Member Info for LedZep

Well at least we will; have a couple of "non-drop" days over the week-end, or have they managed to manipulate that one, as well.
Gawd, this continual decline is getting frustrating to say the least, but I thought the downward pressure subsided around lunch time, but took on new life for the last 20 mins.
Do expect a reprieve in the next day or two, to allow the sp to climb a little, then the downward pressure would probably start again.
All guesswork, on my part, depends how organised the selling is, I suppose.

Shed : No problem.
Similar to yourself, I neither have JP on a pedestal nor totally cynical about is motives, but he hasn't covered himself in glory, over the past 18 months or so. Fundamentally, I'm pretty sure he and the team will do their utmost to make Sound Energy as successful as possible and deliver significant benefits to shareholders and stakeholders alike.

Tallyman aka rent man - people used to hide behind the sofa to avoid the tallyman, obviously a generation thing.

The level of sp is disheartening at the moment and on the surface a little surprising, considering what has been achieved to date, and what could be around the corner.
However, to my mind, the flip flop effect of JP's initial over exuberance, which created a lot of interest in Sound and further investment by existing holders (myself included), coupled with the infamous trading plan, has undermined confidence.
With the trading plan issue sitting on the back of the results of TE-8, and the failure of Badile, a significant proportion of holders have lost confidence and sold out completely (questionable due to sp level), or more likely significantly de-risked, waiting for positive news before buying back in - and in the mean time promote the negatives (if that is their wont), waiting for a lower buy in.
On top of this, we have ongoing ghoulie hunting - looking for something that doesn't add up, first casing too early, liner required or not, sp falling because of early bad news etc. trying to be ahead of the curve and spot a reason to sell up, before disaster arrives.
In the mean time, any gas ( and oil), is still in situ, and the whole Sound team,and supporting infra-structure, IMO, are doing their utmost to secure an astounding successful outcome, for all involved, which could be life changing for those invested at the right time.
I say "right time", because it's a possibility that we may have a three 7.00 a.m. RNS event, 1)TE-9 results,2) GSA, 3) trading suspended, pending offer (in my dreams).
Now that would be fun.

Jag Have a look at Petro Matad (matd), spudded 6 days, later than Sound. Slightly longer drill period, I think, but they have started to move today.

The fact that the NOMADS are merging is irrelevant, the important issue is that PSL have no NOMAD at present.
Yes, the merging of Northland and SP Angel may result in a combined entity that would be prepared to act as NOMAD for PSL, but as yet we have no evidence of that.
Must admit I'm not particularly interested in your past trading, good or bad, but thanks anyway.
Everyone's opinion is welcome, but it is just that, an opinion, but bland, " everyone will make money from here", type statements, don't help the company or any potential investors, and are part of the reason why AIM stocks are finding it harder to raise cash, and if they do it's at bigger discounts to the sp, IMO, but thats part of a larger discussion.

Solstace:
Quite aware that he NOMADS are merging, but the result is, PAL (sic) has no NOMAD, and needs to appoint one.
i.e. a NOMAD is absent.
Secondly are you financially qualified to be offering advice as per your 22.47 post?

That Was The Week That Was.
Quite understand the there is all to gain and not much to lose attitude here, from some of the more recent "investors", and it will bounce next week etc. and I hope that it will.
However, a reality check is required, this is now on the brink. The revenue generating subsidiary going into receivership to mitigate losses, leaving a Tech group, with no proven contracts or revenue as the saving grace. This coupled with an absent NOMAD, is in IMO, not making for good future prospects.
There must have been some heavy leaning on the debt facility, since there was only £47k in the bank at the end of June - but hopefully this will go the same way as the LED subsidiary.
The small but crucial piece (or missing piece) of info and PR was the lack of positiveness in the first RNS on Wednesday, regarding the anticipated conversion of contracts by the end of the year (which was in the half yearlies),
If a positive slant was ever required, that RNS need it, but it wasn't taken, hence I am not confident that contracts are there for PSL.
Funding is now absolute for PSL, to develop/deliver Halcyon, - previously I was of the opinion that funding would be raised on the back of good news, a contract or new release, but it is now looking like funding/debt at any cost.
Consolidation of shares may come, to make the sp seem reasonable, to enable a fund raise to happen, so in the short term PSL will be pumped for a quick profit, but with any decent rise, the "investors" will not be making an orderly queue at the exit door, which will curtail any longer term rise in sp.
So each to there own strategy for investment/trading but hope something can be built for the future for all involved with PSL.

