focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
This share makes no sense, the price defies logic and always has done. A blue day and still the price manages to drop ffs. You would think after 13 years I would be used to it !!! Come on Graham follow up your good work with some “ real” news.
Surely it’s a good appointment, one that maybe the bank giving us the loan insisted upon. I think based on Grahams track record he wouldn’t be making unnecessary appointments at this stage without good reason. Hopefully now finance agreement will be announced shortly. GLA
Well , having said I wouldn’t do it again , I have just had a top up to lower my average which is still way above where we are at the moment. But have a feeling this is eventually going to turn in the right direction. Still can understand the SP, all buys today and still goes down. Good luck BB
Enjoying the Spanish sunshine at the moment and unfortunately on a plane home during FSC so hopefully can catch up when landed. What are the likely possibilities put forward by the BOD tomorrow. Outright sale of the company, sale of some assets now with future payments based on success achieved by the purchaser(hopefully a fully funded major), the sale of Tendrara and then we do something separately with Sidi or lastly raise some funds and drill TE11? Personally I am underwater so something now followed by future success payments would suit me, although not totally satisfactory there is a chance of breaking even. I still find it hard to believe we are were we are and personally think the board need to put everything into to getting the best possible outcome for the PI’s and not the easiest escape route for themselves. Hopefully some of tomorrow’s questions may reflect the same view.
Hi Bigbench , you ask what we would be happy with, well personally anything less the £2 would feel like a a waste of the last 9 years. Unfortunately it's not in our control, I am still clinging to the belief we can prove up TE 10 and hence increase the whole basin value, I just think because of the previous fiasco in this area and the government ending up with egg on their face that Sound are doing a belt and braces job to prove the very large presence of Gas before any life changing announcements. So , yes, I am positive and hopeful. GLA
Ed
Hi Bigbench, remember the Ghurkin well, was stood next to you when he said it. Yes, those dreams of four figures are long gone unfortunately, but like you I had another top-up ,still believe and hope we might reach £3(not based on fact just the reason that I still have a belief that JP will do all he can to maximise our asset). Sadly if TE 10 does not produce the goods then even JP might struggle to to achieve a great end result. Everything crossed that TE10 puts a large smile on all our faces GLA
Ed
Has anyone seen any feedback from the Morrocan summit, hopefully there might be some Sound related news. Will JJ reveal anything tomorrow in his speech or would that require an RNS in the morning ?
Exiting times over the next few months and after nine years I'm ready for a successful result and a speedy exit.
GLA
Ed
Well said ddboy, it is one of the reasons I have been quiet on here lately, just sick of mindless morons spouting their ridiculous theories about nothing.
A little more patience is all that is required, we have been told the LE is happening this year, we just need to let the BOD do their job.
Someone asked the other day if we thought the company were in discussions with prospective buyers and sharing information with them, of course they are. We are not suddenly going to be sold to a company from out of the blue. Negotiations will be well down the line , hopefully with more than one interested party. It is up to the Sound team to prove up the maximum potential of the whole of our Morrocan assets, then it's a case of who will commit first. I still think the Chinese will be involved somewhere.
Whatever will be will be, out of our control GLA
Ed