Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
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The IMF is just a tool for US to control the poorer nations, thankfully the Saudis and UAE are using their brains and outbidding western funds. They will not allow egypt to go bust but rather control it.
As for sdx holders, they should continue to hold.
Barhut, what does it mean?
Theirs that Tory talk again. Look either way this company should of updated its holders over a month ago. Keeping the sp depressed only means one thing to me.
UAE intends to invest $36billion in Egypt which could unlock the IMF deal.This might be the blockage needed to complete SDX exit
In the telegraph today
Britain to harness power of Sahara solar farms using 700ft ship
"Petro Disouq established and operated a South Disouq natural gas treatment plant, natural gas production lines, and natural gas shipping lines in the South Disouq concession, with investments of around $80 million since 2014.
It is worth mentioning that Petro Disouq is a JV between the Egyptian Natural Gas Holding Company (EGAS) and SDX Energy, and was established according to a ministerial decree dated April 9, 2019."
I told you the infrastructure has value, egas and sdx have spent $80m on the infrastructure. This is why a large operators are interested in our Egyptian asset. They will use the infrastructure to put their own production in.
What wrong with the sp today? You can sell at mid price 4p.
Littlened- The fact that we know West Gharib sale price is $6.9m, South Disouq price will be higher. I recall it took along time for sdx to get in production in SD. SDX part own the infrastructure even the processing facility. Large buyer are interested because they will save money and time by not building their own gas pipeline etc.
Its been a long time since the financial problems happened for egypt, we are hearing egypt is close to signing imf deal this will be positive and put more value on sdx asset in egypt.
Continue to hold down here there is value.
By your logic Maestro it is worth more than a hold surely !
Fact is that if the company liquidates all its asset and return all money to shareholders, sdx is worth multiple of current mkt cap.
Whatever happens its a hold at these levels..
Barhut,I am neither a politician or a Tory or even an apologist for SDX.I too am concerned about the lack of comment since 10th Jan.I have again emailed William McAvock for information.Re Aleph they have no clout to force anything controlling a maximum of 26% shares even after conversion.If the want control they need to buy shares in the market
Littlened
Ever get the feeling sdx put their eggs in one basket, remember they received multiple offers for their egyptian assets, so there was more than one party.
They signed HOT with one party back in aug 23, almost 6 months now. It has to be soon. Me think they will announce SD deal with the WG sale..
Come on sdx.
Littlened . Are you sure your not a Tory politician. Bad comms from a bad management from misleading info to not really giving a monkey about shareholders . They will be communicating with aleph on their bonus for selling remaining assets for 5p. Does matter about previous offer or if anyone on this board won’t accept as they don’t care. Again, I hope I’m wrong for you guys.
I have tried but they don’t give anything away.In their words they can’t as nothing material has changed.
Bad news for our neighbours PRD, testing didnt go well.
Sdx remain the only gas producer in morocco with its own infrastructure.
Just the management need to get finger out and dispose the egyptian asset.
Anyone got feedback from company?
I have never got a response from sdx.
We need to know what production figures are and whats happening..
If we don’t get an update this week I’ll be writing to the CEO - nearly 2 months delayed this sale
Https://www.rt.com/africa/592558-egypt-dedollarization-trade-brics/
They also stated when the moroccan gas well will come online they will inform mkt.
We should be hearing something soon. SD was largely agreed back in jan as per rns.
Lets see...
We've been here before, they will not have enough equity to force that....
Unfortunately they have to wait for various sign offs and authorisations from the Egyptian govt - outside of their control. Last time they gave an update a couple of weeks after their stated date and I expect the same ie some comment from the company in the next week if there is some delay detailing the situation or better the finalisation of both sales and an update on the latest drill
Enjoy the silence. I thought the deal was to be done by the end of year or jan. What year exactly are they talking about. What a joke. If I ran my business like this I would not have a business to run. Here comes aleph with a 5p takeover now. Deal or no deal.
yes better to be a big fish in a small pond, extend pipeline to spain, optimise drilling , expand use of existing pipeline, long term contracts with offtakers for the core.
then the plan is to plug solar into the network - morocco is hot hot hot and sp****ly populated so if they can build an infrasture and pass that to industry (and maybe to europe in time happy days but that is a 10-20 year project.
mgt reward is aligned with shareholders so that is good but while i understand approvals are out of their control i'd like to see some reassuring comments when deadlines are missed - we were meant to complete by end of year then end of jan - mid feb now and no news
I'm with Ben, Morocco or bust... or return some of the incoming cash to investors if they really don't know what to do with it ;-)
Smelly Ben, You say, "do what they say in their strategy", I cannot see any specifics in those slides [presumably you are looking at the same ones]. All I see is blah, blah about ESG etc and leveraging current customers by cross-selling solar panels to them!
That’s interesting- my own preference would be the opposite as most mergers and acquisitions fail due to complexity, dilution of management focus on the integration of people and systems - I’d rather they do as they say in their strategy and focus on Morocco, and use their current infrastructure ( expand as necessary ) to grow there - we need to sweat our assets and benefit from economies of scale so any foreign expansion would make me doubt they have thought through the strategy and I’d be gone but each to their own.
Be good to get an update this week though on the sale