Member Info for crudehope

In my opinion, it is a waste of valuable company cash. When buybacks are announced, any share price increase will typically benefit short-term investors more than investors seeking long-term value. This creates a false signal to the market that earnings are improving due to organic growth, which could ultimately hurt Sound's value. At best it is a 'shot in the arm' for traders looking to bail, absolutely no good for LTH!

Crude

Zann, thank you in advance. You seem like a well clued up investor with incredible insight. Are you the Prophet we have all been waiting for? How shall we follow you....you don't happen to have an old sandal, by any chance.

Fcuk me , where do these people come from. Seriously, thanx for your incredible insight. Nostradarmous had nothing on you....

Sundance, I like your parabolic, almost whimsy description of a tidal beach where shareholders, over the years, are washed up like useless & discarded plastic articles. The high tide brings them in on the surf with a wave of optimism, only to suck them under in an undercurrent of failure & drowned dreams. Thus it ever was on the ever choppy waters of the AIM!

I agree, StMary. There will be quite a few long-term holders who may never make a profit or even be made 'whole'. But many, I am sure, are optimistic about recouping some of their 'hard-earned' & why not. It has been all too easy for LTH to resign their investment to the so-called 'bottom drawer', consigning it to history & maybe a lesson learned. These new 'whippersnappers' only know what they see now & good for them. Us old timers are maybe a little long in the tooth & pessimistic...just like 'Statler & Waldorf' of Muppets fame...

"It's time to play the music

It's time to light the lights

It's time to meet the Muppets on the Muppet Show tonight"

Crude...maybe it is almost time to play the music & light the lights.......

Keeping it fiction, as usual. You were all mostly grateful for the time.e I & others took to post from the multitude of events we attended. I have absolutely nothing to reproach myself for except maybe being naively honest about my actions. But the more one spends on the Internet the more one learns about human behaviour & how people can be totally misjudged & even hounded. Luckily for me there are some lovely people I have met in my journey with Sound who have much more insight into my character.

Cheers for now & Merry Christmas all.

Crude.

For plastic read clastic & for Zindonesia read Indonesia. Fat finger phone syndrome.

Kylie, actually no. My very good friend Uncas was the Facebook Moderator. - I never got involved. As far as 'hope'is concerned, I'm sure most of us (maybe not you) are wishing & hoping for a successful drilling campaign. There is no harm or shame in that. We're all full of hopes & dreams one way or another. I would say most here would think there is a certain amount of luck involved. As an LTH here I've seen more than our fair share of bad luck & poor decisions. Bad luck in zindonesia, certainly with horrendous weather & thick, plastic rock breaking drill bits. At the end of the day, it's good or bad luck if the hydrocarbons are still in situ or if they seeped away long ago. Only the drill bit ultimately determines success & I've found private investors to be superstitios , hopeful, even after they've done their own research.

Cheers & good luck to us all!

Kylie, what are you like! "In the nicest possible way" you start your post & then go on to character assassinate a fellow investor/poster! If you are going to do that sort of thing don't pretent to be nice about it! You do know it's Christmas - Good will to all men, women & undecided!

Adam, take no notice...he/she is just being all bah humbug!

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Adam, unfortunately, 1p is not a 'starting point' for most LTH here. But I will be bold & hold for the gold not regretting I sold & told but did not fold...

Crudely rhymed

Stmary is definitely no troll...the very thought of it! He's been here a long time & he's a realist - there is a difference.

A bit harsh, Kylie. If all we have to worry about is slipped time lines then it won't be so bad...we're used to them!

Goza, that's a possible explanation but might well require us to issue more shares in that scenario.

PoEun, I'm more than happy for there to be a continual 'Closed Period' if it means we are continuously releasing RNSs! I'm interested in GLs phrase, "strengthening the ballance sheet' & what it might mean specifically. Restructuring debt is one thing, but raising more money is something else, especially when mentioning possible diversification.

Merry Christmas...Crude

All questions relevant & interesting & clearly answered with much enthusiasm & optimism. I wrote much more on this forum as the meeting progressed but inextricably lost it. Anyway. I am very enthused & as Graham says: "The 'Market has started to realise our potential since the conclusion of the Managem deal"

Cheers all...Crude

Sundance, you did well to get out of Range with a tidy profit, especially with Pirate Pete in charge!

Job, it's just idle chit-chat between RNSs whilst we await next week's excitement.

StMary, well observed.

Sundance, I'm not sure any such case would have stood up in a Court of Law. One wouldn't want to get tied up in a 'Jardyce V Jarndyce' situation. To quote Dickens: " This scarecrow of a suit has, in course of time, become so complicated that no man alive knows what it means". These things can drag on with only the Lawyers getting rich whilst the litigants get rinsed!

Anyway, all this negative talk I seem to have instigated is taking away from all those positive vibes of yesterday.

Crude

Sundance, I'm grateful for your insight & recollections, but I wonder what happened to that litigation. Did they settle for millions?

Hi Mebo, hope all is well with you. It would be great to meet up with you & the rest of the Moroccan trippers who visited Oujda...what times we had on those visits.

Soobirs, yes I remember that but can't remember who it was. he could have met BM in M&S but I doubt he got any nods - more like a nervous twitch...

Keepingitfiction, an apt name. So you say the City of London Peelers are also involved - Inspector 'Monkfish' himself no doubt!

testpack, You do amuse me. Anyway, I don't hold shares in any other JP projects & no, we don't still meet up for tea & biscuits & yes, I do still live in the South Downs National Park with glorious views of the rolling downland.

Cheers...Crude

Mr_Wolfe, not sure I can take all the credit for the tea & biscuits at Sound HQ - there were other investors present - maybe half a dozen. We were trying to get a feel of what was currently going on. There is nothing like a face-to-face conversation to try & gauge the feelings of the Board members present, although as usual they were all being tight-lipped on sensitive information, as you would expect.

It is a shame those videos were taken down as they were meant to be an historic record of events that would hopefully have led to success.

Crude

Pduc, a timely reminder of the good old/bad old days when optimism knew no limits. As you say, many had already been here for years when Morocco came into our portfolio & everything seemed possible. The days of massive share dilution seemed at an end & new gas-rich fields were being evaluated. No doubt there were some wildly enthusiastic posts but we had been through the mire of Italy followed by Indonesia. Like a dehydrated dyeing man drinks every drop of water in sight, so we investors lapped up any information or speculation we could. Collectively, we wanted to believe. Now we have a new era & once again there is optimism & again, we all want to believe in success.

Cheers...Crude (BTW, I don't ever remember crying - it's not the sort of thing I ever do)

Testpack, nothing wrong with my memory but you seem to be conflating two different episodes in our history. The 'memory' I was referring to was 2011 & the beginning of our Italian campaign & nothing to do with Morocco, which was post Indonesia & completely unrelated! As per my previous post, I didn't sell on that amazing run up to 66p but my mind was forever after more cautious about sudden rises & when to sell. Most folks here should have some idea of what SP they have in mind for an exit strategy & my exit strategy was when I had made more than enough profit to pay off my mortgage...surely making money is what we are all here for! As for your defamatory remarks regarding my good character, I just put them down to coming from a sad conspiracy theorist who really hasn't got a clue!