Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Apologies for posting this again but the last few days action has been a very typical "Tree Shake". See below article.
https://www.investorschronicle.co.uk/shares/2019/10/24/shake-your-market-maker/
Wednesday closed with a spread of 7.12 - 7.5, Thursday morning the MM's opened the spread at 6.8 - 8.00, 17.5%!
And it worked, scared people into selling so they could gobble them up. Next week should see the opposite!
L2 showed a block of 1,000,000 shares on Thursday / Friday at 8p but they got taken off before reaching that level.
They reappeared on Monday this time at 9p but again were removed. I think however they did get sold yesterday as part of the late reported trade and the few 200k trades from midday.
https://www.investorschronicle.co.uk/shares/2019/10/24/shake-your-market-maker/
https://rockhopperexploration.co.uk/wp-content/uploads/2021/12/Corporate-presentation-Dec-2021.pdf
https://markets.ft.com/data/equities/tearsheet/profile?s=RKH:LSE
Fidelity have dumped all their shares. I would think just due to environmental pressures at the moment.
Wood Mackenzie were warning years ago of lack of investment in new oil fields. It has only got worse with the pandemic.
Opec do not have the spare capacity they say they do. Soon crude is going t be in very short supply and Sea Lion will become very attractive. I believe it will get developed just can't gaurantee RKH will be around to see it!