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"It was obvious from the day of the Q &A that there was going to be more delay."
Agreed. Expected the sp to be taken down, but it has held up pretty well and likely stable through April. Exited at 1.75p. Time to buy back in. and wait for funding completion. What price am I going to be paying? 1.75p. DOH
for the umpteenth time testpack - I was NEVER an apologist for JP.
did he over sell the company? yes in my opinion.
did he break any laws pumping the company whilst selling? possibly, but he will never get punished if he did.
did he act immorally whist at the helm? in my view yes!
by the way, constantly using the moniker 'The Failure' for JP is a little juvenile, don't you think?
as to being in profit, I am. I have just over a million shares with an average of 1.5p. I bought a few thousand worth at what turned out to be too expensive (unlike some idiots I didn’t bet more than I could afford at the top, so consequently have cash to buy more and do more important things). I have repeatedly bought since (as reported at the times) generally in the £500 - £1000 per month depending on how much spare cash I have and what the price is doing.
do you believe me? I couldn't care less. But the basic premise should be clear even to you.
btw, you can't remember any sales as there haven't been any! Yet.
KTF. I can't remember if he posted a price target 'back in the day', what I do know is that he was no. 2 disciple in being an apologist for The Failure. His comment that he is 'still in profit' is laughable. I remember him having ' cheeky little top ups' at every price up to 80p. With his admiration for The Failure I can't remember any cheeky sales. He's still here trying to recover losses, like most LTH.
further - I'm in profit here. I wonder if ps (or you, or any of the other negative posters) are?
love you too.
I never gave ANY price target!
I have my own target and it never was or is £5
KTF - Trellis was posting at the same time as PS back in the day. PS was also extremely positive on SOU while Trellis was asking many questions that many posters, yourself included, laughed at and continued the £5 per share rallying cry.
As usual, you’re talking rubbish.
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.