Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Tincan your right, covering aspects from 21 December 2023 until maturity in December 2027.
The Meetings, are open and honest, no secrets.
Plan of action for success.
SOUND FUTURE : Buy Buy Buy.
Sound Energy, the Moroccan focused transition energy company, announces that, following discussions with certain holders of the Company's Luxembourg listed EUR 28.8m 5.0% senior secured notes due 2027 (the "Notes"), it has today published a Consent Solicitation Memorandum in respect of a restructuring of the Notes (the "Proposal") and that a meeting of the holders of the Notes (the "Noteholders") has been convened to consider the Proposal for 10:00 a.m. on 20 November 2023 (the "Noteholder Meeting").
I would imagine some chat have already happened between the note holders , hopefully a supportive conclusion will happen & sound will start its rise like a phoenix. Best of luck sound team with sealing the deals , making sound an amazing success.
Back To The Future
Still on Target.
British #energy firm Sound Energy Previously announced that its micro-liquefied natural #gas (LNG) project at the Tendrara production concession in #Morocco will generate its first revenues in early 2024, marking a major milestone for the company.
Sound as a Pound : BUY BUY BUY
Crumbs, i have to say I thought you were one of the sharper ones on here goza, think i'll have to reaccess. you obviously have trouble spotting a tongue in cheek post. i couldn't care less about grammar (it's an a not an e btw), or spelling. life is busy and 90% of the time i suspect people incl me are just careless and not plain stupid. i mentioned it a few days back as a joke, but that passed you by it seems.
much more relevant and important here, you might have all the faith in the world in the current mgt team, and that's great. i can't for the life of me understand why. no one has articulated that well on this bb. the only reason the sp is at a new record low today / next week again etc is sentiment and belief in and performance of the current mgt team. don't shoot the messenger. Speak to GL directly about it, oh hang on you can't as the drawbridge is well and truly raised at SOU HQ. I'm 95% from what I understand there's another funding raise going on in the background to keep the lights on in Q1 2024, they have less that 6 weeks of cash left and zero sign of progress or openness with existing SHs. With a mcap of below £14m now there's really no where for this lot to go. Pls don't bother commenting on sentence structure or spelling, i'd focus on what's likely a whole lot more important you to.
A flurry of negative posts over the weekend from the usual suspects.
they will then fall silent if the vote goes through our way (our way, not theirs 😊 ) but if there is the usual adjournment because of a lack of quorum (like last time) they will be right back on with the negative posts.
either way the bondholders will vote this through as 1: they are shareholders and 2: they have little choice as far as I can see.
The thing that always shows the true colours of the negative posters is not the content of their posts (such that it is) but rather the palpable glee they express at any perceived negative turn. It’s like ‘great there’s a delay, made my day ….’
Grammar, Goza. Grammar ;-)
Kylie, I know you like to pick up on grammer and spelling in other peoples posts, suggest you proof read your own before you pass judgement......will, do you mean with ? !!
Ok Greendragon, let's just say it straight. So right now, GL owns how many shares in total? 1m shares purchased at any point in the last few years is nothing really, there will be many SHs will many millions of shares. I maintain he has very little skin in the game, it's just optics.
1. His original share purchase wouldn't have been in an RNS because he was a Director. He bought over 1m additional shares in August 2020. This is evidenced in an RNS.
2. I can tell you from personal experience that share purchase/option schemes are not free money. I had to make a difficult choice to give up a large ( compared to my modest salary ) share option to pursue a different employment opportunity. The considerations were both financial and emotional because it was a significant amount of money to be giving up for what might have been an unsuccessful career move.
Neither you nor I can say how "invested" GL is in Sound compared to shareholders but in my view, the fact that he has a significant shareholding means that he has a huge incentive to make a success of Sound Energy.
Hope this top ups works for you ATB. I will watch it until April/May next year just to see where it's heading
Well , I’ve had a couple of top ups this week & I don’t care what people on here say . My money, my decision, so come on team sound time to shine soon gla
Hope SOU isn't taking same route as AMGO. SP is lowest ever!! Scary
Kyle, you talk an utter load ot tosh !!
Do you have any idea how difficult it is to manage a business with limited resources? I have been in O&G for 28 years now and I can tell you for a FACT that GL and the team behind him are doing all they can to get this over the line. This will get done, we will have success, we will have a rerate at some point because of that success. Please please stop sucking the life out of this share because you have been burned, so have I, by a very large sum but I still believe it will come good and the field will be unlocked!
