Member Info for Sharetrader123

Tincan. The pipeline has great potential. Sound seem to have got all the permissions and environment permits signed off and have the green light but even the present board admit this will be phase 2 of their plans. Saying that any producer in the area would almost certainly have to use this route to get their gas to the European markets so it could be a real money spinner to have such an asset and earning potential for the future. I think the pipeline is 120 km long linking to the Algerian line into the euro grid so it’s quite a major project.
Such a pipeline would be a must for not only sound but other producers in the area and is a huge undertaking so will require some serious funding or partnership deal with a large producer. Because sound seem to have all the permissions already in place then this would be a very attractive proposition for investment. Still although it’s got potential for the future, the board realise that the priority is to get to first gas in the meantime.

ps, yes it is going to be a rocky road to get to first gas. Sound is a small company with limited resources so will always rely on loans / partnerships and these things bring the uncertainties which you and others refer to.. I do feel some sympathy for the present board in that they will always be criticised for dilution whether it be through debt for equity deals or partnerships etc and their options are somewhat limited. Graham has stated that he is confident in signing some deals this year so let’s give him the chance which he deserved to deliver.

ps I can’t really disagree fundamentally with what you are saying and in order to get to first gas we will have some form of dilution through partnerships I think. The ONNE contract if signed off is lucrative though and will stabilise the company and give it some legitimacy when the gas actually flows. At this point the company will be relatively stable due to the long take or pay contracts which will hopefully be in place and I’m sure at that point the SP will be in double figures. What I am less certain of is how far into double figures that will be and how far the share price will move on after that. The second phase of developing and building the pipeline will take a huge amount of money to complete and it is very ambitious for a company the size of Sound so it would require partnerships again which could lead to further dilution but the rewards would be great. This is only my opinion and feel free to shoot me down but I do genuinely think we are on the right track. The CEO did say he was confident of signing a few agreements this year so let’s see if he delivers.

Ps I’m not that worried about a little dilution. I fully expect it through partnerships etc but I also realise that’s the pie is big enough to return reasonable shareholder value still. I’m a pretty good judge of character and will agree that Parsons does not come across as someone I would trust but it is my belief that Graham is a different animal and someone we can believe in and so much so I did top up below 2p admittedly.

Pontcanna there are no experts here just posters who take themselves far too seriously

ps get over yourself. None of us know for sure the exact outcome but it is my belief that and as I’ve said previously that we are more likely to succeed than fail. I can see we have a journey and think we are on the right track. I’m not really interested what you or others think of theses opinions as they are just that opinions but I am hopeful of seeing a return on my investment for sure. In Graham we trust.

Pduk how can it be misleading quoting Graham from his recent interview. If Graham believes that it’s possible to eventually pay the bond from the income then who are we to question it. I think he is in a better position to understand what’s going on compared to your hero Trellis. Anyway I have no need to defend myself as any figures that I have quoted are backed up by numerous press releases so no worries there. I am still confident we are on the right track so the mantra remains in Graham we trust.

Pontcanna. Busted? I’m just a mere shareholder such as yourself. I will certainly will not be moving on and be assured I will be here until we reach the promised land. Enjoy the weekend. In Graham we trust!

pduk of course I appreciate people’s journey and how some investors have been mislead. Any figures that I publish or quote can be backed up so no worries there. After all this is just a forum of opinions and mine is just a belief in where we are going.

Pduk sorry meant to say “are” more likely to succeed than fail not arn’t.

pduk I was more thinking about the facts you have left out such as when Graham states that the bond could be paid off with the money that they would be generating. Look I have no doubt that we will suffer further dilution most probably through partnership agreement so etc but the pie is still big enough to add value to the SP. The ONEE agreement will generate over 80 million dollars in the first year alone and the length of the take or pay contracts ensue a stable 10 year funding stream. I do not profess to know all the answers other than believing that we aren’t more likely to succeed than fail and all that I have seen this last month has only strengthened this view.

Daveyboy yes I’m surprised the posts haven’t been removed. The last ones to disappear were removed during the late evening so watch this space. My point about Trellis being duped by Parsons is purely to demonstrate that he obviously does not have the insider information that’s he hints of from time to time.

Investor 12, in Grahams interview yesterday he spoke about the bond and even hinted it would be possible to pay it from the monies generated from the gas sales which shows the potential earnings from what we already have in the ground.

Pduk it is what it is, yes I'm not a long term holder but so what? The journey you have been on I must admit has been difficult and no doubt frustrating and damaging financially. It’s got to a stage though whereby you and Trellis have been somewhat warped by your bad experience to the extent where you no longer believe any good news and are prepared to dispute any positive news in order to wallow in your misery. What happened with Parsons and the previous board has passed and constant harping on about his activities is not going to change things moving forward. Your hero Trellis who you keep quoting constantly does not know the inside information he claims otherwise he would have made smarter investment choices than he has. It looks like Parsons did a good number on him hence his bitterness. I will continue to look at the positive actions of the present board who I have every faith in delivering sound to a much better place so I must therefore restate the mantra “in Graham we trust”

Woundlick, yes Graham spoke very well today and it is clear that there is much positive work going on at present. The previous posters who were slating the board for doing nothing during covid should hang their heads in shame.

Indeep, looking forward I meant to say before Trellis comes up with another conspiracy theory!

Indeep yes it certainly looks like we’ve are heading in the right direction and the present board seem to have their act together. I’m actually like iking forward to the journey.

Nice try at oneupmanship Trellis. But no conspiracy here just a genuine typo but I also cut and pasted the terms of the ONEE agreement which clearly stated the figures so no deception on my part. I think the ONEE agreement will hopefully be signed along the lines of what has already been reported on ie worth 84 million dollars in the first year and a take or pay contract for 0.3 billion cu mtrs. You cannot dispute these figures as they have been reported widely by numerous institutions and press releases. I appreciate that these figures may be a little too positive for your pallet but they are factual if nothing else and such an agreement will certainly steady the ship for sure.

Trellis my mistake with million and billion was a typo which I have admitted was mistake so that’s pretty low using that to try and discredit me but desperation makes you do funny things!

Keeptofacts the desperation of negativity is beyond. There is a character brookmia on the Advfn board who does nothing but post all the negative snippets from here how sad and I’m assuming it’s Trellis or his sidekick pduk. The other bit of good news today about the land sale is that we avoided the clean up costs as well so happy days. I’m coming to the conclusion that the doom and gloomers are so blinded by their hatred for the previous board that they are totally blinkered by where Sound are today and the journey ahead. Putting the boot into Graham and accusing him of lying over the dilution Is most unfair and there was no response when I pointed out to them that it was covered in the recent Q&A. I will remain positive as I have seen nothing that has altered my opinion that the board are on the right track. My new mantra of “In Graham we trust” is as strong as ever.