Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
You’re talking nonsense again Godders. The “material obstacle” for FID is finance and that’s what Navitas are working on. You are fully aware of all the minor bits going on in the background as LTT pointed out but they are not material news worth putting in and RNS. You criticised PIerre Jungels for being overoptimistic and now you’re criticising Sam Moody for not getting ahead of himself. I think you just like to whinge no matter what. There are plenty of CEOs on AIM who will shout from the rooftop about immaterial news and I for one am pleased that SM is not one of them.
Once material news is available it will be announced via RNS. You might not believe that Navitas can achieve FID by the end of the year - you might be right and you might be wrong but let’s see. You won’t be disappointed either way if you don’t think they can do it.
I shall stop engaging with you now because I think your true motive is to seek attention and disrupt the board which is a bit sad but such is life.
No Godders, you are just being childish. Your incessant posting of these new subject lines is proof enough of that. Negative commentary should be encouraged if you have a valid point to make but you’re just repeating yourself with pointless posts which add nothing and clog up the board.
You know full well that it’s not in the hands of RKH whether or not FID is this year or next and they are as reliant on Navitas as everybody else is.
So once again, why don’t you give Navitas a chance to do what they have set out to do, and it that doesn’t happen then you can have another whinge at them in a year’s time.
In the meantime give it a rest because you’re boring everybody else as much as you must be boring yourself.
Time to grow up.
Why are you so childish Godders?
In all seriousness, to those complaining about lack of news and share price movement, Navitas have nailed their colours to the mast in terms of timescale. I know RKH had a bad experience with PMO’s false promises but PMO are not Navitas and surely they should be given a chance to prove themselves.
They’ve set ambitious targets including FID this year, so why not wait and judge them on that? If we get to this point next year with no FID then by all means whinge and complain on here. In the meantime why not let Navitas have the chance to prove themselves?
Why are you entitled to complain? Doesn’t that just mean you bought at the wrong time which is your mistake?
At some point in the not too distant future I would expect volume to pick up significantly.
The current 3 month daily average is 800k shares and I would guess the share price has averaged roughly 11.5p over that period.
That’s about £92k per day, £460k a week and £24m per year.
Let’s assume first oil is about 3 years away (all being well and allowing for a slight slippage), if it carries on at the same rate only £72m worth of shares would be traded prior to first oil (less than today’s market cap).
Bear in mind on an exploration result RNS that sort of figure would be traded on a single day.
I don’t think the bigger players who might want a piece of the action can wait that much longer if they want to accumulate a reasonable holding before first oil.
Thanks jocko - appreciate you providing info from the FIs.
Yes it is although it doesn’t affect Rockhopper’s case.
Agreed. If only we could bring back the old iii board.
My suspicion is that Navitas have known they can secure finance since they took over PMO’s share of the licenses, and what’s happened since is more about adjusting the field development plan to make the project as economically attractive as possible in order to get the best finance deal possible. It’s more a case of getting the best finance package rather than whether they can secure one or not. The smaller up-front spend suits Rockhopper very well too.
Both the Labour Party and Conservative Party need to be destroyed. These clueless politicians are going to ruin our energy industry with this shortsighted nonsense.
EPL on U.K. oil & gas profits extended for another year until 2029. They really are going to drive our energy industry into the ground - clueless politicians and they won’t realise what they’re doing until it’s too late.
Make the Falkland Islands even more attractive for me and thankfully the FIG are trying to get their energy industry off the ground rather than end it.
Perhaps some large background orders at play.
Many thanks Mogger.
Exactly what we wanted to read.
Feels like it’s finally happening.
All about the finance now which is something the Jews are very good at.
C’mon the Rock.
That was distantvoices’ wife Mystic Meg!
Don’t forget videodawn’s twigs. He’s still posting here with a different name now (although he keeps leaving and coming back!).
Credit where it’s due RKH sold those Egyptian assets and UOG shares at the right time!
https://www.madamasr.com/en/2024/03/06/news/economy/long-waited-devaluation-arrives-value-of-egyptian-pound-falls-to-le45-in-hour/
I think The Bear is referring to Big Ted Roach and TheMightyBoro.
Yes I do remember them all.
bankmanager was LSE’s version of gclark25 (genuinely in the know and not a fantasist like certain people!)
I remember you Boro. There was a certain energy about the Falklands oil dream and the investor community who got involved in the years just before and after the first discovery. Something I’ve never seen before or since, or with any other share. Hearts over minds for sure. A terrible way to invest with such sentimentality but I know exactly what you mean and I felt the same. Let’s hope it finally pays off for those who’ve been around for so long and it would be great to see more old faces return if and when things start moving again.
We’ll see Antiques of Woodstock posting from his ecohome in the south of France next.
TopDrive, now that is a blast from the past. Good to see you here too.
Looks like the band is getting back together!
Good to see you posting and hope all is well in North Wales.