Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Agree Tincan. Far happier with Graham.
"The present management need to be just as financially innovative as James Parsons & reassure investors that they still have a chance to redeem at least some of their capital."
Seriously? Take a trip down memory lane and read the RNS of 7-Jun-2018. Even before TE-9 was drilled, Parsons had the pipeline construction all sorted:
"Following a competitive process and negotiation, the Consortium [comprising Enagas, Elecnor and Fomento] has been awarded the FEED and exclusivity to finalise the funding, construction and operation for both a 20 inch pipeline and the central processing facility under a 'build-own-operate-transfer' ("BOOT") structure. "
"Sound Energy's CEO James Parsons commented: For Sound Energy and its shareholders, this innovative BOOT structure means that the Company is now firmly on the pathway to commercialising our existing and future gas resources in Eastern Morocco, all without additional equity dilution.
...
In parallel with the FEED, the Consortium will finalise plans to secure access to some US$184 million of development capital that will be required to fund the Project."
More than five years later the pipeline is still years away and "no more equity dilution" turned out to mean an extra billion shares in circulation (so far). With that sort of innovation maybe a stodgy boring old CEO was just what was needed. Unfortunately it turns out it's possible to be *too* boring as the latest one seems to be emulating the parrot in the Monty Python sketch.
Enough crude , we all see the past very differently im afraid!! I am very happy with Graham & team , yes it may be slow & costing more … so what . Gla
I think Graham is a decent man, however, he really has not produced anything tangible yet! Timelines, still getting pushed back as ever and we are still on a shoestring. Morocco, desperate for our gas, really? Pushing on an open door, team working flat out....keep hearing it, but....
Tanfich, let's get this straight; GL did not save the Company - James Parsons did! GL is as yet unproven. He hasn't saved anyone. He talks the talk but is he just another snake oil salesman...we're just the mugs who buy it......
Nice one Crude
At least JP provided us with some sex and violence, great social events, and a great get out SP if you were savvy or not.I wasn't, but can't see GL getting me in profit at this rate.
Think GL got January right for selling the gas, but wrong year. Why can't they be truefull with deadlines, ulterior motives, incompetent or what. I wonder why that is.
Planning for site completion abysmal to me. What are the real reasons for the delay they are not telling us
GL a bit to conservative for me, and to many missed deadlines, for an allegedly professional bloke. Yes, he has saved the company, maybe, but at what cost to shareholders and to him.
Mmm, let me think.
Lost my retirement dreams here, but I guess Sound Bod doing OK
Frustrated as well.
Where is KTF?
Tanfinch, what we need now is a proactive CEO who is dynamic & pro shareholders. Private investors must count for something. We cannot be diluted any more. Raising cash at these prices has been done to death with Gerry Orbell. JP at least tried to be innovative. The present management need to be just as financially innovative as James Parsons & reassure investors that they still have a chance to redeem at least some of their capital. The sands of time are slipping through the glass & eventually there will come a reckoning. Do something possitive GL & do it soon. Give us a sign for fuuuuks sake, it's nearly Christmas!
Crude....
Nice one Crude
At least JP provided us with some sex and violence, great social events, and a great get out SP if you were savvy or not.I wasn't, but can't see GL getting me in profit.
GL a bit to conservative for me, and to many missed deadlines, for a conservative bloke
Kylie, how long do you think GL has before investors turn on him in the same way they did with JP? At least JP saved this company from certain doom after GO had drowned us in shares. GO was playing high stakes with loose change in the Far East. JP " inovatively" financed us, redeemed us from Indonesia, withdrew us mostly from Italy & bagged all that license area in Morocco. Unfortunately we failed with Badile but scored a hit with TE6 in Morocco. I can't see the present Management have had anything like the success JP & his team had. The foundations were laid down in the sand but so far, precious little has come of it. I have to say I'm not impressed so far!
Bang on script. Very predictable MM behaviour. Yawn.
Can't believe this share is so cheap ??? BUY BUY BUY ...buy even cheaper before Christmas ( below 0.50 p) ...BUY BUY BUY ....lemme take my meds ....BUY BUY BUY
And there's that spread again. Let me guess the SP will drop on a 40 quid sale. MM's got their fishing rods out again.
