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ST123 - without doing any name calling or throwaway insults, please explain as succinctly as possible why ps2's (and indeed Sound's own target) valuation is wrong and your optimism is justified.
From what I understand the LNG route to market will be sufficient to keep the company from folding (as was a distinct possibility before the Afriquia Gaz deal was announced) but will not be sufficient to produce profits which would either fund the pipeline or further exploration. There is also a huge tax bill hanging over us which hopefully we can avoid paying/the payment demand will be dropped.
How do you propose Sound will be able to generate millions of pounds in order to ramp up production/revenue over the long term when the company has inadequate funds at the moment and the total shares in circulation have already been hugely diluted over the years? Genuinely interested to hear your opinion how Sound will add substantial value from this position and over what expected timescale?
Please do not just accuse me of being 'negative' or having a username you do not like. Not interested in trading insults, just looking for reasons to be more optimistic.
A liar and a Muppet but keep digging.
STD123, what "extra value"? My overall portfolio is the same to within 1% of where I sold out in March. My lack of faith has cost me nothing. It's only in your delusional ramblings that you need to impute fictitious losses to my decision. I am delighted to be (mostly) out of SOU. If I wasn't delighted I'd buy back in. Your comical portrayal of me as some sort of tortured soul in the underworld ignores the fact that there is no Cerberus guarding the gate. I'm free to change my mind anytime.
Instead of constantly obsessing about me, how about reflecting on your own hilarious valuation. You said three months ago that the share price would double in three months. Instead it halved. And you expect anyone to take you seriously when you have spent a year refusing to provide any basis for your flopped predictions, while also refusing to even acknowledge the company's own valuation. Some might suspect you've had a few lashes of the idiot stick.
PS posting whilst the SP is up, what next. It's a bit like a vampire venturing out into the sunshine. Think of all the extra value you have missed out on by selling up prematurely. At least a few of us will not only break even but make a profit here shortly. Your lack of faith in Graham and lack of patience has cost you dearly but at least some of us will reap the benefit the closer we get to first gas.
Why do you wasting your time?
STD123: "Hydrogen don't forget the few numpties that have already sold up prematurely and have incurred eye watering losses. It's funny how they always go quiet when we are on the rise but come out in force when we start dropping."
Actually, I'm out in force everytime I see you posting more nonsense. It's got nothing to do with those fraction-of-a-penny rises and falls -- you know, the ones you crow about on every tiny uptick. Also, the fact that you're replying to someone who thought the AG 10% was a massive on-market purchase shows that you are a clueless fellow traveller along with all the others who do no basic research.
STD123: "the transformational LNG deal will be more than enough to move this forward once the profit takers are finished selling."
LOL. You really are a clueless ramping troll. The LNG deal has "transformed" SOU from a busted flush to being worth only slightly LESS THAN ZERO. The SP is down over 20% from the spike on news, just like every other news-related spike for the last two years, including the one you bought in on in June last year. Even some long term holders on here have admitted they no longer have any interest except to trade the sheeeeit out of this on such spikes.
Net asset value looks attractive.
I have been thinking about this company a lot recently. Time to start building a position..
Hydrogen don't forget the few numpties that have already sold up prematurely and have incurred eye watering losses. It's funny how they always go quiet when we are on the rise but come out in force when we start dropping.
Execution of Equity Subscription Agreement
In addition, the Company is pleased to also announce, subsequent to its announcement on 29 June 2020, that it has entered in an equity subscription agreement with Afriquia pursuant to which Afriquia has made a £2.0m subscription to the Company in consideration for which the Company has today issued for 159,731,651 new ordinary shares in Sound Energy at a price of 1.2521 pence per new ordinary share to Afriquia.
Application will be made for the 159,731,651 new ordinary shares, which will rank pari passu with the Company's existing ordinary shares, to be admitted to trading on AIM ("Admission'). Dealings in the new ordinary shares are expected to commence on or around 8:00a.m. on 4 August 2021.
Read it again Latino.
159,731,651 Shares bought
Read previous RNS
You know more...enlighten please!
Latino. It’s not 10% bought in one shot……
10% in one shot..