Member Info for superritch

and yet still nothing in the way of updates from the crooks that run our ship... probably too busy working out new bonus kpis for next year

Looks like pmo are toast... So what happens to rkh if they go under... Struggling to get my head around our remaining options to prevent us going bust too

Auson

I know!!! But I try not to get drawn into the nonsense

There are still some evidently balanced and smart people on here so I focus on those

Thanks BlueD

I think you are very probably correct in your assessment.... I am still tempted to wait for the OM decision but as I said, it does feel rather stupid

FWIW I do not expect SL to happen with RKH under present circumstances but there are other potential scenarios that could help to get the SP a little higher.... tbh I would happily exit at something near 20p now.... shame it has all come to this

Separately, isn't it good that we can have sensible discussions rather than some of the nonsense we often get! Lots of us are angry and frustrated but some respect and perspective as well as technical input from those with oil knowledge is much better than childish rubbish

Thanks Scored.... I'm in sales but in a fairly specialised sector.... I'll be OK on the front but just a bad time given the other world chaos

Re holdings. Yes, I guess my gut feeling is to see this out but I do feel like a gambler who has run his kitty down 90% and convinces himself he might as well win or bust.... Problem is it nearly always ends in bust

I can't decide what to do now

I hold 300k @ around 21p average so down 45k! Plus another 20k down in Bor and ARG so my FI punt is in tatters

Genuinely not sure if I should take the huge losses and re direct my remaining 25k elsewhere or is this still a case of more patience required and the FI dream will recover in some way?

My gut felling is to wait for the supposed OM result although I have zero faith that the Italians will pay up (no need for the legal experts to counter as we are in unprecedented times and the Italian Govt will have no issue with challenging or ignoring international law atm I suspect)

Feeling a bit defeated as also lost my job on Monday!

The darkest hour is just before the dawn....... hope so!

So what happens to rkh if pmo goes bust?

I think that is pretty much guaranteed, I have come to the sad conclusion that Sam knows damn well rkh is toast and is keeping his head down and drawing as much as possible in salary and spurious bonus payments whilst presiding over complete shareholder value destruction

If he's careful he might be able to squeeze another couple of years out of this plus a fat bonus in the unlikely event we get anything from his fellow crooks in the Italian Government

Yes, read every post but I don't especially trust the legal system or Italian business/Govt so put the 2 together and I am very nervous

I think anyone who is relying on money from Italy as a solution to our woes is very, very optimistic. Even if they lose the case the chances of them paying are slim I would imagine so we might end up with an entry in our accounts under debtors but no actual cash while these bandits find every excuse not to pay up

Gozzie

Not a hope in hell of 88p tbh
My best hope is that some concrete news gets us up into the 30s or perhaps 40s if we are very lucky
My original hope/dream for rkh was £1 but sadly I think anti carbon sentiment has caught up with us

In fairness, although we know Nigoil predictions are almost always wrong I wouldn't be judging him on the fall this week.... with global markets in turmoil you could hardly expect the virtually bust and seriously unloved FI oilies to outperform!

Nigoil has our attention with his March 05th predictions supposedly courtesy of some "mates" so we shall see.... clock is ticking and we are in the last chance saloon... but they do sometimes serve very good ****tails!

GF

If this ever goes back to 26p I would be ecstatic.... to actually be in profit and get out of this in one piece would fabulous

Eh? They're in discussion because they have to find a partner in the next 12 months or so... If they don't then it means a cash call or other raise or worse

Being in discussions does not mean a deal will be agreed

Surely I'm only stating the obvious?

Well at least we're entering the end game... or some version of Churchill' speach!

ARG have now admitted the game is almost up for them and RKH is not far behind.... the big difference is ARG barely have a paddle whereas RKH has a few and one of them could even turn out to be an outboard motor ??

Auson

That's true...in fairness PMO shareholders have done a lot better than RKH holders over recent months and PMO have many strategic options...we are a one trick pony (mind you, I did describe Ronaldo as a bit of a one trick pony when he was at ManU to which my mate replied "it's a pretty good trick though"!!

I'm struggling to see a way out of this now :(

I've been holding for many years at an average of 23p so in good shape if something positive happens but I am begining to fear the worst, mainly due to the political/climate related environment.

I enjoy Nigoil ever chearful posts but surely he/she/they must start to admit that the odds appear to be against RKH now?!

No need for a hysterical "de-ramper" response. By definiiton anything that has the potential to multi-bag is likely to be higher risk so I am not selling at this point but I really think the odds have moved heavily against us in the last few months

Greta and the other climate facsists don't have actual solutions. they don't see that as their role

Politicians around the world are running scared and not prepared to set sensible, achievable targets with credible technical solutions so they simply announce crazy targets to placate certain parts of thier electorate knowing full well they will be happily living off their gold plated pensions by the time the targets are missed and the economic damage is in full swing

For RKH I'm afraid it does contribute to the toxic environment and the lack of II support which could well mean the end of our dream

Wow!!!!

Lawrence 13

Abortion???!!! Not really the place for religious inspired or other bigotry