Member Info for EG777

Samula - same here grateful to also have a very low average.

On the last OO offer I more or less broken even on the initial offering (sold 1/8th of my holding at roughly 7p to rebuy the same amount through the open offer at 7p).

The kicker last time were the 9p warrants and thankfully made a nice profit on those afterwards.

As you say this time it’s a no brainer as long as the price holds up!

Best of luck, and merry Christmas to all

Samula - that’s interesting. Did you participate in the last OO via HL? I did, and was told then by CS I could only participate by having available funds in the account I wanted to purchase through. So for that reason I had to sell some ISA / LISA shares. To free up funds for the OO units. I’ve also done the same this time round because I presumed it’d be the same.

Happy - it's not too much of a nuisance really. Just work out your share allocation (i.e current holding divided by 49). Then multiply that number by 0.53 and you get the value you need to create in order to purchase your allocation. (Assuming you're just going for the regular 1/49 entitlement and not oversubscribing).

To be fair unless you have a decent chunk of shares it's not exactly a lucrative OO, but if you have a nice holding it's well worth participating.

@CitizenTS I'm aware of that. I did the same myself earlier (sold a small amount of shares to rebuy the same amount at 53p on the OO.

But I was replying to "200 million shares placed at 53p today and all available to sell"...

Key dates can all be found in the RNS.

Open Offer Record Time

6.00 p.m. on 19 December 2025

Date Existing Ordinary Shares marked 'ex-entitlement' by the London Stock Exchange

22 December 2025

Date of posting of the Circular and Application Forms

29 December 2025

Open Offer Entitlements and excess entitlements credited to CREST stock accounts of Qualifying CREST Shareholders

30 December 2025

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

Recommended latest time and date for requesting withdrawal of Open Offer Entitlements and excess entitlements from CREST

4.30 p.m. on 9 January 2026

Latest time and date for depositing Open Offer Entitlements and excess entitlements into CREST

3.00 p.m. on 12 January 2026

Latest time and date for splitting Application Forms (to satisfy bona fide market claims in relation to Open Offer Entitlements only)

3.00 p.m. on 13 January 2026

Latest time and date for receipt of completed Application Forms and payment in full from Qualifying Shareholders under the Open Offer or settlement of the relevant CREST instructions (as appropriate)

11.00 a.m. on 15 January 2026

Results of the Open Offer expected to be announced through a Regulatory Information Service

16 January 2026

Admission and commencement of dealings in the Open Offer Shares on AIM expected to commence

8.00 a.m. on 21 January 2026

Expected date for CREST accounts to be credited with the Open Offer Shares in uncertificated form

As soon as practicable after 8.00 a.m. on 21 January 2026

Expected date for dispatch of definitive certificates in respect of the Open Offer Shares to be issued in certificated form

By 10 February 2026

Pauldrayton - are you sure the shares are available to sell already? Looking at the RNS it says:

"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"

I took that to mean the shares are being issued on 31st December but maybe I'm misunderstanding.

It depends how big or small your holding is. It's not the best placing especially compared to the 1/8 allocation a few years back (with added warrants).

But a lot of companies wouldn't bother with any PI Open Offer. And if you have a decent holding (like a lot on this board do) then it's a good few grand free paper gain (assuming SP remains stable or increases).

Ref the open offer "Date Existing Ordinary Shares marked 'ex-entitlement' by the London Stock Exchange 22/12/2025" - does anyone know if this is open of business today or close of business?

You are being very pedantic now. I also said aside from interest.

Obviously the lower the loan balance the less interest would be paid and vice versa.

My point was just to highlight that Rockhoppers loan repayments will not reduce their profit, like Chess seems to think.

Santos1 - I’m not quite sure why you are fact checking me? My post literally said that the loan repayments (aside from interest) would not affect P&L - which is what you said in your post just in a more wordy way.

This is a basic principle in accounting but one that chess does not understand.

When the loan is received, it’s recorded as a liability. When the loan gets repaid, it reduces the liability. The impact on the companies profit is nothing. Other than the interest they are charged on the loan which is an operating expense.

Chess - as has been explained numerous times. Whether RKH pay off £100m off their loan, £1 a year, or £1billion a year. It will make absolutely no difference to their profit. Loan repayments (aside from interest) do not affect profit and loss. That’s not how accounting works.

garbled - no one misunderstood your posts.

you claimed everything in falklands had to be done for the first time, a load of more knowledgable people explained why that was a load of ****e.

the only response you have when proven wrong is to say everyone else misunderstood you…

Happy

I'm hoping we will see a fairly quick announcement of financial close (if Navitas RNS is anything to go by we will) - and at least we can see where the dust settles post-dilution.

I'm not too disheartened by the recent drop, I was fortunate enough to buy my shares in 2021 and so probably have a different outlook to the longer term holders who I understand have been through a difficult ride with this share. My aim originally was always to sell when we hit 40p. But in the end the RKH bug came over me, and I only sold around 25% of my holding in the mid 40's. In hindsight a financially poor decision, but psychologically a good one.

I was hoping to see triple digits on FID and I would have offloaded a few more too.

However, I've always said the shares I hold in my pension will remain there until we get taken out, go bust, I die, or I can cash my pension in (30+ years time - that's if whoever is in power hasn't added a few decades to retirement age by then!).

After all, where could be safer to keep the funds you require for retirement than a highly speculative, risky, volatile, mid-cap AIM oily ? 🤣

PD - what’s your source for this?

Hsbilkhu - I don't think there was any shortage of people calling him out (myself included) on the 99% of the wrong things lol.

HappyInvestor - A few days after I posted: "Happy don't speak too soon. 20 minutes after a mid-day RNS is hardly enough time to judge it's impact."

Now that the dust has settled I will eat humble pie and admit that you called the FID SP price reaction spot on.

I'm still not convinced that some of your posts have not had a certain agenda behind them. E.g I think you are too switched on to believe some of the things you were saying about Israel potentially vetoing Navitas FID due to their friendship with Argentina.

That being said, with regards to predicting the SP reaction to FID. You were right, and the majority of the forum (including myself) were wrong.

It depends on the terms of the takeover, but you'd usually either receive cash for your shares, or stock in the company taking over.

Happy don't speak too soon. 20 minutes after a mid-day RNS is hardly enough time to judge it's impact.

Price action is wild at the moment, bouncing between 75p and 94p...

Another piece of class journalism - I didn't realise Navitas now owned the Aoka Mizu lol.

Something must be brewing with all this press coverage though!

"£6.50 - £7 is getting the norm is Kent. I nearly fell over last Sunday when I saw a glass of wine I had just bought was £11.40... I need some of these shares to increase in value just to pay my bar tab."

Wow. I'll admit using Spoons as an example was a bit of a cheat as they're always miles cheaper than anywhere else.

We do have a local independent free house that sells pints for £2.80 though. Very prominent "Cash Only" sign on the door - so I'm guessing Rachel Reeves budget hasn't impacted him 😂