Member Info for SpaceHoppa

Interesting scenario Alma, but I do not see Trump and the Republican party doing anything more than express displeasure at the strike, and that will be the extent of it. I feel there will be no consequences at all felt by Israel from the US.

Heck Trump recently blew up a 'suspected' drug smuggling boat with 11 men on board. He understands decisive action.l and probably respects this action.

It's almost certain to go through Fecm, and will be the first time I can remember shareholders voluntarily diluting themselves at a give away price (35% below current price) when the company said (even before the $31m insurance cash came in) that the $115m placing was "sufficient for FID" !!

Some placing uber cheerleaders also believe the SP will rise after FID, however still think a 0.53p "contingency" placing before FID, is better done now, than after the FID. Doesn't make logical sense to me, but it's votes that count.....🤔

The idea that even this massive bell end of a Gov't would scupper the Falklands plans this late in the game is theoretically possible, but in reality, never going to happen I feel. EVEN IF they wanted to, well Millibrain would, they aren't going to do it. It is a none issue.

Markednmbr1, I can assure you LTT is a very genuine shareholder that wants Rock to succeed, as do all genuine SH's, although the way to get there may differ sometimes.

Well I bought an extra 10k at 220.4282 fwiw, however it's more for trading, although happy to keep for long term divi as well.

Great strength shown after yesterday's rise. I didn't think 90p would happen today, however if it can break 90p,then mid 90s might easily arrive soon after🤞

It's nice to think Rocks SP can show large % gains day after day, but we have already 6.5 'bagged' in 9 months, closer to fair value prior to the last few decisions that start the new development journey. I'll be content for it to knock around the 80's consolidating yesterdays gain today. There is a chance we may break through to 90's which I'm not going to complain about, but I'm not expecting that.

Hi Supra, it's a good strategy and banking profits on the way up every now and then is sensible I feel. I don't intend to sell any before FID but adding £48k just today so far, onto an already very very top heavy investment makes it uncomfortable, and pleasant at the same time. I might have to lose 5% if it keeps rising.

Silverfoil13, hindsight is a wonderful thing. I sold 20% at about 55p, however its banked and allowed me to make some different lifestyle choices so I don't worry that the SP is now in the 80's. Consider the 70p sale as a safety net.

BB_hoppa, you may be right and we start to get into the buying frenzy/ I don't want to miss out stage. I'd prefer a more stable SP rise but I'm not complaining.

BB_hoppa, historically Rock have on average, taken a month to get through the 20, 30,40,50,60,70. It may be we fly through the 80's into the 90's and I'm all for that, however that hasn't happened since the start of the re-rate. Currently at 83p+ it looks quite doable we will be hitting a £1 this year, and that's way beyond anything I thought would happen.

Volume isn't particularly high but with the SP at 81p as I type, it clearly is weighted to the buying side. I suspect we may be heading into an 80's trading zone, especially as it seems likely the vote to sell $25m shares at 53p + warrants is going to pass. Also assuming Nav sort out their funding processes then I think 70's is likely to be history soon🤞

Avinapunt, the reason to vote Against the contingency is basically because it undervalues Rockhoppers asset and is way to generous to the Placees.

After knowing the insurance company has paid Rock $31m, it is totally unnecessary at the moment and could be done at a much higher price after FID.

Also the Open Offer pays lip service to 'rewarding shareholders'. If you look at my posts there is a fuller answer. Most here are voting For afaik, but you should make your own mind up, and not be persuaded by posters who are intolerant of other posters views.

Correction, not debt free as we owe Navitas, but that's paid by profits so feels debt free. 🙂

BigRed7, thanks and if Navitas/Rock continue to progress SL as most believe it will, then I hope you get to retirement sooner than later too.

Nastynick, although I am in relatively rude health for my age, a few people have told of knowing colleagues/friends just as healthy but have snuffed it for one reason or another well before their time. One thing money can't buy is time, so my advice fwiw, is to take retirement as soon as practical.

Supra3, that sounds like a great weekend planned. Also selling/banking profits in small amounts as the SP rises is a good sensible strategy imo. Sadly no additions to the EoY predictions as you've 8 months more info than the deramping fools like me who predicted only 52!!

Buzzthomas, before the 9p placing we had 459m shares, after it has risen to 645m. Post FID it will rise to 843m and after warrants exercised it will be 928m. Much to the annoyance of many on here I think that is a bit more than is required and 53p + warrants under sells our worth, however after warrants it is equal to a only a 50% dilution from the 2022 placing, which to achieve FID and first oil, with money to spare and debt free, is pretty good and why the SP has been flying this year.

Hi NastyNick, Rock probably do have sufficient cash wriggle room to 'stab' Isobel, however SM said they are 100% focused on SL, so it's unlikely I feel. Perhaps once and if all SL wells are drilled successfully as an add on?? Re my 4.5 working days comment, I actually mean working days before I retire! Tue Wed Fri next week, the following Tue 9th Sept, and then I hand my company van and all my stuff back on 10th. I've made some very bad AIM investments in my life, but I fortunately kept faith with Rock and bought 300k @ 7p-ish.

Bigred7, it is possible to have $milllions in an ISA if the £20,000's you put in, go up significantly. EG, the 300k Rock shares bought at 7pcost me £21k, and are worth £234k today.

Supra3, £8,000 for a 'blowout' is some party!!

HappyInvestor100, if as you say you have a big holding, say £40,000 for example, and want to prove it. Put a limit sell of 45,678 shares at say 123p, and someone here who has level 3 access can confirm your limit order.

Good to hear hsbilkhu. Be good to hear of many more early retirements in the coming years🤞

I've a few years to wait for my state pension tho.

Early rtirement, partly possible because of Rockhopper investment.

Looking at the financial maths, Rockhopper should not be cash strapped going fwd.

Rock have atm, £20m cash + $31m payout, and will have $115m + $25m + $9m(OO) = $200m excluding all the warrants being exercised at 80p.

If exercised, and they will be, that is another $52m. Total $252m

Happy to sit on my hands waiting for the fireworks to begin, and now only 4.5 working days left, not that I'm counting 😊

Annulment Insurance

Rockhopper is delighted to confirm that it has now received the full €31 million entitlement under the insurance arrangements (the "Insurance Proceeds").

Hi BlueDefender, that's ok. I can only make the argument for why the contingency placing is a giveaway too far, but it's votes that count and judging from this forum, it looks like it will be a very comfortable vote in favour of the extra $25m so everyone can relax.

Regarding the SP conversation once FID is announced. In a way it doesn't matter for us long termers as most will keep a hefty wedge in for 1st oil. The significance for Rock can not be overstated as we all know, however it is just the starting gun.

My prediction would be a spike of say 12 -15p, and an end of day 7 to 10p increase from whatever we started the day at. The SP should hopefully increase as the last of the boxes get ticked off so around £1 by EoY is doable, and about double my January guess!!

''Which team are you batting for SH?''

Ovets, it is possible to disagree, without being disagreeable!! Many, if not the large majority believe that the contingency placing is a price worth paying, ''to get FID done''. I get that, it a perfectly legitimate opinion to have and I can see why people think that way. I believe the contingency placing isn't in the long term benefit of shareholders or Rockhopper and have explained why.

To answer your question, I'm on the side of the long term good of the company, I appreciate I may be in a small minority about how to achieve that. I can equally me sat on a table by myself at the pre AGM drinks at Wetherspoons whilst all the Yes voters huddle together, with my mate, who's bought me another awful pink drink before abandoning me, and Rock still having a bank balance over $175m in July and me drunkenly shouting 'I TOLD YOU SO!😊