http://www.falklands-oil.com/

http://www.rockhopperexploration.co.uk

http://www.argosresources.com/




Rockhopper was established in 2004 with a strategy to invest in and undertake an offshore oil exploration programme in the North Falkland Basin. It was floated on AIM in August 2005. Rockhopper was the first company to make a commercial oil discovery in the Falklands. Today Rockhopper is the largest acreage holder in the North Falkland Basin, with interests in the Greater Mediterranean region.

marky how much and why? Sentiment turned negative for FI shares atm,we need DES to strike or further to fall.

true, but RKH will be much the least affected downwards

Anyone else expecting by close of play or within the allowed 48 hrs that an RNS re an institutional buy or two comes in?
No doubt they won't have panicked like the many PI's that have.

Have heard from a fellow investor that there are rumours of a placing at 450p.
Anyone else heard the rumour or is this something that has grown legs on the iii or advfn bbs?

it is the sort of level one might expect and not too high a discount which is good

Hi TT,

That rumor was doing the rounds on iii yesterday. I agree though, it does look about right for a placing, but if it was fact I would have thought we would have heard firm news by now. But with our level playing field/100% straight markets, who knows!

Bounce?

Just spotted this quote and comment from a book review of, 'Extraordinary Popular Delusions and the Madness of Crowds by Charles Mackay'.

Quote.....''A person is intelligent, people are stupid."
Reviewers comment...."Whoever once said that must have been referring to stock market manias".

No doubt most 'individuals' thought today movement of the sp was ridiculous, but as crowd sentiment!
So it's very apt for todays investor movement in RKH.

as is equally often said, hindsight is foolproof! ..... for myself, i'm very glad i bit the bullet at 465 this morning, though the result of the sale was "no blood"; sp could easily have continued to plunge, though it happens that it did not ..... indeed, i bought a few back at 461 which makes the position pretty o'weight once more, but i may well trade these

Not sure I agree with your post #2933 greekman. We only found out about the recent DES equity issue on the day it happened. There was no hint of it from the press or on the bb's in advance. I wouldn't be surprised if RHK just announce that a placing has been successful.

Go on go on go on..!

Got things right today on this 450p plus an upsurge back to 500p or nearabouts....well 480p....

but did you buy at 450 or just talk/think about it?

Harrycat,

Could be right. But I look at the markets as having more leaks than a sieve.
For example, the FSA are looking into the last 12 months of mergers and acquisitions, as there were unusual trade movements in almost 50% of these prior to general news release. That is a massive number.

No.....just before closing last night...came in 475...going long....thought it might drop to 450p.....wished I'd waited.....just my guessing was right.... not my investing....if it carries on up tomorrow...I'll be pleased....

guessing is easy - there's never any pain attaching!

Like a virtual portfollio...no emotion or real money to lose and the decisions are easy.

Greekman - perhaps FSA could save some time. As I suspect they'd be better looking for deals that are entirely without inside knowledge.

"insider"......what exactly does it cover? It would be easy enough if it applied to Directors/execs/employees working in a Co that is about to do a deal (or whose Results are out soon). But what of their partners/spouces/friends etc.

I believe it is easy to spot by looking at deals larger than (Say10k) within 7-days of a sp rising more than 20%, 20k within 5-days and . . . . .

But what do others think?

10k????????????
haven't you omitted at least one 0??????????

10k is serious peanuts, if that isn't too bad an oxymoron

Anybody going to the AGM tomorrow ?.....bring back some nibbles and a few bottles of bubbly...or is that not what they are about ?,.... these do's ?...