Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Sound Energy
@soundenergyplc
·
16m
We are collecting questions from shareholders this week via our q & a platform. http://yoursoundenergy.com. Please submit your questions before 5pm on Wednesday 1st July. We will be asking your questions via a web interview which will be made available to view early July.
Only 2.7 million traded so nothing to worry about, mm's making business.
Not a great deal, hopefully he will top up once we are out of a closed period.
Marco Fumagalli 18,775,509
Graham Lyon 125,786
Brian Mitchener 3,405,555
Mohammed... na
Leonardo Spicci na
JJ Traynor na
Graham comes across as a professional straight talking guy, nobody wants a failed company on their CV, if it was a case of running the company down then they wouldn't of gone down the route of cutting jobs, salaries and confetti share options "for the boys"
Brian spoke to me at the DD that sound were employing in ground hydrocarbon capture modules at te9/10 drill site locations, to this day we haven't heard anything about the post analysis results from such techniques but the timeframe of insertion wouldn't have been enough to change location, used to back up the siesmic interpretation which we now know is pants. As Graham alluded to "we now know where not to drill" could that pain help in a future drilling campaign once we get into production.
Hi Mr and Mrs Gasbag, yep 11 weeks in and getting sailing with sound cabin fever ;-) I've met Kirk Aka Crude, nice bloke, probably too.nice and was used by JP for his own means of pumping the share. I am just positive we can make money from these prices, 650 bcf of gip hasn't gone anywhere and Graham is going to get it too market, same plan as Luca 3 years ago. I'm topping up and have a price target of 20/40p in 2 years. Dyor and if you are reading JP, you're a unemployable Shi te bag and hope you choke on your cufflinks.
Anybody want to do SP predictions for Christmas ;-) I'm going with 12.5p
Kas, there is no money to drill, don't you understand simple accountancy, cash will run out December 2020, we need production to get finance, develop the horst, look at high cos leads around the horst, there's over 1 TCF of gas to appraise. No low cos high value drilling for at least 5 years. That's the new business model, either top up and lower your average or just move on in life, I know what I'm doing.
Kas, why the rush to find another commercial discovery? You keep banging the drum regarding this, we have enough to go at with the Horst, we are going to be a producer with an income to eventually look at finding more gas, the company may decide to sell or keep growing and expanding with a knock on effect of the SP through the different stages of development.
Does bond holder talks have to be legally RNS'd? It's not due to mid 2021, cash runs out end of this year so takes precedence along with funding for LNG y which will most likely be a third party from the vendor supplier.
Well OGIF I believe will step in with their own bond if they believe in the license area, let's be honest 350 bcf at $8 scuff is 2.8 Billion dollars which we own 47.5%. We will go down the route Luca wanted, production, cash flow and then exploration.
Sound, I I'm quite sure sound energy will end up with the debt, if it was just tied to SM why would Graham acknowledge that this needs addressing urgently??
Interesting points raised but for one, would OGIF allow there shares and the asset go to the bond holder? Also no extra exploration is needed just yet, we have 350 bcf to extract and get to market, that will pay for future drilling. Simply the best route for Marco is to allow sound to get to production, gas in the the ground with no route to market as we know is worthless.
Forget last message
Name Equities %
Oil & Gas Investment Fund S.A. 265,605,201 22.9%
Continental Investment Partners SA 18,675,509 1.61%
Simon Howard Davies 17,819,000 1.53%
Kairos Partners SGR SpA 4,096,735 0.35%
BlackRock Fund Advisors 3,581,301 0.31%
Brian Christopher Mitchener 3,405,555 0.29%
Henderson Global Investors Ltd. 2,737,961 0.24%
James Parsons 2,602,905 0.22%
DWS Investments (UK) Ltd. 634,578 0.055%
TIAA-CREF Investment Management LLC 464,393
Does anybody know how many shares Marco has actually have? Got 70 million in my head.
Agree Joe, I hope Graham embarrasses JP and make him out the incompetent 2nd hand car salesman he is. I like the fact wages cut, no over inflated salaries, no confetti cheap options. Stripped to the bone, lean mean gas producing machine :-)
Well in the last Q and A it was said 2 separate GSA, might be worth a re listen, could be still ONEE, might be from a contractual point of view to fast track.
Morocco Assures Citizens of Butane Gas Supply Amid Hoarding https://www.moroccoworldnews.com/2020/03/297260/morocco-assures-citizens-of-butane-gas-supply-amid-hoarding/
Greg, there will be a separate pricing structure for LNG, haven't a clue whether it will be higher or lower than the $9 scuff, I do know bottled gas in Morocco does sell at a premium as there is no local piping infrastructure.
Greg, in the last Q and A it was mentioned that there are 2 GSA's taking place, LNG and the main pipeline so a buyer is there. With the current low in world wide oil and gas prices I expect this LNG kit is sat around in warehouses so a vendor led finance is very much a possiblity for all round cash flow. Feeling more confident here.