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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Sdx Energy Plc | SDX | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.45 | 08:00:26 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.45 | 0.45 | 0.45 | 0.45 | 0.45 |
| Industry Sector |
|---|
| OIL & GAS PRODUCERS |
| Top Posts |
|---|
Posted at 19/12/2024 19:30 by neo26 Sdx has a massive gas pipe in morocco, no one else does. To make new one it will cost lots of money and plentybof red tape. They can sell this. |
Posted at 19/12/2024 13:12 by neo26 Sdx business model is flawed. Gould claims he specialises in breaking companies and selling them. They will owe aleph around 5m have 4m cash and im sure they can sell sd for 3-4m. Pipeline another 4m or so.. |
Posted at 19/12/2024 09:12 by roman2325 So if I understand you correctly Winnet you want the shareholders to vote against this - so SDX continue as usual. Then they sell SD for something way in excess of £8m, pay back Aleph and the creditors and then 'the balance is returned to shareholders' i.e. SDX is actually an investment trust.Is that correct? |
Posted at 18/12/2024 14:04 by roman2325 Neo: they are getting paid 20%, thats a fortuneThey have no interest in SDX at all, they just want to make sure they keep getting paid. And the longer the holders squabble over the future, the longer they can charge 20% |
Posted at 11/12/2024 16:42 by roman2325 You're right Ned - you're never seeing 0.6p againAny party interested in investing, and I can count them on 1 hand, will not want private investors onboard. To be clear: SDX has been looking for investment for 3 years, it never found it. And it is in a far worse state today than it was then. The only investors left are private energy companies, who want access to the final product. And today SDX produces very little. So again, the vast majority will dismiss it because the due diligence is just not worth their time. I am highly sceptical that they have found investment, but I suspect Aleph has found an off-taker. Who is aware the state SDX is in, and has agreed to advance a sum against future delivery....at a massive discount. Everyone was crowing for Citic 6 months ago, where are they now.....? If you're a PI, take the loss and sell out whilst the bid is still there. You will never see a better price than that today |
Posted at 10/12/2024 09:59 by roman2325 Ned: they are calling the shots now, they have security over the assets. They know they have SDX over a barrel, they know SDX have absolutely no chance of paying them back....it is delusional to think they wont have a plan in place for when SDX fail to pay them back (again).They are investors, not explorers. They have zero interest in running an E&P business, they want to get it off their hands, and turn a profit. And if you work in the business, which is sounds like very few on here do, you will know there are only a few options available to them. All the major shareholders will know what is going on, they will all have been consulted first. Just look at the facts and forget what you want to happen - I have been calling this for 12 odd months lol |
Posted at 07/12/2024 10:20 by hsfinch Rumours sugges that AP of Chariot was looking to takeover sdx. Duncan Worthless and his team of water diviners would run the Morocco gas business. Could this going private malarkey be an enabler for that? |
Posted at 30/9/2024 13:54 by winnet Roman,I don't know whats going on in the SD negotiations [just like you don't], but I do know when the cap was 7 million GBP they stated that it would require shareholder approval as the figure was more than 75% of cap. The read-across was it was going to be in excess of 6 million USD. I guess, and its only a guess, that as the share price has cratered, the buyers have been turning the screw on the number and SDX have been "messed about". Hence SDX has not completed the deal as I guess, again, it's only a guess, the number is too low and they don't need to sell yet, given they are a going concern... So this has nothing really to do with common sense... but more to do with the fact that SDX is seen as a distressed seller. The issue is that the SD numbers have not been disclosed as the asset is being "held for sale" so it's tricky to work out what production numbers look like. However, there are some historical numbers to look at and we know it is worth much more than we got for WG [bigger asset, more reserves, greater production]. In theory, it should sell for double [ish] the price. But then, like I say, its not a rational economic sale. The analogy about your son is an odd one. He cannot borrow 6 million USD at 19%. I'll leave you to think about that remark for a second. |
Posted at 18/9/2024 13:29 by roman2325 Winnet - Aleph (as I explained before) will have the first call on SDX assets if SDX are in default. Why should they be sold to the highest bidder, when it is SDX who effectively own them? They would only need be sold if the funds were to be redistributed over and above what is owed to Aleph (first creditor), which is highly unlikely to be the case.To be clear: the equity holders (at the bottom of the creditor stack) agreed to this deal by entrusting the board to do 'the right thing' on their behalf. Hence why I repeatedly said the board needs to be held accountable - they signed away the company when they rolled over the deal |
Posted at 05/10/2023 07:35 by tomboyb SDX Energy PLC Contract (7423O)05/10/2023 7:00am UK Regulatory (RNS & others) Sdx Energy (LSE:SDX) Intraday Stock Chart Thursday 5 October 2023 Click Here for more Sdx Energy Charts. TIDMSDX RNS Number : 7423O SDX Energy PLC 05 October 2023 5 October 2023 SDX ENERGY PLC ("SDX" or the "Company") SDX/CITIC GAS PREPAYMENT PARTNERSHIP UPDATE SDX is pleased to announce that, further to its announcement on 13 September 2023 where the Company announced a Gas Prepayment Heads of Terms ("HoT"), the prepayment amount of c. $1.9 million has now been received from DIKA MOROCCO AFRICA, a 100%-owned subsidiary of CITIC Dicastal, which is a subsidiary of Citic Group, a Chinese holding company with a corporate portfolio approaching $1 trillion. This prepayment shows evidence of a deepening partnership between SDX and CITIC Dicastal, which is the Company's largest offtaker and has an increasing and immediate demand for SDX's gas. The funds will be used primarily to pay the costs of drilling the KSR-21 well in Morocco. For further information: |
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