Firering Strategic Minerals: From explorer to producer. Watch the video here.
I can see that my filtered friend has responded. As I cannot see the reply I'll take s shot in the dark and state that the lady doth protest too much, methinks.
Medar I'm assuming your post is aimed at PS and I don't know what she stated because I have filtered her. Please don't believe this person is good at finance. This is a person that would have you believe that they are clued up by bombarding this board with paragraphs of information mainly copied and pasted from the company RNS feeds. The reality is that she has recently sold up the majority of her holding whilst the shareprice was low only to see it then rally a short while later so this proves she did not have any inside information and was incapable of analysing all the data she has posted whilst missing the fact that the bondholders deal was going to be approved and therefore she took a massive hit financially as a result. Not content with making this costly and foolish mistake she then had a kneejerk reaction and went on to invest what little that was left in a company called PVR at over 7p only to find that weeks later it is now only valued at half that amount.
Those investors that sold up before the recent rise and were predicting the end of Sound haunt this board like vultures wishing for the company to fold so they can say I told you so and to also make themselves feel justified in selling up when they did but most posters realise that their bitterness and sniping at anything positive is purely driven by the costly mistakes they themselves have recently made.
In my opinion Sound will survive and get to first gas and the shareprice will rise from current levels. It may not rise enough for some of the long term investors to break even but certainly should be capable of increasing from current levels for sure. Each positive step is viewed with ever increasing scorn and bitterness by some as the magnitude of their mistakes are multiplied with each hurdle the company overcomes.
Woundlick I also forgot to mention that I totally agree with the majority of long term holders view of Parsons and I have no doubt the reason that Sound is in its present predicament is purely down to the legacy the former CEO has left us with. I can also understand why some long termers are sceptical of the board but holding on to historic disappointments should not be carried over to the new CEO who is currently trying his best and is certainly more trustworthy than JP. Regarding PS and her analysis then I have already pointed out that just because someone bombards us with pages and pages of cut and pasted snippets from previous RNS doesn't mean they can produce an accurate assessment of the worth of the company or the shareprice. As I have pointed out previously, I doubt that Graham himself could even be that accurate based on not knowing at this moment the outcomes of the tax situation and future potential worth of any farm in agreement or the worth of the pipeline which would depend on future funding and potential agreements signed. We can all speculate but at present with Graham at the helm he has demonstrated that he can make a difference especially compared to the previous regime which surely points to the fact that he deserves some support and encouragement rather than unfounded criticism.
Hi woundlick, many thanks for living up to the stereotypical long term holder view regarding the previous board.
That's all I can say is there is a new CEO in town and he is trying his best to make the best of a bad situation he has inherited.
You must admit that to date Graham has not deceived you in any way and shows a genuine passion for sailing us out of these choppy waters and has so far made a good fist if it.
I remain confident that he is the man for the job and although it is not possible for long term holders to recoup all of the losses they have endured,it is possible for some recovery that might turn a profit for some and limit a total obliteration for others.
And right on cue the positivity police arrive....
Shareprice in the blue again with another small rise. At least it will give the positivity police something to moan about.
Ericnat well done. I wouldn't expect a reply on the tax issue as Brad has already stated it will be sorted out behind closed doors the last time he was asked.
He may shine some light on the FID though.
No doubt my filtered friend is feverishly typing paragraphs trying to rid this board of any hint of positivity but I don't care as she is filtered but the strange thing is that I filter 1 person and 90% of the negativity on this board has disappeared so happy days. SOU is up again today as I type so that will no doubt give the doomsters something else to moan about.
llos01 it's good to have alternative views however you must realise that some long term holders have been blinded by their bitterness towards the former CEO who promised them much and ended up almost wiping out the company. Many have lost patience and recently sold out as a result and have lost huge sums of money only to now regret the decision and now hang around haunting this board hoping that Sound does not flourish as to somehow justify their foolishness. Meanwhile even though there are still hurdles to overcome, the new CEO has rescued the phoenix from the ashes and has a clear plan to get the company back on track which will take some time but at least he is offering hope where there was none.
Any new investor should look at Sound with a fresh pair of eyes and not be blighted by the previous failings of a board who have clearly cost investors eye watering amounts of money.
