Member Info for buzzthomas

Pauldrayton, have you sold any RKH shares in the last six months ???

Mogger still not answering if he has sold any of his RKH shares in the last 6 months I see.

I see the rampers are out in force today again.

Nasty , for many possibl reasons !!!

Mogger have you sold ANY RKH shares in the last 6 months ?

Page 9 of RKH's corporate update it clearly states "positive initial feedback from providers of capital" to senior debt facility. Why most on here think senior debt is nailed on here is beyond me.

Stevo12. I wouldn't count on it. Those lucky investors who got their 53p conditionals would be very tempted to take a massive easy profit at this share price. Possibly millions of shares coming to the market ON FID . (That is if finance is even forthcoming) AIMO

Happy, I'm still NOT convinced Navitas will get bank finance. AIMO

Investors bailing before monday. ;)

Hsbilkhu, I'll comment on Monday when we see what Navitas are really made of.

My understanding is Navitas/RKH require $800m cash equity contribution. (Navitas future cash flows not counted as equity)

A precondition of the loans is that the remaining $800M project finance is funded from equity participation by the partners, so:

35% by RKH = $280M

65% by Navitas = $520M

RKH is raising $140M by way of placings and open offer, so they are $140M short, which Navitas are contractually bound to lend them that amount, interest free, from their own placing and open offer, as mentioned in their TASE notification (To be agreed in principle on Sunday 7 Sept). This placing is to Israeli institutions who seemingly have already agreed to take part.

Navitas is proposing to issue only 9 million new participation units worth around $300M through placing and offer. So, the balance of their fundraising ($160M) is to bolster their own cash reserve, taking regard of existing and future cash flow from Shenandoah, to $520M, so assuring Barclays that it all hangs together.

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Doesnn't look correct to me !!!

Croftoriginal2, I notice you completely disregard what happens to the share price if Navitas funds aren't forthcoming this weekend.

HappyInvestor100, first possible problem arises this weekend if Navitas can't get their Israeli "friends" onboard forget future problems to first oil.

Bigred7, how much do Navitas have to raise ??? $700m ???

Nasty , you might have to keep on working if I'm correct. ;)

EG777 I could have misread the Google translated document. *I wish I had took a screenshot" as I have just used google AI for this :

Details of the Financing Arrangement

Mandate signed: Navitas Petroleum, the operator of the Sea Lion project, has signed a mandate with an international technical and lending bank.

Lead institution: This bank will serve as the lead in securing the project financing.

Additional capital: Other investors are expected to provide further capital to the project.

Project goal: The partners aim to complete the financing within six months, paving the way for a Final Investment Decision (FID) later in 2025.

HappyInvestor100, I think you are wrong. FIG approval is only a part of due diligence. I also find it strange there have been no holding RNS's and no director share purchases of late. If Sealion is a dead cert and RKH cheap both would surely buy !!! Like I said its a bit strange.

There's simply no way they would raise equity otherwise.

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Happyinvestor100 , it's conditional !!!

HappyInvestor100 i think everything is in place for FID (FIG, Navitas etc etc). I just still have doubts on bank finance. We will see !!!