Member Info for ps200306

Spuddy: "Man made climate change is unmitigated nonsense. Water vapor is the main ingredient of heat entrapment."

Water vapor has an average residence time in the atmosphere of a week. Excursions from equilibrium concentrations can only persist if amplified by some other factor through feedback mechanisms. So while your second sentence is true, the first doesn't follow from it.

The lastest IPCC report on climate change (first since 2013) will be released in chunks starting tomorrow. Nice backdrop of California and Greece on fire which has the media in a frenzy (never mind that California and the eastern Med have been burning since time immemorial). Between all that and COP26, Linn has picked a great time to be raising oil finance before going cap in hand to a Green climate minister for a permit.

STD123: "LNG is only normally used where it is difficult to get a mains gas supply... It may surprise some that in the UK there are still some towns in Scotland supplied by LNG that are not on the National Grid network."

LOL. Lay off Wikipedia. Gas in the "mains" doesn't mean it didn't come from LNG. A fifth of the gas in the UK National Grid is from LNG.

Malcy: "Sound has received a 'deal' from the Moroccan tax authorities which looks eminently turn downable."

blink: "I would just like to thank PS200306 for the time he spends on this board looking out for us all.He must have a lot of spare time spare posting about a share he has no belief in."

a) You're welcome. b) I haven't said I have no belief in it. I don't believe anyone with a high average has a chance of ever seeing their money again. Those who got in low have a chance. What I hate to see is people getting sucked in by rampers on here, buying into spikes only to be left scratching their heads when it fizzles. Indeed, one of the chief rampers on here, ironically, is in that exact position himself. I merely encourage people to look at the levelheaded valuation that is available to you online, commissioned by SOU themselves, and all there in black and white. Then when chancers come on here and say it's going to the moon, you can ask them where they got their ****'n'bull stories. Until SOU have Phase 2 in the bag this is going nowhere except for temporary blips.

pimp: "Where is that helmet PS12344567890...haha...we’re going to the foooooking moon!!!!"

LOL. I think your space suit has sprung a leak. Check yer oxygen levels ;-)

STD123, by bailing out five months ago I missed out on a quarter of a penny which would have only left me down "only" 90%. Woohoo! Yet YOU'RE the donkey who had a chance to get out at par, but waited for the share price to halve. Profits just around the corner? Is that as reliable as the doubling in three months that you predicted three months ago? LOL.

STD123, the only thing you're contributing to the debate is shameless ramping. Along with your fellow travellers who announce "multibaggers coming" without offering the slightest bit of evidence or justification.

Regarding the Moroccan government investing in the pipeline, why would any government give away exploration permits for next to nothing and then end up funding the infrastructure themselves. The whole point is that the don't have to take those financial risks.

And as for your advice that "it would be idiotic to sell now if there was a chance this could get back to double figures" ... more complete nonsense. What would be idiotic is to leave your money where it is making nothing instead of seeking better opportunities. Your advice is based on pure FOMO. If one takes the view (as I do) that SOU is going nowhere for the next couple of years, even if it eventually comes good, parking your cash there is the *most* idiotic thing.

Agreed, Gassy. It's all about Phase 2. Indeed, Graham's roadmap is the only show in town. It's just he hasn't been very good at sticking to schedule so far. With Phase 1 FID only projected for end of this year, I find it incredibly hard to imagine Phase 2 FID before 2023, especially with the hints that Graham has dropped and the record of progress so far. I think genuine value, should it eventually arrive, is several years away.

WoundLick: "ps2 - Do you think there is ANY chance the situation can be salvaged from this point? That $180m cost for the pipeline might just prove to be insurmountable."

Most definitely there is a chance. Graham says they are "progressing Phase 2 in parallel with Phase 1". I'd have thought that means they are out scouting for financing. However, Graham made two comments in the last couple of months that were concerning. I will paraphrase because I can't be bothered going back to dig out the precise quotes. In one interview he said that "the traditional institutions are not very interested in fossil fuel investments". In a second he said that: "SOU is progressing the ItalFluid and Afriquia Gaz contracts and is not looking for a farm-in partner". He also intimated that the performance of the wells on the LNG project would make it easier to progress Phase 2... but that hints at no progress until AFTER the LNG is flowing.

So on the one hand they're not able to get funds from a bank, and on the other they don't want funds from a partner who would presumably take a large chunk of equity. What are the other options? A corporate bond? Would a midget like SOU be able to get one away?

