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Yes I can imagine Sundance.
Ducati put up a similar article last week.
Regassification of LNG is hellishly expensive and paying 2 million euros on top to Spain for the privilage cannot be sustained.
Sound Energy's opportunity to feed the pipeline with internal gas must be very attractive proposition to Morocco right now, Let us hop[e that this new reality opens doors really quickly and gets the investment ready for Phase 2 and the pipeline build. It will also make the rfarm in proposition far more attractive if there is a route to market for the gas.
Can you just imagine for one nano second of a mustard seed burp if one of our wells hits the spot .
https://northafricapost.com/65548-rabat-madrid-foil-algerias-gas-blackmail.html
You see Crude that post from KTF has very accurate information and I totally agree with him/her as its not about that you sold and made money,I will say well done you had the fortitude and discipline to do what everyone on here wished that they had done the same thing, it's about that post criticising whatever GL is trying to do now as for some , including me,its the last go at the bull's eye as if this doesn't work then all the books that I have read about investing that tell you never fall in love with a share turned out to be true that's what has sparked this debate about you and you can wish everyone well as much as you like with their investment it means as much as a pork chop in a synagogue
I also had a meeting with Parsons, and I also found him to be affable and polite I also, within the first 5 mins of the lunch realised from his body language that he was never going to tell me the truth and I had that slime Traynor sat next to me as well and he practically slithered off his chair with b/s.After the lunch was over, I said my goodbyes and thanked everyone but I totally regret it now
I have no doubt in my mind that Parsons didn't tell you anything, didn't sit you down and say, sell now, Crude or you will lose the lot as I have sold over a million shares so far or buy more vas there's news, no KTF is right that's illegal, no that's way too easy to say.Its a glance and nod and remark or breath of circumstance that you came away from those multiple lunch hours or home visits with either a bad feeling or a good one and you either bought or sold on those feelings ,you most probably didn't even know you had .
Meetingt a CEO on an official investors meeting is ok but in private is not ,you shouldn't of met him privately or and the very least told everyone about it and most of all to compare GL with Parsons felt like gargling Tobasco sauce
crude - you will never persuade many posters that you didn’t receive inside information, most people don’t believe in beneficial coincidences.
Likewise, you will never admit to receiving inside information as that would amount to admitting a crime.
And to be blunt, selling £60k worth is hardly earth shattering is it?
Let’s not this distract from the main point that sound is a much different company now with significant potential.
testpack, when I first invested in Sound, Gerry Orbell was CEO & I made a point in establishing a contact with him. As it happens he lives in a lovely little village called Storrington, which is very local to me. We met at a Pub & had dinner & a chat. After the affable Orbel was deposed in a boardroom coup the even more congenial Mr Parsons was elevated from CFO to CEO. So I made a beeline for the new 'Major Domo'. He knew who I was & was keen to connect with his shareholders via a useful conduit such as me. He was new at the job & I fealt he liked having a shareholder to talk to. We did meet on many occasions for drinks & lunch culminating in his asking me to give a sharholder chat at the Shard, something I still feel much pride in. I also participated in 2 trips to Morocco & attended AGMs & events. I have been to HQ several times & got to meet up with many staffers. This I did off my own back looking after my interests, but also trying to get a 'feel' of the mood of the camp. James was never one to let anything specific slip off the tongue...but faith, conviction & belief in the Company was always guiding our conversations. I fealt him most sincere & if guilty of anything it may be over- enthusiasm, excessive ebullience & exuberance. He wanted to find hydrocarbons in Morocco as much as any shareholder.
I can't speak for what James Parsons has dome since leaving Sound & I hope the AIM hasn't corrupted him beyond the person I knew to be genuine, hard working personable & enthusiastic. He tried his best to reorganise the Company after the avalanche of shares that dear old Gerry had landed us with. No one complained at the time of Jame's 'innovative' debt restructuring & of course no one minded when the shares skyrocketted! From 6,p to 66p in that initial run back in 2011 (if memory serves). Then again we had a big increase ((post consolidation) to £1.04, this represented a huge rise from a very low base. Shareholders had the chance to make huge gains - not just once, but twice. Admittedly I missed the first 'Nantucket Sleighride' because I was so enamured of the Company...but once bitten twice shy. When it happened again I was not going to miss out! I sold when the share slipped from £1.04 to 89p. I saw the writing on the wall & had been there before.