IMO the painful seller ceased at 10.57 yesterday, as there has not been any further100k sells since. As the bid price taken at the time was 10.04, and the bid has been well above that all day, fair assumption that we now have a clear run.

Sold most this morning, lucky enough to be on a free carry, but the first RNS was a shocker. Too much of a disconnect for me between half year result write up I.e. Trials well received and contracts expected by end of year compared with today's RNS. If a time was needed to put a positive slant on the future prospects, this was it, but it wasn't taken. Mmmmmmmmmm, wonder why? The "partnership" debacle, now looks desperate in hindsight, so not hopeful for the future. If I was new to PSL, It would be worth a £500 punt, hence, leaving a little invested, but there will be some pain to go through. Consolidation of shares, debt financing, placing at some price etc. But who would go into a roll out programme with psl now, Halcyon would have to be head and shoulders above the competition, but if it was, we would have had the contracts by now. Let the dust settle and see what can be resuscitated. Good Luck to the lths here

Interesting article in Mech engineers Re: Hydrogen/ hybrid trains
http://www.imeche.org/news/news-article/could-hydrogen-trains-be-the-future-of-rail

Oh forgot:
Piltick - were you in ATC, and still waiting for a relisting, just as I am?

Hi Guys
I live on Marsh Lane, Ince and the planning application picked up by Audible is for the Peel Holdings Biomass Incinerator that is being built on Ince Marshes( about 1 mile from the village). See link below:
http://www.peelenergy.co.uk/ince/

The DMG test process is located a mile in the opposite direction at the Thornton research facility.

It's very interesting having, what could be, a revolutionary recycling process, with all it's environmental benefits, being developed on my doorstep.
So, I have purchased a few PHE tokens and will watch with interest where this will lead.

Seems to be an issue on what actually constitutes a "partnership".
I wonder if L&Q have taken the issue up with PSL, and shouldn't they have done so prior to speaking to Inside Housing, so the mis-understanding could be resolved.

https://www.insidehousing.co.uk/news/news/lq-trialling-tech-for-smart-estate-management-58707

Pretty good news in the RNS - partnership, potential of 80000 houses, and more trials.
The present position of the company i.e. in terms of developing it's business model, is, IMO, difficult to read, because it does have a ring of "groundhog" about it.
i.e. more trials, developing with the client, and possibly more enhancements of V2.
A word about how the existing trials are progressing towards contracts - seeing as these are expected by the end of the year, would have been useful, and how the results of all the trials are to be integrated together, if at all.
The spectre of financing is also hanging heavy, and how are we paying the bills at the moment?
For me, it is becoming increasingly difficult to read with more questions than answers.

Nice to see 7p again. Looks like mms are keen for shares actual bid 6.933.
Onwards and Upwards

What is afoot? Rns Monday maybe?

Fair comment Bermondsey :
In that case, shouldn't we have seen a placing by now ? Or are we bottoming out the overdraft first !

Thats probably put a curse on it!

Been looking at the half year results and playing around with the numbers.
Taking the revenue for the 6 months £1.33m,
and deducting the Cost of sales (£870K) and Admin Exes (£1.289m)
Results in a 6 monthly loss of £829K or 138K per month.
There isn't much seasonality in PSL's trade therefore reasonable to assume £138K net cash burn per month.

This gives Net cash burn to date (from 30/6/18) of £414K
We did have 47K cash in hand and a R&D rebate of £200K, so at best overall cash burn to date £167K.
This is presumably being funded from the debt facility, which as someone previously pointed out can be expensive.........so why no placing yet, to raise funds?

The nay sayers will suggest loss of confidence and unable to get a placing away or could it be (just a theory), that we are pretty close to some significant news and the placing could be at a premium riding on the back of the news release.
In addition, if the outlook for Halcyon contracts was as bleak as some say, I would venture to suggest that a lot of work would have been done to streamline the admin around the business to enable it to exist for longer on a lean and mean basis. There has been no mention of significant cost cutting, as far as I can see, and perhaps they are preserving the infra-structure to support the strategic change in direction of the company.

I'm' sure all will be revealed in due course.

Pipped at the post ! by less than a minute.

Must have nimble fingers