Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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Well ktf, the one thing that I think will send the SP higher, substantially, is if we drill and discover, but this is someway off unfortunately
The site progression looks good, a lot bigger than I thought for a micro plant.
Years ago, in the eighties, I designed the piping layout for a below ground lng tank for ADNOC, the size of a football pitch, whilst working for Bechtel. This plant bringing back memories for me. Happy days
Well, that’s 1 week of the maximum 6 week wait over.
I think it highly likely we will get signed finance agreement for phase 2 on or before the 28th April.
5 weeks to wait for transformational news. Not just the funding, but the things that unlocks.
I would also not be surprised to hear Tax case news, as we know that was all part of the completed due diligence.
When will the sp start to reflect this?
Pretty impressive for a micro plant.
Can't wait to see it completed!
Thanks for sharing.....the price has held up well
Hope this link uploads.......Every day a little bit closer.
https://twitter.com/soundenergyplc?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor
https://www.facebook.com/reel/1342872863221669?s=yWDuG2&fs=e
https://twitter.com/soundenergyplc/status/1636633110438715392?t=PX8_1s2mZHMBGH_rKPI9uQ&s=19
I’ll be dead by then.
The thing is, I've never been negative about the value of SOU's assets in the ground (apart from when they got cut in half by the "mix-up" over the famous "value of a tcf to SOU", although somewhat ameliorated by the acquisition of the Schlumberger share). But there's a difference between the "value to SOU" and the value to shareholders given the drip-drip of dilution. We know there is a funding gap post-April. We know there is the first bondholder amortization payment due this on December 21st this year. We know there is a very chunky payout due to ItalFluid on Phase 1 completion (which is not, as far as I know, covered by the Afriquia Gaz loan, but correct me if I'm wrong). It's not clear when there will first be revenue from Phase 1 that will actually be bankable by SOU.
The bondholders got a pretty sweet deal in the last restructuring (5% annual interest, 140 million shares + 100 million warrants). Getting closer to Phase 1 completion they are sure to have even bigger dollar signs in their eyes and will look to take advantage of SOU's possible inability to pay in December (c. $2m of the non-deferred part of interest + amortization).
I've no doubt the Attijariwafa negotiations are real and serious (to Graham's credit) but -- as I predicted last year to the usual cries of negativity -- Phase 2 FID this side of 2024 is looking dubious. That puts Phase 2 revenue out in 2026 ... very welcome but much too late to make any difference to these short term funding gaps. Anyone expecting substantial gains on the mere whiff of good news is also perhaps ignoring that there are hundreds of millions of shares waiting to be dumped on the market like hot potatoes by other shareholders just looking to get out with their shirts. Along with outstanding warrants that will be quite a drag on SP appreciation.
There is still value here for those with a low average and time on their hands. "Dreams in the desert" is probably over-egging it.
Nice to see the old rivalries are still ongoing. ??????
KTF: "filtered him years ago. it will be the usual negative BS."
LOL. How could you know what my usual posts are if you filtered me years ago? Glad to see you are still reading each one.
"I guess when you are forced to delete all your old posts and your old username because of alleged slander you might be a little bit bitter. anyone want to guess what month and year old trellis started posting? Posting Since 2003 06 :)"
Well, that's certainly a new twist. I've never been accused of being trellis before. Truly bizarre.
"further - I'm in profit here. I wonder if ps (or you, or any of the other negative posters) are?"
Unlike you, I never made any secret of my holdings. Even posted screenshots. I sold out the vast majority of it two years ago, almost to the day. The share price was almost identical to what it is today, in spite of that other chief ramper STD123 berating me for selling out too early. He's gone awfully quiet, having had TWO opportunities to get out at breakeven and now being down 50% (which is still a lot better than many here).
As for you, I challenge anyone to figure out how you buy "a few thousand worth" at 80p, and now have a million shares at an average of 1.5p. Sorry, it's kind of hard to make that stack up no matter how much you torture a spreadsheet. Also, that makes your holding worth 15k ... is it really worth making as much noise as you do over such a paltry amount?
