Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
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Aka Joe Creed when not on my phone....
Well I bought in when this was a proper minnow and was lucky enough to benefit from the huge rise. I regret not selling then but don't we all? I held for 9 years and did a bit of trading here and there. I have never felt the pressure on this because my original purchases weren't much higher than the price is now.
I'm not an addictive gambler and please keep your insults to yourself.
Take your bitterness out somewhere else please.
I bought some shares based on news that I think was significant enough to change the balance of risk.
JokeCreed
Like all addicted gamblers you only hear of their very very few wins, and if true if would be a drop in the ocean of mire that is this share.
How much have you lost on SOU over the years
No it isn’t.......it’s a legal requirement to publish the outcome.
It’s horrendous in your opinion. Maybe you are right. For every buyer there is a seller, for every winner there is a loser. It’s an imperfect Market, it wouldn’t work otherwise. I think I’ll get out with a profit, I cannot be certain, it’s a calculated risk.
What makes you think that it was a snap decision? I had already made the decision to re invest should I think the situation may change for the better.
Jo Creed ~ "... I doubt they would be published here if they weren’t very confident. " It is a legal requirement to publish positive or negative.
The snap decision is based on nothing. The latest RNS is horrendous (but strangely you can't see that) and screws many of us here or otherwise.
Haha@pduk a snap decision here several months ago enabled me to buy at a penny and sell at 4p within the space of a few weeks....
When the facts change I change my mind. What do you do?
I know the markets in general aren't good today. I do remember a saying... not a bad day to bury bad news....
getting the gas to market in lighters isn't going to cut it i'm afraid
Dooomed
You mean a ton more money than he has already made, Daveyboy71?
ps200306 agreed and so does the Market. Graham has been selling/hamming this up to the holders since his first investor chat. 15% dilution - sh*t! Once again us LTH's get the raw deal.
haha @JoeCreed. Chap with snap decisions like that no wonder you are down here and in echo. GL though.
Agree Ericnat.
Today’s RNS shows long term confidence by the bond holders. Great deal for them if Sound becomes a success. Disaster if not - they are both very much in the know and risk averse.
RNS makes me more positive about sound’s future
This is 2 very positive RNS recently. The sidi mortar RNS can be seen as a massive endorsement of the current Sound BOD by the Moroccan government. You would not expect anything less with OGIF now heavily involved.
This latest RNS is a massive endorsement by our bond holders.
Let’s not forget we have our share of over $2billion worth of recoverable gas still in the company, no dilution of that.
We now also have a 2 year extension to Sidi, thats well more than Europa got recently. That opens the door to a farm in. That is the next RNS that I would hope would drop, that could be any day now. Imagine if it is a super major like shell or repsol.
I would say it is worth looking at the last interview with GL. He must have know that these 2 large RNS where on there way and he did not over promise. I think we are now in the hands of a steady and resilient CEO. Good look all.
PS
I'm glad there are others than the usual sheep in here.
Bit of chicken going on here. The note holders must be more twisted than Sound.
Maybe it's JP holding the notes lol
Maybe interest rates are going negative so 2% is a good deal moving forwards to get the business cash generating. Marco is a slimeball but he knows a good deal to get his money back and profits on his shares.
When I predicted there would be ambiguous good news I didn't think it would be the very same day! This RNS is cr@p. Why would the bondholders take 2% going forward on a bond that has been happily paying 5%? It's a "take it or leave it or we're bust" ultimatum. As a sop to the holders they get some cheap warrants, and shareholders suffer yet another 15% dilution for a relative pittance. And none of it even yields any cash to SOU during the critical period between now and end of next year. How much of SOU will actually be left in the event that we make it to that point? The rest of the RNS amounts to "things are progressing" ... the same as we've been hearing for many months, and is frankly getting a bit tired at this stage. I will admit that this solves one of SOU's many problems for the moment. Now we need financing for Phase 1, financing for ongoing operations after April, finalising the offtake agreement, and sorting the tax bill. Still a mountain to climb and shareholder value likely getting tossed away along the way like a mountaineering litter lout.
The RNS also writes "certain holders", I'm not sure how many there are but that would indicate that there are more than one and not all.
So The RNS may be intended as a bit of leverage to those Note holders they haven't been in discussions with or don't like the idea. Again its a proposal not a done deal.
The deal is done, the meeting is just a rubber stamp.
Do you really think they would release this without getting assurance from the noteholders.
That would only be correct if it is agreed.
Similar as saying Brexit deal is BEING agreed, which like the RNS it's hasn't.
I wrote BEING resolved..
Levelup
Where does it say that something has been resolved? This is a proposal to be discussed next month is it not.
Glad it’s being resolved but 245 million warrants at 2.1p = more hefty dilution.
I bought a small holding again based on this. Market isn’t liking it yet but I think most people haven’t seen this yet, caught many by surprise, including me, glad I happened to be looking. I like the confident noises the company is now making.....I’m assuming this Bond holder meeting is pretty much a done deal....after all it’s better than Sound folding
Looks like we are going to get a series of RNS over the next few weeks. The warrant price is a good indication where the bot holders are expecting the price to go. This will also be great form of money coming into Sound at a massive bonus on today's price. What's not to like
Liking this a lot
100% up from the 10% drop on the RNS.............!
All the best.
Agreed sounds positive.
Great RNS
That's the debt sorted