Member Info for MajorThomas1

Added IRR to my gold holdings in my PF today.

I believe that Gold and Silver have a big rise ahead of them and found some comments from the CEO in the China mining club interview interesting. His comments that:

IRR are moblving towards being a pure gold play.

There is interest in our Lithium asset.

And, interest in our gold assets from major and mid tier miners.

I don't have a crystal ball but I think I have a good idea how this is going to play out.

GLA
MT1

Decided to double down here. Had hoped to get some more around 400 but with news of the AWS contract award today I can only see this going upwards now. So for me it was now or never.

"This is an initial deal to manage and migrate petabyte scale data across a number of locations."

"The deal is WANdisco's largest AWS Commercial Marketplace transaction to date"

"The customer is one of the top three largest mobile operators in the world by number of subscribers."

DR commented:
"It is great testament to the power of our technology that the largest mobile operators in the world have identified WANdisco as the only provider capable of migrating and managing live data sets at scale. This contract reflects our growing momentum with AWS and across the telecommunications sector, with businesses operating in this space typically having exceptionally large live data sets."

Initial contract with this company, more to come from them, from this sector and from AWS.

Something is brewing here. The chunky round number buys are a little strange.

SNS focused oil and gas exploration company.

An extensive portfolio containing some of the most prospective, large volume, gas propects on the UKCS.

Portfolio with potential gross resources upto 8.4 TCF with a gross, "best case" P50 resources upto 3.1 TCF.

Fully funded though a successful, institutionally backed fund raise for 2 Wells in next 2 years with upto a 70% geological chance of success.

Established working arrangement and joint venture with the worlds largest, listed, oil and gas company, Royal Dutch Shell.

Secondary CNS oil prospects with upto 80.5 million barrels of oil and gross P50 resources of 39.5 million barrels of oil.

Strong board of directors with proven success in UKCS licencing procurememt and proven comitment to protecting share holder value.

Non cash assets currently valued at almost zero.

Currently cash position of around £12m.

This all screams VALUE, VALUE, VALUE to me.

In my experience that translates to PROFIT, PROFIT, PROFIT.

DYOR

Mike, the 2 bids were nothing more than anopportunistic asset grab. Botg hoped that the board would sell out shareholders by going down a scheme of arrangement route to circumvent the obvious objection from IPGL.

No doubt the BOD would have been assured of thier continued involvement in the newcos future plans. The fact that they didn't sell us out IMO speaks volumes about the boards integrity and comitment to shareholder value.

IMO, RBD offered no more security to DELT shareholders. IOG obviously offered more security but would have vastly our exposure to the potential upside of DELTs assets and would have baked in LTHs losses for ever.

True, the market is currently valuing DELTs asetts at zero. But that's were I make my money. Identifying companies with assets that the market is undervaluing. Its the basis of successful investing.

True, if Shell walk away the SP will tank. However far from be in despair I will buy more safe in the knowledge that I would then be even more confident of a profit. Strangely if DELTs SP halved from todays value, it would be exactly twice as attractive to me than when I first invested.

Will we see another chance to top up at 400?

The money was always going to need to raised. Shell will not commit to a wellnunless they know we can fulfil our costs.

With hindsight you timed it wrong. Interesting question. If you hadn't bought previously would you have been willing to buy now.

Quality producers like POLY are only going one way when this Bull market set off properly.

90p looks pretty solid reckon it might be time to double down on HZD. I only see this going one way from here.

Some nice chunky buys went throug today. I think this may get interesting between now and Christmass. I think it might be time to double down.

Mike. I feel for you I really do. I couldn't put myself through it.

I heard the same stuff 2 years ago on OMI. Held topsiced at a five bag got a free carry now. Never let the negativity on that board effect me won't let your negativity effect me here.

I do my research, make decisions based on that and stick by it. Unless something fundamentally changes. Stood me in good stead so far.

You still have met answered. What made you in invest in the first place? Don't need to if you don't want too. Just interested what has changed since you made your decision other than time.

Exciting plans. Means a lot coming from someone like JW. He's not the type to hype up prospects without foundation.

If he say we have exciting plans, I am excited. Just hope the market can get excited about INFA too.

Draft. I am happy to hold for 2 years. That was my plan when I invested and will hold unless there is a crazy spike. I'm looking for a 500% return here.

Draft, I honestly believe that in 2 years time you will be glad you didn't.

Not actually my words, although I do fully agree with them. Those werr the words of Bob Dudley from the speech, from this time last year, linked below.

Gas with CCSU and in particular gas producing blue hydrogen has a big part to play in our energy transition through to 2050.

https://www.bp.com/en/global/corporate/news-and-insights/speeches/gas-in-a-net-zero-energy-system.html

Mike, some folks are saying that a role for gas conflicts with the world’s climate ambitions. But this is a misconception. Worse than that, it’s misleading. Gas has a vital role to play in the energy transition. And not just in the transition, but in the destination – the net-zero economy we must achieve in the decades ahead.

Mike, I am really starting to question the fact that you still hold any DELT shares at all.

I cannot understand how anyone can hold a share in a company that they feel so negatively against.

Answer me this please.

What was your motivation to purchase a share in DELT / CLNR?

What NPV valuation you working with gator?

I wasn't expecting these results today. Only 12 days ago the company said:

"The Company announces that there will be a delay in the publication of the Company's audited financial results for the year ended 31 March 2020 ("Annual Report")."

And

"Accordingly, the Company has requested and received an extension to its filing deadline for its Annual Report from 30 September 2020 to 31 December 2020."

Does that seem strange? Or is it just that it didn't take as long as expected to prepare them?

I don't think there is any manipulation going on. There is no reason for anyone to manipulate the SP. What benefit would they get from that.