Member Info for RG27

Cormie .."Won't break me 15 years and still going strong.

Goodluck LTH's time is coming to party."

Definitely not as long as you, but still one of the LTH's, only down about £35,000 at the moment, so decidedly better than the £60,000 down a few days ago.

Luckily the loss was covered by the profit I made with the long lamented Hurricane, similar share price fluctuation, but holding on and buying on the drops all the way down eventually paid off.

Just one word of warning, don't enter the somewhat murky world of AIM share holding if you expect an easy ride and if you can't take losses.

A fair few certainly does see value

Cevodniya / Jakeyork.

I must admit that I fail to see what connection your somewhat poorly written, bad syntactically, grammatically obtuse ramblings have to do with Rolls Royce.

I'm sure others on this board enjoy your mutually incoherent ramblings, but then perhaps there are those who would prefer a more adult discussion with relevant Rolls Royce information as and when it becomes available.

Any comments will be water of a duck's back.

#

Thorn...

"Very doable without very much. The rig is overwintering at Heron 2 waiting for the first drill able day of 2026."

I would hope before 2026!

Wigster77 ..

"Or was it by the end of 2024?"

or maybe end of 2023, or 2022.

Doc....

"Sadly, lots of us have allowed ourselves to be dragged down to his level. But yeah, let’s not start banging on about how amazing WOS is and how he’s somehow bullied."

Just block him as I did quite a while ago.

Mygain......

Delusional Starmer 🤡, is convinced it’s only non Labour voters at the last general election who are signing the petition! 😂"

Certainly delusional... and should he finalise the deal with Mauritius on the Chagos Islands then he may well take heart from that and give the Falklands to Argentina.

Thorn..

"I think legally it's ours RG27.

We have a contract to drill for it and Mongolia has Courts to uphold those rights, as they did previously at a Regional level with the Governor."

Of course, legally you're correct.

There is a difference between what is legally correct and how some countries and governments actually think of natural resources within the boundaries of their land.

After a number of years in the Middle East and Africa I have a little less faith in the ability of certain governments not to try to manipulate legalities no matter what they say in public.

Thorn....

"Mongolia wants our oil and it wants a green energy future."

Surely Mongolia wants "their" oil, but is happy to allow a private company to pay to find. develop and produce it and then take a percentage of the income. PC is also happy to accept PM to sell them the oil, but at a price that allows PC to make an excellent profit when exported into China.

PM will still make an excellent income, but there will be more negotiations yet to come and one does wonder how big the barrel MB has been bent over and how easily is he accepting it.

So long as income does eventually arrive and he is able to hold on until the refinery is online and the oil can be sold direct to the Mongolian Government then assuming PM hasn't been taken over before then the share price may reach a more acceptable level.

Don't forget that whilst it is gradually reducing its Corruption Level last year it was still classed as the 33rd most corrupt country in the world, this must still make it difficult for MB to progress with obtaining permissions and approvals for anything that requires a signature. Certainly the previous Government proved that approvals can take a little longer than expected

Manx..

"Looking at Rockhopper with their statement of a huge field in the Falkland islands, bigger than expected and to pump 120,000 bpd in 2027 with a production cost expected at $24 pb!. Market cap still at £90m. Low SP 13.8 and high sp 15.45 for 52 wk. Now sitting at 14.35p per share.

Looking at this, it is hard to see MATD shooting for the stars. We are ahead of their plans, but I am not sure we will see the SP much over 15p within the next 3 years. Certainly not at 30p or over.

Thoughts anyone?

Another long term investment. Hope I live long enough to break even :)

Maliketh..

Whiners... Probably just dissatisfied at the fact that the current Government was not totally honest with its pre-election promises

Of course there isn't going to be a new election. Starmer has a massive mandate to do what he wants with the country in the nest 4.5 years. He's not going to give up on that, even though his mandate is based on falsehoods and lies by omission.

He would probably have won the last election predominantly because the Conservatives worked hard to lose it through stupidity, incompetence and in fighting. However if Labour had told the truth about their intentions it would probably have been less of massive walkover. A very weak opposition is not good for democracy as was proved during the last 16 years when Labour was unable to curtail some of the more inappropriate policies of the Conservatives.

I fear the same will happen in reverse over the remains of this parliament.

But I do urge voters to show their displeasure with the way this Government has mislead the voters.

Https://petition.parliament.uk/petitions/700143

Finley..

"We should of just left them alone, but alas the lefties Liberals, love a conflict as long as they are not the ones on the front line losing their lives.

Something to think about."

Not that it will do much good as Starmer will not call a new election as he needs to hold power for as long as possible and he has another 4.5 years to create as much damage to the country as possible.

Https://petition.parliament.uk/petitions/700143

Lok...RG27

"Pretty sure that is precisely the train of thought Boris Johnson had."

"

I rarely bother with this board, however your posts are an amusement and a reason to drop by just to see the tripe that you post.

Not to sure what your comment concening Boris Johnson has to do with anything, but as a matter of fact I resigned from the Conservative party as I felt that Johnson, whilst an amusing and erudite journalist was in all other respects a buffoon with little to justify his position as an MP. indeed with his various untruths he has much in common with Rachel Reeves.

Lok...

"Meanwhile, back in the reality of Tory inherited broken Britain..

'More than one in three children in poverty as UK DEPRIVATION HITS RECORD HIGH' "

A disgrace that any child is living in poverty, one of the tenants in a property she rented had a baby, and was advised by her parents that if she didn't start to look after it better the child would be taken away and she would lose the benefit and wouldn't be able to pay her rent, her comment was " I can always have another one"

Lok..

