George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Feel exactly the same WL, although I didn't get other family members to invest, I invested more than I should have to give back to my family and secure their futures... Again in the words of thst ****womble.. I hope JP gets he's just deserved one day... Karma is a b*tch as they say... I certainly hope GL can turn this aim turd around, which will be what we all long for, him doing so will not only help claw back our losses but will further highlight what a show pony, and fraud JP was!!
Joe I should have added - my equal most potent source of misery and regret is the fact that I encouraged so many of my family and friends to invest off the back of my own euphoria, telling them what JP was telling us - "£10 just won't cut it" etc. At least none of my family and friends invested anywhere near as much as I have. Their losses are a kick in the teeth but not devastating in the grand scheme of things. But while I have a low average and will make the money back, maybe even with a half decent profit if I'm lucky, my friends and family will never get the 50-90p share price they need to break even. JP has made me look a right mug. Made mugs of us all while pocketing millions for himself.
Woundlick I agree with a lot of that. GL made it clear this isn’t a cert, so “don’t put your farm on it...but if you feel like investing a few pennies “ ...what a refreshing change. He sounds like he has the experience and a plan.
This is a bit like the penny stock that I originally invested in all those years ago. This is going to take time and patience and a bit of luck...but if he can get that finance in place 1/2p a share is going to look like a shrewd investment I hope.
I already made that extra investment at just over a penny and will wait now. Overall a good interview and my confidence is growing here now for the first time in quite a while.
GL says LNG operation likely to be up and running 'back end' of 2021. So only about another 12-18 months. Let's just hope we're not talking about the kind of 12-18 month period as JP conceived the time frame. Otherwise we'll still be hoping for something to eventually happen around 2024, only for the plans to change once again for implementation during 2025/Q1 2026.
Don't want to be harsh or critical towards GL, at least he comes across with a 'realist' tone rather than the 'persistent optimist' tone (which largely turned out to be utter nonsense) spouted by JP. No mention of 'super giant' fields from GL, but at least a genuine sounding recognition/appreciation that the asset holds significant value once unlocked. I think the worst advice I've ever listened to during my lifetime was in 2016 (I think, maybe 2017) when JP said "whatever you do, sit on your hands and keep hold of your golden tickets." By sitting on my hands and resisting the strong temptation to sell at close to £1 is my most potent source of deepest regret and misery. I try not to think too much about it because I just end up getting depressed.
I really hope GL can pull something out of the bag and pleasantly surprise us all. I was pleased to hear his tone when he was talking about the company being a penny stock these days, echoing the disbelief with which so many of us long suffering holders are all too familiar. Unfortunately I don't think there will be much significant movement in the right direction any time soon.
Well in the last Q and A it was said 2 separate GSA, might be worth a re listen, could be still ONEE, might be from a contractual point of view to fast track.
Dave, i was just interested to know whether it is a new gsa which means a new customer or he was referring to the old gsa. Pricing will be different for sure. But prices wont be that high in both cases (which is not an issue as long as there a viable plan with positive cash flows)
Morocco Assures Citizens of Butane Gas Supply Amid Hoarding https://www.moroccoworldnews.com/2020/03/297260/morocco-assures-citizens-of-butane-gas-supply-amid-hoarding/
Greg, there will be a separate pricing structure for LNG, haven't a clue whether it will be higher or lower than the $9 scuff, I do know bottled gas in Morocco does sell at a premium as there is no local piping infrastructure.
Well the SP has turned around from this mornings red.... I picked up a few more after hearing the interview....Graham sounds like a man with a plan.. he could hardly believe the SP is currently where it is considering are p90 reserves
Thanks Dave. Do you mean it is a new gsa for lng not the old onee gsa?
Greg, in the last Q and A it was mentioned that there are 2 GSA's taking place, LNG and the main pipeline so a buyer is there. With the current low in world wide oil and gas prices I expect this LNG kit is sat around in warehouses so a vendor led finance is very much a possiblity for all round cash flow. Feeling more confident here.
Nothing said on commitments to buy the small lng volumes. Thats the key thing for bankability and for the sp to gain some forces. Surprised/intrigued/concerned it is not mentionned.
Sounds like Sidi is totally on the back burner. Nothing happening operationally due to Covid and it's way down the priority list. Probable extension on the required seismic work from ONHYM. It's all about the LNG in Tendrara now. Two problems -- financing the LNG and financing the bond repayment next year. Graham sounds confident about both but it's clear both remain to be sorted. Possibly vendor financing for the LNG and some sort of deferral/restructuring on the bond. Good to hear the directors/execs are getting paid a lot less than the previous crew. Graham is a breath of fresh air compared to Parsons but he needs to deliver.
Sounds pretty good to me.... even more impressive than the previous interview.
Plenty upside here, Horst to be monetised 1st. :-)
Great thanks for putting on here. Looking forward to listening a little later
Interview with new Chairman
Sound Energy is a Mediterranean upstream Oil and Gas company...
@soundenergyplc has been through a number of transitions over the years, and here @DDS_DocHoliday has been fortunate enough to catch up with the newly appointed #SOU chairman Graham Lyon.
https://total-market-solutions.com/2020/05/26/sound-energy-plc/