Member Info for DrPatience

Good question, lebron23!

I am not a chartist, but worth a read:

https://www.ii.co.uk/analysis-commentary/barclays-shares-are-looking-bit-bubbly-ii533614

So is it selling at £3 (potentially soon) or at £4 longer term (whatever that means)

If it holds today, we should hopefully soon be on the next leg up to £3+

After so many years of suffering a bunch of us will clearly be happy!

🙏🏻😀

All solid apart from the hydrogen blip...but share price still falling...good opportunity me thinks

The amount is insignificant in the bigger scheme of things + historic garbage. Good to get it closed out though!

Well hopefully it will end for the sake of saving human life.

For us shareholders, is there any chance we will see any valae from the assets we had in Russia? I have lost track of what the status is.

Does anybody know?

Musical chairs of sort, then?!

Djm, maybe...but do you really trust the government? They will just make up something new, especially village clown Red Ed!!

Thanks, will check it out, although feels tenuous!?

Who knows, seems very sudden.

Did I miss something??

Thanks all!

Very true wrt gilts, of course, Actuary63. It just seems the yield has distanced itself more than a typically more stable risk margin.

With lower interest rates eventually, a 10% yield suddenly becomes very interesting!

Loss of the hydrogen project clearly not helpful.

I am wondering if there are other factors such windfall taxes or competition from GB Energy at play? Probably more perceived than real, if anything.

Thanks for sharing, not sure anybody really cares about this case though! As long as the current Barc team can behave themselves...

All good, but what's the issue then?? The sp keeps falling, albeit on small volumes.

I am interested in views? Is it the higher interest rates for longer context or something else?

Drivel from a troll!

Getafgrip, those lowball salaries mentioned (by others) have no basis in reality and clearly they don't know what the going rate is within the industry. I cannot see him being on less than 170-200k. He is the brain behind the discoveries and worth something. Whether Delt makes it is a nother issue. TBC. The previous CEO had to fall, in the end pensacola was a failure, even if mainly was caused by our politicians. He should have had enough foresight and done more to avoid it, as things often don't go to plan.

Mooching, none of the below in my view. Richard Sneller dumping his approx 10% stake crashed the share price (unsurprising). He has reportedly exited all his NS investments, so not a specific Deltic issue. Most longer term investors have taken position, I think (wait and see, as most sit on big paper losses and might as well see if Selene works out).

The swings up or down based on mickey mouse volumes mean very little, just small daytrader/ramper/deramper BS, but I could well be wrong. Would be happy if good news are on their way...

Spike, you are almost certainly right: it is not a seaprate legal entity. A JV doesn't need to be, it is still a JV - a contractual relationship with rights and obligations.

Setting up a frestanding legal entity is not an issue and that vehicle can raise project finance. Whether they want to and how much cash is needed from eah partner is of course a different discussion.

Hopefully, a third party player in the market is interested in our share. TBC.

Thanks Getafgrip, as usual very insightful!

ExpG, thanks, very thoughtful comments! Serious comments are always most welcome here!!

I doubt a low ball take over will be entertained by shareholders given the inherent value. Running out of cash is a concern, of course, and the biggest risk for me is Shell and Dana, in case we don't have external interest. They could squeeze us out by delaying things. I somehow doubt it, as this is very different to Pensacola. I would rather be part of a small fundraise to protect what have and buy time, if needed.

Getafgrip, punchy comment for sure :-)

You are of course 100% correct that Selene is covered by a formal JV.

I guess my only concern is what exactly is in the JV agreement. You might know better than any of us what that typically is? Including what are the obligations for injecting money in case Delt wants for stay until production? I would assume the JV could raise project finance to a great extent, but not in full.

Staying in has never really been part of the Deltic conveyor belt strategy. So I would expect full or partial monetisation being attempted.

Jefferies raises Barclays price target to 345 (330) pence - 'buy'

But we are above or near most historic targets by other brokers? More upgrades coming?!

Not that they get it right all the time...just look back at RR, took them time to catch up with the market!! I am not suggesting we are on the same patch here, but happy with £3+