The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
That's shows the underlying value here. Wish I had dumped Sound energy to top up with this before they dropped.
Ironically Andrew Hockey was involved with James Parsons previously at Sound, and I was introduced by him at a Coro presentation, quick handshake and chat about the Bacton terminal just up the coast from my business. Viva Warren buffet.
Have a good night Trellis, Will have to meet up at the Norwich Fat Cat pub one day. for a beer or wine, but not any of that Norfolk mulled wine stuff my lady friend keeps in her cupboard as tastes like Co-op cough mixture.
As for my Sound energy loss, whether paper or post sold established loss is a reflection on my bad judgement or being taken in by the golden ticket rubbish . Had the drill bits been successful the posts here would have been euphoria and pro J.P. as it was at the Shard and Gherkin presentations, Gold fever or fools gold !.
Think we need more than reassurance from J.P. more like a positive result.
Sir Trellis, My ex-wife was a West Ham girl from Upton park and supporter, pity any Norwich Canary fans using a pub nearby on away games.
Our present situation is very 51% 49% negative/positive whichever side you adhere to. with large paper losses.
Reading Crudehope Kirk this week comments on J.P. does slightly give some positive insight into where this L.E. might be going, albeit hang on.
Posters might be jealous of his connection with J.P. from the Shard presentation when he read out a statement on his support for the company, therefore no reason for him not to keep in touch, providing not price sensitive news.
At the last A.G.M. were voting guests could attend including myself with proof of holdings, attendees were quite critical of the salary scheme but outvoted by cornerstone share holders.
Marco looked really bored with the whole J.P. salary discussion, but in spite of his paper losses not looking suicidal.
Many of us have huge paper losses and rather than sell prefer to gamble on a decent L.E. at some point.
After the London Bridge A.G.M. leaving with a last hand shake on the steps outside a few words were spoken, one of which was (reassurance) ?. am not adding to that as not being accused of being Crudehope. any one of the other share holders could have had the same resulting comment or conversation with him on leaving.
Earlier one other conversation in the room with some other guys speaking to J.P. was suspension of shares, of which he ruled out.
My long term investment in a A.I.M Jerry Orbell company 2011 from consolidation penny shares has come full circle, except for the TE5 discovery, Sound Energy would have been delisted by now, like another Afren Oil and Gas with the bondholders keeping the assets to sell.. with the share holders getting nothing. Watch this space ……
Tax (Loss Gain) against business property sale gains on retirement.
Jinz73, sorry to hear of your health problems, the current situation here at Sound Energy doesn't help your stress levels.
Look at the spread today, either a big sell due, or buy.
Mention of e.g.m and fca complaints wont happen. the city looks after its own.
One way or the other this will pan out.
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.
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.