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Not sure i can follow your logic CH. surely the only way to have made any money here for a very very long time is to have shorted it. there's no in and out - it's consistently been worked by MMs such that there's been no opportunity to have bought low in any size and chopped it out for a profit? anyway, regardless, i can promise you, i'm not long and not trading it. i come back to what i said before - hardly any shares in total % terms are owned by readers/posters here, you can't manipulate even a minnow £11m stock using this bb, even if someone wanted to! the trend, direction and weakness is solely due to the company and the performance (not lack thereof) of its management team i'm afraid. that's a less comfortable but far more accurate truth.
You're right, i'm not spending all day every day watching this bb. just jump in and out, same as the resident covertable bond expert. cough, cough....
i think an idea might be to have some rules for the bb, like facebook groups tend to. this bb clearly isn't for investors or potential investors or mildly interested parties, it's a rah rah board for wildly unreaslisic optimisits. there should be very little on topic dicussion unless its posiitve. that might clear the board out and leave you lot to get on with your parallel universe.
I think you're wrong there rubber.soul. if it makes you feel better, think that. but it's not that at all. the market it's at 0.64p because some anoymous posters are posting anything on some two bob buletin board. it's here because of the big bag world out there. the % of shares owned by readers / posters on this bb is two tenths of FA. it makes no difference to the sp what's posted here. you've getting a little confused i think.
I think you're getting a little confused CH. sceptics here are flat-earthers or anti-vaxer loons, they're posting about on topic company specific issues. ultimately, if this company was meeting its targets, meeting its deadlines, covering its costs etc etc, then you would have a very different vibe. the fact is they are not and have not for years. it's been poorly run for many years. it's extremely dismissive and poor judgement to imply this is an issue of negative doomster posters, it's 100% not that, it's a bag of xxxx company - so bad that for months and months anf months, none of the negative posts here ever get any meaningful objective challenge. and that very fact and what it implies is all you really need to know and understand.....!!!
Ok, BB poll. If you think, as that loon Soundboy posted (do you actually ever do any research SB?), that SOU will be producing by April, please recommend this post.
Has no one even read or listed to what the company has communicated? Same old 2016-2018 carp posted on here, things with zero basis in reality, zero chance of happening and utter utter garbage. I'll check back in, be fascinating to see how many agree with SB.
I'm not not trying to get under anyone's skin. it's a bb for discussing the company. i'm trying to unuderstand what i might be missing here, other than some kind of blind faith / cult like following which isn't an investment approach that generally ends well. i've been clear on that. you lot have issues with people trying to engage in on topic threads, but you seem to have no issue at all with clearly under age / not wholly ok posts from the likes of pescado who clearly doesn't even understand irony - their post this morning referenced a news story from 2020, which kind of just reitrates the point sceptics here have been making for years. if you have to reply on 4yr old out of date stories when pushing back on commments about zero progress and nothing but extending timelines, i think people need to think before they post! kind of made the sceptics point for them! the points being made against managament and against company performance and delivery are what you should pick apart not motivation. they are facts, trying to understand motivation on an anonymous bb is pointless i think. i've been clear on that in thepast anyway.
Understandable smuggler, longer in the tooth investors here will know what that feels like. i can imagine how on topic posts (as opposed to the majority of utter carp posted on this bb) on this bb that point out inconveneint truth can't be easy for someone like yourself and taking it in must be tough.
JFC, there’s someone I know who gave up trying to communicate with the company back in October. Unfortunately something hasn’t felt right for months here, and this continued lack of news amidst record low sp is a bad sign. The irony is that as tvtgevtime they pedalled the line that they couldn’t and wouldn’t sit on any price sensitive news and that had to be RNS’d to the market, but if you look at the situation the company hasn’t and doesn’t done that. The performance and achievement, or lack there of, by this team is the most price sensitive influence on the sp for two years now. How is it any of the following aren’t price sensitive? Material and still unexplained repeated slippage in Phase 1 timelines, being the only chance of any revenue for the next 3-4yrs, this bloodbath of a project hasn’t been properly updated in an RNS for well over a year, no formal detailed explanation to investors/ the market, instead burying bad news in videos and presentations. Twice missing major critical bank funding deadlines, with no RNS. Twice missing CalVal farm in funding deadlines, no RNS. The g&a funding running out st 2023 year end, no RNS no explanation. And there’s so much more, Sidi, any drill programme etc. This team’s complete lack of achievement on any of these points is the most price sensitive thing, critical for this company, as the sp is telling you. They should be RNS’d. The fact they are unable to deliver is a price sensitive fact investors and the market should know.
