George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
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Apologies trellis35 but I was merely asking for you to reiterate the names of the Italian, Chinese and British parties as you said you had already done so here. I am truly not being vindictive or malicious in my post.
Appreciate your confirmation of where Lyon stated that no dilution would happen. Disappointing that he has gone back on his word soo early on in his tenure.
The BOD did definitely confirm that there would be no dilution on more than one occasion. I remember them confirming this in the Q&A.
I've only read the first few lines of your post and won't read more as better things to do, but I notice you are sticking to your modus operandi of highlighting the most ridiculous criticism levelled by anyone (CIA) and linking it to every other criticism.
this is a standard technique to throw reflected absurdity at otherwise sensible criticism. It’s akin to the way you always previously started by alluding to being attacked.
it will only work for the casual, less well educated reader.
keep trying :)
The CCP runs deep in this one Yoda.
Former Fastnet CeO, the one that found TE-5 back in Morocco, with Predator oil & gas. One of two recent interviews.
https://youtu.be/4CnukuJr4ws
interesting,
so sag's beloved leader, who happens to run a business sourcing teachers for China and presumably has Chinese contacts, raised the Chinese bidder and knows everyone involved on that side.
looks like someone might have been trying to organise a coup here whilst supposedly working for the sag members.
is it any wonder that he's so bitter?
maybe sag wasn't just an ego trip after all.
maybe, just maybe all the negative b*llox is more to do with somone feeling rejected and losing a possibly lucrative finders fee from the Chinese.
what a tangled web we weave.
So,
trellis is the chink in the chain? “ LevelUp - I raised the Chinese bidders. I know the name of the company,their owner and even the name of the negotiator who flew in to open discussions with Marco only to be rejected“
That close to the Chinese you shouldn’t be heading up SAG. Conflict of interest now we know Trellis.
More dilution and back down to a penny, ready for the next step up. Anyone understand the pattern?
No more dilution: result, dilution. Didn’t I say.
Pduk I’m not trying to circumnavigate the near term issues. I’m just saying that I do not have enough credible inside information or correct figures to be certain that the information that Trellis puts forward is 100% correct therefore it is pointless trying to challenge speculation especially as it all constantly points to the worst doomsday scenarios.
Are you saying that Marco is deliberately not listening to credible offers? To what end? Trellis why can't you share the names of the Chinese or Italian individuals again for the people who missed it?
I have to say Sharetrader123, at least Trellis35 hits the near term issues head on. You merely appear to circumnavigate them when providing commentary. SOU NEED 50million as per Lyon's comments to get to first gas.
Do people agree that Lyon DID make those comments about no further dilution?
Trellis,
Why were they negotiating with Marco and not James?
Who made the final decision which Company to pick James or Marco or the whole board?
With all the chancers around, Sound needs to try and regain a healthy and credible plan. I see all the things done over the last months exactly as that. We can only speculate what’s playing out in the background.
Where did it come from that there were Chinese bidders? I really can’t believe we’ve been diluted massively twice since the long awaited LE was announced. What a sh*t show.
I still really hope a company just comes in to buy the lot and put us out of this misery.
trellis, lots of examples of Chinese companies making overtures, stringing things along for months/years, and then never coming up with any cash. Witness Providence Resources and APEC for example.
Trellis that’s some doomsday scenario. I was going to ask if you had any conspiracy theories but I don’t think I’ll bother. It’s not a case of your cup being half empty as you don’t even have the cup. Some of what you say may be plausible but you maybe overthinking things to destruction.
Trellis. Appreciate you could be genuine in your thinking and there is no reason i (imho) to think otherwise. But on the other hand, may be you dont seem to bring solutions.; it looks you want confrontation and it is fine if this can bring any good but it doesnt seem it will. Most LTHs dont have any choice except to keep hoping there could be something positive coming. And most of the LTH, if they can, wish to see James Parsons et al in jail but hey we are where we are...trapped.
is GL different? Time will tell though human nature is very bad by experience and talking about governance and ethics is B..in the world of those guys.
