RE: DELT1 May 2024 14:25
Interesting, you no doubt remember He1. phase Pump and dump announcing Tai-2 , just 12 paces to the left, and 70m down.. Well Canaccord was joint broker, same for DELT.. They also act as market makers, and are a global investment bank..so money is their game.. Not sure if they are MMs trading DELT
Also end of the day He1 itself is in a better position, MC unaffected, just the LTH suffered while the smart money and savvy traders made a fortune...
So I guess the MC of DELT depends on the outcome of this years drills, and Pensacola has oil, while the other is an exploration well... Odd its Pensacola funding thats the issue, as its a valuable asset, rather than the exploration risk
One to watch, after hours funding RNS, only 93m share in issue, after the consolidation.. was 1.8bn
Raising £13m at 10p would result in 130,000,000 additional shares, thats still so much less..
Both wells come in, well 88e was +£100m with no oil.. seems set up to multi-bag