Member Info for Manics

Boom. From 250SWB: "but matters have moved on significantly and your views have eerie echoes of the apologist views I have seen on other boards over the years and I think folk would do better to question things much more deeply than is sometimes apparent" The questions I posed to this community a year ago: -if 250SWB boasts "decades of resource sector experience", then why did he register the 250SWB handle on multiple platforms (LSE, ADVFN) all within weeks and all but a few months old (at the time)? -Why does he not want you to see his history, what he was involved in prior? Why does he want to hide that from you? As 250SWB today suggests, QUESTION THINGS. We're investors after all! We read between the lines to get the full story; it's just part of what we do. ...and confirmation today from 250SWB that yes indeed he has been involved in "the boards" "over the years". Me? Look to me up on ADVFN. Coming up to 20 years posting now. I've seen things ...dear oh dear I've seen things you wouldn't believe. LSE? Same handle. Manics. Been active (not so much) here for 8 years (I think!) Triple i? Same. Don't know how old that account is though. I don't use that platform so much. Everything is there for everyone to see. I ain't once re-registered, and I never will.

The Window certainly makes 250SWB appear foolish. I mean think about it. September 2017, and he was suggesting SEP17 as the beginning of the window MONTHS before that. Laughable now that even the most clueless can see the work that lies ahead (which most sensible posters realised a year ago. Instead, what makes 250SWB the fool, is the fact that he tried it on ADVFN, failed, then reverted here, found an audience, and immediately did the exact same thing. "The definition of insanity is doing the same thing over and over and expecting different results." -Albert Einstein " �Vanity is my favorite sin.� -Al Pacino

Just two more days of this and we're out of the AIM 50 index (so defining a mid-cap) and SOU reverts to a small cap once again. So I hope James has the team poised to amend the investor presentation & website to read "Sound Energy is a small cap..." rather than the mid-cap status touted at the moment.

I found myself wondering: If we were a self-proclaimed mid-cap at 100p, are we really still a mid-cap now that we've hemorrhaged 62% of that? When do we go to small-cap? ANSWER: Firstly we have to define mid-cap. "Broadly speaking, large cap means the FTSE 100. Mid cap means the FTSE 250 and AIM 50. Small cap means anything smaller than these". http://www.whatinvestment.co.uk/londons-stock-market-2118408/ What then are the AIM 50 constituents, and how do they rank by market cap? https://uk.webfg.com/index/AIM_50 So as we can see, Sound is 4 places away from dropping out of the mid-cap index and returning to a small-cap. Or about 10%. Or about 4p away. ...and we're rewarding this with LTIP's, options, and salary galore.

Well, as speculated, the answer's been revealed. A very decent buy and likely further short covering imo. Lets hope for decent momentum from here.

trade just gone through. We're still blue, so I'll stab at a buy.179.75 strike. Could be delayed that blipped us up to 184. If price recovers that's confirmation. If we go red then it was a volume sell under the bid. All fun and games.

Most definitely. We'd see such updated in interims perhaps and not RNS'd 'on the fly' as was once the case. I'm sure there will be plenty going on behind the scenes. We have been directed to expect as much anyway.

Operational and strategical changes are ongoing and on a 15 month (14 now) management view. Yes TUNG's AIM, yes we've had volatility though this is a slow burn for a while now in my view. Probably a fair few months of bouncing around doing not a lot. That said, we're still expecting the new appointment RNS. Depending on who that is we may get a little more excitement than we currently have for a short while perhaps. Hoping to finish this year above a pound (bit blue sky), and watch the company mature and execute in the interim, that's about it.

Hi K3VMC, Please could you message me on Blueshare? I think you've mentioned a private message function there before. If not, you can find me on ADVFN. Sorry for the intrusion everyone 8)

"Several members of LSE know exactly who I am. Why would you want to imply that I am Edwin Truell"? At the AGM I saw both men in the same room at the same time. There is no way that K3VMC is Edmund Truell. Unless it was a very clever trick with mirrors!

Amen chilt. As a younger trader I loved AIM and OTCBB. Maturity delivered managed gains in the FTSE350. After some years it took all that was TUNG to tempt me back to AIM. I considered the calibre of TUNG management to be the moat that might keep me safe from the dregs of the investor community. How wrong I was! Wether I realise 'dem multibagger gains, take a whacking loss or break even I too will never, ever touch AIM again, come what may. GLA for all next week.

Personally I reckon Edi would have purchased more shares before now taking his last buy price down to a much lower level (per 12 month private pricing rules). Edi could have new most recent buys aged by a calendar quarter under his belt by now though he's elected not to. His last buys remain at 130p IIRC. Also if Odey had visibility of privatisation he wouldn't be buying CFD's (though I concede the fresh CFD's might be a short term trade from one of the desks within Odey) he'd be buying nothing at all or he'd be buying real shares to position imo. Odey let 1m shares go recently and bought 9m from FIL prior to that. Why did Odey buy those FIL shares? TUNG would be in the absolute pennies if those had gone to market. Why attempt to defend the SP? Was defence even the motivation? That 9m was a managed trade involving FIL, TUNG and Odey imo. We were told at the AGM that privatisation was just a rumour. Edi didn't have to be at the AGM and after the year the SP had suffered I wouldn't have blamed him for staying away since it could have been a pretty angry AGM -but it wasn't. The very fact that Edi was in the room shows a commitment to public markets imo. He stuck around too spending time with attendees. Then the new employee share options at 67p -that's recent history and a development since privatisation was first bandied around. Why bother? A ominous post was offered up on the ADVFN BB last week "if TUNG fails it'll be because the management want it to". For me that's pretty powerful because don't be fooled by the SP -there are very, very smart guys internally at Tungsten, in its sector and its investor base. ..so who knows?! ;)

8) Keyno was the guy who comedy claimed "The vision. The flair. The dive" Plenty of disruption, and paper losses, and realised losses for many. Awful BUT zero disruption for me! 5 years means the money's in for 5 years. 42 months until final judgement.

