More Malcy | SDX:CA Message Board Posts

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Msg  1600 of 1601  at  11/14/2022 10:15:49 AM  by


More Malcy

I’m afraid that going forward as they say, announcements like this just do not coupe the moutarde. The disaster of the behaviour of some of the major shareholders in the last 18 months has resulted in a new shareholder base and some management changes, whilst these are good they don’t go far enough and there is much still to do at SDX.

This means a cleanout of these Augean stables which I am sure that Jay will do, for a start it needs a big hitting CFO with the ability to raise proper, and I mean proper money as well as a strategy to completely change the asset base.

Accordingly this RNS about a couple of wells, whilst good in their own right, does not signal anything pertinent for SDX in the future, any recommendation on the shares must be suspended for the time being, but if investors are looking for a signal it is the appointment of Jay Bhattacherjee as Chairman, he is not there to cling on to old SDX.

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