Member Info for DrPatience

"Blow to Rishi Sunak as offshore wind auction appears to have zero bidders"

https://www.theguardian.com/business/2023/sep/07/suank-offshore-wind-auction-bidders-government-energy-bills?CMP=Share_iOSApp_Other

Not sure how on earth they thought they could get away with this price level!

I suspect this will be adjusted later on to allow such projects to be viable. However, the timing is probably helpful in the context of the 33rd licencing round. If they (politicians) had ever toyed with the idea of not announcing the new licences, this new situation would clearly put them in a very difficult spot ( the Tories then would become the anti-energy party?!)

"...offshore wind developers are facing soaring construction costs, owing to rising inflation and higher borrowing costs."

Offshore wind expecting to lose out in auction for UK financial help

https://www.theguardian.com/business/2023/sep/07/offshore-wind-expecting-to-lose-out-in-auction-for-uk-financial-help?CMP=Share_iOSApp_Other

SE18, yes Noel is still on filter and I have no energy to unfilter and read his stuff to be frank. Pls do let me know if he changes his ways though.

Anyway, I agree with you. We will have licences announced, I cannot see that not happening. It still sits just fine within national interests and the broader energy transition. Also, let's not forget that project finance of renewables is under immense pressure due to the rising interest rates. Just look at Orsted's US projects. Shifting the UK gas boilers to heat pumps and upgrade of the national electricity grid will take decades! Hydrogen for home use is a non starter despite what the (uninformed) politicians are saying.

Good for Delt (long term) if they get more licences, but will not do much short term for the sp. It may trade randomly (+/-) on sentiments until we have real news. The gas demand is there and in the bigger scheme the 33rd round and the other NS projects are a drop in the ocean from a production level perspective . But very big for Delt and us as shareholders: IF they can get their **** together.

Hi SE18, which public consultation are you talking about? If you are referring to the "Consultation on the Appropriate Assessments (AA) of Blocks applied for in the 33rd Seaward Licensing Round", I actually made a post on this a few days ago, but it probably drowned in the many other messages. I am repeating below just in case.

If you look at the 32nd round, the exact same process was applied to a subset of the blocks. In the worst case the individual areas could be excluded (unlikely though) or public servants will just adjust the reports but not change the conclusions or - most likely - it will just sail through with a box ticked (they have done their homework, as in the previous round). Again, this is not a general consultation on whether the round should go ahead; it is around specific issues such as impact on wildlife or plants from drilling activity, subsea pipes etc.

Repeat from 31 Aug 2023 17:38:

"Just drilled a bit further into the public consultation topic raised by various people. These are the documents published on 31 July https://www.gov.uk/government/consultations/33rd-seaward-licensing-round-appropriate-assessment

It is actually very narrow and not about whether the licencing generally should go ahead, but about the impact on wildlife etc and how risks can be mitigated.

The conclusions are fairly clear (from the third report listed, page 110):

"Taking account of the evidence and assessment presented above, it has been determined that the licensing of the 91 Blocks through the 33rd Licensing Round considered in this AA, will not have an adverse effect on the integrity of the relevant sites (identified in Section 1.3), and the Department have no objection to the NSTA awarding seaward licences (subject to meeting application requirements) covering those areas listed in Section 1.2."

I cannot see this being a show stopper, although I am sure the usual suspects will make objections...

In summary, if the licencing round is cancelled, it will not be because of this.

The deadline for comments on these reports is mid September, so presumably nothing will happen until then."

I agree! Another day of no news, but someone selling (randomly). Waiting for cash to come in, will add if still this low!!

Yes, indeed. Bottom drawer stuff or adding for me until we have updates or news. Current trading is semi ramdom; we really need something work with. I am sure they haven't forgotten - but new CEO is only 4 weeks into the job.

Most days the trade is so thin that it effectively counts as NIL. I gather most prople just hold, so the pool for buying and selling in minuscule.

Trek, thanks for sharing, it makes perfect to combine/incorporate AI within Immunoinsights! Perhaps no surprise the new CEO bring that experience with him!

The (lung cancer) testing business is getting slightly crowded, so I presume it was not such a bad idea that it was sold off, so ONC can focus on the more unique, high margin Immunoinsights business?!

A few people selling today; appears random as things have stabilised with a decent amount of cash in the bank and we can look forward to the future with hope.

"John Wood Group and Harbour Energy announced they have agreed on a new strategic partnership in the UK North Sea. The two companies have signed a master services agreement and associated contracts valued at around USD330 million. Under the deal, Wood will provide engineering, procurement and construction services, and operations and maintenance services for some of Harbour's offshore assets. The partnership will initially run for a five year period, with five one-year extension options."

Still pockets of activity in the North Sea, which is slways good to see. Let's see what's next for Delt. Minimum another couple of weeks until we may hear news re the 33rd licencing round. Regardless, it will not do anything for the share price in the short term in my view.

We really need news on monetisation. When (if) it comes, it will come out of the blue or you will see insider trading leading up to the RNS. To be seen.

LOL LOL LOL!!!

Not noticed anybody with Tourettes, BUT we do have an unwanted narcissist!

From the Mayo Clinic:

"Narcissistic personality disorder is a mental health condition in which people have an unreasonably high sense of their own importance. They need and seek too much attention and want people to admire them. People with this disorder may lack the ability to understand or care about the feelings of others. But behind this mask of extreme confidence, they are not sure of their self-worth and are easily upset by the slightest criticism.

