Member Info for legache

Agree M, and those receivables should now be fairly valued as the market will recognize that concerns about repatriation of receivables no longer matter.

I am not sure why we have not been getting any production updates. The market doesn't like this lack of transparency.

Correct me if I'm wrong, but hasn't this paid PR buffoon been talking up SDX since they were about 50p!

A broken clock is right twice a day!

Have i missed something? Aelph jhbe just 6.66% in SDX. I thought that number was more than double that last year when i sold up.

Aleph Commodities Limited* 6.66%

Can someone enlighten me as to what has happened to their holding since. Did they reduce...?

Egypt may not happen until year's end and then they actually have to get the money. This is the right thing to do to get the drill turning asap to maximize future revenues.

"putting it together" and having one, Ned, are two entirely different things.

I'm "putting together" funds for my retirement but thanks to Welch et al I am now some way off!

... are possible!

Okay Ned, they've got a chance in my book but the lack of compelling strategy is disconcerting. My gamble is just that on the basis they have some ideas to move this forward. I cannot see much downside, in fact the downside will be 1. stasis or 2. a very murky equity-related reverse takeover orchestrated by Aelph. Both

Well, I have it some really deep thoughts... 10 million would exceeded the market cap. That would open us up to a takeover if valued at current levels. The clowns in charge are not oil guys and imo, that is their game as well. Yes, I am bit concerned about this business hence the 200k shares tranche.

Back in with a small first tranche. Will look to accumulate more. Purely on the basis of the Egypt deal.

Let just hope management executes.

This will rise as time goes on and we tick off the operational milestones.

When will this happen and how will know?

As the SP falls, but something fundamental has to change. The major shareholder group sucking them dry and then probably converting when it all goes titsup at 4.5p is the most likely outcome. Once that dilution is done and the dust has settled with Egypt, then you can make a sensible valuation. Until then i remain sidelined.

it's a **** take. hope it needs shareholder approval...

That's quite a lot imo. Enough to stop a run through 50p. In my experience.

Hilarious they got that away...

It's the warrants that will stop any significant rise imo.

Depending on what loss they make on that revenue, as has always been the issue

Macly is paid pr and has been talking this up since it was 20p!!

I am not sure why they just disclose all the info...

Someone at Shore is smoking something. Hilarious estimate.

You obviously haven't done your research on JSE if you really do think that.