Games developer tinyBuild seeks to boost £500 million market cap by becoming a media company. Watch the full video here.
If we get 20million from those already pledged, hopefully a few more shy/private PI's will put in to.
And take us over the line on the share numbers, can't see us from this bb or adfn making the 100.
This site, breaks down share ownership, not sure how accurate it is
I see RKH have just issued standard Resolutions to vote on:
2 to 6 Re-elect firectors
8. AUTHORISE ISSUE OF EQUITY
9. AUTHORISE ISSUE OF EQUITY WITHOUT PRE-EMPTIVE RIGHTS
10. AUTHORISE MARKET PURCHASE OF ORDINARY SHARES
They are not going to make it easy to lose a significant % of their salary and share grabs by handing over any information they do not need too.
Remember it's "their" company, the cash raised and where it came from is incidental.
They have no intention of stopping, where would the get another income as good as RKH. NOT in the OnG industry that's for sure.
Thanks for your interest covgaz and the 10mins it took to write that. Any professional advice most welcome.
I too recieved my email from Jan, signed off by Keith
To the MANY personnel that did submit, if every one did so that put their number down on the list: Yes it appears we were short, but I belive Overts has raised the correct point: how do we know.
It is entirely in their interests to say and indicate that it was "well short" in an attempt to discourage any further actions.
They are recognising the submission, but if they were unscrupulous only a few would have to go astray. Damn them "illegal postal" votes.
Bit like not revealing the voting for and against percentages in last years AGM.
Hi Glen, to move forward. My take is if we do not have either the valiant 100 or the required number of shares than we can not proceed to actual co-file?
Or do we just now resubmit, now we have the dates?
Again thank you for leading the charge.
Hey Rockylee, After all of the experiences of PMO, I think seeing the SP acting so at PoO rising, you could feel a bit jumpy.
I took some (only 5k) profit and moved it into TLW, as I thought they will be more succeptable to PoO fluctuations.
I felt that HPR could be a slower burn,and not knowing when the overhang (the consolidation was a suprise, but now seems logical and should have considered it, but just not so soon) will be cleared.
Would management have invested so, knowing bad news was around the corner.
IMO The $58 hedge does give very surety for a year, in a year that alot of new assets, tax carry, Mexico, Fklands, Indo) needed assessing and personnel settling in and all still in a world /covid / uncertain. Steady first year of business required.
A year ago BP were at £5.00-5.30
Still just my opinions, I do not drive a voltswaggon and bet on black (RKH). So that shows my skill level.
Very best Sft
Hey Rockylee, where do you see the weakness or bad news arising from?
Debt covered, good producing assets, a good ( may be too much) of production covered.
So all I can see is still the unsettling of clearing the overhang on share: ii maybe not wanting jump in until its cleared? and also the share consolidation. My assumption is that ii would want both closed out, markets (unlike traders) do not like uncertainties (so I keep reading). Traders are not making much recently either I.e. not much of fluctuations .
I also do not see any shorts, which was a touch different with PMO of course.
It was not that long ago (Jan) that GS were only saying PoO in 21 at $65
So that could indicate about tie-ing in some weighty contracts at $58.
Just my considerations, of course.
No surprises there:
"For safety reasons, a bare minimum of Directors will be in attendance at the AGM to form a quorum and to conduct the business of the meeting. There will be no presentations on the Company's business and no refreshments will be available. Instead, the Board will arrange for a presentation to be made available on the Company's website at www.rockhopperexploration.co.uk on the morning of the AGM"
Due to furthering the the directors cost reduction drive the presentation was put together by the children and therefore Mr Bumpy and Mr Tickle feature quite heavily. On completion of the presentation, maps, pirate hats and parrots will be made available and a treasure hunt will then be held in two parts
A) Try to find the spent 200 milion
B) Try to find where we will bury the remaining 10 million
Ps Next year we will have a bigger map, as we do expect to win something from our little raid into Italy.
Good luck with that.
All the best Sam, Stu and Keith
Note: the characters are real but some of the detail may have been changed for your entertainment again.
