Member Info for markednmbr1

This would surely be RNS worthy if they are taking a stake via the placing?

Thats a good point Buffit - we have no idea how many shares are actually eligible for the open offer.

We have had confirmation that the II taking part in the placing and conditional offer will not be able to take part.

Personally I think there is alot more than 100m shares in retail (private investor) hands though, as they probably wouldn't even throw us this bone if it wasn't a large amount.

Shall we have a new competition on the BB "guess the open offer ratio" because until we have the full facts from RKH its definitely just a guess!

Taking your point on though I know longer think 1-45 as that was including all the existing shares and certainly some of the existing II would have taken part.

I'm going to throw my hat in the ring at 1-28!

I am just basing my comment on what happened with the last open offer for me. HSBC said they couldn't put them straight in to an ISA. Not sure why.

Nothing is happening until after FID. They will provide all the details in the future once this has happened.

Assuming it happens, you will need to contact the company that holds your ISA and ask them to apply for the shares. They can't go straight in to an isa, so they will probably be put it in a separate share dealing account for you.

This is what I am trying to understand. I think for certain that we will have to wait for the announcement for it to be confirmed but it must be about 1 in 45?

Much - I think the point buffit is trying to make is that Samula posted incorrect information earlier (that is the speculation aspect)....

I've read through and the information he provided is not in this announcement, so it is not facts.

What we do have is the nearly 14m share number and based on 640m shares in issue, this to me says it will be about 1 new share in the open offer to every 45 you already have? is that correct?

Yes Buffit thats why I asked Samula for their source - no response on that though. I would be very happy with 1 share for every 22 owned because my understanding was it was going to be more like 1 in 50.

There is no new information here so I'm not sure why we are down 5% since the RNS. Apart from the fact that the Open Offer won't take place at all if PI's try to vote against the conditional placing?

At least you know they are listening to you I guess SpaceHoppa!

I don't think this has been stated specifically but surely it has to be the date they made the announcement? so 31/07? or I guess close of 30/07?

Where did you pull that info from Samula? I can't see it in the circular

Space I have always respected your posts but imo you need to stop moaning about the raising.

Most companies wouldnt even care about giving the existing shareholders something so the fact we get some cheap shares (even if not a huge amount) is a massive recognition of the private holdings in RKH.

You are not looking at the big picture and continuing to moan about it doesn't help the SP of RKH.

Wow we are here again. RKH has become so popular we are getting rubbish share rampers advertising their garbage on our board.

Ignore any "tips" post on a different share board people. It's always garbage.

Depends if people are paying attention to Navitas actions....

Space,

Its done now. Time to go back to being positive about our future - I used to enjoy reading your posts.

SpaceHoppa - peronally I just see this as a cost of fund raising. You could argue that it was too much of a discount for sure, but then we don't know when they approached potential buyers and based on the price used (30 day) I think this must have happened a few weeks ago?

The most important thing imo is the SP right now ans it is 8% up despite the dilution. Plus now we are fully funded.

As a LTH I am extremely happy with todays news and the value of the company moving forward.

If you have been holding for 15 years then you should know you don't set stop losses on any AIM share.

Fantastic news today - we are now set and in the long term it's only up from here.

SpaceHoppa - I don't know why you are so unhappy. It's only sensible for Sam to get extra cash for contingency.

Todays buying has proven that the dilution only improves the companies prospects.

Also now we have a new bunch of shareholders that want this company to grow. That can only be a good thing for the SP.

I feel slightly sorry for the people that sold mid 60s this morning...... but then if you aren't committed to the long term prospects of RKH then you shouldn't be invested.

65.4 is a very nice close indeed. Hopefully we are over that 63p bump in the road now.

CitizenTS - Fair enough, I guess when I was writing it I was thinking more "Drift Away" like oops you're getting left behind.....

Vampa, It's not an outlandish view at all and based on this shares long term history "Buy on rumour sell on news" has always worked.

However, In my opinion, we could now be past that phase. It also really depends on each investors timescale because it could be a big risk to sell on FID and watch the price drift up further looking towards the next piece of news and inevitable (at that point) flowing of oil from SL. You could end up either buying higher or not getting back in at all.

Personally I have my target price set and will be selling there - it won't be based on any specific news event or timing.

NastyNick - It's been mentioned by others a few times now. We do not have 80% II shareholdings.

The majority of the 80% is all private investors holdings that are held by the big banks/trade dealers. For instance, my holding would be included under the HBSC percentage.