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Don’t apologise for being thick Lyndon, my message is that anyone who is left investor in sound must be willing to see further losses and if they aren’t sell up and stop the pointless moaning about what James Parsons has or hasn’t done. Whoever invested knew the risks! Im sitting on heavy losses but it is what it is, sitting before a keyboard an giving out abuse is a waste of everyones time.
My gut feeling is this will be at 3p by Christmas as news of an unsuccessful marketing process is imminent. The longer this goes on without news the more likely it is that a buyer has been identified. Fingers crossed the lack of communication continues into December!
The silence is deafening. I’m struggling to see a positive outcome to the marketing process. I believe another fundraiser will follow news of the unsuccessful outcome then we’ll drill TE11.
Trellis, i don’t see it the way you do but I see your point. I’m in until a sale is complete. Hopefully I’ll see this before retirement (I'm 28 years of age).
Did you invest with the strategy of waiting for an LE/sale Scarf? If so then it’s still just a waiting game. I have also lost money (on paper) at this point and don’t get me wrong it is an awful feeling but I bought my shares in anticipation of a LE/Sale and that is still what I’m here for. Hopefully a sale with a positive outcome for all.
I don’t buy all this talk of JP’s wages. He has taken a cut which he didn’t necessarily have to do and people still want more. JP has stated he will get the best outcome possible for the shareholders, which I believe. All of the abuse being aimed at him on this BB and no doubt via email is counter productive. We have to get behind him because thats what’ll drive him to get the most out of this for us the shareholder. As it stands a lot of people have lost a lot of money but were they always invested for the outcome of a sale? If so the current share price although disheartening is irrelevant. The figures state 20 TCF( mid case), there is more is definitely more life in this for a major and I believe they will see that!
Pointless!
Any questions around the marketing process cannot be answered.
Surely news of some sort is due before the FSC? Without any positive news between now and Tuesday the FSC will be very uncomfortable for JP and the team.
I think we’re well over due a fire side chat!
Does anyone else believe the latest update on strategy actually could’ve been issued after TE9 results? TE11 was never getting drilled after failure at TE9 in my opinion. I also think the for sale sign has been up for some time. Hopefully the outcome is closer than we think!
#deliveringdreamsinthedesert
Positive news on the outcome of TE10 testing will be the trigger point for this share. Faith has been lost with the recent dusters and the news today although very positive isn't proving up anymore of the basin model as we already knew of gas @ TE7. IMHO
Hopefully news on a commercial discovery @ TE10 isn't far away.
How likely?
Oh dear
It could be worse......no news is better than bad news! The pipe dream is still alive ????
Take a look on twitter!
Did you ride the storm? #deliveringdreamsinthedesert
Slightly hypocritical!
We have another duster, not even a christmas tweet from SOU! How times have changed??