Rockhopper Exploration Share Discussion Threads

[cyan] 26/8/2022 16:57

I think my posting history has been perfectly reasonable and well argued like here where I took on an attempt to deramp RKH.

cyan - 29 Mar 2022 - 10:51:41 - 85708 of 93420 RKH - RKH
FACTSandFIGURES wrote;

"A quick glance through Rockhoppers' Financial Accounts reveal that as at 30 June 2021 only had Cash Reserves of U.S. $5 Million remaining."

Was a very quick glance I fear.

From the half year results;
"At 30 June 2021, the Group had cash and term deposits of US$7.1 million"

The cash situation is a serious issue. Administration and liquidation are not on the horizon, imo.

In the worst case scenario our management will fund raise; most likely by the issue of new equity.

A dilution would be unwelcome and we must hope that an OM award may settle our weak cash position.

With high POO and Navitas interested, SL's development looks odds on, imo,.

Financing will be the key and Navitas have a record for being able to raise development capital after raising finance for a similar large capex development.

[cyan] 26/8/2022 16:52

Wind your neck in Falklandi . People can read the truth of what have actually written and not your misrepresentations.

I have had a rather negative view of BOR and ARG prospects to which I know you are a shareholder and I think that this has gotten your back up. I do not hold those shares BUT do hold RKH.

The recent Canadian interest in BOR is intriguing and the share is price rising so its now a waiting game there.

[falklandi] 26/8/2022 16:34

Cyan,
It's all on LSE....all in black and white.
You have very selective and short memory.

[shareho1der] 26/8/2022 16:22

ARG and BOR have suddenly jump up

[cyan] 26/8/2022 16:00

Just back on the BB.

If you really want to know what I have posted previously please read for yourselves and beware of those that misrepresent.

There is a lot of rubbish posted on this board.

[tizo100] 26/8/2022 15:53

email Sam and ask him

[falklandi] 26/8/2022 15:34

JN, I will buy 1m shares if it does.

[trop2] 26/8/2022 15:20

Sewage washing up mr mannering, when canna go home? Lol pike dover

[jnbrw] 26/8/2022 15:06

Looks like it's heading to the warrant price as there is a lot of dilution to come at that level

[falklandi] 26/8/2022 14:59

Cyan was telling us :-
-Rkh will never develop SL.
-Rkh will never have a partner.
-Rkh will never win OM case.

Have a look at his posts history.

[noirua] 26/8/2022 14:39

EK - Master Investor

...who will now have to pay up c. 235m Euros or £200m cash...

Maybe EK's estimates fail to take into account the fact that the money is not in the bank as yet. Also whether Italy will appeal - many say final and binding but it rarely is.

The share price is struggling to find the right price in the above scenarios. Also how much was in the share price already and as mentioned any taxation issues?

[nigoil] 26/8/2022 13:46

How do you talk on a post only forum?... LOL

cyan has never been correct once!

cyan just copies and paste!... LOL

cyan just posts half a story as always to try and instill fear!

Peeps do your own research!

Rkh has got one h£ll of a future!

TICK TOCK

Orders nearly filled!

In Sam WE trust!

Simples!.... :-)

[datos] 26/8/2022 13:41

The username Nigoil seems to HATE girls especially if they talk sense

[nigoil] 26/8/2022 13:29

cyan posts nothing but b0ll0x!... LOL

Rkh are in the best position that they have ever been in, please do your own research!

Order nearly filled!

TICK TOCK

In Sam WE trust!

Simples!..... :-)

[cyan] 26/8/2022 13:18

30.5.22

"Management believe the most likely timing of payment is in line with the first royalty payment ......
...............Currently, therefore, payment is anticipated to be in 5.5 years ."

Gives us a clue as to how long management thinks we will be waiting for SEA LION revenues.

[gaffer73] 26/8/2022 13:17

We have 600m of losses to carry forward though.

[nigoil] 26/8/2022 13:15

cyan and auson1 are pseudonyms used by the ' GIRLS'.....

TICK TOCK

In Sam WE trust!

Simples!..... :-)

[cyan] 26/8/2022 13:06

Good afternoon auson1

The tax liability has dropped from £64 million as announced in 2020 to £59.6m

"....the Falkland Islands Commissioner of Taxation agreed to reduce the tax liability in line with the terms of the Tax Settlement Deed. As such, the tax liability has been revised downwards to GBP59.6 million."

