Member Info for telegraphist50

Lots going on in the background, hopefully we'll get a (decent) 'deal' soon, before Christmas would be a nice present!

Is coming along, I make it we're on day 117 of what was supposed to be:

“The well is anticipated to take up to 90 days to drill and complete,” its board explained in its statement.

I presume even though we're suspended, they still have a duty to inform the market about these things?

That's cheap, I'd prefer them to be paying 33p like the rest of us!....;)

Yep, would love to be wrong but I can't see anything like that SP this year and maybe never. If I am wrong, I'll be a millionaire. 100-150 I think is much more achievable this year if the deal is decent.....;)

Indeed, that is my thinking too, I have faith in PW and the company. My response was to jag11's question to maestro1 'Is this a bad deal for shareholders in your eyes' - nobody could answer that question currently surely (save for PW and a few other 'insiders') but certainly not us on these bb's but I'm in the 'positive' camp that this will play out well for us shareholders.

Unless possessing physic powers, I'm not sure how anyone can call this a good or bad deal presently. The jury is out until we know the detail.

Visited Mbeya (wasn't Wednesday touted as the day) and if he did, what he did there? I can't find any information about him visiting....

Well, for better or worse, we're locked in now until suspension is lifted so I've got everything crossed that it's a cracker of a deal (particularly for us existing shareholders)….good luck to us all

Lurker, I fail to see the link between my post calling into question your statement that the market has a habit of valuing companies fairly (I don't believe it does) and your abilities as a consultant (which I know nothing about). The next question is purely rhetorical; Is there anything that you're not good at and anything that Kibo are good at? Your conceit does amaze me and on that note, I'll leave you to your musings.

Hopefully it won't turn out to be bonkers, bonker!....;)

I'd wait until the terms of the deal before deciding whether you've been lucky/unlucky AP - you may have just dodged a bullet!....;)

You talk as if the market is an all seeing sage. It isn't, it's primarily driven by sentiment and as for the market having a habit of valuing companies fairly, that is plainly absurd. There are endless examples where SPs' of companies, often huge companies, oscillate wildly based on nothing. In 2016, I watched countless mining outfits SPs' crash, I followed Anglo American closely and it went from £20 to £2.50 in the space of a few months. I missed the absolute bottom but did pick up a wedge at £5, £4 & £3 as the 'market' had clearly lost the plot as investors panic sold. Within 6 months, the SP of Anglo was back north of £15. Lets not kid ourselves the 'market' knows anything, it is not an entity, it is simply the manifestation of buyers/sellers actions and the example above is just one of hundreds of similar stories that play out on the market each year.

logic would suggest a deal will be done. It not only achieves Polish government objective of nationalising what they see as important assets (as KF mentions below), it also puts to bed the issue of being taken to court by PDZ. I just hope any 'agreed' price is fair to shareholders!

This is the best from the Shareholder Letter released on 11th December 2015

Mbeya Coal to Power Project
The Mbeya Project is seen by the Tanzanian Government as a key part of its strategy to address the country’s increasing power demand in line with rapid economic growth. We are therefore pleased with the progress achieved over the past year. The completion of the Mining and Power Pre-Feasibility Studies established project fundamentals, across all technical, financial and operational aspects, surpassing those indicated in an earlier Concept Study. Coupled with the signing of a Joint Development Agreement with China based SEPCOIII and the appointment of Tractebel to conduct the Power Feasibility Study, the project is now in Bankable Feasibility Stage, with scheduled completion and Financial Close during Q1 2016, construction commencement in H2 2016 and the first power delivered to the grid in Q1 2019.

This didn't happen 'yet' but the rumour hasn't gone away

I'd much rather this expedited process than the alternative, slower one!....;)

I'm not expecting them to have it all agreed by the end of the month based on previous experience here. The last time I remember Kibo & Sepco setting timelines back in 2016 with regards to agreeing Sepco meeting the development costs with regards to MCPP, Sepco paid about a week after the first 'deadline' of 31st of August 2016 passed (money was confirmed as sent on the 5th of September). The first deadline of agreeing the development costs was set at 23rd of September and that was subsequently exended to the 14th of October. They beat that deadline by 1 day, agreeing the costs on the 13th of October. That was just for cash with no investment in Kibo. As they're now discussing a suitable investment/buy in price for a significant portion of Kibo, I'd expect these 'negotiations' to be more difficult, particularly (as far as we know), it's not yet clear if Kibo will get it's necessary licences/agreements to progress the project, which I would think will have an impact on the perceived value of that investment, but I am more than happy to be wrong. I'm hoping for everything to be buttoned down this side of Christmas, and anything else is a bonus....long & strong....;)

nice one - cheers for the 'heads up'

Taking a hit last thing yesterday and again this morning, presumably some noise coming from somewhere?

Yep, agree with that Urraca and for skilled and/or 'lucky' investors, it can work out well. The 'opportunity cost' for those of us who have held SDX over the last 12 months or so has been quite high but we don't know if/when the re-rate will come and there is the dichotomy and with my limited skills, I'm just not going to take the risk on the rump of my (SIPP) holding. I do play around a bit with my ISA funds but that's more for beer money than big returns. Good luck to all SDX'ers whatever their strategy, hopefully in a year or two I'll be able to change my Croda story to my (successful) SDX story!....atb