Member Info for Tommo1985

Where did RKH say they would need a placing? I don't see it anywhere, and between cash and insurance they have about £65m in cash?

Nice.

44,000 ounces of gold free and a bonus $250k x88.

10 bagger here without looking at the other 2 mines with 1.5 million ounces in the ground.

This is a 3 mine owning gold developing company.

One mine, Batangas, has 440,000 oz of gold proven and several other targets in the locality to increase this. They are looking to do a free carry deal with their partner, whereby they keep 10-20% of the production for no development costs.

The other 2 mines, they are struggling to get permits to work on. However these mines were in production in the 1950's/60's and closed at the time due to the then gold price. If they get these back into production it's reckoned there's 1.4 million ounces of gold there. Again they may do a free carry deal.

Thus the question you have to ask yourself is, is what is here worth more than £5m. And if so what is it worth.... Pretty sure they were saying Batangas might be worth $75m alone...

Manifestly untrue: "The insurance policy ensures that, in the event that the Italian Republic succeeds in having the entire Award annulled or in the event of partial annulment, the combination of the Tranche 2 payment and the insurance payout shall entitle Rockhopper to a total no less than €31 million."

Note: "Tranche 2 and the insurance payout"

Looking forward to seeing the justification for the annulment, and also what happens next.

Is there an appeal?

Does the whole case have to be re-litigated?

Is there possibility for another award, that could be higher?

How does that litigation work given we have got some cash from the insurers?

RKH will still have $55m in cash following this result and are financed/funded (to be paid back) to first oil.

The €34m difference between tranche 2 and annulment is about 8% of its market cap hence the relatively small movements in shareprice.

Another collapse in the shareprice. After being 95% down I wouldn’t be too sad to see this zero.

Any sale of a 440,000 Oz deposit would surely be a multiple of the market cap here. 75% of the project is 330,000 Oz… IIRC mines used to be valued at $80 per ounce in the ground which would be $26.4m although who knows whether this still holds. Probably depends a bit on complexity to extract, grades, location etc. Anyone got a view?

BOR is hilarious, because that won't be developed for a decade and they have almost no cash.

Yes a higher oil price due to a trade deal / recession cancelled is very helpful here. Navitas will be making more cash on their production, hence their capital position improved. It also significantly improves the potential profitability here, hence easier to get financing and to greenlight the project.

Oil has probably bottomed, I was listening to an interesting podcast on Macro Voices. Dr Anas was chatting oil prices. US shale rolling over due to geology, low oil prices, higher interest rates. Middle East finally don't have much spare oil. World rolling back on green nonsense, so have massively under-estimated demand. Plus US/Iran sanctions.

We are of course heading into US driving season, and summer in the middle east with lots of extra demand due to cooling. Prices up from here.

All good news on good ship Rockhopper and Aoka Mizu.

Listening to an interesting podcast on Macro Voices. Dr Anas was chatting oil prices and perhaps he's talking his own book but sounded convicting.

US shale rolling over due to geology, low oil prices, higher interest rates. Middle East finally don't have much spare oil. World rolling back on green nonsense, so have massively under-estimated demand. Plus US/Iran sanctions.

We are of course heading into US driving season, and summer in the middle east with lots of extra demand due to cooling.

Actually sounding quite positive.

Nice, this is a ten bagger off just one of its 3 projects. At this gold price it just needs to get into production, surprised the masses have not caught it yet.

Edit. Didn’t remove the cashpile of $100m before doing the PE ratio. It’s more like 4 for the last quarter and 2 for the current gold price.

By my reckoning going just by the cash added to the pile ($34m a quarter) we are on a PE of 4.6 - if you then add the $500 an ounce extra on the gold price it’s about 2.5!

Back above $68.... jumped quite a bit today....

Nice of the CEO to exercise his options then immediately dump a million into the market thereby depressing our share price further.

It’s perhaps quite helpful the oil price has fallen out of bed at the same time the government is looking at the successor to the EPL.

I also note that loads of firms and US shale will not be profitable at these levels. So will go bust or at the very least cut capex to the bone, setting up the usual cure to low prices. I wonder if OPEC will keep the taps on at these numbers too…

If anything is ever going to get this across the line and done, it’s record high gold prices and low oil prices. Oil is about 50% of all in sustaining costs. So the spread between gold and oil is enormous atm. If this was a producer rather than a developer it would be absolutely printing cash.

Oil prices not looking at all pretty at the moment. https://oilprice.com/Latest-Energy-News/World-News/Todays-Oil-Prices-Arent-Survivable-For-US-Producers.html

I can’t see much capex in the industry taking place at these prices. It will all get cancelled, put on pause etc. Donald better stock up the SPR if it doesn’t bounce soon, as that sets up big shortages in years to come imo.

Https://oilprice.com/Energy/Crude-Oil/UK-Oil-Gas-Too-Legit-to-Quit-Even-for-Labour.html

Windfall tax ends with no replacement in 2030, and new oil allowed via tie backs. Fantastic news for the North Sea and Enquest who will be paying zero tax from 2030. Let’s hope Millibrain now resigns or is sacked too.