Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
When IIs bought around 4% of the stock during the TE10 news, the SP rose 300%. A moot point either way.
Thanks Soundingoff, 26% would only cost them just over £5m, bit of a bargain when you think about it.
I think that restriction can be lifted with the agreement of the company. And it is only an agreement.
'Daveyboy 71, if my memory serves me right they already own nearly 30% of Sound, not a big jump to 51%'
They own 25% BravoSix. I'm sure we'd all love them to buy up another 26% of the shares. Imagine the share price rise if they did... Anyway it's not possible until September when the restriction is lifted.
Daveyboy71 I think we did, they were more hopeful days. Will check when I get the time, all the best
I don't think they can increase their percentage till end of the year, can't remember what was put in the RNS when they came on board. I believe we spoke briefly in the queue at the DD event.
Daveyboy 71, if my memory serves me right they already own nearly 30% of Sound, not a big jump to 51%
BravoSix,
The best time to pounce on SOU's assets is when SOU runs out of money. There are probably a number of so and so's watching the animal getting weaker and weaker and are beginning to circle like vultures. I can smell blood a mile off and this one stenches of the stuff. Why buy for an inflated price when you can grab the asset(s) on the cheap when SOU runs out of options and money. People will do some very odd things when they are desperate. What is happening here is pure theatre. I'm intrigued to see how it all plays-out. Time to grab the popcorn.
Agree Bravo but it's not a good advertisement for businesses to invest in Morocco if the government steal assets off foreign companies.
OGIF and Mohammad Beslimane are in the driving seat along with the Moroccan Government and Royal Family. They will do what is best for their country, which isn't necessarily what is best for us. So any thing could happen, the website hasn't been updated and they aren't replying to emails. That's all you need to know
Jezz, do you seriously think that OGIF would let that happen ????
A company can still delist though should it run out of money, which is what I am proposing will happen here. I just think there is too much money owing and the financial position is questionable too. NOMAD's can also suddenly jump ship, as was the case over at MYSQ before it wrapped-up.
As the services of our exploration director are no longer needed (and the BOD generally has the hallmarks of winding things down), one could suppose that's because either 1. we'll see a farm out of Sidi announced at the same time the deal on eastern morocco is (hopefully) concluded and operatorship of Sidi will be the responsibility of AN other (who has their own Exploration Dir/team), or 2. The Sidi license is being relinquished. My personal view for what it's worth, is the former. Not long to wait now before everything gets suitably clarified.
A shell company has no assets. There is an asset at present. If a deal is done there would be an asset. Even if it is a percentage of.
Mancave- If we get the deal, then everything changes. We will have development funded, cash to pay off debts, a potential dividend/exploration. Side issue is Sidi loan notes. Until the deal is done, we don't know specifics though.
We would move to a non-operating company. Delisting is not an option.
We still have sidi to sort out so can't seeing sound de listing, will still be a going concern also on the exploration side with tendrara.
Care to expand KTF?
no chance whatsoever
Chatting to a colleague got me wondering as to what happens after the deal s struck - we have no staff and as such have become a shell company.
Could there be the very real possibility of the company being delisted?
What potential is there in the company as it stands? Or are there consideratons that could prevent this?
I dont want to lose out more than the next man but mst admit to being concerned and as always, just trying to start a debate..........