Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I like the fact that SIA seem to have plans to continue with M&A action and that perhaps a future deal will really make the market sit up and take notice: Soco International president and CEO Ed Story said: “In addition to providing a high-quality, free cash flow generating oil concession with significant development upside and exploration optionality, Merlon creates a new hub for our business in Egypt, which we will utilise to support further growth not only in Egypt but also the wider MENA region, both organically and through additional M&A.
Merlon Acquisition related article. Https://www.hydrocarbons-technology.com/news/soco-international-buy-egypts-merlon-
Great Article in the Global Legal Chronicle. Http://www.globallegalchronicle.com/soco-international-plcs-us215-million-proposed-acquisition-of-merlon-petroleum-el-fayum-company/
Hobione Interims look good. I’m just worried that a placing seems imminent with further dilutions. What are your thoughts?
A very confident AK, reiterating the fact at the end ‘the business we have’ [Niger and Nigeria]. 42p next stop, let’s get 5/5 discoveries and hoping Zumo1 can Surprass Amdigh. Here’s to a happy BB especially Agadem,, Zengas, Lobon, TTT, Nen, HN, Happy, Trek, Mid, Older, Arbi, Rob, Kala and the rest of you guys. Here’s to a start of a long successful journey ahead....
Soco is the tip of the week and a Buy in the Investors Chronicle. A good opportunity for newbies and LTH alike to add to their PF. With the EBT purchase this stock is looking good at the moment. https://www.investors chronicle.co.uk/tips-ideas/2018/09/27/a-new-strategy-at-soco/
CRL Spot on. A hold for me I bought after placing which was a great opportunity, nothing’s changed. A fantastic buying opportunity I’ll be topping up soon, just waiting to offload one or two. Traders, Aim rainbow chasers, MMs can’t hold this down for two long true value will reflect the share price soon.
Workover What are you in for? It’s irresistible at this level. Could be a takeover target for a major when deal closes and with body cutting synergies and alignment of both businesses. Once the Africa assets are all off loaded, I believe the BOD will look at adding to the reserves 2p & 2c, smaller similar deals. IMHO.
CRL Well said rainbow chasers want a quick easy ride and expecting rabbits. It sickens me when traders and the market goes against fundamentals.
https://www.linkedin.com/pulse/soco-international-quite-star-michael-crilly
Using the mobile typos,
Talk about a dormant B.B. Anyways the Merlon deal seems good got Soco to get a foothold into North Africa, adding extra production and value accretive. For me it seems like a good deal Dayo why have dipped my toe in this morning. Can’t really understand the bot buys and sells for single digit numbers and low figures, can’t really see the AT attacks. I’d like to kick off here and get some insight and it’d be a good starting point to just restart a conversation on here. Come on guys it’s not all doom & gloom.
Malcy needs do earn his money and ramp it after tonight’s presentation. He should take a leaf out Justin Waite’s book he’s one to ramp only the ones he has interest in.
Profit taking on Friday before presentation on Monday. I personally don’t see a big sell off Monday or Tuesday. Balance sheet is strong , no debt, assets producing, increasing production plans in place, well funded and decent management set up currently.
Razel You not the only one heavily exposed to this I got carried away doing top ups on the rise and have been left with a sea of red of the PF, hard lesson learnt. This has bags of potential, good BoD, good assets and with a CEO who can pull rabbits out the bag (proven track record). I will be buying again to average down, only when the dust settles. GLA
What’s the current situation now with OPL310?