PD, nobody can provide calculations with any accuracy not even Graham. Anyone who claims they can is just bull****ting so I'm not going to do that. There are just too many variables that could fluctuate massively depending on the outcomes which we can not begin to predict. Trying to work out the current value of the asset or shareprice is not only impossible but pointless. We do not know the value to us that 0the pipeline could bring as that would be dependant on the future funding and the deal that is struck or the full value of the asset should we manage to get some kind partial farm in. Again the resolution of the tax issue could also have a huge effect on the company worth and it is unclear how this will resolve itself at present. What I do know is that Graham is doing a good job at in overcoming the many obstacles he has inherited and seems to be making good progress given the difficulties and covid. My view is a little more realistic if not simplistic but I'm ultimately confident in the ability of Graham and the board to strike the right deals in the future and improve the current shareprice.
That's why I have not bailed out as I had the chance recently when the shareprice was well north of my break even point of 3p. This decision may or may not be the right one as everything is s gamble to a certain extent but at least I am still in the game and have not foolishly lost patience and sold out.
PD, noble but highly predictable sticking up for your fellow doomsayer. If you call cutting and pasting numerous previous pages and pages of RNS as being clear and concise then it's only clear and concise because it's what the company has already released which we are already aware of.
You mention unicorns and candyfloss but it's my belief that Graham has yet to put a foot wrong since coming onto the board and if that's upsets you and the other doubters then so be it. I will carry on believing until Graham either deceives us or starts making poor decisions but I don't envisage seeing either any time soon and Ps (if you pardon the pun) it might further upset you and your fellow doomsters who have foolishly bailed out already that the share price was actually up a bit today.
Meant dosen't and not consent
Ilyas01, Ps has been predicting sounds demise for some time now hoping that one time she calls it right. I would take her predictions with a pinch of salt as she attacks any poster that even hints at positively. Also I would not be persuaded by her predictions of no hope as she has sold out most of her holdings at a low point and jumped straight into PVR which is now worth half the amount so just because someone regurgitates paragraphs by cutting and pasting from numerous previous RNS headlines consent mean they know any more than the rest of us.
I can see from my 1 filtered post that the serial spreader of doom and gloom is at it again. Let me guess I bet its about 10 paragraphs of trying to micro analyse anything positive and turn it into a negative but I wouldn't take too much notice of any of her predictions as she is always way off just recently bailing out before the rise and then buying into PVR which have halved since. The journey to first gas will materialise and the shareprice will rise way beyond current levels despite the best efforts of the doomsayers to puesuade us otherwise.
Utility yes of course. But everyone was fully aware about the initial tax demand (which was huge) and this has not put off the bondholders or stifled agreement for the LNG project which is a good thing. I'm sure no company would commit to building a multi million pound plant if there was a hint that Sound were in any way going under. These deals are subject to due diligence and the fact that some company is still prepared to go ahead speaks volumes. I look forward to Graham giving future updates of our journey and I am confident he will deliver.
Utility this could be a blow no doubt but then again it may get sorted as none of us really know. We must remember that the bondholders certainly didn't think that the end of sound is coming neither would any partners be thinking that way considering building us a multi pound LNG plant if we we not going to be around to operate it. I'm sure given the desperate need for gas in Morocco and the desire to attract producers to invest especially at the initial tentative stages then the last thing the authorities would be doing is trying to put obstacles in the way that would send out warning signs to future investment.
None of us know for sure the outcomes but it would be more logical to suggest we will get to first gas than not. I notice by my one filtered poster that the board serial doom and gloom spreader is still there so everyone feel free to sell up and buy shares in PVR and lose the remainder of your money and then haunt this board with bitterness and regret.
Don't be too hasty Tincan. Others have made the mistake of bailing out when some recovery is just around the corner. Their foolishness then manifests itself by haunting this board with their misery and negativity so don't fall into this trap and show some patience for a little longer as I'm sure you will see a turnaround.
This tax fiasco will get sorted. This again is not the fault of our current CEO. It will not derail his plans in getting us to first gas.
The situation in Peru regarding covid is worse than first feared. Its no surprise that the cores are in a backlog and could be there for some time.
https://www.bbc.co.uk/news/world-latin-america-57307861.amp
Why are we all expecting things to change short term? We all get excited when results are due yet the results are always relatively good yet the SP does not improve. Surely short term whilst drilling in this area, we are only going to see the same so we may have a backlog of cores and they may be good but the market is unlikely to recognise anything different from where we are now? Surely this pattern will not change until we hit significantly better grades which may not occur in this present area of drilling ?