Sdx Energy Share Discussion Threads

[shakeypremis] 14/2/2019 12:43

Neo26, could it perhaps be this;

I suspect this move away from TSX is about more than just saving money (exactly how much money would this save anyway? - I will try to work this out later). On the TSX a shareholder holding 20% or more shares in a company is obliged to issue a takeover offer if I am not mistaken. On the AIM, this limit is 30%. This would allow the newly re-named MEA Energy (now interestingly called SDX SPV Limited) who currently hold ~19.5% of the shares and possibly also Ingalls and Snyder who hold ~18.5% to buy another 22% of the company between them, taking the total of their two holdings to 60% of the company.

I do hope we are not about to be mugged off and taken private, or perhaps sold off on the cheap to another interested party with MEA Energy etc happy to take say 80p or something. If this is happening, PW etc must be in on it and set to be rewarded handsomely.

[neo26] 14/2/2019 12:41

i think the mkt has gone looney, when you have companies like panr which are valued more than companies actually producing.

this should easily be 70p, cant wait till they delist from tsx maybe then this can move.

there has to be a reason why directors want to come off TSX its not to save on listings thats for sure.

[ifthecapfits] 13/2/2019 08:29

All gone a bit flat this one - following BP shenanigans.

[matchmade] 08/2/2019 08:24

Judging from tombul's enthusiasm for the word, she appears to be peddling us "fake news". I am getting a distinct whiff of a fake account being run by an automated Russia-based newsbot: the constantly repeated key words, the robotic self-assurance, the lack of any prose style or redeeming humour . . . it all adds up.

[cwmwillis] 08/2/2019 07:32

Tombul, looking good butt!!

[tombul] 08/2/2019 03:25

Paul Welch, Dilution Lover, Mr. Pinocchio of SDX Energy, commented:

"We are very pleased to be expanding our fake production in Morocco, which we see as a key misleading and deceptive opportunity for further fake gas and oil discoveries. Both of these fake permits offer significant fake production potential and are located adjacent to our non- existing operations and non-existing infrastructure, so can be tied into our virtual facilities quickly. The award also gives me and our partner to mislead and deceive many many more unsuspecting investors over the entire onshore Gharb Basin"

[cannuckoiler] 07/2/2019 21:30

Good news maybe matchmade 100 sq km area....over here vol 284k on TSXV above avg. and a dropping price to a low of 37.60p

[matchmade] 07/2/2019 17:56

Ah, ADVFN has failed to accept my URL. Let's see if this works:

Go to Proactive investors dot co dot uk, then "/companies/news/214146/sdx-energy-expands-morocco-footprint-with-new-licence-awards-214146.html".

[matchmade] 07/2/2019 17:54

Proactive on a renewed and a new licence in Morocco, including details of 3D survey and drills that SDX has committed to undertake:

[...]

PW: "We are very pleased to be expanding our acreage in Morocco, which we see as a key growth region for SDX going forward . . . Both of these permits offer significant underexplored hydrocarbon potential and are located adjacent to our existing operations and infrastructure, so can be tied into our facilities quickly. The award also gives SDX and its partner control over the entire onshore Gharb Basin.”

[cannuckoiler] 06/2/2019 18:57

hxxps://www.benzinga.com/content/12940401/rambler-metals-mining-plc-announces-voluntarily-delisting-from-tsx-venture-exchange
A good case study of what will happen to the Canadian share holders ,keep in mind that this is about a company that is selling for .03 cents Canadian.And I think are in the red.

[cannuckoiler] 06/2/2019 18:37

The main cost of listing on the TSX venture is at the start...the fees after that are minimal....unless you are having a hard time to comply with the rules



If you check out the link you can see the lesser cost for listing on the TSXV VS TSX
Again this is start up cost , the biggest part is getting in....loss of exposure to both markets to save a little doesn’t fly with the objectives of growing ...IT DOES NOT SMELL RIGHT...

[shakeypremis] 05/2/2019 16:32

They're still owed approximately US$25m. A nice chunk of change. As of August 2018 they were owed ~US$29m. So if the rate of payment continues as is then it'll be cleared within a couple of years. Not ideal but nothing you can do. Governments are the King of Thieves.

[cannuckoiler] 05/2/2019 16:31

Help fight back the 100% short increase...take your shares out ,long sell order with a high ask price ....

[cannuckoiler] 05/2/2019 15:53

2019- will look to make further reductions in its backdated receivables balances.
Can someone please tell us ,how much money are we talking about here.As the last backdated payment was 4.5 million...

[shakeypremis] 05/2/2019 08:39

I suspect we'll find out once the de-listing occurs. If we start to see larger buying afterwards we pretty much know what is afoot. Of course that large buying will not come with an associated rise in the share price. If this is happening we know the board are in on it. The best we can hope for is that the second biggest shareholder (someone holding through an account with asset manager Ignalls & Synder it would appear) is not in on it and is likewise also not willing to accept a low ball offer. Otherwise this is a done deal and we're getting taken out on the cheap.Any suitor or consortium needs 75% of the vote to get a takeover offer passed. Without the Ignalls holder that might prove difficult without offering a decent price. With both MEA and Ignalls at 30%+ each we have no chance.

[neo26] 05/2/2019 08:31

Certainly plausible, will explain the constant attack on the share price

[shakeypremis] 02/2/2019 20:42

Has Tombul morphed in to Cannuckoiler?

[cannuckoiler] 01/2/2019 21:02

Well not as much movement on this side of the world for SDX ...makes me wonder when Mr. Pinocchio (PW) will get to his 8000 boed...

[shakeypremis] 31/1/2019 09:34

Hi Tournesol, no I just wondered if you were still invested as hadn't seen you post for a while. I also bought more shares recently between 34p and 37p. Couldn't resist. There's the potential for ~US$50m/year after tax profit once SD comes online and that's with Morocco only doing 9mmcf/d too. That's about £38m. They need reserves though as the oil assets in Egypt are getting old. Hopefully the next drilling campaigns in Egypt and Morocco will sort them out. There's always the potential for a large oil resource at South Ramadan too. Sure SDX only have a 12.75% WI, but 12.75% of a lot of oil will still be decent.

[cannuckoiler] 31/1/2019 06:15

how much impact there will be from all the shares that will be sold do to fact that of delisting

[napoleon 14th] 30/1/2019 13:38

I'll check it out.