PYX Resources: Achieving volume and diversification milestones. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Yes but they said before year end - twice and recently - and they will have failed - dont want to be pedantic because it could come Monday morning but trust is a key part of whether to invest in a CEO - in the past I've been in Kefi, Prem, EUA, IOG and COPL where the CEOs promise big and fail time after time - big flashing red light if this isnt done next week (PS I have had a few good ones as well!!!)
I care less about when it's signed and more about if it happens at all and what the price is!
Its clear the actual sale will go through after 31st dec as an egm will have to be attended to agree to the disposal. Hopefully the sale contract signed next week but likely before end of dec. Imho
SDX financial year ends 31/12.Any tax consequences of the Egyptian sale would then be postponed for a year.I am no accountant but it might be advantageous for SDX to do so
What reasons are you alluding to Ned?
It has occurred to me that SDX might prefer to leave the actual completion to next year for accounting reasons
We can only go by sdx recent rns on 27th nov where they stated
"The Board remains confident that it is on track for the Egyptian sale as per the Company's earlier guidance and further announcements will be made once definitive legal documentation has been signed to effect the sale."
Next week... fingers crossed
Well I was right about an RNS but it was the wrong one ! Still an hour to go.
Yes it was a disposal on 1st dec but his holdings are now separate.
Sorry, but i'm normally good at understanding these forms but this to me looks like a simple disposal.
Yeah good spot, then could be a forced sale for some reason?
Look at rns 1st dec, i think he has separated his holding from VALERIE A. BRACKETT
Another major holder disposing.
Tr1, the threshold was crossed on 1st dec.
Almost 4 month since HOT signed why is the buyer taking so much time.
I believe the deal will be signed this month but egm will be in jan.
Just get rid of egypt asset so they can start drilling in morocco.
Because I told him they would lose credibility if they didn’t,whatever the message.I can’t believe they would allow that to happen.We all know when Xmas is and can subtract 14 from 31 !
What.. you expect an rns today? Why
This is exactly what I said to William McAvock on Monday.Therefore I expect an RNS later today
Hes just young and inexperienced. Goes with the territory.
In my professional life i always under promise and then hay presto you look like a champion when you deliver.
Well I for one am very disappointed that the transaction will not now complete before year end - a deadline the company set for itself and reiterated a few weeks ago.
I've been burned before by AIM CEOs missing deadlines and given this guy is brand new it is not a great start to his tenure.
Of course the transaction could and probably will happen but setting expectations and meeting them is an important part of a CEOs job to build credibility in himself and the company and on that he has fallen at the first hurdle.
Better not but he cant say what is not in the public domain anyway
I have used the generic contact on the sdx website, care to share his work email?
Yes Maestro
Smellyben
Egm maybe in jan now but hopefully deal signed this month.
Littlened
You have his email?
I have emailed William McAvock,no response yet