The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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More buys than sells. Down 6%. WTF Aim.
PB, you are right!
However, sentiments are just that, just sentiments and often people don't read things properly. The CEO is quite a modest Scottish guy, he normally undersells and over delivers. News within the next month, I think. It's a small team and there is only so much they can do in parallel, hence why they gave us the RNS.
Caesar, I don't really see like this. The MM will always have a bit of stock to maintain liquidity. On news you will have no liquidity issue, as volumes (both buys and sells) will soar. Always happy to be proven wrong. Rest assured, if it ever reaches 25p again, I will do a major top-up!
"some way off" - can they read? From the RNS - "Our attention is now firmly focussed on drawing the Pensacola farm-out process to a successful conclusion and we look forward to updating the market in due course"
Dr Patience
Not market manipulation just good business practice as MMs have to accumulate shares from sellers for the forthcoming good news
Caesar, do you mind explaining why the MM would do that?
Are you suggesting they are selling shares now kept in stock, with the intention to buy back at lower prices? Sounds fishy and not the role of the MM to manipulate the market, but this is AIM, of course!!
GGG I agree with you but not only that, until the mid summer there are psychological juicy stop losses at 30p and 25p for the MMS to hit
I think it's investors thinking the Penascola deal is some way off and so taking profits (for those who recently entered). Its why I said if we still haven't heard anything in a couple of weeks the recent 10% gains will have been erased. Maybe a touch more weakness for the next few weeks is my guess.
People waiting to invest when new tax year starts is my guess.
AIm corruption as usual. Price drops? What the hell is going on here. Good news and this happens? Please explain.
Signing of the rig contract coupled with the firming up of the drilling schedule is another important step for Deltic as we move further down the runway towards the drilling of Selene and Pensacola. Confirmation that the JV has secured a high quality rig, with Selene and Pensacola being drilled back to back, represents another key milestone as we get closer to drilling in what is shaping up to be a very active and exciting year for Deltic."
They already have both wellls planned for this year people are confused
Anything above £50m mcap (54p) I think is going to require exploration or appraisal success. The current sp is just a few people waking up to the opportunity here in the next 6 months, alongside a few that have been waiting in the wings starting to get fomo. It'll likely drop back to 33p if we don't get news over the next couple of weeks as some take profits. Reckon that will be the last chance to top up in the 30's, as once funding news lands, and the news cycle begins, we'll start a climb to £50m mcap quite quickly. Following that it's down to drill bit success and the number of AIM lemmings running this way. If it gets 88e or PANR sorts turning up then +£1 is definitely on the cards should Selene come in at the same size as Penascola. If both drills come in (and we have a lot of lemmings), then £1.50 is likely. GLA
It would appear funding news is imminent given share price action?
80P TO £1 very likely given the politcal and energy importance
Delayed Easter egg coming 🐣😀
Maybe...
Plenty buys today. News soon? Something happening.
GGG, we are on the same, almost identical page!
As you can see, my original entry was 71p after the next announcement (I did not qualify the deal, but I assumed a decent to good deal).
Here's the thing, once (if...) it moves up, it will be almost exponential (circuit breaker time), then it's late to get in. I got in too early, but topped up in the low 20s, so average in late 30s. Happy with that; timing is never an exact science.
Imo DELT will be 50p just before / after the drills start turning in Q3. I think Penascola funding could add 10p if it's a good deal. And then there's a whole lot of news that will be delivered in the run up to drilling each well that will take us to 50p e.g. confirmation of dates, rig mobilisation etc. Every time they provide an update it will put DELT on AIM investor radars. Every interview and piece of coverage following will increase reach amongst AIM investors further. Finally there's the 10% sp movements that will no doubt follow, which in turn will further put DELT on AIM investor radars.
Point being is DELT is flying under the radar. It jumped by 50% on the back of the Selene funding deal and the following PR / coverage by Malcy. Imagine what happens as a regular news cycle starts kicking in for two major drills in the Nth Sea.
So 50p once funding for Penascola is complete and the drills are turning on Selene. This will only put us on a circa £45m mcap for an appraisal well on a very large discovery, an exploration well in a potentially huge field with 70% CoS, and all backed by Shell.
Sometimes AIM gives you a speculative gift. DELT is the biggest gift I've seen in a while. Crazy thing is AIM is full of rainbow chasing lemmings, and they haven't even registered here yet. Not long before they come running though. The first catalyst will be Penascola funding. And then the mindless ramping and dreaming will begin. Will let you know if I take more. AIMHO GLA
Ggg you think delt be 50p soon?
I've a paltry 100k holding but thats me at my limit before I enter territory of spending money I can't afford to lose. If we see this go up it'll still be a significant gain for me which would be nice. 600k holding I've got my fingers crossed for you too GG. GLA
Yeah they weren't even big trades. The big ones are often hidden from view for a couple of days. Up to 600k holding now. If I end up with 1m limit then I'll cut some back when we've climbed to 45-50p. My estimation is this will happen just before the first drill starts turning in a couple of months. I'll then ride 600k to the moon :) GLA
GGG, now showing...weird. Easy money indeed.
Weird my 100k trades form Friday ;t popped up yet. The 50's this morning are mine btw. Happy to keep accumulating. Easy, easy money to be made here. GLA
Good thought process Jack!
I somehow doubt the farmout deal will take that long, but a really good negotiator will cut to the wire, so let's see!
No 100k trades showing yet...but congrats! I always respect it when people put their money where their mouths are!
I am holding more than enough tbh...just waiting, I agree with your general assessment though. The deal they make is important and of course the drills too! My timeline for real movement is towards the end of the year, as we get everything underway and start seeing tangible results. AIM lemmings welcome if that takes us beyond 100p!