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Options:
- (Ill informed) attempt to spoof (takes a lot more, no one will fall for this.
- People buying a handful of shares on platforms with no trading costs.
- MM showing liquidity, setting the tone for the day.
It kind of means nothing in my view.
People trying to push the share price up ?
Courage Mon Braves Bear in mind with the potential of $200 million the board are in a reasonable position to make something happen Shell of course will just sit there and let things fall into their lap. Hope its not the Chinese yet again gaining strangle hold on a UK business!
Can someone please explain what the small trades are about and all about the same time?
I have already said that.
Oversold in my opinion.
Still feeling a bit sick from today. Took a £100k total loss in the space of 30 mins this morning. Total loss about £80k from original investment. Absolutely gutted.
I won't be surprised at all if they magically find the money from investors with deep pockets in the next few weeks. They'll let the sp sit here for a while so PIs think it was the best possible outcome and not revolt when the share count more than doubles. Make no mistake this would be the best possible outcome as well. The alternative would be losing Penascola for nothing, and taking at least another 5p off the sp. If this goes down as I think it might then expect a late rns with a primarybid 'offer' for those PIs with cash at the ready. As crazy as this sounds, if it happens then I'll drop some money back in here. Otherwise I'm well and truly out. GLA
Already assumed/priced in, in my view...
What will happy to share price, if DELT unable to find partner by end of May and have to hand over the license to shell for nothing.
Another IOG is happening…
I feel rather a big tree shake that may be a great opportunity for a buy.
Just a tree shake imho
I read this at 07.00 this morning and thought sell sell sell especially at 30p but couldn't, having walked away feeling gutted and disappointed and possibly betrayed or seems that way ive reread the rns and it's quite possibly a game of high risk poker to Swindells, but for me my nerves are shot. I thought it was virtually game set and match, but then again nothing is guaranteed,but as he says negotiations are still ongoing and there is other options although they do appear to be less attractive, i personally think there will be some sort of 11th hour deal just not what we wanted or thought, i just hope theres no skullduggery going on, already had that with a Mr Hart at Bowleven, Hoping tomorrow is a better day.
Cuckoo am a bit behind you at 59p to break even. I stuck with Delt 2 or so years ago when Shell came on board. Will wait for the dust to settle and then probably exit.
Never mind i have been waiting since 2014 to break even ,and to days drop only takes me back to that level,could of ,should of ,never did cut my losses ,i never chase ,once bitten etc , my bag but still hurts when i was half way back i still need 94p to break even
Soem of us at least twice
Exec directors and the HR Lady ? Gravy train choo choo
Got any idea how much these guys get paid ?
DP exactly my point. Time will tell
Algy Cluff and Michael Spencer are big pals. They are involved in Cluff Energy ( Africa)
Those of us who have been here long enough know the ropes! We're just Gun fodder
So are we to swallow that 30% share of an estimated 640 mil cuft of gas is going to be given to shell ,dont treat us as complete morons , there will be an eleventh hr buy out [give away] of the pen share funded by a new comp and i wonder who the money bags will be ? algy" Surely Michael Spencer could pay for this out of pocket change". I WONDER??
Dr Patience, no I wasn't aware of the May deadline. I put it down to not having done enough research. Not sure it would have made any difference as I would have seen it as news being just around the corner, and that news not being what we received this morning.
Ok GGG🙏🏻
Spencer, if not already part of a plot, will surely be a very angry man right now. Feels risky if the CEO doesn't have him onboard in some shape or form.
Did anybody see this mentioned before? Somehow, obviously incorrectly, I assumed they would have more time, given the drill realistically is Q4, right?
I may be back Dr Patience if this is what they;re going to do. Absolutely stunned by today's news. How we managed to get away Selene on such good terms and not a discovery is mind boggling. Best case outcome is they give away 60% of the company to some wealthy shareholders. It would be nuts to let Shell pick up 30% of the field for nothing.
Surely Michael Spencer could pay for this out of pocket change. Not sure what Richard Sneller is worth.
GGG, I agree, there is a plot somewhere. TBC!
Sorry to see you out (almost or in full), I have enjoyed your contributions!!
The contract must be split 70/30 for tax reasons Shell offsetting its cost by I think effectively 95%. Deltic cannot
and will be contracted to pay its full 30% costs. Business being Business I don't see why Shell should pay up for
Deltic if they cannot pay their share or default costs even if the licience defaults to Shell.