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daveyboy71: "From my fag packet calculations, with the new additional shares the horst has a value of 17p ps."
I don't disagree with you. The question is: value to whom? Unlikely that SOU will retain a 47% interest, as the chances of a conventional loan to develop it seem slim (as Graham himself appeared to allude to in the interview). The horst has no value until it is developed, which is why the share price has been bumping along the bottom for the last two years as management success in monetising it has been lacking.
ST123: "Keep, like I tell others on here such as PS, there is little point in trying to be a smart arse by trying to guess the share price as its simply not possible due to having far too many variables ... Most of us can have a fair degree of confidence that the share price will continue to go north of here ... How high the price will go is pure spuculation but it will hopefully achieve enough for a fair few of us to break even ... hoping to see less of the horriid negativity"
Translation: I'm looking into the chicken entrails and seeing the share price soar, but I refuse to discuss any actual details because that would be "horriid negativity". Anyway, who needs hard figures when you have chicken entrails?
Keep, like I tell others on here such as PS, there is little point in trying to be a smart arse by trying to guess the share price as its simply not possible due to having far too many variables and even the near future scenarios are somewhat fluid and subject to change. What I am confident of is that we have reached a platform of relative safety which we can build from with a CEO and board that have a clear roadmap to get us to first gas and beyond. Most of us can have a fair degree of confidence that the share price will continue to go north of here as the journey unfolds and anyone who has sold recently wants their bumps examined. How high the price will go is pure spuculation but it will hopefully achieve enough for a fair few of us to break even, make a nice profit or make back on losses that were being written off depending on where your average point is. Most of all im hoping to see less of the horriid negativity that has infested this board so let the good times roll.
fair point StM.
KTF. The only problem with your scenario for me is having been ‘in’ for over 10 years, I’m keen to be ‘out’ whilst I’m still young enough (ish) to enjoy something from this debacle, so I would bite someone’s arm off for 19p ;-)
and before anyone says it, actually I would be in profit at 19p, just not what I hope for from sound. note hope for, not hopeD for, as in from here I am looking at more than 19p.
wouldn't be my choice to sell for 19p, I invested in a gas explorer, let's get the lng and pipeline moving and then get a partner (schlm perhaps) to do some hi COS drilling. a couple of modest successes and on to the Palaeo play.
but, I understand my time horizon isn't the same as the in and out brigade.
Lets sell it then.........
My recollection is that SOU in its entirety was valued at 19p per share before the cash raise even under the previous management and before this latest dilution.
From my fag packet calculations, with the new additional shares the horst has a value of 17p ps. So additional high cos exploring around the horst (te2, sbk) could get us into the 30/40p range, just going to take time.
looks like buyers are collecting & stashing these away....
That was 2017 forecast by Sam. Not sure how much time he spent doing that research
76... id be happy with that .... in fact id be friggin delirious! :-0
but what does the recent report say? what are the missing parts of the url?
The analyst who created this report had a Target price of 76p in 2017. Not sure we can have an awful lot of confidence in this BSer
Attractive entry point - We believe that Sound has sufficiently grown its acreage position to become a material player in Mediterranean gas. The company is benefitting from attractive and robust pricing fundamentals which have served to boost project economics. With a number of drilling catalysts in the short term, supported by a robust financial position, and a funded 2017/18 drilling campaign, we see Sound’s current share price as representing a compelling entry point for investors. We therefore reiterate our BUY rating and 76p TP.
https://*********************/companies/uk/sound-energy-plc/research/sp-angel/initiation-of-coverage-sound-energy/7_2021041913361520480