Member Info for Ediacaran

StMary I don't understand your logic? There's no dilution in the consolidation today just a simple 10-1 but it does open the door for it in the future. However given the market cap is so low it shouldn't be looked at as a viable option to raise funds.

It did go to £1 after... However I don't like it this time. In my view it shows they can't raise the share price organically.

It's in the last RNS that it will be bridging financing not dilution via a placing. I'd expect given how close revenue is the terms should be favourable but we will see.

If you are prepared to roll the dice you can’t be mad at the outcome. Imagine the previous 5 drills had been successful.

Pduk even though shares were diluted the gain was positive over his tenure when you take into account dividend & granted Gran Tierra shares on sale.

Requiring a bridging loan after paying out bonuses? Why not defer until revenue is coming in?

Doing ok today..

Https://www.fca.org.uk/investsmart/golden-rules-investing

keepingitfiction what would you say is the number 1 golden rule when it comes to investing? Answer honestly.

From RNS - "Construction of the micro-LNG plant continues at site, with revenue generating LNG sales forecast by the contractor, ITF, to commence late Q1 or Q2 2026."

You've spent all year slating the company!

StMary you've got it the wrong way around. It went from 1p to 10p January 2013. Rather depressingly we are approaching the same amount of shares as before the consolidation with was 2.87 billion (now 2.08b).

There was a 10 to 1 consolidation at some point I remember.

Liquidity is low. To buy the same amount of shares I own I'd have to pay 1.5p

He's talking about market cap

It's not Sound's deadline to miss it's Mana's

It's pretty ridiculous that £100k of trades can increase the market cap £5m. Let's see what happens when there's some serious volume..

I didn't hear him mention about the LNG plant so I went back & listened again. He did indeed say first gas at the end of this year. I agree it may not move the needle much but it is a long awaited feat. Let's get it flowing so we can get the drill program under way.

Afriquia Gaz & Morocco want the gas so crazy to suggest Mana would delay it on purpose to prolong the tax break holiday. I see it the other way, once the clock starts ticking everyone will be pushing as hard as possible to bring phase 2 online. They've had plenty of time to get FID prepared.

"Don’t forget what the CEO did to i3 shareholders…..he diluted them to oblivion."

I'm sorry Eric but this is false. The share price was 10.5p when he joined & 10.4p when the company was sold but included 1 Gran Tierra for every 270 i3 shares (currently worth $4 each) & over this time 2p was paid out as dividends.

Granted I would be expecting a much better outcome here but the fact is no body who was a shareholder when he took over i3 lost money from dilution.

Handover is targeted for late Q4 which comes after commissioning which could be as little as a few weeks. Where did you get 3 months from?