Member Info for SilverSpoons

Out of interest, do bank trading staff have their bonuses linked to open positions as well as realised ones. If bonuses are paid out against open positions then we are all doomed ( and I don't just mean RPO shareholders) since it effectively incentivizes their traders to continue doubling down on unjustifiable positions knowing that by doing so their bonuses will remain intact. I've heard that the very big investment banks have short positions on practically everything and as long as the QE funds keep flowing they can continue to hold their positions or even drive them down lower. Can such a scenario continue to be played indeffinately. Obviously No, but I'm sure it can continue to be played for a few years yet, then being allowed to break when world events provide the perpetrators with plenty of excuses to not settle their debts. All this is a couple of years off, but meanwhile its always a good idea to watch the extent to which the media are trying to play us into a conflict that is by no means anyone's interest but the roaches on top of the dung pile. M FWIW I'm pretty confident RPO will have played out before then and that some bid / farm out / deal will have caught a lot of shorters swimming naked.

some Russian pop - http://youtu.be/u3JJxfeXLJA

MM mind games. In the event of no trading what is RPO's true price. Like Schrodinger Cat you will have to place a trade (open the box) to find out.

or has brewed and everyone but us knows about it

well what to the MMs expect when they've driven a share into unrealistic price territory.

Now what will Makayla Investments Limited do with the proceeds? Lend it to RPO I would hope.

I expect September will see even lower volumes. Something is shrinking the markets: http://www.telegraph.co.uk/finance/markets/marketreport/11064902/FTSE-100-trading-lowest-in-15-years.html

and its not just RPO. Everything looks so linear at the moment

RPO don't need a lot of cash (100 million or so) to monitise their gas field. This must be a good opportunity to invest yet where are the British Banks willing to participate. Watching their US backs I presume. I very much suspect any refinancing will therefore be a restructuring of their dept with existing lenders. IMO we may see something in the form of convertable bonds, but with a completely unreflective share price I don't see any equity being issued just yet. The concern for RPO and hence the 11 hour negotiating, is that the covernants attached to any new lending don't lead to more trouble down the road. In the meantime I don't see any RNS coming in September, so the MMs will keep playing with the share price, hoping that they can draw some media gullible suckers into selling/shorting RPO at this not nonsensical share price.

How about they issue a load of 10 year bonds. Just the sort of thing some very large sovereign fund would be interested in acquiring.

Any lower and I'll end up with a seat on the board ;-)

Rouble still go up against the pound. Tide has turned.

https://uk.finance.yahoo.com/q?s=GBPRUB=X

http://youtu.be/zPVH7rxl6So

its like one of those lengthy spaghetti western shoot out scenes. everyone's looking at everyone else waiting for the first sign of movement.

..just a matter of when. Can't see extra sanctions happening if permanent ceasefire is being brought in. Should also result in sanctions withdrawal over the coming months. On the assumption that the drilling results in October are good there's no reason why we shouldn't see at least 25p after their release.

http://www.bloomberg.com/news/2014-09-02/russia-china-prove-cheap-to-investors-as-money-flows-rise.html

http://www.telegraph.co.uk/news/worldnews/europe/ukraine/11071852/Ukraine-ceasefire-live.html

BuckWheat99 your logic is missing the following. 1) Any volume selling by the owners on the market would drive the price so low as to return nothing to them. Given they got in at varying levels around the £1 mark such a strategy would be the equivalent of throwing it all away. 2) All result and reserves are audited (see below). Any "greater fool" as you so mysteriously put it would have if necessary the ability to obtain full recourse not only through the sellers but also the auditors. Auditors - PricewaterhouseCoopers LLP Reserves Auditor - DeGolyer and MacNaughton 3) Your obsession with not recognising the audited reserves is baseless. The owners though not entirely happy to redirect funds to RPO unless essential will not see it as chucking good money after bad, more as a case of tying up funds that they could use elsewhere. RPOs only fault is that they tried to develop these licenses on the cheap. Hitting such large quantities of gas instead of oil didn't help since this requires greater capital outlay, however most importantly luck has been on their side in that they have been able to significantly increase the size of audited reserves. Since recognising their true situation and realising they need help with the drilling they have brought in Schlumberger and that partnership is now starting to pay off in terms of increasing barrels per day production, hence alleviating cashflow and facilitating their ability to continue drilling. So while the big negative is the outstanding dept, short term cashflow and sanctions due to Ukraine, the positives which massively outweigh this are: 1) Fantastic Reserves 2) Directors whose interests are focused by having very significant holdings in the company 3) Rich and very influential shareholders whom have been willing to put their hands in their pockets in the past 4) High quality management team full of experience industry professionals 5) Good relationship with their creditors At 11.5p this is a steal and a clear illustration of how market makers can drive down a low volume stock in order to scare investors. By reading other posters on this board however I feel that in this case however they have made the mistake that all resource company owners can be bullied in the same way and to them I say, better luck next time, we're not selling.

http://youtu.be/0ozdz7fMdXI