On a separate but related point, with the sp now £11m the most telling aspect to me is that despite this sp there’s zero sizeable buying, none. You would see some signs of interest if any good news were on the way. Of course you shouldn’t, but that’s not how the world is in reality, news leaks or is shared as deals get close, but there’s nothing except occasional large 5-10m broker worked selling crossed up on the screen for a seller.
Unfortunately all this points to a very bad outcome here for Sound. I wonder where GL and GD will pop up next? The world keeps on turning, and just as sure as night follows day, the AIM ceos just keep reinventing themselves, and milking investors year after year for performance and delivery that wouldn’t be acceptable by staff in a call centre.
classic amateur hour pi view ktf. ever heard of mark-to-market? for someone who's 'in' convertable bonds as their day job (cough,cough, cough.....) i'm shocked. anyway, fact is, you've lost your **** on this share, i'd dare say you're 95% down, that's a loss by the way whether you've realised it or not. if you don't think that, you're one of a very 'special' few. no one who works anywhere near the city / finance as a job wouldsee it your way. anyway, all roads point to the same end anyway, this share will likely be delisted soon, insolvent. another entity to carry on the work of pouring money into moroccan holes.....for zero return.
Sounder, you seem like another completely unresearched investor. Anyway, I’ll give you a free bet. I’ll pay £500 to the charity of your choosing in the name of Kylie Sounder (so you know I’ve paid) if SOU drill a new well this year. It ain’t happening. Not for 2-3yrs at the pace these guys are stretching this out at. That’s a promise btw.
Wow. Classic reaction Goza. Of all the things to take away from sceptical posts, that’s what you cling on to? I don’t post under multiple accounts. It could just be there are a fair few people thinking similar things about this company and its management team. Did that ever occur to you? Lift the veil off face and look at what’s (not) going on here. Join the dots. This share is a dog. A dead dog. Woof woof.
Crumbs! Careful Goza, unless there's one rule for some and another rule for others, posting at 3.43am will get you into trouble on this bb based on past experience.
In terms of what you're suggesting, I think you need to step back. The only way that any benefit is flowing to existing SH is if you don't give away even more of the revenue through equity or asset dilution, of lose the licence all together, or the company doesn't go bust. Again, there's a massive difference between the company getting this over the line and existing SH seeing any benefit at all from it, they are not mutually exclusive. These projects are complex, they do take time and they are expensive, that's the point. A company with an mcap of £12m isn't best placed to execute it, so it might well be Phase 1 and or Phase 2 get underway in the next 2-5yrs, but the chances of any current SH seeing any benefit from that is about zero in my view, as a result of massive future dilution on way of another, or SOU loses the licence/project altogether in favour of a company with a (better) funded balance sheet and competent and transparent management team.
I’ve never referred to your money or your investment once chappy. I’m talking about sound. Don’t get confused or try and change the subject, makes you look defensive re your decisions and views. Oh hang on…..
Soundboy - look up the definition of a cult in the dictionary, looks very much like the clique on this bb. you're all up for morons (not pointing fingers of course, cough cough) posting baseless, unfounded carp about loan agreements being in the bag, 69s and spaceships, but won't engage in two way debate on this company. what a loon.....
it's all about to go bang in my view. another good day at the officetoday from GL, sp only down 6%, you guys should be chuffed with that, no?
Smuggler - what does being a SH have to do with anything? if you're that hung up it, i'd say you're extremely insecure in your investment logic here, which is understandable I guess. posters post logic and fact, not the kind of baseless unsupported carp that Soundboy posts, with nothing behind it. if you're that concerned by logic and reason, don't shoot the messenger. talking of shooting people, has anyone heard from the company in the last few months? if so, why don't you simply post what was asked and what the response was? i contacted back in October regarding three specific areas of concern / questions. i have still not heard back from them..... I'm very much assuming this is a common theme based on other posts here. Go figure....
It should now be obvious (as if it wasn't at the time....) to all, even the 'head in the sanders' here why for example the convertable bond holder sold out at seemingly mad levels 50% or more below the strike price. they could see the writing on the wall here. semi-sophisticated investors with more insight onto this company than PIs, yet the concensus here pedalled by the like sof ktf and gang was that despite the blindingly obvious, they knew better! what a shame. this company is simply a vehicle used by the moroccans to suck money out of a poorly regulated minor London market into morocco, with zero intention of those investors seeing any of their money back, let a lone a return. GL/GD, they know and can see this of course. Licences to be taken back by ONYHM in early 2024 in my strong view now, an utter utter shambles that is starting to make JP look like a competent helm.