Member Info for superritch

It just means sideline the British companies rather than the project (although presumably would slow it down a bit)

The Argentinians are a pathetic, immature bunch of crooks who have consistently wrecked their own economy, tortured, imprisoned and impoverished their own people as well as attacked a foreign territory without good reason.

If only our Government had the balls to say it like it is and tell them any attempt to try and steal the FI again will result in swift justice, again.

I thoroughly dislike them and Ronaldo is twice the player Messi is 🤣

Agreed Ovets and my post was meant as a positive but a reminder that RKH is a hold for some months which is fine in my book...unless of-course we get some left field TO offer, which is also fine :)

We are where we are in the SP cycle here:

We are clearly undervalued at 74p, essentially only Phase 1 is being valued with almost everything else valued at virtually zero.

The reasons are 3 fold:

Timescale the market wants almost instant gratification and the cash won't be flowing until H1 2028

Project Risk; It's an oil project! This stuff can go wrong or at least be delayed

AIM; We're listed on AIM, that limits institutional money flow and engagement

What changes this:

Timescale; As long as the project stays on track then every week that goes by gets us closer to the cash flow

Project Risk; Navitas have shown they get stuff done! Every sign so far , including the pro-active change of shipyard for the FPSO refurbishment suggest they are the right operator for Sea Lion and will get this over the line

AIM; If the project stays on track the market will catch up, just as it did this year.

OM; not holding my breath on this one but you never know! (and it is valued at zero so pure upside)

I felt a little down when this went back into the low to mid 70s but if you believe in the above, and given it is now based on actual events and actions not hope and speculation as it was a year or two ago then we should all be rewarded over the next 12-18 months

Not sure it's collapsing! tbh it was a bit of a non event, it's really about the coming months, can they really get the traction and volume in the US? If they do it will be reflected in the SP (and ours) if not then.....

Very good post that and close to the truth I suspect.

I’m struggling to decide who I despise more, the US or Argentina. It does look like the SP was hit by the nonsense today from these two rogue states.

Good luck. Swinging for a home run is sometimes the best strategy

I love the British understatement: Establishment of a sovereign wealth fund that could make the Islanders some of the richest people on earth comes a few items below approval of some additional plots at the Moody (!) Brook Cemetery 😂

Wow, closed at 88p bid!! Happy Easter weekend everyone :)

The Swiss/Argentine chap is appointed by the “respondents” so basically he is Italys man and is already biased so no extra harm done by the fact that he is also an Argie 😂 although it does rather point to a set up where they find for Italy or declare it a draw and stick with the original crooked decision!

I really don’t think we are dealing with fair and objective organisations here. The outcome will be whatever they always intended it to be. It’s a bit like UK planning applications!

The senior management have made great progress since 2017, mortgages paid off, BA Gold card retained, Maldives holidays and a new kitchen, I’m sure these and other nice things have been achieved so let’s be positive, our money hasn’t been completely wasted 😂

It’s Synairgen all over again.

Looking forward to another long post from Sadoldgit telling us how great the science is! Sadly, it is increasingly hard to believe the management team know how to get this market. It’s not entirely their fault, the UK is a poor place to try and build a serious bio or tech business.

In fairness he did say that FID for the North Basin could/would be the game changer and that has only really just happened so hopefully that was one of the last pieces of the deal jigsaw!

Divi

How do you know if you “hold a lot of JHI shares”? You’d need to know their cap table and shares in issue.

We’re flying blind until they either get bough for cash or by a listed company or IPO themselves

My 361 represents approx 5.5% of my 6531 entitled allocation

I applied for 8500 additional and looks like I’ve received just 361 of those 🤣🤣

What is going on? Not a good day

Fair point Santos (and EG777) I am still a believer and think we will get to a £1 plus this year but not sure if the market will take an oil company much higher these days given the net zero and oil is bad brainwashing

I am also a little nervous of our Israeli friends...not saying I don't trust them.....actually, no, I've done a couple of deals in Israel and that's exactly what I'm saying :)

I'm really struggling to understand where the SP is headed (medium term)

Is it really the case that the raise is being seen as a negative and the SP will fall to 53p alongside FID being fully priced in and effectively no upside seen from here? It does seem a little strange given we had a genuine risk pre FID of the SP dropping to "zero" whereas post FID and with the raise to cover us to first oil we must surely be a more valuable and far safer investment.

The market currently seems to think our sub £500m valuation is enough despite FID/Financial close and cash position being achieved successfully. It's frustrating but hopefully the valuation will be adjusted upwards later this year as we start to move towards production.

The real question is are we a better bet than an index fund over the next 2-3 years from this point?

WSHP sp has now sunk into the 60s so that’s another way to close the NAV gap! WCAP will soon be correctly valued at this rate 🤣