Member Info for kylie75

Are you surprised? There’s no value being added (in fact it’s falling) by the mgt team here. Simple market supply & demand function. This share is just about paying mgt, nothing more. 8 months after asset sale there’s not been a single material RNS detailing Managem progress. Go figure….you’ve all been sold a pup by GL and the gang.

Oh dear, it looks like GL sold out of half of his holding between 12.21-12.23 today. RNS Monday…

GL resigning or the sp reaching 1p? I say GL resigning, you say.....?

You've finally caught up Spencer - these are risks/certainties imho that i wrote about as soon as the deal was done. this team are treating you lot like mushrooms. like absolute fools. look at what they do, not what they say. words are cheap and actions / delivery means all, and there's SFA sign of that. remember, they day after this company goes bust they'll be on a beach without a care in the world. they are simply bsing you guys. they have no means to control anything, and as such the investment prospect is even more poor than the last 7yrs. i've been saying that for nearly a year.

What this comes down to is there’s zero market patience or belief in the bs being played here by mgt. They’re following an early 2000s playbook, but that doesn’t work in 2025, the market sees through that. In the end words are cheap and basically in terms of SH value add, words is all that GL has ever delivered. Actions and action only will have any impact here, the time for GL and Co whispering in the market’s ear whilst having a fiddle has long gone. There are no actions, zero signs of concrete progress on anything. And that’s why a new all time low is coming very soon. In Graham we trust…….cough.

Answers on a postcard. I’ve made my view extremely clear on that, based on solid objective reasoning. For example, last week GL and others were in Morocco meeting Managem and other key stakeholders. It was strongly implied on the AGM call that an update would follow that. Guess what, silence, nada, SFA. It’s simply a sham this company, here to pay salaries and bonuses to the management team.

Oh, and I assume everyone picked up Gary Dempster has left. Another CFO who couldn’t handle the messaging (vs reality) to SH again I suspect. They get through CFOs as often as brokers. Wonder why that hasn’t been RNSd?? Poor optics again.

It certainly wasn’t PS. It would be like Turkeys asking when Christmas Day is on the calendar. I’d say that call was exactly as expected, nothing important conveyed on what SOU is all about, ie gas. It was all tomorrow Rodney type answers, with plenty of caveats to excuse them for the inevitable missed deadlines ahead. I thought the mood music re their sight of Managem progress esp as it sounds the FEED hasn’t even be started yet (wtf?????) was a shocking admission given by their own admission that takes 6 months (probably 20 months then in SOU universe) and that’s needed before FID. a car crash. Proof being the market bid has moved up all of 0.02p since before the call to 0.677p this morning. Fluff and bs.

It really underlines something very important - it's the debt holders that take less risk that are nailed on going to / have received all the returns here, not equity holders who are basically machine gun fodder for the mgt team. medium term long term, since 2012 when the first debt came on board they've cleaned up here, SHs the opposite

I think that's what the clever crew realised a while back. would love to hear GL/GD pick that logic apart....it ain't gonna happen. #bustedflush.

It's fascinating and but oh so predictable that the 2-3 gas related projects that are months overdue an update and could actually make a little difference have not been RNS'd this morning. Nada, zip, zero. Without cash to invest, both of the RNSs today have less value than a bumper pack of Andrex bog roll. Neither will provide any value to SHs without free cash flow to pay for them, or eye watering (impossible really given current mcap) existing SH further dilution. Just another classic SOU case of rearranging the deck chairs whilst the boat sinks.

Haha...."prospective potential" - GL/JP speak for a punt in the dark. They used the same language re TE6 and TE7 and Badile.....

I’d hope there wasn’t news they hadn’t mentioned PS, as GL will end up in prison for insider trading having just bought shares. There’s no news as the team are fwits and after 5yrs proven they’re no different to JP and his cohort. Love the patter, not so great at explaining how or why there’s a gulf between what they guide and reality, and has been for 5yrs. The market is wise to it now and this share is doomed. It’s going to zero, watch.

PS - two things. Firstly, I don't believe you own 20m shares, your views on this company aren't that of someone that owns 1% of the company - my opinion of course, no way for me to prove it. Secondly, the least of my concerns would be the funding. The funding won't be possible unless there's actual concrete progress on P1 and P2, and lesser so the drills. At the moment there is NO PROGRESS on those. Without that, there will be no debt renegotiation. That follows the company actually proving the the debt holders, and lesser so the market, that they're not full of bs, which is clearly what they look like currently. As there is unlikely to be FID until Q4 2026 at the earliest in my view, and no cash from P1 in the bank until 2H26, I think you've got a long wait

Yes of course that have! They just, in their usual style, have not told you explicitly yet. I'd say everything deferred until 26-28 now at best. The seller is out this morning again selling in size near all time lows. They've called it right for years, and no doubt will on the latest sales too. The AGM/presentation is nailed on going to be a huge let down / repeat of same garbage they spout 2-3x a year. Excuses for deadlines being missed and pushed out another 12 months, hits at further funding / dilution of existing SHs, blaming 3rd parties etc etc. Phase 2 has been ongoing over 5yrs now - there is credible NO excuse they could provide that the market believes now. This share is destined to trade to zero imho. Tomorrow will just be another sharply painful day in the life of being a SH here.

Appreciate the response PS, but there's no way someone with that outlook and that view of risks (i agree with everything you posted btw) holds 1% of this company's stock. the risk/reward is not that compelling, even if they pull it off.

the good news short term (cough, cough) is that with the AGM next week I am sure the management team are well ahead of all us fwits on this bb, they'll address all these concerns, confirm spud dates & drill plan, confirm funding bank is signed up now and P1 on track, confirm Sidi farm in, and more, and provide every SH here with a clear path to the promise land, again, again. Cough cough.

GL is responsible for sucking all the spunk out of even the most enthusiastic shareholders, quite a feat! Master of nowt. Deliverer of SFA. Master of bs. GL=JP.

Do you not think it’s the complete absence of any material progress on P1, P2 or drilling programme, and continued missing of all guidance re timelines that’s the major issue here? The debt is an issue because they’re woefully late delivering, again. It’s in this company’s DNA

I'm sure that approach of interpreting what GL / JP has said and done has worked really well for you and others over the years here (especially as the sp is within a hare's whisker of all time lows today), but it's not a winning formula/approach based on my experience. I look at other metrics when deciding to invest or not. him buying a hand full of shares that's a fraction I'd think of what many on this bb own, in outright number and in terms of % of income, provides zero comfort to me. i'm waiting to see the long trailed P1 progress, RNSing of some of the P2 stage posts they communicated, and a concrete sign of drilling plan, spudding in the next 2-3 months as they guided. without the above all you've got a yet more fluff and bs from this team, amidst massive payouts to themselves.

From SOU RNS 11 December 2024 making statement re the sale of Tendrara asset to Managem for as it turned out zero value, "This is a transformative transaction for Sound Energy, unlocking significant value and we look forward to the new chapter of Tendrara development and exploration activity in Morocco". Makes you wonder how someone so clueless gets into such a position where they can cream 5% of a company's mcap off in salary and add negative SH value via such a 'transformative' transaction. Anyone have any thoughts?