Member Info for Sharetrader123

JoeCreed we do not know the full facts yet and this may very well be overturned or the amount appealed. It’s hard to imagine that a country so starved of energy and has welcomed exploration companies with open arms would make life difficult under these circumstances. Until the present board make comment then all talk is speculation only so let’s wait for some news a little bit more concrete.

SoundasaPound1 my thoughts exactly.

THe surge didn’t last long.

https://www.asktraders.com/analysis/sound-energy-share-price-surged-19-6-today-heres-why/

SoundasaPound1 as soon as the SP rises on positive news regarding the journey to first gas it’s amazing how some of these doomsayers will change their tune. You never know but at first gas and a healthier share price we might even lose the constant droning about Parsons as shareholders have a different and more positive outlook.

Pduk you asked specifically how do we pay the bond. If you looked at the most recent video from Graham then this question was asked and he stated that it was possible to pay the bond from the money generated from the take or pay contract which is good for I think at least ten years.
In addition to this I would also think that once phase 2 and the pipeline is completed then again this will be another money generator especially as it will be the only route in the area to get our and other producers gas to the Algerian pipeline and on to the eurogrid which will open up new markets and generate even more income. The paying off of the bond will not happen overnight and might take a few years but it is certainly doable given the future earning potential. If you do not think this is possible then perhaps you could write to Graham in readiness for his next Q&A and Pose your reasons directly to him. He doesn’t come as a man to make wild predictions and I have faith in his assessment of the situation.

Pduk if I knew all the answers then I’d be running Sound myself. What I do know is that Graham will try and address these issues to the best of his ability and this will hopefully return shareholder value. In Graham we trust!

Ps we don’t need to justify as posters were asked their opinion. No need for forensic analysis but I’m basing my opinion on cash flowing and a producing asset and a broker recommendation of 10p. It’s a best guesstimate admittedly but most of my associates feel the same.

Ps think what you like. You are more interested in playing the superior being than actually answering posts. That’s all I’m saying is there are huge swings based on little or no trading of any significance. So I’ll ask my question again to those who might be kind enough to offer an opinion.

Most days the SP seems to swing 10 percent and sometimes over 20. Considering the share values traded seem small then can anyone explain the huge swings?

Ps no need to make a drama. It’s a simple question and you have pointed out that there is a broker valuation of 8 p so if if you agree with the broker estimate then just say so.

Utilityone1 it is quite clear that you misread my post. Despite your name calling I would still be interested in your thoughts regarding my original post of what would you think the SP could achieve at first gas?

Utilityone1 you are way off with your comments. How on earth can this be considered ramping when we are on about the possible outcomes in a years time. Your reference to being as bad as Parsons is again ridiculous as I actually pointed out that Parsons would have been quoting £5 by Christmas whereby Graham does not make these inflated claims. You’ve should really read posts before spewing negativity for the sake of it.

SoundasaPound1, I don’t think that these estimates are far wrong. No doubt if Parsons was still at the helm he would be predicting shares worth a fiver by Christmas. This is what I like about Graham in that he is not making any wild or fanciful predictions and just states that they have a plan in place that they think will return shareholder value.

Daveyboy everyone I’ve spoken to agrees that double figures are well achievable at first gas. Obviously this would make phase 2 a whole lot easier once we start generating income and the addition of the pipeline would add some real value. I appreciate that this will all take time and I can appreciate the scepticism on here due to the false hype, predictions and performance of the previous board. Although it seems a long way off at present, this is the journey that I invested in and I still believe in the present board delivering perhaps sometime next year for phase 1. I look forward to a time on this forum when the speculation is not dwelling on the failures of the past but the potential shareholder value for the future.

In a bid to try and raise the mood on here would anyone like to take a stab at guessing the SP when we get to the point of getting first gas out of the ground and start generating income?
I know there a still a few hurdles to negotiate but just humour me on this one! Also remember how much the SP rose on just a threat of some positive news recently. Over to you...

Ericnat,disappointing yes but unlikely to change in the next few weeks. The last quarter should see a few announcements which will hopefully strengthen the SP and move us more towards double figures by next year.

Keep that’s a large swing though.

Level up exactly. Although there are still restrictions of movement in Morocco, I’m sure the board are still paving the way forward. I personally can’t see much news coming our way for the next few weeks but every time there is nothing happening then some in here seem to vent their frustrations by always thinking negatively Graham has stated that a few deals will be done by the end of this year so sit tight people and give him a chance.

Ericnat yes we are well under the radar for now. We are in a period whereby not much news is due in the coming weeks so we all need to show a little patience for the foreseeable which will no doubt frustrate a few posters on here. Graham promised some deals this year but I didn’t get the impression they were imminent. Just because there will be a news drought doesn’t mean the present board are not working hard behind the scenes.