Rockhopper Exploration Share Discussion Threads

[gozzie2] 22/1/2024 18:54

I have bought into numerous companies since 2020 when I started buying after the pandemic caused people to sh1t themselves and sell lol ?I forecast that February 2020 when people thought it was the sniffles like Johnson ?Absolutely the logic I use?Even worked for this, but I waited until there was material evidence for this play ?It was 4p March 2020 ?You stick to your strategy?Il stick to mine ,?Cheers

[gozzie2] 22/1/2024 18:50

You missed this bit son ??Ø Tranche 1 - Rockhopper will retain approximately ?15 million of an upfront payment of ?45million on completion. As previously disclosed, Rockhopper entered into a litigation funding agreement in 2017 under which all costs relating to the Arbitration from commencement to the rendering of the Award were paid on its behalf by a separate specialist arbitration funder (the "Original Arbitration Funder"). That agreement entitles the Original Arbitration Funder to a proportion of any proceeds from the Award or any monetisation of the Award. Rockhopper has entered into an agreement with the Original Arbitration Funder to pay ?26 million of the Tranche 1 proceeds to discharge all of its liabilities under the agreement with the Original Arbitration Funder. In addition, Rockhopper is due to pay certain success fees to its legal representatives. After making these payments, Rockhopper will retain approximately ?15million of the Tranche 1 payment and 100 per cent of all Tranche 2 and 3 payments.Ø Tranche 2 - Additional contingent payment of ?65 million upon a successful annulment outcome. Should the Award be partially annulled and the quantum reduced as a result, then Tranche 2 will be reduced such that the amounts under Tranche 1 and Tranche 2 shall be adjusted downward on a pro-rata basis. For example, if the quantum of the Award is reduced by 20%, then the amounts under Tranche 1 and Tranche 2 shall be reduced by 20%. For the avoidance of doubt, the amounts under Tranche 1 and Tranche 2 shall not reduce below ?45m in any circumstanceMaterially strengthens Rockhopper's balance sheet with no dilution to shareholders· De-risks the Award process while maintaining potentially significant upside· Removes future costs associated with the Award· Accelerates monetisation when compared to Rockhopper challenging the annulment itself and seeking to enforce against the Republic of Italy, which could take several years· Allows Rockhopper to focus on its core opportunity in the Falkland IslandsProceeds from the monetisation will be used by Rockhopper for both working capital, general corporate purposes and towards Rockhopper's equity funding requirements in relation to developing the Sea Lion oil field

[gozzie2] 22/1/2024 18:44

He needs to get his FACTS and his FIGURES right lol ??#Clueless

[gozzie2] 22/1/2024 18:43

He seems to have missed this bit lol?What a m0ron ?Corporate Update The Company's cash position as at 31 December 2023 was approximately $8 million which does not include a further $2.2 million receivable by the Company in January pursuant to the exercise of warrants. Further to the announcement on 20 December 2023 regarding the monetisation of Ombrina Mare Arbitration Award, the Company continues to work through the requisite approvals and still expects completion by no later than 30 June 2024

[factsandfigures] 22/1/2024 18:35

Rockhopper Corporate Update 22/01/24
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The Company's cash position as at 31 December 2023 was approximately U.S. $8 million

which is a paltry £6.3 Million in Sterling

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It's not even enough to cover the Ombrina Mare appeal and legal costs !!!
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[gozzie2] 22/1/2024 18:12

Only 3 years according to the Irish leprechaun?2 years we are constantly being told by the companies involved?Soon be Xmas?Chances of survival and not being a pile of dust by then 4/6??Just keep the m0rons occupied??Whatever would they do without me ?My life will get better soooooon?Will theirs ????

[gozzie2] 22/1/2024 18:09

LolThis is just the extreme version ??We will get there ?Slowly slowly catchee monkey?Buffett's point is that having the right temperament is often more important than having a high IQ or being exceptionally knowledgeable about finance. Here are some reasons why temperament matters: Patience: Successful investing often requires holding onto assets for the long term, even with short-term fluctuations.

[gozzie2] 22/1/2024 18:00

#WheresTongo ???

[gozzie2] 22/1/2024 17:55

Really upset the sh1thouses today ,with the good news from Rockhopper lol ??Out in force ???Oops ?

[redistributingwealth] 22/1/2024 17:54

Better tell Natalie you've invited us around Steven..

[gozzie2] 22/1/2024 17:52

Do it sh1tbag ??What you waiting for ???

[gozzie2] 22/1/2024 17:44

Wheres Tongo lol .??.De@d like Trop ??

[gozzie2] 22/1/2024 17:37

Hope you are correct on 2027 ??Absolutely perfect?By then you will be 6ft under being and old cnt, so it's a WIN WIN ??Cheers

[gozzie2] 22/1/2024 17:22

PS How wetherspoons doing, that you said is a sh1t company???#Clown lolFACT

[gozzie2] 22/1/2024 17:19

Hopefully you will be de@d by 2027??4/5 that chance lol ???