Ps...
Thanks
Woodrow, bulgariaben is just shilling for followers/subscribers. New poster who has only posted this link, along with other one-post wonders on other boards (e.g. wilmawilliams on SOLO) doing the same. The link is to a private twitter feed you have to sign up to. Ignore.
I am fearful as most (not all) as to the future of Sound Energy Ltd, Trellis35. However, I don't agree that Lyon stated that dilution would not happen. That would need to be announced via RNS. Can you kindly provide support of this claim?
In addition, who is this Italian family that we should all be aware of?
Bulgariaben,
Not on Twitter can you tell us what this says please?
Hi Trellis.
It was only 2 days ago you were on wannabe 6,
Another blowout or too much wine and your maths suffered?
I hope you're well, daveyboy71. You can guarantee, as demonstrated by the previous failed JV, that that percentage will dwindle to the 23% (or less) on the quest to first gas. SOU are in a weak financial position (20million bond, the interest and no income) to negotiate and IF we are to believe in the acreage (even though the past BoD did a runner from it and us) then a third party will want a significant slice of it. After all this is business and not charity.
To get into the double digits SOU will need a new discovery and belief to drive it there. Thus far the drill bit has proven the 'experts' wrong and as Eric has pointed out you will need deep, deep pockets to turn that around.
Pduk, broker notes are based on the original deal where sound only had 23% of the asset, we still own 47.5% so 15/20p is achievable, don't forget JJ comments of 27p a share based on the original amount in circulation.
Let’s be clear Sound are too small to make the most out of the massive acreage.
They need to sell the asset, settle the debt and return the balance to shareholders.
If we do not sell, get ready for a long drawn out death by a thousand cuts. There is no way we can do the potential of the license justice. Deep pockets are required. Not 2.7 million raise costing causing 20% dilution.
Morocco are in a hurry to get the gas before they complete their pivot to renewables. It will take sound 10 years to drill 10 wells if we rely on the LNG revenue. Check it yourself. This geology requires a large number of wildcats followed by 3D seismic when they hit.
Pduk I must correct you as I’m not looking for a quick in or out at all and can see me holding for the foreseeable. The comment about the single figure broker estimate is way out. If sound are positioned for first gas then the SP would rocket into double figures with ease. You have just seen it go from below 1p to 4.2 p on the slightest whiff of positivity so what do you think will happen when we get to a more concrete position and safety net of first gas?
I’m not in a position to challenge any figures as although we know the debt with the bond and other known costs what we do not know is what’s the full potential of the asset. A lot of borrowing / funding is often based on the potential which is hard to put a figure on right now but will become clearer as the asset develops. There may be much merit in what you say but there’s are a lot of unknowns to be certain of accuracy. Enjoy the weekend!
Please continue to be, Rosey. In fact maybe I/we should start referring to you as Rosie? :-)
You've still failed to address , as Trellis has outlined, how SOU will repay and service the 20million bond March 2021? First Gas is not expected until December 2021. The 3 raises outlined will take the company to March 2021 (when the aforementioned 20milion needs to be raised). What then? Thus far no one has done SOU any favours or given them an easy ride.
Your talk of double figures is extraordinary especially when the broker note states 7-8pence. SOU has never met any of these evaluations. I don't believe we even have an external CPR of resources? Can someone remind me? You again conveniently forget the 36%.
I appreciate you're a 'sharetrader(123)' and looking for a quick in and out but many here are wise to the hype/stories. Take the weekend to mull it over.
Pduk I’m sorry if my rosy outlook irritates you but I think getting to first gas is far more likely than not. I’m not suggesting that it will be a smooth path and I think that further dilution may take place by means of partnerships in order to get there. Although any dilution is a worry it is my belief that the pie is still big enough to withstand dilution and still raise the share price to double figures. Once we reach the safety of first gas then it will be easier to raise the funds in order to further exploit the potential of the assets and pipeline which will open up further markets due to linking to the euro grid. This will obviously take longer to achieve but getting to first gas is the priority and will give the stability and platform to develop further.