In short, I enjoyed every last minute of being a Sound investor & had a great time. But there's nothing more than that to tell so tedtpac, move on, there's nothing here to see...unless you are one of those 'conspiracy theorists'.....
Good luck & best wishes to all!!
Crude
we are certainly due a lot of news. Any one good piece should push the sp to a new level.
several good pieces and it all gets very exciting.
Cheers KP, must look closer on the phone.
Hopefully news before the Q&A.
Ducati - that's the uncrossing trade (UT)
23-Feb-23 16:35:28 1.90 950,000 Buy* 18.05k UT
Roll on a positive RNS......nice 18K buy.
https://twitter.com/soundenergyplc/status/1628727145798172673?t=5iqrj4UCaF-zqchwvHEx_Q&s=19
Well put testpack
The Failures no. 1 disciple makes another appearance. I think age has wearied him. ' there was never a leaky ship'. No , it was you that delivered to us the meanings behind The Failures statements, and sometimes his policy. You were the unofficial RNS. Of course, you are going to lie and say that you never did, and ask for proof. Unfortunately, those posts will have been deleted by this time.. I remember the debate over the value of gas. You were the one that delivered by post the words from the Failure that the figure of $27 (?) included the value due to the other stakeholders, Schlum, ONHYM etc. I still believe you were tipped off by your Master when to sell. You enjoyed largesse at private dinners with him, and co events, getting drunk as usual, at SH's expense. And I bet you are very proud of yourself. Did you invest heavily in Echo? Take your time to answer.lol.
For anyone new to SOU this polemic must read like bitterness. Why don't you no. 1 Disciple tell the newbies your relationship with The Failure.!
Hi Crude.
Good to see you are still hanging on in here, like myself.
Let’s hope we get back to the same dizzy heights we were once at.
Appreciate your comments, Scarf.
Crude
Hi Crude, it was how you used to crow about your relationship with Parsons. It gave the appearance, to me, at any rate, of a personal association. First names. Phone calls. I may be wrong. Apologies in advance if I am. Its that I consider he is dishonest... Based on numerous events.
You were either too blind or stupid to see it, like I was at the time, or complicit. I can recall you saying, that you didn't feel you'd been conned by him. Nice bloke and all that. GLA. That includes you Crude.
Sundance, Dave, & all the rest of you: let's get one thing straight. There was never a so-called 'leaky ship' regarding unofficial information. As hard as I tried I never once was in receipt of information that wasn't publicly available.
Yes, I made money, but only from being astute & having the constraints of a mortgage that was almost at the due date with over £60k outstanding. What would you guys do if the sp reached an unprecedented £1.04 & was falling back into the 90s? I sold a chunk & did what I had to do. We are all here to make money but I have a chunk left behind that is languishing. Money that isn't earning is like having staff that aren't working - unproductive & a useless waste.
BTW Dave, I'm no fool & I do realize this is AIM. Over the years I've seen so many companies & CEOs promise much & deliver nothing. You all know this is a casino. I'm not so-called de-ramping, I've still got skin in the game. Why do you guys think that Premiere League Managers get sacked on a regular basis (including my beloved Leeds Utd)...because they don't deliver. I'm not lazy when it comes to facts, I just have more important things to concentrate on these days. Anyway, like I said, nothing would surprise me more or excite me more than success here at Sound. More than most I have been the one that was encouraging & upbeat about our prospects & no one here should doubt my ultimate loyalty: I'm here until we are successful in Morocco!
Crude
Many here like myself, have been in over 10+ years and most didn`t have the good fortune to get out when you did, paying off your mortgage with some sort of crystal ball intuition. I really find it strange that someone who obviously made good money here, now slates the company`s progress and BOD., you must have skin as thick as a rhino and whatever little credibility you had here has certainly gone south. I regret many times not following my gut feeling and getting out, but that`s my fault and I`ve been averaging down ever since, because my belief is that things will be different with Graham in charge and I`m still confident of that outcome, if I get it wrong, then I won`t be bleating on about it and will move on, as you should have done, if all you can say is non sensical drivel. GLA
Parsons great actor earned millions like Brad Pitt….
