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Very likely that some are selling shares to use that money on something else (plenty of opportunities if you've got the balls), if they've got warrant options at 9p, which will effectively have cost them nothing.

However, I do think Sam DOES care, so don't agree with that.

Michael2021, what's this 6p? I tried to get some and was asked to pay 7p.
Was I being scammed by the broker, or are you exaggerating?
Why is it that some wanting to make a point feel the need to exaggerate - doesn't help your argument.

Anyone can rant like that - could you please explain your reasoning?

I would say that virtually everything is irrational at the moment, so very hard to predict much with any certainty. COVID seems to have clouded everyone's judgement and the much discussed/anticipated 'return to normality' has been something of a catastrophe, not helped by Vladamir.

Could be making a big mistake, but under such circumstances, I tend to resort to working things out rationally on the basis that common sense will eventually prevail, as presumably it must?
'Common sense' may have to be applied to a completely new set of circumstances, but it should at least be 'common sense'.

How are the US frackers fairing at the moment? That was a significant fly in the ointment, skewing everyone's oil price predictions.

Not saying that Sam got everything right, 'cos he didn't, but the moaners/critics seem to forget what actually happened, catching everyone out.

I think some sort of recession is inevitable, but not so sure about 'a depression'. Remember that 'sub-prime' debt was one of the key issues to kick-off the crisis in 2007. Many spoke about it, but few really understood what it was. How do we compare now with how things were in 2007?
Do the central banks have enough ammo left for more quantiative easing, or whatever new-fangled fiscal invention some boffin comes up with?
QE seemed to do A trick, but not THE trick intended, so would central banks do it again, if needed? It's interesting to see how fragile the interconnected World economy really is, so minor tampering with it can cause amplified/exaggerated results.

My belief is that energy will remain fundamentally crucial for World stability and the likes of Navitas will be looking through the fog to when affordable and reliable energy supplies will be in even greater demand.

I forgot: a Bugatti Chiron!!
Mind you, not sure which fuel you'd be able to find/afford for its 8 litre engine!

Cheers DEM - you appear to have got the ISA thing right.

One little detail that occurred to me - just suppose the RKH sp rises significantly above 9p during the 30 days, before the warrants are moved out of the ISA (that might be because of a decent ICSID award announcement), then as long as you've got the funds to buy the extra warrant shares, that would be the time to do so, if you want those shares to remain in the ISA tax-free shelter.
Otherwise, after 30 days, the warrants will be transferred out of your ISA into a normal trading account. Then, if you buy your extra warrant shares at a later date, but still want the tax-free shelter, you'll have to go through the 'Bed & ISA' rigmarole I mentioned earlier, with associated extra costs.

"I hope RKH will provide some kind of financial insurance after the fan has been hit by brown stuff and common sense reasserts"

Terrifying prospects - how do you intend squirrelling your nest egg?
In gold, under the bed, cryptocurrency, fine claret, or maybe just hanging on to your RKH shares?

Good post DEM, but my eyes are watering from all the numbers!

Something to consider are the warrants, if you're invested in an ISA. I wasn't sure how they work with an ISA and I'm still not quite sure.
If you participated in the OO, it appears that while you'll get your warrants, they can't be held in an ISA.
They have to be held in an ordinary trading account.
So when you exercise your warrants, you won't get the ISA tax-free benefit on those new shares.
As long as you have sufficient unused ISA allowance for the tax year in which you exercise your warrants, you'll be able to transfer them into your ISA. However, in my experience, to do this you have to sell the shares outside the ISA, transfer the cash generated into your ISA and then buy-back the shares in your ISA, usually with corresponding spread, commission and any other charges.
Having bought your new warrant shares outside your ISA at 9p, you immediately sell them, at a time when the RKH sp is hopefully higher, so there will be a profit, which might create a CGT problem for some, bigger holders, especially if they're trading other shares at a profit.
Not sure that the brokers have worked out all the details, as this is not exactly a routine transaction.
If nothing else, I suggest those involved clarify the situation with your broker and keep a close eye on things when the time comes, as there is ample opportunity for things not going the way you had wanted/expected.

Bloobird, you're completely missing the point I was making.

Someone posted some time ago that if SL were to supply the whole World, it would be empty in about 4 days, so we know all that.
The point I'm making is that to replace Russian production, it IS going to need a lot of new, alternative sources, SL only being one of them.
RKH/Navitas would have a guaranteed market, which, as you rightly say, is a microscopic part of the total needed.

But that doesn't alter the fact that we'd be looking on, while others make a packet.

Mike, I think you need to apply a little more imagination to the state of affairs that will result, if economic collapse accompanies completely unobtainable/unaffordable World energy supplies.

One other thing, Mike, if RKH/Navitas doesn't help to fill the energy deficiency, someone else will, making VERY BIG profits out of it, while we just look on.

Mike, I posted a piece on ii, years ago, when the environmental lobby was starting to gain traction.
One thing, though is human absolute dependence on energy - it's the slave that powers our lives, previously done by real slaves
All the manufacturing, the machinery, transport, refrigeration, the A/C in hot climates and the heating in cold and on-and-on-and-on.

Humans have grown in numbers and increasingly urbanised because of plentiful cheap energy.

I said then, that if energy supplies are disrupted, that will lead to serious civil unrest and God knows what else.
That remains as true today, as it was then - why else the frenzied to move to renewables, if energy is unimportant?

We all know that some/many of us are likely to be doomed, with fires, flooding, rising sea levels, etc., but our civilisation is completely locked into needing energy and lots of it.

So there are going to be confrontations about energy, but while that's going on, governments are going to have to keep the wheels turning, because as people suffer more and more, they're increasingly likely to start to worry less about tomorrow and its principles, and panic more about today.

Located in the South Atlantic, with the FIG insisting on its autonomy seems a pretty safe bet for RKH and Navitas, at least for now, when it matters to us.

Got the mother-in-law staying, which doesn't help with the concentration!!

Silly me - just read the RNS!!

SH, do you mean 7p?

Very interesting stuff.
Probably a dazzling statement of the bleedin' obvious, but whatever happens is likely to be indicative of Navitas' way of working, which I suspect (and hope) will be resolutely unsentimental.

Well, unless someone here can tell us something, it's yet another case of 'wait and see'.

Still, we're pretty used to that, aren't we!

DEM - apologies for not commenting about your posts.

A lot of time/work went into that, which probably isn't appreciated. Like many others, I read them, without comment.
We're very fortunate to have some good analytical posters here, so thanks to them too.

Now the OO is done, I'm going to get on with a few other things while the dust settles, which hopefully won't take too long.

Thanks again.

I'm inclined to agree with Mogger - having endured ADVFN and posts from the likes of Nigoil, that's why I chose to come here for a bit of sense.
Anyone who has time to read Nigoil's tripe must have an awful lot of time to waste, but then to comment about it on here does seem a bit pointless.
Leave the fool to rant.

Don't think the open offer has closed. HL clients have until midday tomorrow, allowing HL 3 hours to complete their admin before the official close.
Funds need to be in your account(s) as soon as you apply to take up your allocation and must be enough to cover the number of shares you apply for. There are no dealing charges.
If you apply for additional shares, you must have that money in your account, even if you don't get them, or they're scaled-down.
Best of luck

Yes, and in the mean time, they've commissioned their own CPR, which shows SL to be an even bigger prospect than previously claimed.
Wots not to like?