Member Info for EG777

Divi you post about misinformation and false rumours about outside partners.

But also posted this with regards to RKH:

"Very positive about it cos there are new faces will be in the Falklands before end of the year as well….

I wouldn’t put £40k+ in this without doing my homework.(People buys the shares for one reason, but sells for many other reasons)…. …"

What was your source for this, and now the year has ended can you confirm what new faces were in the Falklands that you were referring to?

Total BS as usual.

This was around the time you said you'd topped up at 73.564p. You claim to post all your trades live but never mentioned selling any of those, or closing all the shorts you supposedly had well below this price.

Mirasol - on the final results they referred to a pre-emption right:

“ The Operator continues to work closely with FIG to secure all required consents which Rockhopper believes will be forthcoming in a timescale allowing formal FID in H2 of 2025. In the light of the positive developments on the financing, and in order to provide the most stable platform for that financing to be completed, the existing reciprocal pre-emption right contained within the Joint Operating Agreement ('JOA') that operates at the asset level, has been extended to cover a corporate change of control. That pre-emptive right, which is reciprocal between Navitas and Rockhopper, will last until the earlier of formal project sanction or 31 December 2025.”

These conditions have now been met though so not sure if this would still be in place?

I’d take £2 all day long lol

But then again I said I’d take a 40p takeover when we were at about 10p so don’t listen to me. Fingers crossed I turn out to be a pessimist again 😂

Sorry for the half post - still riding the Christmas drinks 🤣

Noked Capital website looks like a 10 year old school IT project.

But their strategy sounds good to me:

Noked Capital’s investment process is based on fundamental, bottom-up analysis of asset prices, coupled with hedging strategies to enhance the risk-reward ratio for various positions.

https://noked-capital.com/about/

Just to add, one of the Israeli II’s Noked capital LTD are an Israeli fund management company, who has just purchased over 9% of rockhopper. They have a strategy of purchasing fundamentally undervalued companies who present good opportunities for long term investment. This would suggest to me they are aiming to reap the rewards of the exploitation of Falklands oil and not flip their shares.

They don’t

Santos1 - well put - in a nutshell, as the saying goes, we have a smaller piece of a bigger pie.

Ovets - I think all the signs point towards HL being slow to update their records. The market cap is now over £600m according to most sources and RNS.

Alma - I'm not sure what the timeframe for issuing the "Total Voting Rights" RNS is. But as the TR-1 deadline is 2 trading days maybe it's just a case that these RNS's have landed earlier than the usual Total Voting Rights ones?

Based on the TR-1's it would appear that the dilution has already occurred. Post dilution share's in issue would be 847,316,741. Noked Capital total number of shares are 79,004,742 and the % if company 9.3241% which checks out with the post dilution value.

LTT - I would guess that the dilution is priced in. Regardless of whether or not the shares are in issue currently. It's not as though it's going to take the market by surprise if/when an RNS drops saying the shares are issued so I'd say it's just a formality at this point.

The only near-term risk I can see to the SP, is as others have mentioned, whether some of the placees decide to sell off some shares for a quick buck. But the idea they are all going to be flipped instantly is far fetched. There's nowhere near enough liquidity in the stock for that volume of shares to be sold and anyone participating in the placing would have been aware of that. It's not as though the funds named in the recent TR-1's who've bought ~112m shares between them are going to be able to sell them all off for 72p on Monday.

Based on the TR-1's that leaves 85m of the placing shares unaccounted for if my maths is correct. I wonder if there are any more holdings RNS's to follow, or whether the other placees just haven't met the threshold.

Alma I was thinking the same thing today.

But Google is factoring in the new shares in the companies value and showing a market cap of £610.07m and has been since the RNS’s landed earlier this morning.

My HL account still shows 464m market cap though. So I wonder does this mean some platforms are yet to catch up with the new issued shares?

