George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Just for info, updated presentation on their website released today. It's under "Investor Relations" then "Presentations"
Yeah Renndava, I also thought that was an interesting comment from GS. But it doesn't surprise me that Shell have a higher GCOS for Selene, as Deltic never seem to deliberately over exaggerate their assets, which I think shows them in a good light and in my view trustworthy. So I agree with you Dr P, what's not to like!
I also agree on this. Selene isn't yet a discovery so potentially more of a risk compared to Pensacola, so any deal for Selene would have to be pretty generous to the other party to persuade them to take the risk, plus funding for Selene is a touch more urgent than for Pensacola. So when it comes to an actual Discovery like Pensacola, I would expect Deltic should be able to strike an even better deal
With regards to our CEO, the latest presentation reads as follows...
'Graham joined Deltic as Chief Financial Officer in 2013 and became Chief
Executive in 2018. He previously worked in corporate finance and M&A,
specialising in advising mid and small-cap public companies. Before joining
Deltic, he was a Director in Corporate Finance at Ernst & Young. Previously, he
was a Director in Corporate Finance at Arbuthnot Securities where he gained
significant natural resources experience acting as nominated adviser and
broker. He qualified as a Chartered Accountant in Scotland working for BDO
and subsequently PwC.'
Seems a pretty decent CV as far as negotiating a good/sensible deal is concerned. Let's hope he can pull it off.
I will have 60p / 18p on the day.
Deltic are not exactly renowned for getting over excited and constantly making exaggerated claims with their statements, or rushing out RNS information for the sake of it. So for Deltic to state the following in today's RNS is very encouraging...
"Deltic continues to work on a number of potential options to both realise value and mitigate exposure to future drilling expenditure on both Pensacola and Selene and has received a significant level of interest. Deltic is continuing to engage with a number of different counterparties in relation to a range of potential transactions on both of these assets"
I obviously could be proved wrong, but going by today's announcement it really does seem that the chances of another placing are now looking much more unlikely.
Yep, agree with all that's been said. Whether your views are sceptical or always rose tinted like mine, we all want the same thing and for Deltic to be successful. Let's hope the good times are finally coming in 2024. Happy Christmas all :-)
My apologies cookoo, using the word "mug" really wasn't my finest hour. I haven't held these shares as long as you, but I have been in here for over 5 years which is still a long time. I think from what you have previously mentioned that you paid £2000 at about 95p, so you will be sitting on about a £1500 loss I guess. I have never mentioned my holding and would rather not say how much I am down, but it's a lot more than that. So I do get your frustrations, which must be exacerbated with your health issues, to which I do genuinely wish you all the best. If you really are totally convinced that these shares will fail then surely if makes no sense keeping them, which was the point I was clumsily trying to make. So I do tend to agree with Dr P's comment that I think that deep down you must believe Deltic can come good. Let's hope it does for you and all other shareholders.
i genuinely trust that deltic are working on getting the best deal that they can. i will possibly be accused of wearing rose tinted glasses but that's what i believe. if anyone thinks otherwise that's fine, but if you don't think deltic will get a monetisation deal then why continue to hold shares you think are going to go down in value. if you don't believe in deltic then sell up and move on. because what is the point in holding shares in a company you are constantly ******* off. if you think so little of deltic then cut your losses now before the share price is 0 pence and get some money back while you can. bored of all the negatively, if you think this share is doomed you must be a mug to keep your shares.
The wait for good news sure is very frustrating. All we can do is wait, trust the process, and keep our fingers crossed for a good monetisation deal with the resulting financial security that comes with it finally taking the shackles off of the shareprice. But yeah, it sure is frustrating every morning waiting in vain for that elusive red dot. I still believe it will happen, I just hope it happens soon. Tomorrow would be nice ;-)
Just had a look at that link, thanks Dr P. Hopefully some news regarding this soon, although I do agree that this will be more jam tomorrow, which would obviously be good, but yep, what we really need now is some positive monetisation news
Cookoo, Deltic has come on a very long way since it's Cluff Natural Resources era. We need to look at the situation today and focus forward... Two fantastic joint ventures with a serious player in Shell, with visable evidence that SHELL (not Mickey Mouse enterprises) is working towards taking them both into production! Think about that for a moment... That's simply incredible! If either joint venture is successful (and they both look good), then irrespective of how funding occurs (a placing not being the stated preferred method, but still a possibility), then ALL current shareholders will be quids in. It could go down further, but one day people will look back at the current share price with amazement!
I admit that I also wear rose tinted glasses when it comes to Deltic. I totally get your frustration Cookoo as 9 years is a long time and it sounds like your health is also suffering, so I am sorry to hear that and genuinely wish you all the very best. I have been in for 5 years and seen two share placings in that time. Those previous two placings, although very frustrating for shareholders, were necessary evils as without that funding the company simply couldn't have progressed with it's plans. So we know the company has a track record regarding placings to raise funds, so a suspicion that they may do it again is understandable and why the shareprice is suffering. But what we do know is that Deltic's preferred stated method to raise more funds is by some kind of monetisation deal with another company paying Deltic for a percentage of either Pensacola, Selene or maybe a bit of both? With the recent progress that has been made, both Pensacola and Selene now look to be very exciting prospects, so a monetisation deal looks promising. So as ever it's a gamble, as another placing is possible, but from where I sit I would much rather be in right now as a shareholder than sitting on the sidelines, because IF a good monetisation deal is done, and that certainly appears to be Deltic's preferred fund raising method, it could be announced at any time, at which point the shareprice can only go up!
Absolutely right getafgrip. This is such a ridiculous statement it actually made me laugh out loud. What next? Breaking news from Noel that the Moon is made of cheese lol. I think Mr hypocrite has completely lost the plot!
Noel, I could trawl back through your posts to see the last time anyone recommend something you posted, but I haven't got all night!
I love the way that Noel has trawled back through my posts to find this old quote from 14th August, especially as in the process he will have come across a more recent post from me on 5th September simply saying that... "I am confident there will be a 33rd Licencing Round THIS YEAR". So let's get this straight shall we Noel... You accused me of being selective about quoting you and you got the right hump and threw a complete hissy fit about it. But you have now literally just done exactly the same thing you criticised me for doing! So is it only you who is allowed to change their mind eh Noel, but no one else can? You couldn't make it up, lol. Congratulations Noel, you have shown yourself up to be a complete and utter hypocrite!
How many recommends do you get for your enlightening posts Noel? One at the very most on a very rare occasion (got that Noel). How many petitions have we ever seen to remove an abusive poster on this chat over the years? Only one, and that's about removing a constantly abusive self obsessed narcissistic poster called Noelshempsky (got that Noel). So take a hint, do us all a favour, and take your anti vax, conspiracy theory, antagonistic and vile thoughts elsewhere, as we do not want to hear it anymore (got that Noel).
Heads or Tails? Noel says Heads and Tails. Noel is always right! Congratulations Noel!
Noel, silly silly silly old me! Like you say, I obviously misunderstood and "misrepresent" you! I mean, how on earth could I have come to the conclusion that you said there would be NO new licences, when you said...
"There will be NO new licences. Just Stop Oil and Greenpeace have won"
Those were literally your exact words Noel, so get over it!!!
Lets face it, you are really really annoyed at yourself, because when the new licences are awarded, you wont be able to gloat about always being right! What bad luck :-)