Dominion Pet Share Discussion Threads

[rayrac] 25/7/2011 17:35

Up for a bid? Perhaps that is what the BOD were in a panic over?

Otherwise it seems to be in for a very long wait before oil is found.

[oiht] 25/7/2011 14:33

Agree with you encarter, never seen so much nose cutting.

[encarter] 25/7/2011 14:00

JSBach123, I realise that. I was referring to all of the negativity regarding the deal. If the share price had doubled then there would be no complaining, so they are not complaining about the deal but its short term effect on the share price Which is only relevant when you buy or sell and not if you intend holding for a while.

[jsbach123] 25/7/2011 09:05

encarter I don't think drambui was referring to the share price as being low but the conduct of the BOD in driving ahead with resolutions even though they did not secure the supposedly necessary majority % approval from shareholders.

[drambui] 25/7/2011 09:04

Is this even legal? Fall massively short on a key vote so issue well over a hundred million more shares and even then still not be able to carry the day?
Unbelievable stuff and sums them and their dealings up rather nicely I think.
The regulators (does such a body really exist?) should surely be casting an eye over this?

[encarter] 25/7/2011 08:33

I don't know what the big deal is. Who cares what the share price is unless your a daytrader? You should invest in an exploration company because your hope that they will find oil and the more licenses they have the more chances they have. Sold up? Now is the time to be buying imho.

[holts] 25/7/2011 07:31

by hook or by crook we will get our own way

[drambui] 25/7/2011 07:20

A new low.. absolutely staggerring! Kick 'em out? All in my humble.

[helpermonkey] 23/7/2011 12:34

Some good posts here fellas - I've met Rob and had long chat with him at one of the investor events a while back. I certainly wouldn't demonize him, he's a very switched on guy who makes a lot of sense. Personally I've struggled to work out what to do here as I'm so far under water i could drill offshore for oil myself. I agree with the fund raising and the consolidation, i think the existing prospects are one of the best out there as far as juniors are concerned BUT as far as the Malta prospect goes, i really don't like the timing.

It wasn't a large holding but I've taken the loss and sold up Friday as to derisk what might happen in the short term. I will be back in at some point - if i have to pay more, so be it but I'll sit out the current turbulence.

GL to LTH and DPL, will be watching with interest how this pans out.

[drambui] 23/7/2011 10:24

Glad to see that pb, now let's hope these self serving plonkers get a BIG two fingered salute from shareholders next week!

[poo bear] 22/7/2011 07:35

I enjoyed that Drambui

[rockhopper989] 22/7/2011 00:49

The more licences they have the more chance they have can be true with the right team in place, farm in deals, financing and so on. DPL are far away from showing anything substantial in any of those areas (though some may argue the BOD are playing a good long-term game, something I don't necessarily disagree with).

AIM oilies can have quite a challenging time progressing their assets to drilling, and by picking up more licences DPL may be spreading themselves too thin, yet I must admit I quite like the look of the Malta licence. For some reason I get a better feeling about it than the promised land of Bloc 7.

As for the DPL FD saying people should sell their shares if they don't agree with what the company are doing, well, it's not really such a black and white decision in the wake of a huge share drop.

Anyway, there is still a lot of potential in the company, and hopefully the BOD will eventually test that potential with the drill bit.

There is just one more thing I wanted to add: People should always be cautious when coming across widespread optimism on message boards, something which was evident on the DPL iii board (and also something that can be very hard not to get caught up in). Such optimism may ultimately prove to be justified, and I believe much of it may be honest and well-intentioned, but until the drill bit provides the answer, there is no way to be sure, and in the meantime all sorts of things can happen to decimate the share price.

[luminoso] 21/7/2011 08:44

Thought that was Ronseal, myself.

[poo bear] 21/7/2011 07:19

Why dont you buy one share and vote no?

I don't hold having sold some months back, so will not comment on what I feel about this vote or what others should do, I suppose that speaks for itself?

I wonder that you are so principled, you really should hold shares and vote yourself rather than get others to fire your bullets for you.

Speaks of a mischief maker or someone with an axe to grind as I always suspected.

Go present your arguements to the converted on iii, where all true belivers and yes voters , (plus the CFO), reside apparently.

[drambui] 21/7/2011 01:07

Don't be afraid to vote 'NO' despite the silly rhetoric from these plonkers.. just look at what's gone on here and how they have tried to force it through linking it to the fund raising, says it all really! Don't be an AIM dormat and give these guys what they deserve.. the boot! All in my humble.

[bigb4lls] 20/7/2011 16:28

bermuda lol!!! see you all there then

[drambui] 19/7/2011 08:23

Is the share price indicating a likely NO vote? Hope so.

[77monty] 19/7/2011 07:17

I'm not so sure it would be that much more expensive in this case given that they have been phoning loads of shareholders ro get them to say yes.

[bones30] 18/7/2011 10:04

RI's cost the company quite a bit more than placings unfortunately. I guess that's because of the administration overhead involved.

[mrzippo] 18/7/2011 09:58

why didnt they go for a discounted rights issue at 3.5p? Then no-one has to suffer any dilution, they could place the stock not taken up and still get the cash. Maybe all those clever Corp Finance posters can tell me?

[drambui] 15/7/2011 11:03

Could think of plenty of other words apart from arrogant to describe these tw@ts. Vote no and then try and send them packing. All in my humble.

[darcon] 14/7/2011 20:17

JSBach123 - I agree with your posts. I have posted similar sentiments on the iii board.

Darcon