That's from our results RNS published 8th April 2020 here ;

"TAXATION

On 8 April 2015, the Group agreed binding documentation ("Tax Settlement Deed") with the Falkland Islands Government in relation to the tax arising from the Group's farm-out to Premier.

The Tax Settlement Deed confirms the quantum and deferment of the outstanding tax liability and is made under Extra Statutory Concession 16.

As a result of the Tax Settlement Deed, the outstanding tax liability was confirmed at GBP64.4 million and is payable on the earlier of: (i) the first royalty payment date on Sea Lion; (ii) the date of which Rockhopper disposes of all or a substantial part of the Group's remaining licence interests in the North Falkland Basin; or (iii) a change of control of Rockhopper Exploration plc.

During the first half of 2017, as a result of the Group receiving the full Exploration Carry from Premier during the 2015/16 drilling campaign, the Falkland Islands Commissioner of Taxation agreed to reduce the tax liability in line with the terms of the Tax Settlement Deed. As such, the tax liability has been revised downwards to GBP59.6 million. The outstanding tax liability is classified as non-current and is discounted to a period-end value of US$39.2 million.

[nigoil] 26/8/2022 12:54

"Cyan I know has done his research !"..... How do you know?... LOL

cyan has never been correct once! cyan is a pseudonym the ' GIRL S' use to try and help them in their strategy! Don't be f00led by the ' GIRLS'.....cyan is a copy and paste merchant who will try and sway your opinion!

Peeps do your own research!

TICK TOCK

In Sam WE trust!

Simples!...... :-)

[cyan] 26/8/2022 12:49

30.5.22 results RNS extract;

"On the 8 April 2015, the Group agreed binding documentation ("Tax Settlement Deed") with the Falkland Island Government ("FIG") in relation to the tax arising from the Group's farm out to Premier.

The Tax Settlement Deed confirms the quantum and deferment of the outstanding tax liability and is made under Extra Statutory Concession 16.

As a result of the Tax Settlement Deed the outstanding tax liability is confirmed at GBP59.6 million and payable on the earlier of: (i) the first royalty payment date on Sea Lion; (ii) the date of which Rockhopper disposes of all or a substantial part of the Group's remaining licence interests in the North Falkland Basin; or (iii) a change of control of Rockhopper Exploration plc.

The tax liability is a non current liability and as such has been discounted. Management in reviewing the carrying value of the tax liability have had to make key judgements about both the timing of the liability and the discount rate applied.

Management believe the most likely timing of payment is in line with the first royalty payment . Based on previous correspondence with FIG, Management does not believe that the Transactions completion would constitute a substantial disposal and therefore will not accelerate the liability. Currently, therefore, payment is anticipated to be in 5.5 years (2020: 5.0 years).

As at the year end a discount rate of 12% (2020: 15%) has been applied. Management has made the judgement to reduce the discount rate used at the year end due to a number of factors including a reduction in market interest rates of debt issued which in management's view has a similar risk profile. If the discount rate applied had been increased 2% this would have reduced the liability by $US4.0 million and if the rate had been decreased by 2% this would have increased the liability by $US4.5 million.

The impact of changes to these judgements in the year increased the balance by US$3.2 million (2020: US$nil) and has been treated as a finance expense.

This increase has been offset by a foreign exchange gain of US$0.7 million (2020: US$1.5 million loss) in the year."

[auson1] 26/8/2022 12:36

Cyan I know has done his research ! You guys however.. just clutching at straws to de-ramp.

The £64 million DEFERRED tax liability becomes payable in the event of a take over of RKH so it gives us some insurance against a cheap take out !

[nigoil] 26/8/2022 12:30

The 'GIRLS' whether on Lse or Advfn have a job to do! They are paid scribblers who use many pseudonyms, cyan, ovets, rpoodle, bigred10, auson1 etc etc.

OUR advice is to ignore these posters as they will cost you a lot of serious money!

Rkh has got one h£ll of a future and patience is required! The share price will soon be re-rated, so either buy or hold, selling is not an option at this present time, unless you're a trader or working like the ' GIRLS' for the hedge funds! An order is being filled as WE post!

TICK TOCK

In Sam WE trust trust!

Simples!....... :-)

[nigoil] 26/8/2022 12:19

cyan is just one of the ' GIRLS', unfortunately she doesn't know when to give in, she has never been correct once!.. LOL

TICK TOCK

In Sam WE trust!

Simples!....... :-)

[cyan] 26/8/2022 12:18

I suggest everyone should read all available documentation for themselves and not rely on anything posted on BB's.