Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
I have had a response from CFO.
Production from KSR-21 has not yet begun and RNS will be issued when it does.
No material changes have taken place in Egypt and RNS will be released when they do.
This board means exactly what they say ,no more no less. That makes them reliable in my book,they could almost be fellow Yorkshiremen !
It doesn’t matter what Smelly does.The events in Egypt will decide the share price in the short term and Moroccan ambition in the long term.
I haven’t bought any shares for 2 months but intend to shortly if no news from Egypt..
Smelly,I smell a rat,at least a phoney troll.Anyone who wanted to dispose of a substantial shareholding gradually in a tiny company with small share turnover would not announce his intentions publicly to other shareholders,thus ensuring a lower price for subsequent sales.Maybe he would talk the shares up beforehand not rubbish the company as you have done.You have an ulterior motive and are definitely not who you pretend to be.
The only thing they havent done,yet,is to complete the Egyptian sale.Agreed they havent informed shareholders of progress but they feel there is nothing they can say without revealing sensitive market information.Why not await the deal and then decide what to do.I dont think you can lose that way.If the share price rises after the deal it is likely to be a big rise and you will have lost out hugely.Risk/reward suggests holding on Smelly
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 ?