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Thatās great , Keeptofacts but if weāre keeping to facts Iām not sure youāve ever been right in your SOU BB lifetime. Topping up all the way down from a quid? Most definitely positive but wrong behaviour.
Best of luck
The point is, I won't be wrong in the end!
so a perfect strategy. I enjoy being positive and right. win win
āI'd rather be positive and wrongā
Great investment strategy, Keeptofacts!
No explanations, yeah but he cannot really use Covid anymore. Ramadan will do as a temporary stop gap.
"I'd rather be positive and wrong than negative like the miserable tw&t kylie/ps/keepitfiction/trellis/whatever pseudonym he picks next. "
To the best of my knowledge those are four different people. (Obviously all I know for sure is that I am only one of them). I don't consider myself negative, just realistic. The whole funding/Calvalley thing is baked into the assumptions in the SP Angel research notes. People are talking about Calvalley as if they were the cavalry riding over the ridge (Calvalley/cavalry -- you could have some fun with words there). The reality is that closing this deal is just the absolutely necessary step to keeping going as planned, not some big new development.
It's highly unlikely IMO that it is being held up in order to agree some glorious new drilling program. TE-4 is the only drill planned and I can't see how that could "double existing reserves" as the entire mapped reservoir volume is only half that of TE-5. Also, the six wells planned for Phase 2 are not exploration drills, they are just the necessary number of holes required to exploit the existing known horste volumes.
Any further drilling requires SOU to come up with cash (which they won't have until Phase 2 revenue is flowing and after they have paid down some immediately due debts), or another partner steps in (which COULD be Calvalley) in exchange for yet another chunk of equity. SOU has paid dearly for not exploiting TE-5 years ago, with the consequent costs (and attendant dilution) of keeping the company on life support all this time.
Every additional delay is more painful than the last as they have to keep giving away a relatively larger slice of a diminishing pie. And the current one is the most egregious as GL has no explanation for an entire quarter's delay (so far) with nothing but the usual platitudes: "it's not going as quickly as we'd like and everyone is working really hard". He's been given plenty of benefit of the doubt and is rightly credited with managing to keep the show on the road, but at this stage his track record on actual delivery can only be characterised as abysmal. I expect to see some sort of fund raise in the very near future.
No, but GL did say Calvalley and Octavia are backed by people with very deep pockets.
What does this mean , anything?
Does anyone know approx how much cash cavalley havs sloshing about to make a poss full bid for SOU?
I think I recall this being a possibility a few years back, but SDX are in the process of offloading all their Egyptian assets and focusing solely on Morocco.
Lots of synergies between Sound and SDX.
Is this a possibility?
The delays are concerning, but maybe all will be clearer around the new financial year, which in theory people have more freedom to use their ISA allowances and perhaps better buying power. We have waited a long time for the news we all want and to be negative all the way through is a pointless exercise, when the potential here is much further North. Just my thoughts on the subject and most probably totally wrong. GLA
Agreed.. we really do
Thanks soundasa ...
I'd rather be positive and wrong than negative like the miserable tw&t kylie/ps/keepitfiction/trellis/whatever pseudonym he picks next.
Life is too short to be so negative all the time.
Either it is simply taking a very long time, but we get there in the end or there is more (positive) stuff going on. Either way the miserable tw&t wonāt get his wish.
That makes my day, everyday. š
What utter tosh, do you not listen to his videos? it was very clear that pretty much all the chess pieces need to be in place before any of the separate elements can be finalised and signed off. they are all inter-related. there are clearly some aspects of the GSA, or licence or bank funding CPs (he's mentioned this many times) that are likely holding things up to me. CalVal wouldn't sign without those being in place and the Bank won't lend without the equity proportion of the funding (i.e. CalVal) being in place. they are all inter-related and dependent on each other. I don't know which call you listened to that allowed you to reach that conclusion but as usual it's lazy, under-researched and baseless twaddle.
KTF,
For what its worth, personally I have always been a fan of your glass half full posts.
I am now hoping more than ever that you are right about this.
(I know that tying in all the contracts is complicated, and I have no doubt also simplified in my mind but this does seem a seriously long time to wait doesn't it?)
If you are right, then there could be very exciting times ahead with future drilling (just how far ahead will that be....no-one really know until they announce it?
GLA shareholders
I am increasingly convinced there is more going on here (in a good way) than Calvalley just taking forever to sign.
the non binding terms were alrready agreed on 13th June, 9 monhs ago! Due dilligence was completed many months ago.
as Graham said repeatedly 'no news is good news' but this is taking far far longer than it should.
Maybe it's Calvalley coming into Annoual as well? or Maybe it's a full on buy out?
either way we need to know.
Still no update.
This delay is beyond painful (and far longer than suggested)
For 24/25 I am seriously hoping Graham can start setting more accurate timelines for when key milestones and news updates are likely to arrive.
Timex or Seiko for me , does the same job & nobody wants to rob you . Come on sound give something to chew over & makes us happy , thanks
ROLEXSUBMARINER or PATEKPHILIPPENAUTILUS.
Watch out for SOUND - BUY BUY BUY
10p buy out is the starting point
Or an offer from someone else ? Time will tell , but interesting Graham thinks the next drill may double resources & six horizontal wells for phase two ā¦. If we are be sold , get us a reasonable price , please
Could the delay be that cavalley are interested in buying out soundenergy..weighing their options up..I wonder.
The very last statement GL said in the last presentation was āThis is happeningā. So that confident statement should be reassuring to shareholders.
Zeus is the god of the sky in ancient Greek mythology looking after SOUND ENERGY LTD.
Date Time Trade Prc Volume Buy/Sell Bid Ask Value
25-Mar-24 09:12:36 1.0275 1,000,000 Buy* 0.902 1.03 10.28k
Great Start to the Day.
The only way is Uo for SOUND - BUY BUY BUY
Maybe we are putting the FOR SALE sign up.
One thing is for sure we need to know what is going on with Calvalley
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