Member Info for Phoebus

Clarendon reduced again from 5.99% to 3.31%, so they're almost out. They bought in last November taking 6.44% informing the market at 16.25p, sold down to 5.99% at 8.25p and 3.31% at 8.75p. Either they are oblivious of Exxon's massive drilling plans for Canje which is transformational for WTE or they need the cash elsewhere. In either case it's great news for WTE investors that they're almost out.

https://uk.advfn.com/p.php?pid=nmona&article=83789931
https://uk.advfn.com/p.php?pid=nmona&article=85599253
https://uk.advfn.com/p.php?pid=nmona&article=85839675

Great top up price.

Looks about to blow on the chart and we have a major operational catalyst inbound to support it. GLA

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All Bolivian E&P licences are onshore. Anchois is offshore.

GP, you bought higher up despite a discounted placing being obvious. Now all we hear is your whinging day inday out. The market's not intereted in your average or your excellent judgement. Sit back and relax. Filtered.

Sorry Tim, but you've so overplayed your pessimistic hand it's laughable. Deltic were in a fantastic position even before this latest farmout with an excellent line up of catalysts, top partner and jurisdiction, high COS drill(s) targeting a lot of resources for the market cap and a healthy balance sheet. Now we have Cairn working on on several of our projects at no cost to us, maturing a pipeline of follow-up drills. Next up will be Shell green-lighting Selene which will push us much higher.

If sense you want in real bad, but you'll find it hard to build a big position given the low liquidity and excellent fundamentals. Full marks for trying to paint a negative picture though. Sadly I don't think DELT investors are that gullible.

I agree Harel. The major 12 well campaign news resets the medium term outlook here, so I fail to see why this can't get back to 20p into Sapote drilling. Way too cheap at these levels.

Asilad, it's always wise to consider all possibilities as you can always miss something. However, when the price grinds lower it's easy to try and look for negatives that are in all likelihood not there. The SP has no doubt been under pressure the last year or so from L selling into the spikes. Combine this with the lack of liquidity and the binary news events and we get the price chart we see before us.

Personally I think there is next to no chance of A&N walking at this stage. The program has barely started and much of the drilling we've done has gone over previous work to help understand the orientation of the ore body at Anza and get data in a MRE compliant way. We have only just started breaking new ground and the '59.55m @ 9.61g/t Au and 61.75m @ 2.05g/t Au' intercepts already received are epic. If H&N isn't interested in that, I'd be staggered.

Asilad, it's always wise to consider all possibilities as you can always miss something. However, when the price grinds lower it's easy to try and look for negatives that are in all likelihood not there. The SP has no doubt been under pressure the last year or so from L selling into the spikes. Combine this with the lack of liquidity and the binary news events and we get the price chart we see before us.

Personally I think there is next to no chance of A&N walking at this stage. The program has barely started and much of the drilling we've done has gone over previous work to help understand the orientation of the ore body at Anza and get data in a MRE compliant way. We have only just started breaking new ground and the '59.55m @ 9.61g/t Au and 61.75m @ 2.05g/t Au' intercepts already received are epic. If H&N isn't interested in that, I'd be staggered.

Looking good.

Probably absolutely loves TRP and wants to buy it's hind legs off. Staying in the bin though.

Probably absolutely loves TRP and wants to buy it's hind legs off. Staying in the bin though.

500K was a buy. Perhaps we should email Clarendon to make them aware of the intended 12 well drilling program on Canje.

500K was a buy. Perhaps we should email Clarendon to make them aware of the intended 12 well drilling program on Canje.

Agreed. I was so tempted to pile in at 8p, but the SP was dead so I wanted to wait for some signs of life. July 7 RNS blew the doors off and lit this up and I've been adding ever since. Well played on your early call. Your investment radar is clearly functioning very well.

It's often impossible to get a quote to buy. Good sign.

It feels like one of those 'you can never have enough' moments.

I agree 100% AG.

Those intercepts are amazing ... I meant rubbish.