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I did...but don't underetsimate the power of doing the fundraise at half price vs yesterday. It basically means Pensacola comes for free!! The damage has already been done.
We cannot realistically reject, the large shareholders will decide and now get a good price. Possibly all planned. But fundraise at this price is still good for small investors. Better than giving up the licence.
Yep, they should have done the fundraise earlier. Now they are on their backfeet.
Not sure why there is an end May deadline? May be contractual that they need to show the cash at that point?!
Difficult to even get a quote for buy or sell...panic panic panic
Money to be made - yes, but will possibly drop like a stone due to panic. Even if we have a one trick pony, still worth more than the sp of yesterday. There is no doubt also a political message here, just like when Shell is talking about moving to US.
To be honest, both Labour and the Tories have not been helpful. What a sh*tshow.
All: AGM PRESENTATION 15 JUNE 2022, slide 11, gave a very good summary of the EPL and in fact highlighted the opportunity for Deltic. Most people chose the panic, rather than the opportunity route. Probably widely misunderstood. Labour could well erode this, but ultimately they also need to look after the people who will vote for them and not least national energy supply security.
Getafgrip, you are right. In the RNS early April it was stated the these negotiations are underway: "Our attention is now firmly focussed on drawing the Pensacola farm-out process to a successful conclusion and we look forward to updating the market in due course."
Until then, there is little more to say.
We just need news on the deal and I agree with GGG, it should come quite soon.
Pl: thanks!
I think most here have had doubts about Delt from time to time, but it IS happening!! Exciting to be a shareholder and see real tangible action again!!
Eviking, ok ta. So legal market manipulation...ok for us Glen holders, I guess!?
GGG, yes you are of course right: the deal terms are really important. Hopefully, the CEO is negotiating with multiple parties and with confidence!(having just completed the Selene deal; with all planning work proceeding well including a rig contract; a solid Competent Person's Report in the bag for Pensacola).
GGG, I agree. Playing the waiting game could prove expensive, as once it moves, it may well move rapidly.
I am sticking to my 71p guess from 8 Feb after both funding deals have been completed😀
Psychologically, the second deal is worth relatively more than the first one, as it removes the huge uncertainty (and fear of a fundraise) around funding the 2 drills.
Eviking, are you able to explain how this works, in plain English for a dummy like me, please?
If "old" Russian aluminum is acceptable to LME, why move it out? Apart from the share of rent the traders take, who gets a benefit?
Clued, as far as I can work out, it's mainly individual investors' money.
Lots of Tories are big landlords, so I'm wondering how this will go down?
I'm not even sure how commercial contracts can be negated retrospectively like this; it's daylight robbery for those who paid for freeholds, expecting a return over time.
I hate the whole system, a nasty spillover from feudalism and unique to us in England, but really needs an orderly transition.
Viable, could you elaborate please??
What exactly are you not happy with?
Everything looks in good order to me: 2 x drills lined up this year; next farm up deal being negotiated; apart from Selene and Pensacola, more to come in terms of future prospects. Enough cash in the bank to operate the company for at 18 months.
Cash burn in line with expectations and more than enough cash in the bank to take us to well after the drills, subject to farm out deal being made. Fund raise now is not part of the plan. If they need cash going forward to fund the day to day ops, surely they will only do next year; at that time the sp will be very different and other monetisation events may likely take place.
If the 2 drills are not good, then it's pretty much game over anyway, guys and gals!! Very very unlikely in my view.
Boyscout trades/low volumes, doesn't mean much. Surely nothing to do with teh RNS; everything is on track as far as I can gather. As GGG has said a few times, there are investors happy to take 10% profit. That's fine, just not for me.
Normally a setting on your online platform. Just browse the settings and you should find. I normally only have it on for shares where I get small amounts, as most platforms don't charge you for the re-investment. For bigger amounts, I will always assess what to do with the cash. Anyway, that's just my own approach.
Djm, I want this to happen and it will happen...but if you want it to happen today, you need to start buying!!! :-)
Farm out news will fix this in an instant...TBC
Hi SW, many thanks sharing, always interesting to hear what people say,
I am not familiar with the source.
I suspect we will soon see lots of coverage and as GGG said, the "AIM lemmings" will pile (and for a good reason)