Member Info for Mancave

If you click on the "o" - trade type it is reported as delayed publication so timestammt be an indicator...........

"Under the terms of the HOT, Sound Energy has granted to the Purchaser an exclusivity period expiring on 14 February 2020, subject to certain milestones being met, to complete due diligence on the Eastern Morocco Portfolio and to finalise a binding sale and purchase agreement for the proposed sale by Sound Energy"

The bit that caught my eye was "and to finalise a binding sale and purchase agreement for the proposed sale by Sound Energy"
I read this as due to be finalised tomorrow, wo therefore can we expect an update then?

2.5mill bought v 500k sold yet we are down.......

we assume that, at this point, it is just signatures on pages? If so, are they obligated to RNS straight away as this is price sensitive.
Only asking as there is the penchant for news (good or bad) to appear be known prior to release, possibly allowing certain parties to divest or invest, as appropriate, prior to announcement.
Obviously this is mere speculation and there is probably no truth in my musings...............................
Just wondering if they could be "reviewing" said paperwork until Mon/Tues before making public...?

Must the weather Joe.........................

"The second meeting of National Committee to further consider and, if agreed, to approve CPF EIA is scheduled on 28th January 2020. "
Can we assume no news is good news? Or will it all be rolled into whatever RNS that is expected on or after 14th Feb?
Also anybody elese notice the two, 1 million shares sold almost exactly 1 hour apart yesterday afternoon? Could someone being trying to supress the price?

As he only sold 500k - I would have thught they got through those yesterday....?

1 million + buys, 0 sells yet the SP is static?
Yesterday was the same?

Totally agree Jones - Also just find it a bit odd that Marco has taken this on - where will SOU find the money to pay him back - if it is contingent on East Morroco coming good then why the radio silence regards SM?

So can we be cautiously optimisitc?
Is the supressed SP partially due to the lack of clarity regards practically everything related to this company (SM/Tendrara/partner et al)
We have had a higher SP for less potential in the past.................

Hawthorn - N4APound has asked me to post the following as an alternate take of JP's Regency pitch:

"History is written by the victors.

And we are here, collectively to create a financial legacy for our families. A legacy for the countries in which we operate. And to make history.

We believe the opportunities presented in the natural resources market are worth £billions and here at regency we have a world class team poised to take advantage of the latest technology available to us in a deal that has been made with the leading subsurface companies around the world.

For 95% of our license areas I have made a deal with Looks Great on the Surface Plc to undertake world class evaluation of the ground using latest technology – they will deploy 40 trucks in convoy, that will decimate the earth, we will use divine rods and copper pots of water with magnets and rain dance techniques to determine where next we will not find any lithium, or cadmium or anything that is worth something, and we will leave no stone unturned to find all non-commercial areas within our asset base.

This technique of adding value, may involve a few cash raises from share issues – but these will be relatively small as time progresses and we will make sure you never find out who snaps up the shares purely because we do not want our investor base to get distracted from how great our technique of adding value is.

Prime example of success is sound energy – we took something on the brink of extinction, hyped it to high heavens to get all manner of people behind us with wads of cash and then got them to ‘invest’.

Several years and share issues later, not to mention many many multiples of bank balances achieved, we created an asset that was ripe for a buyer at a bargain basement price with huge upside potential. A couple of deep dives later we determined where the buyer should not carry out any activities thus making it hugely efficient for them to monetise the asset at a price that makes the future dividend payout ratios incredibly appealing to investors old and new.

We will do the same thing at regency mines and are just waiting for our new cornerstone investor to free their funds from sound energy, at huge profit, to reinvest here at regency. Exciting times ahead.

The Failure"

All tongue in cheek but this is the perception of many on the SOU board.....

N4APound has asked me to post the following as an alternate take of JP's Regency pitch:

"History is written by the victors.

And we are here, collectively to create a financial legacy for our families. A legacy for the countries in which we operate. And to make history.

We believe the opportunities presented in the natural resources market are worth £billions and here at regency we have a world class team poised to take advantage of the latest technology available to us in a deal that has been made with the leading subsurface companies around the world.

For 95% of our license areas I have made a deal with Looks Great on the Surface Plc to undertake world class evaluation of the ground using latest technology – they will deploy 40 trucks in convoy, that will decimate the earth, we will use divine rods and copper pots of water with magnets and rain dance techniques to determine where next we will not find any lithium, or cadmium or anything that is worth something, and we will leave no stone unturned to find all non-commercial areas within our asset base.

This technique of adding value, may involve a few cash raises from share issues – but these will be relatively small as time progresses and we will make sure you never find out who snaps up the shares purely because we do not want our investor base to get distracted from how great our technique of adding value is.

Prime example of success is sound energy – we took something on the brink of extinction, hyped it to high heavens to get all manner of people behind us with wads of cash and then got them to ‘invest’.

Several years and share issues later, not to mention many many multiples of bank balances achieved, we created an asset that was ripe for a buyer at a bargain basement price with huge upside potential. A couple of deep dives later we determined where the buyer should not carry out any activities thus making it hugely efficient for them to monetise the asset at a price that makes the future dividend payout ratios incredibly appealing to investors old and new.

We will do the same thing at regency mines and are just waiting for our new cornerstone investor to free their funds from sound energy, at huge profit, to reinvest here at regency. Exciting times ahead.

The Failure"

Jez
I am starting to think that we will not need a permanant CEO - is there the distinct possibility that we will be sold in our entirety or bought out/taken over? Could we be perceived as being in a distressed state? Also, the role may be considered a poisoned chalice amongst those that may be potentially approached.
And as there is hardly any cash left in the pot - what will we pay them?

Also agree that 12th May is a very specific date - a Tuesday? At least see the week out........

Mr. Seghiri is beneficially interested in a total of 322,092 restricted stock units over new ordinary shares in the Company ("RSUs"), of which 126,501 RSUs vest on 1 January 2021 and 195,591 RSUs vest, subject to relevant performance criteria being achieved, on 1 January 2022

What relevant performance criteria I wonder..............?

In addition, Mr. Seghiri holds 1.5 million options to subscribe for new ordinary shares in the Company at a price of 70 pence per new ordinary share, with a vesting date of 18 January 2020 and an expiry date on 18 January 2022

70p...........................???????

"Sound Energy expects to get an approval for the environmental check at a second meeting with the National Committee from the Moroccan Ministry of Energy, Mines, and Environment on January 28."

5/6 days..............

Care to expand KTF?

Chatting to a colleague got me wondering as to what happens after the deal s struck - we have no staff and as such have become a shell company.
Could there be the very real possibility of the company being delisted?
What potential is there in the company as it stands? Or are there consideratons that could prevent this?
I dont want to lose out more than the next man but mst admit to being concerned and as always, just trying to start a debate..........

and what have SOU ever done for us.......................?

Could the board insist he take shares in lieu of cash - surely his contract would dictate that a cash settlement would always be an option?
Also, I can see why the board is concenred with preserving the cash balance but, if you were in BM's shoes, would you not want the money - I know I wouldn't be concerned with "preserving a cash balance" in a company that has effectively sold out - unless there are other factors at play that are yet to reveal themselves?

Also, Brian leaves on 31st March & GSA is due for signing on 31st March - thinking there may be a bit of news between now and then - anything to alleviate this constant sniping on this board