Member Info for r1234

correct

It's the only blue on my watchlist at the moment. Maybe sentiment for this one has changed?

The RNS says 258Mbbls were produced in the month. Shouldn't that be Kbbls?

Nice rise :)

Inflation was below forecast, reducing pressure to increase interest rates.

How can the SP have been falling recently if Kuala Lumpur Kepong Berhad have increased their holdings by 4% of the total shares in issue!?

The spread this morning is tiny. Usually happens when there are large volumes, but the volume is also currently tiny? / Shrug

Two more director buys. £233K worth in total

750K bought at 9.3p?

5% divi, fair enough. But the SP would also need to rise by 40p to keep up with inflation. 5% of nothing is nothing.

Don't forget that inflation is 10%+ so the divi is actually standing still if not falling behind.

Continued growth, what is not to like.

The interim results are on the 2nd August.

Can't see why the greens would object to us using North Sea gas rather than Russian gas, with the added bonus of supporting UK jobs and tax revenue.

I think this has already been answered in your own thread of 24/06/22
https://www.lse.co.uk/ShareChat.asp?ShareTicker=RKH&share=Rockhopper&page=4&thread=D5A45F28-969D-4C27-ADF2-609DE5220204

In summary RKH may have to find around £35m which could come from OM.

"Zimbabwe's central bank has launched gold coins in an effort to help curb soaring inflation amid a slump in the country's currency.

The central bank's main interest rate was more than doubled this month to 200% after the annual rate of inflation rose above 190%.

Each coin will be priced at the international market rate for an ounce of gold plus 5% for production costs.

As of Friday, an ounce was worth about $1,724 (£1,435).

It will be possible use the coins in shops, if they have enough change, according to the governor of the Reserve Bank of Zimbabwe, John Mangudya"

https://www.bbc.co.uk/news/world-africa-62298319

From the ARG results today:

"A formal application for this Licence extension cannot be submitted before the Falkland Islands Government completes a review of its relationship with the oil and gas sector which is currently underway and expected to be completed in Q3 2022."

Presumably this review involves RKH/Navitas too, so we should get some FIG news in Q3.

From the RNS 17/11/21 Net Zero Acceleration Programme

"Growth-enabling dividend, paying at least £3.50 per share across the five years, comprising:
o completion of current RPI linked dividend plan to March 2023
o followed by a rebased dividend to 60p in 23/24 with attractive annual growth of at least 5% to March 2026"

Since that RNS I've expected the share price to tumble, but it seems to be defying gravity. If I understand that correctly, that the annual dividend will be reduced to 60p, I'd expect the SP to be around the 1200p level (giving 5% yield). The current SP says I have it wrong. The SP was around 1650 at the time of the RNS. I'm on the side, waiting to see how it pans out, the rise to 1900 gave me pause for thought.

You responded 6 minutes after my post, couldn't have looked at much of the link I posted. And gave 0 reasons for your response.

Russia invaded Ukraine to secure the oil and gas, nothing to do with NATO. Ukraine have large untapped reserves, nearly as much as Norway. What do you think would happen to Russia if Europe started buying most of its oil and gas from Ukraine? I believe oil and gas is something like 40% of Russia's GDP. https://www.youtube.com/watch?v=Eo6w5R6Uo8Y