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Hi PNE, yes all is fine with me. Were out here in Lanzarote after two cancelled flights due to Covid. Fortunately the sun has smiled on us everyday so that goes some way to make up for the delay.
As you said, I was only privy to public information and when the price fell from £1 to 88p I saw an oportunity to pay off the £66k left on my mortgage. I still retain shares. One thing I could always say about JP was that he never had a loose tongue regarding price sensitive information, try as I might to prize it from him. Another thing I could add regarding collective greed is I well remember the early days (pre-consolidation)when the SP rocketed from 6p to 66p & most of us saw profits come & sadly go without realization. That was in my mind when the price retreated to 88p. Like you say PNE, profits must be taken or else what has it all been for!
Good to hear from you & I hope you & yours are well & prospering in these uncertain times.
I'm sorry some of you guys feel that way about me....but I am still invested & very much underwater with my stake. I genuinely live in hope of some return after all these years. It's getting tougher everyday to pay the Bill's!
Bigbench, & that's not just Christmas cool aid...that's the full 9 yards monty chrystal champas? I wouldn't want to be out of this for Xmas!
Happy Christmas all & a very Happy New Year.
Before any adverse comments, yes I am still here...like the Ghost of Christmas I have returned...bar humbug!
S'Crude...(Scrooge)...oh well, please yourselves!
Scarf, it was good whilst it lasted. I personally enjoyed my involvement with Sound . I met some super people & had a great time & travelled to Morocco twice where I clambered all over an oil/gas rig you can't get that expereince from a travel agent!!. But anyway, maybe we can be reborn, rejuvenated & revived...
Cheers...Crude
If the current spot market for gas is so high (Martin Lewes said it will be not so much a price increase to householders as a "price explosion)...then why aren't our Sound Energy booked reserves feflecting it in our SP! You might think we would have a small boost, at least. Shows how confident the market is regarding our chances of getting any gas to market any time soon. There will probably be a gas glut when we do...oh booger!
Crude
Medar, am I supposed to live in shame? I 'lived' this share for years & years & still retain shares. I live in hope that our company will one day succeed proving it was all worth while. But in any case I have really enjoyed being a shareholder; visiting Morocco & being a guest speaker at the 'Shard'. Getting to know the management & feeling part of the company has been a real education...all we need now is a share price rise!!
Crude0
Some people find a stock they adore, others find religion...I found the 'Beatles'! I am elated that I discovered the 'Fab Four' for myself. I watched that film called 'Yesterday', two years ago, & now I am addicted to the greatest band the world ever knew - The Beatles! I love all their albums & all the solo stuff from the component parts.
Anyway, I'm living pleasantly on the Sussex Downs but still waiting patiently for something to happen, here at Sound.
Cheers...Crude
mymy, I share your nostalgia. I would not have missed - for the whole world - travelling into the desert to climb up our rig at TE6 & beyond! I loved the trips into the desert with like-minded investors, such as yourself, & would not have missed it for the world! From a purely selfish point of view, I really enjoyed the Moroccan experience & all the guys I met up with. We had such fun & I would return with my friends in a heartbeat...
Crude
In my opinion there are just two distinctions or classes of rock/pop fans: those who know & appreciate the Beatles albums & in particular John Lennon...& those who are yet to be enlightened!
When I woke this anniversary morning these lyrics came to mind:
When I wake up early in the morning
Lift my head, I'm still yawning
When I'm in the middle of a dream
Stay in bed, float up stream (float up stream)
Please, don't wake me, no, don't shake me
Leave me where I am, I'm only sleeping
Everybody seems to think I'm lazy
I don't mind, I think they're crazy
Running everywhere at such a speed
'Til they find there's no need (there's no need)
Please, don't spoil my day, I'm miles away
And after all I'm only sleeping
Keeping an eye on the world going by my window
Taking my time
Lying there and staring at the ceiling
Waiting for a sleepy feeling
Please, don't spoil my day, I'm miles away
And after all I'm only sleeping
Ooh yeah…
John, you were the GREATEST of them all!!
pduk, refresh my memory...what were you posting when I sold some of my holding? You see I have a hard job remembering you at all! If you were a 'silent' poster you should still recall that I actually announced for all to read that I was selling some shares to pay down my mortgage! There was no secrecy - I was as upfront as anyone could be. I didn't sell & then announce it months later - I sold at 89p & told the world or anyone who cared to take notice that I was selling! Did I have to let anyone know or could I have just sneakily sold? That is not my style. I always prided myself with complete honesty when it came to posting & some old hands here on the LSE Sound website will know me for just that - absolute sincerity!
