Nighthawk Energy Share Discussion Threads

[highasakite] 03/10/2017 13:52

options are a huge debt for equity swap (wipeout for current shareholders) or BUST.

It is that simple.

[rockin robin] 03/10/2017 13:50

'the Company has pursuant to the Waiver Agreement agreed to appoint an investment bank to advise on available options for the repayment of the CBA Loan.'Got to like that bit.....available options....

[chesty1] 03/10/2017 13:38

AST moving north folks!!!

[highasakite] 03/10/2017 13:00

debt for equity swap will wipe out current shareholders.

you have been warned.

[reallyrich] 03/10/2017 12:56

Rick always always leaves everything to the last moment

[marmar80] 03/10/2017 12:21

Falia, easy correct, but hard to sort them out when Rick is not proactively looking for no-bank related solutions. This co was cover 100m worth 2-3 years ago. Today 1m.

[balbains324] 03/10/2017 12:19

Well the doom and gloom merchants are out in force....finanve needs sorting and we are back to a penny.

[highasakite] 03/10/2017 12:17

lights out very soon. only mugs hold.

[mallorca 9] 03/10/2017 12:14

hxxps://www.shareprophets.com/views/31912/nigthhawk-breaches-bank-covenant-can-t-repay-debt-surely-its-an-equity-wipeout

[waterloo01] 03/10/2017 11:52

It was clear in the July results that they needed 3 things to go in their favour, otherwise they were in trouble. Renegotiate loan (not sorted), new RBL (not looking good) and successful outcome from WF (which so far has not delivered).



Emphasis of matter - Going concern

The audited statutory financial statements include an emphasis of matter (without modification of the audit opinion) concerning the group's ability to continue as a going concern. The Group's and Company's cash flow forecasts indicate that its ability to meet its liabilities as they fall due for next 12 months is dependent upon successfully extending the Commonwealth Bank of Australia ('CBA') existing loan facility which matures on 30 June 2017 on terms acceptable to the Company whilst alternative funding is secured. The ability to secure alternative funding is expected to depend on the success of the waterflood project and associated oil reserves upgrade. Whilst the Directors are confident that extensions to the CBA loan facility can be obtained, that alternative funding can be secured and that the waterflood project will prove successful and deliver the necessary increase in oil reserves, the outcomes of these negotiations and the waterflood project are unknown. These conditions indicate the existence of a material uncertainty which may cast significant doubt as to the Group's and Company's ability to continue as a going concern. The financial statements do not include the adjustments that would result if the Group or the Company was unable to continue as a going concern.

[philmac56] 03/10/2017 11:47

Pump & dump appearing!!!

[falia] 03/10/2017 11:35

EASY BUY ONCE FUNDING SORTED ,THESE WILL BOOM

[maxwell] 03/10/2017 11:34

Risky it can still lose any investment, although I have added
a few more, always a sucker for this co

[al101uk] 03/10/2017 11:32

Interims:

Revenue 8717893
Cost of sales -6959293
Admin expenses -2173941
Finance income 737
Finance costs -2397629 (Interest)
Taxation -35986
--------------------------------
Shareholders Earnings -2848219

Cash Position: 3105540

[highasakite] 03/10/2017 11:20

Shocking company.

[falia] 03/10/2017 11:16

GOING BLUE SOON

[falia] 03/10/2017 11:13

STOCK GETTING SNAPPED UP AT LOW PRICES

[rockin robin] 03/10/2017 11:08

Pretty obvious that they should be able to survive, they produce enough oil & they still have potential to find & drill - more out, ...just managing that historical debt is the clever bit(I can see another bank 'stepping up' dyor). Let's see what Mid Size Ceo of the year 1937 Rick has up his sleeve..Let's hope he has some f' big 'aces'.