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May I ask the folks here, at what price per share would you vote yes to the merger/takeover?
What do you think the M cap should be?
Delt is worth much more than 2p but that’s the value I will support for a deal
Not long to find out whether they intend to make an offer
So far the market is fairly muted in what’s expected
Definitely but sadly I don’t think it will be half that
1.8p is where the market took it to on the Monday following the Friday surge
That is my guess if indeed they make an offer
1.8p is still 50% from here. I’d say the likelihood of an offer is greater than not.
oil 1.8 may suit you, but I will take long odd Michael Spencer will not accept. WE can pontificate till the cows come home but ultimately MS will make a decision that no one here can ignore
FD I definitely don’t see Iog offering anywhere near enough however there is a possibility someone else might
I want this company sold at the right price before the money is gone
Hopefully CalE might use some of their vast resources to sweeten the bid??
Mike agree, at least this whole shabacle has raised Deltic's profile which is no bad thing.
FD the share price is under the control of the institutional investors who have an enormous interest in iog imho
Do takeovers ever result in shareholders being happy with the price?
j1osf
William Hill seems to be getting on ok!
Fair dealer if u think the big players in Delt will reject a reasonable offer with prospects to grow u are deluded. 2p is a 60% premium and would be accepted. This takeover is a perfect fit for both.
Well 18 months ago this was 3p or there abouts. Why accept 2p with the additional benefit value that Delt now have?
It’s more about market cap zillions of shares issued effectively handing control over to the very institutional investors who are involved with iog and in doing so limiting the potential upside
I don’t agree mike. If Delt had not of raised the money then they would be doing it now sub 1p. Very strong position to be funded for activity of 2 wells. If T/o don’t happen these will be 5p + pre drill results on Pensacola
I honestly believe that a derisory offer of 2p could well see a counter offer.
Oil thanks for the compliment!!! So MS would be deluded? His holding averages over 3p. For an oportunist who arrived recently your remarks will be offensive to a large number of investors who have stuck by Delt(Cluff) throughout.
Being so eager to take a significant profit ( and good luck to you) why not get out now and move to next "Golden" opportunity.
IMO the way this is dragging on any offer from IOG becomes lee and less likely
Fair dealer I too can play the long game. U need to be realistic the board and major shareholders are not interested in me and you. The share will recover and I am optimistic about its future but for you to think they are going to pay +150% premium is just misleading. U will probably see next week that they will take IOG arm off for 2p
Plus MS won’t have a choice in the deal....they will be looking out for what it means for then. 3p was paid at much higher oil price be it the company has moved forward.
oil
Where does 150% come into it?
The value of the company is not based on a % of it's closing price on Friday, hoping desperate people will go for it.
The value is there to be worked out logically.
Fair dealer keeps talking about 3p
Well that's interesting, Delt's major Holder will have no choice....really he will have every choice unless he has turned into a total Philanthropist. Remember our licences are on GAS bearing rock. Even though Oil has dropped Gas prices have a different pricing structure.
Lord Spenser like many of us here have been patient so far so what's the hurry. A wait for another year or so is of little consequence in the big scheme of things.
2p would be an appaling offer.