Member Info for GreenWolf

I was expecting a red dot this morning given the chat on here yesterday evening......:-))))

I suspect Lombard are selling down to limit their own exposure and potentially ease any offer from IOG. It's clearly pressing down on our share price. It's obviously them as there are some nice round numbers in the sell quantities.

Realistically they can't sit on both sides of the fence and have a much bigger holding in IOG (c25% of a £67m MCap company) so their selling here makes sense and tends to point to an offer being made by IOG.

But...we're all just speculating unless somebody actually knows....I'd be surprised if you could do due diligence and put an appropriate offer together in just one or two weeks (I'm assuming they were talking early last week given the share price action).

...this afternoon. GLA

Nation - Spreadex have been in Edenville since 2010.

There was an interesting article in the Telegraph on Saturday about Apple looking for London studio space.
If I recall there's a great studio in Holborn which comes free with studio space in Leeds, Manchester and 12 other countries.....yours for £8billion.

Just need Apple to buy us out....:-))

esquimo - that's my understanding too - 2019 full year due by end September 2020. GW

draft - nobody knows either way at the moment. I made the point this morning that I don't think even the market can decide - look at the spread this afternoon. MMs clearly got caught out on Friday afternoon even though the price action over the preceding week was a bit "leaky". They're trying to pull this back into some order, which they seem to have done to some extent.

IOG want Deltic - but what are they prepared to pay.

Deltic as a company simply want the best price - better to blow their own trumpet through news releases and see who else might come calling. More than one interested party at the table normally makes things interesting.....

We're all just speculating at the moment - there's clearly not even a whiff of an offer on the table yet, because we know it would have leaked. GLA

GP - good post. Personally I'm not convinced the market knows the value, hence the muted share price. If you want to be in it, it's just hold and see what unfolds. GLA

Hmmm, you don't punt £70k. GLA

Peak - agree, but, like I said on Friday, our value to IOG is only what they are prepared to pay for us. I'm with a few others on here - 1 for 4 share offer, valuing us c3.5p. GLA

MajorT - I think that's a reasonable view on valuation and not too dissimilar to how I've viewed it, but it could get interesting if others are drawn into the mix. We've had two approaches now in less than two months. Who else might have us on their radar? What say might Shell have in this? WWTBOOTOTW....:-))

As with all these things, the value is all about what someone is prepared to pay for it. Reabold's offer actually raised Deltic back onto my radar - I'd researched Cluff in the past but never bought in.

The recent Q3 Corporate Presentation on the website is very informative - skip to page 12 if you're just interested in Deltic's valuation of the assets.

Yes, 65p is a bit of a sticking point for us, although it looks from as though our first resistance point is somewhere around 65.5p, so I think that may be the magic figure we need to close above today.
But...shorts have all closed. That tells its own story to me, BWTFDIK.
GLA

Pidster - I don't wholly disagree, but AM needs to manage the news flow quite carefully over the next three weeks. We have 2019 annual results due, which won't look good financially but we have the update on mining ops since we recommenced operations in August and handed over to ILTL. As he said on his podcast, market confidence will be driven by numbers.
Both of us have said before that AIM's like a casino. Rumours and news can create some huge volatility.
The key for me is the floor of our share price is slowly creeping up - AM needs to keep that progress going. GLA

Dave - let me know what your tipple us - because I'll start drinking it. Made me smile that. GW

Tom - how come you never post on the boards of your other shares? Just interested BTW.

Shorts closing is a key signal for me. Nothing showing on the FCA tracker now. GLA

positive - I'm not convinced you're going to get your 20p though.

Who's paying you Tom??!!

Nobody has really called this right over the last ten years. We went from prospector to RCPP hopes, MoUs with Sinohydro, to a mine losing money to one where we have now outsourced the donkey work and plan to move forward in terms of profit.

It was interesting looking back at some of the 2018 posts at a time when one or two were puling together their shares to oust the BoD. I admit I was squarely sat on the fence on that one - in hindsight, they had a very valid point. We have made more progress under AM in terms of remaining a going concern than we ever looked like doing before.

There are LTHs 90% plus down that haven't traded, reduced their average etc or, in fairness, simply haven't been lucky enough to have the funds to average down. Aerial - you and I have both been fortunate to have funds to lower our average and I suspect some piled in quite hard at the 0.02 and 0.03 areas like I did and have also traded some of our spikes - others may well have not been in a position to do so. I suspect there are still plenty who need 500%+ from here.

But, the past is the past - we are now in a potentially game changing position and if the figures stack up, we will be in a much better place share price wise with a robust, money making enterprise.

It is all looking way better - I just want the cherry on the top of the cake in terms of how much profit we're making. We're an operating company - AM knows it's all about the figures.

Like I said yesterday - I'll take 2p here - I'll retire and just about every other LTH will get their money back. GLA