Member Info for Gassy

i admit - i feel good when the SP goes up, and bad when it goes down. Bad news feels unwelcome but that does not justify bullying the messengers. Whilst Sound's proposition is Ph1+2, the share price will follow succesful delivery into the high single digit. The strategy appears much more bold which is great, with exploration bringing much more upside. PS's question rightly is who funds and how much is it going to cost? I think that depends on how strong we are and how many options we have. Last year we were on the ropes, but now things look brighter - when we achieve Ph2 FID I think we will be getting in a good position to move forward

This is a rather harsh post PS. Just fact checking here. From memory the #shares a few years back was 1.1Bln; you can hardly blame Graham for diluation before he arrived. Now it's about 1.63Bln? The deal with Schlumberger increased our equity in Tendrara which is accretive. I just don't understand your point that the micro LNG decision is dilutive. How do you get to a conclusion that 2/3 of the value has been diluted?
Unfortunately you are right that the market does not at this stage recognise any of the significant contributions Graham has made. To conclude that he therefore has not added any value feels like a cheap shot to me.

What a difference a few days make. Just a few days ago i was making the case that the value of Sound is obviously not zero upon which i was accused to be a ramper. Just had a look at the board and am not sure what you guys have been smoking. I am all for a high share price, bdon't get me wrong. There is a clear path to 9p (more shares, but also higher gas price than latest valuation). I will be doing back flips all the way if and when we get there. I now will now probably stand accused to be a de-ramper.

Never been accused of being a ramper! Net zero and zero are two very different things and the suggestion that Sound has zero value lacks any credibility. Last time I checked the market value is around £25m. I simply laid out my version of a rationale and how that could change. Ramping? Give me a break.

“ The net cash flows from Phase 1 LNG will be zero, and right now that's what SOU is worth.”
Really? Just because you keep saying this, that does not make it true. You probably mean to say it offsets all possible liabilities, and whilst we are at it, let’s ignore booked reserves and resources.
I think the potential for Sound is there, but as long as we don’t have the means to execute it is not worth a lot and that is reflected in the market cap. A bit of credibility comes with phase 1 FID, a lot with settling the tax claim and a lot more with phase 2 FID.
I expect / hope that with credibility to deliver projects we enhance the attractiveness of exploration and with all that, that the share price will start reflecting the potential.

ST123 - following good news, the share price appears to go down - I assume that some holders are eager to exit and wait for good news to do so. The relevance of share price is that a higher share price gives more corporate options especially whilst we are cash strapped. I agree at some stage good news should really translate into a sustained share price...

I agree - the only way it makes sense is if this has something to do with the funding. Angus’ hedge seems very risky to take on.

Considering restrictions, I found this quite informative. Apart from the M&A diversion, the right focus, some critical progress and recognition that things are going slower than expected. I believe there is finance appetite for Ph2 and that would be a huge win. It is also clear that exploration appetite is still very low so action post Ph2 progress is realistic. I just don’t understand the M&A comments - just don’t believe that Sound is in a position to pursue good deals.

Which site would be best to follow Amryt chat now it is delisted in the U.K.; yahoo?

They are still listed on my HL account whereas Amryt LSE listing is gone. My new Amryt listing appeared as an interim line. Should all be OK. You can’t be robbed of the CVRs I would think

Thanks - for completeness, my shares are held in my SIPP and HL made it extremely easy to transfer them to ADSs. Just log in through the web rather than your app, go to corporate actions for Amryt and click transfer.

PS and ST - no one cares. Your continuous inane argument discredits some valid points either makes at times. It bores all of us - there is nothing remotely witty about any of this.

Just looked at the trades - 3.4m all sell. Why is the share price not budging? Somebody mopping up the sales? Or are some sales actually buys?

Cookie45. There is a little potential hassle with the transfer and some exchange rate implications when selling the shares but other than that I don’t think there is anything to worry about. I just looked up a quote for Amryt ADSs which was $11.20 and that neatly converts to the Aim share price x5 as it should do.

Thanks Ducati - based on this strategy you’d expect a lot of pressure from authorities to move investment decisions and agreements along

ST - thanks for a reasonable post. A welcome change to your tiresome quarrel with ST and stating that Sounds value is less then zero. I had a look again at SP angel’s 9p valuation. It is all about a judgment of how likely Ph2 is. The point of the Ph1 deal is that it makes a Ph2 deal more likely to happen. The 9p also excludes (rightly so at this stage) exploration upside.

That puts things in a perspective, PS. I am sorry to hear about the extend of your losses and have more understanding of your ceaseless posting. I too got carried away to an exposure way beyind the comfort zone based on a logic that sensible things would happen. A prize is there but it will take time, others who want to grab it and the tax issue that may spoil it all.

Wonder why the Q1 presentation has not been refreshed.

Looks like a great deal...
For Chiasma. Just on market cap it looks more like 70/30 then 60/40

Which is why they’re such a good partner. I wonder whether TE-10 could be revisited. That was such an unclear story going from the big breakthrough to a non commercial discovery.