Sdx Energy Share Discussion Threads

[neo26] 24/11/2023 16:17

"Commencement of drilling signifies an early milestone in SDX's new roadmap in Morocco, which the Company will present imminently."This was 3 months ago, hopefully we hear something soooon...

[winnet] 24/11/2023 15:46

seller is determined. It's not all me btw, some are though.

[neo26] 24/11/2023 15:39

I think disposal rns next week and then 2 week notice for egm and then another two weeks to complete transaction.

[roman2325] 24/11/2023 15:18

Well done Winnet if that is you, seller must move up to 5p at some point (if he keeps going)

[winnet] 24/11/2023 15:08

c'mon folks, help me out here, i'm almost out of ammo.

;-)

[neo26] 24/11/2023 14:48

The reason why sdx fell so much is that egypt govt are having issues with currency, once sdx have disposed they are out.Worth mentioning for the moroccan asset sdx paid $30m in 2017 along with 40% stake in NW Gemsa.Still believe morocco asset is worth more than current mkt cap.

[roman2325] 24/11/2023 14:17

But market makers will only mark it up because people are buying it - not one will have any idea what the intrinsic value of this is they'll hold zero on their book.

I am very happen if I am wrong

[neo26] 24/11/2023 14:05

6p is only 12m mkt cap.If egypt asset is sold for £10m, then there clearly is a price disconnect.

[roman2325] 24/11/2023 13:58

Personally I would prefer they didn't negotiate with the Chinese because I wouldn't want them taking any bigger haircut than they need to. You have a lot of buyers around there with very little supply but this part of the process is usually forgotten about.

I would think we actually need a buyer to see it rise to 6p and unless thats Winnet doing all the volume then it will be a slow drift. Good time to buy like you say but how many institutions have got SDX on their Watch List lol

[neo26] 24/11/2023 13:49

Dont forget they are in negotiation with the chinese company to get greater upfront payment for gas.Alot will happen in dec. Can sell at mid now, so seller should be gone.Once egyptian asset sold this will be 6p plus.

[roman2325] 24/11/2023 13:27

I agree Neo although delaying it until now, then announcing good news before we've forgotten raises a couple of alarm bells. All these small cap CEOs talk about is the SP

And considering Jay was the interim boss they clearly dont have a lot of options. Anyone worth their wait in gold (Gould lol) would dodge this for something better there are no youngsters in the industry if you've half a brain you become an influencer or start an Onlyfans.

Hopefully Gould will steer the rudder rather than try and become the next Rockafeller. Again they are in a great little position onshore in N.Africa but have done nothing commercially on the ground and the whole market knows they have no leverage. Lets just build the base (and hope this seller gets cleaned out soon) then Egypt comes in and we strike lucky with the drilling campaign. We don't need a lot to go right, we just don't need to f88k it up either by running towards renewables

[neo26] 24/11/2023 13:19

The options may have been negotiated alot earliar. Just finally confirmed.Why have they made gould ceo now then?They must be happy with the progress.

[neo26] 24/11/2023 13:16

Is that all you winnet?

[roman2325] 24/11/2023 13:13

Being realistic I wouldn't expect them to dole out a ton of share options then a week later announce we're off to the races.

(Slow) and steady works at this stage I'd rather they focus on exploiting their position onshore and with Onhym than going green hydrogen and trying to turn this into a thousand bagger

[winnet] 24/11/2023 12:59

yes, I've been buying i think this has turnaround written all over it.

[neo26] 24/11/2023 12:57

Someone is stake building here.Maybe next week we hear something.

[neo26] 24/11/2023 12:50

Why is the large player taking so long to make firm offer?

[winnet] 24/11/2023 09:44

I'm less concerned about the "what and where" and more concerned about the principles on which the strategy is based.

1. Funding. Needs to be based on zero further equity dilution, unless it's extremely value-accretive.
2. It needs a pathway to shareholder returns, be it growth or divis. This is key. Too long have LTHs suffered on the jam-tomorrow promises of squelch et al.
3. Location. Work in areas where we can actually do business [this rules out most of Africa]
4. Exploits the sweet spot in the energy transition in the next 10 years, hence gas should be the focus.

Those are my initial musings.

[roman2325] 24/11/2023 09:13

Just throwing this out there: what would you like to see in the 'new strat' hitting the wires shortly?

[chrisdgb] 23/11/2023 10:48

One of my shares for 2024.........

[winnet] 23/11/2023 10:21

Neo - they'll get more than 7 million for Egypt. Ned and I have debated the figure ad nauseam on this board. Likely to be in the region of 10 million GBP.

Mkt cap was 8m at the time of the announcement, and the mkt cap threshold would be 75% of this as an absolute minimum as the RNS stated "substantially exceeds" that figure, which is not going to be just 1 million extra is it...

Net assets valued at 25 million at 30/06.

[roman2325] 23/11/2023 09:42

Looking at the tea leaves: it would appear that the seller holding this down has now stopped (?). So line of least resistance higher (timely for those who just received options lol)

[neo26] 22/11/2023 20:27

If there is price sensitive info being released could they give themselves options?

[neo26] 22/11/2023 17:19

Mkt cap 8m, owe aleph $3m, expecting to get 7m from egyptian sale. Still heard nothing from sale.Problem is they are not making profit in moroccan gas sales. They need to do something different.Why are they taking so long to wrap the deal.

[aspect100] 22/11/2023 10:39

I think £40m is a bit more realistic.