A narcissistic personality disorder causes problems in many areas of life, such as relationships, work, school or financial matters. People with narcissistic personality disorder may be generally unhappy and disappointed when they're not given the special favors or admiration that they believe they deserve. They may find their relationships troubled and unfulfilling, and other people may not enjoy being around them.

Treatment for narcissistic personality disorder centers around talk therapy, also called psychotherapy.

Narcissistic personality disorder affects more males than females, and it often begins in the teens or early adulthood. Some children may show traits of narcissism, but this is often typical for their age and doesn't mean they'll go on to develop narcissistic personality disorder."

To the narcissist: You are not admired; you are unwanted here. Just stop posting here. Importantly, seek help!

Noella, I guess at some point you will realise that no-one is interested in your posts. Based on replies to your posts, you are continuing wih your spam. You are not interesting. You are not adding anything. You are a nuisance hiding behind your avatar. You are probably ill. Bullied at school, perhaps?

It's like a bad curry in Brick Lane: not to be indulged in and if you do, to be dumped promptly! Flush, twice.

THT, fair point re licences.

At the moment, even just Selene and Pensacola coming good would bump this up significantly. In fact, most of the brokers only used these 2 for their valuations.

I am still leaning towards having as many licences developed as possible even if that means using monetisation funds (or money from fund raises). Why?

1) having more licences on the go just increases the probability of overall success; making the outcome less binary.

2) investing in more licence developments inevitably raises the exit value; the more you de-risk, the better. I appreciate that makes it a longer game.

I appreciate it's very subjective. Either way, it's worth the wait.

Let me guess: Noella now says this will collapse together with the world? (All because of Sunak, his masters and the green lobby). Makes you wonder why she is wasting her time on making comments!!!

Trying to break the forever chain fuelled by our very own Russian troll (Noella); so changing header!

Just drilled a bit further into the public consultation topic raised by various people. These are the documents published on 31 July https://www.gov.uk/government/consultations/33rd-seaward-licensing-round-appropriate-assessment

It is actually very narrow and not about whether the licencing generally should go ahead, but about the impact on wildlife etc and how risks can be mitigated.

The conclusions are fairly clear (from the third report listed, page 110):

"Taking account of the evidence and assessment presented above, it has been determined that the licensing of the 91 Blocks through the 33rd Licensing Round considered in this AA, will not have an adverse effect on the integrity of the relevant sites (identified in Section 1.3), and the Department have no objection to the NSTA awarding seaward licences (subject to meeting application requirements) covering those areas listed in Section 1.2."

I cannot see this being a show stopper, although I am sure the usual suspects will make objections...

In summary, if the licencing round is cancelled, it will not be because of this.

The deadline for comments on these reports is mid September, so presumably nothing will happen until then.

Nice R00st3R...I have done the same recently. It's kind of stuck, try putting in a £5-10k order and see how the price jumps. In reality most ltsh are holding on to what they have, I think. Small chunks can be picked up though at the current price.

Simple story: either they don't make it (no upturn in biz and will run out of cash in a couple of years) or business picks up and it will be worth a great deal more than current sp. Good risk/reward profile in my books, but time will tell.

Indeed, not rocket science. The legal cases will have been known by most large investors already, so not big news.. Seems kind of weird though to sue the company you effectively own. Going after past directors is a different story, perhaps fair and reasonable. TBC.

Getafgrip, I actually thought Noella had gone away now that her paymaster (Prigozhin) has had his "unexpected" demise.

I am expecting dozens of green boxes later today whenever she tumbles out of bed. Hard life. Lol.

On a more serious note: Hopefully, we will have some Delt news to work with soon, Noella is getting far too much attention, when in reality most people just want her to go away.

All valid points, wiseoil!

In addition, the real trigger short term is when we have proper evidence of inflation falling further in US, in particular, hopefully also driving down the silly high value of the USD. China will sort themselves out eventually.

Medium/longer term we will get back to the commodities super cycle driven by underinvestment in mining and the energy transition...and GLEN will do well.

If GLEN can dealmake/split out coal in separate listing, even better.

Just my take, but I am very positive.

Razzledaz, I am not a great believer of charts, BUT...

- Barc's NAV is unnaturally high vs sp; 75-80% of NAV is what it really should be in my view.

- Barc sp is also unnaturally low vs US peers on most measures I can think of, although I appreciate the business is split between US and UK, with UK being very unloved these days. Listing in US is the way forward, I really do not know what on earth they are waiting for. No brainer. Everybody should be writing to the investor relations until they act. I will for sure.

Barc is it's own worst enemy - if they could just stop having idiotic scandals for a wee bit!! (yet still reward themselves...)

Hence my view I should hold on to this until above 200p minimum.

Getafgrip, hear hear!

Delt shares are of course not with without risk, but the risk/reward profile suits me as part of a diversified portfolio.

It's been a long journey to this point, so I fully understand some shareholders' fatigue and frustration. However, things are really being lined up nicely, with a good potential for serious upside. We really do need to see some tangible deal-making, ideally this year.

Getafgrip, I only have one guy on filter (plus no energy to remove and read)...let me guess you refer to our resident russian agent Noelsky/ conspiracy spreader, talking about his wealth (always being right of course so can only gain) , talking the shares down with political drivel. He has mental issues or it's just a big act to suit his trading situation or perhaps his pay masters. He may have sold his shares and want the sp down to get back in. He has done this several times. His friend poopdog disappeared, but maybe that was his split personality? So watch whatever they guy is saying. Warning to all!

I really wish he would go somewhere else and make a nuisance of himself!!! Even the many green boxes is an irritation.