Member Info for Phil164

I suppose once again patience is the key, we will find out what ADB intends, I must admit my mind would be in a very different place on this share were it not for the presence of our new investors, the one worry I have is that they might try a takeover at a rockbottom price, having been here so long if my shares went for 10p without me having any say I would not be happy.

I wonder what sort of amount a low ball offer would look like.

Falky, you are doing again exactly the same thing and why people have turned against you on other boards, we now know your opinion, there is no need to restate it. Why not just take your own advice and sell, you really do let yourself down with some of your posts.

Well by my reckoning they now have funds through to 2025, but for me the significant thing is the Newlands buying in to the tune of 600k and ADB not moving, anybody can read what they want into this, I have made my judgement.

First to admit I dont really follow Argos, I have a very small holding there, but can someone explain how if this is good news for Argos the sp has gone down to 1.25p bid?

The next update will be when the low capex development study is complete, they may well then reveal more about discussions, but this lot have always been tight lipped.

I have a lot of sympathy with your view Anth, a part of me feels the same, to me though there is one positive with the cash raise, that is the fact that they have secured the backing of another significant private investor to the tune of about 600k, these people dont tend to throw money away for no reason, it gives me some cause for hope, although we are now in the endgame, if it doesnt happen in 2023 I dont think it will. This remains the ultimate all or nothing play.

I am not certain but I think the FIG has done a review this year into the whole economic strategy for the islands, obviously including oil and gas, that may be part of the reason why only 1 year extensions were given last year.

One thing I am now fairly certain of..........if it doesnt happen in the next 12 months for this share, it never will.

The fund raise changes little, this is still a binary share, if they get any sort of development, or sale, the fund raise will be forgotten.

Well Happy, 190m ward for RKH and still an sp under 10p.....who would have thought it......now shall I post that on the RKH board?

For me the interesting thing now will be to watch what our recent 7% shareholder does.

Nothing has changed for me, whichever way you look at it this is a much better bet than it was even a year ago....and our new 7% investor hasnt sold......I was happy to hold then and I am happy to hold now. ATB to all long term holders.

It will be interesting to see where this now goes, what surprises me is not the challenge...which must have been 100% expected ...but the timescale of up to two years, surely the board should have anticipated this.

2000 metres according to the Borders website, although there is an obtion to moor an fpso in nearby shallower water.

Forgive me happy but you dont sound very happy, maybe its meant to be ironic, everyone on here is now aware of your view, you are not invested so why are you still here arguing?

So Happy was that latest post also an attempt to educate and help people or has your altruism morfed into trolling? Think you need a hobby.

You both appear to have way too much time on your hands....You have that in common it appears....lol.

Hello stepptoe, nice to see you posting, everything is fine with me, hope all is well with you also.

Overall, this update said pretty much exactly what I hoped it would, if they had said there was still no interest it would have changed the landscape drastically.