Andrada Mining acquisition elevates the miner to emerging mid-tier status. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
A couple of modest buys this morning. Then another two 175k sells. Seller still here and has ammo ...
11p deal was great because tenaz went on a rally after that so one could have recovered close to 20p a share.
Anyway this should get close to 10p once deal done and citix agree to offtake this month.
Ut trade push sp down.
Update is imminent.
I voted against the previous 11p deal. I now admit i was wrong to do so.
However, I would also vote against a 7p deal.
I see no news yet. What a surprise. I think those trades are buys legache. Prob Littlened averaging down. Aleph lining up a takeover around 7p coming soon.
Wish this seller would just do one. Months of small sells nail the share price down. Boring.
No rns, looks like deal will go through just some delays.
Inclined to agree, Mastro.
If we dont hear anything tomorrow the deal will happen, "the large operator" would have told sdx their intentions by now.
Imho document will have already been created and if the large operator wasnt going to buy we would have been told by now.
Egypt has his issues, dollar issue, on the israeli border and they had elections in dec.
I believe it will happen in jan.
Tax loss selling season is officially over from across the atlantic so i doubt the large holders will be selling to cover their losses.
Onwards and upwards now.
Yes it will be subject to shareholders approval as they said in the RNS and it makes no sense to announce it will be completed before yearvend if they wanted it just after - let's face it something has delayed or derailed this sale and the company has not updated us as it shoud
Hopefully update next tuesday on 2nd january.
Yes I think SDX want the deal in the new financial year.I am not sure whether a signed deal subject to shareholder approval
is the actual deal date or not
Looks like january it is.
If deal is not happening they would have to update by friday.
I think its still happening.
Maestro.What I meant was that there was no agreed date for completion,just an expectation which has not materialised .I think SDX are remiss in not giving an update
Littlened
The deal price was more or less agreed hence they were saying the deal will be significantly higher than 75% of mkt cap.
Interesting HBR have purchased Wintershall Dea Assets with assets all over the world. They too have assets in egypt and in disouq. They partner with BP too. Interested to know who has planned to purchase assets sdx has stated its a Large operator.
https://wintershalldea.com/en/where-we-are/egypt
Maestro,SDX did not 'agree' anything,they just expected the deal to complete by Q4.SDX Egyptian assets comprise several different companies which each need to be legally transferred.Egyptian Govt. needs to approve so lots of things could go slower than expected and 'closed period'is irrelevant.SDX must disclose the deal immediately contracts are signed.I too am disappointed no further guidance has been forthcoming and have told the BOD so.Having not heard back I assume deal is imminent.
"The transaction is expected to complete by the end of Q4 2023;"
The Heads of Term was agreed on Aug 31st, i wonder why they agreed to close deal by end of q4? Maybe they hoped egyptian dollar issue may have been sorted by then..
Anyway looks like it will close in jan now. 4 trading days left now this year. Citic also plan to agree to a larger offtake for gas too.
Judging by them staying quiet, i assume they in close period.
AMC took along time to dispose asset in russia their ceo also never responded to email once it was done shareholder got their slice.
Still waiting, i dont think it has anything to do with money for the potential buyer. Sdx needs permission from egypt and also separate the egyptian asset from Morocco.
Maybe - hopefully more !! Buy even if it does the CEO has hurt his credibility by missing his first target
Still maintain sdx will get between £10m-£12m for the sale.
SmellyBen
They had multiple offers back in summer, if the "large operator" was pulling the plug we would know by now and the asset would be offered to someone else.
Sdx will divest from egypt, it will be beneficial for aomeone who already has assets in egypt. The buyer will get massive discount buying the asset from sdx.
Yes but they said before year end - twice and recently - and they will have failed - dont want to be pedantic because it could come Monday morning but trust is a key part of whether to invest in a CEO - in the past I've been in Kefi, Prem, EUA, IOG and COPL where the CEOs promise big and fail time after time - big flashing red light if this isnt done next week (PS I have had a few good ones as well!!!)
I care less about when it's signed and more about if it happens at all and what the price is!