Member Info for LedZep

Thanks for the comprehensive update Lewis, but have you double netted the present value to Sound based on 2P reserves, and the value should be around 57p - all from memory so may be wrong.

Can't even buy �100 - must be one hell of a buy order being filled

At last we are in seven(th) heaven - lets get the bid up there too.

To my mind what is coming through from the snippets from last nights event is the complexity and interconnectedness of several key issues being main drivers to the end result. - Seismic/aerial data driving the cpr. - Deliberations and oil/gas price driving GSA - CPR and GSA driving possible debt funding/ II Investment - Debt funding required to fund the insurance option of Sidi in case of three well failure at Tendrara, so perhaps needs to be in place prior to TE9 drill. The apparent prevarication over well location for TE9 feels a tad suspicious, but it could well be with good reason to ensure (yet again) that all the ducks are aligned.

Big thanks to MikeGP and GingerBear for their feedback on the event. Puts the vacuous drivel about ongoing sp performance into perspective.

Question for JP: Why go ahead with the planned format and just have an open Q&A session? A little tongue in cheek, but I feel if it is as previous formats (Q&A as you go), a lot of time will be spent on tech info re: TE9 and the burning issues will not be given a full hearing. All IMO.

Notice a couple of top notch traders, lasting approx 2.5 hours apiece, both selling out with about �100 loss. I've had goldfish with a better attention span. What is it these days when very few have any patience for anything, and that doesn't just apply to investing. Must all be part of this instant access info, internetty thing that we have, that creates the feeling in people that things are better elsewhere, and others are doing far more important and trendy activities. A little patience is required here with PSL to realise the full benefits of what can be achieved. Remember "a watched toaster, never boils".

Catch phrase from Hughie Green - for those oldies out there. Buys beginning to build the ask is on the move - should you or shouldn't you. Seriously, IMO, there is a lot of support @ 0.37 level, as soon as it drops to this the buys begin.

Errrrmmmm- Not as mis-leading as someone stating that the sp would be down by 8% at COB, earlier in the day. I wonder who that was ? Anyway, not been a good day for you, Soundtrader, for percentages, has it ?

I think we may have seen the lowest sp for nigh on 22 months, but little has changed since post Badile regarding the fundamental assets that we have in Morocco. Yep, there have been some debatable occurrences re: Jps disposal of shares,C.I.Ps distribution of shares, delays in key news events, JP's early hype-fest, but nothing that changes the basics, as Prudent was alluding to earlier. However, the tenuous nature of a lot of "investors", IMO, have allowed the naysayers to create mental mountains out of these molehill issues, and resulted in a prolonged slow but steady sell off period, exacerbated by a lack of tangible good news. We have been in an extended data gathering (aerial,seismic etc), and deal making (GSA) period, which when suitably concluded will significantly de-risk the up coming drills and strengthen Sounds position in Morocco. There is much to look forward to here, which, IMO, will be capably delivered by the Sound Team. This is not viewed through "rose tints", or blind faith, as any investor should continually re-assess as new info becomes available and each to their own decisions. My view is on the main prize and will continue to add more shares on the dips that are kindly provided by the more tenuous investor,and trade a few as necessary on the way back up. Looking forward to the upcoming news.

To my mind the annual results for 2017 are already priced in to the sp, as we saw a big drop on release of the provisional results, in the first week of February. So any bad news re: profit, revenue etc is already in there. The good bit, IMO, is likely to come from the write up around the results regarding how well the trials and the release of Halcyon V2 is progressing. I would suspect the Final Results to be a little delayed, compared to last year, to allow for the compilation of feedback on the release of V2, to enable the bad news (financials, that we already know of) to be supplemented with excellent news re: trials etc. Any whiff of trial success, IMO, should put a rocket up the sp.

Absolutely priceless, that statement Soundtrader. Do you know how % work on a daily basis? Its a bit like the reverse of compound interest. Jeeez, the standard of deramper these days !!!!

Brisk trading this am compared to the past. All looking good for a steady climb.

Looks like a 10m share delayed buy from 14.35 reported late. Wonder if they got wind of an approaching RNS?

AimTD: Thats funny. At least it proves where we are re: the prices.

By my reckoning we should be due the results of the Vanadium heap-leaching trials pretty soon, i.e. before end of month. Probably why positions are now being taken in anticipation.

looks like the pressure is building up here, as we wait for news. Full ask paid.

Red buys going through again................

Your point about the placing shares, Oilfinder, is of utmost importance, IMO. 150m additional shares were issued (a % to Walker Cripps), but there has been little or no evidence of the shares being sold into the market. There were a handful of 2.5m trades the day after the announcement, which appeared to be flipped shares but some of these had subsequent contra trades, in effect cancelling them. (Read into that what you may re: creating an impression of flipping) Very, very rarely have I witnessed such a sticky placing of shares, so lets wait and see what the good news brings.

Oilfinder: Thanks for the response and additional info. I'm also a long way short of the 22m shares needed to declare a 3% holding, but happy to add a few more on any dips that appear. There is every possible chance , IMO, that we've caught PSL at its key pivot change in strategy and software development, that could lead to delivering a lot of shareholder value.