RE: Remember the time scale7 Aug 2021 11:39
Not sure about that. It does feel as if DS has ‘surfaced’ somewhat. My own view is that a deal has been done on at least MT but is possibly dependent on pricing up more of the estimated resources there, incl flanks.
What I don’t believe is going on is that there is a bidding war. I think that’s just wishful thinking. If that was the case then DS would be knee-deep in negotiations rather than surfing the Internet for numerous articles and information on the energy revolution we are witnessing take place right now.
Hopefully we will be rewarded soon for our patience - there are many who have been here for many, many years - but I’m personally not expecting crazy figures. Just think there are too many unknowns to calculate sales figures that would amount to a premium of several hundred % to the current sp. Even a divi of £1 would be a premium of 500% so imho I can’t see that happening.
GFD my own expectations are modest and conservative. In the realms of anything between 30 - 50p special divi, unless, unless there is an update on resources to JORC. If that happened who knows how high the sales figures could go. As I say, too many unknowns, so I prefer to expect less and hope to be pleasantly surprised with the outcome.
GLA