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Its good to see that all on this bb are agreeing that SDX is grossly undervalued .I hope you are all buying !
Of course on the books it valued more but i believe this is the target sdx will be looking at, by tellling us they agreed $6.8m for WG it makes sense.
So literally around £16m which is double the mkt cap and then sdx also keeps moroccan asset. The pipeline in morocco has some value. Its feeding the industrial town of kenitra. The board just need to get their finger out..
I see, so you're suggesting, 13.2 million = 10.5 GBP
I would agree.
Legache
6.8m for west gharib, south disouq and receivables worth more...
$20m roughly..
Well if egypt have them a license on 26 sept 2023, i dont think there is an issue. Also they are part of BRICS.
Maestro, you're all over the place with your guesses, it was 10 million last week!
If thats the case, does anyone know what the Egyptian Gov position is on doing business with the ruskies?
It largely make sense, i recall when Amc sold their assets in Russia it took ages to get cash out due to sanctions.
Nevertheless, i see egyptian asset going and it looks likely we will get in the region of $20m. Current mkt cap only 8m. Hold and be patient.
See below my earlier post from 09/01 regarding the most likely bidder, chimes with a Maestro comment. I personally think the delayed progress is purely due to Egyptian bureaucracy, I don't think Morocco is under discussion with these guys...
Reported elsewhere today [09/01] that the buyer of both SDX' Egypt entities may perhaps be "state-owned Russian firm Zarubezhneft... On 26 September 2023, Zarubezhneft was pre-awarded the North El Khatatba block in the EGAS International Bid Round 2022, which surrounds SDX's South Disouq assets."
Cont: This might trigger a larger value for the assets..
Legache
With the right PR this can easily go up 200%.
We know they have got $6.8m for WG and they will get around $13m for the rest in egypt, in my view. Thats $20m with them keeping moroccan asset. Sdx being the only producer in morocco.
Now imf are also saying a deal with egypt is close. They might
The hilarious thing is it's risen on 7 trades! What on earth would happen if our PR team could actually string an sentence together!
Nice rise, mm's may have had a sniff as possibly the docs will be with nomad by now..
Something is up. No one buys that much if they are not stake building. Can see this rise quickly.
Yes fat finger
09-Feb-24 14:30:22 4.08 325,345 Buy* 3.90 4.00 13.27k O
09-Feb-24 14:30:22 4.08 -425,345 Unknown* 3.90 4.00 -17.35k O
09-Feb-24 14:30:22 4.08 425,345 Buy* 3.90 4.00 17.35k
Fat fingers, the 3 and 4 are not even next to each other of the numerical pad!
Is one trade a flurry ?
News monday??
Flurry of buys..
No idea, i'm just a PI who can tell that a firm declaring assets of 78 million in 2022 is surely worth more than 22 million in 2024!
Legache
What would you value egypt asset at, considering the dollar issue?
That is a bit specific (can anything be a 'bit'specific?)Legache.Why not 22 or 23 ?
That is about 12p per share give or take. I haven't got the numbers to hand, but I would hazard a guess the asset value far exceeds that. I mean, we're looking at 10 million just for half of the Egypt assets. I've no experience in M&A so I should probably keep my mouth shut, but that seems cheap.
They offer around £22.5m they can probably get the lot.
A bid yes but not due diligence,that would be commercially sensitive for the potential bidder.
They would have to announce such, if true...