I'm sure intra day low was back in the summer -47p. Might be wrong.

A possibility you can't remove is that as long as a company has a share price, that price can always fall another 100%. TUNG is no different. FWIW I'm 16 months into a 5 year investment (which I've averaged down on since). In my view even after the delays TUNG should be proved up (or have failed) by FY20. The share price in this interim doesn't much mater to me, though as has been said many times, as an investor it's much easier to sit on a loss than it is a gain. So that's me as a PI (which is what you asked for). Traders will be more attuned to the immediate technicals imo because they're looking for a set up as a trade, not an investment. Any trader worth his salt would take the level of gains your charts are forecasting within a matter of a few weeks, though have no doubt, it won't bring them on board as investors. -and that's fine. We each engage to make money in the markets in our own ways 8)

In my view Beamer21 the horrible 1950's process that is accounts payable, is only part of the problem for suppliers. It's Tungsten's network that fixes that and puts suppliers and buyers in a position to recognise huge operational savings as a consequence. A bigger threat than process however is commercials and buyer mentality. As a supplier, what if I need to offer Tesco 90 days end of month following? You better believe that's what Tesco will want -they dictate. "Put up or get out". If I can't extend those commercials then I don't get ranged. TEP then is an on demand instant solution which scales and helps me as a supplier manage cash flows in this environment. Buyer mentality. "Yeah we got your copy invoice (which you sent 60 days after you posted the original). It's going through the system. Will probably take around 45 days. Few signatories out of the business. Sorry." These guys are a key account. What do I do? Can 'em? TEP then comes into play again, and complementary to the network efficiencies. TUNG is the overall business process solution which as a sector, absolutely will have its day in the sun imo. Network in part. TEP in others. Take up for TEP has been HUGE -bigger than TUNG had anticipated- WITHIN THE ACCOUNT BASE WHICH CAN USE IT! -which isn't (as) many (as it should be)!!! Why? Because TUNG have encountered operational issues to sign up finance-able customers. This has to prove up fixed. Don't confuse these operational gating factors as a lack of market for TEP imo. 89 accounts doing £62m or 75% of applicable invoices. Too small a sample segment? -maybe, but very encouraging. What might we then achieve with 180k accounts..? A bank is a third party. I can show them my invoices. Show them my supplier contracts. How do they know what I'm showing them is genuine? How long does it take them to complete due diligence? Do I want my client involved in this process? How does this impact the cost of my loan? How long until I get the money? Tungsten? Click, click money credited -thank you please.

EIOB- any time a questions was asked re. bank sale, JV etc the answer was always the same: "updates to come in December". The December update is going to be massive (in terms of its content) and is the one we are waiting for now. It's the big one imo. Spikey: The impression I got personally was the the company are totally done worrying about the share price. They used to give it higher gravitas. That's when we saw Edi kicking out RNS's and buying shares any which way he could, but those days are behind us. The focus is 100% on execution and demonstrating value through results back to the market. That is the only strategy now to influence the SP. There is clear awareness that much work remains to be done, and this/these tasks are being taking extremely seriously. There are big projects to execute. There is no longer complacency at TUNG imo. Now, I get the impression (or hunch) that we might not like some of the stories yet to emerge (for example, how we HAD to have a bank, now we don't need a bank) I dunno, I just get the feeling maybe there's a little more of that sort of thing yet to come. This might only be that there is still obscurity around some elements (bank sale / JV / TEP). I am convinced the December update will address many of the questions which for now remain largely unanswerable and put longs in a firmer place. December is the time to deliver imo.

Yes I registered on Blueshare (same handle) a while back though don't check in too much right now.

A fine head of hair my good man and not a hint of the thinning I've experienced as a TUNG long over this last 12 months. I didn't hang around to absolute chucking out time. Maybe next year :)

What a b'stardo it was to find. One of those locations the sat-nav hated. ATTENDEES Approx 40 delegates Edi was sat toward the rear with a buddy I didn't recognise Also clocked Lincoln at the front Q&A NOTES (taken after Rick's reading of statement) -The BOD considered the rate of growth in TEP to be "tepid" comparable to the opportunity. They believe much more is possible and will show hence the points made in today's AGM statement. They are targeting much higher growth. -75% of the finance-able base of invoices are being financed -Cash is focus (no £ update today) and costs are being reduced as part of this focus -NIM, patterns are still small to gauge. Need increased penetration to prove up ultimate/base NIM. Today's picture is an anomaly -Tungsten data is very valuable, and monetisation may take other/many forms away from just TA alone, driven by buyer AND seller applications (hmmm new stuff!) AND data could be leased out to OTHER supply chain finance co's. Anyway, more data to follow on these new potential revenue streams in DEC. -Someone (another PI) asked about the SP!!! -10 points that man. BOD are convinced there is significant future value. The focus is getting the business to where they know it can go. SP will organically follow. BOD is focused on "showing value back to the market". -Cash. Existing cash is sufficient to scale the business. The ability & resource to scale is there. -Going private. (for clarity Edi was in the room for this). "It's a rumour and it is just a rumour". "We usually don't comment on this nature of market rumour". Edi still absolutely committed to the board. -Arnold wrapped with saying he was off to focus on Dutch co's and natural time for him to leave as company matured to execution. He says good company. Good future and he retains his holding. Interested in your angles K3VMC (if any)