Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
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While of course I agree that if there is certain news then the Board must announce but it is very feasible that the prospective purchaser is playing hardball with the price, maybe the government are playing hardball with the approvals and while nothing may have fallen through legally the fact it has taken so long - 9bmonths since the announcement means to me that the deal may well fall through but we are nearly a year down the line with the new fangled strategy - which is dependent on the Egypt sale - is dead in the water. If parties want a deal they make it happen and meet the price demanded - delays of this sort usually mean it will fall through and I don't wanna be left holding the baby
BOD are required by law to disclose any event which may be market sensitive.As no RNS has been issued since 10/01/24 we must assume that nothing has changed since then.The facts then were that Egyptian sale will be more than market cap.Selling now would be illogical
Barhut, c'mon, really? Wrong? There's nothing "wrong", just bureaucracy and so young and naive execs giving wonky guidance.
Is 4p not cheap enough for you? Do you want this business for free?
Smellyben. You seem to be the only one here who lives in reality. You are correct in your comments, it’s not negative it is true. Something is clearly wrong
Smelly, in jan they stated they have agreed price for WG and said they are close to agreeing SD. I would wait, if the party were pulling out it wont take this long.
Also the longer it take the stronger sdx hand gets, the egyptian economy is getting pumped once you can take dollars out of country again Sdx are back in action.
Sdx is oversold..
It's been at least 4 months late how can nothing have changed ! Something mustvhave happened in the negotiation on SD, something must have happened on KS21 - they must be doing something or are we constantly depleting cash on pointless capex until a fundraise is required. The new management have missed deadline after deadline and simply that does not inspire confidence- tomorrow is my last day of inaction and then I start selling down my stake
This is what i have been doing.
Like Ned has stated if nothing has changed they cannot mention. We will wait. If egypt reverse the dollar issue then its game on again. Sdx can take money in and out of egypt can run their business. Imf, eu and uae money will help.
Well i just sent my comments to their general questions site - if someone can share the CEO email I'll happily email him too !!
Is there any point, if they had something to say presumably they'd say it?
Can you share email addresses and I'll do it today and maybe one or two others will
Have any of you emailed the BOD to complain of lack of communication ? I have several times to no avail but maybe they think I am a lone voice
So said our CEO ..........six months ago and nothing since
All good for Egypt and that's good but our Board continue to stay completely silent - nothing re WG , nothing for SD nothing for KS21 - months after they said it would complete in December. - all from a board that said they would improve communication after the share price has dropped 70% of so - really really poor - the market has priced sdx below NAV because they think they are leaking cash day after day and nothing from the Board
First the imf, then UAE and now EU.
Maybe now sdx can recover. Just look at NAV of the assets. Way higher than current mkt cap. Board just need to pull out finger.
Ned
"Islam is practiced by 90% of Egyptians."
In my view they still plan to liquidate in egypt and now the board only mention MOROCCO, whther in rns's or tweets. So nothing has changed.
Egypt is officially multifaith
Sdx giving Ramadan Mubarak to Moroccans no mention of egypt, so it looks like the deal is still on to divest all from egypt.
https://twitter.com/sdxenergy/status/1767571871476658270?s=19
In play
I have emailed CFO 3 times about lack of information to no avail so with you on this.However facts are facts and lack of information means that nothing material has happened since last announcement.The deals remain I play..
Hi Littlened. Not really good enough, something stinks here, and the one thing I know in business is small companies don’t care about you and me , it’s all about lining their own pockets. If it was all rosey here why don’t they put out a rns to explain. No confidence at all.
Happy birthday Ned!
Happy birthday. Littlened
Hi Barhut at least you are right on one thing.I am old,81 today.
However the WG sale details make SDX worth more than current share price.Add in SD at more than WG,then add in Morocco and we have at least a 2bagger.Is that good enough for you ?
One wonders whether Adelf have been given more information than we poor mortals
Last week sdx did wake up on twitter, no mention of egypt looks like deal is still on...
https://twitter.com/sdxenergy/status/1765009212222980296?s=19