Member Info for Andy144

I've been closely watching the share trades and there is absolutely no obvious large seller. There are some regular ordinary executed trades, all sells, usually about 10,000 shares at a time. All the other sells are automatic and of small size.

We are hitting covid levels now.

He was probably just banging Rusty's wife

I think it has been pretty well concluded that DEC has not been buying gas in the open market to make up a shortfall.

We don't need an RNS from the Co about the share price or any rumours. As Jim Hacker once said, "don't believe anything until it's been officially denied"

As regards fraud, you could throw that argument at any company. You either believe their numbers or you don't. If you don't then don't invest, but it is pointless to go on about it without real proof, not just if gas prices go up and share prices go down. That's just day to day market stuff.

DEC is still currently a voting machine which one day should become a weighing machine.

I'm sure I read that they had a daily purchase limit

Well, it's past my bedtime and i've got school tomorrow. I just about got my homework done inbetween having a fun conversation on here, and I hope I might get a star from Mr. Fordham, my History teacher.

With IG the dividend is paid (or debited with a short) at 7am on the ex-dividend morning before the market opens. They pay / debit the dividend less 15% tax.

Go for it! Just be careful. An up bet has a maximum loss level (if the price goes to zero) but a down bet has an infinite loss level. Stop losses are needed - just ask Caroline Ellison at Alameda Research who thought they wern't.

OK. get an IG account an open a down bet. £100 a point will cost you about £1300 margin. put the limit and stop at 20 points and adjust the limit as the price falls. It will be bust by when? November? 72 x £100 should get you to the USA and back a few times before Xmas to see the mother in law.

"For about the third time today, I am an anonymous poster on a backwater message board. If you believe I have any sway on the share price, you really shouldn't be playing with the grown-ups."

Er...when I say talk down (your words not mine) I mean discredit. Maybe that's a tricky one for you to grasp

So just to sum this up.

GG has continuously talked this down, whilst being a shareholder, and is totally convinced DEC is a fraud and will be outed. He is trying to convince everyone else of this view. So he is perfectly happy to lose all his money if this goes pop in a few days with an expose.

So we all sell tomorrow and he's the only one left and loses all his DEC money. But hey...I was right. I told you so. I'm the man. Get in. Back of the net.

Would that make you happy GG? Please explain if I'm missing something here?

So you have talked it down and down. Well done. Especially as you have, apparently, been talking down your own money, holding on with not so quiet desperation. If you were a sleeper cell I think you might have just pressed the button on your own vest in your own safe house with no-one about.

Is a bit of a Burford Capital. Accounts that are hard to get a hold on and very easy to throw mud at.

Thanks @ trotsky for your explainations.

Are we dealing with paid stooges from some shorts here?

Now you are being silly. You know perfectly well I am referring to the accounts for the 1/2 year ending 30 June.

"Is this loss the $133,573 shown as hedge modification in the 2022 annual report cash flow statement ?"

and just to give a balanced response, it is $0 on the June accounts

"Why should those buying the contracts care how DEC fulfil their contracts ? the important thing to the buyers is those contracts are fulfilled. Hence DEC has to spend big to fulfil those contract deliveries. Yes, if they have to buy daily, then they are massively overstating their reserves and daily output. The shortagesd have to made up, hence 100+ million in 2022 when the spot rose by a nightmare amount for DEC."

Where is this spending in the accounts? I can understand that there might well need to be some sort of adjustment to hedges but to claim that DEC understate their output by 20% plus $100m is something I think would have been picked up on by oaktree, Bond holders, recent II's who bought into Tanos 2 etc. It would be an outright lie and jail time for fraud.

GG: Andy144, seriously, if you had a company that comfortably hedged all your sales in advance, and made a profit, why would you modify those hedges at a cost of over 100 million dollars unless you had to cover a shortfall in your production ?

Seriously eh? Well I guess it much be some serious shortfall. DEC have a free float of un hedged production of about 20%. So, are we to understand that not only do they have to use this up for the shortfall, but they also have to purchase a further $100 worth? And this is done without anyone who they buy the contracts from knowing this?

You could be right I suppose. How about we ping off an email to investor relations and find out? You go first as it's your discovery. Mabybe you should also contact Carson Block. This is right up his alley.

I do not know what these hedge modifications are. I cannot see them in any note on the accounts. How do we know they are from buying gas to make up a shortfall?

Thanks GG. Got it. If you look at the 2023 June accounts this is column is now zero.

So hopefully whatever issue this was has now passed.

George: answer - it lost over a hundred million because it had to buy gas on the open market to cover up the fact it wasn't producing as much as it claimed. in the normal course of events, daily rise and falls could cover the production shortfall, but when the spot or open market price soared, dec lost a ****load of money.

Can you tell me where to find the $100m loss on the last earnings presentation please? I would like to look into this.

Cheers

@GG "Notrex, at 102p I started posting the problems with this company."

Many people on this board were very unhappy with DEC having a share issue at £1.05p to purchase Tanos, including myself and I have said so many times.

This does not make me insightful.