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London South East Natural Resources Briefing webcast: #Emmerson #Alba #Condor Gold #Gold analysis
Angus Energy in talks to buy 'transformational' gas asset in North England


Member Info for YinYang


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Member Since: Fri, 1st Mar 2019

Number of Share Chat Posts (all time): 540
Number of Share Chat Posts (last 30 days): 228

Last Posted: Thu 17:43


Post Distribution over the last 30 days




Thu 17:43

Thanks ericnat17, so buy at 10p and get 30p back if lucky. Just have to wait for the offers.
Thu 17:32

It is the East Moroccan portfolio that is up for sale, so how much is that worth to SOU (47.5%)?
Thu 17:24

10p per share. 100 million divided by 1 billion shares
Thu 17:22

Whatever cash they get for the sale has to be halved (47.5%) for their share of the licence. 100 million net to shareholders gives around 10p in cash as a special dividend. Or is this BS?
Thu 17:11

Maybe below 1.50 for another top up. Tomorrow is the last day before the long weekend and that might be the deadline for Miton to be out completely.
Thu 16:26

Just added, close enough now to my 1.50 target. Mcap. 25.6 million at 1.60 with all that cash and no debt?
Thu 14:48

The company has managed to lift the share price temporarily over the last few days but it is now out of bullets and the price of Vanadium keeps its heavy hand on it pushing down.
https://www.vanadiumprice.com/
Thu 14:39

An RNS about the sale would be welcome and maybe a TV report.
Thu 13:51

Short squeeze, pleeze
Thu 13:47

https://news.sky.com/story/triton-flies-in-with-offer-for-thomas-cooks-nordic-arm-11726750

***
The precise valuation attached to a deal is unclear, although one insider said the sale of its Nordic airline and tour operator was likely to be worth "several hundred million pounds".
Thu 08:54

Next set of results to 30th June will probably be announced in September. You would think that the SP would be higher after recent news but the small free float means crazy rises and crazy falls.
Thu 08:30

Shorts have increased to 7.49%. The BOD need to move to get some cost savings announced and most importantly, announce the offers for the airline.
Thu 07:48

With $192 million revenue and $20 million raised in a placing I would have expected more than $42 million in cash left for the year. All of that cash will be used for the conditional acquisition of the Vanchem Plant for $68 million this year and some debt finance will be needed too.
Wed 16:12

Good luck Idrissi, that explains those sells then. I hope you wont regret it.
Wed 16:08

Forget the past with the BOD, gmarchy14 * what would be your estimate sale price? and timescales? and also, will it all go as a packaged business or just TE? That is what we all want to know now and that is the only thing that is important now.
Wed 13:52

Conversions have not been cancelled, they have been suspended (for now)
*** 28th Jan RNS
The terms of the Agreement expressly allow Rainbow to undertake additional financing (if required) and Rainbow has the right to pause or terminate the Agreement at either no or minimal cost. As Rainbow's production profile is anticipated to increase during the course of 2019, the Agreement provides maximum flexibility to cater for a range of requirements depending on the timing of production delivered by new mining areas.
Wed 12:51

Wonder how its going, any news yet?
***
The AGM is to be held at the Banqueting Hall, Glaziers Hall, 9 Montague Close, London Bridge, SE1 9DD at midday on Wednesday 22 May 2019.

https://www.soundenergyplc.com/media/1610/se-ip-q2-19-may-v1b.pdf
Wed 12:24

The bit I was most interested in was the quote about Iran giving Europe a 7th July deadline. See what pans out.
Wed 12:22

Im not invested here but I am hopeful of an outcome between Iran and the West at some point that will allow business to go ahead again. Iran is being crippled over oil sanctions and even more so now with the remaining countries it was exporting to now being blocked. They will run out of cash and probably an uprising at some stage. The Americans seem to be good at organising these things.
Wed 11:36

A quick and conservative estimate for the cash value could be 55% of 150 million or 82 million. Anyway, even if this is a low estimate, it makes the share price look cheap if they can agree on a sale price. I have bought some today.
***
Following the award to the Group of a production concession in September 2018, covering the Tendrara's TE-5 Horst area, approximately 146.2 million of capital expenditure was transferred from intangible assets to development and production assets. As at 31 December 2018, the carrying amount of the development and production assets was 150.6 million after taking account of additions and foreign exchange movement.
***
Commenting on the strategic update, Sound Energy's CEO James Parsons said:
"We are now approaching the final stages of Sound Energy's strategy to drill a bold exploration programme in Morocco and then explore options for early monetisation. Should the Board receive the right price for the Company's East Morocco acreage, our intention would be to return the net proceeds of any divestment to Sound Energy shareholders in the most efficient manner possible."


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