You think what you like but it cuts no mustard with me & I will lose no sleep over such implications!
On another note...
40 years today since the sad loss of John Lennon. I am spending the day playing the 'White Album, 'Revolver', Abbey Road & as many Lennon tracks as I can to celebrate the tragically cut-short life of the greatest rockin' roller of them all - the INCOMPARABLE JOHN LENNON!
Rest in peace John.
Scarf, I'm definitely NOT saying anyone got conned. What I was saying is punters should be much more careful with their money - me included! Yes there are scams-a-plenty out there but this was just a case of maybe too much enthusiasm, hyperbole & a collective need to believe we had such prospects that we could not fail!
Whenever I talked to James he always seemed genuine & genuinely excited for our Moroccan license prospects. We had a shot at the big time but for one reason or another failed. The quest for petroleum is littered with such instances. You can often read how many wells were drilled on prospects that were dry & when money was running out only for that last-ditch attempt to come in gushing. I'm thinking of 'Dad Joiner', who discovered the huge East Texas oil field with practically his last dollar! How many wells were sunk in Kuwait before oil was struck...The O&G requires lots of money, lots of expertise & some luck...we ran out of at least two of those commodities & arguably all three...though that is debatable.
Graham, good to hear from you. I hope you are keeping well & managing to keep the wolf from your doors in these strange times.
Cheers...Crude
Hello Albus old friend...I totally agree with your post. We should have all taken action after the 'Pandora's Box' that was the 'Deep Dive' was screened. The clues were there for all to see but even at that stage investors were still willing to take the chance that there would be some substantial hotspots that could yet be found. Also, many folk suspected the veracity of the seismic work we undertook. With hindsight, the clues were there & some astute investors took to the hills...certainly, my friend Appiamma sold up on the back of the negative news that was either real or perceived. He basically did not have the confidence that the Moroccan geology was anything like the Algerian, as enthusiastically advertised by the Company.
Interestingly I was listening to BBC Radio 4 program 'You & Yours' earlier today & some people had invested everything they had in a company called 'Dolphin Trust'. A company that seemingly bought a few derelict properties in Germany & leveraged them highly. They had loans from Banks in Asia, Japan, Singapore etc totaling £1 billion. But it seems to have been a 'Ponzi Scheme', paying out earlier investors from more recent ones. British investors total around 600 & some have lost a packet: one guy said he put his whole pension pot of over £800K into it! There were plenty of sad tales to listen to but I just had to reflect how easy it is to get sucked into a dream of future riches. The moral of that story was - if it's too good to be true then maybe it isn't! We all believe what we want to believe & no one wants to look in the mirror & question themselves. Almost everyone on the AIM is guilty, the savvy punter sees a modest profit & scarpers to the next bet, etc & so on. 'Wash, rinse & repeat' should read 'Bet, win some & move on'...
Crude
Hey Pete, just read your reply. I do hope something can be done for you - your prognosis sounds dire even though you don't say what the matter is. Maybe spend some trading profits & go private for a second opinion...but I'm guessing you already have. My thoughts are with you my friend & I do hope something possitive can be done for you.
All my best wishes...Kirk
Hey pete (Largerkhan) , I would like to add my condolences for such an excellent poster...Billfish added so much real content to this site...but I cant help wondering if he was the same poster on ii known as 'Entropic? He too was a musician; a session player but he never said who he played for. We used to have such a laugh on ii Sound before I moved over to post on LSE. I wonder if ther are one and the same? Anyhow, Billfish will be missed.
On a lighter note, how are you doing mate? You are so well connected with AIM & the market in general, even though you seem to be perpetually travelling...maybe that is why! Keep on 'chooglin' my friend...
Crude