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Completely wrong Boboil.

Shenandoah in production is a prerequisite to SL FID, whereas there is no such RKH connection with Westmount.

I expect you're right O I L, but that's not a reason for shareholders to sit on their hands.

P.S. I can see that if you were planning to exit just after FID, then you'd probably not vote for the conditional and OO part of the placing.

I'm a long-term holder, so I want RKH to succeed.

Very well articulated thoughts BB3, which was easy to understand.

My personal view would be to vote for the conditional and OO part of the placing .

As Sam said, essential to be fully, or even over funded than under funded.

I completely get the dilution argument, but on achieving FID that's going to be less of an issue and RKH may benefit more by having a bit extra in the bank to do some other things, as suggested here, such as appraising Isobel/Elaine, or whatever.

I still believe another partner will be joining Navitas/RKH for SL and FIG may have ideas about getting some of the rest of the NFB developed ASAP.

None of us can be sure how things will work out after FID, so having a bit more cash now, 'just in case', seems a far better option than having to raise more later for whatever might arise in the future before SL 1st Oil.

Ralph, I'm not referring to FID fireworks, but when new, bigger partners join, plus the realisation of the true magnitude of what is to be developed.

SL is not the real BIGGY (even though pretty big), but only the key to unlocking the new FI oil/gas region.

That isn't going to happen overnight, so the 'fireworks' I was referring to are for later, but fireworks there will be and probably not too long for that to happen.

By then, RKH may no longer exist, so very important NOT to sell your shares cheap.

BlooBird, that is completely right.

In fact, those who have been moaning about the £140M funding have missed a few important and subtle points:

- OK, the 53p might be irritating to some, but that was arranged when it would have seemed perfectly reasonable. The moaners surely can't complain about the rise in RKH sp since then? I suppose the moaners need to moan about something, otherwise they'd moan because there's nothing to moan about?

- RKH has MORE than the money it needs for FID already, so we are ready for the green flag NOW, with a bit to spare, plus the insurance €31M due as well.

- The £140M goes into an escrow account until needed for FID, so the RKH shares on issue remain around 640M without any dilution and the sp keeps rising.

- At FID, the escrow money comes into action without any delays or problems.

- If for any reason FID doesn't happen as anticipated, the investors get their money back, and the RKH shares issued remain around 640M.

- Looks like Sam and the Board have something else in mind for the significant additional funding raised, in addition that needed for FID?

And finally, there's a great deal more to opening up the FI oil/gas region than Shenandoah. When people start to grasp the magnitude and importance of that will you see sparks fly.

Buzz, what's all this 'Even if Sealion DOES manage to find finance' nonsense?

You know perfectly well that Navitas is pretty well certain to get all the funding they want on 7/9/25, which is why they assisted RKH to get their funding sorted out first, which has already been done.

Have you been asleep?

And before anyone comments, it should be $140M and not $140 !

Sorry if I am being slow, but I am still re-reading the latest RNS, trying to put it in perspective.

I get Space's irritation at the apparent privileged disparity between Israeli investors and us mere shareholders, but some thoughts spring to consider:

- I suspect all at RKH were stunned by the annulment decision, when the almost inevitable OM €65M seemed 'any day now' and, with a bit of luck, just in time for the AGM.

- What do do about it? Once Shenandoah is in production, Navitas will be pushing for SL FID and we don't have the money - how long have we got and will the insurers pay out the €31M (which won't be enough)?

- We don't know what else was/is going on behind the scenes to occupy RKH management without distactions like this.

- Even during the AGM, the RKH sp was slipping on the apparently cautious/disappointing sentiment, with FID slipping further into the autumn.

- Having been in the 50s in May, on 27/6 (AGM Day) the sp closed at 49.2 and month-end 47.10.

- My guess is that RKH management had to show itself to be decisive, without any more funding disappointments.

- AlmaCogan's post: "But why Israel investors for the free ride mainly" - Because Tadmor told them to do it. But Tadmor also appears to have offered the means of resolving this very quickly, so that RKH would be ready (and more) for FID.

- Setting this up will have taken some time, even if less than a rights issue.

- By mid-July the sp was around 60p, so a discounted 53p isn't as spectacular as it seems now. How many of us anticipated the sp rising to the mid-70s (and almost reaching 80p) by the end of July?

- Sam said that if funds needed to be raised, it was important to be over-funded than under-funded and perhaps he has other plans than just SL FID.

- Sam has stuck to his commitment of not reducing RKH's 35% of SL. Any percentage relinquished of RKH's 35% would be worth a lot more after 1st oil than the paltry $140 raised now.

"and no leaving the table early"

Please Sir, I need a pee !

OK Buzz, shall we say 'unsettle' instead?

Buzz, it's a bit late in the day for you to try and frighten us.

Looks to me as though you're the one who's crying because you've effed-up.

Portoly, I agree with SpaceHoppa and the only thing to do is get back in and carry on. Maybe not count the cost too much, as that will certainly be an irritant.

Use the experience to learn the lesson about stop/loss, especially on AIM. We've all made mistakes over the years, which is how we learn.

Don't think markednmbr's approach is particularly helpful, but he's fundamentally right. Get back in when the moment is right for you and then don't look back.

Schnarff, good feeling i’nt it !!

Welcome back on board the gravy train and best of luck.

ChesSvvanker - you clearly haven't a clue what you're burbling about and you're not even funny.

Just go away

Actually, there could be something of interest here, as currently there is no ARG or JHI board and in any case, is it necessary to be quite so objectionable?

You weren't alone Much, although we didn't all post it ;-)

BTW LTT, it’s not ‘You tude’.

I think you’ll find it’s You turd.

Sorry folks but the excitement, after over a decade, has addled my brain.

Thanks LTT

What a Wally !!

Following Much's post here yesterday evening, I had a go at getting an audio interpretation of the presentation, hoping I could be a Clever Clogs and post it here, but failed miserably, as Hebrew isn't one of the most widely spoken languages.

I caught fleeting references to words I thought I recognised, so there's something there that might be worth hearing/reading.

If there's someone out there who's got better facilities than mine (or even speaks Hebrew?), maybe have a go at extracting some sense from it, from around 35mins 50secs, as suggested by Much.