Best films,
From Fight Club and 12 Monkeys to World War Z and
MONEYBALL .. ????
I Got out as the Money Ball started falling - Love Parsons great actor still acting like Brad Pitt ????
Unless Graham pulls a rabbit out of the hat, I expect a share issue of c. 250 million shares in the coming weeks, as follows:
Cash flow déficit for 2023:
G&A expenses (Apr-Dec): US$ 3.25 million
Bond redemption in Dec23 (5% of the outstanding debt): US$ 1.25 million
Interest payment in cash in 2023 (2% per annum): US$ 0,5 million
Total cash flow déficit in 2023: US$ 5 million
Share issue price: US$ 0,02/sh (c. 10% discount on current price)
Total shares to be issued: 250 million
This calc doesn't take into account the eventual obligation to pay US$ 2,55 million of tax already judged by the morocan court, and subject to appeal. In some jurisdictions, the payment of the tax is a condition to appeal.
Regards
Fernan
RNS Number : 7246Q
Sound Energy PLC
22 February 2023
22 February 2023
Sound Energy plc
("Sound Energy" or the "Company")
Block Admission Update
Sound Energy, (AIM: SOU) the AIM listed transition energy company, provides an update in relation to the Company's block admission arrangements (the "Block Admissions") in respect of new ordinary shares of 1 pence in the Company ("Ordinary Shares") which may be issued as a result of exercises of existing options.
Block Admission Interim Review
Pursuant to Rule 29 of, and Schedule Six to, the AIM Rules for Companies, the Company provides the following notification regarding its Block Admission.
Name of the company:
Sound Energy plc
Name of scheme:
Nil cost options awarded to employees of the Company to subscribe for new Ordinary Shares in the Company in respect of 2020 and 2021 annual bonuses (the "Options"). The issue of the Options was announced by the Company on 3 May 2022.
Period of return:
From:
13 May 2022
To:
21 February 2023
Number of unallotted securities not issued under the scheme(s) at the start of the period:
20,236,628
Plus: The amount by which the block scheme(s) has been increased since the date of the last return (if any increase has been applied for):
0
Less: Number of securities issued/allotted under scheme(s) during period:
3,424,044
Equals: Balance under scheme(s) not yet issued/allotted at end of period:
16,812,584
Number and class of securities originally admitted and the date of admission:
20,236,628 - 12 May 2022
Name of contact:
AMBA Secretaries Limited, Company Secretary
Telephone number of contact:
+44 (0)20 7190 9930
For further information visit www.soundenergy,com, follow on twitter @soundenergyplc or contact:
Vigo Consulting - PR Adviser
Patrick d'Ancona
Finlay Thomson
Tel: +44 (0)20 7390 0230
Sound Energy
Graham Lyon, Executive Chairman
chairman@soundenergyplc.com
Cenkos Securities - Nominated Adviser
Ben Jeynes
Peter Lynch
Tel: +44 (0)20 7397 8900
SP Angel Corporate Finance LLP
Richard Hail
Tel: +44 (0)20 3470 0470
Gneiss Energy Limited - Financial Adviser
Jon Fitzpatrick / Paul Weidman
Tel: +44 (0)20 3983 9263
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part
From the man who knew everything to the man who knows nothing. Quite a turnaround. I cannot begin to understand your motive for that post. To spout the rubbish you did apparently unaware of the progress which has been made was a spectacular own goal! I find your claim of ignorance of our progress to be a pill i cannot swallow. Your praise of Parsons is sickening. I dispise that man and wish him nothing but ill!
From what I remember you cashed out a lot of money when this was high so have no reason to feel hard done to by this share.
I wonder why you cashed out with being such a staunch supporter of JP and him promising many multiples of even our highest price of £1
Crude …… Parson’s ……..credibility ……..definitely shouldn’t be written in the same sentence! Imho
Well it looks like you have been missed Crude. Hahaha.