Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Smelly, you may be in dire need of cash but otherwise I cannot understand your desire to offload.
SDX market cap is around £8.3.
The sale of WG will raise $6.9m and the sale of SD will be more than that as it will exceed 3/4 of the market cap and require a shareholder vote.The resulting cash will then exceed the market cap.Unless the Moroccan business has a minus value the share price is hugely beneath total assets so the prospect of a rise in price following the deal is almost certain.The chance of the share price falling is effectively nil so the risk /reward at this point is massively in favour of reward.Dont you think so ?
How much are people expecting on Thursday ?
Maestro,I am not sure that is the reason.Sure before the putative sale this was a problem but the deal ,if and when,will be paid for in $dollars by the buyer.Egypt will lose SDX but gain a different and much larger asset owner,so the deal should please Egypt.Morocco should be paying for itself as no new drilling seems to have occurred,otherwise it would have been announced.The delay is the big problem methinks as people like smelly get fed up.I suspect the delay is because a) Buyer needs Egypt to unfreeze foreign exchange,b)Govt. bureauocracy,c) a full takeover is being negotiated
BOD are required by law to disclose any event which may be market sensitive.As no RNS has been issued since 10/01/24 we must assume that nothing has changed since then.The facts then were that Egyptian sale will be more than market cap.Selling now would be illogical
I have emailed CFO 3 times about lack of information to no avail so with you on this.However facts are facts and lack of information means that nothing material has happened since last announcement.The deals remain I play..
Hi Barhut at least you are right on one thing.I am old,81 today.
However the WG sale details make SDX worth more than current share price.Add in SD at more than WG,then add in Morocco and we have at least a 2bagger.Is that good enough for you ?
Over the last few months the larger sales seem to have been placed after larger buys,presumably to keep the price down.I cant see any logic in this as the Egypt sale news will decide the price when it comes irrespective of previous transactions.