Member Info for daft63

You are right there, shakey. I do think it will change though, value always wins out in the long term. Its better to see clearly and be in early, in the short, medium and long term this will shift, it already has for those of us in for awhile, but theres a lot in the pipeline, pardon the pun!

Yep, but I think its incorporated into the EOY figures, no matter great interview and Im very happy here.

R1chardo, I wish you well, and good luck with future spends, and nobody can say you are wrong on the poor reactions of the sp to news. But I dont think that new and exciting news is what will change the sp here, its the slow accumulation of additions to the cash register which will grind us forward, as we see slow but sure rises in monthly returns. We spent $45m on the future, and will probably do the same if not more in the next 12 months, but each expenditure made is changing the forward growth. PW has had to be disciplined in his push for growth, our CFO will have been canny in his control of the leash, always restricting delusions of grandeur, keeping an even keel. But I see a point where without any further additional assets, the income /capex ratio changes fast which tips the balance, this starts in the next few months and will continue as we bring SD online and more factories come online in Kenitra. Todays figures should be reassuring, the whole SDX team have worked hard to achieve goals on multiple fronts, on a balanced budget and in a timely manner, the rewards of that effort has yet to be put on the books, but it should not be invisible to the trained eye! Atb

Reading some of the reactions this morning confuses me as to their expectations, is PW supposed to create an unannounced miracle overnite, if youve been here and keeping informed then you have seen the progress made over time, and you know that our growth wont start till we start to sell what we find. The figures are bang in line with whats been told to you, give or take a pinch and all that exploration came in on budget and in a relative good timeframe, some reactions here are either fantasist or agenda based. But the truth is in the figures, fully funded for rest of 2018 with monthly incomes to rise within 125 days, all bang in line with whats been told to you by a CEO with a success rate and track record not up for debate, is not matched by any other, and is taking SDX forward at a rate that it can afford without piling on debt or dreams. Good luck finding somewhere better to put your money folks. Atb

Many here have waited a long time to see an effect, always knowing that this is a solid growth prospect, it has at times defied logic.. but in 4 months time we should be putting circa $7m a month away, within 18 months, its possible $10+m a month. After next years drilling campaigns, SDX should find it very easy to turn success at the drillbit to fast cashflow, requiring less planning in Capex availability, and more in targetting potential returns. What PW and his team have already achieved is monumental, lths have shown resilience, but it takes time and money to develop potential prospects into cash flowing assets. Many Aim companies dream of aspiring to this level in just one development, PW and the team are succeeding at it on multiple fronts. Be Happy!

Tigris and Southmead, totally agree with that. All about conversion to income, plenty to keep busy!

Mr B, it is strange. But its also strange how all the major reasons for a crisis peak and fall, Italy for example has been on a knifeedge for years, each time it gets a fresh coat of paint to cover the cracks, and carries on regardless. The French and German banks are in serious exposure to mega defaults, the ECB is running out of tools to bail economies teetering. You could try to blame Brexit, Trump and various hotspots, but these issues are never fully repaired or even addressed, and became the reasons for Brexit, Trump and hotspots. Globalisation and Free Markets may make good headlines and profits, but devastated Western job bases and communities, producing products with limited lifespans destined for landfill, products that cost half the price of a predecessor but only last one third the time. Brexit and Trump exist because of the ignorance and neglect of those before them, and will be used by those same people as an excuse for problems, rather than admission of guilt and failure. Printing cash was the medicine used to cure stagnation, fast cheap money used to create growth, but its the never ending pursuit of growth that has stopped the fixing of the systems that caused the halt! Im not being political here just saying it as I see it. On a side note Im thinking dark chocolate coated fig biscuits as an investment idea. Atb

Southmead, as I say, I was not meaning SDX, in fact I think we are suffering from the move away from companies that offer value and growth. The crypto market is basically fruit machine tokens, many tech stocks have no value other than advertising. I have no doubts about my holding here, never really have, but I can see a major move away from those empty markets, which will initially cause a ripple globally before people then seek value once again.

Dont get me wrong here, Im not down on SDX, in fact I believe these prices are a great time to get some in if possible. But looking at Global markets, sentiment and trading spats, I think we are at the possibility of a sharp global downturn across most areas. Way too much value has been put into empty stocks and markets, look at cryptos, look at tech stocks that dont produce anything. Trillions of dollars in total are been held in places with no intrinsic assets, nothing that cant be reproduced, copied or done without. Aim is much the same, and always has been, but now the global markets are dominated by valueless entities, sucking billions away from the companies that do produce and do hold value. Maybe its time, maybe not, but at some stage soon bubbles will burst!

Sorry folks, my misjudgement, the timeline dont fit, thats why Im daft!

https://www.marketwatch.com/story/saudi-fund-managers-ordered-to-liquidate-their-canadian-assets-as-feud-escalates-2018-08-08?link=MW_latest_news

Could it be possible that the drop was related to the spat between these two, even if it was just someone expecting the Saudis to dump all interests, and moved to beat the drop in Canadian equities.

Still wish I could forsee such action, so harsh so fast for no logical reason! 30% would be a lot more shares. Oh well.

In Buddhism it can take a lifetime to achieve, so Id say youve fast tracked.

Shakey, so cynical for so young, advanced beyond your years maybe, or a wise head on young shoulders....

At least its going up at a similar rate to when it was falling, which is unusual. Its still strange!!

It does appear that something is on the cards, with no information I am not going to guess, but our Mcap has reduced by a large sum as a result, so whatever its for must be seen to add value for those partaking. Just have to wait and see what comes out of the hat.

Thanks for explaining to me, Im sure you know best!

https://enterprise.press/stories/2017/12/13/naftogaz-egypt-operations-see-profits-this-year-for-the-first-time-since-2007/

Well I do hope you are wrong this time Mr Haylock, because any money spent on this dog would be better invested elsewhere, eg in Morocco or SD. Not having a go at your speculation, just dont really like my initial feelings on this one, they cant even get a bank to help sell the asset in a rising market.

https://www.google.co.uk/url?sa=t&source=web&rct=j&url=https://dailynewsegypt.com/2017/06/21/naftogaz-reportedly-failed-sell-egyptian-assets/&ved=2ahUKEwiNw_ujx9DcAhUF1hoKHbN0As8QFjACegQICBAB&usg=AOvVaw2xfg4rUMLuz5LGeFN0r07i

Panic sell if you wish, but ask why would you sell now, if you didnt 4 weeks ago. The volume is allowing illogical movement, still wish I had a chunk to chuck at it!