Member Info for maestro1

They drew down more. It was in one of the rns.

Even if you take $2m figure, what is 15% of that in 6 months? Aleph is making free money, they screwed us shareholders by rejecting deal.

We need the deal wrapped up asap. Who is the buyer...

Legache

50p and 100m mkt cap? Even im not that optimistic.

Aleph will convert the convertible loan of $3.25m. That is 25% of the company. So company has been diluted by 25%.

They can trigger a buyout anyone who says they cant need head examined. Dont forget the generous interest rates aleph are getting for convertible loan close to 20%.

Aleph rejected the deal and beneffitted more and got more control of the company.

Littlened

Production is declining, resource is declinig and no meaningful investment being made for more production. In 6 months from jan 23 to end june 23 the cash balance declined by $3m.

5 months to dispose the asset is ridiculous, why taking so long. They need to tell it why its taking so long, the company was a large international producer. It must be loose change for them.

The thing is its been 5 months and the company is running the asset down. If the buyer pulls out sdx are doomed.

WG disposal price is $6.9m, sdx spent alot drilling every year.

The longer they take on SD the more run down it becomes.

What news expected next week?

Nice...

West Gharib price $6.9m

South Disouq still being negotiated.

New Upfront Offtake agreement for $2.1m

Sdx is looking undervalued now. South Disouq along with recievables and dollars in egypt will get alot more than west gharib..

Legache

Are you sure after this trade at 15.22pm the price increased to 4p.

The overhang is clearing.

UT Trade at the end.

Littlened

Im confident we will get news on multiple fronts this month.

Waiting game, once thats done we get get drilling.

I have emailed them a few time in the last month or so, judging by them not saying anything they are in close period.

News is on its way. £10m? £12m?

Lets see..

Problem is the mkt has had a sniff that company needs funding hence sp destruction.

Mkt is only 8m, will there be a rally when this spuds? Lets see..

175k trade is identical and at the same time.

Sure one will be removed.

11p deal was great because tenaz went on a rally after that so one could have recovered close to 20p a share.

Anyway this should get close to 10p once deal done and citix agree to offtake this month.

Ut trade push sp down.

Update is imminent.

No rns, looks like deal will go through just some delays.

If we dont hear anything tomorrow the deal will happen, "the large operator" would have told sdx their intentions by now.

Imho document will have already been created and if the large operator wasnt going to buy we would have been told by now.

Egypt has his issues, dollar issue, on the israeli border and they had elections in dec.

I believe it will happen in jan.

Tax loss selling season is officially over from across the atlantic so i doubt the large holders will be selling to cover their losses.

Onwards and upwards now.

Hopefully update next tuesday on 2nd january.