Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Those who have averaged down (hopefully good for them) might get 3_4p if the drills are good.
Agreed... my grey hair coming through can vouch for that!
Bigbench……. We just need a little patience, it’s been a long hard slog!
GLA
Nice one Ducati 2.......its all coming together.... literally.
Interesting to note that handing over the reigns frees up bandwidth for other ventures which they have been looking at. Hinted something already in the works.
An excellent interview from Garry. 4 very good points
1 Stressed that it is a binding agreement with Managem compared to the non-binding with Calvalley.
2 $12 million paid into the business and a further $24 million in drilling and development carry, non-repayable, equity carry. This is important.
3 Very good deal for Sound shareholders which cements in place funding for phase 2.
4 Sound are carried on 2 excellent drill prospects M5 and SBK-1 which will produce considerable upside potential
It will be good to find out more on the timelines for the forthcoming drilling campaign at the Q&A next week and I think this should really generate some more interest here.
I suppose this will only commence once all CP's on the binding agreement have been fully met and we hear in this interview with Gary this is likely to be a minimum of 3 months or more, but I presume this drill sites can be fully planned and ready to go just prior to execution of the Managem deal.
The de-risking of the business is good and I look forward to the updated new broker note when that arrives but sound will need to have success with the drill bit to really generate significant value in the SP.
GLA investors here
Https://www.middleeastmonitor.com/20240530-algeria-makes-8-major-oil-gas-discoveries-in-2024/amp/
Hope some on Morocco soil asap
Fiction…….Get a grip, Drama Queen.
It gets Bad when the no share holders post more than the share holders. If you and your mate Kyle lost money move on. Ffs who cares what you both think and Kyle do you really need and try to become a key board warrior!!
Thanks for the advice!!
It does remind me of the Parsons roadshows to entice naive investors in with promises of golden tickets and £1 is not enough (cue whooping from the gherkin crowd ) but these guys aren’t as hard - their hearts aren’t in it as they don’t stand to make millions like the previous BoD . They’ve done pretty well though and have also shafted PIs on their hard earned money. Shame on them and when the wife says over dinner “how did your day go ?” They can say we lost a lot of people money again today. Well done!
Thanks for posting chesh, good interview. I'm wanting to know the timescale for drilling, should find out next Friday.
It apears that is you "huffing and puffing" kylie75........! :)
I can't help you with your 60p-80p average locked in holding.........! :(
All the best (sorry.........! :()
Is this your first Moroccan rodeo Chesh? same ole SOU guff of an interview. don't take my word for it (that's subjective by the way, not a fact), just look at the sp. it's -7% today (fact), last traded 0.92p (fact) and less than 10% higher (fact) than where is closed last Friday before the Managem RNS came out (fact). keep huffing and puffing old boy, but the mkt clearly couldn't give 2 fks (part fact - supported by fact not 1 single share traded in the last 35 mins, part subjective view). sou are desperately trying to get the message out via multiple channels, but they don't get it. o&g in a corrupt country doesn't seem a great option for a retail investor, especially not with SOU's notorious timelines. GD suggested deal concludes within 3 months - so applying the CV timecales to that (originally 45 days excl period), it's more likely 18 months I think, all the while Phase 2 can't progress as potential new owner of licence isn't in control - more slippage.
Afternoon Peeps......!
https://vimeo.com/962228912
All the best (hope the link works..........! :)
10 p maybe a while , but the drills , sidi news maybe our salvation one day. Been that long I’ll be needing a zimmer frame & not a zonda . Gla
Hi Edman... i remember it well.. a Goodnight had by all! .... hold on to those golden nuggets as the SP soared towards the £ and now look where we are! il be delighted it this got back to o 10p as ive averaged down so much ... time will tell if that's been a good move or not!
Hi Big bench, few years since we were on top of the Gherkin, nice to see you still here. It would be even nicer if this share eventually shows a return 😄
Thanks big bench, going by the trade prices all the recorded sells have been buys, I was thinking most of yesterday's were as well. Good to see you back 👍
...was actually my buy... crafty buggers
Adam2911: "Should finish blue today"
It didn't.
Adam2911: "Now is the climb to 3p-4.5p range before end of year"
You mean to SP Angel's long term valuation BEFORE SOU gave away an additional third of its share?
Adam2911: "good bye 0.9p"
Back in the 9s as we speak.
Adam2911: "Sp goes up 2p in coming weeks."
Check back with you in a fortnight.
Adam2911: "Drilling gets going, 5p-7p. This time next year 10p -20p range."
Said it before. Would love to wager on that, but you won't.
Adam2911: "Can't wait till the market opens monday mornigh...hurry up sunday."
Message from the future here. Don't bother setting your alarm.
It’s a sea of green again today, the 🤡 must be getting rattled…..
Half time.
Kind words KTF, your concern brings a tear to the eye.
Scarf don’t worry I’m not going anywhere.
Motivation is irrelevant. Someone’s either posting sense, logic, facts, or not. If you think not, then just filter, that’s what it’s for, anyone that’s ever read a Pescado post knows that!
It’s an anonymous bb ktf, like any sane person I’d hope, I’m not here for any reasons other than my own. It’s clear most here have pretty low expectations already, but I still think there’s a few negative twists & turns to come. Time will tell.
I was hoping for all fact rather than most Kylie. I read what you say with interest as there appears to be little knowledgeable response to your comments I have made it clear before that I know nothing of this business. I have effectively written off this share at a £30k plus loss. Nothing to some I am sure. However like so many of the long term investors, I wonder what your motivation is to post on this board. I'm guessing, someone in authority at SOU, either past or present must have dealt you a spiteful blow. If so, you're getting your own back, a bit. Keep posting I love it.