Personally I suspect they'd take any option: bank loan, bond, farm-in partner, whatever turns out to be possible. I just don't think any of them are going to come easy -- whoever is dangling the $180m will call the shots. And from Graham's statements I suspect the whole thing is very much still on the starting blocks, with no definite leads.

Could Graham turn it all around, get financing, and eventually go drilling again in Tendara? Absolutely he could. But even SOU's hired valuers think that fresh drilling is so far in the future as to be not worth thinking about for now. So it's all about Phase 2. Will it happen? I honestly haven't the first clue. I'll hazard a guess that the financing won't be easy and it won't come soon, i.e. definitely not in 2021, maybe in 2022/3? But just based on reading between the lines of Graham's comments it's hard to imagine a Phase 2 FID before 2023. Pipeline by 2024? More drilling by 2025? Who knows.

Then there's the question of what SOU will be worth at the end of it all. SP Angel had 6.5p, upped to 9p after regaining the SLB share. There's reason to suspect that's a conservative valuation. But it *is* premised on SOU retaining 75% equity which means financing the pipeline from debt, not equity.

In short: all doable, but not easily.

STD123: "The fact some weeks later the outlook dramatically improved and you didn't see it coming makes a mockery of your ability to predict anything going on behind the scenes."

Yes, the outlook "dramatically improved" from imminent insolvency to being worth just a bit LESS THAN ZERO. I've never pretended to be able to predict anything. I just remind idiots like you of the company's own statements. Let's also recall that after the spike of that "dramatically improved" situation, YOU predicted the share price would double again in three months. Instead it halved. Great call, you shameless ramping troll.

STD123, you are a delusional troll. Take a look at the map of the pipeline route: https://www.soundenergyplc.com/media/1581/morocco-map.jpg
It passes through the Tendara area and a sliver of Anoual. What other producers in the area are you rambling about? The pipeline is of value only to SOU. They will need to raise $180m to build it. LNG revenue will go 100% on paying down debt for the next decade and more. It has no bearing on a "lower rate" on borrowed pipeline funds. Lower than what? Are you implying there's a current rate? If things are looking better than a year ago, how come your investment from then is down 60%? Could it be because SOU themselves have acknowledged that without the pipeline they are worth ZERO. And even to get to ZERO they had to give away 10% of the company to AG and another 10% to the bondholders. Whatever you're smokin' you should probably consider quitting and spending the money saved on a basic arithmetic course.

STD123, what "extra value"? My overall portfolio is the same to within 1% of where I sold out in March. My lack of faith has cost me nothing. It's only in your delusional ramblings that you need to impute fictitious losses to my decision. I am delighted to be (mostly) out of SOU. If I wasn't delighted I'd buy back in. Your comical portrayal of me as some sort of tortured soul in the underworld ignores the fact that there is no Cerberus guarding the gate. I'm free to change my mind anytime.

Instead of constantly obsessing about me, how about reflecting on your own hilarious valuation. You said three months ago that the share price would double in three months. Instead it halved. And you expect anyone to take you seriously when you have spent a year refusing to provide any basis for your flopped predictions, while also refusing to even acknowledge the company's own valuation. Some might suspect you've had a few lashes of the idiot stick.

STD123: "Hydrogen don't forget the few numpties that have already sold up prematurely and have incurred eye watering losses. It's funny how they always go quiet when we are on the rise but come out in force when we start dropping."

Actually, I'm out in force everytime I see you posting more nonsense. It's got nothing to do with those fraction-of-a-penny rises and falls -- you know, the ones you crow about on every tiny uptick. Also, the fact that you're replying to someone who thought the AG 10% was a massive on-market purchase shows that you are a clueless fellow traveller along with all the others who do no basic research.

STD123: "the transformational LNG deal will be more than enough to move this forward once the profit takers are finished selling."

LOL. You really are a clueless ramping troll. The LNG deal has "transformed" SOU from a busted flush to being worth only slightly LESS THAN ZERO. The SP is down over 20% from the spike on news, just like every other news-related spike for the last two years, including the one you bought in on in June last year. Even some long term holders on here have admitted they no longer have any interest except to trade the sheeeeit out of this on such spikes.

STD123: "PS you have been rumbled. No need for me to reply with paragraphs when one word will suffice."

Translation: "Stop making sense. I can't bear to even think about the company's own statement of its position. I'll just close my eyes, click my heels together and the share price will quadruple in three months, despite Graham saying that it's worth LESS THAN ZERO".

I doubt anyone else will be too much taken with your attempts at analysis. Could you ask your "friend" to stop relaying my messages as your cringeworthy responses are painful to read.

Filtered both TheShen and Manyana. Enough of this juvenile timewasting.

