Member Info for NewKOTB

"Asset-Backed Loans usually require ...umm...'assets' .."

We had £81m on our balance sheet last year!

Clearly our Board were once Boy Scouts.

The Scout Motto is: BE PREPARED

Or maybe some form of RBL/ABL or equivalent for £10m, whist keeping our share of the ZIOP.

Easily sell back into market for a tidy profit and pay the loan back once IPO has been exceeded, or on full sale of course.
Clearly this would be one hell of a trigger for a re-rate. Also, they may not even need to buy any back, just aquiring the funds could be sufficient to kick the SP re-rate off. But my guess (wild as it is) is it will be done in one transaction, could well be ghost holders accumulating over the past weeks/months for this very transaction to occur !!! Now that would be something.

gla

"Glen could bid themselves. Theyve got inside access to all the info that others would not. They would be crazy not to make a lowball offer to take Zioc out ..."

They could easily take us out, and flip our share for a tidy profit and still retain control of ZIOP

PP,

"I have a feeling the MMs and day traders are pushing this up too early.."

The momentum will be kept or lost on news on TOMORROW or Wednesday imo.

As for "too early", I would say it rather late getting into the mid 20's

What makes you think they are doing nothing ... did the Santos deal pass you by ?

New Captain will ensure the ship is on an even keel asap, loads of additional cash will be rolling in from next Friday.

The mgt have no control over who sells as in this case a large fund has been off-loading, so absolutely nothing to do with the management i'm afraid. W

Excellent recovery off opening lows this morning to finish blue.

To be knocking on 24-25p this week, lets see what tomorrow brings!

Gla

Just so long as they are gone !

5 x 100k buys EoD plus a late reported sell.

Will see tomorrow if she rises, got a feeling the seller could be all out, if so the serious buyers will get the nod and pile in over the next few sessions .... a imo

SP, I'm aware of that, it just annoys me that their forecast is just that, based on to many unknowns ATM for our FY2019. Too much emphasis on Netbacks and not enough on increased cash flow from new business with massive margins in morocco.

Atb

Also wish this seller ends shortly.

Sorry to disagree, but with our new customers coming online I can not see the netback falling almost 50%. After all we don't even know what deal we will get in Egypt yet. Morocco netback are set to increase, so this with production increase will keep our netbacks easily above Edison's figure imo. Let's see on next set of results.

Atb

They expect Netback to fall , lol, Edison get your act together, just look at morocco and their future netbacks, that you have conveniently not mentioned.

Talking their own book by the look of it once more, or an analyst that has not got a clue about SDX.

Companies RENav 153p vs Edison 92.7p ..... lol

Our CORENav is 90p ATM, that is set to improve in coming weeks, so yes undervalued !

8059bopd does not appear that much in comparison to other producers, so to focus purely on production can be misleading.

We have no debt, in my book a massive plus in today's climate.

A BoD that has delivered time and time again and with a clear objective to turn SDX into a $1bn company.

Our production is extremely high margin with massive free flow cash being generated month upon month, that's set to grow organically.

We have the advantage in Morocco of being a cradle to grave producer.

I would be more than happy to crystallise our current assets and fully explore our remaining licences, before we take on more, unless it's a circle type deal ( for which I doubt ) as the market has now changed considerably.

The SP will eventually begin to reflect our worth, patience!

Gla

Should be a blue finish, in fact, it should have been a blue day all day today !!!

"I would like to know what the issue was ..."

I would think you will find it all revolved around the Arab Spring and Mr Morsi being deposed by the military in 2013.

Long one at that !

nm

placing or about to rocket ..... someone clearly knows imo