Member Info for Yeast-is-Rising

Appreciated, JPDM. We would have accepted it if it were 10 bottles of Rotschild 😄

Compliments of Supra 🍾https://ibb.co/sd4G1zDp

84: https://ibb.co/YFnv1rkK

84: https://ibb.co/YFnv1rkK

Just landed, only 2.5 hours on the bus and train to go. Looking forward to seeing you again at #84, Supra.

Howard being replaced by Harry signals the large shareholders want to do a deal, this time around. Being an all share buy out or a farm out with a carry.

BTW. Shell seems unlikely considering their interests in Argentina then and now.

Marunam, aren't you forgetting the 80p warrants?

They'll bring in 54 million dollars. That's 8 singles from Dubai to Asia for the Aoka Mizu ;-)

Yeast-is-Rising

If you can play golf all Wednesday afternoon, you can't be fully invested in RKH, Marunam2 😁

That's interesting Mogger. This guy has been working for Santos on the Barossa project in Australia.

Santos-operated Barossa LNG is an offshore gas and condensate project that proposes to provide a new source of gas to the existing Darwin liquified natural gas (DLNG) facility in the Northern Territory. https://www.santos.com/barossa/

Did you say Darwin? Gas and condensate? This can't be a coincidence, can it? 😄

Yeast-is-Rising

"Looks like Sam could have sold them all at 59p."

I guess he did, if the warrants are exercised: 4 x 53p + 80p / 5 = 58.4p.

And the big question is if we all would have taken up the shares at 59p when the sp was 61p at the time, coming from the 6p - 13p range where it stayed for years.

Yeast-is-Rising

I wish there was a filter option, that would filter replies to certain posters :-/

Yeast-is-Rising

If you look at the RNS's of ION and Noked you can see the amount of shares they own is 3.9% and 9.3241% of a total of just over 847 mln shares.

Thus on Friday our total amount shares already was 847 mln and our market cap was around 610 mln GBP. See also https://www.google.com/finance/quote/RKH:LON

Yeast-is-Rising

Good to see someone is willing to buy 18-19 million shares at 75.8p. Nice support level for the next leg up. And the seller is content to secure a multi bagger at that price and might get a lot of shares back as part of the 53p placing. Both sides show confidence in an imminent FID.

Yeast-is-Rising

Hi Crofty,

Weren't we getting an update on the details of the OM case from RKH?

Yeast-is-Rising

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Either trouble at mill OR they are having to coordinate with another party to release some kind of update to the market, no idea what the news could be.

Very interesting development, ZYX098 👍

Unless Ithaca wants to farm-in after FID. 4% of RKH at 58p. Great bargain 🤑

Yeast-is-Rising

... Paul Mayland ...

Not quite true, Happy. Cairn Energy was also very much interested and bidding against PMO. Thus Simon Thomson and Paul Maynard have known Sea Lion for a long time and are a valuable addition to the BoD.

At the AGM Simon said ;-) it is very common that farm-in partners make a deal after FID and especially after first oil. That definitely makes sense from a risk point of view.

Yeast-is-Rising

People seem to forget that contrary to the new Israeli investors who participate in the Placing, we already had the opportunity to obtain 6p shares and 9p warrants.

And due to the miraculous sp rise after the AGM, all of us participating have had a 12 bagger. I wish them the same and the sp to hit 702 pence.

Yeast-is-Rising

Hi SpaceHoppa, to make you feel a bit better, when you add the 80p warrants the average placing price is not 53p, but nearer to 58.5p. Just to remind you at the AGM we were in the 40's and the 60 day weighted average was much lower then. Personally I was expecting a 42p placing at the time.

The fact that we could now be fully funded for the next three years should not be underestimated. Especially in the current investment market we would not be able to do the same if we had to rely on UK II's. It's a good thing, thanks to Navitas, we now have access to the Israeli capital market.

And to sweeten the deal I'll buy you one of those pink drinks you seemed to like so much at next years pre-AGM 😄

Yeast-is-Rising