Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. 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.
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...
The Heads of Terms suggests that the parties were in rough agreement.The delay since then re South Disouq suggests that there is some discussion going on .But management say that nothing material has changed.My takeover theory suggests that the bidder is doing due diligence on Morocco which does of course take time.
No Legache,any offer has to be put to shareholders or if they think it is not viable they have to issue a statement to that effect.It cannot be hidden.And of course a hostile offer can be made without management consent
Ned - of course but only if management decide to present the option to shareholders. They would have to be willing to play ball...
Barhut,do you ever laugh ?
Considering the circumstances, the managed to get decent price for West Gharib, $6.8m.
South Disouq with infrastructure is worth more. There will be some cash and alot of receivables too, so what price will South Disouq go for?
There are a few companies in disouq area, the one i mentioned is a large player, there is also a large russian state owned company too.
Yesterday the mm's had no interest in trades and they resorted to manipulate sp by doing UT of 10 shares, yes 10 bloody shares to reduce sp after hours.
I think at present it best to hold.
Not don’t but do. Oops
Littlened you don’t make me laugh. You sure your not a politician if not a calling is their
Legache,it is shareholders who decide not management who have no shares !
Nah, new management have no incentive to sell everything, they want their options at 50p!
Also, the delay is surely down to stuff going on in Egypt. If their civil service is like ours they're all working from home watching daytime tv.
One of my theories about the delay in selling Egypt is that the buyer wants Morocco too and a full takeover is in the offing
I wonder if its this company that is interested in the assets.
https://wintershalldea.com/en/where-we-are/egypt
Any cash in Egypt will be part of the sale deal and therefore recieved in dollars
If the IMF short out Egypt, SDX may even get a better price.
The new management are basically like those guys that buy cheap stock and sell them into bits. They trying to get best price for the egyptian asset in bits. All eyes will be on SD and what price they get for it.
Also they have some cash and receivables in egypy will that extract some cash? We shall see..
I understand that the official exchange rate is unchanged,just the 'black market'which of course is not available for business transactions
Well they got a loan at an interest rate of over 20% (SOFR+15%). Aleph put in the new management. They're running this show.
Silly question.Please answer mine
Https://www.google.com/amp/s/english.alarabiya.net/amp/business/economy/2024/02/05/Egyptian-pound-skyrockets-following-landmark-agreement-with-IMF
Sdx fell from near 10p because of the financial issues in egypt, it appears it will stabilise soon.
If its a russian buyer and they tell us then we can understand the delay and getting money to us maybe difficult but possible.
Cube - it would explain a lot. The deal is conditional on state-owned assets being flogged off as well...
https://english.ahram.org.eg/NewsContent/3/12/517148/Business/Economy/Goldman-Sachs-expects-EgyptIMF-financial-deal-to-r.aspx
Littlened
Do you own 75% of the stock?
The big question is, what is going on?
Maestro please explain how Aleph with around 26% of the shares can force any action which the rest of the shareholders dont want
It is frustrating waiting for the news but I do wonder if the discussions Egypt is having with the IMf are having an influence. I have seen some numbers quoted that would see a rerate of the Egyptian dollar and hopefully, all I have here is hope, a beneficial knock on effect in the value our value of cash held and chance of getting it out one day if it's not part of a deal.
But the other thing I did feel was missing in the last update, was detail and any mention tion of the cash specifically . Just the sale of west gharib and south disouq.