Hey LacticR, Looking through RKH website
I can not see any issue of firm dates for the AGM
" Group results for the year to 31 December are announced in April/May"
Sft comments: for which an RNS was issued
"The Annual General Meeting is held in May/June"
Sft Comments: no Rns issued confirming as yet, so I would assume there is no date set yet?
Let's hope it's due to the having to submit a few more resolutions.
LacticRules, is there any where else on the RKH (that I can not find), that has stated an actual date?
It will o ly change when some of us small PIS step up. I reallllly think the has been a good attempt on this bullet board to galvanise us.
I will say we possibley have not made it, with the posts seen. Several large 500k+ investors have inputted so have many many smaller investors, my hope is that others that only read and do not either want to disclose their holding or just want to remain anonymous have also done so: quite simply by allowing it to be put forward sends a message. Those that do not I quite simply can not understand. THOSE that can not be bothered deserve all they get.
I have worked OnG since before 92, and I can say the RKH BoD are stealing by way of wages, bonuses and share allocations. Fight or fail gents, fight or fail.
Kindest rgds Sft
Thank you for posting Cyan. Given the unstoppable move and sentiment away from hydrocarbons and Italy exposure to further potential claims (how many I do not know), coupled with consideration of RKH financial strength (or lack of) It must be in Italy's interest to drag it out.
It makes Nel's question on HBR next AGM more interesting, but from their previous comments of FEED review completion not being before 22, am not expecting much from that AGM.
More focus on fiscal prudence will be essential, but our illustrious BoD may be spending their time on raising more cash to cover the intervening period, using the (if won) the award as security? but with no income it will not be favourably bond issue for share holders, that's for sure.
They have enough cash to keep paying their wages, but not as you have regularly raised the decom liabilities.
I still feel our best hope, albiet unrealistic: BOD will not want to loose their salarys, is HBR taking out RKH.
But that would show HBR have assessed Sea Lion as financially viable.
SOME MANY variable options, with unfirm time lines and multiple "if's" still prevail.
It just, IMO, makes getting Glen's resolutions forced into the next agm as essential. Curbing the salaries and share allocation until First Oil, the ONLY way to get these guys to look after share holders and the company rather than their own bank balances (IMO).
THERE is absolutely no incentives for them to stop doing what they have been doing.
Hey Bloobird, yes they exited and it did not initially produce as expected and overall by 18 months
Related info from 2017
Yes HBR have it and latest info has it producing 28,000 bbls, which if you look at the artical above, is around what had been originally hoped for.
Obviously they are now picking up the tab for that now but, the PoO is up and it could hold potential for further field expansion. Not confirmed.
I hold HBR from PMO, bit sick about the purchase price but averaged down (and something better than nothing) some so not too bad.
I just think these guys will (as many think) squeeze further RKH and FiG, as they are tough oil business minded, experienced and really hold the upper hand....the others are...well, enough has been said on that matter (-;
Kind Rgds Sft
I look at firstly Chryasor climbing from a new entrant in to the North Sea to now the largest operator as HBR: with the initial purchase of Shell assets, including (10%) WoS and Sullen Voe, expanding through the further purchase of ConocoPhillips assets (although bit pricey, but expanding further into gas), their strategy of expanding existing infrastructure by hub drilling, exiting from Solan, that ironically led to the debt problems of PMO and Chryasor picking up PMO's assets, (work on SL feed) tax benefits for imo, a song.
I think they have conducted themselves really well where others have been struggling or failed, kept operating costs to a reasonable level, apparently good debt structure, potential for increasing their reservoir.
Paying a dividend being discussed.
They indicate to me that they are good, very experience and therefore as I described. Especially if you compare against RKH BoD.
Another company /personnel I like is Andrew Austin.
Hope that helps? Or do you disagree?
If so please advise.
Nice to see the Brazilians moving on another project and keeping SS7 gamefully employed.
There are a few people that are worthy of filtering but DBNO hits the top (and another that was abusive). Not once since I invested in PMO has the DBNO poster made a valid input, there are a few close second but they could be considered as slightly "amusing".