STD123: "But you have fabricated lies ps. Trying to claim you sold out at todays levels but on the day you announced it the SP was clearly 1.25."

If you call yourself a share trader but don't understand that the intraday price is variable, I can't help you. Maybe go on a beginner's course?

STD123: "I'm sure you are aware that the current price is far higher"

0.2p is not what I call "far higher". It has also been lower.

STD123: "if you had kept the faith then the losses would have been greatly reduced"

On the other hand if YOU hadn't kept the faith, your losses would be greatly reduced. I wasn't the one crowing about the share price doubling in 3 months, instead of which it has halved. That was YOU. One senses a strong element of projection here.

STD123: "The bitterness you now feel is poisoning this board"

I have voiced no bitterness whatsoever. That is another one of your projections. If you feel that factual reporting of the company's stated position is "poisoning the board" then I suggest that you are a shameless ramper.

STD123: "as you cannot resist any opportunity to paint a negative future"

I have not painted a negative future. Where did you get that idea? I have merely pointed out (from SOU's own statements) what it needs to do to have a positive future.

STD123: "It's important that new investors realise that your views are mired in self pity"

If new investors want to know what my views are mired in I am happy to point them at the RNSs on which they are based. Which RNS's are YOUR views based on? The fact of the matter is you're too busy plugging your ears to hear what the company itself is saying.

STD123L "I personally cannot wait till we are at first gas and producing the LNG"

So why not tell us what the company will be worth by then, along with supporting evidence for your valuation? All we've ever heard from you are comical little shrieks of delight on up days and nothing on down days.

Yep, I have said that the AG deal is a step in the right direction. It brings SOU's value from very negative to only slightly less than zero (as stated in SOU's own valuation). Those are not MY facts, they are THE facts. Unlike STD123, I have no need to fabricate lies and distractions.

(truncated) ...

I suggest they start with the RNS's (which YOU won't read).

Serious question -- what's your major problem with me posting factual information from an RNS?

(or will you pretend your "friend" didn't relay the question to you? LMAO)

STD123: "PS I've just been shown your reply to sundance by a friend "

LMFAO. Yes, you have me filtered so of course, it had to be a "friend". Well, you are a master of self-delusion so I can well believe you do have such imaginary friends.

STD123: "on the day you informed us you sold out it was at 1.25"

And even assuming you're right (which I can't be ar$ed checking) what bearing does the daily closing price have on anything? I can assure you they were also at 1.4 on the same day.

STD123: "and they are now worth worth 1.62"

And once again, so what? Ten days ago they were 1.25p. On April 8th (remember, when you didn't sell because they were "going to double in three months", LOL) they were 3.1p. Right now they are on a slide from yet another temporary blip while traders extract another pound of flesh from those to lazy/foolish to do any research.

STD123: "The other claim that you bought PVR on a dip similar to today's price is again lies"

Actually, you're right on that one. I didn't want to confuse your brain with having to deal with the concept of a foreign currency. I bought PZQA.IR, which is PVR traded on Euronext. Bought at 5.4c, currently trading at 4.96c. Now, if I were you, I'd point out that they were up 23% yesterday and tell you to "pull the negatives out of that one" (LOL). However, I'm NOT you, which means I don't crow like a two-year-old over a successful pooh when the share price nods in the right direction.

STD123: "It must be like a dagger to the heart seeing the current SP higher than when you sold"

Nope. For a start, today's price would have made me something like £8k more than I got. Since you noted how much I was down overall, even YOU must have the cop on to realise by comparison it's more like a scissors to a fingernail than a dagger to the heart. You're the only one blubbering about my losses. Which is kind of ironic ... since YOU'RE the one who's down 60% on your original SOU investment, 50% on your averaged-down amount. What's more, you could have exited at breakeven in April instead of hanging on like a **** because the share price was "going to double in three months" (instead of which it halved even after "good" news).

STD123: "Every bit of good news must be a constant reminder of your stupidity and would explain why you cannot stomach any positivity"

You utter dope! If this is the "good" news, who needs the bad sort? Also, why are you banging on as if I'd missed out on the huge rise you claim is coming? Nothing stopping me from leaping back aboard at the drop of a hat. Meanwhile YOU'RE the one with your funds tied up and watching every agonising tenth of a penny movement. I'm happy to read SOU's own statement of their value (i.e. LESS THAN ZERO) and sit on the sidelines, watching you making a prat of yourself.

STD123: "its now time to stop the one sided negativity and allow investors to judge the company on today's merits"

Absolutely. I suggest they start with the RNS's (which YO