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Well Ralphybabes, if you're so clever and so certain that the Brexit vote was the right one and all those opportunities so great, why isn't it just falling into place with the Arch-Brexiteers, like Johnson, Gove & Rees-Mogg taking the reigns and showing everyone else how to do it?
Indeed, if you're going to post IN CAPITAL LETTERS, why aren't you telling everyone what to do?

The EU is certainly seriously flawed, but the trouble is that the promised alternative(s) seem no better and perhaps even worse.

We've discussed the shenanigans in Italy with RKH and the OM ECT claim, but the recent revelations about Mexico, in the El Chapo trial in New York, are something else.

That may help us to understand a bit more about PMO's strategy and it's intentions to monetise Zama, in order to concentrate on the FI region, where,hopefully, the politics are a bit more straightforward/predictable.

If I were TD, I think I'd be wanting to get out of Mexico as soon as possible.

Yes, thanks Fibonacci for that - looking forward to some more excellent posts like that, after what we've endured recently.

FFS Fudd, how many times do we have to repeat ourselves?
Are you doing this just to compare our answers, to see if we say the same thing every time?

Half!

TD did say "early Feb", which is fast turning into mid-Feb!

As we've discussed endless times, it's very unlikely that there'll be an out-of-court (it's not strictly a "Court") settlement, especially having come this far, as that would forfeit all the safeguards of the ECT and its enforcement regulations.

I think any claimant, operating on a no-win-no-fee basis, would be crackers to give up such safeguards when claiming against a state that is notoriously corrupt and has a £2Trillion debt pile - that's even worse than PMO!

Like the rest of us, on this one you're just going to have to wait.

No doubt that electric cars will eventually take over (assuming we haven't all blown ourselves to smitherines, one way or another), but a very long way to go yet and the electricity to charge them still has to be generated, with a reliable supply.

Interesting recent documentary about electric cars - the ideal user is town-based, with short journeys, low speeds, so batteries can cope quite well.

Trouble is, unless you live in a house with a driveway, there are real complications about how to recharge in most cities with virtually no kerbside charging points.
How do you guarantee to get a parking space outside your house/flat and even then, trailing the cable across the pavement?

In fact, many of those with electric cars were saying just what a bloody fag it's turned out to be and for long distance driving, the batteries don't last long enough yet.

Then, what about commercial vehicles?

So maybe oil's got a bit left in the tank!

Nigoil, without seeming to be a "clever clogs", I'm not going to publish some stuff here, given to me in confidence, as I'm going to meet the same people again and hopefully retain their trust, but I can assure you that stuff's going on that hasn't been published.
Now that doesn't guarantee anything, but gives me confidence that things are moving in the right direction.
It helps me to understand just how big a project this is and how long some things take, which some on this BB don't appear to grasp.

Much, I claim no credit for it - I heard it from reliable sources at more than one AGM.
Chatting to the representatives of the companies involved (always the most important part of any AGM),all seemed to agree about this and all seemed quite animated as well - i.e. this was a good news breakthrough, which would help unlock funding.

They also spoke about planning activity on the FI, with sites identified for the necessary support activities/services, so yes, a lot is going on, some in the background and no, Nigoil, not ALL of it's "out there".

Much - with respect about "your theory", I seem to remember saying in August 2018 that a very likely direction for PMO would be to sell Zama-1, once its true value had been appraised, in order to pay down debt and then concentrate on the BIG one - SL.

Interesting suggestion - has that been done elsewhere?

Also, Export Credit funding will have a huge influence on other prospective lenders.
Once HMG declares its hand, that will give enormous confidence to others - more than many on this BB seem to realise.

I think those numbers are pretty rough guesses and certainly not semi-accurate calculations.

I go more with Comertoes in thinking this is little more than a bet, having to live with the consequences if it goes wrong.

On the other hand, very compelling reasons for believing that the probability of FID is considerably better than 20% - remember that although sanction may well follow FID, I'd say the probability of that now is rather less than that of FID. However, that can change as the World's economy and energy demands become clearer/change.

