I was thinking about this and I wonder if the only reason the deal was not done is because it would have put us in to much debt and PW decided it was to risky at this moment in time. Maybe there was a gentleman’s agreement put in place to negotiate again next year. This would explain the rather high bopd prediction for the end of next year. Just a thought/ramble.
Madpunter has collated a great archive with posts about the geology, the history, the assets, potential SP rises and most importantly (imo) a recording by pyrotech of the last presentation given by zaza answering questions on train loads of oil, ya and super majors to name but a few.
I think it’s further scare mongering. Why is it always 10m? Because they want to be noticed. Buy 10 mill shares in multiple batches then sell at a small profit and still achieve the result of fear.
For any new investors researching this company then the following thread created by Madpunter contains a whole host of valuable information including predicted asset value, geopolitical views, company history, a post from kickmuck who some believe to be an insider and most importantly(imo) a recording made by pyrotech of the last general meeting which contains vast amounts of information. There is also more so check it out.
Ohh yeh, I forgot to mention we are planning to fill that pipeline over the next 2 years which is an additional 36m dollars of cash flow for SDX at a 75% working interest.
In Morocco we have a pipeline capable of carrying 4 x the amount we are currently producing straight to market and there are plenty of potential customers identified.