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oh good grief, is that idiot ps posting again?
filtered him years ago.
it will be the usual negative BS.
I guess when you are forced to delete all your old posts and your old username because of alleged slander you might be a little bit bitter.
anyone want to guess what month and year old trellis started posting? Posting Since 2003 06 :)
how's the old 'teachers for China' business going old chap?
Rhetorical, as I will keep you on filter.
Absolutely spot on Mr ps , to say its getting old now is such an understatement, you get a little bit bored with the whole boring story and simply want to read a new book.I am too deep now to sell as I think that I may get at least 1/4 of my investment back,sure Lyons talks the talk and sometimes walks the walk but just round the corner will be there same old same old " we are flat out working for investor return " now that's a yawn and you explained it perfectly
The April extension is probably to line up with the fund raise that SOU will need by then. Every positive RNS for the past several years has been accompanied by a fund raise, more dilution, and a gradual drift back to the doldrums. Every RNS and random share price fluctuation is greeted by posters (who ought to know better by now) with witterings about SOU being a "leaky ship". And yet, even with phase one funding in place and construction half completed the share price has been dragging along the bottom for three years now. There is only one truism about SOU both during and after the Parsons era -- they cannot meet a deadline to save their lives and going a year over on a six month project is not remotely out of the ordinary. Three quarters of the original value of the horst has been frittered away by dilution needed to keep the lights on. For now, the wheels are still turning but how much air is going to be left in the tyres when revenue finally flows? Most exasperating company ever.
I’m pleased our Graham hasn’t given him an interview, that shows sound has moved on . Gla
Dont sugarcoat it or even hold back Goza,tell it like it is why don't yer
But seriously, has anybody noticed that he mostly comes out with stuff a few days after a good RNS but almost immediately as soon as a bad RNS as after a good RNS he has time to see what the clever money on various BB,s are coming out with where as bad news is easy to explain.
He is a fat, slimy useless toad!!
Malcy has a habit from past experience of gleaning as much technical information from posters that seem to know what they are talking about ,eg KTF, Southmead and others on here etc and on various BB,s then write his plan on whats happening ,full of it doesn't even start to describe his forecasts
I’m gonna hold you to that pint Jonny
GLA
D2k
Two James Bond films have been filmed in Morocco, The Living Daylights and Spectre.
This is the 3rd Staring Graham Lyon as James Bond.
It’s getting so exciting Buy Buy Buy. Before it’s a SELL OUT !!
It was obvious from the day of the Q &A that there was going to be more delay.
It’s getting there. We’ve held for long enough, I just hope we are all still here to enjoy some reward. My holding is nowhere near the same as some of yours but my average is now a realistic target. No more mortgage and I’ll buy you all a pint. GLA
https://twitter.com/soundenergyplc/status/1635963200783908865?t=Sly3moonpKAfa-Wip5YUPQ&s=19
This seems to be further good progress from Sound who are clearing all the regulatory hurdles before final approval of the senior debt. Some inevitable parts of the diligence have taken time and I understand all is comfortably in hand.
With a modest delay for Ramadan I expect this funding to conclude pretty swiftly after which engineering and technical developments and other non financial matters will be ready to go ahead before the FID announcement.
It has not gone unnoticed here that Sound has recently had some challenges with the local tax authority, given that curious philosophy it is understandable that banks are paying a close eye on restructuring.
In the meantime I am confident that Sound are well on the way to completing the new Tendrara project. With that under their belt I can see the stability and growth in the share price as investors appreciate a real turnaround situation which should see the shares rally back towards 3p.
you think it's negative all you like and even better if you sell, as I want to buy more but funds not available until the 24th
I awoke this morning thinking I was suffering from vertigo as was a bit dizzy, but think it may just have been from all the positive spin on a neutral to negative RNS.
Another missed timescale deemed positive.
The more I think about and discuss this the more I come to the conclusion that if I was to be looking at providing $100million + financing to a company I would want to make sure any outstanding demands on the company were dealt with up front as part of due diligence, and as we've been told, this is all now complete.
Signature right after Ramadan and the next credit committee meeting?
I think so.
Interestingly Ramadan this year runs 20th March to 21st April. Nothing of significance gets done in a Morocco during this time, so in effect the ‘delay’ is actually only 2 weeks!
They must be very very close to say ‘we’ll get this done a week after Ramadan’!
keep trying :)
When Sound raised equity last time in June 2022, they wrote the following "be sufficient to continue to advance the Company's projects and meet the Company's present working capital obligations through to April 2023".
So I wonder how they will fund it self until the Phase II financing is complete.
It all looks very tight.
On another positive note, at least we haven't got the bank of America providing the financing for us!
Looks like they have paid particular DD to the taxation element of the financing, which may have delayed the signing, knowing we are waiting an outcome on our pending tax liabilities, as they won't want future problems in that department Hopefully , when and if signed, they must be happy with our ongoing tax appeal, and we can all move along in peace.. Fingers crossed!
the point of all RNS is (or should be) to allow intelligent readers / investors to read between the lines.
It’s part of the fun.
Intriguing reference to “the parties have now moved on to more detailed financial structuring of the proposed Financing, particularly in respect of taxation”
Now, what are the tax implications of a loan to fund Phase 2 development?
Or does this refer to the bank wanting the tax demands out of the way? If so, we would be looking at a realy big announcement within 6 weeks.
All those big lloooooooonnnngggg words ,all to make that feeling and sense of well-being and comfort to stay and not be sent off down that road of disappointment that I am so familiar with now with Sound , why not just two words for that RNS ,errrrmmmphhh let me think , ahh yes " Finance Ongoing ", as it has been said at least it didn't say its all off ,we ain't got a snowballs chance , so we wait ,and wait and wait
Hardly the sell off some were hoping for!
A 6 week extension is very telling. I would anticipate signatures well within that period.
If there were significant outstanding issues we would be looking at another 3 Month extension.
All legal and technical due diligence done!
Despite the 6 week extension, its certainly true that this could now be signed off much sooner.
This still leaves a small window of opportunity to buy cheap shares here as a re-rate is on the cards once the Phase 2 funding has been confirmed.
Positive stuff!!