Member Info for Ovets

Sorry folks to have dragged us all off along that "racist" detour, but what I was really driving at in my original post, with regard to Argentina and their approaching elections has similarities with what Muzzle's referring to here about Russia.

Russian economy is pretty precarious and very dependent on oil/gas experts. The Russians have a particularly historical fear/suspicion of foreign aggression, after centuries of having to survive, so Putin uses this to maintain control, much as Galtieri did in Argentina, when their economy was going down the tubes and it looked as though he was about to be toppled.

It's an age old trick, but seems to work, and that's what I was alluding to as an approaching risk to peace and quiet in the FI region if Macri hasn't managed to please enough of the masses later this year.

Cheers Much - I deliberately used "English" rather than "British", because I'm less sure about Scotland, Wales and Ireland, but my sense is that xenophobia is alive and well in parts of England.
I'm married to a "foreigner", who has lived here far longer than where she came from.
Until 23/6/2016, she said she really felt "one of us", but since then she says she now feels "one of them" to the point that she speaks very little when out and about, in case someone detects the accent and asks: "where do you come from?" which previously seemed an innocent, interested question.

Looks to me Fudd as though you ARE hyper-sensitive, or you're looking for an argument, or deliberately misinterpreting my post.
As a "white English", I think I'm reasonably qualified to use the term and I'm regularly embarrassed by the pompous, superior attitude to foreigners expressed and demonstrated by some of my fellow "white English".
Thankfully, there are plenty who aren't like that, but there still seem to be too many who dream about "the good old days" (presumably when "foreigners" did the nasty jobs, for little pay, they didn't want to do) and there are certain parts of the UK, especially in England, where xenophobia not only survives, but thrives.
Brexit seems to have given these people the licence to come out of their holes and express their unpleasant, unsettling views.

So yes, maybe it was a bit racist after all, but said about those, mainly English xenophobes, who regard foreigners as inferior.

I did think that if 28p is considered "ramping", then we might all just as well give up now!

Don't be so hyper-sensitive Fudd and as for Ollie, crawl back into your cheese. This has nothing to do with racism and those who say it is are either hyper-sensitive, or trying to make an argument where none exists, or was intended.

I'm merely saying that from our comfortable, prosperous UK perspective, it could be wrong to interpret the political and cultural activities of another region, this time Latin America, in our own terms, rather than trying to understand how the region and its population "ticks".
In this case, what might be the outcome of the forthcoming Argentine election and how that might affect the FIG and its activities.

What's racist about that? Are you just looking for something to argue about, when it seemed this BB was beginning to settle down?

It's quite important not to judge the goings-on in the region from a white-English perspective, as one would be likely to come up with the wrong answer.

Macri has been doing just about OK, considering the absolute mess he inherited, but from the peoples' point of view, it hasn't been great, with inflation, a creaking economy, and austerity in an to attempt at a recovery, which hasn't happened so far, although that would have been a miracle in less than 4 years.

It's likely that the awful Cristina will stand in October, but no idea what her manifesto will be and whether the masses would really prefer a return to her style, when they look at their Latin American neighbours and how they're fairing..

Definitely something to keep an eye on and as I posted earlier, a potential cost to the FIG, having to augment its defences.

Working together with a friendly Argentine government to exploit their oil/gas reserves, would be a much preferable option, as that would provide the FI with resources that otherwise they'll have to provide for themselves.
However, some may argue that might be the best option, because if the FI become too dependent on an unreliable neighbour, that could spell disaster further down the road.

Yes IanAA, agreed and like Brexit itself, none of us can be sure what's really going to happen until it does, which is why SL FID and sanction will be quite a leap of faith, but probable.

I've always included in my posts warnings about the PoO and the political situation in the region and not just Argentina, although that's the most important.

Nigoil, like you, I've also been studying this, but since the Falklands War, when it was very quickly obvious what it was REALLY all about. OK the sovereignty of the islands and the islanders was an issue, but it was really about oil and don't forget that in 1982, the "oil crisis" wasn't all that long ago.

My first "opportunity" was in 1999, when I bought my first shares in FKL (as it was then) for around 60p. I'd always remembered that in the gold rushes around the World, it was the sellers of shovels and wheelbarrows who made the guaranteed profit.
I only topped-up when the sp dropped and I now have a very healthy holding of what is now FIH Group shares, which even pay a dividend.
I'm reliably informed that Falkland Islands Company land is going to provide locations for some of the inevitable oil support activity, which will be necessary long before first oil.

So, like you Nigoil, I'm in very little doubt that this is going to take off and Brexit might even help to make the FI region even more important.

Phew, glad she survived you and the cat!

Y-a, when you put it like that, it makes you want to cry.

At one AGM, I challenged Fiona about the Eirik Raude debacle and she was insistent that it had been a great success!

BTW, what happened to the budgie?

Yes Much, I've little doubt they'll have to pay eventually (assuming there's any award), but it might just take a bit longer than the super-optimists believe.

In my experience, they all had to pay in the end, but sometimes I had to send in the bailiffs.

I've taken a few cases to court and won every one, but one big issue is always that if the defendant is the sort of person you have to end up taking to court, they're usually not the sort just to roll over and cough-up without a bit of wrestling match.

That's the Italian state, who we now hear has over £2Trillion debt, so actually getting any money (assuming we get anything) could be the worst bit.

Don't wish to put a damper on things, but my neighbour, who's a bit of an expert engineer, says he's got nuclear fusion to work in his garage.
Should we be worried?

We're all hoping for positive news from Egypt, but the danger is that some seem to be assuming it's going to be good.

I hope they're right, but until we get any news, I think it's sensible not to count too many chickens, as the after-effects of any bad (or even bland) news could be quite painful.

Yes, and I suspect some are placing bets today on news from Egypt tomorrow morning.
If that doesn't materialise, they're likely to take their money out, placing their bets elsewhere until the next likely RNS date, which would be in a week's time.

However, RKH and/or PMO could catch them out with an RNS announcement on, say, Monday morning, so my advice right now would be to hold.
I consider myself to be quite happy to take a risk, but to sell now on today's rise (and with the sp where it is) might be a mistake, unless you've got to sell.

No, the claim hearing starts in "early Feb" (TD's words), but the outcome and any award won't be until "the middle of the year" (TD's words).

If RKH wins and is awarded anything, no doubt the Macaronis will try a few schemes to avoid/delay the payment, so I wouldn't hold your breath just yet.
The good thing, however, is that if RKH loses (pretty unlikely), then we just walk away without incurring any costs, but of course, without have gained anything either, which is why the sp doesn't reflect this action.

Maybe because Thursday is usually RKH's RNS announcement day and someone's placing a bet in the hope of some news, such as drilling update from Egypt?
Doesn't look like concerted insider knowledge, as that would probably have been growing from earlier in the week and by now be rather more than just a 1p rise.

Mogger, you're clearly much more patient than I am and more polite, which I really respect, but Ralphybabes really is an awkward devil, who frankly needs a kick in the nuts (assuming it's got any), so hope you don't mind if I take it behind the bike sheds and give it a right Royal bollocking!

Ralphybabes, you wrote: "So, we will have to achieve a RECORD breaking EF , several times their current record !", so that's it.

You can stop back-peddling, 'coz we can all see right through you.

FFS Ralphybabes, if you really want to make yourself look an even bigger tit, then carry on as you are.

You can't even read properly and then you misquote stuff as though it's a fact.

No wonder you got in a trance for 92p and lost your savings!