Member Info for fairdealer20

Like most markets it is supposed to work on supply and demand. The fly in the ointment is often Market Makers (MM's) who would probably be better called Market Manipulators. I suspect there is a pecking order for Buyers and Sellers. MM's will give greater influence to those with clout.
AIMO of course

Tim you are sitting on almost a 50% profit, your recent posts display not only a lack of confidence which counters any reason to remain invested, but also are tinged with a level of uncertainty which is only to suit a specific agenda.

Have you considered stocks which suit your high expectations?

Oilriches correct. Now Cairn is on board, does provide more certainty. Relying on 1 partner (Shell) is always risky.

If and when Shell complete the drill and importantly we know how good the results, then a fund raise is a certainty, but not until Q3/4 2022.

According to company accounts there was at 31st December 2020, £11.9m cash. Cash burn pa is £1.6m. We should have over £10m cash at the end of current year.
Clueless can you qualify what drilling costs are for the Southern NS?

Hope not. JOG seems to have many problems. The departure of it's Senior partner, Equinor was a signal that all was not as it seemed. There is a lot of talk, raising of new funds ( which has diluted LTH), the need to find a partner who is prepared to put in up to £1billion to develop/rejuvenate an old field, Directors who have increased their remuneration hugely and the SP is lower now than 3 years ago.

Can anyone see timelines that are in place. i.e dates when Cairn must decide whether to drill or drop?
Otherwise good to see Deltic are happy to pass Operatorship to a competent partner unlike other minnows in the UKCS.

Accepting WHI valuations, we are trading at a 60%discount....ludicrous.

Not completely sure why the special dividend is being proposed, except it will be subject to tax at source which presumably will be retained for a short period. Thats my thinking.

In the earlier statement, all parties including Fortress, have agreed to the revised date.

Even though the BOD have agreed to recommend the Fortress offer, they are duty bound to consider any further offers. Remember Shareholder Approval is still required whatever the outcome.

In this age of electronic transfers. Someone is telling porkies.
Most here with II recieved into their accounts last Friday.

Quite right Sadanby, also Lincolnshire and Hampshire, some of the grain growing areas of the Country. Afraid our battery-man knows about as much about malting barleys as a Eunuck in a brothel. His opinion should give his game away!!!

Agree with hasiba, remuneration should be linked to SP performance. Majid claims £700K pa, is that enough??
Saying sell is usually the last resort answer, so best ignored.

SHAPERITE, my posts of many months ago advocated following the JV with Carlsberg, the company needed to re-invent itself. Pub have been closing for 20 years and more. The only way to move forwards is to innovate and not be afraid of risk and change, and you consider that negative? This is a company, like most with shareholders, who want to see growth and not stagnation. Marstons have got to establish a New business model, or is that Negative?
You can enjoy your pint of grog, the company producing and marketing must create added value otherwise be overwhelmed with debt.
You seem to agree RF has outlived his tenure, something some of us believe should have happened many moons ago. His legacy has to be managed. The Old guard may be going, regrettably the company is not importing fresh thinking.
LTH's want to see steady consistent growth that eliminates the debt pile and not short=termism that suits casino players (Traders). Which group do you support?

SHAPERITE, pray tell what the Board saw coming? Ralph's departure or Brain's chairman resigning following the deal with Marstons.
Innovation is required for sure. The sales update is eagerly awaited.

Tony most know the risks, if not they should not be investing in shares. Your comment regarding household budgets is wrongly adressed. Suggest you check the poster who made that remark. Remarks on stupidity are not something expected from an experienced investor. If you do'nt know and accept the risks , then PI's should not invest.
The provision of resolutions 3 7 4 are well known throughout PLC protocols, however what we not assured to be offered, fairly, an opportunity to apply in the future.

Passing of Resolutions 3 & 4 give the BOD the ability to create and issue up to a 1/3 more shares. This resolution expires at the next AGM but SH's can be sure it will be represented year on year.
BOTS your fears are well founded.

Dullard Marstons are not a Private Company, but a Public Listed Company who are required to keep the market informed of any important developments, i.e. Takeover approaches. Look at Morrisons where the BOD accepted an offer which was/is subsequently trumped by other interested parties. As Musk's side kick you know little about the protocols under which PLC's must operate. Directors can be culpable of maladminsistration and potentially be removed, if shareholders are treated as mushrooms.

What rubbish, Directors are obliged to keep Shareholders, who select them, informed of any Approach. Only a numbskull would claim otherwise.

The Company lacks charisma in it's Execs. Accountants tend to live in a different World too ordinary mortals.
Apart from waiting on Shell, it is difficult to know the vision our BOD have without RDS.
How many outside of here, would know what Deltic Energy does? At least with the name Cluff we were known.

Do wonder what if anything Michael Spencer, is doing behind the scenes, his investment is going nowhere.