Member Info for shakeypremis

Ah, the market is closed isn't it haha. Dufus.

Can't get quotes to dummy buy or sell at the minute.

Of course SDX will have to start spending it next year with the work programmes they have planned. Edison's YE 2021 cash forecast is US$25.8m. That does not include expenditure for SDX's South Disouq exploration plans. But you'd think that they might end 2021 with at least 2020's year end cash figure.

If SDX do actually end the year with US$16.6m of cash on the balance sheet (as per Edison's latest note) then that will equate to over 33% of SDX's current market cap of US$47m.

Looks like another two years of waiting and a pathetic share price lol. Although increasing cash on the balance sheet may give some support.

Interesting that Edison expect net-cash for YE2020 to be ~US$16.6m. Although they've been wrong about net-cash positions before.

"While we expect SDX to continue to recycle much of its FCF to grow both organically and
inorganically, over time we see the potential for the company to also distribute some FCF back to
shareholders as dividends. The company has not yet established a dividend policy, but based on
SDX’s firm exploration and development commitments (shown in Exhibit 4), including Hanut, Warda
and Mohsen, we see the potential for the company to pay a dividend of c $10m pa, based on a 40%
FCF payout assumption (Exhibit 10). This unrisked FCF projection and associated dividend is the
equivalent of a c 20% yield at the current share price and could be payable from 2022/23."

Interesting. This is big picture thinking that AIM punters just don't think about and can't wait for. Imagine the share price growth that would result if they did end up doing a sustainable 20% dividend at current levels.

Thanks for the heads up.

"In an enviable position in the sector" - lol you wouldn't know it looking at the share price and interest in the company.

https://www.edisongroup.com/publication/in-an-enviable-position-in-the-sector/28547

Suggest you go elsewhere if you can't even see where the value is already being generated here, let alone wait for it to be reflected in the share price. They have consistently increased the NPV of their reserves by more than they have spent developing them. If Hanut comes in their reserves more than double. This is exactly the time where an investment should be made in this company, where is is trading well under the NPV of its reserves. Not when it was 60-70p and you were all buying on hype. For instance, I increased my holding here by a third when it was 12p in March this year. I am up nearly 50% on that tranche. I have also added some extra at 16p.

He didn't quit, he was given the boot. Although it was not announced as such and made to look like it was voluntary. He and the previous CEO of Waha Capital (SDX's largest shareholder at the time and still to this day), who was also on the board of SDX at the time both had to walk the plank by the looks of things. Squelch had to go for massively overpromising and underdelivering and possibly also intentionally misleading shareholders, including Waha.

Southmead, is that trebling with IPR participation or without it? I would assume without? We STILL don't know if IPR will be participating. We should have been told by now. I thought the deadline had passed at the end of October.

Regarding Hanut, I guess if it comes in, SDX will be after the concession adjacent directly to the East. Hanut seems to extend in to it. SDX have mentioned they are looking to acquire adjacent concessions to South Disouq. There are other actual discoveries in SD that appear to possibly extend in to adjacent concessions.

If you haven't seen this then I suggest you watch it.

https://webcasting.brrmedia.co.uk/broadcast/5fad284cbe1fd642a3ef0f4d

Set's out just how transformational Hanut in South Disouq could be. Transformational in terms of reserves first, maybe yearly cashflows too if they decide to upgrade their CPF.

https://www.brrmedia.co.uk/broadcasts/5fd24bf1ca22cd76f9d3c666/sdx-energy-year-in-review

Stop saying stuff like that! It never happens and you disappoint yourself and others and end up selling.

What makes you think that InvestorTREV?

Interesting little backtest of a downtrend upper bound and additionally tests of both the 50 and 200 day moving averages.

https://tvc-invdn-com.akamaized.net/data/tvc_93d29385671ff068b55ce213037f40ab.png

Bounced hard off all three. Knowing how SDX trades, a surge up like this on low volume is usually taken back down almost all of the way. We are however making a series of higher highs and lower lows. Let's see if it continues.

No.

70p at that stage overvalued it really.

Hanut is in South Disouq, there is demand for the gas if they find it (it all gets bought by the State). The CPF can only take around 60mmcf/d throughput but the trunkline it goes in to has spare capacity. So SDX will need to upgrade the CPF in order to sell a greater rate of gas per day if Hanut comes in. I think perhaps you are confusing South Disouq with Morocco where customer demand is an issue

Perhaps not pennies on the dollar, but say 25c or less in the dollar lol.