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Me if im wrong but it has been to 80p in ln money before only last year ?
Some more yesterday, some resistance around 40-42p but once that is broken shares could move towards the 80p previous highs. In my mind one of the cheapest plays out there DYOR
Conservative estimates i feel but all good news from here
SP before we start drilling really boils down to the Penascola deal and how much we give away. As mentioned I'd prefer them to do a capital raise before giving away too much of such a large find. Not sure if the sp will double but certainly expecting an mcap of around £50m as the drills are turning, so 50% upside from here. If there's some good lemming bait being put out (news coverage) then yes a doubling is possible.
Regardless of lemming numbers, if Selene looks like being the size of field they have mentioned, then I'd expect us to break £70m mcap (80p) before we get Penascola news. We'll def. break £1 with two good drill results. GLA
SP usually doubles two months before drill
Djm, some people may question what the relevance of this article is? In short: big boy geopolitics and China's Belt&Road in action!!
So much more good reason to consider Delt is in our national interest. Natural gas is the backbone of heating in UK (rightly or wrongly) and not changing any time soon, although eventually it will. Labour and the Tories really should wake up and treat us with a bit more care. Surely national interests must come first?!
If so, good window for Pensacola and Selene to shine!!
Https://simplywall.st/stocks/gb/energy/aim-delt/deltic-energy-shares/valuation
DJM, I am interested in the source?! Ta
Yes i agree , Latest target price £1.40p on what basis that is not spelled out that is for the best traders to work out
Djm: hopefully even a Labour government would take notice of Shell, who in reality can leave UK and have a perfectly good business everywhere else in the world.
GGG: yes...also let's not forget we are only at 1.85 p/share in the old share count. Shockingly low considering we are probably in a better position than ever before!
Https://www.proactiveinvestors.co.uk/companies/news/1044773/shell-threatens-to-quit-its-london-listing-for-new-york-1044773.html
No more pushing around the goverment will surely sit at the table to make oil and gas viable for uk companys
Reckon we're on our way to the 40's with a few bumps along the road. Once Penascola drops I can see a spike to the mid 40's and then a slow creep upwards to the 50's as we near the first drill. It's only about 20 weeks until Serenity is being spudded and there's a lot of news between now and then. Not long in the grand scheme of things (an eternity for a lemming though). Just need the news cycle to begin and we're up, up and away. GLA
Djm, is this a chartist's view or? pls explain to dummies like me...I only trade on business fundamentals, macro etc.
Current UK£0.35
UK£1.43
+310.1%
12.3% UK£1.60 UK£1.25 n/a 2
Well done Dr Patience. Every day that goes by is one step closer to getting the final f/o agreement. And if it isn't on decent terms they should do a capital raise providing it's above 30p. I think this would be very easy for them to achieve and would help with maintaining a maximum stake in our Penascola discovery. Either that or go for a small loan agreement. We're only talking USD$15m to cover us for the Penascola drill. Following any success they could then do a capital raise in the 70-100p range and clear the debt facility.
I'm personally hoping any f/o will be done with Shell. Keeps things clean and easy to progress. Either way once they have Penascola moving I'd like to see some serious PR to get the market excited about our upcoming drills. Not many low risk speccies that can 2-5x in 6 months out there. This has to be one of the best given what we know already.
Confident we're not going back into the 20's now. This bounced off 33p a few times and will only move upwards from here. Such low volume that when news hits it will be in the 40's in an instant. GLA
47,950 shares to be precise😀
Added 45k shares this AM (3 trades)
All GGG's fault😀
Good luck people!🙏🏻
GGG, well set up, indeed! Good luck!
I have similar views, although I might leave everything in to the 3-5X level, fingers crossed. Good odds overall and may be the best opportunity of 2024.
Waited until this evening after finishing my top-ups for my desired holding.
Here's how I see it. I'm expecting news on Penascola within a month. This is their focus and they need to get an agreement in order to get sign off from the relevant authorities a month later. This takes us to early June. Mobilisation starts on Selene in July, followed by Penascola (which will need to be confirmed before-hand).
What IS guaranteed from now is regular news on Selene. Although not guaranteed I'd give +90% probability that Penascola is signed off in the next 8 weeks. As a consequence I've just topped up another 75k shares today (those 25k buys are mine) to have 725k in total @32p average. Quite happy with that overall as even if they do a capital raise it will be above 30p. This is my speccy for the year. Plan is to offload 150-250k in the 50's before we get the Selene result and ride the rest.
People need to keep in mind here DELT have a discovery that is being appraised, which according to Shell is a very significant find (otherwise they wouldn't be bothering). On top of this they're drilling Selene before-hand that could be even bigger with a CoS of 70%, again according to Shell. Shell are a super-major and don't tend to over promise like minnows so it's their words I'm focused on.
We are about to enter the news cycle folks. Selene updates will be regular from next month. And WHEN Penascola is signed off we will have constant news until year-end. Within 6 months we'll have the Selene result and be drilling the Penascola appraisal. In the success case on both you have a guaranteed 4-5x, and in the success case on one we have a 2-3x. Lemmings are asleep at the moment and those here are trading 25k shares for 10% profits at best (to me). This is how I've picked up another 75k in the 33's today.
All playing out as I have mentioned on here. Slight pull-back for the next week or two, before a news cycle that is now guaranteed pushing us into the 40's. Once the drill bit on Selene starts turning (with Penascola locked in), we'll be in the mid 50's. It will happen. Just needs a bit of AIM lemming bait to be put out. GLA
Stop Loss Hunting plenty of articles to google..
Ha, yes could be! I managed to get a good top up at 22 then couldn't resist at 30 last week. On s side note I used have some colleagues on the 123 but not anymore unfortunately :(
Subsea, yes who knows. In recent days lots of round number buys...just wondering. Could be GGG adding, of course!
Very odd how the price somehow is controlled or "guided". Some days it starts at a different level and stays within a tight range that whole day even with big buys or sells. I guess this is only possible at such low volumes.
Sometimes it feels like the MM is going beyond their remit.
Anyway, on news, I feel all that BS will go away?!
Possibly keeping the door open to let some friends in before the wind catches it?