares from last year's Open Offer, held in an ISA, could only be held in that ISA for 30 days, after which the broker will move them into a normal trading account. If you didn't have a normal trading account, most brokers would have opened such an account for you, where you will find the warrants listed, with zero value. That will have happened last year.
If you wanted to take-up the warrants option, at the time of the Open Offer last year, they cost 9p each (as they still do), whereas the RKH sp was around 7p at that time.
If your objective was to make money, you'd have bought any additional shares you wanted for 7p. If you wanted to make a generous donation to RKH cash reserves, you could have exercised your warrants while they were still in your ISA, but that would have cost you 9p and you would have been limited to the number of warrants issued to you. Some may have done this (in order to keep the converted warrant shares in their ISA), but I can't imagine many did.
Where we are now: Any un-excercised warrants will be held in normal trading accounts, not in ISAs. Even if Navitas walks away (very unlikely), the RKH sp is probably underpinned by the ICSID award being paid eventually, so the warrants currently offer free money, which is likely to increase before they expire on 31/12/23.
Any profits gained from your warrants may still be tax-free, assuming you don't exceed your annual CGT allowance, so not much to moan about.
Just keep calm and make sure your broker does as they're instructed.
While it's definitely another positive step in the right direction, it's nothing to get too excited about yet.
If RKH do decide to sell all / part of the award, this just increases the sale value a little bit.
I do think the moaners need to remind themselves that we're arguing over trivia, while waiting for far more important news from Navitas.
18 months ago, the same moaners were saying there'd be no award at all. Look how wrong they were then, if we're now deliberating how much of €250M (or so) RKH is going to get eventually.
"i excepted to me ****ed off but didn't see the viscous remarks, surly you are being a bit nastily at this time.
try to hold yourselves together, stop copying each other and have some respect to a fellow holder of these crap shares
i realize you are all bitter but don't take it out of me lots of love to you all"
Crikey, this post must have been written by Officer Crabtree from Allo! Allo!
I don't know if someone's employing you guys to create panic in the RKH shareholder henhouse, but you're too late - Sea Lion's not 'going' to happen, it's already happening.
BTW, pigfase, did you intend that to be 'pigface', but you just can't spell (e.g. cleaver)?
Bonefish, you've made a lot of statements, but haven't substantiated any of them.
How about you substantiate just one, so we can see if you know what you're waffling about, or if you're merely the scammer that DeusExMachina suspects you are.
Let's just look at one of your points: RKH never extracting the ICSID award from Italy. I think you make a good point about Italy - notoriously dishonest governments led by the likes of Bunga-Bunga Berlusconi, which of course is why RKH are employing the expertise of K&S, widely regarded as one of the best in the World and funded by Harbour. Now experienced experts like that wouldn't pursue such a ludicrous claim (as you suggest) if they weren't pretty confident they were going to win AND get the money, would they?
Maybe they were so stupid as not to consult with you first? Rather than wearing-out your fingers posting here, you'd better get onto K&S and Harbout first thing tomorrow morning to tell them what idiots they have been.
In the meantime, go away
It's OK to jabber endlessly here while we sit here waiting for some tangible news, but probably more productive to wait until we hear something worthwhile and in the mean time, get on with something useful.
I think we should have learnt by now that Navitas will only announce something, when they believe it's appropriate.
We know that things are progressing (because of the various posts that have been advertised and filled and then more jobs advertised).
Oil price remains reasonably strong and VERY favourable for SL to go into production.
Putin's war continues
Everyone's looking for energy security. We just can't survive without abundant energy supply, even though we all know that fossil fuels are bad for our health.
There's always a possible banana skin which could crash the project, but at the moment, I really cannot see this one not happening.
"So it doesn't really matter what the annulment panel do with the stay as it will be very difficult to gain asset seizures in courts whilst the annulment appeal is in process".
Agreed up to a point, but there is psychological value in lifting the stay, as that would be just one more step in the right direction for RKH and one less for Italy.
Also, if RKH were to consider monetising even part of the award, lifting the enforcement stay is likely to increase the sale value, even if only by a few percent.
So while unlikely that anyone's going to swoon over the lifting of the stay, RKH management and RKH shareholders should welcome it as yet another step in the right direction.
Remember that only 18 months to 2 years ago, all such issues, plus things like the TDF decommissioning costs, etc., etc., seemed insuperable problems, with RKH probably going bust before they could be resolved.
Decided, I assume you're an RKH.L shareholder? Correct?
If so, and having endured such appalling management by Sam for 10 years (your opinion):
- Did you contact Sam at any point over that period to air your concerns and make suggestions?
- If so, what did he say and what was your reaction at the time?
- Who would you suggest to replace him now and why (so we can all share your considered opinion)?
It's no good, when flying at 35,000 feet, suddenly to announce: 'I don't like the route we're flying, let's shoot the pilot', but not follow it up with at least some ideas.
Chess, you're missing the point.
Anyone who has had to go to Court, when dealing with someone who doesn't want to pay-up, will know that those sorts of people will try just about anything to avoid paying. I think we all get that.
The Italians (or at least quite a few of them) are well known for being slippery, so the point you're getting all high-and-mighty about is one that we all know and have known for ever.
The point Mogger was making was that, after claiming to have gone to all the effort of scouring "hundreds & thousands of ICSID arbitration papers over the last 6 years", when asked to produce just one example, your reply was "I do not have the time or desire to spend the many hours required trying to find the specific pieces" that would have supported your claim.
If the only mate you can find is Latics and then calling us "inbred weirdos", you just make yourself look even more silly.
Just came for a quiet Sunday read.
Chess posts: "Mogger, I have scoured,hundreds & thousands of ICSID arbitration papers over the last 6 years"
Mogger asks: "Why have you looked at "thousands "?"
Chess replies: "Mogger, I never said I'd looked at thousands of cases...that's just you 'Twisting' my words, I said I had scoured thousands of 'pages' not 'cases'."
No you didn't Chess, you said you'd "scoured,hundreds & thousands of ICSID arbitration papers"
You're unreliable and I agree with Henrygroucho, that you join the likes of Godders, Ralph and the other argumentative trouble makers.