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There were a fair amount of posts yesterday afternoon that have all been deleted? Anyone throw any light on this?

Indeep the SP most probably finished in the blue due to the positive spin from Malcy blog “Sound has announced an additional £725,000 has been raised from the Broker Option announced last week at the Placing price of 2.125p per broker option share. An innovative and shareholder friendly raise has clearly been worth the while for Sound.”
The market hasn’t reacted negatively to it today also so happy days.

Trellis I agree that its doubtful if the blogs will continue for much longer however he used to dedicate a fair bit of them to the sports results so perhaps he will start commenting and giving updates on the Moroccan camel racing scene ?

After today’s announcement I wonder if Malcy will mention Sound on his daily blog. If so, I would be interested to see what spin he puts on it?

Pduk I’m not trying to circumnavigate the near term issues. I’m just saying that I do not have enough credible inside information or correct figures to be certain that the information that Trellis puts forward is 100% correct therefore it is pointless trying to challenge speculation especially as it all constantly points to the worst doomsday scenarios.

Trellis that’s some doomsday scenario. I was going to ask if you had any conspiracy theories but I don’t think I’ll bother. It’s not a case of your cup being half empty as you don’t even have the cup. Some of what you say may be plausible but you maybe overthinking things to destruction.

Pduk I must correct you as I’m not looking for a quick in or out at all and can see me holding for the foreseeable. The comment about the single figure broker estimate is way out. If sound are positioned for first gas then the SP would rocket into double figures with ease. You have just seen it go from below 1p to 4.2 p on the slightest whiff of positivity so what do you think will happen when we get to a more concrete position and safety net of first gas?
I’m not in a position to challenge any figures as although we know the debt with the bond and other known costs what we do not know is what’s the full potential of the asset. A lot of borrowing / funding is often based on the potential which is hard to put a figure on right now but will become clearer as the asset develops. There may be much merit in what you say but there’s are a lot of unknowns to be certain of accuracy. Enjoy the weekend!

Pduk I’m sorry if my rosy outlook irritates you but I think getting to first gas is far more likely than not. I’m not suggesting that it will be a smooth path and I think that further dilution may take place by means of partnerships in order to get there. Although any dilution is a worry it is my belief that the pie is still big enough to withstand dilution and still raise the share price to double figures. Once we reach the safety of first gas then it will be easier to raise the funds in order to further exploit the potential of the assets and pipeline which will open up further markets due to linking to the euro grid. This will obviously take longer to achieve but getting to first gas is the priority and will give the stability and platform to develop further.

SoundasaPound I totally agree that the long wait for the long termers was filled with disappointments and frustrations over a very long period of time. It is clear to me the extent of this frustration is severe and it is even beginning to manifest itself with the failings of the previous board being heaped in the present incumbents. I still maintain the future is bright and with a little more patience we will soon see the change.

Keeptofacts I totally agree.We are in a period of non activity at present and this is generating plenty of negativity which will only get worse whilst we are in this dormant period and no doubt as it intensifies the board will be demonised even more as frustrations become greater. Once we get near to first gas and the SP recovers the board will no doubt be elevated from pantomime villains to heroes. It may take a good few months to see this change but I’m confident it will come.

I’m not missing the point at all. If you watched the last Q&A then reference was made to these facts. The board stated the difficulties at present and stated that although they were having video meetings that it was no substitute for face to face meetings that were and still are difficult at present. We could just ignore this and post an article over a month old trying to discredit Sound for the sake of it.

Ericnat this article is from early June and stricter covid lockdown rules have been introduced since then and even stricter ones this week due to some spikes locally. So I’m sure the board are struggling to set up face to face meetings but things are beyond their control at present and this is no reflection of inactivity on their part.

SoundasaPound in answer to your question I do not really know a date when significant news will start to flow. I was not expecting much for a good while mayb a few months but certainly by the end of the year. I also expected this mass negativity with posts reminding us of the failings of the past or future predictions of doom and gloom which is what we are now witnessing. We need some patience for a little while but once we get to first gas then we have reached a position of safety with revenue being generated and the SP well into double figures. The speculation on this board will then focus on how high can the SP go in order that some of the long term holders finally make some profit after a long and frustrating wait.

I fully expected this negativity as we now enter a period of nothing new likely on the horizon. It’s all just empty speculation some of it based on the company’s past failures which is completely understandable. Can it all go belly up, of course it can but if everyone though this then they would all pull out now, take the huge hits rather be left with zero.
The board now have 8 months to deliver something that gets us ready to start generating some revenue from the asset. If they can deliver this then the SP will be totally unrecognisable from where it is today and the price will not be falling back only moving forward. The biggest headache faced then would be speculation on how high it will potentially reach. It is not that important now that the SP is hanging around 2p at present and is totally understandable given the timeline we face to get to first gas and some of the obstacles that exist. Any share price that can go from below 1p to 4.2p on nothing more than a glint of positive speculation would go into orbit if the company reached first gas and started generating revenue. Once first gas is achieved then we have reached the safety net with the company achieving the industry legitimately whereby funding will not be an issue. You can look at this in a positive or negative light but I still think we are more likely to succeed than fail. One thing I do know with relative certainty is that we won’t be waiting much longer to find out if we will reach the promised land.

pduk that’s conjured up quite a picture. Malcy being wined and dined in a Bedouin tent in the middle of the Moroccan desert. It might actually not be far from the truth.

The Sound late announcement yesterday even caught Malcy out. He didn’t react to it until he put out a flash late blog at 16.36. I thought he put a positive spin on yesterday’s announcements and although there has been dilution it did not appear to send the SP into a tail spin. The present board has now bought 8 months breathing space so we will soon see if they deliver us to a point where this long awaited potential is finally realised.

Ericnat to put a positive spin on this I think the share price is relatively stable for now and we know we have enough funding to prevent us going belly up in the next couple of months. It might be frustrating over the next couple of weeks with no real news and the share price stagnant but it’s now just a waiting game probably till the end of the year so patience is the key but I’m sure good news will eventually come our way.

Wh0sthedaddy they may indeed need to raise more cash in six months time but by then we will have a clearer picture of where we are with first gas and if the news is positive then the SP being low will be a thing of the past.

Indeep the past is the past. Too much negativity here harping back to the way things were. I agree that the new board with a plan is the only thing that is of interest to me and looking forward to arriving at first gas in the near future. Parsons et all is an irrelevance in the journey ahead which will hopefully see a return for the long suffering investors.

Thanks indeep. We are in very similar circumstances and no doubt like a lot of others.
Even though I have only invested in the last few months, I still believe in this board and their vision. Call me stupid or naive but I’m sure we won’t have to wait that long before we know his this is going pan out. Perhaps we can have a celebratory beer when we retire with our profits intact.