Member Info for shakeypremis

Any read over to SDX?

It just means the wedge is a TERMINATING pattern, i.e. it must end and break the trend one way or the other. Down, up, sideways. As I said these patterns most often resolve to the upside however. We'll see.

*slightly more slower decline.

Haven't done one for a while so I thought I would. Noticed a descending terminal wedge. These usually resolve upwards (>50% of the time) but don't necessarily indicate a change from downward trajectory to upward. We could just go in to a slightly slowly decline.

There's a lot of resistance above the current price. Various levels that people will sell at. If they can be broken they may well become support.

https://tvc-invdn-com.akamaized.net/data/tvc_8c8ef0651b07959d0f24ef6393c2675f.png

That is still much better than it has been mind you. Recall recently a period of several weeks where you couldn't get a quote to sell any shares at all (when I tried dummy sells).

Can no longer sell everything. Buy order seems to have gone. Can only get live sell quotes for up to 70,000 shares.

They would have to find someone to sell their shares to. It's very unlikely PIs will be able to absorb all of those shares. There's nowhere near enough liquidity. They would be found out before they dumped many at all and that might spook the market. They would have to sell to a large buyer or two likely in a pre-arranged trade unless something spectacular comes out of the blue here (can't see that at all though).

Only if retail decide to buy. Looks like some entity wanted a large amount of shares yesterday. We'll see if they still want them today. What usually happens is retail sell in to the buy order and the share price goes nowhere.

Might be about to go the other way actually. For the first time in a while I can get a quote to sell all of my stock.

Southmead, you forget that US$1m/month (which I think is actually a bit higher than that anyway as that is what South Disouq should do very approximately) is only that for the next 3 or so years without further South Disouq drilling success. Now it's quite likely SDX will find more gas but the point is they don't have it yet.

Still I think SDX should certainly have a good chance of securing some debt financing.

They better not dilute the sausages out of us. Not unless we can participate.

I think you could probably quite easily exit on one of the moves up we have from time to time. No shares are available to buy and I get quotes for my entire position during these times.

When I said downside I mean for the intrinsic value of SDX to fall. Doesn't mean the share price won't go down and get silly though.

Yes it would be very hard to imagine realistic downside from here. The only real risk is geopolitical/jurisdictional.

Hopefully she continues. None of the other directors are really showing much faith at all, even at these near all-time-low prices. That's the power of options and incentive schemes I guess, no need to risk your own money.

I don't think AIM investors are aware of SDX. There are plenty of HNW's and institutional investors in SDX. It's the private investor interest that is missing and it seems to be the PI's that drive the price here.

*too

Someone all to happy to snap up 250,000 shares at 15.75p while small sellers sell in frustration and fear.

Of course there is now added risk to SDX to drilling them as they carry the whole cost in the event of failure. That deep Shikabala prospect won't be cheap to drill either, although they say they can drill the shallower Shikabala prospect with the same drill hole as the deeper prospect which should lower the risk.

He is certainly what you might call a 'sophisticated investor'. Hopefully they record this call as his question and the answer to it were very interesting.

Also noted how much additional potential there is in South Disouq.