You're delusional KTF if you refer to many posters who have called this right as 'idiots'. What does that make you who has posted 3500x on one company and got every post wrong? Secondly, no need to talk this down, the actions of GL and his team here are all that investors need to know, just look at the SP, it says it all.
Have you really never had a job where your TOTAL COMPENSATION was made up of
salary
bonus
equity
I can assure you that whenever I receive a bonus and equity awards I consider both to be as important to me as my base salary. Also, given any recipient of an equity award is governed by closed periods and selling controls they are arguably more invested than someone who buys shares and can sell on a whim.
back to watching the idiots try to talk it down again 😊
Also Greendragon, the glacial pace of progress / action and increasingly obvious contempt of SHs by GL and team is killing the SP by a thousand cuts, that is indisputable I'm afraid. We'll almost certainly trade a new all time low today, with best bid currently being 0.71p and absolutely zero sign of anyone wanting to take shares off existing SH hands at these prices. That's on the mgt team. They've left SHs horribly exposed and carrying the can for their underhand and incompentent management of the company.
Two simple questions / points Greendragon;
1. Show me evidence of GL's 'large' SH in SOU before he joined the board. Where is the RNS or any other evidence?
2. If you over pay someone vs what they're delivering in salary/pension/any other cash payments, and then you chuck at them some free shares to 'incentivise' them, i can gaurantee you that from a motivational perspective, they're free. It's not like he forgone hlaf his salary in return for the shares, these were additional bunce on top of an already over inflated salary. I fully get it, i see this day in day out. GL has no skin in the game. He's not as invested (emotionally or financially) as many PIs I believe, and in the end he's gouging a huge monthly salary from SOU regardless of any SH return (which despite many a protest here is the ONLY thing a SH should ultimately be focused on from a financial perspective, not how well a company may or may not do, they are mutually exclusive.) GL = JP, they are the same.
No you don’t get it. If you get shares or share options as part of a remuneration package then you have a financial incentive to work towards increasing the value of those shares for your own benefit. That is the reason companies operate employee share schemes . In addition to the shares and options granted under his remuneration package, GL had large shareholding in Sound before he joined the board . Everyone knows that.
Anyone think it's on his watch list....hmmmm
That is go to be one on the most inane posts I have seen, fool !
Is this dog still going, made some and lost some on this ,I'm out but noticed it on chat lets take a look maybe the reaper will call.
You are a seriously confused individual if you think that "Barrel of Laughs" is a nice man, hes paid to be nice ffs
With more faces than a cage load of monkeys, he lied, simple as that, then sat in front of Vimeo TV with a small little greasy-looking interviewer and they both basically blamed the investor for investing in Sound or even believing the hype .
We are where we are now so no need to dwell on the past but never forget THE reason other than my stupidity in not selling and getting the flock away from Sou that we are in this particular situation is partly because of the Chuckle Brothers Parson,s and Malcy so don't even breath a whisper that hes a nice man as hes not
yes soundboy, he is a human being, but he's not a 'nice man' as you put it. when he meets his maker he'll struggle to explain away all the **** he's done, imho
Hahaha, my point exactly. I mean honestly, what does Malcy bring to the table in Ascent? Answers on a postcard pls.....
more likely his payback from all the times he's fluffed up JPs adventures.
Soundboy, or whoever you are. I assume you missed all the times he crawled out of JP's backside at events to fluff up the company then post on his blog the following day about what a steel SOU was at 30, 40, 70p? It's all there on the internet if you'd like to find it. He was complicit in my view with what JP was up to, it was all a little chums club of back slapping and covering each other. That's my view, and I would be surprised if I was the only one. Just look at all the stuff hes written over the years. It doesn't take Einstien to see he was completely wrong on about 85% of his predictions / posts. That's his job. If someone the worked for me got 85% wrong, ate all the team lunch and sweated all over the fabric chairs, I'd get rid of them on the basis of them underperforming. Just my view of course. He only got away with it in the pre-2017 era as the SP was rocketing, but even during that time he got 85% of all other company posts wrong. Times have changed, I'm surprised he still makes any money from his blog at all to be honest, zero track record of it being of any use other than as bog roll in trap 2.