Member Info for Surfit

Still can not belive the RNS regarding the AGM. What could Sobel Moody have said to the main institutional investors before the vote? But not concerned about issuing ANY information to private investors
Rgds Sft

Hi Henry, yes dyor is a very good thing. It just when I post I and others would TRY and support information with a point of source (not always when outlining multiple points) that information.
Can you appreciate that when persons like yourself or NigO over on ADFN just post unsupported positive new without EVER posting any sources it can be suspected that it is JUST ramping.
There are many on here that SHARE positive news by also posting the source...that is not too hard would you not agree.

Best regards Sft

Hi Henry, was just wondering:
1. Can you appreciate peoples concerns over managment? or do you think they have done a reasonable or even good job to date.
2. Your quote "Basically it’s a case of doing thorough research..." do you or could you enlighten us on any of you research sources; any pointers would I am sure be of benefit and also support your prespective and comments. As you can appreciate its easy to write just anything down.
Rgds Sft

Sorry it was March and the video is below the write up about RRE
Rgds Sft

Haha quite correct SR, he has probabley, in the past, had to outsource someone to build the presentation...and due to "cost savings" for the share holders sacked the IT boy.

Look I apolagise in advance to the BB but I am big fan of RRE and Andrew Austin...just take a look at Malkeys interview in April with him AND inparticular his closing statment at the end of the interview. This REALLY reveals alot about the right attitude for a director of a company.
https://total-market-solutions.com/2020/04/21/rockrose-energy-2/
Sobel Moody is the complete opposite.
Pity RRE's direction is more gas than oil, is all I can say!
Rgds Sft

Did anyone say there was going to a further update from the AGM...OR is that statement REALLY IT?
Have they ever issued such a dismissive AGM before?
No update on OM
No update on Navitas
No update on liquidity

Now they know that they really can do what ever they want. My best guess would be that they have issued information to the largest controlling investors and not bothered with the PI's
There must be some way of finding out the voting results?
Really sums up Sobel Moody when he cant be bothered to attempt to present an update.
Currahee Sobel Moody, Currahee.
Lets hope the Saudi's and Russians keep to the cuts. Hopefully they have both learned that they have to and if we can keep to +$40 and creep up to $50 Navistas can sell to some Sea Lion investors.
Rgds Sft

Igloo24,
Thanks for the post. Will be interesting to see if the do post the voting results. As you say it would also tell a significant story that/if they do not.
I am not surprised, getting a vote down was going to be a long shot, but if the votes against were of some size it should be treated (but I doubt it) as a warning short for Sobel Moody. Hard to fathom how any "rational" investors can think that Sobel is doing a good job.

Well for me its not over. The next way for ward is to the Press.
I would need a suitable title to send in to, say the Telegraph: Can Private Investors ever stop a runaway board of directors?
Then go into the detail for the squandering of finances, failed business acumen, directors continued high salaries and share grabbing.
Backing it up with the RNS's to prove the loss of company cash reserves and directors pay, bonuses and only when the money was running out a share grab.
I believe it to be a topic that some of the tabloids could pick up.
As a long term holder, and without others cash to prop up the required average down, Sobel and his 2iC are very dangerous, inept and very greedy little piggy's.
"Now this is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning"
Rgds Sft

You have to laugh at their Inquesition style approach I guess.. devoid of any reasoning...just tourette's verbage and belief in the supremeness of Sobel Moody.
Still if you can ramp it up to the magic "11p" or " 14" its a winning game for them....just hope they have not pulled peoples life savings in...if they have you can understand why they have to say what they do i.e. to reassure.
Anyway lets hope spring watch is wrong and swallows are under threat.
Anyone know if Sobel Moody and the 12 Monkeys are doing a video recording of the AGM?
Looking forward to some ground breaking annoncements
Rgds Sft

HG,
1. How long have you been invested in RKH?
2. Are you stating you are happy with the way the BoD have managed the company
3. If you could could you state your reasoning for your support..I for one am very willing to be corrected/enlightened on my current stance.
4. My guess is you have a low average coming in quite late (or are connected in some way with NigO's speculation) and are hopeing for a share jump on possibley OM?
All I am seeing is putting down dissatisfied bb members????? and just following the only other ramper on both bb's by saying all the dissatisfied posters are part of a de-ramping gang??????
Not very realistic.....might be more applicable if it was PMO....But no one over there is saying ARCM has set up a "gang"
Whats RKH current short status????
Rgds Sft

Fully concur Muz, done the same.
Will be interesting to see the numbers.
Rgds Sft

