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I wanna wage.........! :()
see below.....! :)
All the best (do keep up......! :)
There’s many a director that would rolled over to Calvalley just to keep their own pay cheques coming in. Graham has my respect that he is doing what’s best for shareholders.
How many times can one person keep saying the same thing. Excuses, delays, excuses, delays blah blah, nothing new. Move along.
Turnoff - he’s doing exactly that ! Pay cheque every month and no deal signed.
No other suitors and no added value to SH value. What was the point of that interview apart from confirm again nothing happening.
I don’t see it like that. It sounds to me from listening to the last Q&A like Cavalley want something that isn’t in shareholders best interests & Graham is pushing back on it.
Can I ask , how do you know that no other suitors are about ? This info would not be available unless your high up in sound ,one would imagine!
Simple really - GL would have mentioned it and issued an RNS.
Phase 1 revenues would help keep the company running.
Phase 2 - would add large annual profits for many years to come (from 27/28 my guess)
Further successful drilling could transform value of SP somewhere in-between
Both Phase 1 and Phase 2 (short and long term building blocks) have been well documented for some time and Graham has always stuck with his script from this perspective, but just not stuck with the timelines much to the frustration of most investors (and annoyance to some rather bizarrely noisy non-investors).
Personally, for what its worth, I now plan on sticking and leaving my chips on Sound so really just hoping the Calvalley deal gets across the line , AND SOON!!
I wish all patient investors here good luck.
Utter BS - and you know it ! I will await PS response with his forensic detail on cash flow , revenue and prospects of drilling.
Sounds a bit lame having to wait for a friends thoughts.
I'm not sure you can have forensic detail on a drilling prospect.....
It's still a hold for me.
Good luck to all genuine holders and enjoy your weekend.
Out of mild interest, which bit did you think was 'Utter BS'?
I would be interested for you to tell me, then rationalise some of what you say + develop a voice for yourself?
Come on, you can't write 'Utter BS' then not at least try and explain why?
Or was it the 'annoyance to some rather bizarrely noisy non-investors' line that rattled your cage?
Keepingitfiction - why don't you provide the forum with, "forensic detail on cash flow , revenue and prospects of drilling" instead of disingenuously 'await' a response from PS, who I suspect is unaware of your attempt to align yourself yourself with him or her. Surely the cash flow, revenue and prospects of drilling detail would be very much form the basis of your continuous waffle, here?
I take it that the faithful weren’t impressed by the latest presentation today! PS is no friend of mine but he’s very good at picking at the details. GLA
Graham was very upbeat than his last presentation...he sounded very up beat....soundboy.the legend of soundenergy
Hope your correct , we have all had enough of sub 1p I feel gla
No he didn't sound upbeat.
I listened and thought it was not a great interview tbh….
... sub 1p feeling is nothing compared to my sub 96p feeling. #hangingin
Yep , can’t disagree, parsons speaking sucked me in well at 85 p when some were selling well ! Never mind it’s only £££ but I do feel for some here that have even well hurt in sound
Keepingitfiction..........
"I take it that the faithful weren’t impressed by the latest presentation today! PS is no friend of mine but he’s very good at picking at the details. GLA"
I asked for your testimony against, 'forensic detail on cash flow , revenue and prospects of drilling' but here you are again trying to hang off PS curtail. Does this mean you can't and none of your diatribe to date is based on anything but utter nonsense?
SoundasaPound1, I agree with your analysis. I could throw in some caveats but in broad brush strokes you've painted it right.
I didn't think GL sounded 100% confident about Calvalley (I'd fault him if he DID -- he MUST know that dragging out the process this far beyond the exclusivity period is a serious risk). The risks thereafter are: i) Phase 1 and/or 2 have cost overruns that SOU has to borrow for or give Calvalley a bigger slice as per agreement (i.e. more dilution), ii) Phase 2 FID drags out for as long as Phase 1 did ... which would take us to the end of the decade!, iii) no funds for drilling beyond TE-4 and the ever-present risk of cementation.
This company will be in Moroccan hands before the year is out and they’ll get it cheap.Don’t have any dealings with PS - he’s got his view I’ve got mine
Oooo Friieeeeeennnd