Member Info for ericnat17

Joe

I would guess a good number of investors are thinking the same after seeing the presentation, I certainly am. It seemed that they are highlighting the negatives and playing down the huge upside. All very orchestrated.

Another thing is also a bit worrying, after all of the new seismic and after waiting well over a year we are drilling in the same place that was known about in the seventies. And I think the A structure was also highlighted by Fastnet as the best prospect. All of that seismic and time and we still have the A structure as our best COS. Thier had better be Gas at TE9 or we are in the 💩.

I also think that JP not presenting ties in with your theories regarding the trading plan. I could only imagine the stick he would have got if he had said something Uber positive and then the trading plan kicks into sell 800k shares.

Hi Joe

I have been here just about the same as you and I will agree with you on your summary. The quality of the reservoir was always a worry but to hear that it factors poorer than Algeria was a very bad opening. Then to have the discussion start to examine the complexity of the geology due to the many many geological events that have occurred in eastern
Morrocco but not in Algeria was also not good to hear. They all seemed very excited about understanding how the geology was formed, but to be honest I only get excited about the amount of gas that can be extracted.

The guy who was talking about the paleozoic was very blazae about the whole thing.

And the presentation provided another first, BM was by far in away the most positive about the chances of success.

As I did the other day Sound is all grow up as a company now and was probably setting the mood music for the future with this event. Don’t expect anymore sailing with sound like events.

Thanks to the poster of the deep dive video. Very interesting. I could not see JP in the video was he at the event, if so anybody get a chance to chat. Seems as though it was very tight on the Q and A.

Got to hope this is the bottom we are underpinned at this price, surely. But now with both lots of cornerstone investors free to sell then. We may be seeing a litttle derisking going on. And who can blame them.

Well this is the sort of SP I was expecting if TE9 turned out to be a duster.

6% down on 1 million shares traded. What a load of 🎱

Some tools are self evident. I think this is such an occurrence.

Many many thanks for all of the feedback from the deep dive.

As a company we are now all grown up and it would appear the super hype is now in the past. Morocco have a very big interest in all parties concerning being very conservative in their outlook. They have been embarrassed in the past with over promise and massively under delivery. I think now we have a prospect that will massively over deliver.

Don’t forget the current Tendrara discovery in in the national plan for energy delivery and underpins the SP at approximately 50p.

GLA LTH

1.64 billion dollars worth of gas over the 10 years.
Approx 780 million dollars to Sound
Thats Approx 600 million Sterling
That’s gross without any cap ex.
I would guess net it would be 400 million.

And what’s our current market cap 420 million.

So everything else is upside from here on in.

One of those late late buys was one of my top ups. This share is frustrating but as pointed out today, the SP would appear to be underpinned. Just my luck it will be 34p to buy on Monday.

The good ship sound is a pretty leaky ship, I think if we were getting the GSA on Monday we would have seen a bit of buying today. So maybe Tuesday...….

see you next Tuesday JP

Gem, my post was highlighting that Drilling may have an effect on the SP but so do many other things, such as the GSA. And now you have posted just the same that a positive GSA will have an effect on the SP.

So we are all in agreement, material information should have an effect on the SP.

Just like many here I am getting a little frustrated with the massive timeline slipage. And every now and again i will post my frustration, of course you do not have to read it.

Sorry for any offence caused. Good luck al LTH

if the GSA comes in at less than 6 my guess will be it will be a hell of a lot lower

You can now buy 240k online but guess what you can sell bugger all. This is now getting a bit tedious, we need to get drilling.

Yes good point, but does not explain the lack of buying when they could.

MK, I think you hit the nail on the head. I think most LTH are balls deep and if they had any further funds they would use them here at this price. So it begs the question why no director buys. I think it would have a very positive effect.

Well if we see any more Negative TR1 s then we will see a spike down. I just can’t believe that OGIF would sell any, it would send the wrong signal completely. But then again who would have thought that JP would be de risking. Also with BM and JJ not buying any and Marco disbanding the cornerstone investor, god only knows what there is behind this drop. Hopefully just the MM playing games.

Re reading the RNS. Maybe the order of News maybe FEED before the GSA.

The price movements make it look like it is moving back to be a day traders share. Does not provide any reassurance for the those institutions that we where trying to attract. You can see why JJ could not get them to come on board now. Oh and L2 just got a bit worse. Maybe the person who sold that 500k yesterday at well below bid is already on the right side of that trade, smells a bit fishy.

The news yesterday was another piece of the jigsaw. But with SP going in the wrong direction it is it would be a good time for a director buy or 2 showing a bit a confidence at this price. L2 is awful with17 v 28 and more than double the amount of sell volume.

Interesting discussion re the gas chimneys.

This is all good. It makes sense that the concession must come before the GSA.

maybe a leak, could e good for next week