Sdx Energy Share Discussion Threads

[tnt99] 13/9/2023 07:46

Well seems reasonable as they will not be paying interest on the loan

[sleveen] 13/9/2023 07:20

So they're borrowing money on future production to drill the next well?

[tnt99] 12/9/2023 20:58

Very tempting as if the sale goes through the share price should at least double?

[winnet] 11/9/2023 16:01

this is being brutally punished. I guess its the same old story with warrants on AIM. Odd really considering most think Egypt will be worth much more than the market cap??

[mariopeter] 04/9/2023 15:42

Nice one Neo.

[hiddendepths] 04/9/2023 10:23

There's the holdings RNS. River and Mercantile have reduced to below 5%, which triggers it.

Their holding is now exactly 10 million shares. That says loud and clear that that's the end of their selling for now.

[chrisdgb] 31/8/2023 12:52

Hope so........crazy price

[neo26] 31/8/2023 11:27

Was that 3.3m last of it?

[neo26] 30/8/2023 23:34

That was Malky, egypt asset will be sold significantly higher than £8m. Current mkt cap is only £7m.They still keep moroccan asset which gets at least $12 per mcf. Cheap stock.

[neo26] 30/8/2023 23:28

"Well, well, well, Jay Bhattacherjee and his team has done what he said he would when he came in as interim Executive Chairman and has now signed HOT's for the Egyptian assets at what must be a cracking price if it is 'significantly' in excess of the company's £8m market cap. It has certainly beaten any expectations I had for the assets after the announcement earlier in the summer when it was announced that there were many potential bidders in the room. Whilst these things always carry a degree of transactional risk it sounds like it is quite a long way down the road and it is my understanding the deal will be in US Dollars and not exposed to Egyptian currency risks so homework has been done by the Company. Once closed I understand that Jay will pay down some debt and a few outstanding bills, maybe redeploy some in Morocco and of course patient and longstanding shareholders would like a small piece of the action as well. Jay always said that he wanted to create long term value for shareholders and this deal looks smart enough for that to have been the case, I'm very impressed."Sdx looks very cheap, mkt cap only 7m

[neo26] 30/8/2023 19:34

The sellout last year was 21m pounds but you would have got tenaz shares.The value would have been better as tenaz shares were $2.19 at the time and recently went as high as $3.85.I think egypt assets will be sold for £10m. Even then share price should double in value. Hold for 3 months.. current mkt cap is cheap. Ridiculously cheap.

[tnt99] 30/8/2023 17:21

My hope is it goes for 30 million as the share price is way below the sell out at 11p which was not accepted

[neo26] 30/8/2023 15:40

Well well sdx have stated the threshold is 75% of mkt cap, so significantly higher than that.This will double at least in the next few months.

[neo26] 30/8/2023 12:32

They have alot of receivables in egypt also, so dont know exact figure this will get disposed.Considering the gas processing facility owned by sdx there are many development projects near SD. Maybe this is the reason the large company thought about buying it.

[chrisdgb] 30/8/2023 12:25

All the investors brought in by Aleph were US......

[neo26] 30/8/2023 12:18

US buying? Why would usa buy this?I think todays rns was released to stop the rot.Im assuming the egyptian asset will be sold over 10m.

[chrisdgb] 30/8/2023 12:14

Let us hope we some decent US buying....

[neo26] 30/8/2023 11:44

Someone throwing toys out of pram.

[neo26] 30/8/2023 11:14

Sdx resource is small, they have gas processing facility.Who would want to buy it?

[chrisdgb] 30/8/2023 11:11

Capricorn the buyer..?

[chrisdgb] 30/8/2023 10:49

any clever people know the consideration/market cap test which this significantly exceeds..???

[chrisdgb] 30/8/2023 10:39

very interesting, yet still the sellers appear.....