Member Info for ericnat17

Now I am not saying that manipulation of the SP is occurring. But the same MM where in control yesterday and today.
We have a group of PI and II that will stay in the share no mater what and wait for the LE. It reminds me of the Norman Lamont making it very clear that the UK would stay in the ERM, no matter what. And who made a fortune out of that? The people who made the market, that's who!

I know a bit of stretch but i am on my second glass of Sancere...

Almost Zero chance of TP at these levels. I think JP would be making a loss if he sold to buy.

ddboy

they would not let the hole get damaged, they learnt their lesson at TE8. Can they analyse the drilling fluid, for any indications?

Hi Jul

It stands for Liquidity Event

it has become a shorthand here for describing the companies PLAN A, which is to sell the company/assets. And return Cash to the shareholders.

strange of L2 one MM - SCAP on the bid and the offer for all of that downward movement. They also had PEEL shadowing the moves. AS you can see the move was due to AT trades. If you look at the ordinary trades then we should have fished blue. All I can say is SCAP ended the day with a few more shares than they started it.

Almost zero point in JP brokers activating the trading plan at these levels. And if they do, then the company coffers will be again almost balanced.

My scenario is that flow rates are fantastic, SP goes through the roof, vesting date kicks in, JP actions options, at the LE party JP pays for the kebab on the way home.

One of those weird days. But nice to see 300k,133k and 135k buy orders on L2. Not seen that for awhile.

Could be wrong but looks like a move up coming

Way more buy volume. 26v22 on the orders.

Let’s see how we finish, Maybe another RNS tomorrow.

ALSO nice big 300k buy order on just below the bid, Nice!

Thanks.

That makes it interesting. An awful lot of incentive, 4 million in fact.

Being a bit lazy, can anyone remeber JJ strike price for his options?

Iceberg buyer on the bid. Currently 191k buy order.

I think the point to take away from that is that they have a discovery and they did say that the trap was part of that discovery.

The strat trap play type is very interesting as usually the trapped volumes are significant. This play type is evident in Algeria and has proven successful.

When TE10 flows it will prove up other similar trap structures on the licence ( a few at least). They will be in addition to 12 other prospects they had identified, they were all closures, according to Brian.

I may take you up on that offer, but I am hoping that the SP at the LE means that a £500 hotel room will be more than acceptable.

Hi T10

Correct the direction moved away from back to back drilling, after that RNS. I wish I could have stayed for further chat but had a train to catch. I think I will book a hotel for the LE party. My hangover was worth every penny....

I got talking to soundchew, very nice bloke and very knowledgeable.

Hi T10

Yes the Pinot was very good, I think we were standing in the right place. A pleasure to meet you. I managed to drift off and speak to Brian for 20 minutes or so. He was imo confident and was gushing with enthusiasm concerning the MDT outcome at TE10.

It’s a discovery, it flows.

The Balls meeting was great. Perfect opportunity to talk to the BOD and fellow investors. Got to have a good chat with MorrocKnows, he has some strong views and he appears to be totally committed to Sound, a genuine guy. We know he does not post anymore; he wanted me to pass on a message to Trellis, that he paid the Charity Bet, hope that makes sense.
Also got to speak to many, many more investors/posters, all of whom were very genuine.
I spent a lot of time with Brian. We got talking about the MDT results for TE10. He was very very upbeat about the result and I took away the result was significant, especially when considering the likely hood of TE10 flowing. We touched on the seismic and the continued processing of the data and the creation of theories based on the lower salt thickness, all again very encouraging. Brian offered his thoughts on SBK, without prompting. For some reason to do with seismic, TE10 and TE5 it appears that they think SBK is may now be very interesting commercially.
Had a quick chat with JP at the end, I did not bother to try and squeeze any titbits out of him. I did mention that for me the most important thing was to maximise the value and if it took a little longer than expected, then so be it.

All seems positive. Whole team look relaxed. A few little hints that TE10 is going as planned. The big guns used at TE10 are the same used at TE6. Basically positive onTE10, JJ states that TE10 could be worth 110p alone. They have 12 more drill prospects identified.

Now on route. Will post if I get a chance.

I guess the SP will be in positive territory by mid afternoon ;-)