Appiamma, excellent post (rec.....it's a sea of green today)..totally agree. We have to be one of the better prospects on AIM O&G. Who else has so much 'downside insurance' as we have in the form of previously discovered assets awaiting re-appraisal!
Crude..........some good posting today......ideas being exchanged......all to be recommended.
DYOR warning.........read instructions before activation of cash. Never attempt this without parental supervision or adult guidance. Always wear protective clothing & stand well clear of assets in case the **** hits the fan!
I personally would not want a takeover, I am willing to wait this out because I don't think we would get true value. I also don't think that Jp would sell us short. Will be really interesting to see what happens. I just can't shake this feeling that the team is too good for our Market cap. Hopefully that means that the company will grow in time to reflect the team, if that makes sense.
Good posts - both rec'd. Often it seems to me that there are very few true investors left; those that actually invest in a company to succeed over time. So many on these BBs appear to want multi-bagging returns within moments of placing their 'bets'! Time to reward investment strategies are more akin to Ladbrokes: short term is the Nunthorpe, medium the Derby and long the Gold Cup ... or any national Hunt race! From meeting the guys at Sound I'm even more certain that we have the very best people working for us and that they are doing, a will do, their very best to give shareholders a positive return on our investments.
Things within their control they will deliver, those things beyond it will be delivered ASAP. The development of assets will be done sensibly and competently with as little risk as possible; it is all about building a solid foundation. Luca comes across as supremely knowledgeable and confident of delivering a successful drill programme - I got the impression that failure at the drill bit just wasn't an option. JP is an innovative but sensible CEO who is well connected and committed to making a success of Sound Oil. With the financial backing of CIP and also the board having the benefit of Marco Fumagalli's knowledge of Italian business and finance, we are in a truly enviable position.
Investing is never risk free but for an AIM listed company, investors, who are willing to do some work and research this company well, would be hard pushed to find a better prospect. AIMHO of course ATB
In all recent presentations, inc Q3, it mentions the aim is to be Pan Mediterranean. It sometimes mentions this at the end of RNS. In the drilling programs, agms and presentations themselves there is never anything that actually points to this happening. All put Italian plays. The only connection that I can see is Marco. When it was first mentioned that he would be investing and joining it said, amongst other things, that he had good pan Mediterranean connections/influence. Or words to that effect! I see his involvement as the key to aspirations that we may have to spread outside of Italy. This fairly innocuous RNS could, IMO, have big ramifications for the future direction of Sound Oil. I have to say, we do seem to have an incredibly good team for such a small company. With all this knowledge, ambition and connections I really do think something else is being planned behind the scenes.
Joe, my gut feeling is we are going to be taken over, the continental boys are in at circa 10p a share because they had the money and what a reward they are going to get IMHO, someone could take us out at lets say 15p a share valuing the company at say 50 million, cheap? your not kidding. I could go on to list what we all know in terms of what we are expecting from our various gems but the bottom line is are they worth 50, 100, 200, 300, 400 million ?.
I personally think we have the gems and someone always wants to buy gems its just a question of how much you want to pay for them.
Joe, do I sense a rumour in the making? I do love a good conspiracy theory.......takeover, M&A, new stakebuilder. your right though, we never did find out what that Rome meeting with ENI was all about......assuming it definitely happened. I think we just assumed it was about the SMG CPR...........weren't all three interested parties (ENI, Edison & ourselves) supposed to share costs on the CPR....as it was of common interest because of our license proximity to each other.
Is a 25% share holder in Continental Investments. That's quite a lot of cash. Why would he make that investmemt unless very confident about the future. IMO there is something happening behind the scenes. There was a lot of speculation when Jp had that dinner date in Rome, and Jp talked in an email about an ' important juncture' a little while back. I think we will get an update/ RNS in the next few months that will suprise us all. And I think Marco may be involved. No facts behind this, just a feeling.
Fangkat, cheers, appreciate your comment. These are the days we have dreamed about in the last few years. It's a real pleasure to be part owner of such a dynamic company. We are leading the way in Italy for other small & medium O&G explorers.........we lead, they will follow our example as the rules of engagement we are negotiating by become easier in la bella Italia!
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