All good @Delta2017 Can I ask why are you holding if you think...

First 10 Last

Share
Profile

Follow
Mitchdon

867 Posts.

463

20/09/24

15:50

Post #: 75767499
Share

Originally posted by Delta2017: ↑

Hi @Michdon
thanks for reapond

with all respect i dont agree with your comments

we all agree north sea oil & gas situation is not like before but big players in uk energy business still making money although it wont be the same profit like years ago

RR has no interest in what HHR is offering AT THE MOMENT and i believe it will be at least for a year or two

when things are getting tight big players and businesses focusing on plans and projects which are making a profit quicker ,

Viaro ( RR) are not interested to spend and invest their capital cash in this situation on HHR which at least takes 2-3 to get to pumping the gas because it is too risky
they dont know what labour gonna do next year or year after
this is exactly the hold point

RR has not even release one statement about future of JV since.

Chris and management know , nothing will be achieved in next 12 months and they stuck in this situation

it does not make sense if HHR believes by end of oct RR gonna say : let go ahead , they wouldn't buy their own shares as business investment for one year and sell it with few millions profit ,

this is what twiggy did back in 2017 , FMG bought 500m of their shares @ $3.8 and sold over $15 ,

HHR now blaming on uncertainty & labour policy!
they delayed the FID for more than 6-7 months last year
August 2024 , September October, November, December, January nothing happened

and now they lost RR support and have no choice to wait and now time is against them

HHR can be good long term investment for RR not a short term

at this windfall tax situation only short term projects which can make a profit in short term are considering and executing to make a business going forward

I believe there wont be any movement in JV agreement between HHR & RR after oct 2024

IMO HHR must make their mind and sit dow with RR to discuss about two options
go ahead or walk away otherwise HHR goes down more every day
you can see this from the share price, frustrated investors

Expand

All good @Delta2017 Can I ask why are you holding if you think nothing is going to happen with the JV? Clearly if what you suggest happens the SP will fall.

I'm holding because IMO the downside is already priced in and the SP will kick if Labour bends and Viaro gets interested again.

HHR Price at posting: 0.7¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

NVU

Nanoveu surges 10% after benchmark testing for new AI chip begins

Week 42 Wrap: HotCopper's top picks; new ASX 200 record; world yawns at war

What's causing the cost-of-living crisis, and how to navigate it

IRX

InhaleRX snags $38.5M in funding from VC biotech funder Clendon

M4M

Macro, Norden set up transport solutions initiative for West Pilbara

SWP

Swoop lobs $18M offer at microcap telecom Vonex – in which it holds 19.9%

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

TLG

Talga Group wins key permit for flagship graphite mine in Sweden

SNX

Sierra Nevada raises $2M for silver exploration at Blackhawk

MTH

Mithril's drilling in Mexico picks up silver at 997g/t, gold at 28g/t