Member Info for Sharetrader123

Sara Dees wow and of course pure fantasy again,

Pduk perhaps it is you who should do some more research on Sound before making unsubstantiated allegations against Graham. If you look at the Q&A video of July 9th then you will clearly see that Gary was asked about dilution and clearly reported that in order to address the bond issue further capitalisation was required. Myself and others took this as a clear indication that further dilution was imminent. I am disappointed that the anger aimed at the previous board is now beginning to surface and be directed at the present board to taint them as well which is unfair. The present board have not done much wrong so you and others should give them a fair go so yes I standby the statement in Graham we trust.

Trellis, like I said earlier in Graham we trust.

And Tendrara could be the drill that saves us.

Shame on all posters accusing the board of not doing enough during these covid times. In Graham we trust.

PS it was only an alternative view in a bid to cheer up woundlick. None of us know for sure how it will all pan out in the next 12 months but getting the ONEE deal signed will certainly change our outlook for sure.

Woundlick you are in great need of comfort.
Alternative theory: Present board have enough funds to take us well into next year. In the meantime ONEE conclude deal with Sound and secure our journey to first gas with good income stream worth 18 million dollars gross in the first year and a take or pay contract on the first 0.3billion cubic meters of gas. The bond is then restructured on basis of having multi trillion cu ft asset and a market to sell our gas.. Get to first gas and sell LNG to create sustainable revenue stream. With the money flowing in,further investment is secured for pipeline build. Pipeline project complete and access to new markets and income streams via linking to the European grid network. Further steady income generated by charging access fees to other producers in the area desperate to get their gas to the European network. Share price rockets and shows good growth over coming years. Sound investors live happily ever after.

Oilpimp totally agree we all want the best deep down for the share price to prosper. I can also see why a long term holder would vent their frustration on Parsons and the previous board. Hopefully as we move on the journey to first gas and some relative safety then our attention can focus on more pleasurable subjects such as guessing the SP ceiling of a well performing company.

Trellis the 80 million dollars quoted is not fallacious at all and there are umpteen articles that reported this. Just because you choose not to believe them dies not mean they are inaccurate or do not exist.
I’m hoping to see these figures reconfirmed when the agreement with ONEE is signed off.

Oilpimp nice to see the doom and gloom brigade out in force today ,no doubt the share price going up will upset the apple cart.

Nelso here is the most recent article on the talks from July and is roughly where I thought we were.
https://www.morningstar.co.uk/uk/news/AN_1593600682569319300/sound-energy-says-tendara-talks-continuing;-adds-new-director.aspx

Trellis Ha it was supposed to read beginning not begging (fat fingers again) if I was really trying to emulate Parsons then I would have stated trillions instead.

Nelso again I’m not sure but I would have thought that with the previous work already done and covid permitting then full talks could be concluded this year. Anyone holding now should have the patience to wait a while as the SP will certainly rise rapidly when the deal is announced.

Gregory sorry that’s million not billion. I’m begging to sound like Mr Parsons now. I’m sure he replaced the m on my keyboard for a b.

Nelso, I’m not sure is the answer. I think the talks were going well previously so could be anytime soon. A signed agreement would work wonders and might even manage to lift the mood on this forum.

Oilpimp the 84 billion is in dollars and is a gross not net figure. However the 0.3 billion cubic meters with a take or pay contract is pretty good and the MOU was for a binding agreement. If this gets signed then it will be the making of Sound.

Take or pay I was trying to say not take of pay (fat fingers)

Someone asked the question yesterday about the ONEE agreement so I looked it up again. It is pretty good in all fairness as Sound would make 84 billion dollars gross in the first year alone and they had agreed that 0.3 billion cubic meters would be sold on a take of pay basis. This is why I am confident that when signed, this agreement would transform the fortunes of Sound and the share price. Although talks are continuing there is no indication that the agreement will not be concluded and any positive news on this issue would seriously move the share price to far more healthier state and stabilise the journey to first gas.

It would be nice If the site administrators stated why the posts were removed. So admin it’s over to you?

TruthfulOpinions it can’t be as you have stated because the offensive posts only would have been removed. There are only 2 posts surviving from yesterday so it’s doubtful if all the others were controversial enough to warrant removal. The content of these posts was the usual putting the boot into Parsons and the previous board and someone did threaten to go to the press and expose them. The last posts were in relation to what was happening with the talks with ONEE.