RE: Why would Harbour NOT buy RKH17 Feb 2021 10:53
Stevo12,
You are right that Harbour would most likely offer paper, the thing is if they do that they miss out on a having a second listing being Rockhopper which they can use for funding via share issue.
Although as you state dilution for Harbour shareholders would be minimal it would dent sentiment and I think they will want to build sentiment, trust and respect from potential investors once they are listed.
Where did you find the date June 21 for UKEF fossil fuel funding end ?
Extract from the Sealion farm in update
' In addition, the effective date of the farm-in proposed in the January Heads of Terms will now be amended from 1 March 2020 to the date on which the Falkland Islands Government approves Navitas becoming a licencee (targeting late Q3 or Q4). In turn, Premier will fund Rockhopper's share of the remaining pre-effective date costs, with interest accruing at 12% per annum, which, on completion of the farm-in, will be rolled into the Standby Loan.
The previously announced Standby Loan (which will be available from Premier to cover Rockhopper's share of production area licence fees and any Capital Gains Tax liability) will now attract interest at 12% per annum (previously 15% per annum).'