Member Info for EG777

Happy - are you sure there are middle aged men on this forum? I thought it was only OAPs 😂

Relax, you’ve always been a deramper but you seem a little more stressed out in your recent posts. Take some deep breaths and try to forget about the Falklands!

Why would there be another equity raise when we are fully funded to First Oil?

It's hard to predict macro-economic cycles but if you think there is going to be a depression than you are better off getting out of equities altogether, as the effect of such an event wouldn't be limited to Rockhopper.

Unfortunately, I had to sell a large chunk of holdings ~25% of what I held. It's probably accounted for the majority of the drop. Still have a very positive outlook on Rockhopper though.

First oil is targeted for 2028.

Yes, One-Legged Pete still very much exists as a figment of Borgo’s imagination.

The Streisand effect.

Ironically the more a person or group tries to censor or block discussion about a certain topic, the more it creates debate and discussion about that very topic.

I put all my excess funds back in, this morning (first opportunity as HL didn't return them until COB Friday).

Didn't work out too bad in the end. Sold some ISA shares to oversubscribe at around 70p as ISA was fully subscribed. Got the entitlement and some additional OO shares at. Then managed to get the leftover funds back in at 68p this morning.

CaptNemo - you might want to ring them because I’m with HL and was informed a while ago.

They split 2 seperate lines in my accounts, one showing the open offer accepted funds, the other showing the rejected ones.

I’m still waiting to get the cash back for the rejected OO shares but the accepted ones were credited a while back.

Morrymeboy.

The director just announced is a non-executive director. Not a "New Executive Director". So it's more of an advisory position.

The director dealings are nothing to do with this post being filled. They just relate to Sam Moody's participation in the Open Offer.

21st January - https://rockhopperexploration.co.uk/2025/12/financial-close-on-sea-lion-project/

DYOR ;)

Croft -

“The effective scaling factor is:

12.94%

👉 Translation:

You will receive ~13% of whatever excess shares you applied for, rounded per broker rules.”

I don’t think that’s right?

Surely the pro-rata calculation would be based on your entitlement and not the amount you applied for.

Think we need to stop using AI for this stuff as it seems to be wrong more often than right lol.

"Hindsight is a wonderful thing, but seems Sam did a great job of getting the shares away at 53p, it's a scary thought if he was trying to get the money now, what would the discount be, 40p? We dodged a bullet there!"

LTT - Based on the fund raising RNS. The Issue Price represents a discount of approximately 13.3 per cent. to the volume-weighted average price of 61.14 pence per Existing Ordinary Share for the 30-day period ended 30 July 2025.

On that basis, if the deal was being struck right now with the same terms the issue price of the shares would actually be higher than 53p. That being said a lot of the SP movement (both positive and negative) would have been affected by the fund raise announcement, and subsequent dilution. So it's not really comparing apples to apples.

But I think Sam did what he had to do at the time. RKH needed the funds and it was probably the only short term option available to get the deal over the line.

Sorry should read "Excess Election" not allocation.

CaptNemo - I just checked my account and I can see it says "Excess Allocation". I'm thinking they are probably just setting the money aside in case the shares are won. As the RNS announcing the results isn't until tomorrow.

One of my accounts is oversubscribed by around 150% and it has been put under the "Excess Allocation" heading, I can't see it being likely that I'd win those shares.

Superritch - The valuation isn't sub-£500m. Current market cap even at todays 6 month low is £570m. So even though the post-FID share price is lower, the value of the company is higher. The joys of dilution!

Bootledodger - I think key take away is that sometimes (often) random people on faceless bulletin boards are wrong. Whether that's because they are intentionally trying to mislead people, or because they were just genuinely wrong with their prediction.

I think most people genuinely expected a rise on FID and weren't necessarily ramping the share. Some were obviously ramping and intentionally misleading people with wild £££ predictions. Personally I genuinely expected us to cross the £1 mark at least and that turned out to be a poor prediction.

I don't think there were many expected a significant fall, and as you correctly point out one poster did, and their reasoning for it was pretty sound too, so have to give them credit for that.

It's worth noting though that I think the majority of the attacks on them were for other posts they made which were either factually incorrect or ludicrous. E.g the idea that the UK could veto FID, when it had been stated numerous times that they had no governing control over FI. The idea that Israel would prevent an Israeli company from operating on the basis that Javier Milei is fond of Israel etc. To name a few. These were all mad claims that turned out to be incorrect and were rightfully called out at the time.

I doubt it will make much difference to the SP. It's an insignificant amount of shares in the grand scheme of things.

I recall a time not too long ago where almost every update from either RKH or NAV mentioned something along the lines of “continuing to explore the possibility of bringing a 3rd partner on board”.

For whatever reason that talk seems to have stopped. I wonder why. Maybe they tried, failed and give up, or theres something in the financing arrangement preventing it? Or could there be negotiations ongoing with someone?

What's the odds of there being some shares up for grabs on the over subscription?

Have shares in ISA, LISA and SIPP and the ISA/LISA's were fully subscribed so had to sell some RKH shares to free up funds for the OO. I played it safe and just went for the amount I'm entitled to on those accounts.

The SIPP I could pay more into so didn't sell any and topped up enough cash to subscribe to my allocation + 100%.

Shame couldn't oversubscribe on the ISA/LISA shares and them buy them through the SIPP if successful, but can understand that'd be a head-full for the brokers.

Interesting - the company selling off some of their Navitas shares is the biggest participant in the most recent RKH fund raise. (Noked Capital)

LTT - I think he's just realised that every time he has a negative view on the share it goes up.

Now this morning decides things are looking good and apparently buys shares and we're down nearly 5%.

Please go back to deramping and shorting divi 😂

Divi-collector

Unlike you I have never claimed that I would post my trades live - why would I? No-one cares.

I don't "trade" or "short", I look to invest in companies that I believe have medium to long-term potential. I bought into Rockhopper when they were in the single digits, sold some shares (about 20% of holding) at 47p, and haven't bought or sold any since. (Other than to free up some ISA cash to participate in the Open Offers).