Member Info for pre2rcd

One positive is JP Morgan appear to have started up a position.

JPMorgan Asset Management (Singapore) Ltd.
AS OF 02 APR 2022
2.54m 0.56%

Why we don’t get a TR1 notification is frustrating. Same happened with Majedie

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.

I'm interested if anyone bought in the RNS on Tuesday or have we all already exhausted our finances on RKH?

LTT, I think they will close proceedings without disclosing who has won or lost. When they make the award (which I believe is the decision) then at the same time they announce, if any liabilities relating to it.

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.

I feel it is highly sprung,

Quite agree Buzz. Could get firm offers for large amounts to sell but not to buy. Think someone is trying to accumulate without pushing the price up but will have no choice soon.

Unfortunately can't seem to copy any text to translate Mogger

1.7m at 24th Jan

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.

I haven't been able to get a fixed price to buy for the last few days now, whether that's my broker getting ****ed off with me doing dummy orders or lack of shares.
Able to sell plenty though

Cannacord just upgraded us to Buy from Speculative Buy and up to 22p.

However they are our nominated broker so wouldn't read to much into it.

Nick, if we have to do a placing which is qute possible. I think we would need about £20m to see to first oil.
If at say 8.5p a share that would be 235 million shares!!

https://www.bbc.com/mundo/noticias-internacional-60949436.amp

Interesting read, you’ll need to translate

Latics, I will be selling a some at 10.5p if it reaches there as I need the cash.
Some will be in for a quick profit and will sell but I’m sure the vast majority are looking for a much higher price

We were close to 10p on the offer towards the close. Someone was happy to off load quite few shares at 8.88p but by 4pm the limit orders had been filled and the MM Wins was the next offer at 9.5. A few more buys may have seen a gap up to 10p.

Was expecting another 2 month delay so will take 30 days. Agree with Spacehoppa though, don’t think Navitas or FIG will agree unless RKH can prove they have funds to last until first oil

Spread has narrowed considerably, order for 106,729 on the bid.