Morgan and Stanley increasing their position. Not a short? i.e it would show on short tracker correct?
Rgds Sft

Any news on infrastucture development down there yet?
Still a bit early I guess.
Rgds Sft

Great to see the the responce from us small investors. People wou normally say nothing but obviously read the bb's dropping in to confirm their disapointment.
Remember this only after the main institutionals had discusions did Moody and Stewart affect this recent change and also because it was getting a bit to obvious i.e the cash was running out they have now gone for grabbing shares...lots of them.
Also rember pre covid 19 how Navitas were the ones tasked in raising the money for the project NOT the RKH BoD? Why..it was once RKH project
..we now have 30% left of SL and have blown several hundred Million?
We have time now to remove Sam Moody and Stewart and find replacements...remember PMO have stated the project is on "hold".
If not REMOVED they will continue in the inept manner we have become accustomed too.
GLA
Vote Moody and Stewart out.
Rgds Sft

Followed your posts for several years now Cyan.
Keep it up. I know ADFN is you normal abode, so thank you for your input.
Rgds Sft

Hi Cyan, YOU are right to raise your points.
I can not see why that should cause Citizen any consternation?
Detail is everything.
The sanction bonus would I assume still remain..but if that happens they can have it.

Would still love to know who is on the "commitee"

Sch was saying 500k annual savings. Hope that right.
Thanks for tying in both RNS's
Rgds Sft

Hi Citizen, a point well put and true.
Its the ironey of it I find typical of Moody in that does not appear to be a loss or paycut to me and the company pays as usual for their moves to benifit themselves ( as always its always Sam "Sobel" and Stewart.
As commented here and over in ADFN it "could" indicate the potential reality of OM being a saviour ( they see a rise) and those that are just in again "could" benifit significantly from a favourable payout "if" significant damages are awarded to the award.
Is there a restriction on when they can sell these shares?
Rgds Sft
Ps good to see this bb seems to be up for decent debate and free of posters using the language as is ADFN now subjected to.
Critique most welcome.
Rgds Sft

WhatI find interesting is: ".......As part of the review of remuneration, the Board SOUGHT independent remuneration advice and CONSULTED with several of the Company's largest institutional shareholders. As a result of this review, the following initiatives are being implemented....."

SO the BoD had to PAY for independent RENUMERATION ADVISE.....In that you can read addtional fees from financial advisors on share allocation for themselves.
And
(Probabley not in the above )order the institutional investors have started to ask questions....there mistake was leaving the BoD on how its implemented

Anyone reading the RNS can see they should have implemented cuts early as most serious OnG companies have, and to deeper levels to their management employees....last place left because 2014/15 cuts were directed at staff.

Interestingly with the massive amount of share being given to Moody and Stewart in lieu of the 20% cut and removal of monthly allocation..they appear to be getting richer...maybe they do "belive" OM will payout to some size????

I will say Moody is good at something...feathering the nest...in that I give him credit. Pity he can not apply it to business in OnG

If you have not yet voted please vote against Sam "Sobel" Moody retaining his position and against share allocation.

On a final noe: I also wonder if the tabloid financial journalists would be interested in the small share holders attempts to reign in the missmanagement of a aim company?
If your serious about raising the profile and turning up the heat then an email to: The Mail, Guardian, Times etc etc financials could increase the institutional investors scrutiny AND galvanise more us personal investors.
Rgds Sft

Much, my most sincere condolences on the loss of your farther. I have travelled that road. There are no adequate words, just we all start, as we drop the invicibility of our "younger" days, to realise time with those near and dear becomes so precious.
Kindest regards Sft

Hey Godders, have you been able to vote. Not asking which way but would be good to know if you have.
I would also imagine you might have been able to gather a total number of shares you own? After speaking to the brokers/platform?
Rgds Sft

Hi Much, thank you good to hear from you. Not sure if I should say good your still with..its almost like Good Will Hunting: One day I want to knock on that door and you not answer because you have moved on to a better (out back when 43p) life!
Its hard to find anything positive, hence being banded a "de-ramper" now. Inevitable I guess when one had had to average down just to keep near the bottom ( not this time though ). Whilst watching the gang do and take what they do.
Remember thinking Zama sale was going to help, not directely but PMO seemed to have stepped further away from the SL project over time...they have now completely outsourced the financing by paying for and getting RKH to pay for Navitas to do it for them..well thats how I see it...more % loss!
I have never been in the big payout camp from OM ( hoping to be wrong) but I know you had leaned toward the more positive side.
Good to hear from you
Rgds Sft