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See that this is undervalued!
Well I had a top up, but it wasn't cheeky.
thanks guys 😊
This is ONLY an AIM listed company.
Sure, I want and expect it to prosper but in the grand scheme of things if it doesn't so what?
why are people so angry, bitter and obsessed?
before one of the obsessives posts 'but he's posted loads of times' so what, I sit in frot of a screen all day for my job (I'm not an OAP like many on here) and turning to another screen to post takes no real time and NONE of my family, friend or hobby time.
I was at a funeral of a close friend yesterday, I suggest some people think how they spend what little time they have left!
These people will try all they can to talk Sound down.seriously, what sad lives if all they have is looking for negative twists to RNS' for companies they have no inetrest in.
Please explain the logic behind "I still think that Calvalley will not invest a penny till the gas is flowing"
what possible significance can a micro LNG plant have for Calvalley who are inetrested in being a partner for Pgase 2 and future exploration?
Sundance - you say "No something is not good here if there was, we would have heard about it by now"
but the one thing that is constant is GL says every time he presents / amswers questions 'if there was bad news it would be released immediately'
therfore I would change your line to be
Nothing is wrong here, if there was we would have heard by now!
I might have a top up, but it won't be 'cheeky'
what does that even mean?
lovely day here, far too nice to be miserable
Probably because there is no point talking to most of the idiots on here 😊
You don't consider getting phase 1 and phase 2 revenue which will generate more net profit to sound per year than current market cap would make things 'rosy'?
of course a good drill result could send this stratospheric, but that's the cherry on top of the cake.
Careful Soobirs, you'll ruin their story 😊
So, let me get this straight
you previously said phase 1mLNG was pointless, but now you say that becausse it 'might' be delayed it means Sound is "a bloodbath of a company"
Make your mind up lad!
My reading of the tone and content of this presentation is frustration at how long things are taking but confirmation that things ARE hapening.
some quotes
company completely undervalued (from the horses mouth).
CLOSING a large transaction to FULLY fund us
We will DELIVER on phase 2 before any need to gp to shareholders for funding!
if we close the Calvalley deal soon we can drill Te4 with the rig that will arrive in Tendrara in May (not drill in May before some tw&t says it)
So, frustratingly slow in some areas, but this is a company that is delivering and will continue to do so.
Watch that blood pressure lad, you sound rather angry and stressed.
I am as positive as the next man, but have you heard the story of the boy who cried wolf?
Spencer ...
"it’s so evident that business is run now just to keep the lights on so they can get their next pay check"
what utter BS.
it's not evident at all!
News will come. despite what some hope / need.
Calvalley deal, back costs + phase 2 costs (share) drilling costs and possibly deal to fund Annoual drilling (hinted at in last presentation).
GSA re write
Bank financing for phase 2
all these will lead to revenue that will make curent market cap look rediculously low.
and no, they are not about to go bust.
there is plenty of available credit in previous agreement to keep the light son etc.
That kylie is still online earlier than actual share holders every morning, in his case, praying there is no rns.
and that's despite posting at 7pm on a Sunday night.
does he not have any friends or family?
I wonder why?
"something smells very very wrong here "
sure does kylie, and it's you!
what sort of twisted and obsessed individual gets out of bed and thinks I know, I'll go spend ten minutes before 7:30 in the morning to write negative BS about a company I have no interest in?
Spencer, your numbers are factually incorrect, even if we ignore the weird comment “have had the last 250k if it’s money to keep the lights on”
they haven’t had any last 250k!
I suggest you check the sp angel flash note of 19th Feb this year
https://www.soundenergyplc.com/media/tvbh5z2x/sou-2024-02-19-flash-note.pdf
quote
“Sound has about $6m left to draw on the $18m Afriquia Gaz facility that is funding the
Phase 1 development and has also reduced the monthly cash burn rate to £0.25m
ahead of closing the Calvalley deal, which should deliver back-costs that bolster its
working capital position. Attijariwafa Bank has completed the legal and technical due
diligence and has made a conditioned MAD2.365bn (~$235m) offer for Phase 2 senior
debt financing, subject to certain conditions being met such as gas sales agreement
amendments, project development contracts and Government approvals.”
Agreed it's taking a very long time.
It’s worth noting that GL said in the last presentation that all due diligence was done and they were on final documentation.
Can’t understand why that would take so long, but I do believe we are close.
Of course, what close means is anyone’s guess.
Eric,
the timing is not down to Sound. they can only announce when they receive the conversion notice.
also, the conversion is absolutely not a surprise. I for one expect the whole convertible to be converted as and when the terms allow. also note this was the last date they could convert in this tax year.
as for kylie's ravimgs, he has clearly lost the plot as he had in previouw guises. best ignored.