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Might have done if it were anyone other then Navitas involved in this. Problem is NAVITAS cant possibly fund this deal, so one is paying for their cut, the main investors/backers/, all the fixers, the investment banks, brokers, ect. Its not going to leave much for ordinary shareholders, especially those that paid up to 4.00 GBP back in the halycon days of Premier Oil and Gas. Overall, it pays to have ones feet on the ground and not expect too much from this deal, although something, is undeniably better then nothing. Still, the price action suggests its not going to be kind of gamechanger that people were/are hoping for. Maybe a little rise up to 20p and then back to 15p awaiting developments.

The guy who accumulated stock from Rupurt energy under 1 usd - (NOW 5 US) thought so below 1p So if this does only as well it will settle above 5p. But somehow, I am thinking this can do more then that, how much more, who knows? It was 4.00 GBP back in the day, albiet with fewer shares, so a 50p PRICE target seems plausible if they attract a driller.

At this stage the prospect of a return is looking increasingly remote me thinks. Cash in bank means their out of options to relist unless they raise in the next few weeks. Cant see another emergency rights issue being funded so unless they can conclude a deal and relist quickly its times up

Again HM Gov are fully required to support the project, if not with up front financials, but very much politically.

Dont you believe it, the North Sea occured because BP was fully underwritten by HMG and told to drill until they found. They drilled 20 wells, nothing, well 21 found oil

The fact that the main elements of the deal have been agreed suggests the market also knows what these elements are, hence the muted share price. Its not going to be the kind of wonderous deal that the Premier deal was, at best, there will be a few crumbs for RKH, and NAVITAS and their parterns will end up with the crumpets.

Navitas is a 400 MILL company talking to 40 MILL company about a development that will cost billions if it ever happened. What can they possibly be talking about. Its a load of hogwash

Well in that case Ying Tong we can expect adminstration in March, and your lucky you dont have the shares. Remind me again why your posting your important analysis on here and on ADVFN 24/7? .

I am sure there is a good reason but I am not sure what it could possiby be?

If you want to say "I told you so", this seems a very round the houses way to say it

I am confident that the board has our best interests at heart, especially as gary has a large investment here. No need to be embarrassed, I am quite happy with the elimination/scrapping of the guardian deal if it is replaced with something better. If the guardian deal had prcoceeded you, and others like you, would have spent the next 5 years rubbishing the company and saying it couldnt pay anyway. So who cares what you think?

The deal is off so the dilution isnt happening. Most likely there will dilution of some kind but it wont necessarily be as bad as it was going to be at Guardian . We may thank our lucky stars that our board extricated us from a potential quagmire

The two million gbp in shares were at the list price, the two million gbp in shares would have been worth a lot more once it was quoted, had it ever been quoted. As it is they get nothing.

Its academic now but they were getting 2 million pounds worth of shares, that according to their claims, were supposed to become valuable. They were not taking a few 100 s grand as your asserting.

Sounds a lot more promising the pirate barriers. Who knows rodders, it may be off to the Carlton in Canne next summer after all !

It wont be for in progress listings and yes you have underestimated the value of Guardian fairly consistently, putting the worst possible construction on any outcome or delay. My view is the delay is merely due to legal issues being resolved and the flotation, albiet delayed, is on track.

Navitas will just be an intermediary or middle man, at best, managkng the project for whoever is backing this, if it happens.

"Israelis know little of the spirit of compromise and are so self centered and can be relied upon to extract the uttermost farthing from every bargain" HELM TO FO 29TH OF NOVEMBER 1951

As corrected

"Israelis want much but give little Pender Culsip" to FO 49
"Israelis know little of the spirit of compromise and can be relied upon to extract the last farthing from every bargain" HELM TO FO Annual Report 49

Once again whilst a deal may have been struck or being struck the terms are crucial and the signs are not auspicious. Without a cash payment up front a rights issue is inevitable
Lets not get to excited until we see the RNS.

Maybe time for you to move on then, you say your not a shareholder, so what exactly is your point in posting your pearls of wisdom on here? Are you trying to rub our losses in perhaps? Educate us as to the error of our ways?

A lot of the problem for SWIFT/WESTERN banks is that countries will now look very closely at their Western reserves and repatriate back to other spheres of influence or their home countries out of the USD/EUR/GBP framework. The isssue will no longer be about making money, but protecting their capital from political seizures/suspensions. In a way its all going to hasten the decline of the Western countries which had already started 30-40 years ago.

Increasing Politisiation of Swift will lead to it being replaced by a Yuan dominated system, to deal with the demands of the Chinese/Russian/UAE, and Possibly Indian axis. Its likely that Binance will also come into this orbit and de-register from the West as the East Rises. The fact is the Americans/EU overplayed their hand on the Ukraine matter, and their hypocrisy is there for all to see.

Who is Michael Ende?