Member Info for CitizenTS

Absolutely to the point Auson re why now. Russians also think we get the go ahead sometime soon?!

Make of it what you will. This share is reacting to Johnson's reshuffle. No business super ministry (with Sunak in charge) - shares down. Sunak to replace Javid as Chancellor, shares up ...

Gobbie: may surprise you but I know Manchester very well indeed. Will be fun if it's true you are in Manchester and we ever 'bump' into each other.

Anyone on here actually believe Gobbie's story about inheriting a bundle of shares from his dad?
Strange behaviour.
I guess the other possibility is that he has inherited but is just a scitzophrenic.

Paul Drayton ++:
You'll find, when the dust dies down , that the carry is still there in perhaps it's most important form!! The project financing before of the JV involved Premier putting in $350-400m equity, vendor financing, and debt. That equity element still survives and is unchanged (as is the vendor financing and senior debt) by this deal. The equity element of the JV is not a point that was covered in your note from the IR guys.
It remains the case that RKH does not have to contribute anything to the equity element. Navitas will share that with Premier, indeed that is really what they are paying to farm in.
In addition RKH's '30%' WI (I use inverted commas deliberately) account with the JV will bear non of the JV's interest charges!!
I think Sam used the word 'material' to describe RKH's interest in phase 1 very carefully. I may work out an effective interest for myself but will not post it here, as Sam has not done in the announcement, as that may be impolitic at this stage.

Funny that, share price fall meant could get it all into an ISA

Blue Defender- - nope, smaller debt as 30% of costs now for RKH. And massive lower cost if interest free. Capital costs to RKH are really only $7-8 a barrell. Love that.

Thanks for this. The carry was changed to be set up as a loan arrangement early on with terms set to achieve a targeted split if economic value.
This is really another +be bit of the deal as 'loan' is stated to be interest free!!! That's pretty massive and puts RKH's effective interest in phase 1 some way north of 30%.
Thanks for highlighting.

Looks like carry as before and costs 1 Jan to Fid met by loans as necessary

KH funded by jv from 1 Jan 20!!!!! ie no dependence on fid etc

Absolutely f***I g brilliant. No solvency concerns at all now, 30% of the whole shebang and project risk disappearing!!!!
Just incredible ...

RKH funded by jv from 1 Jan 20!!!!! ie no dependence on fid etc

Absolutely f***I g brilliant. No solvency concerns at all now, 30% of the whole shebang and project risk disappearing!!!!
Just incredible ...

She might just be 'transitioning', maybe she's your father - need to get to the bottom that mate!

Hey Gobbie2
What happens if funding comes late Feb?

err ... you may want to know it's PMO that has the debt. As to their investors, you might also notice PMO shares hitting recent highs.
Apologies for letting the real world intrude!
You may now resume your stories

Prob wasn't helpful yesterday - see
https://www.theguardian.com/business/2019/dec/30/firms-must-justify-investment-in-fossil-fuels-warns-mark-carney
Let's hope we'll be able to say it's fortunate the decision on funding hasn't happened to date and therefore was not on his watch! Aftter Jan 1 Carney is UN special envoy for climate change.

9th Jan too early imho. The decision will come soon enough - shortly after Rishi Sunak takes up the new super business ministry in Feb.

started spellcheck, it knows nothing! Rishi Sunack

.. by one Rishi Dubai who it seems is the favourite for Boris's proposed new new super ministry that will combine business, international trade etc. Likely to take up his post in Feb.
Tought it would be worth a passing attempt to make this board relevant.
Anyone tell us anything about Rishi and his views on Falklands? Only asking because because it's the most important thing out there on RKH!