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Thanks for your reply Crude. When you spoke with JP the other day and he said to you that we are marketing eastern Morocco. He made no mention of us potentially trying to sell the whole company, yet at previous Sound events, he has linked the two when referencing the LE. Based on his reply to you, it seems to me that nobody is interested in anything other than our Eastern Morocco asset, which means that there will undoubtedly be some sort of raise / dilution if we do get a buyer of our Eastern Morocco asset as the almost 30 million dollar debt is sat within the Sidi part of the business. As you know, the sale of our 'assets' can be vetoed by the MG. If they don't approve of any offer put to us for Eastern Morocco, then where do you see Sound Energy in 18 months time? Answers on a back of a postcard please.
Crude,
I suspect you realise that the vote we will have regarding the LE deal, should there of course be one, will be divided just as Brexit is. The price per share that is recommended to us will need a simple 'yes' or 'no' vote and I foresee that those of us who have an average share price above the recommended price per share will probably vote 'no' and those that are lucky enough to have lower averages will probably vote 'yes'. Of course, there will always be the exception to the rule and some will want their money back even if they are making a loss. Parsons has access to the share register and he will probably have an idea where to pitch it at. I don't think he'll want to have his recommendation sneered at by the majority, so with this in mind, I am hoping that the price per share will be nearer £1 than say 40p. He has also commented in the past that he is working on a deal that will hopefully satisfy "all stakeholders" whether that be PI's, II's and Partners. You I believe have commented that you think it will be around 35p-50p, which is somewhere in the middle. You could be right, but I would like to think we will end up with something closer to £1 for the purpose of satisfying those that are nursing higher averages. Only time will tell. I think we'll go long, but should there be a LE deal then I am expecting a figure nearer £1 than what you have estimated. We'll see who is right when the RNS lands.
Kirk, isn't it written somewhere that the Moroccan Government can, should they so wish, veto any deal that otherwise may be concocted by SOU? If that is the case, shouldn't James be out in Morocco pandering to the King?
Simon, the only 'shorts'ive got on are the ones I am currently wearing! I dont believe we will drill TE11 so am not concerned about -the potential of 'shorting' - but who knows! I am on record as stating I will be here to the end & as far as I am concerned the end is a deal that satisfies all shareholders:. A sham deal where we continue drilling but have to raise money through share dilution would be worse than Theresa's appalling deal that she never even consulted Parliament on when she put ink to paper! Luckily for us, we will get a vote on any forthcoming deals & nothing is rubber stamped without our approval! We all have a shareholder vote & like General Elections, we should make sure we use it!
Crude - you said you might consider becoming a Shorter. The big question on everybody's lips is, 'Are you going to short Sound'? It will be like watching the puppy biting it's master's leg. Have you heard something that would suggest the sp is going to get hammered when the eventual 'going long' rns lands?
OHhhh Crude: If music be the food of love, put that piano in batter!
We're all in 'too deep' & we dont like the view...we dont like the view....in too deep yeah, cant touch the bottom, cant touch the bottom.......
Anyway, I'm lazing on a sunny afternoon & the Taxman hasn't yet taken all I've got - so cheers to the eventual 'Liquidity Event'!
https://www.google.com/search?q=in+too+deep+video+pearl+jam&oq=in+too+deep&aqs=chrome.2.0j69i57j35i39l2.8385j0j7&client=tablet-android-samsung&sourceid=chrome-mobile&ie=UTF-8
Crude...listening to some
Indeep71 - translated message below should read...'My average is 35-40p so we have to go long to ensure that I get my money back'. As I predicted, there are those trapped with averages above 40p and those waiting to cash in sub 15p. Let's hope that there are more at sub 15p than plus 40p!
we have to stay long, only way of seeing 50p plus.......... those who want out, toooo bad mf's