Bobbygas, JP has not made fortune in Sound. He has made nothing apart from his salary. He holds a lot of equity in stock, sure, but he will not crystalise this until the company sells. He cannot sell stock in any meaningful volume as that would collapse the share price, so he is very much committed to the end, and his head is exactly where it should be. If you think before you post on here, it would help.
Useful update FSJ .... I know you can read to much into the written word, but if your account is verbatim then it seems JP has a sense of frustration to the market reaction to today's update... but that might just be me ... It would have been nice to get his take on the market reaction so far... but I can wait until mid April ...Cheers
I have been in contact with James today and he had the following to say......
"We are hugely excited by the Paleozoic sands which as you know are confirmed in TE8. I plan to do a live video interview to provide some further colour / context mid April which should be just after we have the results of the TE8 cores, which have to be sent off for evaluation.
There is always a desire for more information but the RNS updates the market on the information so far and we can add more once we receive it. I don't personally see a lot of upside in doing a conference call right now and would rather let the team focus on the job at hand"
I asked if a conference call would help to explain the recent RNS and give the company and PI's the chance to ask questions. I also asked if we didn't have a CC would we be looking at a podcast of some sort where questions could be emailed in for structured and accurate answering on a video podcast, then James told me about the "Live interview" in mid April.....so Sounders, set your diary and clocks for mid April as i am sure a lot of information will be given to PI's then.
what all the idiots say on here, or how the share price fluctuates
The end game will be decided by professionals in the Gas industry who DO understand what is going on, DO understand what is being said in the RNS's and DO have their own intel as to what is happening on the ground (it is a relatively small industry dominated by some large players).
The BoD put the For Sale sign up some time ago and it is now
1) a game of poker for potential acquirers as to who blinks first and at what price 2) a race for SOU to prove up as much as possible as fast as possible (which is why the Paleozoic drilling was an inspired move)
But believe me, none of that will be influenced by a bunch of keyboard warriors one way or the other
If you want to know what is going on in the gas exploration industry - ask someone in the gas exploration industry, don't ask an anonymous name on an internet BB that you don't know from Adam
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