The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
I think sdx will totally leave egypt. Leave nothing behind.
We have to remember the sp collapsed from over 8p when company announced they were having currency issues in egypt and as a result were finding it difficult to cover working capital for morocco.
Once this burden with egypt is sorted which i believe is very soon i see us moving higher. Once we find out the sale figure sdx sp will rerate. Im expecting £10m-£12M for the disposal.
With sdx keeping Moroccan asset, 10p a share will be fair valuation short term.
I think we will hear something next week. :fingerscrossed
Trade and receivables is $18m..
I think at least $15m will be offered for egypt asset.
Sdx sold 1/3 of their 55% working interest in SD for $5.5m in 2022.
So 2/3 of SD will be valued at $11m
They have 50% WI in West Gharib lets say $5m
They have $6.5m cash stuck in Egypt
Then they have receivable in egypt too $10m
So obviously there are issues in egypt so getting $15m for all that is a real possibility.. Thoughts?
Legache
At the time of paul welch era two stocks sqz and sdx, both were similar price.
I chose sdx, sqz was way more successful.
Anyway sdx get out of egypt, i wonder why the large international buyer is taking their time. Its loose change for them one would assume. It will be in the region of £8m-£10m.
Fresh start we can start again.
Good buying today.
Its an estimation.
You say shore remains with valuation of 19.5p a share what valuation is put on egypt?
If they only getting 10m thats value of 5p a share. Wheres the other 14.5p valuation?
With gould now ceo so progress must have been made. Sdx holders have to vote on deal.
Well they did say they will dispose egypt asset back in aug and it would be higher than the mkt cap at the time.
The sp hasnt reacted, its only fair they get the options.
The elephant in the room was the bonds every quarter, now that for the next 2 quarters this is sorted and no overhang will occur this is good news for panr.
Panr have large resource, i think someone will partner with it soon.
Can see this goin over 30s before the webinar.
What was cost value to prove up an ounce.
Why do they make the rns sound complicated?
"The Mali government will become a shareholder in the subsidiary mining company following completion of the transfer and finalisation of shareholder agreements and LMLB has been established to be the holder of the Bougouni mining licence and operator of the mine. These transfers will occur at a later date once formal approval of the Direction Nationale de la Geologie et des Mines ("DNGM") in Mali has been received."
"The parties are looking to finalise all remaining compliance items as soon as possible with the expected transfer of money (US$117.75 million in total, of which US$3.5 million has been received as a pre-payment as announced on 3 August 2023) for the completion of the Transaction now expected in the first half of November 2023. Consequently, the parties have extended the long stop date for completion of the Transaction to 15 November 2023 or such later date that may be agreed in writing between the parties ("Completion")"
So mining license will not be transferred by mid nov?
Thats why not much action..
"....for the completion of the Transaction now expected in the first half of November 2023. Consequently, the parties have extended the long stop date for completion of the Transaction to 15 November 2023 or such later date that may be agreed in writing between the parties ("Completion")."