Member Info for Spondy

Thanks Jim. I understand what your saying but it's strange, to me, that it should end up on the books as a loss.

Regarding the divi. RNS today - Second Quarter Dividend Announcement
Diversified Energy Company PLC (LSE:DEC) is pleased to announce that the Board has declared an interim dividend of 4.25 cents per share in respect of 2Q22 for the six month period ended 30 June 2022, consistent with 1Q22 and a 6% increase over 2Q21 (4.00 cents).

From todays results;
Net Loss of $935 million which includes $1.2 billion (pre-tax) of non-cash hedge valuation losses.

It doesn't look good be the share price doesn't seem to be bothered.
Could someone explain in laymans terms how to lose $1.2bn in non-cash hedge valuation losses?
Is it an expensive mistake or a part of the business model which hedges future production?
Is it likely to be repeated?

Trek, could you check something for me? In your post of Thu 14:20 it says "Interactive investor advised me there is no withholding tax for ISA. No need to fill forms. I will of course check when get divi."

Were you holding DEC for the divi paid at the end of June? If so could you check the pence per share that you received as a divi payment in your ISA.

RNS 13/06/22
The Company announces that Shareholders who have elected to receive their dividends in GBP sterling will receive an equivalent payment of 3.43 pence per share

My pps for the divi is 2.91. Not with interactive investor but held in an ISA, W8-BEN completed and witholding tax at 15%.

From the Proactive Investors article;
"No details of the consideration for Conserv or its financial performance were released."

Why would they not include the consideration in the RNS? Was it previously announced? Has anyone seen it?

https://www.dividenddata.co.uk/ex-dividend-date-search.py?searchTerm=DEC

Thanks Dip. I read that as fully funded by bank loans until production and from cash flow afterwards, and from that there will be not shares issued for a cash raise and therefore no dilution.

In my opinion this reinforces the investment case. It's like watching the sun rise over the horizon. You know what going to happen and can enjoy watching it.

I hadn't seen this post before posting on similar theme. I'm not the only one with concern then. Mine are about being diluted.

I had it in my head a few months ago that GGP was fully funded to Havieron production by the 14.5p share issue. After production starts the cash flow would maintain the business. Therefore no need for further fundraising.

In part 1 of Shaun's GGP-Help interview talking about the 18 month transition period he says "But at the end of this transition period, I want to remove these uncertainty events and I want to be fully funded".

Will GGP need to do another cash raise and dilution before production?

Is anyone holding or trading Perseus Mining? Can this 0TXW ticker be bought and sold in the UK? Is your broker able to trade shares on the Australian stock exchange?