focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Big week coming up. I'm really hoping all the ducks are finally lined up and we start to see the shareprice rerate to a more favourable level and then keep a sustained rise going as everything starts to fall in place over the next 12 months.
I wonder if the large buy is connected to the fact that Sound Energy is featured on the home page of the British Bulls website as a recommended buy. We may see more of an uplift today both in terms of volume and price.
Thanks to all for posting meeting feedback.
Knowing how cautious BM has been over purchasing shares since he started with Sound, I don't think he would have accepted his remuneration as a shares package if things were not going as planned. he must have some confidence in the future of Company .
But if the deal falls through, we will need the equivalent of Brian to take the exploration and drill programme forward. His departure kind of indicates that those kind of services are no longer important or required as they will be outsourced / farmed out.
Surely if we get to Friday without a deal being signed then that leaves us open to counter bids now that other bidding Companies know what type of deal Sound management are aiming for. With this in mind, I do expect the deal to be finalised in the next couple of days. But who knows....
I expect we may well see a positive RNS very soon because the Company have remained very quiet today during this rise. You would normally expect them to release a statement stating whether or not they are aware of any reason behind it. Since none has been forthcoming I am assuming that signing off on the deal is imminent. Not sure but there may have been a board meeting today .....
Definitely agree that today's RNS was full of positives. Whilst our precise destination is unknown we are moving in the right direction.
I can't help but feel that following today's RNS that perhaps the deal may not be concluded, which may in fact be a good thing. If the deal falls through and we actually move to a production status by our own steam then this would be much more financially beneficial for current shareholders. But that does raise the question of where the funding for the next stage will come from. I'd hope the BOD have this covered in such an eventuality. Who knows, I haven't had a clue where we've been heading since May, I'm just hanging in there hoping and praying this will come good one way or another.
Following today’s FSC I feel there is a lot to be positive about in the long term, whatever period of time that may relate to. I’m more than happy to wait as long as I see a return eventually. It’s better than taking a hit and losing the lot now.
Looking forward to another drilling campaign.
Can someone shed some light on what's happening with the Sidi part of the portfolio. So we are selling half the Eastern portfolio so we really need some answers regarding what's the plan is for the rest of the Company to try and salvage some value.
Longwait, surely everyone has a reason for their actions. Why do people go out of their way to lay in to failing Companies. Surely it is to debase sentiment to such an extent that they can buy in at ridiculously low price and await the recovery. Every action has a cause. I’m sure that people don’t just sit around on these bb’s ****ging off directors if they weren’t trying to make some kind of financial gain from it. After all, that’s why we are all here....to make money.
It seems as though more and more posters are very keen on trying to persuade the board that the Company or Tendrara is virtually worthless and that 10p per share would be an acceptable offer. I can’t help but feel that we re being manipulated into believing that Sound has no value. The GRH/250 episode just shows how duplicitous some posters can be. The POTENTIAL here is still huge. 20tcf is a mind boggling amount of gas for Moroccoand the basin model is still valid . I personally wouldn’t be happy with anything under 75p. We’ve been through too much heartache to walk away without a decent profit after all these years. I’m sure those spouting sub 20pps have different agendas. We should be talking the sale price up rather than allowing it to be manipulated down.