UKI - it seems to be ridiculous that the SP has responded to good news in this way. People have assumed there are funding gaps? That may be the case, but is it not the case throughout the aim market? And this is exactly why they have arranged the bridging finance. What more can be expected from the management team??
Due to possible dilution. It seems a number of sources have come to the conclusion that there are significant funding gaps between now and a successful RBL agreement being arranged. JP mentioned that it 'could' be organised before Christmas, but was hesitant. We still have bills to settle for the first Nervesa well and bills for the upcoming Nervesa Drills... + normal company overheads.... (£5.5million + £2.5million wont last long :/ )
I am holding my shares as it is not really worth selling them now, but I will purchase some more later this year once the funding has been arranged... I hope JP gets a farm-out agreed for both Badile and Laura asap to help stabilise the sp and allow SOU to retain some of the cash from the RBL for other, safer, adventures...
You've posted whats exactly been on my mind since that rns. Im sick to the back teeth with this share that when you do get a really juicy rns the flipping thing starts to drop considerably. Hey???? Think sound needs a serious promotion push to get some serious investment to really bolster the sp.
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