George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
New presentation updated 25-04-22. Apologies if it's been around already but the first time I've seen it.
https://rockhopperexploration.co.uk/wp-content/uploads/2022/04/Rockhopper-Corporate-Update-April-2022-protected.pdf
BI, I think it's a bit like the jury retiring to consider a verdict. The deliberations are finished, no more evidence can be submitted. The tribunal must now decide guilty or not guilty and if guilty what if any quantum to award.
Timeframe 120 days
FT have updated the RKH II’s on their website.
https://markets.ft.com/data/equities/tearsheet/profile?s=RKH:LSE
Disappointing to see Aedos have sold their complete holding. I guess that 12m sell that went through a few weeks back was them.
RNS said "The Tribunal anticipates that the proceedings will be closed in the next few weeks." on the 28th March.
A few weeks to me is 3-4 which is now. Granted the ICSID have not been true on previous deadlines.
I have seen some awards have been given just a week after closure, some a couple a months.
Another positive is cash at 31st March of 3.9m USD. Was expecting significantly less. Cash at 30th June 21 was 7.1m so would assume enough cash for another 9 months. Should OM come in for a moderate 30m then should last till first production.
My Stockopedia account shows a new position from Craig’s Investment Partners and an increase by the Bank of Singapore. Small amounts but better than nothing.
Also note RKH website updated 30th March and Rab and Aedos still in the game.
https://www.bbc.com/mundo/noticias-internacional-60949436.amp
Interesting read, you’ll need to translate