Member Info for Acealfa

I do wonder if there's a lot more scepticism caused from the last deal that fell through back in 2019.

Everything KTF has wrote is correct but for some reason the sentiment & share price doesn't reflect the progress that has been made. Unless something comes to light that isn't in the public domain yet I remain optimistic & will keep lowering my average. I'm banking on Calvalley taking over SOU, hopefully for a nice price.

On the Predator board

Thanks for the feedback. Was there any mention of time frame for this deal to complete or when they hope to spud TE4?

Any update on Sidi?

PS sums it up in his post a few days ago. I do agree with you though that Graham should have it under control but I do remember him promising no more fundraises in a Q&A then we got hit with one the week after.

My concern is Sound only had enough cash until April going from last report & is burning though 300k a month. Assuming they start receiving revenue January 2024 they need to find £2.4m in the meantime. I hope this will be taken care of by some other means than dilution but I suspect that's why the price is so low.

"The Deferred Consideration Units are complex instruments and a number of factors will determine whether any amount will actually be paid to Scheme Shareholders by way of the Deferred Consideration Units. The minimum payment under the Deferred Consideration Units could be zero."

That's all you need to know about this 'deal' IMO.

75k here voting no

Can anyone else get a quote to buy? I'm not able to on IG for some reason.

Wouldn’t want to be out over the weekend.. ;)

If anyone's feeling a bit bored from lack of messages here, there's 300+ on Angus board to mull over!

The chairman rarely used to comment on RNS's it was always the CEO (James) so nothing unusual, maybe Graham has passed over the responsibility.

I am of the opinion the RNS was overall positive & thought this statement was worded purposely to show us they are detailing with serious players this time instead of the last unnamed entity that wanted to buy Sound's assets.

"The Company has received strong interest in the process from a wide range of credible and well-funded parties. Management presentations and data room evaluations are ongoing, and further announcements will be made, as appropriate, in due course."

I decided yesterday to bite the bullet & buy a chunk to greatly bring my average down to around 3-4p. I was only half listening on the Q&A as I expected it to be released later on but here are a few points I remember.

There's been much more interest in Sidi recently so hopefully there will be some real progress soon but don't recall any more talk of solar farms?

Reading between the lines we won't be drilling this year & licences will likely be extended. Once drilling starts it will be back-to-back for the 3 proposed areas. M5 has some significant upside. I did however see KTF's update since saying drilling still could be possible this year.

I was left reassured the tax issue will be dealt with. They have something up their sleeve to help their case but didn't want to give it away over the Q&A. Absolute worst case it is upheld but measures would be in place if so. They plan on taking it to the courts & have the resources to do so but they keep a channel open to the tax authorities to resolve it informally.

I'm much more confident the share price will start to reflect the progress that has been made.

If you want to sell a company you need to negotiate from a position of strength. It’s no surprise we received low ball offers when we couldn’t have appeared in a worse position of weakness.

I’m not against a fund raise so long as we can participate. For example warrants like in the past. Though I now wish I hadn’t used them.

https://vimeo.com/418060414

It was a long and confusing post but I think the jist of it was Saipem wanting to renegotiate contract because they aren’t happy being sat idle. Strange it got deleted.

He doesn’t need to end up with 3.1m shares. I suspect he won’t be selling any at this level and will end up with more.

Brace yourselves. The trading plan is coming.

JP's 3 million shares have now vested & If I'm correct he will need to sell 2,092,283 shares. That's if the plan was instructed to sell regardless of shareprice.

At least if there is a delay in testing no parellel can be drawn between his share sales & a non commerical well. I'm sure some will try though..

I should have separated the sentence better. I didn’t mean to suggest a million cars using 80,000 gallons just the relation to emissions.

Still a lot of fuel!

I saw an article the other day saying a cruise ship puts out the same emissions per day as a million cars, using 80,000 gallons a day. Doing your part Crude!