Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Navitas are certainly making the right noises but the wider market wants to see some concrete action before re-rating.
IMO the price will change when FEED happens - or when it is known that FEED is going to happen. That should be proof that this is really going to happen and cause a stir.
Once bitten, twice shy as they say.
On initial inspection looks a decent deal, something that keeps RKH in business until Sealion is sorted.
I don't think it will move the sp much - the market will only reward action wrt oil extraction. Once bitten ....
Hopefully Navitas will deliver on that side of things, they are giving off the right vibes. Should find out within the next 12 months.
To be honest why wouldn't it be true? They are sitting on a huge oil field and time is of the essence. If these guys are as efficient as many have stated then I'd fully expect them to be moving to production ASAP. It's worth nothing in the ground.
Either way we can't do anything to influence things so no point getting worked up over an anonymous poster on a bb, even if that poster is One leg Pete\Sharkeys\blue bottle Gobbled.
Whilst another interesting piece of information there is still a long way to go. I can remember excited announcements in the past of hiring Jungels and it led to nothing. I want to see real world developments in the FI, too hard bitten to allow myself to get my hopes up with RKH. Stay grounded people.
Why don't you sell 1/8 of your holding and use that to pay for this? That's what I and many others have done. Yes you get diluted but you also get 9p options on 1/16 of your original holding. I'm not wasting another penny on this company but still see the benefit of having the option so that's what I did. I understand your sentiments though, RHK have been a train wreck and it's far from certain if they will ever become an oil producer so don't waste any more cash.
IMO anyone on here who thinks RKH will get the cash any time soon is probably being a bit too optimistic. I do believe they have won the case and I desperately want RKH to get on with Sea Lion but as anyone who has experienced Italian bureaucracy will probably suspect getting the money is going to be a slow process. I love the place but their governance is labyrinthine.
I think people are being wildly optimistic about getting a quick settlement from the Italian government as in my experience they are world class at bureaucracy and procrastination. That's why I think RKH's lawyers need to be trying to do a deal with them (I believe they have won). A bird in the hand is worth 2 in the bush as the saying goes.
Lots of people on here think OM will be finished within weeks but what if the Italian government appeal? What if they go slow on any payment? It's far from certain that RKH will get any cash soon so I hope their lawyers are working on some deal to get a quick payout, we just need enough to get to Sealion.
Just how in hell did that idiot Moody squander all that money? He could have put RKH into hibernation in 2012 and gone on a decade long world and we'd be better off than we are now. I still want him gone.
Just getting rid of PMO is good news, RKH was dying whilst attached to them. The Israelis have always struck me as grounded practical people and they would have gone into this with their eyes wide open so I expect them to move quickly. As for OM I'd like to see a quick resolution. Sealion is the goal and if a reduced award gets us to the goal quicker I say make it happen (I think they will win the case BTW). Don't see the SP doing much at the moment, Mr Market still wants to see some real action (can you blame it?) but at least it's a 2nd bite at the cherry.
I'm beyond their excuses, they are failing again. Still it buys them more time to drain the bank accounts further and quite a few on here seem to be OK with it.
How many of the original holders have passed away waiting for these fools to do something?
Why do posters keep on assuming the oil price will push this company valuation up? If you don't produce oil the price is pretty irrelevant. Over the last decade they have extracted the same amount of oil from the ground as I have i.e. zero. If company valuations were based on PDF output RKH would be worth a fortune but it isn't I'm afraid. Mr Market keeps on saying 'show me the money' and Moody and co keep on failing to deliver.
Just as PI's were starting to organise some resistance we got the Navitas news and the resistance fizzled out.
Since then Harbour are still hanging around like a bad smell and Navitas has done nothing. The bank account keeps on bleeding out and PIs are once again left in the dark.
Hurry up Navitas, patience is beyond stretched for most PIs.
What they should never have done is been stupid and greedy by signing away all control in 2012. It didn't matter what the headline compensation was, once they signed that deal they lost everything. PMO were able to sit on their hands and bleed RKH to death which is exactly what they have almost done.