Member Info for legache

Thats a reasonable question, but over the next six months the balance sheet should transform [I.e. paying down the debt quickly]. I have no idea if the market will react to this fact, but that is a good enough catalyst for me.

Yes, i think only the very hardiest PI is still invested in AIM oil and gas. Its a sector wide malaise and companies like SDX which are not making a profit, will always be the hardest hit. You never know, the results could surprise us!

Few little buys over the last week or so. Seems like the selling might be waning and we're possibly due an upward move, which would be novel!

Just to "fact check" this post (which is becoming increasingly repetitive)... Guidance is the lower end of the 18.5-21k range, not 24k as alluded to. Average and peak production are two different beasts.

TBF, I was not stating that we'd be 60-70p, I was simply suggesting that production could double from here, with the right moves...

Making price predictions is a mugs game.

40k by end of 25 could be do-able with a bit of a tailwind...

He is putting his money where his mouth is.

I love a bit of director alignment.

Over a million share traded within a few seconds of each other.

12-Nov-24 09:42:15 24.25 100,000 Unknown* 24.00 24.50 24.25k O

12-Nov-24 09:42:10 24.25 443,100 Unknown* 24.00 24.50 107.45k O

12-Nov-24 09:42:00 24.25 325,000 Unknown* 24.00 24.50 78.81k O

12-Nov-24 09:41:28 24.25 325,000 Unknown* 24.00 24.50 78.81k O

Not really sure if you point here. Other than the data is wrong.

Taken the opportunity to further average down here. I've put these income figures into a spreadsheet and doing some very basic maths, assuming the oil price remains about 70, we should be in for a prosperous few years ahead.

Thank you to IR for this update.

In 50k chunks.

At what point is cheap, cheap?

i can maybe help with this....

production guidance is 18.5 - 21k.

my guidance is 16-18k. i think they will miss guidance, again. google it, they make a habit of it.

i reckon they'll achieve an average of say 75 bucks. just a guess.

so. if you do the math, that makes revenue of say 450 million.

*** packet stuff.

So we're assuming the compressor was fixed and they decided not to RNS it.

TBH - W're now many weeks since that RNS and one would imagine a part for a compressor could have been sourced by now. PB would have had the time to personally fly out there with it in his hand luggage, by now.

Are we not expecting production at the lower end of guidance, or perhaps missed entirely Roxi.

If Akantara has been offline all this time they'll certainly miss their targets...

Your assessment is highly accurate, Michu.

It always makes me chuckle when i hear the cliche that, X is entitled to his opinion as much as the next guy.

I say no. I have researched this business extensively and have been holding for more than five years. The other poster comes along and makes some stupid remarks about placements, and those should have the same weighting as my posts.

Without wanting to wave one's willy too much... Er. No.

Owl. You are delusional. You are deliberately trolling. Go away.

The business has an undrawn borrowing facility and great relationships with banks whom they borrowed 250 million USD from for akantara.

The business should be cash positive by next year.

Apart from news on SD disposal, what could drive the share price forward pre xmas?

If/when reeves removes the CGT exemption form AIM, will it affect illiquid, predominately foreign-owned businesses like SDX... I am not so sure.

This particular owl doesn't seem very wise.

There is plenty of liquidity in JSE and there is almost no chance of capital raise. Research the company please owl.