Member Info for DrPatience

Very odd how the price somehow is controlled or "guided". Some days it starts at a different level and stays within a tight range that whole day even with big buys or sells. I guess this is only possible at such low volumes.

Sometimes it feels like the MM is going beyond their remit.

Anyway, on news, I feel all that BS will go away?!

PB, you are right!

However, sentiments are just that, just sentiments and often people don't read things properly. The CEO is quite a modest Scottish guy, he normally undersells and over delivers. News within the next month, I think. It's a small team and there is only so much they can do in parallel, hence why they gave us the RNS.

Caesar, I don't really see like this. The MM will always have a bit of stock to maintain liquidity. On news you will have no liquidity issue, as volumes (both buys and sells) will soar. Always happy to be proven wrong. Rest assured, if it ever reaches 25p again, I will do a major top-up!

This has been a dog for a while. Mainly self-inflicted, but it seems real momentum is finally building. Once, fingers crossed, it breaches 200, it may well run fairly quickly to 230-250. I had promised myself that I would sell above 200...but...

I agree wrt short selling: it's often close to market manipulation! No-one in the City will agree (in turn closely linked to the government), it's all part of the big gravy train, which small, mostly uninformed investors are paying for.

This petition is not getting much traction though, very slow uptake. I'm wondering whether it is has been "advertised" enough.

I have signed.

Caesar, do you mind explaining why the MM would do that?

Are you suggesting they are selling shares now kept in stock, with the intention to buy back at lower prices? Sounds fishy and not the role of the MM to manipulate the market, but this is AIM, of course!!

Delayed Easter egg coming 🐣😀

Maybe...

GGG, we are on the same, almost identical page!

As you can see, my original entry was 71p after the next announcement (I did not qualify the deal, but I assumed a decent to good deal).

Here's the thing, once (if...) it moves up, it will be almost exponential (circuit breaker time), then it's late to get in. I got in too early, but topped up in the low 20s, so average in late 30s. Happy with that; timing is never an exact science.

GGG, now showing...weird. Easy money indeed.

Brave64...why 28th? help me understand? this is the div pay date; ex div was 15 Feb 2024?!

Thanks and sorry if I missed something!

Eviking, some of those investor comments don't make a lot of sense. If offloaded, each investor can decide whether to keep or sell. In other words, investors can diversify on their own, they don't need Glencore to do that. The era of big conglomerates being a good idea is over. At the moment, quite a few institutionals don't want to touch Glencore for ESG reasons (mainly the coal). More investor interest surely has to be a good thing. Coal listed somewhere more open to coal will surely improve the multiples, hence worth more than as is. Anyway, just my take. Should be offloaded!

Good thought process Jack!

I somehow doubt the farmout deal will take that long, but a really good negotiator will cut to the wire, so let's see!

No 100k trades showing yet...but congrats! I always respect it when people put their money where their mouths are!

I am holding more than enough tbh...just waiting, I agree with your general assessment though. The deal they make is important and of course the drills too! My timeline for real movement is towards the end of the year, as we get everything underway and start seeing tangible results. AIM lemmings welcome if that takes us beyond 100p!

Same question for the last few days? any views? with interest rates coming down, JLEN ought to go up!?

Very good yield now, even better (relatively speaking) later?!

Repeating my entry from 8 Feb 2024; good luck all, we should know fairly soon. Everything is still up for grabs!!

"Status after Selene farm down (this is obviously a 2 step process now):

(all in pence)

boom.boom 35/15 (20 if partial)

Glide 40/5

InsideLeft 104/6

SouthEast18 60/18

No.2 105/12

Butcher-boy 120/19

Titmnttm 90/12

MarineConsult 55/10

Purdey1 80/15

Dr Patience 71/13

----------------------------------------------------------------

The simple question was: what happens, on close, to the Delt share price on the day of a confirmed funding deal (the expected outcome) or a message saying funding attempts through monetisation/ farm down have failed (ie placing process must be initiated)? Prize: the honour and glory!😀

No more entries obviously..."

Bp, you are right, that's the declared plan and the most likely outcome.

The main reason for the current depressed sp is the uncertainty; ie what if they cannot not make a deal? Then fundraise. A fundraise is actually even better from a financial benefit perspective, but that's not the way it's gonna go.

We had a competition a while back; guessing the sp after the 2 deals have been announced. I will find...

On top of that, don't forget the actual drills, both could reduce or enhance the assets. So far Delt has been conservative, so I am hoping for double good news!!😀

I think that's right! Until news - good or bad - that is!

It's still only 1.5 p in old shares, super low given the much better position we are now in vs teh past. So much fear around the next deal not happening, obviously.

Https://www.ii.co.uk/analysis-commentary/can-barclays-shares-make-move-above-200p-ii531090

Interesting to see if we can breach 200 pence soon...been a long wait...

GGG, looking at the pattern: I agree, it's currently small fry!

Having observed patterns here and elsewhere, it could be:

1) News imminent, it's leaked to a junior analyst or friends and family...it happens!

2) as you say, fundraise pump...highly unlikely in my view as they have plenty of time to finalise the next deal!

3) just one of those days where more decide this is good idea, vs those who don't! Random.

Probably 3.

And yes, I also think this is a good idea! Not a risk free venture to drill for oil&gas, so the potential upside will commensurate with that😀

Oiled-up, a tricky timing issue...it may well reach £5 and may well fall back after ex div or generally)...but also, I am almost certain it will go above £5 as and when interest rates really start falling.

Could go well or one could miss the boat...I am also thinking about it 😀