The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
with the demise of Ladyboy Nigoil , the ultimate wind-up merchant .
Now we can have a normal debate without , with luck , any obnoxious persons trying to take over the whole board and without the need of having to filter people .
Best wishes to all and especially all LTH's .
I reckon his/her/it/their judgement day came on 31 Dec. 2019 , by which time we did not get the " FID and Sanction In 2019 " LOL ; Idiot !!
The 150m swallows may bring the Corona virus with them and pass it on to Nigoil LOLLOLLOLLOL !!!
I'm guessing Euros 135m - 35m for legals = 100m .
Then , if BOD have got any sense , which is doubtful , they should spend most of it on a massive share buy-back , effectively increasing our % share of Sealion plus Izzy and Elaine etc . This would then more than make up for the lost % to Navitas/PMO per Jan'20 RNS.
No news yet .
I smell a bit of Berlusconi corruption somewhere !!
The Russians will always take anyone's side to be against Britain and/or the US !!!!!!!!!!!!!
What will happen first :-
Completion of HS2 rail link .
or
FID and Sanction of Sealion .
Re the debate about Marlon's conclusions , all I can say is that I dearly wish he was here now . His knowledge of the whole of the FI offshore prospects/fields was invaluable . No one left here now can possibly compare with him , especially the Rampers who haven't got a clue about what is below the sea .
Marlon and Oilbrat were the best posters by far that I have seen in all of the 22 years I have been reading on these boards .
Much. 10.26am. We (RKH ) will be cash rich . True --- but for how long with this profligate bod ?? As I have said in the past , the only way for RKH to retain any value that the OM award will bring is for the bod to embark on a huge share buy-back thus effectively increasing its % in all of the licences . It won't do to just sit on a windfall as it will undoubtedly burn a hole in the bod's pockets who just love to spend, spend , spend , either on themselves or on ill-judged projects !!!!
If RKH used most of their Arb. Award to facilitate a share buy-back , then , at current prices , RKH's number of issued shares would be halved , which would be the equivalent of increasing our share of Sealion and all the other prospects to 60% !!!
This would have a fantastic knock on effect to the share price - the BOD would be crazy to not give this serious consideration .
$275m is claim .
50% appears to be generally accepted recovery = $137.5m
Est. legals etc. , say $37.5m
Leaves a Bal. due to RKH of $100m
= £76.9m after conv.
Divide by 458m issued shares
= 16.79pence per share.
With whatever award we get from OM
Eight !!!!!!!!!! green messages in a row !!!!!!!!!!!!
Garbled ,
G1 was Galileo 1 and used to post on iii in the old days prior to and just after the Ocean Guardian was mobilised .
GL
£10,000 per kick ; £ 50,000 per goal ; (£5000) per yellow card ; (£25000) per red card.
If the old O.G. had hit the black stuff I reckon Des would have got to £50 never mind £20 --- I think they only had about 40mil shares issued at the time , though I could be wrong- it's a long time ago !
GL with your Arg. too risky for me now .
Hi Garbs ,
You said , " the sea around the Falklands is awash with oil and gas " ; pity that Phipps and Des didn't find it ?? I have been in since 1998 too - and you're right it IS a bloody long time. But we didn't deserve for Moody to give away 70% of it for practically nothing !!!
Wonder what Oilbrat and Marlon Monkey would think/say about it ??
Well said, Surfit . Agree with all of it !
Its got masses of bedrooms ; a lovely dining room , which needs upgrading ; and a large bar , also needing upgrading . I am looking for two partners to come in to this business ; one for 40% and another for 30% . I don't want any payment at all for this ; it is completely free ; all that is required is pro-rata shares of costs for business rates and utilities etc. and also to help with the upgrading . All profits will be shared on a pro-rata basis . Once all the work is done , we expect to make fabulous profits from an exclusive clientele .
Do I have any takers ??
Hi LTT ,
Welcome to the club --- I have had the unruly teenager on filter for a while .
Best wishes.