That's a rhetorical question too, since you won't be reading this message. No really, you won't, scout's honour, not a single word. And you won't be posting a sarcastic reply while still pretending you didn't read it. No sirreee. ;-)
"It was obvious from the day of the Q &A that there was going to be more delay."
Agreed. Expected the sp to be taken down, but it has held up pretty well and likely stable through April. Exited at 1.75p. Time to buy back in. and wait for funding completion. What price am I going to be paying? 1.75p. DOH
for the umpteenth time testpack - I was NEVER an apologist for JP.
did he over sell the company? yes in my opinion.
did he break any laws pumping the company whilst selling? possibly, but he will never get punished if he did.
did he act immorally whist at the helm? in my view yes!
by the way, constantly using the moniker 'The Failure' for JP is a little juvenile, don't you think?
as to being in profit, I am. I have just over a million shares with an average of 1.5p. I bought a few thousand worth at what turned out to be too expensive (unlike some idiots I didn’t bet more than I could afford at the top, so consequently have cash to buy more and do more important things). I have repeatedly bought since (as reported at the times) generally in the £500 - £1000 per month depending on how much spare cash I have and what the price is doing.
do you believe me? I couldn't care less. But the basic premise should be clear even to you.
btw, you can't remember any sales as there haven't been any! Yet.
KTF. I can't remember if he posted a price target 'back in the day', what I do know is that he was no. 2 disciple in being an apologist for The Failure. His comment that he is 'still in profit' is laughable. I remember him having ' cheeky little top ups' at every price up to 80p. With his admiration for The Failure I can't remember any cheeky sales. He's still here trying to recover losses, like most LTH.
further - I'm in profit here. I wonder if ps (or you, or any of the other negative posters) are?
love you too.
I never gave ANY price target!
I have my own target and it never was or is £5
KTF - Trellis was posting at the same time as PS back in the day. PS was also extremely positive on SOU while Trellis was asking many questions that many posters, yourself included, laughed at and continued the £5 per share rallying cry.
As usual, you’re talking rubbish.
oh good grief, is that idiot ps posting again?
filtered him years ago.
it will be the usual negative BS.
I guess when you are forced to delete all your old posts and your old username because of alleged slander you might be a little bit bitter.
anyone want to guess what month and year old trellis started posting? Posting Since 2003 06 :)
how's the old 'teachers for China' business going old chap?
Rhetorical, as I will keep you on filter.
Absolutely spot on Mr ps , to say its getting old now is such an understatement, you get a little bit bored with the whole boring story and simply want to read a new book.I am too deep now to sell as I think that I may get at least 1/4 of my investment back,sure Lyons talks the talk and sometimes walks the walk but just round the corner will be there same old same old " we are flat out working for investor return " now that's a yawn and you explained it perfectly
The April extension is probably to line up with the fund raise that SOU will need by then. Every positive RNS for the past several years has been accompanied by a fund raise, more dilution, and a gradual drift back to the doldrums. Every RNS and random share price fluctuation is greeted by posters (who ought to know better by now) with witterings about SOU being a "leaky ship". And yet, even with phase one funding in place and construction half completed the share price has been dragging along the bottom for three years now. There is only one truism about SOU both during and after the Parsons era -- they cannot meet a deadline to save their lives and going a year over on a six month project is not remotely out of the ordinary. Three quarters of the original value of the horst has been frittered away by dilution needed to keep the lights on. For now, the wheels are still turning but how much air is going to be left in the tyres when revenue finally flows? Most exasperating company ever.
I’m pleased our Graham hasn’t given him an interview, that shows sound has moved on . Gla
Dont sugarcoat it or even hold back Goza,tell it like it is why don't yer
But seriously, has anybody noticed that he mostly comes out with stuff a few days after a good RNS but almost immediately as soon as a bad RNS as after a good RNS he has time to see what the clever money on various BB,s are coming out with where as bad news is easy to explain.
He is a fat, slimy useless toad!!
Malcy has a habit from past experience of gleaning as much technical information from posters that seem to know what they are talking about ,eg KTF, Southmead and others on here etc and on various BB,s then write his plan on whats happening ,full of it doesn't even start to describe his forecasts