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can’t anyone see gl is simply using similar techniques to jp? jp talked the talk but ultimately was woefully inadequate at walking the walk. same with gl. it’s like a confidence trick, all non rnsd rah rah positivity, lame photos of minor progress on an lng tank (one aspect of a huge to do list re phase 1 still) that should have been producing by now and *******s and bluster. yet the cold reality is this project, its complexity and cost and delays and incompetent and evasive and distrustful management are going to break at least existing shs imho, possibly the company. there’s no news near in my view, a summer whinging video to explain further delays and lack of delivery after a near certain 30% dilution fund raise is coming (on top of the 12% interest related dilution all shs were rudely reminded of yesterday ahead of a long weekend!). sp will be at 0.4p by may imho. gl is a chancer, a bs artist. it’s all talk and no action no delivery no cash, same as ever with this company. a big bottomless hole in the desert full of sh cash.
This is similar to interest only deal on the Beverly Hills.
Only this is in A Bigger Location in Morocco.
Pipeline Future for SOUND - BUY BUY BUY
Frustrating on this bb. Many are truly clueless. This doesn’t bring a penny into sounds coffers. It merely repays what is an existing debt / interest. So no, it doesn’t keep the lights on at all. The new broker will no doubt lead a raise soon, sp below 0.4p by mid April is my view. Cheap for those still buying the 6-7 year dip in their new year ISAs!! Oh dear.
No, to keep the lights on
Sound Energy PLC - Partial Conversion of Convertible Loan Note & TVR.
We’ve all got a loan or a mortgage this looks like we are going for a move on to Bigger House.
House is SOUND.- BUY BUY BUY.
Even the most die hard ‘head in the sanders’ can’t fail to see how utterly moronic GLs last (and likely next) fund raise was. Read the latest RNS. A wave of interest conversions to come (totalling 210m shares at todays sp) that at the current sp account for 11-12% mcap, when the sp is back at 0.6p next Friday after 30m sales next week, it would represent 17% mcap dilution coming down the tracks soon. Dilution is what will kill SHs here, delays and dilution go hand in hand. All a result of zero delivery by management. All talk no delivery. Gonna be a fun short week next week…..eek…
Would agree, except it's a 'he'
No it is a self congratulatory , I told you so , self contentment feeling that dear kylie who to our knowledge is not invested and only appears to comment on Sou has when she sees weakness /sp falls back / delays ..you name it she wants to gloat in investors pain .. Lol
'back down we go....oops.'
Is this you declaring that you've actually bought shares in this company that you keep commentating on?
Your desperation is palpable kylie !
If there was such a thing as share price viagra, SOU would need a fist full every Monday. all buying momentum faded in true post-2016/17 SOU style. back down we go.....oops.
Keeptofacts , I for one hope your right . I think that something is going on , but what ? Time will tell I’m sure …lucky or unlucky,the latter so far here for me & loads more good people
The point is, I won't be wrong in the end!
you have to be right forever, I only have to be right once, the time it matters!
That’s great , Keeptofacts but if we’re keeping to facts I’m not sure you’ve 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
“I'd rather be positive and wrong”
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