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I guess you missed the 2 opportunities mention at 46 minutes in!
rosso, I refer you to the same points.
to be blunt the phase 1 revenue of 23 million a year and phase 2 revenue of 130 million a year net to sound continues to be my focus. what's the market cap right now? what PE ratio is normally applied to gas producers? what does that mean for a realistic market cap target once phase 2 is up and running?
oh, btw, did you also notice that all the due diligence for AB to make it's binding offer for phase 2 funding has been delivered!
I thought the banks where queuing at the door to lend money .
Investor relations current up to date and completed --------------- tick that one off Mr Lyons
As I stated a PR Event
Nothing that wasn't in the public domain this morning before the Q and A.
What did you expect with no RNS preceding it?
All the question marks handing over the business were discussed, as expected. No different answers, as expected,
So, it is just back to the waiting for things to pan out, in the knowledge and reassurance that management have got these situations covered and will present us with positive solutions in time.
Very wishy washy on the current funding.
Crude. All that you state is correct. But the idiot Farage, and others did not realise, like any sensible human being would, that the Eu , especially Germany and France would fight, with every tool in their bags, to ensure brexit would fail. It is in their interest for brexit to fail. The better approach would have been the arduous task of regaining some sovereignty by fighting within the EU rather than outside. The Brits always played the 'agreements' by the book. eg EDF is the main contractor, with Chinese finance on the Nuclear PS Hinckley \point C, 2 new reactors, worth £30B+. This is crazy. There are no UK contractors who could have done this? Where are the big UK projects in Eu? None. Within the EU, there should, and should be now, a concerted effort by Govt to buy and use British. Germans buy German goods, sim. with France and Italy. The Brits buy from anyone. We are the biggest importer of Merc cars in Eu. Tesco failed in France and Germany. Lidl and Aldi are raking the money in. We need a sea change in our buying ideology, and act more like our European colleagues.
Rant over, Sorry for OT.
Watching now. Fair bit of detail being added to what is already known. The rest is all about hopes and expectations for the short and medium term. PR exercise reveals how they are moving forward, managing a Co. with lean resources. Stuff about share buybacks and dividends is irrelevant. Tax issue misunderstandings being constructively discussed in a cooperative manner . Why is it a Court case then?
Drilling schedule outlined, with targets, reserves and mention of a prospective partner. No dates indicated.
Biggest issue of finance pretty much glossed over. Ongoing talks with industry operators and alternative funding routes of debt/equity being considered.
Slides showing progress on the ground for LNG tank, proposed flowlines and civil works. No ref to the bad weather which is hitting the area atm. Gas is under huge pressure 300 bar, technical safety aspects discussed. Doubled storage capacity. Distribution choices under consideration for monetised gas.
Competent team moving the project on in stages. Getting main finance package in place is obviously the biggest mover. Talk is of field developments over the coming months ... but the Co. will run out of cash in a matter of weeks
Not any straight answers from the management yet.
I also agree with that Mr Pound but whatever they tell you as answers will never ever be close to bad news so the questions will be filtered for sure , the previous BoD did it all the time as Parsons told me they did so what's the point of you cant answer truthfully and yes each their own
Be prepared for an outline of the business strategy moving forwards. Let's hope it's not just another AIM Co. wishful-thinking exercise. Far better to have some meat on the bones, appropriately signalled via RNS, to update on latest developments than musing on some hoped-for targets. Prospects looking much brighter now than they were six months ago. Farm-in partner must be close.
Personally I disagree and am looking forward to gauging how negotiations are going from this Q&A.
Keeping investors informed (to me) is important and that's all they are trying to do.
The extension and deadline for negotiations was always set until 15th March and I suspect that Graham and the Team may have thought (as mentioned in last Q&A) that there would be a material update for us all in February.
Unfortunately this hasn't landed in the form of an RNS just yet (for unknown reasons to all) which seems to have upset a few (probably minority) with the timing of this Q&A .
I and its disappointing after waiting so long with the already extended timeframes but the expression' dammed if you do and dammed if you don't' springs to mind for the BOD's.
If Graham and the team negotiate the best deal for shareholders long term then I will be happy.
Attendance of the Q&A is optional is people think its of no benefit.
Each to their own.
If there's nothing to discuss which it seems like, then all the QnA is is an investor PR stunt,to show the world and all that they are interacting which is good I guess but as stated unless we get something now to talk about or get confused about so we have to ask then this QnA is about as much use as a ash tray on a motorbike it serves nothing other than a tick on some list somewhere. Not good in my opinion but necessary , take note Ms Sarah as I know one of your jobs is to read this board along with others as you spend the beginning of your day having to do that, if we don't get any news then the Q nA is just noise like a barn door in the wind.
Becoming farcical. Surely they'll have to postpone
yoursoundenergy.com
Still no RNS !
Has anyone received information on how to access the Q&A session?
Sarah has promised to send info to registered participants but I'm still waiting in hope.
Can't use a Q&A session to update. The info has to be released into the public domain first through official channels.
That’s my guess PNE, but just in case I added a few today…..
Unless the Q&A has been called to mitigate more delays.
If we get news tomorrow it leaves little time for questions.
If no news, what are we going to ask?
Deadline 15/3. Surely if news at that point it would make sense to put on the event then?
You actually get my vote on that Crude but I don't think we are strong enough anymore, the days of the Tommy Gun-Toting Brit Bull Dog are long gone,this country has been diluted to that of fat free milk and we are on the slide to insignificance and I am an x serviceman it makes me cry sometimes when I see our vets the way they are treated and I am making zero apology for off topic as if you don't like it don't read it
Testpack, Brexit is in a transformational state. The trouble with being so engulfed by the EU is something akin to being strangled by an Octopus or stung by a jellyfish: there are so many tentacles to unravel that it is quite unbelievable that we could have been so engulfed by such a project. It is only now that we are trying to unravel the spiders web of bureaucracy that we see how malevolent & insidious the whole project was. It is going to take years to unravel & free ourselves of a Union that would seek to drain us of our sovereign powers & coerce our subjects into a European 'Super State' that we flatly rejected back in 2016!
Crude...apolgies for O/T
Interesting reading the comments about The failures past events. The 'geologists' comments saying 'sell'was insightful, but the non commercial comment was incorrect, since we have 4, I think' wells that flowed with 'above' commercial quantities. The big mistake The bean counting failure made was not monetising those discoveries at the time. The one comment from Mitchener that really exposed the direction of the company under The Failure was when he was asked how many shares he held in SOU, and replied 'not enough'. I contacted the company and was told he did not hold any shares. So holding none was 'too many'.lol. I bought my main tranche of shares in SOU at the 4p offer when it was Sound Oil. Around 2014 probably. I sold and bought over the following years, and indeed bought as high as 60p. I dripped the sells on the way down, and kept a few thousand for daily sp price checks. Naturally, I am more happy now that we have an OnG man at the helm. Will things move fast enough, of course not. I am in another AIM company in Morocco, a start up mining company for Potash. This company is being tested to the full limit by Moroccan bureaucracy, and/or lack of info. from the company. I will always remind investors that the prime directive of any CEO, especially with AIM companies, is to make themselves rich, and secure their families future. If the company succeeds, that is a bonus.
BTW Crude, how's Brexit going? And don't forget. you chose this platform to express your political ideals, I did not invent them for you.
An early Thursday morning RNS would serve as a useful statement from which appropriate questions can be formulated in time for the Q&A event due to take place involving GVL and team.
Just hope it stays at this level or a tad lower past the new tax year for an isa transfer?
Sod it, what’s another 51,000 to the pile. It’s March after all ;-)
way too slow, the work is not quick enough!