Member Info for taxibabe-

Been deleted from Advfn bb discussion board not that it matters. I am guessing we will hear something soon and the new entity dont want all this negative baggage swirling around most of which is now irrelevant.

What were the options for the voting; re-electing the directors; accepting the accounts as 1 GBP; what else?
I dont think there is anything happening except curiously my stockbroker just updated me as to the formal name change last week. Could the Guardian deal finally be occuring? They have no cash or quote so its hard to see it but..................

Its what we call a "cash and new" or T25 delayed settlement where the buyer rolls over a position for a small premium to extend the T25 period. The tight spread suggests that it was done by a market maker rather then a individual who would have been charged at least 0.010p for the privilege although few brokers now do them due to the number of times they got stuck with loss making positions when the buyer DKY'D them. So yeah rollover by a market maker with another market maker who is prepared to take a view that this aint going anywhere anytime soon.

Got ARG and RKH also, both will benefit from the renewed interest in the FI penninsula. Also from the divestment from CRYPTO to REAL ASSETS

Been in since 0013 LOL
Did a bit of trading but timed a reentry well on Friday. Looks to me like this is headed a lot higher - long and strong to 1,00 GBP

I dont think tax losses will be a pivotal factor here, the fact is they are now out of time and money and the whole exercise seems pretty moot at this point. I have discounted my investment.

I agree, bought in near the days low, happy to hold these for 1 GBP or more. Its very cheap and could end up being another BP in the making in 10 years.

It might well be that Mr Calgary will go for more then 10% given that this will cost him a lot less then the Rupert investment as Bor is still a tiddler. That said, unless he knows something, once he stops buying the price will find it hard to the substain the elevated levels he will raise it to. May he does know something re Suncor, or maybe he doesnt. We will see.

Navitas would have raise a lot to develop the field, and it appears only barely within their capabilities. I think its more likely that they will bring in a partner with deep pockets before pursuing this much further.

Just remember, they wont tell you when their selling lol

Well the fact is most institutions wont start buying until the cap passes 1 billion.
Sad but true.

A lot of people who see 5p will dump if they bought at 1.3 p or less.
Nice to see but dont bet your life on it.

Its the same guy who bought RUPERT ENERGY at around 1 USD - now 5.4 USD. He is drawn to speculative junior oil and gas companies like BOR, but most of his stock was bought at around 1p or less. Some of this increase will be the 1/7 rights issue, the rest possibly the result of over application or buying in the market under 2p. Clearly, he is trying to create a shortage of stock and has gone up from 15 mill to 23 mill since the last notification. Four percent isnt a particularly large holding in a minnow like BOR but clearly he thinks he is on to something. Who knows?

Yes I might take a punt at 6/7p

The RNS is out but its clear their admitting they need more money. Its also clear that although the proceedings for the court decision will be closed in a few weeks, if not sooner, the result wont be known for 4/6 months. That means a rights issue is inevitable for Rockhopper just as it was for BOR, and no doubt Arg; the upside is that they retain more of the deal then they did under Premier, although the oil price is substantially higher. Lets see.

The deal is far better for Navitas then RKH who are benefiting by the lack of risk appetite by global oil companies for Falkland assets. At the same time, its clearly better then nothing, and the alternative would be surrendering the licenses to the FIG in fairly short order. Its unclear why one poster said they are paying Navitas for the deal, but at the same time the effect on the bottom line will be in the longer term. The short term prospects for the share probably hinge on the Court award, which this deal now makes more likely. Now that the prospect of bankruptcy has been seemingly lifted, the Italians may come back and offer something, although it wont be the crazy 200 MILLION figures banded around here. 20-50 million tops I would say. Still, once again better then nothing. I would say, looking at the whole caboodle, its worth about 100-150 Million GBP against 45 Million currently, but obviously, if oil prices continue to rise, (which seems likely), that figure maybe revised sharply higher in due course.

Probably add a few by then

Anyone who is expecting much at the end of the month should look at todays volume of 1900 Shares, its a graphic example of the lack of belief in the Navitas connection and its likelyhood to translate to weath for RKH shareholders. Not a lot more to be said,

Its a declaration of intent, nothing more. As ever, the devil is in the detail and the counterparties. Its obviously not as certain as it seems to imply.

Straight forward 20000 feet under the sea and 100s of miles away from the nearest landmass?