RE: Military talks8 Jul 2025 07:38
Hi OnYerBike,
My understanding is that after FO all of RKHs 35% share of the cash goes to Navitas to repay the loan of $400. RKH are allowed to keep Opex only, everything else must go on loan repayments. At 8% interest we'd want to see the back of it!. Dependent on oil prices it's estimated to take between 18 to 30 months. So, no profit for RKH as long as the loan is outstanding, therefore no dividend.