If so and the SP stays around this level then I suppose the post-FID drop was the market pricing in the dilution. Therefore FID would have effectively had a circa 20-25% positive impact on the companies value, but the dilution out weighed this in terms of SP value and so the net effect was negative on the SP.

Tincan1995 - I’m very bullish on RKH.

But you should be fussed on diluting shares. Because it effectively means that the % of the company Rockhopper you own is now going to be less (assuming you don’t buy any more shares).

I am hoping the momentum from the good news we’ve had will outweigh the effect of the dilution. But it’s going to be interesting to see what happens when those ~160m+ shares hit the market.

Happy new year to you too and good luck to all holders

Tincan1995 - thanks for the response.

But I’m not referring to whether or not who ever participates in the placing will sell or hold, which is speculation. I’m referring to the share dilution, which is guaranteed to happen as per the terms of the conditional placing.

Based on the RNS was expecting it to happen today - but that doesn’t seem to be the case!

Thanks Alma for this and all your contributions.

It will be fascinating to see the SP reaction when the dilution occurs. I can’t say I’ve ever been invested in a company in such a unique situation.

Happy new year!

Happy new year to you

Before this thread was high-jacked with the usual Garbled trash.

Just wondered if anyone with a bit more knowledge, had any thoughts on the original question.

Based on the RNS I was expecting a significant amount of new shares to be in circulated, but that doesn’t seem to have happened. Any ideas why?

Any advice from any of the knowledgeable folk on here much appreciated

Happy new year all

Divi - I have never ramped or deramped the share. I started posting at 21st December 2021 which is roughly when I bought in. If I would have ramped the share, then anyone buying on that advice would now be sitting on a 1000% return.

I have never claimed to have any inside knowledge. Unlike you with your imaginary Americans meetings in the Falkland Islands. Remember those ones you said were going to happen in late 2025? Rooms full of chairs etc. Never happened. Everyone on this forum knows you are a joke and you have been ridiculed into having to create at least 6 different accounts to hide your false claims.

With regards to selling at 70p. I sold less than 2% of my holdings at 70p. The only reason being that they were in an ISA and I needed to free up cash to participate in the Open Offer and buy shares back at 53p. So my total shareholding will not have changed (in fact if I get the amount I've oversubscribed for - which is unlikely - it will have increased).

But you are too much of an idiot to understand this concept.

Divi - there is no debate to win or lose.

I asked a question, you made an irrelevant statement in response.

If your grammar wasn't so bad I'd assume you were some sort of bot that just spews out useless irrelevant information. But that would be insulting to those bots.

Santos1 - there's no hope of Divi understanding the difference between ownership dilution and value dilution. He needs to learn his ABC's and how to read and construct a sentence in English first.

Divi - I am not ramping or posting misleading information. If you actually read the post you would see that. I asked a question about why the share dilution hadn't occurred yet - and you responded with something which had absolutely no relevance to that question. If you want to deramp then at least do it on a relevant thread.

Divi-collector - you're response had no relevance to anything asked in the post. Either you responded to the wrong thread, or are unable to read and understand a question (or both). Please stop spamming the forum with irrelevant posts.

Almacogan posted an interesting post the other day in which they said that on 31st December there would be a large dilution of shares and that we'd either see:

a) An immediate large increase in market cap - assuming the SP held around it's current level.

b) A retrace in the SP to bring the market cap back to it's current level.

c) A combination of the 2 to perhaps even out somewhere in the middle.

Sorry I'm paraphrasing their post significantly as I'm too hungover to try and dig it out - but I'm pretty sure that was the gist of it.

Looking at the timetable of principal events, it states:

Admission and commencement of dealings in the Placing Shares and Interest Shares on AIM expected to commence 8.00 a.m. on 31 December 2025.

This was 2 and a half hours ago. Anyone have any ideas why we haven't seen a flood of new shares hit the market yet?

Definitely think there's a lot of that at play.

That's exactly what I did - sold a portion of shares at 70 odd pence when the record date was made public, so can rebuy them at 53p - no brainer.