George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
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I have never seen 37,465,000 O trades in one day, on any share I`ve been invested in, should be an interesting day tomorrow. GLA
What does one say about today? Great news for the company, cannot deny that Graham is solidly delivering on promise!
54 million traded, 6% drop? WTF? How do you begin to make sense of that? If you bought in on the mid-April operational update on Phase 2 financing, you are down 50%?!
Still, at this price has to be a potential multibagger for any brave soul willing and able to take the plunge. Not going to know until the dust settles from Phase 2 financing and the final dilution picture emerges. I still find it hard to believe that's going to be this year -- Attijariwafa is only a part (an important one!) of what sounds like a labyrinthine arrangement. A lot of other pieces will all have to line up and be triggered together.
Thanks Ducati2, glad you showed the O trades, which roughly came out as 25,000,000 today, which is certainly a lot of shares, always smells. GLA
jesus
I know people have been burnt here and I`m the same, but now we have a different team running the business and the prospect of a decent return is really coming through. Great news today on the financial front, with a bank that is partly owned by the Royal family and with the government pushing to get this moving, because of a desperate need for gas and in the present world climate, we have a proven supplies and with further exploration, who knows where it will go. The technology has moved on and we are in the right place at the right time, so I personally feel a lot happier with my top ups, even though today was totally manipulated. AIMHO GLA
23-Jun-22 16:38:38 1.454 12,500,000 Unknown* 1.50 1.55 181.75k O
23-Jun-22 16:04:45 1.52 2,000,000 Unknown* 1.50 1.55 30.40k O
23-Jun-22 16:37:22 1.45 6,800,000 Unknown* 1.50 1.55 98.60k O
23-Jun-22 16:36:21 1.45 3,200,000 Unknown* 1.50 1.55 46.40k O
Expecting more.
That's just someone booking out a sale trade after the market closed
Time: 16:38:38
Trade Prize: 1.454
Qty: 12,500,000
wtf, some serious price manipulation going on here, if there's an RNS and price jump tomorrow, you have to start asking if that isn't a little bit fishy, alternatively if that was a sell, then you have to ask where the price is going tomorrow
This has been played with today and hopefully leading up to the AGM, things may look a little clearer going forward. GLA
On news like today theres no way this share should be dropping. There is some price manipulation going on today, and this is highly likely to multi bag from the current low price.
Crazy hey..........?
those looking to get in lower is more realistic IMO............! :)
All the best (but shock drops happen......! :()
The SP is dropping like a stone but people are talking about multi-baggers. Astonishing!
Hi Ducati.
Thanks for your educated response.
I don´t think the 4 bagger you mencioned will ever happen. As I said in a previous post, SOU will have to make a US$ 60 mm equity contribution to develop phase 2 of Tendrara. And it doesn´t have that money. Then, whoever provide the funding will take a substantial equity interest out of SOU.
The real upside is in the exploration side of the business.
If SOU can fund further exploration out of phase 2 operating cash flow, we can have something interesting here.
Let´s see what happens with the current farm out process for the 3 appraisal/exploration wells.
Regards
Acrophobia........!
is all........!
All the best (I looked it up....! :()
To catch that 8.5m trade……
Someone is shedding millions of shares and has been for days now….
shareprice just slid straight to 1.53
I´m not a doomsayer, I still think there could be a chance of significant upside from exploration.
But, being realistic, and after taking into account that SOU has no money to develop phase 2 of Tendrada, I don´t expect substantial upside from this project.
Regards
From today´s news release:
Total project value: US$ 330 mm
Debt funding: US$ 250 mm
Equity funding: US$ 80 mm
SOU´s required equity contribution (75%): US$ 60 mm
Whoever funds the US$ 60 mm (equipment vendors, farm im partner, etc) will substantially reduce SOU´s equity interest in the project.
Regards
Well aware of the SP Angels forecast and your previous posts with regard to the SP, good information and thank you.
So without any changes to Sound Energy forecast as just posted a 4 bagger, what happens if we get a deal to drill the 3 x well programme !
Sometimes just sometimes things change and the SP Angels forecast will require amending either way.
What made you invest Fernan10!
Keep dreaming.
Regards.
I doub it.
SOU has no money to pay for their equity interest in the project.
They will have to substantially reduce that interest.
The "REAL UPSIDE" here will have to come from exploration.
If, a few years down the road, SOU reinvest the annual operating cash flow coming from Phase 2 in exploring new prospects, and discover 1-2 tcf of gas, THAT will have a profound effect in the share price.
I think news about the potential farm out of the 3 wells exploration package that SOU is currently offering will be very telling about the real value of the exploration assets.
Regards
An that is with no value given for massive exploration potential or Sidi Moktar.
I think we will see a rerate when we find out who our partners will be for exploration wells.
Imagine the price When SBK is spudded.
So nearly a 4 bag then?
According to SP Angel, all the items you listed below have a NPV of c. US$ 200 mm (see page 2 of last report). Divided by, say, 2.5 b shares (yes, SOU will keep issuing shares), the target price for all this stuff is US$ 0.08/sh, or 6.4 p/sh.
And this target price assumes no significant dilution in SOU´s equity interest in the Tendrara production concession (a big if).
Keep dreaming.
Regards
___________________________
Phase 1 Micro LNG Development - Sound fully funded for share of development costs
Deployment of field gas treatment, processing, liquefaction and storage facilities to deliver mobile LNG to buyer at site. The LNG buyer will distribute and sell on to its growing Moroccan industrial consumers within the domestic gas market.
Supplies of LNG are to be an annual contractual quantity of 100 million standard cubic metres of gas (approximately 4 billion standard cubic feet of gas per year) over a ten-year period in a liquid form.
Binding gas sales agreement and associated funding in place with Afriquia Gaz*. A ten-year commitment from first gas to sell annual contractual quantity of 100 million standard cubic metres per annum with take or pay agreement priced at $6–$8.346 per mmBTU ex plant.
Development utilises the existing well stock of TE-6 and TE-7, with additionally the drilling of one new well as required to maintain the ten-year period of production plateau.
Gas as a transition fuel flowing to the GME pipeline
Phase 2 Tendrara TE-5 Development
20’’ inch, 120km Tendrara Gas Export Pipeline ("TGEP"):
Tie-in to existing GME pipeline (Station M04): FEED completed by Metragaz (EMPL operator)
Pipeline EIA permit approved
70 mmscf/d raw gas CPF processing capacity: FEED completed by Enagás Consortium
CPF EIA permit approved
Gas Sales Agreement ("GSA") with ONEE (Office National de l'Electricite et de l'Eau potable) signed November 2021 for domestic power plants for gas-to-power generation (transit via GME line), minimum volume of 0.3 bcm/year
Six horizontal wells planned for First Gas (Phase 2)
With the oil and gas Majors now Cash rich, anyone for 25% of a future development supplying Morocco and potential Europe. Dreams............
This is indeed very positive news. Also with this bank being owned by the Moroccan royal family i am persuaded to believe the tax debt will disappear.
However, i have to ask what will it take to shift this SP. Up 3% on news of this magnitude? Still there`s no denying this is a huge step forward for Sound. Importantly within the Moroccan banking system. My cup might become half full