Member Info for SpaceHoppa

Nice to hear another poster has hit breakeven Fecm

JEBR, I think my 42p EoY prediction is looking a bit too low, so can you increase it to 51p, or if already taken 52p.

CJ, I don't think we are poles apart in our views. Dilution is I feel, highly unlikely now that Rock secured the garenteed Eur31m to 65m award. The structure with Navitas is such that Rock aren't on the hook for much upfront money until first oil.

After first oil 🛢 even with paying down debt Rock have a reasonable revenue stream. Dilution could happen after first oil if Navitas decide to go mental on exploration/appraisal drills too soon, but I feel this is not at all how they operate.

I'm hoping to make the AGM this year if the SP holds up nicely. I think LTT owes me a drink😉 but I'm happy if we all start a drinks kitty. Perhaps see you and many others there.

Correction

As own 35%, it's 2 shares per SL bbl

CJ1986, firstly I agree that no one can ever say dilution will never ever happen at sometime in the future. That's obvious, or should be.

My post was in reference to city boys wanting a big slice if Rock for reason of funding to first oil. As explained previously it is unlikely I feel, that we will need more cash than we are already have with current cash in bank and the OM award.

Secondly we will have to disagree about SMs record of dilution, as I personally feel issuing less than 1 share per apprised barrel of oil in SL alone, forgetting the other discoveries, is not excessive.

CJ1086, Rock have 35% of a 900m+ full appraised oil field, and only 641m shares are in issue. That hardly looks like a company that issue shares on a whim.

There is always a risk of more equity, however currently there are no reason I know off, to do that, unless you have some left of field suggestions ??

On other thought about the OM award. My biggest concern, until recently, was that the city boys would try and manoeuvre for a substantial amount of Rock shares via a placing to ensure Rock had enough to finance themselves to first oil.

Firstly I think Rock already has enough to do that. Secondly, IF, a big IF, Rock need another $15m, then with the current SP, the city boys couldn't expect more than 30m, and that would only get them a tad over 4% !!

Dilution fears. another risk box ticked off as irrelevant now.

OM award is priced in, at least to Eur31m as that is guaranteed. However we could and probably will get double that up to Eur65m. Either way getting OM sorted and the money in the bank will be a good news day for Rock.

Samula

Because 'Share Price is delayed by 15 minutes'

🐧Finished above 31pence💥

I will be extremely happy to see a close anywhere above 30pence today, however it may well close above 31p.

Trend is your friend!!

#DontSell

Navita's MO, is to buy into proven appraised assets. BOR are of no interest to them I feel.

Now, Rock. Lovely Jubbly. I might have to revisit my EoY prediction before cut off date :)

The gold pour CVR has certainly not been written off by myself.

If MTL do not pour gold at La India after 5 years, then they and their SP will likely be in trouble.

It is logical and I feel, highly likely they will pour asap.

BOR may have it's day, however I do not want to see any merger with BOR until after Rock have significantly increased it's MCap/SP, then we could offer them some slice of Rock production. They have very good prospects, but Rock don't need them and have enough in the north for decades to come.

PS. Don't set stop losses, remember the flash crash. Many shareholders got robbed in a few minutes by the ii's wanting very cheap shares!!

If I had carried out my 'exit strategy' of selling 10,000 shares every 5pence rise.

This is not a share to trade at the moment I feel. Hold and let the Johnny come lately ii's pay a lot more for their stake.

Many here have waited a decade or more for this moment, don't spaff the upside before its got going.

Wished I'd bought another 100k when 7p !!

Predictions for FID (mid 2025)

I'll have a stab at this one which I believe was for a ''week after FID'' RNS.

We're currently mid priced 27.8p. I think with OM news and the run up to FID we might put on 12p to 40, and maybe another 10p to 50p on FID news, however I think we will then fall back a little, so will go for 43pence.

I think we will tread water around this figure for the rest of the year.

Neilius 100

longtermthinker 75

BlueDefender 65

JEBR 60,5

McCloughry 60

Scottjr2 53

Bigred7 51

jackman444 50

CJ1986 50

SpaceHoppa 43

It's cheap enough for me to buy another 11,200 to round my shares up to 100,000. More cash and or shares would have been nice, however it's the deal we have and I can make atm, somewhere between 3pence to 13pence for every share I have.

Looking forward to getting this deal done, MTL shares, cash element in my account and CNR finally laid to rest.

Back in July 2022 Rock issued 121million subscription shares at 7pence each, also about 60m shares in an open offer and later 50+m in warrants at the end of 2023. It is difficult to know how many of these shares were sold in the years but many will have gone to pi's and I agree, pi's probably hold the vast majority of shares.

It is now blindingly obvious to even the blind, that FID will 99% happen, and the SP will rise as the future firms up. I continue to believe there is some HNWI or ii accumulating and mopping up pi shares. I also think most pi's are reluctant to sell, even despite the recent 100% rise. I say make the ii's pay a lot more than 27.5p if they want to get a significant stake. They can afford it.

Sell if you have to, we all need money sometimes, however there is clearly much much more upside in the medium to long term. Make the laggards pay :)

There might never be any more dilution! Why, well we have a great agreement with Navitas as described below.

Example of $1.4bn (capex) Say $1.0bn (finance) obtained. Rock would need a gross JV equity contribution of $400m. We are on the hook for 35% of that which is $140m but we get 2/3 of that in the Navitas loan leaving us with $46.7m.

Rock Finances.

Rock had $24m back in Oct, and will get a ‘’minimum’’ $/Euro31m but could be $60m+ so $55m to $84m in cash soon.

Given the above agreement with Navitas, where we would need just $46.7m and the fact Navitas seem comfortable enough with the financing of Sea Lion to not require another JV partner to come in, then it unlikely Rock need any more money before 1st oil. In theory 641m Rockhopper shares is all there will be.

#Don't Sell

Buzz, that was a 710,000 @ 25.532 trade valued at £181,000. Possibly one of the bigger boys locking in some dilution/warrant money?? There will be sellers on the way up however there seems to be more buyers and for good reasons.

JEBR. My friend who owns 170,000 shares and despite my advise, would like EoY 155

Spacesmate170kShares 155

I'm no chartist, but I think we've cleared mid 20's resistance and it should be a fairly easy run up to around mid 30's, give or take a penny or two.

#Don'tSell

Looks like a sell. I'm being offered 25.89 for 500k

Always good to get weaker hands out of the way and shows strong demand at the moment.

#Don'tSell