Member Info for lptuf93

If we can break past 23p, easy fill from 25p to 30p

Thanks for posting that!

Second milestone hit, looking like Q4 timeline will be met. Results not bad either!

Only just got back in but I hope this goes up for longterm holders. SDX has so much going for it, really shouldn't be down here.

Started building a position. Seems like SD is moving forward. Should have more decent news in H1 results at the end of aug - confirmation of SD progress. May fall further before then but not bothered about buying slightly lower. Risk here is if there's further delays.

Hace spoken to Kev (from Trinvest). Stand up guy and has close ties with Remy who took over 5% a short while ago. These guys were involved with ARCM (and still are) so they clearly know what they are doing.

3p hopefully by 11am then intraday RNS regarding cash landing and then push 4p!

I wouldn't even say at a certain SP. Pick up assets when we're chucking off more cash from SD and we have bags of cash in hand. Need a period of stable proudction where we're just accumulating cash. SD coming online couldn't come faster here...

100% agree. Rather than extend just say we're expecting it shortly. Consistently have dates missed makes it look like the company is being taken for a ride!

Having said that we know where it's going on money coming through and permit news

Not in currently but I definitely agree with growing organically for the moment whilst waiting for SD to come online. South disouq can, and I believe will, be a monster. Look at the rates fo the four wells that were drilled and I know they'll be restricted but consider how many other analgous prospects there are on that HUGE license. Yeah at $2.85 it mgiht not be loads but the volumes could be that of mid tier player if they really went for it. My opinion but they need to focus on pushing SD through and getting more customers for their crazy margins in Morocco.

Also think it will be very difficult to find another Circle acquisition.

Profit is the game, well done mate

I guess you can't blame anyone for crystallizing a profit but with money 99% likely to clear this week and minister approval surely shortly after you know this will be punching past 3p shortly.

Completely misread what you said. Thought you said 10p on permit! Potential for 10p on drill.

That's too much to be talking about now. Just a wild number. Wait until we are close to actually drilling the wells then we can revisit that number. But not on permit/money news. Should atleast be pushing 3p, hopefully then move to 5p.

Sorry that's me being blind!

I don't think cash levels are close to m/c. Can't remember off the top off my head but wasn't it close to $11mill in the coffers at the end of June.

Surprised to see sells at 0.23, must be desperate for cash! Need to hold at this level as we are close to support. Can't be too far away from hearing more on Stanley 3 site prep if it is to be drilled in August.

Honestly not looking to argue mate but I know investors are interested in returns hence why SP is important and increasing M/C can be misleading. Hence why in my post I mentioned the decimation of SP in MSMN over the last 2 years (which is cr*p for those holding). Fortunately I'm not new to this game which is why I'm calling this more of a trade rather than an investment until management can be seen to hold value and then increase it (SP) for investors. If they can hit the black stuff with Stanley 3 I think we will do well. What I will say is, the placing was around 30% of the shares in issue which is a huge amount (again, another reason why investors would be hesitant to get in if management are known to raise a huge amount at almost all time lows) so it's not surprising we are struggling to move at the minute but considering we've had 600mill+ volume since placing I think we are almost there.

Can see us having a very good summer from this level.

I'm in for the story now and although I've known about msmn being around for a while, I've never really looked into it until now. Look, without knowing the story for the past couple years I can't comment on what's happened but with most companies looking at the share price movement tells you everything. Obv this company has either over promised and underdelivered or possibly diluted its original holders out or something along those lines as it's dropped a lot from where it was 2years ago. You're asking about current SP. Yes we're producing but we've dropped because Stanley 2 isn't producing what people thought it would compared to Stanley 1, therefore they've sold and we're back under 0.3. I'm happy as it's allowed me to get in. I think Stanley 2s not bad but most investors think short term and aren't willing to wait around.

Regardless of the story, it's had a placing so placees need to sell up and not hold it back and I believe most have done so and with upcoming news flow we should move back into the 0.4s, just need a bit of time.

Agree weetsie. You can just look at the share price over the last few years (the markets don't lie). However, like you said, I do think it's undervalued. Think Stanley-2 numbers will get a little better with time and optimal choking (hopefully around 80-90bopd) which for our share should payback the 100k in 3 months which isn't terrible, but yeah nothing to scream and shout about. Hoping Stanley 3 can be somewhere between but I bought in today atleast for a trade on the run up to Stanley 3 results. Hopefully most placing shares have been sifted through as we've had over 600mill volume since 250mill share raise so looking cleaner for a move up once these final sellers are over. Or that's what I hope anyway.