Member Info for buzzthomas

I noticed Delek raised some cash today from a part disposal of Itahca. Is that linked to this weekends Navitas meetingby any chance ???

EG777 I saw the name of an Israeli bank in one of Navitas documents that I googled. I could easily be wrong. Sam could still be correct. The Israeli bank I saw named in the translation may be a big household name in Israel !!! Who knows.

I'm still not convinced Sealion will get finance. I believe the funding is being conducted by an Israeli bank. If I'm correct I still believe funding may not be forthcoming. AIMO DYOR

Possibly but what's for sure is there must be some "Arbitrage" between the new Israeli investors on any FID. (If they get bank finance) & If (Israeli manage placings this weekend?). Sell the overvalued and buy the cheaper less risky !!! ;)

Navitas Market Cap only ~£2.4bn. Why would you buy RKH shares (~£680m post FID) and NOT Navitas ???

Surely one must be cheap or the other expensive !!!???

Also from the annual report :

Commercial ramp up in this

space usually takes 3 to 5 years, depending on the

regulatory classification of the device.

Daikihaku1, explain why no RNS holdings of late. (last one an offload if i recall) I bet you don't want to debate that either !!!

Mogger, I'm not surprised you don't want to comment on valuation post FID ~900m shares in issue. ;)

Mogger since you are appear to be a well respected,well researched and well connected investor in RKH maybe you would like to give your opinion on current valuation on FID (If finance is successfully sourced from the bank) given first oil is ~2.5 yrs away with many potential delays/pitfalls???

Mogger since you are appear to be a well respected,well researched and well connected investor in RKH maybe you would like to give your opinion on current valuation on FID (If finance is successfully sourced from the bank) given first oil is ~2.5 yrs away with many potential delays/pitfalls?

Longtermthinker, I meant the to date estimated $1bn bank loan that RKH/Navitas require.

Mogger if you are wrong about me (which you are) then I obviously you can also be wrong concerning your belief RKH will get funding from the banks. Watch this space.

Have to concur with Happy. All depends if new investors want to cash in their conditional shares for an almost risk free ~40% ? profit if FID green lighted.

Interest shall accrue on funds held in the Escrow Account at the applicable Escrow Agent rate in favour of Placees. Upon Admission, any interest that shall have accrued on the funds held in the Escrow Account shall be applied on Placees' behalf to take up New Ordinary Shares at the Issue Price (the "Interest Shares"), with such Interest Shares to be issued to Placees (together with the Placing Shares and Underwriting Warrants) on a pro rata basis in proportion to their respective contribution to the Placing Proceeds. In addition to the Interest Shares, each Placee shall be entitled to receive one further Underwriting Warrant for every 4 Interest Shares it receives.

Between £nil and £200m (explains the share price drop today ???)

The Group has a robust balance sheet with high quality land holdings, strong levels of work in progress investment and healthy levels of liquidity. We continue to exert disciplined control over work in progress while investing to strengthen our platform for future growth. We currently anticipate net cash at year end will be between £nil and £200m, in line with previous guidance.

Mogger, email dude. Must pay more attention ;)

Hsbilkhu, I've been a shareholder for ages. I haven't been bad mouthing RKH at all. You should do more research I think.

Hsbilkhu, I'm not going to argue with you because it's pointless. To me Sealion is a binary bet. I don't do binary bets.

Hsbilkhu, I sold out because I've done my due diligence and taken my money off the roulette table after a huge rise to de-risk.