Member Info for oneeyedchris

The government have only just decided to take action on thousands of people daily flying into the UK without testing or quarantine. Gross incompetence and negligence.

Been invested in this for years, having invested a significant sum. Tired of the consolidations, which just give them more downside for cash calls. It's always jam for us tomorrow but jam (and cream) for them today.

Can one of you experts please explain the royalty payments?

Isn't the PME because they are having trouble matching buyers with sellers? If it's because they can't get sellers at a given price, that is positive and if they can't get buyers that is a negative.

Or have I got it wrong?

Is it because there is a shortage of buyers, or a shortage of sellers?

Potential buyers will not only look at the sp, but also how many can be purchased at that level. If 50%+ can be bought then a low offer may be possible. But if only 5 or 10% are then the current sp is irrelevent.

TBH it doesn't look good. First suspended, then delisted, now deregistered from CREST. The delisting was mandatory following the suspension, is that the same for the deregistering? No announcement or any communication (I am aware of) from the company. If it was anything other than bad news why not an explanation?

I take from this is that even a whiff of a possible sale results in a boost. For those saying SOU is only worth 8p (or the sp on any given day), think about what could happen if/when there is serious interest.

Seaton, tried recommending but LSE won't let me. Interesting, as 'reply' worked straight away.

If a decent price isn't achievable because of the low share price, the BOD will probably determine that further drilling is a better option.

Fair enough Longwait. I think I have just cross posted.

Sorry, it was aimed at Longwait. I largely agree, but I'm sure they would be interested in the current share price and the reason for it. Due diligence would require them to evaluate market sentiment including analysts and investors.

Also, let's not pretend that the sentiment on this (and possibly other) BB didn't play a significant part in the ramping. Most of the attendees of the numerous 'events' were posters. Most investors (including me mostly) don't comment on BBs but many follow them.

Consider the reasons for the FSC. Why hold one? The BOD are under no obligation to do so and there is no point if tough questions are not permitted.

All in favour of civilised discussion and disagreement : )

I didn't claim anyone would be "poring" over this BB.

There are numerous forums and there is a FSC tomorrow which you have been warned has been noted and will be paid attention to by the potential buyer(s).

Posters on BBs and questions / comments to the FSC will certainly not be the major factor in a buyer(s) decision on whether to make a bid. But if you think negative sentiment doesn't drive down a share price and a low share price won't influence the bid (even if only slightly) you need to reconsider.

You would also be well advised to adopt a less sneering tone in your posts. You merely betray an ignorance that would be best kept under wraps.

Are there potential buyers looking at the company?
If so, will they have people looking at forums to gauge investor sentiment?
If so, will views expressed in those forums suggest positive or negative sentiment?
If negative, will that encourage a higher, or lower, bid?

Seriously, we are in a marketing / sales process. If you were thinking of buying anything and the sellers were doing nothing but criticise the product, what impact would that have on you?

Is expressing disappointment so venomously going to do anything positive other than get it off your chest?

The level of faith in Mr Parsons reflects confidence in the current status of the company, its inherent worth and the expectations of a positive sale price. The current SP shows the lack of confidence that there will be a positive sale price (i.e. purchase price + profit).
The lower the SP, the harder it is to sell at a positive price.
What can Mr Parsons do to demonstrate the value of the asset(s) and the likelihood of a positive deal? Anything credible that lifts the share price will help.

the SP is rising. It reads to me as though the company is on the verge of insolvency and are thus over a barrel. I dread to think what the terms of the deal might be.

The point is not his competence it is his optimism. When even Malcy is subdued it says something.

As for taking offence, you really need more education how to make your point without snide or dismissive comments. Crudehope's views may not be more valid than yours, but his manners are certainly better.

can usually be relied on to big Sound up. Sadly his latest comments aren't very positive.

What has your donkey got to do with anything?

The crux of the matter. What is the current assessment of the asset(s). If there is a realistic prospect of substantial amounts of extractable gas then there is likely to be multiple potential buyers, in which case it is more like an auction. Buyers aren't interested in the views of bulletin board warriors, but in the science and economics. The current share price may affect the level of opening bid, but the winning bid will depend on how much they want the asset compared with other bidders.
You can put a valuable item on ebay with an opening price of 10p and end up with many, many multiples of that. It all depends on whether there are multiple bidders and how much the highest bidder considers it is worth to them.