Member Info for DrPatience

Billybw, you are right of course, but when the spin off comes, we all get shares in both. Both will be valued at different multiples vs the current muddle, in my view. Then each investor can decide if they want to hold one or both of them going forward.

Civil servants finishing the extra assessments...they will probably wrap things up so they can have a long Xmas break without getting bothered...😀

Extra licences will not carry any real value short term, we need monetisation!! Just my take.

"Read that as no internal candidate being considered."

I tend to agree with you, although the article is saying the opposite.

Strange contradictions in the whole thing...if acting CEO has so much support, why start a process after 2 months.

What a poop show!!! Amateurish!

Grow up and move on :-)

Clearly not worth the agro for you!!

The company is well positioned in my view. Doing all the right things these days. Making lots of money.

The future is an upwards trend underpinned by the needs for materials. Commodities are also cyclical, so good options for trading the ups and downs probably between early 400s to high 500s.

No dog, I paid less than 150p, so quite content so far.

OPEC members playing the market is super possible. Why not? Most of the members from gulf states have direct links to royal families. If they all make money, no one is bothered. 100%

Nice move longtimeinvestor, but still not sure why it is falling?!

Oil is most likely oversold plus OPEC+ will make sure the market can not speculate this much further down. Just my take.

Well brokers just form a subjective view; which I guess is anybody's right + we may agree or disagree. What I find frustrating is that they make public statements, but it can be really hard to get access to the underlying analysis. Sometimes they go with the flow or you get the feeling they serve their own needs to push things certain ways.

I am just surprised with such a huge downgrade. China is flaky, but unless you feel they are in deep trouble, then demand will pick up pace. The purchase of Teck's coal business is a major textbook "multiple" opportunity, as the two separatate businesses will do well on their own. Glen being a "cleaner, more ESG friendly business attracting more institutions than now and newcoal co being able to trade in a market more open to milking the "dirty" coal business. Win-win + we win!!

I guess restructuring, streamlining etc will eventually translate into better results and debt reduction, but we need concrete evidence...very low price, so worth a punt for sure!!

Yet you have a broker down grade today...I have no details re their rationale, but it's really not how I see this to be honest!

"Liberum cuts Glencore to 'hold' (buy) - price target 515 (610) pence"

Eventually Glen will move higher, but when???

"Energy transition targets mean prices for the red metal are headed higher still. Renewable energy systems use as much as five times more copper than fossil fuel-based generation. China is on track to double its solar capacity five years ahead of its 2030 goals. Solar panel exports to Europe nearly doubled last year." 

(from https://www.ft.com/content/26ca7be3-7d98-4cb5-8dae-ecccc9fd8f01)

Bailey is the clown of the year! Clear cut choice!!!

Selene drill cost $35-40m as per the last corporate presentation; Delt has 50% of the rights but will pay 25% of costs up to $25m, then 50% of the rest. Say total cost is $40m, then Delt must pay 0.25*25+0.5*15= $13.75m.

I presume the next Pensacola drill costs are based on each party paying their fair share, so Delt to pay 30% of say another $40m, hence $12m.

Total around $26m, hence why I have $25-30m bouncing around in my head. That's more than the current market, so that's why I am also fairly confident we will see a monetisation event soon!

Please correct me if I got anything wrong here! These are the numbers I can recall off the top of my head.

Cookoo, as you know, oil&gas exploration takes time and costs money. Money needs to flow for investment in assets either from monetisation/farm-down or from investors (income from production is obviously not a short term option). It's really that simple.

Both Selene and Pensacola are excellent prospects. Indeed better/more promising than initially hoped for.

Both will need a large sum of money in 2024; not for the Deltic operation and Xmas party, but to progress the drilling work. Next geotechnical task is probably in 7 days. As I recall, we probably need around $25-30million to cover Delt's share of costs in 2024. That's going to happen through monetisation and if not, it may be the end of the road. I cannot see such a large fundraise happen vs the current market cap.

There is nothing rose tinted about this, this is for investors who can see the huge upside, but who can also appreciate and live with the risk of losing the whole investment. Risk/reward assessment.

I am expecting (good) news before Xmas, otherwise I feel we are running out of time and hope; unless we have some interim progress update showing some sort of steps forward.

Because cash will run out and their options will be worthless..:-)

Ouch, what a sh$t show. They really need to stay within their core competences, ie dirty to green liquids and gases. If you are head of renewables, obviously you want to go for everything including solar and wind. No, no, no!

I am all for it and hold several green cos, including JLEN and UKW. Just not something for BP.

It really is a long time without news; they are not even milking the news about the geotechnical survey starting soon. A pretty important and reassuring development.

I can only assume they are super busy making deals. I'm still hoping for a big Delt Christmas present!!!

Or...they have failed, given up, gone into depression, just sitting in the office drowning their sorrows with pints all day long.

I know what I believe in, cookoo can believe in the other one!!:-)

Sorry just jumping in without reading the full thread. Apologies in advance for any repetition.

Depending on the provider you can do "bed and ISA" or "bed and SIPP".

I think technically they sell and buy back quickly within the ISA or the SIPP to minimise impact from price movements. For a highly traded share, the spread will be small, so a small cost only. For aim shares, I would think twice or plan it myself.

Meoryou, yes, of course he would. He may well be right wrt IPO valuations, but thereafter just look at sector multiples. Huge gap. Lack of confidence in UK plc and currency post Brexit , Americans/their pension funds allocating more funds to the US market. Lots of reasons. The US market is possibly overvalued, but it is what it is.

Well, clearly something going on!!

A real investor making a genuine punt + FOMO?; or just pump&dump?; or insider info leaked to analysts, friends&family? TBC, only time will tell.

However, if you believe in the new strategic focus and that they can execute then the share is clearly hugely undervalued, especially if you look at the prospects for high margin revenue.