The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Are you two for real.
You could be right Legache.With a large discrepancy between asset value and market cap I am sure we will get a bid once extricated from Egypt
I'm going to stick my neck out here but I've been watching some of these trades and I reckon there is a big buyer. All the little trades presumably that fella chucking his holding away rate just getting eaten up, same day after day.
Takeovers only take place with the agreement of all shareholders.Noone here has the clout to force a takeover and once the SD sale has taken place outside parties will be able to see that 3.5p is far too low and we will get a big one
"CEO said we are aiming for a share price of 2p and aleph takeover of 3p"
PMSL! Of course he did!
They now have more flex to create shareholder value. CEO said we are aiming for a share price of 2p and aleph takeover of 3p. Theirs your value and strategy. I’m not bitter just stunned by this show
Would make sense. Would perhaps indicate the deal is going ahead sooner rather than later perhaps. Otherwise, why incur the higher interest rate?
I was a bit concerned why SDX had fully repaid the EBRD loan and then drawn more from Aleph loan which is of course much more expensive.SDX have explained that the former loan was secured partly on SD and sale was dependent on EBRD approval which was not certain to be given.This could be one reason for delay in SD sale
Still, even it takes a year thats IRO 700k in interest payments. We're expecting the deal to be worth 12-15 million USD. The cap is just 7.3 million. Still, if they complete within 3 months the interest payments will be dwarfed.
Legache
If SD sale was gonna happen within the month they wouldnt have extended drawdown period for additional meagre $700k. Remember interest on the $3.5m is 20%..
There's no reason to think the SD deal will take another year to complete, Maestro. Nothing they have said indicates such
I'm hoping as suggested in the RNS that SD could not be sold as it was used for security. I hadn't thought of that. So hopefully things will progress quicker.
Maybe they could have mentioned the interest rate on the loan note again.
All the money faffed away from WG already now SD will take another year and that would be spent too imho.
Look at june 23 accounts and dec 23 finals acc, explain how cash balance reduced by 3m?
The whole aim was to dispose egyptian asset as one and get shareholder approval. This hasnt happened.
Surprised he had time for the worlds shortest interview . Very very busy doing what. I would not let him run my bath. No drive or ambition, just shareholder value destruction. Can not see this company sp ever getting above 6p again. Kicking myself for not selling my remaining stock at over 8p. What a fool
I don't get that logic maestro, the assets are producing and profitable. The issue has always been repatriating cash, not profitability.
All the money from WG has been spent. Imho
SD disposal looks like it will take time, if they spend another 1 year trying to sell that then they would receive less cash. As most cash would be spent on admin fees etc.
Very dissapointing Sdx so far..
Can you provide link ?
Cant find it
Video from CEO on LinkedIn
That suggests the capex for 2023 is much reduced
Why the need to drill more wells until the complete sale not done?
The current cash received from WG has already been spent inc admin expenses.
Very dissapointng on top we paying $1.4m in liabilities.
The reason why this is not yet in production is because the Moroccan authorities have not yet signed off.In any case current production is sufficient to satisfy the demand
Nice! Hopefully the RNSs come more regularly now and with more good news. Have a good weekend all.
The 500k deal is my buy !