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But how are you getting a vibe??? Please give detailed reasoning...........confidentiality agreements considered.
I have no reputation here - and am certainly not looking to protect anything (we are all anonymous).
If your feelings/trust etc have faded but we have had no new info (other than the email about 10+ parties and deadlines before 31/10) then how can they be anything more than just emotionally driven beliefs???
We are very different in our approach, and I think emotion and being emotional in your decision making can cause unnecessary stress and encourage some poor decision making.
Ironic that you are disappointed that they have “shifted and changed and then swapped again”........
Just like you have said before, Jez, it is important to remain flexible with your investment and review - they have had to stay the same with their strategy (particularly based on the disappointment at the drill bit).
We may not get what we are hoping for, but until the “deadline” is reached I find it hard to understand why so many can be so disillusioned?? If they get no credible offer I’ll probably join you in my disappointment, but we can’t judge them on this part of the process when it is not complete and details confidential.
You are such a pathetic and desperate excuse for a fragile human Princess Jez.
Who gives a flying xxxx about anyone else’s predictions. And you want the BOD to be responsible and professional, but are worried that they haven’t leaked something to Crude, a PI.
Give me strength.
You “won’t shake JP’s hand”..........ffs Jez........that is exactly the kind of comment that makes you seem like a complete mupp3tt.
As much **** as you have spread about them and you think they would feel sorry after you refuse to engage them. It is so pretentious........
Why you assume they would want contact with you is odd, but also chucking your £5k in hardly makes you any more than a casual observer.
My guess, Jez, which counts for nothing, is that they will agree a sale but will have contingency based on a strict and pre agreed (possibly 5 well) drill programme.
No idea on any price and it is irrelevant anyway. But I expect it to be comfortably in excess of today’s 8.5p.
Sorry I have not tried to twist what you have said - when you posted today I just the time to check back as you’d been so steadfast previously.
But apologies for having a pop - was just trying to make a point.
But jez - we know why there is no communication. Anyone wanting/needing otherwise is probably confusing what they are trying to undertake with a much less significant event.
I personally think it is reassuring that they are taking this seriously. Might not work though??
Logically though - if you don’t trust them, and think it stinks, and can’t afford to lose any more money - wtf would you continue to hold???
I know we rarely see eye to eye - but it is the roller coaster of emotion and change of stance so frequently which devalues your opinion so much.
IMHO
This following line wins the prize for most pathetic sentence by a middle aged man today, for a number of reasons, and no disrespect etc.
“It's just the lack of reassurance that angers and frustrates me. That's all. And yes, he will ultimately be judged on the results of the marketing process. He's just making this whole process rather tedious“
Sorry but if nothing has materially changed.....and we have not reached the deadline date.......and they are subject to restrictions regarding takeover code......then really I am not sure what people can expect???
If I had your opinion though I would sell.
(And then buy, and then sell, and then probably buy again ..... unless I had changed my mind between deciding to buy and logging in).
Jez - you said the following in July.........why has changed? Other than your own opinion?
“I see some of you have already written off JP. You have called for him to be hung, shot, sacked and jailed. Charming!
At least give him the chance to work on a deal for us before you prejudge him. I know it's incredibly frustrating waiting for some news, but you're just going to have to continue waiting. Those who hold their nerves I reckon will do alright. Nobody wants to really go long on this if they can help it, including the BOD. We don't have long to wait before we learn our fate. Take the news like a man and stop whining on. There's some very negative people on here, even by my own standards and that's saying something.“
N4P - you know JP is a shareholder too? He once said (admittedly I think the SP was 40p ish) that the equity he had in SOU was his largest asset by a considerable distance.
So it is more in his interests, IMO, to grow the SP than just take another few months salary.
There is no counter argument - his figures are not accurate and that has now been pointed out.
Yes they probably need to sell - but I don’t think anyone would deny that - hence the marketing process and the preference to conclude before y/ez
Not sure how that makes someone an idiot.....but perhaps being being “said” idiot I wouldn’t understand.
$14m two months ago and $2.7m added a month ago.
Yes there are liabilities - and they are secured and will come payable. But if a plan is in place that is reasonable to the creditors then the debt will be extended to accommodate. This is all very common - but yes they obviously are keen to sell and have said several times that they would like this concluded before y/e.
This is not new news.
So 6 months of activity SOU have spent $11m which will have included approximately $6-7m for the drill and well test. So the cost of other operations is approximately $5m and they have now cut costs by approx 30% and have raised $2.7m.
So it is highly inaccurate.