Member Info for thornyone

LaticsRule,
If a deal is made close to the mm asking price, it is classified as a 'buy'. If a deal is made close to the mm selling price, then it's a 'sell'. Deals exactly in the middle are classified as 'unknown', which does not happen often. I notice that a large buy order came through a short while ago. Consequently the mm asking price has been increased slightly.

SP activity early this morning shows a record number of 100K buys and a record number of buys versus sells.
Faith in Sam confimed imo.

Re: "start looking at the facts"

For example, if we compare RKH share price with other UK fossil fuel energy developers since Aug 1 2022 we find the others have doubled in price. Reflects the panic about future energy prices of course. The only reason RKH is the laggard is OM. But will a poor OM result affect RKH long term? Not at all. So QED RKH SP has a lot of catching up to do imo :)

'Whilst I’m sure the Israelis will drive a hard bargain...'

What evidence do you have, POP and PD? They have settled for 65/35%. End of story.

Forget OM. The world is entering a catastrophic inflationary period. Many ordinary people will die. RKH is one of the very few companies that can survive and is also an extraordinarily cheap investment. Sorry to paint a bleak picture

'So, in view of everything you've listed - why aren't we c.100p?

Dodger, you remind me of a science professor who used to wear oversize boots because he was afraid of disappearing into the void because atoms consist largely of space.

Thanks OG.
'If you thought the Buckskin oilfield was large, you should see Sea Lion. Located in the Atlantic Ocean north of the Falkland Islands, with a potential estimation of 463 million barrels of oil (2C) for Navitas in the Sea Lion and adjacent fields.'

Crude oil price holding up well at $93 PB in spite of global slow-down. Opec meeting today.

" Note how quickly FIG has recently responded, for example. by extending licenses."
For those who do not understand investment decision-making , FIG want to extend RKH licenses because RKH has recently acquired a wealthy and experienced partner - Navitas - and does not wish to miss out on RKH transforming from a £40 million to a £1 billion cap company.

New mining projects take at least 10 years to reach first oil, gold or whatever. For RKH the OM affair is now irrelevant to this process as RKH is partnered by Navitas, which has proven under-sea mining success and has access to cash. For me, oil is a much better commodity to be invested in right now than any other commodity. Note how quickly FIG has recently responded, for example. by extending licenses. IMO.

Moving into the big time: How about a Nasdaq listing, Sam?

My money's on GT

I hope you are right LTT. But a deep recession won't affect the price of oil very much. The Covid pandemic was very bad for oil because all economic activity ceased, including travel and manufacturing, 97 per cent of which involves oil and its derivatives, such as plastics and many other products. Imo, oil and precious metals will be among the few assets that will hold up during a deep recession or runaway inflation.

Sorry not Food production - Oil production!

Heard today on the grapevine. JP Morgan predicts a $380 oil price if Russia slashes food production.

Oil price down to $60? With energy costs about to go through the roof in Europe, UK and US.? How is this possible?

Sirius may have been a scam, Michael. But AA are also victims. The problem is you cannot mine mushy fertilizer more than a mile down without the voids collapsing. Compared with the risk of that happening RKH is a stroll in the park :)

Sorry you've had to wait, Ralph2010, but it's definitely going ahead now.

On the bright side, RKH is worth £1,9 billion for phase 1 (of 3 phases) with oil at $75 per barrel and 250 million barrels. This is RKH's share, 35 per cent of total (Navitas owns the rest). According to my broker HL, the current value of RKH is £41 million. The future value of RHK is therefore roughly 45 times greater than this. In other words, 7 pence per share becomes £3.15, just for phase 1, as I mentioned. I don't see oil at less than $75 PBB in five years time, possibly double?

Only good news since Dec 21. Navitas have signed up. Shares over-subscribed. Potential value more than £3 once the oil starts to flow.