Member Info for ChessGambiteer

I think the overiding question for the Agm is can Navitas 'really' secure the $1.4 Billion funding for SL at this early stage of their growth with a P/E of 250 and anticipated production of only 50kbopd on Shenandoah,which must be used to service the almost $1 Billion debt they already have or can we expect yet another ( the 3rd) FID delay ?

From a funders perspective,one could understandably see that the risk looks too much at this moment in time.

Naturally from a Rockhopper shareholders perspective funding is a given and its simply a matter of waiting a few months because that's what they want to happen but funders don't care about Rockhopper shareholders Bullish thoughts , they look at the hard facts objectively without any prejudice and it seems to me the funders feel Navitas are overstretched at the moment ,PMO style, and that $2.4Billion debt would be too much for a paltry 50k bopd Shenandoah production.

As I say, Rockhopper shareholders will naturally think funding is a given and that there are no funding issues, inspite of the 2 failed FID attempts but the funders will look at the facts in a totally different light to rockhopper shareholders so we shall see how it plays out over the next 6 months.

Good Luck to All & for any of my followers looking for some near term sport, check out Trp !

Putin told Trump Moscow is ready to resume Peace Talks after 22nd June.

This is step 3 of the peace process and could yield significant progress now both parties have had time to digest each other's terms .

Of course, negotiations will naturally go back and forth with comprises from both sides but now the process is well underway its not unreasonable to anticipate terms agreed over the coming months with a ceasefire coming sooner.

All in all, with the peace talks/ Metal price rises/Kasak listing , things are looking much better for Eua shareholders and this will be reflected in the shareprice over the coming months !

The Jezza Wipeout has resulted in 30 Billion pieces of Worthless Confetti that many no longer want & will sell at every opportunity, that's why it's cannot rise regardless of news.

The only problem is Jezza has diluted almost all his shareholders into oblivion so anything they do now is completely irrelevant to any loyal long suffering shareholders,who have seen 99.9999999999999999% of their investment wiped out.

Oh, don't get me wrong, overall I'm positive on Rocky and I can see the potential company making future upside but I do naturally er on the side of caution and having seen & heard it all before I do tend to focus a significant portion of my investment time on the awkward things that most posters do not like to hear or discuss, like potential funding issues/ FID delays/ giving away more percentage at the same rate Nav got etc.

We all know the pros only too well, they are easy but any potential issues are not so easy therefore I like to discuss these possibilities with my followers here😊 but only in a cordial & respectful manner, if any of my followers behave rudely like Ovets, then I will no longer bless you with my extensive wisdom & foresight.

I see some posters are becoming angry, rude & offensive (Ovets), seems I have hit a nerve so its probably best we leave this seemingly touchy topic for another day.Don't want to upset the Keyboard Warriors 💪

Have a Great Week Guys 👍

We all have different opinions PD and that's fine so let's wait and see how much the partner pays for their percentage.

Also, If they can get a partner, and its an if, I think they'll have to give up around 25%, 15% off Nav & 10 off the Rock, again we shall see soon enough.

People are missing the point, whatever the percentage - farms ins for SL are Free and even then only very few companies will take the political risk.

Proof being Navitas have been seeking a partner for 4 years to share the risk and still haven't secured one.

SH...I'm 100% certain that if Harbour could have Farmed their 60% out for some cash, they would have done so and if they could have farmed out to Navitas for some cash they would most certainly have done so too,so yes, their strategy was to focus on other assets but you don't give away multi-billion assets for nothing unless there are no other options.

Of course no mid size company will farm in for 2.5/5 %.

Harbour couldn't get anyone to farm in for 1 single penny so they gave their entire 60% share of Falllands oil away for nothing.

Very few will take the political risk, I can only think of one company that may farm in and that's the Delek group because the Israelis do not care about what any country thinks and most of the world doesn't like them anyway now because they are commitimg Genocide & War Crimes against humanity on the defenceless women & children in Gaza. But they've had 4 years to farm in and haven't so its difficult to see who would take the Geopolitcal risk and farm in 🤔

Every Board that has shares with good potential has a 'Fool' or perhaps a few but Grumpyhere wins the accolade here hands down.

Complete Buffoon, Its so obvious The Fool sold too early and the rise to 50p has really hurt him & made him not just a Fool but a Bitter Fool.

Grumpy's here's posts are embarrassing, looks like a 6 year old has wrote them as they contain ridiculous one liners like placing Monday/Sell/Its over for Rkh.

Now if your here to discuss the cons, holders will tell you, I'm your man but I cannot correspond with someone who posts child like drivel simply because he's bitter that he sold too soon, so if you have any genuine issues to discuss, fire away, otherwise stop posting stupid pathetic child like one liners.

Oscar just has to be Trop from ADVFN 😅

That's not true Wilco, Peace talks are still on as stated by the Russian Ambassador to the UK in an interview with Sky News on the 5th June !

Both parties are currently going over each other's peace terms after receiving them at the recent second meeting.

The next meeting is expected at the end of June when both parties have had time to digest each others terms and take stock of the current & future situations on the battlefield so that's when the real discussions begin and real progress towards peace can be made.

The Astanta Market Makers will buy shares in London and sell them to their Russian/Chinese Clients on Astanta.

This could be interesting 🤔

After 3 years of being in the dark with the Russian SMO, there's nothing wrong with some PR from the company to get investors attention back now the road to peace has begun and the dual listing is coming in a few weeks.

There's nothing untoward in the report, its just stating the companies position, what they have and the potential upside when the SMO ends.

It will be interesting to see if the Kasak listing has any impact on the shareprice with the expected buying and the next round of peace talks will be much more telling than the previous two, which were just preliminaries so it could be an interesting few months ahead for holders.

A farm out is possible but I think unlikely given they've been open for a partner for the last 4 years and haven't secured one and the reason is likely the old 'disputed waters' issue.

Holders will remember Sam saying they sent out 100 offers to farm in and only 1 was interested ( pmo) and the fact Harbour gave away their 60% for free shows how difficult it is to get farm ins for the Falklands because of the Geopolitical issue.

Anywhere else in the world (Russia aside) and companies would be banging Gideon's door down to farm in & fund SL.

Totally agree, no placing till FID and then holders will be falling over each other to subscribe as I expect any raise to be similar to the last one with lucrative warrants for subscribers.

Not many companies attach warrants to placings for P.Is anymore so full credit to Rockhopper for giving P.Is the same lucrative terms as IIs.

Holders could oversubscribed last time with certain brokers and I got 100,000 extra shares over and above my allocation and I thus got 50,000 extra 9p Warrants too which I naturally exercised alongside my allocated warrants.

So holders will be extremely supportive of any FID based raise and the warrants are a most lucrative incentive.

Siverfoil...Give me the 1000 % risk free 10 Bagger over 6months but each to their own 👍

GOyrB ...You bought @ 15p Pre FI, gave up (sold) & then bought again @ 46 Pre FID... Best to be Quiet on that one I think 🤫 Oh, and will you be running past Winter Gardens on the morrow with yr underpants on yr head 😃

If FID comes it may rise another 25/50% but that's nothing to the 1000% its rose on nothing!

Risk /Reward = Give me the Risk Free 10 Bagger