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Extrapolating the key events that happened with ref Shenandoah & Monument, I would expect a corporate bond "NVPT.F" to issue shortly after the Sea Lion FID is announced.
Patience
OIL
Couldn’t agree more. Comforting to know.
Tx
N
Now that is impressive Oscar !!
NVPT.B6 910 million NIS was ** NOT FOR SEA LION ** Proceeds are for 1) an early repayment of NVPT.B2 of NIS 726.5 million, 2) for Monument FID, and 3) for other general corporate purposes. Demand for NVPT.B6 was almost NIS 2 billion.
Only shows that Navitas can raise capital in Israel.
Patience
Went down at 10:00am to 100,000 @12.5p
Interesting that the L2 Bid hasn’t changed all day
07:51 4,350 13
07:51 4,600. 13
And in fact at
Some nice AT going through
It’s almost as if the SP is being ‘held’ at 13p.
Trust Gideon & Ian. They execute. Trust earth to run out of the molecules. Trust humanity to demand energy. Make a Will. Stay healthy. Accept reality.
Patience
We have to trust in Gideon Tadmor. He's the man who can pull this off. Already known in the industry as a Pioneer for bringing the Leviathan discovery to production with Delek, where he was CEO.
He then founded Navitas and pulled another monster rabbit out the hat with Shenadoah and he then pulled yet another out with Sea Lion.
The man is unstoppable !!! And it's him we are effectively investing in through Rockhopper.
So we can be confident this is the man to pull this off, it's what he does !
There is no doubt he will be revelling in overcoming all the challenges SL faces and his renkown determination & business acumen will get us to production.
In Gideon we Trust 👊
Actually agree with chessmaster, believe it or not, that can't see obvious need for third partner. But Navitas have said they're moving on it so there it is. For me I take what they say straightforwardly at face value, neither more nor less. It will help the financing happen presumably.
But not really interested as long as everything is as stated and so rkh don't give up anything.
Still, idle curiosity tells me that if you look further behind whoever it is when it happens you might find Stankovsky there. Just don't see otherwise why the whole caboodle would be worth it to him. Would.not be the least surprised if Chanan Wolf turn up there as well.
But, again, as long as it happens I couldn't really care.
Navitas, Delek and NewMed are all up today so hopefully nothing too problematic. But does sum up RKH's luck if it has once again delayed things.
That's interesting TNM, let's hope that wasn't money they earmarked for a share of SL and thus part of the overall finance package.
There's no saying this is the case and they may not be interested in SL but even if this is the case, suspension is potentially only temporary and they only need around $400mln to kick the basin off but the sooner Israel's stop their offensive in Gazza the better for everyone.
My gut feeling is Navitas have no intention of giving away 30% (175mln barrels) of their own share for nothing and will look to fund the project on its economic merits. They will only accept a partner if the partner pays to farm in as well as sharing the costs. I may be wrong but that's what I think.
TCM
Pretty much agree with all you said.
Just one note regarding Delek: They own 55% of NewMedEnergy and the USD$2 billion sale to BP/Adnoc was recently suspended leaving Delek with substantially less cash than in the near future than planned.
Kind regards
N
https://www.upstreamonline.com/finance/bp-and-adnoc-suspend-2-billion-israeli-gas-deal-due-to-conflict/2-1-1611736
At Nastynick:
Lol!! Exactly. I have also also been in for decades, awaiting the 'quick' profit to be followed promptly by beaches and geisha girls. Now when it finally comes, I will more likely have to settle for spending it on grandchildren. Sigh....
Lol!! Exactly!
Funding is the Big one, can Nav pull it off 🤔.
Its a big ask for a company of Nav's size but they appear outwardly confident inspite of being refused UK backed bonds.
Once funding is secured- FID becomes a mere formality, so this is, for me, by far the issue of most importance as it makes or breaks the project.
As we know, many banks won't lend because of the disputed waters issue and a number don't fund oil projects any longer but there are banks & Instuitions that will still fund oil projects so its these that Nav will turn to, likely mostly in Israel, for funding alongside some bond issues.
The improved project economics look extremely robust at current prices which should be a big plus for any lenders and Nav may also seek a partner (Delek) to mitigate the risk if terms can be agreed. This would be a prudent move as opening a new Billion barrel basin is a big ask for two companies of Nav's/Rkh's size & resources but I do think/hope they can pull it off and I eagerly await funding news-which should come before FID.
At Godders and latics. I have been invested in Falklands oil story since the late 80s via Desire, as a get rich quick scheme when I was serving in RAF. All these years later and knowing all the bumps in the road so to speak I seriously believe we are finally close to the prize. When I hear the complaining and negative nonsense, I try not to react, having kept my nerve and now heavily invested in RKH. if this gets to £1 or even close I will be filling my boots on fast super cars, Filipino and Thai super models and live out my days happy and without regrets. it will just be 35 years later than I planned.
GLA
Dodge; You will only see bigger sales when we get some tangible news, like Funding ,FID & OM.
These are the 3 main catalysts that should drive the sp north in the second half of the year.
At £83mln, Rkh is arguably, fairly valued at this moment in time,considering there is no SL Funding/FID or decision on the OM appeal.
When there is the shares will rise accordingly on each piece of news.
The shares have performed reasonably well since the fund raise. They're up almost 100% and the warrants are in the money by 40%.
So I don't expect any significant moves until we have significant news.
Personally, I would rather the sp slides down unitl we get big news so I can continue accumalating @ cheaper prices but my accumulation will continue regardless of cheaper or dearer prices - right up to the first big rns.
The oilprice is looking good and we can expect funding 'before' FID,also an FPSO LOI could land anytime as could a partner (Delek),so its just a matter of waiting for the first big piece of the puzzle to land, which should kick start, what should be a protracted ascent north on the 3 main catalysts in 2024/ or early 25.
Seriously? Absolute tripe.
Might see some bigger sales in early April as peeps move their allowance into ISAs. :
Personally, I'm fully loaded up with RKH shares and have been for quite some time. Probably have more than I should but that's the gamble. Trialling retirement at the moment so no longer have the funds to invest more - probably not a bad thing for me. I'd imagine quite a few on here have already taken their position on this stock hence why they are not currently buying in droves. One wiff of a positive announcement could easily change that.
Good luck to all long suffering holders!
Fair point Latics. Im just angry. As shareholders we get a rough deal.
I was surprised to see that Navitas’ share price has slipped a bit over the last week or so, any reason or it just taking a breather..?
If RKH is such a dead cert that this board in the main believes, then why are you guys not buying in droves ?