Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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at least that would be logical.
Unfortunately I think many just want everyone else to be as miserable as they are.
Those who are still averaging down wish the sp will go further down.
Ps yes I do think the shareprice is holding up especially given the tax demand, no news and a depressed market. . I don’t agree with your statement it will be sub 1p by the weekend and it may even be up at the end of the day!
Watergate even if the shareprice was 4p then it wouldn’t make any difference to where we are right now. What’s important is where we are at the end of the year and moving into next year.
PS, hardly realisable assets ? Lots of gas in the ground and permission and all permits in place for a pipeline so that’s got to be a fair worth.
Unrealisable assets. Unless they raise all that money.
I'm sure it was an accident, but you forgot to mention the assets they have.
:)
Just to reiterate what SOU needs to do to survive:
* Cancel or defer the tax bill ($14m)
* Roll over the debt (c. $20m)
* Raise money to keep the lights on for a minimum of 12 months (c. $6m)
* Raise the finance for micro-LNG implementation (c. $20m)
Current market cap: $18m.
But we have a plan of action. Call me when the "action" part kicks in :-/
ST123, the 4p was a bunch of traders piling in on a glimmer of good news to trap the unwary. They have left with their profits.
Ps if it was in the doodoo before the tax bill then the outlook was not reflecting this when it was recently 4p. Like I said, if the tax bill is sorted then we are simply on the same journey to first gas.
Pduk not really at this price. I think the feeling is the Bond will be rolled. There is a lot of gas if the micro lng works. Without the tax bill I see it as a great calculated risk. But not with it!
ST123: "I point out again that if the tax issue is sorted then little has really changed with the plan so patience is clearly needed "
And I point out again that SOU was in deep doodoo *before* the tax bill arrived, and that a plan on its own won't save it. Do you still think the SP is "holding up"? ... on current trajectory it will be sub-1p again by the weekend. Makes you wonder where the money is coming from to even keep the lights on next year. An equity raise would obliterate current holders even if the company survives. But thank heavens there's a "plan" :-/
thanks, be a while before I make anything on val. bought years and years ago. nothing but dilution and share consolidations since. oh well, it's only money :)
I LOVE the thought of that, daveyboy71. Agreed, would have been to have seen their faces but again they coined it over the years.
Hope you're doing well on VAL keeptofacts. Up 17%.
Lights off first.... or leave the last 50p in the meter to run out
I wouldn't be surprised if the clowns were pushed out by Ogif, it did make me smile they didn't get their contact termination bonus, something deeper in their working practices to be forced to walk quietly.
guess you didn't like my reality check on VAL :)
I wouldn't be surprised if the clowns were pushed out by Ogif, it did make me smile they didn't get their contact termination bonus, something deeper in their working practices to be forced to walk quietly.
Joe it goes well beyond that it my opinion. Being a tad generous and parking the 14million tax bill to one side, we still need meet the 28million bond payment by June/July 2021. And before that can happen we need to raise additional funds to keep the company going beyond February. If James Parson, JJ Traynor, with their many years of experience thought this was salvageable, then why did they jump ship before the job was done? I have asked this question and hope to get this answered in the next Q/A
Hinges on this tax bill imo. Get this sorted and then I’d be happy to be back in. Too risky at this price atm imo
I feel the same as others. Happy to hold if there’s a certain future but at the minute it feels like I’ve wasted years being in this share only to lose a significant amount of money.
Frustration across the board here and it’s totally understandable. It’s a huge test of patience for everyone and mine is certainly at breaking point.
Just hoping that GL will deliver some good news within the 2020 stated timeframe and then hoping that Sound will become a more stable company/investment for existing and newbie investors.
Ps yes it did take a hammering and this is indeed depressing but it’s not because it was a dog of a share. The whole market was down yesterday but many in this sector were particularly hit badly (chariot and others for example were down even more than us) so this would clearly point to market movement due to the second covid wave I suspect. With no news on the horizon and an ailing economy then there is certainly not going to be any feel good factor but I point out again that if the tax issue is sorted then little has really changed with the plan so patience is clearly needed even though it’s not easy at present.
Another day, another -7% hammering. What a dog!