"You're on here whining about the new taxes hitting 'predominantly no Labour voters'.

Hardly whining,, just a statement of the current facts.

Though I have to admit that some of my income was derived from letting out a number of houses.

They were bought at auction in need of total renovation.

On completion I rented out to people on benefits at a discount of approximately 10/15% of the lowest rents for similar properties. When tenants left I always redecorated throughout and always ensured that the properties were of in a condition that looked as though the new tenants were the first to use them.

Two properties suffered severe damage and non payment of rents, one cost me just under £15,000 in one year (approximately 3 years rent equivalent) and another cost me over £8,000. (two years rent equivalent) One property was left in more than an appalling state, the tenant had two dogs that she used the lounge as a kennel, removed the fitted carpets and then left the dogs alone in the house with dog faeces in every single room (She had a infant in a cot at the property and worked in a kitchen in an old peoples home) I had to use a specialist cleaning company used by the police to clean up after violent crimes.

I did sell all the houses with the exception of one, the tenants are very nice couple, the wife has in the last year suffered from a cancer, the husband is ex forces and had a leg removed. They moved in 12 years ago and the rent has remained the same since they moved in and it was offered to them at a low rent even then.

I recently offered to sell them the property at a 20% discount to the current valuation proposed by the lowest of two prices produced by two surveyors. If they can't justify this then they can continue to rent. They are currently paying approximately 50% of rents for similar properties.

How much do you distribute to charities. My wife and I recently bought a defibrilator for a local community, my wife read a few years ago about a young lad who had had some money stolen that had been donated towards costs for a medical trip to the states and she anonymously paid for the lost money.

I have benefited, but not greatly as you assume, my wife and I received the winter fuel allowance and we added that to the amounts we gave away each year.

Oh and I also rent out small commercial units, again to nice people, I am being forced by recent legislation and the additional tax that I will now pay to consider increasing the rents for the first time since 2008.

I have agricultural land that I rent out to a local farmer (small family farm, husband, wife, daughter and small grandchild) the rent for the land has also been the same for the last 8 years since I bought the land from another local farmer who needed to clear part of a substantial overdraft that he couldn't afford the interest on.

I am indeed one of the hated asset rich, relatively cash poor that your communist left wing government so dislikes

Lok..

"

Nice try.

Pay up."

I have been and I suspect for far more and for far longer than have you.

My apologies for the fact that it appears my cap lock seems to have stopped working in the previous message.

lok..

"night night. don't let the tax man bite."

in the 60's under a previous labour government, my father who was single handed running a small family business very successfully was paying a top rate of tax at 83% with an additional investment surcharge of i think about 15%.

i certainly recall that he was receiving 6p in the pound (and for those of you not conversant with old money, there were 240 pennies to the old pound)

i returned from working in the middle east and africa in the late 70's and was faced with a tax rate of over 60% (a shock as i was not paying any tax in the middle east) when margaret thatcher reduced the top rate on the labour government's money grabbing 83%

my wife and i are in our 80's, we stopped working a couple of years ago and had for the previous 10 years worked alone.

during covid we continued working for clients and i was frequently off loading a lorry in the afternoon and then delivering the same goods and getting up at 5 am to load a vehicle for an hour drive to a customer's depot for 6am and then doing a further 7 days handling sales, design work and negotiating purchases from suppliers around the globe, whilst my wife (who suffered extremely badly from arthritis and was in need of a knee replacement) handled our accounts.

i have made money, but unlike rachel reeves (i believe she was actually an assistant accountant at the boe and not an economist) my wife and i have actually worked extremely hard for the money we have made.

this vile government has no idea of how to run an economy, there is nothing difficult about making "difficult decisions" if it involves removing money from pensioners (predominantly non labour voters) farmers (predominantly non labour voters)

high earners (predominantly non labour voters) and paying public sector workers (predominantly labour supporters) at the expense of the private sector, buying votes by the back door.

the country was extremely badly served by the incompetence of the conservative government and they deserved to lose, labour however did not deserve to win through subterfuge, lying, and mis direction of their intended policies.

i believe that should labour have told the truth then they would still have won, however they would have had a substantially lower majority and the country would have had a viable opposition with the potential the rein in this quasi communist left wing party, that is currently intent on destroying any pretence that the uk is a viable place in which to do business and is making the uk less of a world power.

why would you interfere in another country's politics, why would you have a foreign secretary who thinks that after ****ging off the next potus that this would be forgiven by trump as proved by being offered another helping of chicken during a meal.

my apologies for the above rant, but everyone else seems to use the board to discuss matters that don't always relate to the bank.

Mid June 2024 MB stated the company was fully funded.

25th June MB takes shares at 2.0p and also drops price to 2.2p in an unnecessarily large discount to encourage new investors, ( his claim,) though a 20% discount would have in all respects had the same effect as opposed to an almost 50% discount on the SP only a few weeks before, that and the derisory amount that he offered LTH's as a slap in the face.

The continuation of very weak management's poor communication have further erased faith in MB as a competent executive who should have all investors interest at heart. Possibly misleading by omission as to the value of the company and its operational status on a number of occasions over the years.

However hopefully there will not be a grab for the company and SH's forced out with an extremely low SP offer.

What percentage and who are the current largest shareholders and does anyone have faith that they wouldn't invoke S979 to squeeze out small shareholders

Very reminiscent of Hurricane Energy and the BoD's attempts to swindle SH's out of 95% of the company. Their waste of £18,000,000 of SH's money in trying to defend their grab, and their subsequent failure through the court action of Crystal Amber.

Unfortunately SH's in PM don't have a large investor who would be able to take the company to court.