Member Info for DrPatience

Seems like a huge overreaction, but I suspect a lot of people have been sitting on the sideline, having reached £3, and wondering if they should hang on a bit longer. The results are in line with the plan, so I guess some will feel it's time to take profit, as the plan somehow is baked in. More to come, especially in US, in my view.

I am staying in a bit longer.

I swore I would sell at £2...but didn't as I felt we suddenly had momentum and no major scandals. We now seem to have a foothold above £3...and it may well go higher.

Unless the yield picks up, I guess we may get stuck somewhere between £3 and £4 per share?

Would be interested in thoughts from fellow investors🙏🏻

Someone must have woken up Dumbo85, I have a sea of filtered posts, the only filter I have is him/her.

With no news, I have stopped posting here to be honest. Not much to say without news...

Still only two main outcomes possible in my mind:

1) FID gets done leading to full or partial farmdown of Selene. Shares then worth something meaningful.

2) They run out of cash; Shell will take the assets instead of the payments they are owed. Shares then worth nil.

The politicians, both previous and current, have messed up Deltic and the broader north sea situation, that's why we are in the current situation, where even a fundraise is a non starter. Comrade Milliband clinging on to his job; the guy has nowhere else to go, has no energy/STEM understanding whatsoever and in fact working against national energy security interests, which requires careful management of the energy transition, incl. where energy comes from. US no longer a reliable partner. It should be every country for themselves. Not sure Labour will wake up to this fact or not.

DUMBO85: no need to reply, I cannot see your replies!! You have no shares and nothing interesting to say anyway.

Funny, I did the same! Good luck!

Upside is massive, but we need news soon?! Without Selene FID, farm down/sale of rights difficult.

The company has never made a profit. Period. Sounds worse than it is, it is now realistically within reach of break even for the first time in 10 or whatever years since IPO and with little debt.

I am definitely not selling, I want to see and benefit from progress this year.

Well yes soh, but not selling by a big investor, not a big holder did this.

The leak and subsequent misuse of info is illegal. How to prove it though!!!

And yes, they effectively condoned the broker figures by using it, but in fairness they said they only had visibility over 40%. To catch up/secure 60% within months was never realistic. I would have been ok with breakeven, but they are £1 million short basically, so I guess 6 months behind where they should have been.

Ps: I am hanging on to what I have; no need to panic and I will probably average further down. The company is still on a positive trajectory and has something special.

I believe the company expected break even this FY. The £6.9m came from the broker.

Data leaked clearly, this explains the recent, consistent selling.

Break even prob next year, but the delay is clearly not ideal.

I am happy with Glen...

I personally think this is (hopefully unjustified) market jitters due to Trumps tariff crusade!! Mind you, volatility is good for the trading arm.

Would be good if supporters of this could circulate on social media, as not gaining much fast, traction, yet!

Https://petition.parliament.uk/petitions/707101

It is blatantly obvious that demand for oil&gas will remain for a while and that it is better to have home production than importing from rogue players all over the world.

Would be good if supporters of this could circulate on social media, as not gaining much fast, traction, yet!

Https://petition.parliament.uk/petitions/707101

It is blatantly obvious that demand for oil&gas will remain for a while and that it is better to have home production than importing from rogue players all over the world.

Would be good if supporters of this could circulate on social media, as not gaining much fast, traction, yet!

Https://petition.parliament.uk/petitions/707101

It is blatantly obvious that demand for oil&gas will remain for a while and that it is better to have home production than importing from rogue players all over the world.

Https://petition.parliament.uk/petitions/707101

Worth considering.

Https://petition.parliament.uk/petitions/707101

Worth considering.

Https://petition.parliament.uk/petitions/707101

Worth considering.

Why import when we have our own? Lower emissions vs buying from US. I wouldn't trust US not to use LNG for political purposes.

Rooster/soh, I agree with your sentiments.

It's been a tough ride over the last decade in fact, but ONC is now set for growth with modest debts. Best shape I have seen for a long long time and with a real prospect of break even this financial year. That's a big thing! Huge, actually.

Someone sold a big chunk, but unlikely to be based on insider info in my opinion. Totally the wrong time to sell, but hey ho, let's see how it goes.

In reality most shareholders took part in the fundraise, so very limited liquidity and the sp means very little until we have news!

ONC is a world leader in their field, but it is also a developing field with a massive upside. May require a bit of patience, but it will eventually come good big time.

I personally feel we have momentum to beyond £3.

Would be interested in what our resident chartists have to say on this😊

Hi R00st3R, yes the fundraise was successful. Just above 2million pounds. See the various RNS' issued in Oct.

I added during the retail offer. I am also slightly surprised the sp has not moved higher since the fundraise, as the company is going to break even soon, fingers crossed, and a big proportion if the relatively expensive loans have been converted to equity. So yes, we have dilution, but it is matched by cash in the bank and less loans.

My guess us that many of the existing shareholders were part of either part of the institutional fundraise or the retail offer, so perhaps not so surprising we are stuck around the 15p range until we have material news?

My view is that we are in a much better position now vs when the sp was much higher after the sale of the cancer testing business.

There is a rebranding coming also based on past presentations but not quite sure what's holding this back?!