Member Info for davefrench

This silence worries me. Why no communication? I hope for the best but fear the worst.

The share price is at the same level as it was before the bond holders meeting..
It means that there are no sellers (no point to sell at these levels) but providing we do not go bust and go back to more positive news, the only way is up.
Come on Sound, give us a good Christmas.

Definitely something happening behind the scene.
Is it hat GL is negotiating with the recalcitrant bond holders?
We don't know to this day by how much the motion was rejected or do we? We still had the majority of the votes in favour so obviously more than half of the bond holders want to carry on, plus us, the shareholders and BOD etc..
I am still expecting an RNS soon.

I expect (or require) an RNS next week to clarify the situation.
Firstly: I wish to know how narrowly (or broadly)the motion was rejected.
Secondly: the reason of the rejection
Thirdly: when or if it will be resubmitted
Fourthly: do the BOD remain confident on the future of sound

ps200306: I agree on all your points. I was not either implying the SP could be 100p+in 2 years time. Close to 30p and I would be delighted.

Trelli35:
12/06/2016: 16.375p-11/09/2016: 91.5p
That is what I meant. We all know what happened after and where we are now.

The share price went from 16p to 100p in the space of 2 months between June to September 2016. Over priced and over hyped, we would all agree, but is it not the nature of AIM? If it went from these levels back down to 1p , why would it mot happen again?
Also worth noting that Sound's SP valuation was not on speculation alone unlike many on AIM. We DO have a proven asset AND a potential major upside. I believe we will mount a significant recovery, only that it will take time, possibly years (2 to 4 IMO) before we see decent SP for all of us (30p+ that is)

I know we are facing terrible times as Sound shareholders. This board as become so pessimistic that I dread reading it to avoid seeing my moral plummet.
However, I was looking through the company's price history, our assets in hands etc... and I cannot stop believing a recovery is not only possible, but likely. It could take a a couple of years or more depending and each shareholder's price average, but I am confident it will, in time.
To all that think like me, please post, and lets bring some positive vibes here.

aricnat17,
The sooner the deal is published, voted for and signed the better. New and existing investors will be more inclined to have balanced views.

I have read the first draft of the mentioned letter (link posted last night).
As much as I concur with most questions needing to be asked to the Board, I have decided not to join the group. I believe the relevant answers will be given in due course and do not believe there were dishonesty or illegal actions committed by the company so far.
I wish to place on records that I am not pleased at all about the performances and communication of late. I expect the company to resume the communication it used to pride itself with.

I know some people got badly burnt here, I am myself sat on a big paper loss (average 30p) BUT please, it would be more constructive to talk about the future and support the company on its next actions. There are no points in talking down the company, especially if you are still invested here.
As for Parsons, apart from being far over optimistic at certain times, I do not think there is a case against him. TE9 or 10 would have come in he would be a hero. Unfortunately, an exploration well is has not an 100% chance of success, we were never told it had, hence the situation here..
Please keep hope, things are far to be over here, we have plenty to play for to recoup some of the losses and maybe more.

Someone asked about a special dividends being paid to shareholders from the proceeds of the sale of tendara in the FSC.
Mohammed Sighiri answered that it was being considered. I am not really in favour of going down that route but forget my ignorance but I have a question.
Would it be possible for the company to issue shares to existing shareholders who lets's says have been holding for a year+ minimum? A way to reward long term PI's.

one way or another, we should get some sort of dividend, albeit in 2 years time (long wait).
A 1.5p dividend at 5% of the share price would report to a 30p per share.
Then there is Sidi Moktar that many seem to have forgotten about, maybe some upside there too.
There is more exploration to come and surely some success will occur (even very modest it will add a few P's)
And finally, the company might want to explore new ventures in a few years time, who knows.
All the above give an optimistic outlook on the future, the real downside being that without medium term drilling success, we will have to wait a long time to see decent share price level.

Hi PNE,
The share price was 50p before and beyond, there are no reasons as to when confidence is restored we don't see these levels again. We are going to have some exploration drilling to look forward as well, I am not saying we will see 50p next month but within 12 to 24 month period it's not beyond the realms of possibility.

See below my post from last night. I hope to see plenty of blue days from now as we engage the long route of recovery .
"Can't be worse.
Maybe we have bottomed."

Can't be worse.
Maybe we have bottomed.

I am depressed at seeing this SP in the red every day, Should stop watching really and put it in the bottom drawer for 6 months at least but surely, it will rebound soon. it is ridiculously low.

PNE79
Interesting guess on your part that JP was sat beside Mohammed Seghiri to help him answering some questions, I would not bet against it.

They seemed quite opened on a dividend possibility on completion of the deal from the proceeds of the latter and of course from the first gas sales (likely on 2 years time)
what kind of dividend should we realistically expect on both?

This is wrong, see below Dempsey's answer to the concern raised:
"As a listed company Sound will still be required to announce every price sensitive operation and yes Sound would expect to have rights to receive updates. So an investor can expect the information flow to remain largely unchanged"

Well, it comes as no surprise that we don't know more now than we did yesterday. Under the AIM rules, they were never going to be able to give inside information nor comments on the SP.
The few thinking we were going to be delisted or on the verge of being taken private should be reassured though.
However, I doubt the past exercise will restore confidence in the company, the sooner we get the deal presented to us in full the better.
Short term, I fear the evolution of Sidi Moktar will struggle to push the shareprice in the upward direction.
Medium term, I hope we should see some recovery as the current share price is ridiculously low.
Long term, we could just be ok depending on the rems of the deal but only positive drilling will take us back to the levels we have been in 2017.