Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
I thought Chat gtp was amazing but this latest iteration seems light- speed quick! I asked it to write a poem about the Beatles & almost before I could snap my fingers it had appeared on my screen. It wasn't Wordsworth-like genius but it covered so many important stages of their career & was eerily knowledgeable! I just wonder if asked to perform the task again if it would repeat it...or is my AGI poem unique! I even asked it to write a letter (email) to 'Highways' about a road sign In my area I dislike. I gave it some salient points & bang, it appeared almost instantaneously! Even the so called Godfather of AGI (an English man called Geofrey Hinton, whose 'Backward Regeneration' technology is behind all this) resigned from Google because of his fears for mankind: being outsmarted by artificial inteligence is now such a worry & no wonder! This is beyond comprehention but can it be harnest by "Semi-evolved Simians" is the question of the century!
Crude...apologies for O/T but I am blown away by AI!
Southmeade, classic! I agree - but where are the rampers? The Warlocks with the witchey brew & snake oil..."Double double, Toil & Trouble". They'll sell you anything on AIM . If you are a regular Radio 4 listener you will be familiar with 'You & Yours' presented by the lovely Winifred Robinson. They talked about online gambling but AIM never gets a mention....DYOR is the only advice we ever get...and that's just us telling each other!
Very impressed by that report. I like the optimism of going deeper into Sidi as they say that target pre-sale depth has been ignored due to poor siesmic interpretation...techniques having improved sufficiently to reevaluate.
The tax settlement was a welcome shot in the arm even if we still believe no e was due in the first place.
Now we await farm-in partnersbut the general feeling g is of real, tangible progress on both phases. This is a big project for a time y AIM O&G company but it looks like we can achieve it!
Cheers all...Crude
Hey Mebo, like you I believe there is a chance for long holders to recoup - and even make money, here at Sound. All depends on how loyal shareholders are considered regarding funding. Anyway, I still hold the memory of our Moroccan trip & those taxi rides - one of which broke down. I enjoyed everyone's company so much & it was such a 'gas'meeting up. Memories & experiences like that are precious. You can't go to a travel agent & book a tour of an oil/gas rig....but we did through 'Sound Energy Tours' & it was superb!
Looking forward to the Coronation: Long Live the King.
PS, what we need is progressive, innovative financial solutions. Current Management will kill this stone dead for veteran Sound Energy investors if they do a 'Gerry Orbell' on us!. Our one-time CEO ,pre Parsons, nearly drowned us in shares. Say what you will about J. Parsons but he did at least take a different attitude regarding the raising of cash. This is possibly the one reason historic shareholders are still in the game. Once shares have been issued there a very rarely any share buy-backs on the AIM! Debt, however, can be paid back or credit extended, pending production revenue. I just hope they think about their loyal shareholders when deciding on their future CAPEX requirements!
Crude
I must admit I no longer have the knowledge that I used to have regarding Sound Energy but my interest is increasingly piqued as we surely get closer to some real action...the kind we had pre-pandemic! My interest is in our market cap. With circa 1.8 billion shares currently in issue giving us a MC of £33 million a 5 'bagger' only values us at approx £155 million. I've seen this Company valued at over £800 million before now. We all know what can happen on the AIM when a really juicy RNS hits the market; it's like a 'Nantucket Sleighride' as everyone wants a peice of it: everyone wants to harpoon the big whale & land the catch of a lifetime. But the possibilities are obviously reduced if we end up drowning in a sea of share placements! Sound have the assets but need CAPEX. How they raise that money is obviously crucial to shareholders earning potential.
Cheers all....Crude
Hi Moneyman, long time. I haven't heard from JP in years now so have no idea what he is up to. I think we all learned lessons here at Sound on how to trade & how not to fall in love with a company. As you say, DYOR is essential in all walks of life, especially when there are so many internet scammers around! But what I find sad is the demise of the O&G business. When I started trading O&G was huge & everyone wanted in. We all needed it in our everyday lives but it seems to have become so toxic it makes me either sick, sad or downright angry. The fact is it is a sunset industry & the sun seems to be rapidly setting. It will soon be superseded by renewables but I can't get excited by pains of photovoltaic semi-conducting solar cells...give me oil rigs, drill strings & drill bits. I have no interest in electric cars & wind turbines & as far as I am concerned I'm going to live out my life as I always have done, carefree & as far as possible rules free! I was born in the 60s & I reckon life has been good so far & no amount of so-called 'climate change' is going to dampen it or my spirit!
Crude...and what's more the Government can stick their Central Bank Digital currency up their arrsses! Cash is & should always be KING!
MM1959, I remember those Indonesian wells - nightmare! If it wasn't rain ruining ops it was thick, clastic rock breaking drill bits down there in Java & Kalimantan. Then we had the disappointment of Marciano in Italy. All that excitement turned to tears. Still, things are looking up again & we sure do deserve a lucky break!
I too wonder what happened to Entropick. He certainly was good value & we did have some laughs! I also wonder what happened to M33 investor (I think that was his handle)...haven't heard from him for years. But no doubt good ole 'Doc Holiday' is still coining it in up there in the northwest!
