I'll wager non of the keyboard warriors would stand up in front of any mm or BOD member and accuse them of outright fraud or even conspiring to defraud.
There is absolutely nothing to back up such defamatory publications.
As you know -a general rule trades reported as blue if above the spreads mid price or as a sale in red if below the mid price.
For the morning opening sp the MMs choose to set the price based on the previous days mkt and any general mkt news/trends once and specific stock RNS.
Usally trading settles down after the initial opening.
Bear in mind their are a number of MMs for each stock,each with their own view of the price range want they based on the above hence the occasional large overal spread and price range shown.
Having said that on many occasions for numerous reasons such as a volatile fast moving market,delayed order filling,demand etc.,the sales /buys have the appearance of being incorrectly reported.
Was in Val at 1p and for once bailed at the top then traded the stock a number of times so sitting with a decent size holding for free.
Not sure the same high will happen here but expect price to react well on decent news.
Whilst o/t have a decent look at sdx.
Another set of personal comments by useless jack who posts all day long about his obsessive stalking of a poster yet cannot see his abusive comments have nothing to do with PYC.
He cannot argue with comments about the real monetary value of the company which is about zero.
Nor does he accept that the company has done nothing at all for shareholders except cost them money since its birth.
Unfortunately continuous broadcasting of outrageous hope in the companies good intentions which have so far paved the way to hell for a lot of PIs past and present.
Methinks if no sizeable orders appear the sp will sink back into oblivion sooner rather than later leaving a lot of PIs nursing bigger losses .
The three spikes have not lasted beyond a day or two and caught various investors on the hop especially those who dived in without DD expecting profits.
The risk is high very high with what is essentially now a poor. trading situation.
What is being said points to a lack of trading knowledge except for the few.
Anyone can buy any amount of stock they like beyond the nms,doing so generally means any major sales beyond the nms may not even get a quote unless sold at best.
In a volatile forward moving market large numbers can generally be traded but when the sp is in the doldrums or bad news make for a selling mkt the MMs will increase their spread and pay as little as they can get away with or simply no buyers come forward.
Essentially shares can always be bought but cannot always be sold.
The low SII means exceptional volatility in both direction, a single bad RNS will see the sp dive to below 2p the same as an unlikely contract for half a million plus will reverse the trend.
How is it no mention of Ladyjacks obsessive posting, biased?
The companies track record for earnings has done nothing for shareholders except cost them money since the companies inception in 2010.
Plus it's last recorded earnings are so poor through non renewals etc.,it needs an exceptional flow of decent contracts.
TBH I try to remember that any posts made about events are based on very little information from the company,probably as little as 10% or less of financial information is known to PIs.
So any elephants on the horizon are bound to be mirages.
There is no state robbery if there was you failed to research it,so it sounds like an excuse for negativity.
No problem with downside views but unfounded ones are arguable.
If state robbery was in place we would not be enjoying with our partners a steady income roll from Egyptian based production or even considering further investments in Egypt or have any expectations of receiving that $ 14 million 'freebe'
What has your personal holdings got to do with sdx other than your stated belief- it's a good share
Kinda calls the lie to your state robbery stance or vice versa.
As the man says keep posting.
How about 1500 BOPD flow etc.,
You cannot disguise your intense dislike of this share
I don't agree with your downside on taxation comments.
As far as I am concerned it's a factual decent continuous net income addition to the bottom line.
As each well comes in the net income increases at a high rate for doing nothing once the well is on line-
We have no debt so the extraordinary low net development capex costs for whole 9 well program are being paid back at an ever increasing rate,apart from that our previous ongoing cash reserves more than covered the program
Then this year there is more cash coming in from the Egyptian.gov.(stated)something like a further $14 million if memory serves.
Even more steady non stop cash flow from the pipeline flow.
So where does that effective free income sit in your ' crappy' comment concerning income
Few if any of us understand the full taxation system of cost allowances etc.,so how you find your figures I have no idea.
A success rate of fIve out of seven low costs wells drilled going into immediate production is a huge success especially as 4 of them produce at a net margin of 30 times their entire costs
We have another ~ 10 wells to drill with ~5 new spuds in the next ~ 8 weeks.
SDX has a 50% working interest so a decent estimate of the new find is 1250/1750 BOPD of which presumably SDX pick up a further 750 BOPD straight to the bottom line.
Each success fast tracks more steady income to the bottom line
Within the next 4/5 weeks- SAH-2 well will have come onto production and increased our gas income by about a fifth which is a rapid result from spud to cash flow.
So out of 7 spuds we have 5 productive strikes only anoth 10 wells or so to drill before the current drilling program activity is completed?
Meanwhile we will have 4 maybe 5 spuds announced one after the other as we will have 4 maybe 5 rigs on the go in the next 8 weeks.
Any elephant finds will not be believed ! !
So Added just over a half million shares to initial investment ,will now wait before adding a few more to make around 2 million shares as a trading holding until news arrives which is probably a month or two away yet.
Target as before initially ~1.5p
In your world everything may be corrupt but with regard to SDX to validate your claims either put up or shut up.
Your consistent posting is generally aimed at displaying poor views of the BOD etc.,
Back them up with facts instead of extremely poor innuendo.
The sp is where it is for numerous reasons as you should well be able to understand.
Does such a such a dim view of people's integrity give a clue to your own integrity! If you doubt the integrity of this bod and all associated with it what why are you invested in the stock.
Exactly what proof have you got for such an appalling statement.
Best put up or shut up.