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https://www.delticenergy.com/wp-content/uploads/2023/03/Corporate-Presentation-March-2023.pdf
Major-Tom, everything is more or less factored into a share price, but it is the unknown that surprises to the upside and results in re-ratings. I have an oil company JSE that I bought at 70p doing exactly the same thing with a strong BOD, a track record and a new credit facility.
If we have to be negative then its the interest rate that despite being high is not as high as say venture capitals are paying and we can always do a favourable equity raise if we get the share price up. Much depends on the cash costs of the projects I will looking at in detail. Large open-pit ideally, and copper.
Good RNS. As I am new I have no idea what the money is for, but implying an aggressive growth strategy. So many prospects I am looking forward to holding for the long run.... but I welcome traders who at the end of the day provide the liquidity.
Low-life volatility traders provide us with important liquidity. Let's be tolerant of them. We know the asset here and we know the enterprise value. No more is needed.
Good luck Tornadotony.
I am happy to have taken on the baton on the pull back. Net profit, dividend and growth.
AAZ will sit nicely with CAML and GLEN.
You can wait. Pound cost averaging is also an option.
Despite the small-cap, this is actually a proper investment where the share price movement is reflected in the cash flows. Unlike many AIM small caps at this price where the price is random. This will put off typical AIM investors.
What I do know from experience of these types of wells, if we get a duff well, the SP will only drop momentarily.... maybe for about 2-10 minutes after 8pm before recovering.
https://www.delticenergy.com/wp-content/uploads/2023/03/Corporate-Presentation-March-2023.pdf
Snoop
Market-sensitive information will be out in an RNS not a presentation.
" nothing the presentation we don't already know " not true to any new investor like me. Thank you.
These pullbacks are a great opportunity in mining today (maybe oil tomorrow... come on BP pullback!). I went to buy a small amount of GLEN but had fat fingers and bought more than wanted.
H2 this year should be strong as China opens up much slower than expected.
"Has anyone got any positive news about this company"
Yes bits of positive news:
1) The PI's here are getting peeved off and turned into net sellers. They were always here to sell before the drill results harking back to the good old days. This is good news as the company should be undervalued...
2) The market cap ignoring the millions in cash is £41m. This really is materially undervalued by a miles and miles. Well under the placing price.
3) UK gas price jumped +4.34% amongst a sea of red is a good indicator. Global gas surely bottomed now and at historic lows and up 3.90%.
4) For the first time ever, UK national grid is using its coal-fired emergency power plants this week. I added some coal via GLEN (Glencore) as well as buying in here today.
5) UK gas storage infrastructure still not gaining traction.
Awsome asset DELT has. Thanks for the opportunity.
468 on the Fib. Seems a bit too low. Bit gutted on slower China restart and 5% GDP target but this will come good this year.
Sadly we get what we pay for. AJBell is well worth having for more "complex" shares.
I have been following Deltic Energy for while. A bit like Hurricane Energy from weeks before IPO I waited many months for the share price to fall to fair value and undervalued and I made significant gains that I sold.
Deltic Energy too was overpriced especially given the risk of the drill.
This is now £41.43M on poor gas price sentiment around lack of storage. Lack of storage works both ways and its not very relevant to DELTs day to day!
I hope this is peak pessimism but I am going away now because these forums are terrible in that investors can influence you because AIM is driven by PIs. Some forums are genuinely good but that often does no last long.
£41.43M.
AXL is a lower-risk nano cap that must outperform index trackers to make it worthwhile. Index trackers like WENS, SPOG and ENGY contain cheap companies with very low risk. It will be fun to find out though and I expect outperformance.
China has in readiness large stockpiles so it will take time for these to feed in throughout the year. This time next year you should be happy you bought into here. Lots of uncertainty over every investment these days hangs over the air so longer-term thinking is required.
Simon I can't be doing with the hassle of holding PBR. I just invest in IBZL which has a large chunk and provide >12%. Interesting that they are being forced to go into renewable.... actually think its a good move from Lula.
sorry going O/T.
I can see the number of shares I am left with in my account.
We will have to wait until the 14th for the cash and then have to to wait for our platform to credit the money, hopefully on the same day. It all depends on your platform. Rather be with a big platform than say Freetrade for stuff like this.
Interesting regarding selling for JSE as I am now looking to sell JSE to start adding to AXL! I'll end up holding both as jumping from one to another is rarely effective.
Massive negative headwinds for gas. Prices could go negative if there is no storage! This winter could be cheap. The winter of 2024 there will be a large supply issue again. This stock could make an unbelievable upside. I am so close to buying.