Member Info for davefrench

I would not call that a victory for Iran, let's wait for the deal's content to be published.

Nonetheless Iran proved to be much more prepared, armed and shrewd than Trump and co first claimed

Re Bots,

you say "Equally, dilution is not automatically negative (as I mentioned before) if it is used to secure or develop a genuinely cash-generative asset"

Agreed BUT as being a holder for more than 10 years, seen the 1£ days, heard the "10£ won't cut it", I can't imagine another dilution as a blessing in disguise. I take full responsability for not having sold then but in my view, after the last 3 years fiasco of delays etc... the company needs to deliver some kind of momentum to regain investor's trust. In conclusion, the dilution can and MUST wait,

All the hype and a few years later this shamble.

A disaster, I accept the blame of not having sold then, yet I take some solace into not having comitted more money to average down. Once it went below 20p (old money) there was not much to do but to wait I thought, with hindsight I should have cut my losses.

We have lost years chasing a dream, Sound was not big enough to handle a project of such a scale, should have monetised the asset during Covid when it became clear we were not going to make it.

Now, pretty much the same, wait till it goes bust, it might not, but even Majid Safiq did not seem over the moon when he was asked in the Q&A to give a reason for an investor to buy theres in Sound energy.

I hope you are right but I have lost hope. It might be the reason why it might suddenly take off,, who knows?

If an upward trend has initiated, I would love to know up to what SP?

Guesses anyone of SP in months?

Same old,

Thank-you for the reply PS. I will not deny that a part of "it will fly again" falls under wishful thinking from my part. However , you say yourself that back in the 1 Pound days, you valued Sound at around 28p so more or less a quarter of the share price back then. So my thinking is that if only we were valued at we actually have on the safe side, I will take your 3p figure plus the upside potential and a bit of speculation, It is not unimaginable to see 10p.

I am perssonally looking for 30p to recoup my money ( I do not have the desire to risk any more money to average down). On AIM, it will not be the first company to be valued many times that it actually worth.

Being so close to becoming a producing company and languishing sub1p whilst it was nearly a pound on hype only back in 2017.

There will be a day when it flies again, but WHEN?

I am getting desperate with this share. Although I am not in needs to sell, seeing the share price at 0.75p is dispiriting. There is no appetence from big investors whilst there was a disproportionate one some years ago. Surely, share price should be much higher than that.

Any thoughts?

Graham definitely sent a subliminal message to Calvalley in the presentation. He stated that it is taking too long, meaning that they need to sign if they really want the deal. I hope they really do want it, if that is the case, we should hear news quite soon, the longer this drags on, the least likely it is ever going to be signed. The odds however are that it will be signed, fingers crossed.

Agreed, good volume if we consider the daily average of late but 23M shares exchanged (or approx £200k) is not like a leak that as awaken people in the know. And obviously there were not all buys. In my opinion, each day that passes by is a day closer to the expected RNS, tomorrow being Friday, some think that we will get one. And I would not be on not being the case.

Yes Tincan, more delays, common things on AIM, and to Sound unfortunately. It also seems that there is a golden time for an AIM company that comes around every 5 of 10 years. Ours was in 2016/17 last time. The irony is that we are in a much better position than then in terms of being a producer with revenue this year, decent directors and partners. I stick by my view that when sentiment returns, we could see huge and disproportionate surges in the SP, When or if will it happen, I don't know but I am hopeful it will.

Yes, but £50000 of volume (5M shares traded) is not something driving us very high. The truth is that it could be months before it really takes off. As long there is no juicy prospect, even speculated, the big money will stay out of this. We will see spikes on news , yes, but I cannot see big surges, and I mean going back to 5p for instance. Long term looks good though, but how long will we have to wait?

Tincan, yes it could explode again, but I am so disheartened with the previous drilling campaign, here or elsewhere, that I am more hopeful of development growth on actual findings than of exploration success.

Also, the shamble of the precedent drilling campaign will temper the speculation seen back then in my opinion. Nonetheless, I hope I am wrong, I am looking for 30p to break even, so a long way off.

Yes, StMary, only 10M volume, equating to 100K, so, imagine when the serious money will come back and realises we are back in business? I am not expecting anything crazy but certainly we should see 2P and steady rises in the next few months providing the company delivers.

I am sure that brings up some memories.

How can we be so convinced they represented so much potential, having it fully financed (so they kept saying) and not even drilling TE11? Any news on TE10 since it was plugged?

SP prediction on deal completion:

2p on spike.

And to all, the idea that the company are not worth more than its 4.6p valuation is irrelevant. It is the excitement of massive gains and successful prospects that drove this share and others to disproportionate heights (1 Pound). Some call it the market sentiment, I live in hope that the optimism will return and see higher figures than this miserable 1-2p range.

The quasi resolution of the tax issue is massive good news on its own. I think it cost the SP to devaluate by more than 1p when the tax issue was revealed and it has kept the SP low ever since. I am expecting a steady rise over the coming days, and, if the phase 2 funding reaches a positive conclusion, we should see significant further rises. Unfortunately patience is required, it is when we will start to sale gas that we will attract strong interest from the market. I do not exclude getting back to 20, 30p... medium to long terms. Feel free to give your opinions on the above.

As for TE-11, I imagine conversation at a board meeting with Graham Lyon and Mohammed Seghiri.

Mohammed: So Graham what shall we do with TE-11? Shall we preprare for drilling an appraisal well?
Graham: NO WAY, we might as well take a crew and drill a hole anywhere in the Tendara Desert and have more chance of finding Gas.
Mohammed: Ok, I was just kidding.

lol

Tanfinch.

yes thinking back to the £1 times definitely leaves me with a sour taste. I was amongst the ones thinking new car, new dreams on so on. Now I am averaging 30p and would be over the moon to recover my money. I will take 50p though ;)