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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
I’m afraid your correct. High paid amateurs. Where’s old Littlened to put a positive spin on this
No news is not good news. Every day this company exists destroys value.
They updated us in early jan, they confirmed sale price for WG. I think the buyer maybe russian hence its taking time.
I remember another stock amc, it took them ages to dispose asset to russian buyer.
We will get news shortly i am confident of that.
I see the benefit of selling out and see it how it pans out but, trouble is, selling my holding would prove tricky at the current price as I own far too many... I'm in for better or worse without better liquidity
The "sale" is 3 months late and absolute silence from the board who promised better communication
Even of they are waiting on things beyond their control they should update us of the reason so
Nothing on production from the new well no indication of the valuation of SD - surely THAT is finished or over as all the HoT were agreed 9 months ago !! Very frustrating- I smell a rat - I'll give it another week and then I'm out - management have lost my trust
No news is good news, with the way sp is depressed even if they dont decide to sell things could only get better.
Imf loan about to be signed, uae investing billions, tide is turning for egypt. Imho
No news yet. What a surprise. U lot must see that the new idiots in control are no better than the accountant. A update or courtesy rns should of been out months ago, why specify a time/date. 5p takeover with existing board getting the backhander. Let’s see.
Egypt has increased bank interest rate and will float currency.Should be good news
Regret not, it's from a paid (ultra reliable) oil&gas news service, Enverus...
Is there a link to the news ?
Yes maybe but BOD promised me personally and in Daniel's October video that shareholder communications would be improved !