The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
My first thought was why are they diluting us now, before we start getting the oil out at WN.
However if we want to get our hands on there cash and assets for a song, we need to dangle the WN carrot in front of them. They still get to keep there cash and assets in the form of RBD shares.
In return we get cashed up to help develop WN further, then in return we can look at the north sea assets once WN is sold or producing. Some cost savings will be only one listing instead of two and only one management wages to pay instead of Two
We are missing something here a big piece of the puzzle. Has value been created in WN already with the drill results so far. Lets go left field do we keep our latest investment in Humber and sell off the rest before the drill even turns, have they been offered a sum that fits the value curve been offered. I just can't get my head around the risk being taken at WN with our % share would be a huge detriment to their reputation if it went sour as we all know these things can. Add that to the latest spend required for this possible deal today and something doesn't add for me. I would love to be a fly on the wall. One thing is for sure theses guy's aren't inexperienced and I trust them to make the right decisions.
Obviously not Rubey.
Some people perhaps can't see the wood for the trees.
7 billion shares in issue!!
Masterbaker Delt used to be Cluff (Clnr), the share graph tells you much of what you need to know.
This is clearly an opportunity not to be missed. Don't look a gift horse in the mouth. Look at the assets, the cash and the cost. No brainer in my opinion. But as ttaa posted, ' If our SP goes North tomorrow thats a sure tell tale sign also.'
I thought the strategy was to buy low cost near term production co's. We'll be looking at years away, not to mention 10's of millions needed.
I'd vote no, let's see if we get what got going first.
Saying all that, I know bugger all about delt.
We are currently valued at less than the money raised issuing over 6bn shares. Great performance.
I used to be a holder of Cluff. It was a basket case. Will the Shell deal ever happen, the market doesn't think so and has valued it accordingly.
So you don't value over 11 million quid in cash and a partner like Shell? I think it will happen little the board can do if the II's have decided I suspect. If our SP goes North tomorrow thats a sure tell tale sign also.
trytry we will have to agree to disagree. Will they ever get on to value from the north sea or would there be yet another project latched on and another raft of shares.
If someone had told me last week that Rbd were looking at issuing another 2bn plus shares I would have laughed in disbelief, yet here we are.
Levi, I see it different.. rather than a big special dividend on WN sale I get a crack at a North Sea asset. Ok if you don't have a few years to wait it could be frustrating I get it. I think it would be an amazing opportunity and good use of the cash from WN. Deals are done in the city months before we hear about them so don't always rely on current information we have in hand.
Lol Rubey so this started to drop in December because Covid was coming yet every other share didn't until late February in to March. Ok. Good one.
Desmond, don't include me in your dopey post thank you.
By the way - research 'running room'.
As a cluff shareholder I just wanted to say not a hope in hell I will vote for that p poor offer
Do you hibernate, Levi? Covid-19 was known about in December. It was pretty obvious it was coming here and was going to stuff everything we know to be normal. The share price didn't get to 0.6 until lockdown was imminent.
Dear S&S
Please prove up WN before you dilute everybody yet again.
Kind regards,
Every PI who has dealt with your missed timelines and ‘running room’.
I would have been against this but luckily it's rejected.
Let's just focus on our current assets, flip an asset once it comes to fruition until then avoid new assets imo.
Yes Ruby that drop from 1p in late October down to 0.6p in March was all Covid related. Lmao!!
It was the hangover from the placing plain and simple.
trytry if they keep issuing shares for this that and the other shareholders are never going to benefit. Your value of WN is already set to get diluted some more by these f*kwits.
We haven't got to the monetisation part of the strategy, I understand your frustration but I also understand what the guy's are trying to achieve here and I am more than willing to wait for what I lovingly refer to as Payday!
I note DELT share price 52 week high is 1.73, and the low is 0.55.
'The share price had dropped from 0.9p to 0.6p before Covid'
And you accuse me of talking rubbish! I can see the bulletin board benefits massively from your intellectual contribution Levi. lol
What rubbish. The share price had dropped from 0.9p to 0.6p before Covid because of the massive overhangs created by printing reams more shares.
A little unfair, I think Levi. I'm sure that if it weren't for the impact of Coronavirus over the last few months, the situation would look markedly different.