Member Info for DrPatience

Thanks Getafgrip, yes let's see.

It also makes me wonder how far Deltic intends to stay in as each project moves towards actual production?!

I had always somehow assumed we would cash out before production, as it in effect is an exploration company not a production company. On the other hand, I can see a lot of upside from retaining actual production rights.

I probably need to revisit some of their presentations, but would welcome thoughts from anybody here.

Getafgrip, I also agree that funding will be done. And yes, the release of the CPR was carefully orchestrated and timed. To me it shows the team is on the ball.

I guess the only area where we diverge is on the source of funding. I have so far assumed the £20 million needed for the next 2 drills would be funded only through monetisation/farm down of Selene and/or Pensacola. However, you are suggesting lending might be an option. If so, even better, as more value would be retained. I think it may be one step too early, but let's see! It's for the same reason I have never really been adverse to a placing.

Indeed, but not doing much for Barc...😀

Low P/E ratio, big discount on book value...I'm still hoping for a re-rating this year!!

It used to happen during the auction periods. Is that the issue you have? Can be pretty misleading, if one is not aware. Not sure how other platforms do it/ if they do it better, as presumably they are all feeding off the London Stock Exchange market data?!

It is no doubt going to be fairly bad, but I am only looking forward at this point!!

I feel the past is already baked into the current price and based on the recent strategic re-set, things are going to work out!

Some further good news would be nice also!

I know from a past survey, that we have quite a few participants on this thread. Many are reading rather than contributing, which of course is totally fine. However, would be interested in participation from as many as possible on this occasion. Just a bit of fun to gauge sentiments and expectations!

The simple question is: 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)?

Dr Patience: funding done= 71p; funding not done 13p

Just reply and add, if you are in!

Prize: the honour and glory!😀

OK, I do think these targets are entirely possible IF things go well with current funding initiative and the 2 drills. Selene and Pensacola are two of the best new prospects in town! Exciting times! Can also go horribly wrong, but looking good for now.

Djmtrading, I don't really follow, but would be interested in you elaborating!?

Renndava, I personally think the main run will be on the day, or the immediate days just after, when funding is confirmed. Circuitbreaker time!

Funding (or rather lack of) is by far the biggest risk on my radar. The geological chance of success is very good and with several upside possibilities highlighted...so I would expect a slow increase after the initial jump at the funding announcement, but who knows, let's see!!

Thanks will read with interest!

Full link:

https://app.powerbi.com/view?r=eyJrIjoiNjkzYjNmMWUtMWY2MS00OGY4LThmYWItN2UxMDM5NmRjODIyIiwidCI6ImU2ODFjNTlkLTg2OGUtNDg4Ny04MGZhLWNlMzZmMWYyMWIwZiJ9

They have cash in the bank, probably enough for day to day stuff for several years,

HOWEVER, they do not have the £20 million or so needed to pay for their share of the next 2 drills. That will come from farm down/ monetisation, ie giving up a slice of Selene and/or Pensacola (or Syros). Fundraise is not a part of the declared plan, would only become relevant if the ongoing negotiations somehow broke down. Seems not so likely at this point, but obviously possible.

200p a bit of a strech; short term at least...as much as it would make me very happy!!

The main focus right now is Selene, Pensacola and Syros. See https://www.delticenergy.com/wp-content/uploads/2024/01/Corporate-Presentation_Jan_2024.pdf

Cupertino still live, but expires in March '24. The rest of the Capricorn stuff pretty much not renewed/given up, although

I recall they may reapply for one or more of them (in a good position to do so). See RNS 27/7/23.

I give the old Capricorn sites no value at this point, the same for any new awards coming imminently from the 33rd licensing round. Nice to have later on.

When they pull off Pensacola, Selene and Syros, yes 200p, why not? Good enough for me!!

Probably just below mid range at that point of time, so counts as a sell. Obviously you made a buy, but someone also made a sell...

The buy/sell indicator is always a bit misleading. My last few buys a few weeks back also came up as sells. It also felt wrong...but...

BadA, as said before: patience...:-)

This is actually silence before the storm!

Well, yes, it is now much more likely than not. I think people have realised that if you buy after the actual announcement, the price will be totally different. Possibly double or more on the spot!! Timing could be weeks down the line, but clearly the CEO would not say they have multiple, very interested parties engaged, if they haven't. Could still fail, but looking unlikely at this point. Pensacola also have upsides, as can be seen in the Competent Persons Report. Selene even better!

Things can go wrong of course; parties can pull out at the last minute, the drills can go wrong, but it's looking better than ever to me.

And rightly so, things are looking better and better. Once funding deals have been signed: circuit breaker time!! Guaranteed.

Not sure why anybody would be selling at this level.

Good luck all and congrats to those getting in now. Perfect timing.

Metals' future is bright. China slow: yes, but not surprising as the US are pulling back manufacturing big time. Overall demand looking good underpinned by the energy transition. So what's the issue?

For non US person and not resident in US; US divs 15% withholding if you fill in the forms, otherwise 30%?!

Listing in US only a good deal for value uplift/better multiples, not good for how divs are taxed.

Not sure if US would accept the divs as capital returns as currently is the case (also HMRC not happy with this ref ongoing disputes).

https://www.buzzacott.co.uk/insights/key-tax-considerations-for-british-nationals-investing-in-the-us

Let me know if I missed something, please!

Well, it can clearly not wait forever. I think it is fairly imminent. I initially guessed it would be before Xmas, but...

Shell will be driving the ordering of critical equipment/services, so it also depends on when Delt needs to hand over payments to Shell. There is a bit of cash in the bank, so they may actually have a bit longer than what we think.

Would be good to get the deals done sooner rather than later, though.

Getafgrip, we are in the same boat!

But timing a bottom (or multiple ones) is super difficult and close to impossible to predict for this type of company, pre-revs.

I anchored all my buys in the underlying strength of the assets and frankly the Delt team has so far not disappointed. Things are only getting better and better.