Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
I think the biggest hurdle to get ML was to get MIIF on board, they did this in early sept.
ML is coming very soon..
Seriously some jokers here, its going ahead. PLL, MIIF or ALL are not going anywhere.
Awaiting mining license.
Uog averaged $78 in h1, i wonder why sdx oil price was very low.
I wonder why sdx have not told us the sale price. Clearly by dec sdx cash resource will be very low. If buyer pulls out sdx are in deep.
Hopefully we hear something soon.
Havin the govt on your side and invest is a positive.
Back above 40p.
Mining license is out next week imho, its a safe jurisdiction.
Finally ALL can get ball rolling.
Taufour
Next week will be fine, the biggest hurdle was miif. They hav their cheap shares.
So in 2 weeks then. ;)
Yes Legache, we know the mkt doesnt like it.
We expected this.
Not gonna sugar coat this the results on paper are bad. What i dont understand is why are they taking so long disposing the egyptian assset. It burning our cash resources. The mkt thinks they are deliberately destroying value of egypt asset.
The takeaway is sdx will likely get around £10m to £12m for asset. If aleph convert all their shares 5p will value company at 13m.
I will say this Aleph shafted shareholders when we got 11p takeover offer last year. Its their chance to make it right now.
The first half of 2023 was in many ways a period of revitalising the SDX story. With a new strategy that is based on developing a hybrid energy producer, the Company announced that it is selling its Egyptian assets and I am pleased to say that the process remains firmly on track and the disposal, if completed, would constitute a fundamental change of business pursuant to AIM Rule 15, because the consideration, as currently calculated in the Heads of Terms, will significantly exceed the market cap Consideration Test threshold. The disposal will allow the Company to address some of the legacy issues inherited from the past and allow the Company to develop its organic and inorganic growth story in Morocco and beyond.