I think frustration might be a term used to keep an investor positive about this company and mgt team from a SH value perspective. I suspect a 'head doctor' might call it a dawning reality about the state of this company and that yes, lightening can strike twice and people have been sold down the river again by just another AIM chancer of a CEO who risked nothing personally in the twilight years of his career for a fractionally small chance at walking away with a very comfortable retirement. He's recently been shown to be a BSer, nothing more or less. Still taking an enormous salary and no doubt hitting all his KPIs for a bucket load of free shares this year though. Deep down, he's the winner here, LT SHs the losers (indeed, any SH really). Refinancing will ruin the business from a SH perspective.
Kylie, it's frustration on my part. I've been here nearly 15 years so - some house guest!.
Crude.....no need for floaters.............
Brutal Crude given all you’ve made from SOU ( and the way you made it…) to post that attack on GL. It’s like a house guest that’s been sponging off you for weeks and they leave a floater in toilet as the leave without a goodbye. GL has delivered nothing but a critical massacring of the sp as his actions have done nothing but dilute and spend SH value, that’s undeniable. He’s bs’d the market as I’ve been consistent saying. The RNSs to come around the 20th Nov and later this year or next Q with further costs, delays, bs and dilution will finish this company off. He tried to ‘do a JP’ as nd did it badly, as at least JP lied and got the sp up. This guy just gives the bs and everyone can see and smell it a million miles off.
I thought that post was the best you have written ,in fact I thought it was so good I copied it and sent it to GL
Lets see if he replys
I am sure our Graham will deliver.just need patience.
Soundboy, I remember it well. I've travelled all over the world & had some great holidays - but that trip to Morocco stands as one of the best. I couldn't have been in better company on both trips & East Morocco was a revelation. I only wish it was possible to repeat - with the same guys - in the same quest - to really switch that gas on & turbo charge our stock price! Come on GL, there are an awful lot of loyal Sound Energy shareholders waiting patiently for some really possitive news. Its cards on the table time: put up or.....
Crude...you finish the sentence Mr GL.
Soundboy, I remember it well. I've travelled all over the world & had some great holidays - but that trip to Morocco stands as one of the best. I couldn't have been in better company on both trips & East Morocco was a revelation. I only wish it was possible to repeat - with the same guys - in the same quest - to really switch that gas on & turbo charge our stock price! Come on GL, there are an awful lot of loyal Sound Energy shareholders waiting patiently for some really possitive news. Its cards on the table time: put up or.....
Crude...you finish the sentence Mr GL.
It's soundboy ...
How are you crude.remember the market walk in oujda.
You are a good man.happy you done well in soundenergy.
First day in a while the trading pattern (however limited in volume) look pretty normal. Have the MM's stopped meddling? The spread has been as large as Hartleys jam lately. Effectively kill any market. Behave ;-)
Yesterday, all our troubles seemed so far away, now it looks as though there here to stay. Suddenly, we're not half the company we used to be, there's a debt hanging over we. Why he had to go, I don't know, he wouldn't say, he did something wrong & now he longs for yesterday. Yesterday, O&G was such an easy game to play, now he needs a place to hide away, but I believe in yesterday...........
Crude....at least the Beatles are number 1 in the singles charts with 'Now & Then'!!
Sweet-talking BS or straight-talking BS...what's the difference? To speak one's mind as the current management does or to imagine the possibilities of what has been already realized but what might yet happen? To be, or not to be, that is the question. However you present the case, nothing tangible has yet been realized through the conduit of the share price, & after all, that's what counts in these continuing days of austerity forced on us all by ever-increasing costs! On the contrary, the SP has been in decline for years now. How is the current manager more successful than the previous incumbent? At least he had tangible success & everyone thought their dreams could be realised & who knows if he might not have brought these projects to a speedier conclusion? However way you look at it: one was sweet talking, the other supposedly straight talking - but it all amounts to the same thing.....................................
Crude...don't talk to me about JP in the same breath you defend GL - what's the difference?
So a few positive posts in the last month but the previous post in November 2018 suggesting SP at 30p was cheap ! Really !
My QED already up more than 60%. Soon it hits 1.5 p I'm selling, then buy BLVN. AIM is a gamble!