The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Written in May 2018
I?ve been with this share since March 2012, I?ve topped up on the way and now in six figures all salted away in ISAs.
I will not add a penny more because of empty promises, like golden tickets, only 18 months to go etc etc followed by popcorn and more popcorn and general time slippage. I realise slippage can and will happen in this business BUT not on everything they announce.
Over the past few months I increasingly have the feeling that the BOD has lost confidence in their own ability to drill and are now afraid to make a decision, blaming everything from Ramadan to the full moon. To the extent that I personally feel that T9-10 -11 will not produce and we will, in the end resort to Plan B.
The indecision will propel us along - T9 by the end of 2018, if we are lucky; followed in 2019 by T10. With those two out of the way and 2019 drawing to a close and no gas a halt will be called in favour of Plan B the work required to bring Sidi to the front and look to save ourselves with the results of that plus the gas we already have at T6 and 7 when the whole package or sound as a whole will be sold off.
Well that?s my forecast, it would be great to be proved wrong? but! I?ll watch the RNS come and go but will not read all the second guessing that goes on here ? which it seems I?ve just added too!!
Back in 2022 ? if I?m spared.
A SAD END TO THIS STORY OF SOUND - JP WAS A BETTER ACCOUNTANT THEN I GAVE HIM CREDIT FOR! BUT ONLY FOR HIS OWN ENDS?
When I shock his hand on the Thames Boat trip I did feel it was like shaking hands with a wet fish! I should have followed my hunch at the time. I should have known better!
Gasbag not forgetting Mrs Gasbag.
Gasbag
Just to lighten the gloom for a minute.
I was at a “well known” Opticians today in Oswestry, with Mrs Gasbag, for us both to collect new glasses (they over prescribed them so they will have to be returned, that’s another story). At the end of the transaction they pronounced with great joy that they were giving us a “GOLDEN TICKET” !!!!!!!!!
We both ran screaming from the premises!
Let’s hope that if we have a saint amongst us that it is ‘St. James’ and not St Jude the patron saint of hopeless cases!
Gasbag
Well you should have tried the Popcorn from the Thames trip over 18 months ago! The only dividend I've received.
I must say I'm leaning towards your view Jez. Anything else is only built on hope, experience tells me otherwise.
Well off for a two hour ride on the tractor now to cut the grass and consider this situation and the necessary action.
Gasbag not to mention Mrs Gasbag!
Mainly as a long term share holder I sit and watch the comments put out on here and do not join in, some educational and an alful lot of school boy name calling, but JezTheFez talks more sense than most, it's facts we all want and need, not tea parties given by sound, just give us the facts as and when they present themselve, we are not all fools on here. So far we do not know if TE10 is commercial but the board are desperate for it to be a success. A lot of people are trying to Will it along in hope of helping the process, they won't and only serve to add to the frustration that we all feel. So keep it up Jez, there are many supporting you and I'll get back to siting on the sidelines with everything crossed but fast running out of the Popcorn dividend given us on the Thames so long ago that there is mold growing on them!
Gasbag
PNE79 NOT FREE ALE - it could be some of the most expensive beer they ever have if this doesn't get sorted soon and we get 2p a share and not £2 or even £5 - the only one making money here is JP.
I decided not to attend only to receive more expensive Popcorn as we did on the Thames - as someone has already said let's celebrate when there is something to see for our long time investment, not attending anymore of these brain washing exercises!
Gasbag
My question was not surprisingly ignored - it was very tongue in cheek:-
'Has JP, the car salesman, now changed his views - 'Golden tickets' – 'Four figures won’t cut it.' etc or was all that just to raise funds – will all that now be moderated, and a more honest line adopted.'
Looks as if my investment so far has only produced two bags of 'Popcorn' given on the Thames last year- not what I was hoping for and some of the most expensive Popcorn there is unless....................
Gasbag
Gasbag
Right Daveyboy I sure do -twenty years of experience at chasing them - Hell is the only thing that gets them moving -all they want for every difficulty is for you to take out an indemity insurance - that way they take no responsibility for their actions and get a commission for selling it! x a few policy in a year is a nice little earner!
Sorry wrong place for this convesation.
Gasbag
Daveboy. - answer me this?
Why did we only have bags of popcorn on the boat last September on the Thames AND we all had to stand up for hours listening to why it was going to be another 18 months - when in Durham they had a SIT DOWN meal???
Gasbag and Mrs Gasbag