Member Info for Kempseyman

Thanks Border some interesting work on the time scales there.
I hope to be in Tendrara to see them drilling te9 but of course we won't be privy to any new information that won't be available to all shareholders.

That said, we may be visiting te9 in a similar workstate to the visit of te7 when although there was no actual news -there was a great buzz around the drill site from the workers who sensed that we were onto something pretty fantastic, from gas shows, the gas chemistry and fractures encounterd when drilling.
Looking forward to it GLA

I've been in touch with Sarah at HQ. Visit is still on for October 15-19.
Not booking my flights yet.....just in case!
Anyone fancy the train trip from Rabat to Oujda, break the journey in Fez overnight? A bit of sightseeing rather than airport terminals.
Let me know.
GLA

I would have liked Malcy to have quizzed Brian on what they have learned from the seismic regarding how to identify permeability / tightly held gas /rugosity issues á la TE8.
It's one skill to pick the spot where the gas should be found but as at TE8, getting it to flow. That is one part of the operation that really bothers me.
Just had a setback over on another holding of mine- 88e. Oil didn't flow. Setback but delaying the project. Not terminal.
Can understand how a successful TE9 will really put a rocket under the sp as it could derisk the wells around it. Holding on tight. GLA See a few of you on the next Morocco jolly?

I'd also like to thank those who posted questions /replies as wasn't around for the live action. Questions covered all the bases as far as I'm concerned. Registered for Morocco trip. Would be nice if the sp was a bit higher.....))

Knowing many of us have been waiting several years for a LE it is not unreasonable to wish for an exit as soon as possible with decent offer from a major.

However, in the light of this recent RNS talking about oil, who now wishes that we walk away before having the opportunity to drill and locate a potentially transformational oil body on the Anoual licence?
A further string to our bow and additional market cap - perhaps this could be separated from the gas play when it comes to a LE? Or a contingent sale hiving off the oil side of the business with future payments depending upon what oil is actually discovered and extracted?
GLA

Todays RNS will certainly have the majors licking their lips. Big basin fed gas play and now big oil potential. Would be interesting to see the analogy to the Algerian geology on this oil

My take on it.....
James has been in discussions for months. Regardless of the outcome of TE9 we will be sold, based on the excellence of the 3D seismic. So... if we need to get as far as to drill again, the drilling information gleaned from TE9 and correlated with 3D and what can then be read across the A- structure will be enough to give a deep-pocket major enough to go for but without overpaying for proven resources.
Doubles and trebled all round. Morocco gets what they want- a major getting multiple drills going.
James has his LE and the major(s) a multi TCF play with infrastructure / GSA / pipeline ready.
Not really a conspiracy, except from the point of view that the BOD must keep us in the dark and it is unlikely I will see anywhere near 4 figures.

I've been holder of Sound shares for many years and intend to stick with them until the end. I enjoy JP's company and have met him on many occasions. That said, and I've heard his rationale for selling down his holdings, I respect his right to do so. But, was he naive, poorly advised or just didn't forsee the market perception of his RNS? Whichever it was and no matter what he says, it comes across as crass. Few Institutional investors? Perhaps they've taken a leaf out of his book and are focussing on the COF. Sorry James, you just shouldn't have done it. Let's just hope we multi-bag and we all win out in the end. GLA

In my mind for JP to stand up in front of a group of potentially highly cheesed off investors - when he doesn't have to tells me that he is either A: So massively confident in what lies under the ground and has no doubt at all that he will achieve a really good return for his shareholders through the drill bit or, B: one of the majors in off the record discussion has indicated they want that territory with a decent buy out price regardless of the drill outcome, or, C: He's a con-man.... Personally, having met him a few times, I go for the former. But wtfdik all that said i would like to know why he felt the need to derisk his golden tickets......

They need to start talking revenues. Concepts are all well and good but show me the money!

Can somebody remind me please how much Williams is drawn in salary from this company thanks in advance

Look at Jim Williams drawings from the business over the years. Millions and millions. I lost plenty following this CEO. First met him at a Mines and Money conference in London many years ago. Should have trusted my instincts then when he wouldn't make eye contact when engaging in conversation, but the silver prospects were so enticing....jam was always tomorrow! Many fund-raisings later I'm older, wiser, poorer. Just DYOR on his takings from the business over the years.

I've still got a holding in the suspended IPSA would be interested to know what the current relationship is. Hadn't got wind of any possible reversal into RUR. Don't RUR owe them money? So long ago i have failed to keep up and mentally written it off.

We just need the POG to keep moving up now....

I'm no lawyer but my understanding is that should we relist in Canada, Peru ( or London one day) our percentage holdings in the company remain legally ours and should be tradeable. Just because a company with dual listing decides to cancel a listing does not make a shareholding worthless. If that were the case then the shares would have to be cancelled (this normally requires a vote at an EGM.) There seem to be a number of postings relating to everything being lost here in London! Anyone know a Company Secretary to ask this basic question? If we get a recovery in the price of gold we should see a recovery in the market cap of Minera?

Bought in on the strength of the potential upside and the quality of the analyst research. It was either a bit more into SOU or this. Decided to split. Hope the politics and religious fundamentalists in the region don't spoil the party. Thanks to the posters on here who present well thought-through opinions.

Buys showing as sells. Plenty more headroom with the potential of this share

Markets might wait the 30 days to see if Iris will appeal to the Federal Court, before rerating us. There's still an element of uncertainty.

would expect to see some rise in the ipsa price when rurelec (rur) takes off after receiving a compensation payment - companies are connected. Check it out for yourself.

Agreed- the RUR effect is largely ignored by the mass market but it will impact us. Am going for a small piece of RUR action myself tomorrow.