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My gut tells me they've got the majority of shareholders behind them already. Cannacord have been getting out for a while. Maybe this has changed the balance?
I would not be at all surprised if the MM's gap this up tomorrow pre open I don't know city games but I wouldn't be surprised.
Why should it gap up? We will see soon enough I suppose.
I am guessing here but I would suspect when a vote occurs it has to look far more attractive than it does with our current SP.
Could we name change and reverse into Deltic, so as to keep their listing? Would open up trading again with all brokers!
Hence why our sp is stupidly low compared to UJO ttaa. I did wonder and posted along these lines when the RNS popped up, fwiw.
Krull, good point, if it could work on the same terms.
Looks like there might be a few disappointed folk in the morning.
Yeah Rubey, it might sit better with the smaller Deltic shareholders, don't think they would be happy not being be able to buy RBD shares, although I think they will be allowed to sell
Disappointed, why Levi. Either the SP goes down like they tried last time and RNS came and we all pile in again for top ups or the SP doesn't react or the SP goes up.
Well, if the brakes have been holding this back, tomorrow they will be lifted!
Should think Deltic will gap up tomorrow, It's now in play, they might get another bid from someone else
"Following initial conversations with a number of Deltic's largest shareholders"
Looks like the big shareholders want it to happen, could already be a done deal
Rubey, perhaps for investors/traders who have spare change or a bit of pocket money invested it might be exciting to see a potential blue sky expo drill in 2021/2022. For those with sizeable investments awaiting the sale and/or special divi from WN this would be an extremely dilutive (around 25%) event at nearly historical low prices while we are allegedly on the cusp of huge success at WN.
Desmond, the share price will increase in due course.
So you think I've invested spare change or a bit of pocket money? You need to grow some balls, or invest in FTSE100.
Desmond, I will add the offer is for £12.34m. DELT had around £11m cash at the end of April. It's hardly 25% dilutive, is it ffs.
Rubey, we are potentially giving away 12m quid in exchange for shares in RBD which is effectively a form of dilution. God I do despair sometimes reading the tripe on here sometimes.
“Completion of the Possible Offer at the Exchange Ratio would result in Reabold shareholders holding approximately 76.2 per cent. and Deltic shareholders holding approximately 23.8 per cent. of the combined group's issued share capital.”
If there is currently 6.7bn shares in issue and you add about 2.2bn or so more shares how much have existing holders been diluted by? Clown
Incredible. I'm not wasting my time talking maths with someone who has the mental capacity of a 4 year old. I take it you don't make much profit Dessy.
Night all.
Deltic are cash rich at about the equivalent to their M-cap, the RBD take over offer is like a cash raise at current share price level
Desmond I get what you are saying and I am sure many others do but you are wasting your time arguing with Rubey. All you will get is abuse as his clearly shown in the last remark.
I hold both but this offer is ridiculous. Not a hope in hell that RBD are gonna steal DELT by offering worthless paper.
lol DELT's slapdown RNS is pretty brutal this morning
Yes they seem to have gone on the defensive for sure, one things for sure if S&S pull this one of there will be no parting hand shakes!
I thought it was quite basic to be honest. A little dig about West Newton, but I expect DELT's major shareholders know exactly what's there in order for them to be interested in the first place. I'd be disappointed with this RNS if I was a DELT shareholder.
The Board of Deltic Energy has a detailed understanding of a number of Reabold's investments, in particular, the West Newton project, which gives us serious concerns in relation to the technical viability, materiality and limited potential upside associated with various of these projects.
Oh really and how did they come about that conclusion, I don't see how they would have access to the latest information that was used to raise the cash for further development.