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I have a feeling that this mornings profit take is virtually done. I think there will be a little recovery before the end of the day and a smallish rise again next week. The price didn't collapse today, just a small retrace, it was to be expected after such a great week. Steadily upwards for a while from the 9.05p low earlier I feel. GLA
We had two production Wells in Italy that covered the cost base of the company at the time so this isn't the first time we've done this. It better business than knee jerk sales and get rich quick plans that have been in play the last 3 years.
Jobbing....a few years ago the spike for Rock hopper in the Falklands went from pence (25p ish ballpark) to nearly £5 in weeks so I am hopeful the start price won't matter much... Ps I am not suggesting this is worth near that price but just offering a bit of hope and prior historical evidence
We should remember that Sound is proving a basin model, then sell to the highest bidder.... if TE10 proves its then sell (hopefully what happens) there's no point rolling the dice again unless the model needs further proof. GLA
Jez, 'patience' is my middle name these days I have held Sound shares for about 5+ yrs since the 6p days... mind you I am keen to see the conclusion soon. Ah well what's another few weeks in the grand scheme of things ;)
Jez, 'patience' is my middle name these days I have held Sound shares for about 5+ yrs since the 6p days... mind you I am keen to see the conclusion soon. Ah well what's another few weeks in the grand scheme of things ;)
I also would hope any potential bad news to have been released now, they've had long enough.... Guess it's time to just cross our fingers and toes and hope that today's RNS is the beginning of a 'value push' to get this share moving north again
an unexpected great piece of news, the timing will be either to soften the blow of the TE10 RNS or to springboard the share price of Sound in the event of good news on TE10.... Its one or the other..... any opinions out there? I am thinking that the chaps who attended the recent pub meeting may have good insight into which way this may go.
DB cheers for your thoughts, yes whatever Sound seems to be worth on paper doesn't seem to be reflected in the day to share price that's for sure. Ps.... I really hope you don't need to eat your hat either (as much for my sake as yours ;)
Daveyboy, if it came in at 10mmscf/d at TE10 would you know what that would mean to the immediate share price? A modest discovery I assume would be a 10 to 20pps increase in the short term, does that sound about right?
Dr J....the point of Sound is to prove up the basin model the individual discovery if TE 10 comes in isn't the real value, that may add 10 or 20p based on discovery volume, its the fact that the model of the Moroccan geology is proven up....that's the value here and where (if TE10 comes in) is going to be with £1.50 to £2 per share (min) at LE because it means there are lots of other similar discoveries likely in the area. Best of luck to you but I think if you stick around you are likely to see more value than you expect
Blacksheep15 Thanks that's really helpful....(I must keep my eye on the HNR ball better :) ) cheers
Can anyone tell me the rough date the RNS is due to advise of the volumes coming out of the well's? Apologies for my ignorance I have been in and out of HNR for a while now but I haven't been following it closely for few weeks. Any info greatly appreciated....