Wizard, the SP minor drop is just background noise. The next couple of weeks will see the SP jump significantly as too much news to come especially at the AGM. Brent was over $79 earlier today and likely to go much higher in the next few months. As you state very low volumes.
Exp for me I have no doubt Sound have gas and will sort of prove it with the drills, but it will be a long way from selling or making cash, I am big in SDX which Drilling, test and sell within months, and in Morocco. Is the �600+m price a fair price?
I agree Aim was trying to deramp SDX but I welcome alternative views, not the war one though, in case we get blinded by the euphoria and can't see the "woods from the trees". If all we read is ramping ones then that is not healthy. On other share boards, particularly SOU and ENQ if you ask anything slightly negative the velociraptors appear and go for the jugular. I am in SDX way too much but enjoying the ride.
Donny, I would suggest waiting for 2 well test results, imminent, one drill result ongoing, and the AGM in a couple of weeks. The SP should jump but who knows how much. Sell 10% then and take some profit and enjoy your celebrations. D
I own shares in both. The problem I see is the small volumes on TSX. When you try and sell on TSX the SP will drop or you can’t sell. Plus it’s hard to second guess what the SP will do, although the pattern of the last two days is normal.
I believe this will be the big news for the SP where all the discoveries will be brought together and most probably an upgrade in the production rate for the year. By that time we will have another couple of well tests reported.
Yes was reading the posts, entertaining. I sold my Sound at 55p. Their problems are no production and no pipeline, and they have no money to build one. We drill and hook up a month later. I am thinking the AGM is the trigger for the next SP jump.
I was told by an ex trader friend that the 48p trade which was probably a blind sell by someone desperate to sell would bring down the price. It was early on and probably a sell order once the RNS was issued. Subsequent purchases brought the price back up. My theory only.