As I said yesterday, I have real sympathy for investors who have got it wrong and like "rabbits in the headlights" maybe just sat and watched the sp tumble, not knowing what to do.

It's those that then come to this and other BBs, and insult/mock posters/shareholders that I have issue with and Ralphybabes is one, as is Gnomebrain, just because they're bitter and twisted because of their own incompetence at gambling.

If they made a mistake in their strategy, they have to take responsibility for it and not blame the rest of us, nor Sam and the BoD.

I'm not thrilled that it's taking so long, but let's say we somehow get rid of Sam and the rest of the Board and put in place people prepared to do this job (as one moaner posted), for say, £80k/year out of offices in, say, Watford, can you imagine what a bloody shambles it would be?
Stephen Phipps squeezed DES until the pips squeaked, while taking the whole thing over a cliff.

I don't like the capitalist idea that business leaders should take home £Millions + perks, while their staff earn minimum wage, or less, without any benefits at all.
However, in our case, our BoD has navigated RKH through some exceptionally and unexpectedly rough seas, coming out solvent, while many of its peers don't even exist any more.
For this, you have to pay the rate to retain them, or go to the wall.

Agreed, Much!

I spy with my little eye, something beginning with................................

Reprimand accepted, Sir!

However, if Nigoil and I are standing, chatting at the bus stop and Gary comes along and ridicules us for having a perfectly reasonable conversation, I'd feel within my rights to tell him to buzz off - after all, this isn't the first time he's done it.

I completely sympathise with long-term holders who haven't traded through the highs and lows and maybe feeling desperate pain as they watch the sp fall and fall and fall, perhaps not knowing what to do. But don't then come to this, or any other BB and ridicule/insult other shareholders/posters. We're not the ones responsible for their situation, nor for that matter is Sam or the RKH BoD.

As for recommending other opportunities with dividend earning potential, I did just that the other day and not a single person responded.

Gnomebrain, I've been here since 2006 and so far done very nicely, most of which is now in a considerable number of RKH shares at a very low average thanks to the prolonged delays - I even have to thank the derampers for making them even cheaper.
Oh yes, and virtually all of them are in equity ISAs, so if/when the balloon goes up, they'll be tax-free too.

So, how are you doing Gnomebrain to be so miserable?

Good posts, but I still believe that whatever has been said/done, St Helena airport remains a disappointment in its operational capability.
Yes it works, sort of, but it doesn't offer the reliable base/sanctuary for the larger aircraft for which it was justified and intended.

Nigoil, perhaps the most important military difference is that we have a military presence on the FI, which in 1982 we didn't.
I think the planning and approval for the St Helena airport project had the FI in mind, even though it's still quite a distance, in order to improve transportation links in that part of the World. Trouble is, it doesn't work as planned, because of wind problems (a bit like me at the moment!) and can only take smaller aircraft safely. Not sure if anything can be done to remedy this at an affordable cost.

Yanbu, you're quite right, but that didn't/doesn't stop them from using that argument if it suits them, particularly when the government has nothing else left to throw to the masses, which was Galtieri's problem. Macri is in a rather better position, but still not wonderful.

However, as Nigoil says, it's a different kettle of fish now and as Surfit says, not only was Philip Hammond there before the G20, but I'm sure I read somewhere that FI oil production was very much on the agenda in their preliminary discussions, really preparing the way for public announcements regarding SL sanction, which is why I'm so positive. A bit like clearing with your neighbour that you're just about to build a bloody great shed, hot tub and BBQ on the boundary, even though you're going to do it anyway!

Of course, at that time, we hadn't yet had the Christmas period PoO collapse, but that's recovering nicely now, although it should serve as a reminder to us all that anything can happen, just when you don't expect it - either way (i.e. good, or bad)!

Yes, Argentinean political activists have a convenient rallying point with what they describe as an old colonial power squatting on what they say are their islands.