In addition to sea erosion in the Bacton area, Ugov. Natural England Convservation wanted to flood the inland area at Hickling broad south of Bacton to encourage wetlands for ducks by opening up to the sea. Losing more land to the north sea. As an ex Londoner that has memories of the Thames Barrier stopping flooding to the great city it beggars belief that the government pays lip service to these busy body quangos. The terminal also feeds gas from the continent via a pipeline to a gas powered electricity station at Gt. Yar. even more reason to protect the facility. Wind farms alone cant keep the lights on here or electric to run my desk top.... looking forward to a pint at the Fat Cat.
Hi Trellis as Norfolk people we both know the coast is eroding fast north and south of Bacton, doesn't help when little tern birds keep making holes in the cliffs protecting the terminal. Cant understand why the nimbies RSPB don't allow concrete facing across the cliffs to protect this important gas terminal facility. Am glad I moved from Echo Energy to IOG at least Warrren Buffet is on side, better things to come but no flashy Sound Energy presentations unless in Gt. Yarmouth MacDonald's now.
Glad I sold out of bombed out Echo last April to reinvest in I.O.G Had met Mr Hockey at Coro presentation last year, but didn't invest, later to see rise from 15p to 34p then back down again on the finance glitch. Makes a change to see some paper profit against my Sound energy loss's.
Am off to Gorleston Wetherspoon later for dinner and pint then cinema film, yesterday filmed on the beach last year with my Norfolk bird. This company sale is dragging on for ever, so much conjecture and lack of new buying if such a bargain at underpinned 25p. asset. Enjoy ya pint later, stop checking the sp on your i-phone for a miracle every 5 minutes.
AIM stocks are not the only companies investors have seen plummet as in Thomas Cook down 95% on the year. Capita 80% Metro Bank, high street stores etc, etc. Best gamble is don't put all your eggs into one basket. Set up stop loss alerts to avoid losses. Having said that the MM,s run rings round everyone, that's their living. Watch for the wide spreads....
Getting like the Twilight zone here. LSE should ask for proof of genuine share holding before allowing posts to relevant or any stocks. LSE conditions quote that members I.P. address can be checked and barred if mischief-makers' are missusing the site..
With mention of the East Morocco Shell license area. I checked the other neighbours being SDX, Predator and Chariot to research their progress to compare with Sound should the option of more drills materialise. View the map on, www.predatoroilandgas.com/operations/morocco/
I sold out with a big loss, so not enthusiastic to drive to London and back, but if I had gone would like to have asked if the income production was diluted by hiving off to the partners as exploration alone wont cause the S.P. to recover. May buy back in shortly if my SOU still languishing at 7p. another AIM mug. Sarah Dee normally sends out notices if enrolled, maybe office cut backs made her part time now. J.P. trilogy of disasters.
At the Sound AGM their was criticism of the current salaries, but postal proxy voters outnumbered the attendees. The accountant scribe said the formulae was based on market company size and comparisons etc, by which time Marko fell asleep. We weren't allowed to take pictures or record this event. Another Oil and Gas company Lekoil (formally Afren) in Nigeria has just reduced there salary costs by 25%. and is a income producer. Hold on for a white knuckle ride.
After the AGM, London Bridge in May, we were able to chat informally to J.P. in respect of the L.E. and I brought up the subject of suspension to pre-empt volatility in the S.P. and the reply was no not under the existing rules. Others present also had suggestions to this effect, basically hands tied by rules.
According to my Halifax history, it was 0.18294. of a new Coro energy, for every Sound energy held at 3rd April 2018. based on my 500,000. received allocation of 91,470. circa 4p. which I sold before drop to 2p. Happy days.
Quite correct Michael Miles, a Trellis red wine dementia moment. Hughie Green open the box pre Simon Cowell. So another large end of session buy at a pittance low. I wish I had set a stop loss and sold at 36p average to buy back at this price now but didn't, de ja vue. like so many others here. lucky I did sell 100k shares early last summer to buy into IOG. still have nearly 400k Sound shares, 75% down.. not over confident in the LE outcome. total gamble now.
When the 20p takeout offer was on RNS were being posted daily, after the 10p raise of which I took up in excess of my allocation holding, news has quietened down. What counts is the buys opposed to the sells unloading their 10p,s at a profit. I have a lot more confidence in my IOG investment at the moment as a back up from Sound Energy LE outcome. Always up for a pint with you in Norwich.