Crude
Testpack, Brexit is in a transformational state. The trouble with being so engulfed by the EU is something akin to being strangled by an Octopus or stung by a jellyfish: there are so many tentacles to unravel that it is quite unbelievable that we could have been so engulfed by such a project. It is only now that we are trying to unravel the spiders web of bureaucracy that we see how malevolent & insidious the whole project was. It is going to take years to unravel & free ourselves of a Union that would seek to drain us of our sovereign powers & coerce our subjects into a European 'Super State' that we flatly rejected back in 2016!
Crude...apolgies for O/T
testpack, the reason I sold a chunk was because the SP was falling. I know a very good friend of mine cashed out entirely at 75p. Another good, invested friend of mine congratulated me at selling 10% off the highest ever price. He was a City Trader & merely thought it a good trade. These two friends are well experienced & know the pitfalls of AIM. I talked to them before I sold & even announced it here literally as I was instructing my Broker. By this time & having missed a massive profit in 2011 I wasn't about to let it happen again.
My mortgage was due within a year & I was very alert to the fact it needed settling. That is it!
As for my politics, how dare you assume bad things about my character because I voted Brexit! What does that make me? I'll tell you, someone who believes in the sovereignty of our nation state...no more & no less!
St Mary...cheers.
Crude
Sundance, thanks for your comments. I wouldn't mind but there wasn't ever so much as a nod or a wink: JP kept his cards very close to his chest. He was always enthusiastic but you can't buy or sell because a CEO is bigging up his Company - every CEO on the AIM is a 'second-hand car' salesman! Oh, they'll tell you how great things are but never warn you when the wheels are about to fall off!
I sincerely hope GL can pull it off & I certainly am not criticising him, just blowing off some frustration.
Crude
testpack, when I first invested in Sound, Gerry Orbell was CEO & I made a point in establishing a contact with him. As it happens he lives in a lovely little village called Storrington, which is very local to me. We met at a Pub & had dinner & a chat. After the affable Orbel was deposed in a boardroom coup the even more congenial Mr Parsons was elevated from CFO to CEO. So I made a beeline for the new 'Major Domo'. He knew who I was & was keen to connect with his shareholders via a useful conduit such as me. He was new at the job & I fealt he liked having a shareholder to talk to. We did meet on many occasions for drinks & lunch culminating in his asking me to give a sharholder chat at the Shard, something I still feel much pride in. I also participated in 2 trips to Morocco & attended AGMs & events. I have been to HQ several times & got to meet up with many staffers. This I did off my own back looking after my interests, but also trying to get a 'feel' of the mood of the camp. James was never one to let anything specific slip off the tongue...but faith, conviction & belief in the Company was always guiding our conversations. I fealt him most sincere & if guilty of anything it may be over- enthusiasm, excessive ebullience & exuberance. He wanted to find hydrocarbons in Morocco as much as any shareholder.
I can't speak for what James Parsons has dome since leaving Sound & I hope the AIM hasn't corrupted him beyond the person I knew to be genuine, hard working personable & enthusiastic. He tried his best to reorganise the Company after the avalanche of shares that dear old Gerry had landed us with. No one complained at the time of Jame's 'innovative' debt restructuring & of course no one minded when the shares skyrocketted! From 6,p to 66p in that initial run back in 2011 (if memory serves). Then again we had a big increase ((post consolidation) to £1.04, this represented a huge rise from a very low base. Shareholders had the chance to make huge gains - not just once, but twice. Admittedly I missed the first 'Nantucket Sleighride' because I was so enamured of the Company...but once bitten twice shy. When it happened again I was not going to miss out! I sold when the share slipped from £1.04 to 89p. I saw the writing on the wall & had been there before.
In short, I enjoyed every last minute of being a Sound investor & had a great time. But there's nothing more than that to tell so tedtpac, move on, there's nothing here to see...unless you are one of those 'conspiracy theorists'.....
Good luck & best wishes to all!!
Crude
Sundance, Dave, & all the rest of you: let's get one thing straight. There was never a so-called 'leaky ship' regarding unofficial information. As hard as I tried I never once was in receipt of information that wasn't publicly available.
Yes, I made money, but only from being astute & having the constraints of a mortgage that was almost at the due date with over £60k outstanding. What would you guys do if the sp reached an unprecedented £1.04 & was falling back into the 90s? I sold a chunk & did what I had to do. We are all here to make money but I have a chunk left behind that is languishing. Money that isn't earning is like having staff that aren't working - unproductive & a useless waste.
BTW Dave, I'm no fool & I do realize this is AIM. Over the years I've seen so many companies & CEOs promise much & deliver nothing. You all know this is a casino. I'm not so-called de-ramping, I've still got skin in the game. Why do you guys think that Premiere League Managers get sacked on a regular basis (including my beloved Leeds Utd)...because they don't deliver. I'm not lazy when it comes to facts, I just have more important things to concentrate on these days. Anyway, like I said, nothing would surprise me more or excite me more than success here at Sound. More than most I have been the one that was encouraging & upbeat about our prospects & no one here should doubt my ultimate loyalty: I'm here until we are successful in Morocco!
Crude
If we are genuinely making progress then I am very pleased & reassured by your collective confidence. But like some, I have been here for over a decade & I guess getting a little impatient. I would like to see something really tangible happening this year is all.
Crude