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If or when RBD buy DELT, DELT would still exist, it would just be owned by someone else. There need be no change in the operator status. No doubt there would be some right-sizing of the DELT team for the tasks ahead, but they would need to retain the core skills needed to maintain OGA consent. RBD’s model (like it or not) is to invest in prospects and management teams that they like, not to strip out the assets to manage them themselves. GLA

Or buy Deltic shares and hope they turn into RBD ones!

It's a long-standing issue with Halifax who have wrongly categorised RBD as an investment fund (a PRIIP) and they won't allow trading unless the company provides fund "product Information". If you want the shares, you will have to find another broker to buy them as this will be quicker than trying to move the boneheads. GLA

but I guess it must be time enough for this first post on the new MMM. Anyone out there watching it too? GLA

Hi Brox. As with all prospectuses, it is a liability document first and foremost and a marketing document only second. From what I can see and understand, this is a very well thought through project, meaning that the whole exercise is being managed several steps ahead of what is immediately visible. I expect there to be regular news flow and I reckon they are well advanced with funding discussions. The amount needed is not actually that huge in relation to the value at stake. The price will take a day or two to eliminate the arbitrage with ASX but I reckon the sooner you get comfortable, the happier you will be in the end. GLA

Should be fun here..... GLA

I was struggling to understand why grewber was down on buying Reabold when s/he had previously said that it was undervalued. Then I realised that s/he must mean that a strategic would not buy the whole company until EWT proves commerciality. That seems likely to be true. In the meantime, those of us who are interested in Reabold shares rather than buying the whole company can do so knowing that a significant re-rate will happen as soon as commerciality is confirmed beyond doubt. It's no longer exploration! GLA

You can't make an omelette without breaking eggs. Unfortunately for LK, Columbus never got into a position to get hold of any eggs (cash). Together with BPC the multi-bag hope is still alive. Those who want steady Trinidad production can always switch to TRIN or TXP. GLA

History suggests that sellers emerge at every new level. If they can hold their water for once, then we can all move forward together and spread will tighten. GLA

I am not a holder but I listened to the presentation last night as I waited for TXP. There was a lot of information , but I think it came across well. If/when they re-instate the dividend for future years, then the share should re-rate back to the pre-Covid levels and it is then well positioned for any copper price recovery. I won't be investing as Kazakhstan is outside my scope, but it should be a good dividend payer in future with short term re-rate potential on top. It's a little bit dull as a business, so I hope management can resist the temptation to try to add another asset! GLA.

MickyBee: 11 weeks of solo vigil, maybe more and you missed the big day!! Only joking.... There is progress and we have the 18 June to look forward to for readmission. GLA

there must be a buyer in the mix somewhere...... GLA

Previous equity fund-raising was at 4p, now these conversions are at 5p per share. Not many, if any, holders motivated to sell at current prices. Good to see it on the move a little. GLA

It's annoying, but I still feel patience will pay. Has anyone tried to speak to Mirabaud about resolving the overhang?

Early doors yet, but value is certainly there. GLA

The departure of a big name from the licence may not seem like good news, but VLU is not a cash-strapped oiler with no place to go. It will all depend on the shape of the exit deal. If we end up with 100% of the asset and all the data, then VLU’s asset base will be significantly enhanced. And if there is some form of dowry in the form of cash for funding commitments already made, then that would be the icing. I imagine Equinor’s decision is more about Turkey political risk management than a comment on the quality of the asset. GLA

There looks to be a decent sized buyer around so if sellers could just keep their fingers off the button the price might rise..... GLA

This stock has been beaten up in Canada on Turkey fears and is now ridiculously cheap. Results out today and the numbers and associated commentary should give confidence. Valeura is a profitable producer with C$50m+ in the bank and a 10tcf gas resource to go after. GLA

Rathlin will continue to be the designated operator and will continue to be a separate company to Reabold. 75% (of Rathlin) x 66.7% (of the licence) = 50% and I think we will see RBD stay just below that net ownership level so as to maintain designation as an investment company for AIM purposes. Looks good to me. GLA

Hopefully, they will now quietly drop the Ditau sideshow and get on with the main task that they raised the money for in the Kalahari Suture Zone. GLA.