RE: Trades30 Mar 2025 14:21
Anth72 has been here for aslong as I can remember supra, he’s definitely no pump and dumper or ramper tbh.
I must admit I thought your trade was a buy aswell but hey ho.
With regards to RKH, it’s obviously the safe(er) bet but not at all safe imo. The risk is no different to BOR, if Navitas did have a change of heart the falklands dream is done. When FID is achieved and the falklands get the green light then BOR will be 10p and around £90M mcap very easily and very realistically. can’t see RKH doubling from these levels and being £600m mcap for a very long time yet.
Borders are negotiating at a time where interest in oil is returning and the green agenda is already dying. RKH took their deal a bit more out of desperation in a time where none wanted to touch oil and gas, never mind virgin acearage.They then agreed to huge loans that all need repaying on pretty large sums of capex.
I don’t think we will have any of that, I think a straight buy out here and that’s why the BOD raised extra cash to be fully funded for so long so if a partner wants to buy us out they are going to have to pay the fair share.