Member Info for barhut

Legache. Looking at the results of the agm I think this merger is a done deal as the big boys seem to be happy with the board. I cannot understand all the bulls--t talk from the management of a buyback in 2nd half when at this time they were consulting with tenaz on the future merger. What was the point. Maybe if they failed to get there pay off and felt the merger was not going to reward them enough this was there only way o improve share price. Still this shows again tenaz is getting a bargain with this extra cash as well, they should use some of this to pay for new listing on stock exchange for us brits.

Does anyone know or was it raised at agm what's happening now about the buyback

Very good. I'm going to keep the new tenaz shares and see where it takes me, think there will be a sell of to start but should pull back. The only issue I have with the tsx is that it is only the 5 th size of our exchange so even less trades than we have. Don't forget before this merger there were many days that Sdx trades would be only 2 or 3 if that,so the stock doesn't move much.

I think you will find they have been around since mid 90s. Changed name last being altura energy, some platforms still use there old ticker for share price.

I see what you are saying, but two undervalued companies don't always make a good investment there are reasons for that. Look we all know and should do by know, that the reasons Sdx is done badly due to management and there direction with lack of ambition. Maybe why tenaz share price is undervalued due to the same reasons. I was always hoping the existing management that was temporary at first in Sdx would eventually find someone decent with experience to run this outfit but I guess that big wage packet was to much to let go. The trouble is there are a lot of small companies like this which come and go and really people should stay well clear.

Yes it has and you have stated the great ratio difference when merger is done as tenaz shot up after it was announced. That difference is disappearing , as we get nearer making the deal each week less sweeter and harder for us to swallow.

Don't count your chickens just yet littlened. It is falling albeit slowly. Look just like legache I think this deal is rotten benefiting two people only and that is it, but just maybe this is going to be the only way this company moves forward and one day we get our return under the new management. surely this new management can not be as bad.

Tenaz continues to fall back to the merger price. What you don't want is the share to go into free fall and goes lower as this percent will make the deal even worse than it is now. The MM could lower it to stop the selling once deal is done

I'm afraid this is a done deal as I have said before. Just look at the results from the agm, every large holder of shares voted for support to board members regardless of how well the company has been run or valued. Forget who's selling and forget tenaz share price, when investing or evaluating companies you don't do this on today's action, it's on tomorrow's future prospects. These sells could be a investor in one of these funds that does not want new tsx merger shares and the tenaz price will work itself out. There should be about a 20% discount when deal is done, then hope the tenaz guys perform a lot better. Keep buying guys as you won't get any where near that percentage on your money in the bank.

Can you ask them where is the shareholder value for Sdx. A company than has been a downward spiral since you took over the helm then to merge when the share is at 4 year low and tell us this is good value. Also could you ask them that if they are thinking of us little people when this deal was done why wasn't it negotiated that there would be a dual listing on London exchange making it easier for existing holders not incurring more charges. Tenaz say they may one day list but then one day I may win the lottery. Consulting fees seem to be very high is this your charges plus the extra fees to be received on completion and your salary , do you think this is good use of company cash or are you lining your own pockets being very corrupt. Just a couple of questions for you littlened. All the best today. But seriously I hope they get a bad reception and lots of hostility.

Littlened. Tenaz sp starting to align.

I think this is a done deal that has been in the making for 4 to 6 months. Littlened you have to forget the tenaz share price for now until the merger goes (through). Most takeovers or mergers announced don't go straight to the deal share price until nearer the time. Look at the share I just sold, yamana gold is at a 30% discount to the merger price given. So you could buy into that share assuming deal goes (threw) and walk away with a nice profit. Just wait and see . By the way start looking for some good precious metal shares as gold and silver will be turning in the next 6 months and most miners are at the bottom. Gold no hedge against inflation but is if signs start to show of recesssion.

They do seem to be getting the results on drills. Just need a good flow rate. To me it reinforces my belief that the management has sold us out for that pay packet , as these results come in tenaz board will be more pleased with the bargain.

What are you a oxford dictionary. :)

This merger is a good deal for tenaz and its shareholders but not good for Sdx shareholders unless you have bought in over the last 6 months. What should happen is at the agm larger holders should vote to remove existing management from there posts and board put out to renew these positions with experience. But this won't happen as they don't care most of the time this is a drop in the ocean for there smaller investment funds where Some stocks lose and some win. Now we come to a point where the con men have got there pay of and we have to hope as long term investors that the tenaz management are a lot better., well for one if this goes threw they got a great deal, but that doesn't mean the share price will continue to go from strength to strength as Sdx bought circle oil for a snip and now look where we are. Little Ned wait to see what tenaz price is nearer the time, your 40% might go down to 20.

Lol. Was it you I met at that party Sharon. No my partner made this investment around 5 years ago. No I will not attend the agm, are you little Ned.

Unfortunately I had a break even share price of 24p, so no 40% is not enough. Could never bring myself to average down and as I wasn't the one invested in this share , so no stop loss was put on, which is something I would do on a stock like this. I will hold with new tenaz shares and hope the share will double over time. Bp has been good to me over the last year so that should makeup for losses if push comes to shove and I decide to dump the stock.

I don't think so. This is a done deal, a bad deal for Sdx but good for tenaz holders.

Yes they do. But this will fall to the share merger ratio. Sdx should work up to nearer the time of deal.

And so it starts. I see tenaz starting to fall.