Nighthawk Energy Share Discussion Threads

[philmac56] 23/3/2017 09:02

road..yep, you are right, soz i took it as an agm.

i thought Rick was on the ball for a change...lol

[maxwell] 23/3/2017 09:01

The worst is way behind, and forward with tons of expectation as the
saying "The only way is up and away" at least for this year...

[roadrunner10] 23/3/2017 09:00

Phil, Don't think this is an AGM, Only GM to vote on Rule 9 Waiver.

[philmac56] 23/3/2017 08:18

First time for a number of years, we will have our AGM early.

Will we get Yr End Report Released prior to AGM???

Countdown begins!!

Gla

[mallorca 9] 22/3/2017 10:07

I'm sure it will pass also Phil - just requires 50% of those who vote.
I'm not too sure what refinancing deal you and others are waiting for - I assume CBA.
Last year when the arrangements with CBA were modified a clause was added which gave CBA the option of withdrawing and calling in the full loan amount ($23m) if they wished to, at end March 2017. No notice has been given that they wish to take up this option so I assume that things carry on. The three resolutions which will hopefully be passed on April 5 will greatly increase liquidity as long as the noteholders choose the share option rather than cash.
With regards to CBA, Rick did state last year that he wanted to replace it this year, however I would think that he will require the confirmation of reserves upgrade which will hopefully come end Q2 as a result of WF.
I'd be very surprised if Rick isn't working with CBA now re a new arrangement however, what headroom and terms we can achieve will probably depend on WF.
A yes vote on April 5 will also help our position with the bank.

[philmac56] 22/3/2017 09:47

Mallorca..just come off phone to HL.

I can't vote direct via form on NH website, as my shares are in a nominee ac.

I have to issue my instruction through them (HL), so i have asked to record a YES for all three resolutions, i have also confirmed the same to them via their secure message service, and asked for conformation, my vote has been action...wait to see on that note.

i really would be surprised if it is not passed, resoundingly!!! we have known about this for 6 mths+

Two weeks today, we will know!!!

surely an RNS before that date confirming refinance deal also sorted

[mallorca 9] 22/3/2017 09:45

Phil,
I've just spoken to HL (part of my holding is through them).
You can simply call them and instruct them to place your vote for you.
There is no need for you to complete any paperwork.

[mallorca 9] 22/3/2017 09:35

I suppose that that all fits with the fact that the benefits of WF will be fairly well understood by end June and then, it has been stated in the recent RNS, that a decision will be taken as to rate of production increase that is likely - as well as an increase in confirmed reserves.
These items along with the increase in liquidity available following the April 5 vote, should bring larger investors back in.

[mallorca 9] 22/3/2017 09:25

If the yes vote is passed, it's interesting that Rick then expects that the note holders who are due repayment of circa $2.5m this year PLUS 15% interest, will instead choose to convert this to shares paying 1p per share.
This will happen one way or another at end October so between now and then the share price will need to rise to an attractive level to provide them with a financial incentive.

[mallorca 9] 22/3/2017 09:22

Our votes may well swing it.
With my 2m, together we probably hold more than the independent directors - they hold circa 3m.
They have also voted yes by the way.
The Concert Party members (who have the huge holdings) cannot vote.
As well as allowing the conversion of circa £2.5 m of short term debt into shares at 1p per share, a yes vote also allows future cash for equity raising and pretty much secures future financing needs.

[philmac56] 22/3/2017 07:45

Mallorca, i will check later with hl.
In the past cos my holdings are in a nominee AC, i had to ask them to express my voting wish.
I never have any confirmation of any action they take.
So yes i will check and print form off.
Thanks for the nod of where it is

[mallorca 9] 22/3/2017 07:26

That wasn't my understanding Phil but if you ask them I'd be interested in the answer.

[philmac56] 21/3/2017 22:11

Mallorca,,,that ma be so, but all my shares are in a nominee AC at HL, so i believe i have to request that they vote on my behalf...Please correct me if I am wrong

[mallorca 9] 21/3/2017 18:41

Phil,

think you have to get the proxy form from the website.
It's there in Investor Relations.
Needs to be received by Monday April 3.

[philmac56] 21/3/2017 14:45

Mallorca..some interesting reading in the circular..having read it online, as i am STILL waiting for H Lansdown to send me a copy.

I will be asking them to vote on my behalf, suggesting yes to all three also

[mallorca 9] 21/3/2017 13:18

Have just sent in my proxy voting form.
I have voted 'yes' to all 3 resolutions.

[chesty1] 21/3/2017 10:50

Hawk and IOG both are ready for news next week. Fingers crossed.

[mallorca 9] 21/3/2017 10:09

Some sizable buys coming in today.
You know, the risk here is practically zero at this share price level.

Watch for an RNS next week detailing the new long term financing - probably with CBA.
Will be a nice sweetener ahead of the General Meeting on April 5.
Onwards and upwards.

[chesty1] 21/3/2017 09:14

Big volume from the off here today.

[philmac56] 20/3/2017 16:13

Chesty...I would assume that the RNs, will come before AGM on 5th april

[chesty1] 20/3/2017 15:55

Bloody ell back below 1p. Banking update needed and fast.

[chesty1] 20/3/2017 12:04

IOG are expecting news within the next fellow Hawkers!!! Add it to your watch list until this one gets the funding update!

[maxwell] 20/3/2017 10:14

No trades anywhere so far today, perhaps a few small buys could change
our fortunes!

[marmar80] 17/3/2017 15:18

Due to 1 trade only

[twodegrees] 17/3/2017 15:02

nice 7.5% lift in the states.