Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Hoping so, but there are things going on elsewhere (LNG imports, other suppliers..) that would reduce/delay the interest in SOU output unless a good discovery that would shift the Moroccan strategy into considering SOU as a priority.
You don't consider getting phase 1 and phase 2 revenue which will generate more net profit to sound per year than current market cap would make things 'rosy'?
of course a good drill result could send this stratospheric, but that's the cherry on top of the cake.
This dog has lost trust. unless there is a successful drill, things wont be rosy.
SAYS IT ALL NO Directors buys
I remember someone on this post said it will shoot up after Ramadan
Here we go SOUND START.
Prc Volume Buy/Sell Value
12-Apr-24 16:29:49 0.88 17,392 Buy* 153.05 O
12-Apr-24 15:55:35 0.88 26,304 Buy* 231.48 O
12-Apr-24 15:49:01 0.88 56,818 Buy* 500.00 O
12-Apr-24 15:47:57 0.88 272,727 Buy* 2,400 O
12-Apr-24 15:35:55 0.88 100,000 Buy* 880.00 O
12-Apr-24 15:22:58 0.88 110,000 Buy* 968.00 O
12-Apr-24 15:00:50 0.88 48,810 Buy* 429.53 O
12-Apr-24 14:57:26 0.88 57,761 Buy* 508.30
The Moroccan dirham (Arabic: درهم, romanized: dirham
0.080 to the Pound Stirling.)
Dirham is SOUND ; BUY BUY BUY
“Que sera sera” Doris Day
No one in the know is buying though- doesn’t that seem strange to you !
Think about that when you spend your hard earned money and the money earned by directors haven’t bought for 7 years 😱
I’ve had some more today , thank you seller & if it’s a mistake so be it !
“Never let the truth get in the way of a good story “ Mark Twain
So why doesn’t he buy some shares? and don’t do the closed period argument
Careful Soobirs, you'll ruin their story 😊
I'm interested and I am going to buy some more today. I liked the 'undervalued' comment from Graham and am happy to go with it.
They would be right lol
Seems no interest in the share. Looks that people are thinking nothing happening : (
Very mysterious. Can only sell and not buy at this time???
Yes
Do I still keep the Veuve on ice?
No buy or sale so far...
Earlier post got truncated. I was pointing out that GL is talking about no more dilution while failing to note that there's potentially hundreds of millions of new shares already baked in from last year's loan note. And while he says that he "hopes to be closing on Phase 2 before having to go back to SH for more money", I take that to mean as soon as he gets a lift in SP from closing Phase 2 he'll do a raise. It is the tried and tested SOU approach after all.
Apart from the cringe factor due to lack of progress, there was also actual BAD news: definitely no hope of LNG tank completion before “early 2025”. Remember, “early next year” for SOU has always without fail turned out to mean “we have absolutely no firkin’ clue”. And the alternative temporary storage is now “only if economic”. So I’m going to predict here and now: first Phase 1 revenue not before H2 2025. Call me on it when I’m wrong.
Phase 2 FID clearly going backward as well. How many times have we heard about the FEED having to be redone? Should probably save the hassle and wait till everything else is in place and then figure out what the hell year it is for the FEED price update. My prediction for Phase 2 revenue: definitely not before 2028.
And finally this absolute howler:
“As we deliver on our work (slower than I want) but as we start delivering on all of these activities that the market will start picking up and recognising that we’re not far from production, we’re not far from sales, we’re closing a large transaction to fully fund us for our project. So I think hopefully the market will start rewarding us.”
So would he at least agree that the market is punishing him for an absolutely catastrophic delivery record so far?
That entire video could have been summarised as: "ABSOLUTELY NOTHING NEW TO REPORT (except Graham's new moustache and a few bits of bad news slipped in surreptitiously)".
Really, GL should proof-read his answers and weed out those in the "pathetic excuse" category. Easter happened? Who'd have guessed it, we never saw that one coming. Also, blaming the wind sock? A quick google against JUST www.moroccoworldnews.com:
11 Aug 2023 — Morocco's tourism hub Marrakech was hit yesterday by a sandstorm that plunged the city into chaos.
19 Oct 2023 — Strong wind with local dust storms of 80 to 100 kilometers per hour are expected
20 Oct 2023 — Morocco's weather office forecasts more dust storms will hit several provinces across Morocco
23 Oct 2023 — Morocco’s Highway Company Asks Citizens Not To Travel Amid Stormy Weather
1 Nov 2023 — Moroccan Drivers Warned of New Dust Storms in Coming Days
15 Dec 2023 — Morocco's Ministry of Equipment urged road and highway users on Monday to exercise caution and vigilance due to strong gusts of wind and sandstorms (for 3 days)
23 Jan 2024 — Morocco's Ministry of Equipment has warned road and highway users to exercise caution and vigilance due to strong gusts of winds and sandstorms
07 Feb 2024 — Strong winds, thunderstorms and snowfall to hit several provinces
09 Feb 2024 — Strong Windstorm Causes Flight Disruptions Across Morocco
22 Feb 2024 — The Moroccan General Directorate of Meteorology announced today the likelihood of strong winds accompanied by dust storms
02 Mar 2024 — Several provinces in Morocco are expected to see strong wind and dust storms
22 Mar 2024 — A new weather alert indicates that strong gusts of wind with dust storms ranging between 75 to 90 kilometers are expected to continue until Sunday
24 Mar 2024 — Morocco is set to see strong thunderstorms accompanied by hail and powerful winds, along with dust blowing on Sunday
08 Apr 2024 — Low or absent visibility caused by strong gusts of wind and dust storms expected this week in several provinces across Morocco.
We're not talking about freak events here. The dusty Moroccan winds from the Sahara are a regular feature, they even have a name: the sharqī (chergui). Regular events are things you plan for, not make excuses for. And for god sake stop telling us "it's not going as fast as I'd like", it makes you sound like a helpless victim. Ever heard of the concept of "the buck stops here"?
No new update whatsoever on the deal or finances. No explanation for how things run entire quarters (and even years) over time budget. Are you completely unable to learn from past experience? Lots of repeating of stuff we've heard already, but never addressing the question of WHAT IS THE CASH POSITION RIGHT NOW? It's clear there's no plan B if Calvalley doesn't come through but would be nice to know when that will cause serious trouble. Also, no plans for more dilution but fails to mention that there's hundreds of m
KTF - and by the way I’m not Kylie or PS . If you want a serious conversation about making money on this share can you tell us all how much money GL has earned since joining Sound - it’s public knowledge and you love transparency. How has the share price fared in the same period? How many options have been made to him and fellow directors? How many directors buys have been made ? Perhaps you could address each point tomorrow after no RNS is made about any deal being signed and yet another chat on a share chat website which means nothing and hears to the end of fasting FFS
But who benefits from kicking the can down the road ? Is it KTF pound cost averaging? Not sure he’s got to grips it doesn’t work if the SP doesn’t rise ! Or maybe the directors pay every single month? Answers on a postcard to SHs have been mugged.
Same old story of kicking the can down the road...
A as holder of 12 years, I have to agree. Phase 1 was supposed to give us early revenue to get the cash in before phase 2. 2025!??
And there was nothing there that gave me any hope that something positive would happen soon. I am not saying there is bad news, but these delays are beyond a joke now. I probably should sell and buy back in a few months, but won't.