Member Info for Urraca

Looks like the seller is finished, or at least finished at these prices. I hope its the former. I would very much like to see us at least kissing 50p before SAH2, Rabul5, and FY results are announced. 50-55 was the channel since the last placing, surely we can get back to that?

Looks like they are going to delay reporting your sell Paris, lol

Unless the mystery fifth 'contingent' drill in SD has a go for the oil?

The last definitive statement I'm aware of was on page 3 of the Dec presentation which said Rabs 1&2 were producing 1000bopd gross, 200 net to SDX.

I think this will drop further. Earnings of �11m for 2017 is now the guidance. They are guiding for higher earnings this year, but the most troubling part of the RNS for me was: "the treatment of certain costs which had been earmarked for capitalisation but are now being taken through the profit and loss account." Is this why the CFO had to go? For stretching accounting practice beyond the already fluid norms of the profession to conceal losses and inflate profits? There is no guarantee they will post earnings of �11m after the auditors have signed off, they're going to be all over this like a rash after these warnings, and the blow to their reputations after signing off on Carrillion, who were also using some pretty dodgy accounting tactics.

Hi SQ. i've just looked again, it's a bit ambiguous, I'd read it to mean that they hope to double Meseda prodn following the drills,mand including the workovers. Current prodn, 3300pd, double would be 6600, so SDX current share is around 660pd, and double would be 1320 (I'm rounding up a bit to 20%). If you are right, then the drills would add prodn on top of this. So I sincerely hope you are right, not me.

The Dec presentation said the aim was to double production from Meseda, which would be around an extra 660bopd net to SDX off the top of my head. If op averages $65, this would be almost $5m profit a year for SDX. The current Rabul drill alone won't do this, full work prog in presentation,but it will indicate whether this is achievable, or optimistic.

If they issue options to anyone they have to declare, I think. On the upside, Paul seems to be gifted at more or less picking the bottom for the issue of these options. And lets face it, he's closer to the institutional investors and their thinkng than we are. If this heralds the end, or even the beginning of the end,mof the selling, then that would be incredibly welcome.

If the old adage holds, there's possibly more to come. Even after the drop today, the company is still valued at 8x earnngs, now they've been revised down. I think the market will need to see positive evidence that the company can keep growing quickly to support even this current valuation. That's in the longer term, I have no doubt there will be a roller coaster of volatility here for a bit.

Daft is quite right that the terms here are as they were back last August. FWIW I worked for a while in BT's employee shareholder unit. These SDX awards are unusually generous. But far more troubling for me is that only two people are getting them. If the objective is to stop key personnel leaving, this suggests everyne else is dispensable. And if I were senior in SDX, seeing this, I might start talking to mates in other companies who operate more equitable share incentives. Jimmy 00 is also right to complain about cherry picking an unusually low price. A VWAP would have been mre appropriate. Anyway I was saying just yesterday that this was feeling like a dump and pump. I hope I'm right.

Okay guys, very funny, you walked it down 20% to make the first year's target pretty easy. Gonna let it go now?

If they place at this price they'll be giving it away

Sadly I'm out of investing funds at the mo. It would have been a golden opportunity to average down. I chucked my last 5 grand in when it was just over 50p around three weeks ago, demonstrating my considerable acumen at timing.

There seems to have been a bg seller in the background for the last seven months, and their pot seems to be bottomless. It's like a Beaufort P&D in reverse. No TR1s for divestment though - or have I. missed some? The seller is getting to be really tedious now.

Theoretical ex rights rice of �4.75. Didn't somene say yesterday that one of the big hedge fund shorters here had a target of pretty much exactly that? But with the rights issue price of �3.15, the takers might start flipping them around �3.46 for a quick 10%

Yes Hereshopin, I thought this might have come back to 1.70-1.75ish. Fair to say I've revised that down quite sharply given the recent further meltdown. I'm not sure it's bottomed yet. It will overshoot when it does. But We'll only know where that is with hindsght.

I had a punt here when it first dropped, frankly hoping to catch a dead cat bounce. That didn't happen and it kept going down, so I ate my loss and sold out. Glad I did now, bit I'm still watching for the turn. I ascribed the lurch down to �1 to the continued worsening of the currency position, but I'd have thought that was fully priced in now. The only reason I can think for the further weakness is the silence from the Company. Given the announcement, which was a bit light on details, and no further announcements of what they are doing to turn it around, i guess the market is fearful there is further bad news lurking. Bad news comes in threes as they say. I'll continue watching, but not coming back in until I feel pretty satisfied a corner has been turned. And that requires some company comms.

https://bitnewstoday.com/market/blockchain/how-blockchain-can-save-social-networks-from-spam/

Now more than 10 times the amount they raised. And a director called Soon Be Gone. Lol

Good spot TA. I've been watching quietly, waiting for it to get back to the 4s