Member Info for Silverfoil13

Another huge vote of confidence! Included a “new” HMWI as well as an existing one! Seems it is no longer “squeaky” chair time!!

Didn’t someone say a while ago that a company needed to raise at least 5 million through their own efforts before they could apply to AGILE .. we’re there now!!

So PH’s first major contribution will be to cost us a whopping great fee for an unnecessary consolidation? Snouts in the trough?

That’s the cynical part of me thinking out aloud.

I’m sure that is a very unfair assessment and that in reality PH are working hard behind the scenes to gather together all the pieces needed for a deal in 2022 and one day we will hail their efforts.

Good Lord .. a broker doing something pro active .. quite extraordinary!! Baby Jesus, Mary, Joseph and the wee donkey .. whatever next?!

Wise advice
The £1 will not happen for a while but it’s a possibility so I would say worth a punt at current prices. 10 baggers are rare.
However the opportunity to make say 25,000 on a 2,500 investment definitely worth thinking about.
I keep 10% of my portfolio in high risk stuff and RKH are already in there!

Thanks Elcap .. without divulging the confidential content of your exchanges with PH did you get the impression a broker note or price target might be in the offing in due course?

Not quite sure what people’s expectations are of the new broker? I would expect that at some point soon they will produce a broker note/analysis of SAR (not dissimilar to Edison) and also a price target. Not an unreasonable expectation. However they have only been on board for 6 weeks these things can take a bit of time. Hopefully by the time they get round to this RNS’s will have been issued with more yet positive news and PH will be busy working on a great deal for us.

Cannot get my head round why the price is drifting lower especially with what looks like soon good news imminent .. why on earth would anybody be selling at this point? Is it squeaky bum time .. AIM .. eh .. bloody hell!

Thanks HBD. I was just wondering on the significance of Parker’s tweet and whether it could be construed as a nudge nudge or a wink wink tweet in advance of formal news?
I recall there was a lot of “insider trading” being done back in the late 1990’s at the height of the dot con boom and also being seriously peeved when an AIM company I was invested in many years ago announced a major profit warning which turned out to be a precursor to administration (from which investors received nothing) and I learned that the Marketing Director had sold all his shares the week before the profit warning; how the heck he got away with it I’ll never know; I did report it but to no avail!

Why would Parker tweet a tweet like the one last night? I am not on Twitter so was it an unprompted tweet or a re tweet of someone else’s tweet?
What is the fine line between a suggestive tweet and a small leak of information? I can’t believe a tweet like that would be made if bad news was pending?

Chuck in a couple of thousand quid tomorrow and you’ll either lose the lot or make 25 grand. Will almost certainly be just one or the other; depends how much you can afford to lose and what your attitude to risk is.
I pumped in a lot more than that 12 years ago but now after many years of gradually losing 90% of my investment I topped up at 6p on Thursday to average right down and I feel hopeful again of a successful ending to the story!

If Sea Lion goes ahead as hoped for now then it’s £1 plus (and probably multiples of this) per share at the very least and in which case even most LTH will be in the money; if Sea Lion doesn’t go ahead it’s worth diddly squit (as was the position 7 days ago!!).

Buzzthmas .. so that is just under half the production levels of my rough calculations! I would expect that once the first wells are up a running then production in The Falklands would ramp up quite significantly so 40 million barrels and more a year and higher should not be unrealistic. I’m sure there are some oilies out there who will know much better than me!

Sea Lion only
Assumptions
Produce 40 million barrels a year
Price of oil $75 per barrel
Average oil industry net margin 6%
$:£ 1.35
35% to RKH
PE ratio 10 x net profit
Produces a market cap of 466 million
So just short of £1 per share
Add Isobel.
Add an increase in oil prices to $100/barrel
Could easily get to £2/£3 a share if production goes ahead!

What has the BP share price got to do with anything? You can’t compare share prices of 2 companies with totally different numbers of shares in issue. BP market cap at £3.50 per share is almost 70 billion. RKH market cap at £3.50 would be about 1.6 billion!!

If this ever got back to £1 it would be the old Petrus for me!

I’d forgotten about the share issue. Must admit these have been at the back of the bottom drawer for a few years now so haven’t fully paid attention in the same way as 10 years ago. Out of the drawer now though hopefully!!

If it hit £4 in the past then it could hit £4 again but that is probably 3-5 years down the line. I would hope for 25p when final agreement signed with Navitas and 40p if we get a decent result on OM

It was 40p back in mid 2018 so that at least should be feasible again with this news!

Difference is this time is that unlike in 2011 I’ll have a proper exit strategy if it takes off again!! £4 as in 2011 is a pipe dream of course but nothing is impossible on AIM!!