Member Info for maestro1

Fact is that if the company liquidates all its asset and return all money to shareholders, sdx is worth multiple of current mkt cap.

Whatever happens its a hold at these levels..

Littlened

Ever get the feeling sdx put their eggs in one basket, remember they received multiple offers for their egyptian assets, so there was more than one party.

They signed HOT with one party back in aug 23, almost 6 months now. It has to be soon. Me think they will announce SD deal with the WG sale..

Come on sdx.

Bad news for our neighbours PRD, testing didnt go well.

Sdx remain the only gas producer in morocco with its own infrastructure.

Just the management need to get finger out and dispose the egyptian asset.

Anyone got feedback from company?

I have never got a response from sdx.

We need to know what production figures are and whats happening..

They also stated when the moroccan gas well will come online they will inform mkt.

We should be hearing something soon. SD was largely agreed back in jan as per rns.

Lets see...

Of course on the books it valued more but i believe this is the target sdx will be looking at, by tellling us they agreed $6.8m for WG it makes sense.

So literally around £16m which is double the mkt cap and then sdx also keeps moroccan asset. The pipeline in morocco has some value. Its feeding the industrial town of kenitra. The board just need to get their finger out..

Legache

6.8m for west gharib, south disouq and receivables worth more...

$20m roughly..

Well if egypt have them a license on 26 sept 2023, i dont think there is an issue. Also they are part of BRICS.

It largely make sense, i recall when Amc sold their assets in Russia it took ages to get cash out due to sanctions.

Nevertheless, i see egyptian asset going and it looks likely we will get in the region of $20m. Current mkt cap only 8m. Hold and be patient.

Cont: This might trigger a larger value for the assets..

Legache

With the right PR this can easily go up 200%.

We know they have got $6.8m for WG and they will get around $13m for the rest in egypt, in my view. Thats $20m with them keeping moroccan asset. Sdx being the only producer in morocco.

Now imf are also saying a deal with egypt is close. They might

Nice rise, mm's may have had a sniff as possibly the docs will be with nomad by now..

News monday??

Flurry of buys..

Legache

What would you value egypt asset at, considering the dollar issue?

They offer around £22.5m they can probably get the lot.

Considering the circumstances, the managed to get decent price for West Gharib, $6.8m.

South Disouq with infrastructure is worth more. There will be some cash and alot of receivables too, so what price will South Disouq go for?

There are a few companies in disouq area, the one i mentioned is a large player, there is also a large russian state owned company too.

Yesterday the mm's had no interest in trades and they resorted to manipulate sp by doing UT of 10 shares, yes 10 bloody shares to reduce sp after hours.

I think at present it best to hold.

I wonder if its this company that is interested in the assets.

https://wintershalldea.com/en/where-we-are/egypt

If the IMF short out Egypt, SDX may even get a better price.

The new management are basically like those guys that buy cheap stock and sell them into bits. They trying to get best price for the egyptian asset in bits. All eyes will be on SD and what price they get for it.

Also they have some cash and receivables in egypy will that extract some cash? We shall see..

Https://www.google.com/amp/s/english.alarabiya.net/amp/business/economy/2024/02/05/Egyptian-pound-skyrockets-following-landmark-agreement-with-IMF

Sdx fell from near 10p because of the financial issues in egypt, it appears it will stabilise soon.

If its a russian buyer and they tell us then we can understand the delay and getting money to us maybe difficult but possible.

Littlened

Do you own 75% of the stock?