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Hi... zac0_4 I don't disagree with any thing you have said and well done for your gains on LGEN and BP.
I think the point that Seaking1 was making and what I tried to make but not very successfully in my earlier post. Is that if this is a bear market with many indicators pointing to that,such as High inflation, interest rates going up, possibility of a recession indices tumbling.
A deal of caution should be exercised with our cash that is sat in our portfolios. Bear markets in the past have shown to have some wild swings . EG shooting up one day and dropping the next..... Holding cash in a P/F is a position in itself
Seaking1... Ive always been a big supporter of this share but to be fair i agree with you, we are in a bear market and this could drop another 15% Looking at the chart, next support is 2.35 then 2.28.
Everything is about what you paid for a share, if you were in this around the 2.85 /2.90 mark the dividends are not enough if it drops and doesn't recover . Conversely if you are buying in now or lower then its a much better bet. Have a plan and a mental stop loss is my view
Ha ha what a joke........... http://energyandgold.com/2020/09/12/bob-moriarty "the next two months could be catastrophic in american history " posted in 12/9/ 2020 and there wasn't any catastrophe and in fact right now the US dollar has never been higher! ........ Oh and your other link about low oil prices starting world war three That was posted in 2015.......... Oh and it didn't start world war three did. Just utter rubbish.... Get real
Yes i think you are right Gs but i saw this so may hang fire for a few days and watch it
03:57
(Adds details from court filing)
By Praveen Menon
SYDNEY, June 6 (Reuters) – Russian aluminium producer Rusal has filed a lawsuit against global miner Rio Tinto , seeking to win back access to its 20% share of the alumina produced at a jointly owned refiner in Queensland.
The lawsuit challenges Australia's response to Russia's invasion of Ukraine, which included wide-ranging sanctions against Russian firms and oligarchs who had links with President Vladimir Putin.
Rio stepped in to take sole control of Queensland Alumina Ltd (QAL) in April, sidelining Rusal and cutting its access to the refinery's output of alumina, a compound from which aluminium is derived. Rio owns 80% of the refinery, while Rusal owns the remaining 20%. ...
Rusal's Australian unit Alumina and Bauxite Company (ABC) said in a Australian Federal Court filing that the circumstances required for Rio to step-in to take control did not exist and amounted to a breach of obligations, according to the court documents reviewed by Reuters.
Rio's move at QAL came shortly after the world's biggest iron ore miner severed all ties with Russian businesses over Moscow's invasion of Ukraine. Russia calls its actions in Ukraine "a special operation".
Australia banned the export of alumina and aluminium ores, including bauxite, to Russia in March. ...
In the filings reviewed by Reuters, Rusal's subsidiary asks the federal court to restore its rights at QAL, and declare there would be no sanctions breach if its business continues there.
Rio declined to comment. Rusal, the world's second largest aluminium producer, could not be immediately reached for comment outside usual business hours.
Rusal was not directly targeted by Australian sanctions, but Rio's actions were triggered by sanctions on oligarchs Oleg Deripaska and Viktor Vekselberg, who own stakes worth 25.6% and 8% respectively in Rusal. ...
In 2018 Rusal was covered by U.S. sanctions against Russian businessmen and companies.
(Reporting by Praveen Menon and Renju Jose; Editing by Diane Craft and Kenneth Maxwell) ((renju.jose@thomsonreuters.com; +61 29171 7126;)
Yes more or less right this market maker adjusts the spread to try to control the volume. If too many people sell he widens the spread. This means when people do sell at that very low price he picks up the shares at a cheaper price When they buy he gets a bigger profit. The problem with this is tends to stop the volume altogether as nobody want to buy or sell. If a news event comes along or the M.maker wants to get the share moving again he will adjust the spread. Best thing is to do is to watch it or set automatic targets to buy and sell. Aim shares patience is needed!
Good timing on your buy in price Banburyboy . I can see this being a multi-bagger, probably sooner than later.
Well done to all the long-term holders on here who have been adding and building their positions whilst patiently waiting for this share to take off .
Bought in today with Shell and Capricorn as partners this looks very positive to me .
Deltic Energy tipped to rise 57% as Shell greenlights Pensacola well
Deltic Energy build partnership with Cairn by completing North Sea farm-out
https://www.proactiveinvestors.co.uk/LON:DELT/Deltic-Energy-PLC
https://www.delticenergy.com/about/profile
Deltic Energy PLC (AIM:DELT) said partner Shell PLC (LSE:SHEL, NYSE:SHEL) has indicated that the Pensacola well in the North Sea will be drilled towards the end of the third quarter of this year.
Analysis of site survey data has identified hard seabed conditions at the well location, which will influence Shell's rig selection and contracting process, the junior added.
Pensacola is a Zechstein reef prospect located to the northwest of the Breagh gas field in the Southern North Sea.
From other locations, Zechstein has been supplying gas from Poland to The Netherlands for years.
Deltic’s estimates for Pensacola put the prospect’s gross P50 prospective resources at around 309bn cubic feet of gas, which would make it one of the highest impact gas exploration targets in recent years.
Mark Lappin, chairman, said that Russia’s invasion of Ukraine had changed Europe's position on Russian gas “for the foreseeable future”, which bodes well for the company's prospects.
“We currently have acreage at each stage along our conveyor belt up to drilling and are preparing to drill our first exploration well at Pensacola with operator Shell within the coming months.
“Acreage farmed out to Shell and Capricorn Energy PLC (previously Cairn Energy PLC) is moving forward along this process to a similar conclusion and other acreage is being worked towards farm-out.”
Deltic farmed out 60% stakes in five licences in the Southern North Sea to Capricorn, which will be the operator and pay for all of the initial exploration costs.
Losses in the year to the end of December 2021 were £1.94mln, with net cash at the year-end of £10.1mln.