Member Info for Sharetrader123

Agreed pimp there are some negative miseries on here for sure.

With a big tax demand fading away makes us less of a risk to partner with and easier for us to secure finances. Bring on the pipeline funding.

Utility both you and PS have ridiculed me for keeping faith in Graham and you state I'm the one needing to seek help....

Driver believe! The train is leaving the station, next stop.... first gas!

PS and Utility, I can't hear you.......?

Try putting a negative on that!

They said Graham could not get a bondholders deal. They then said Graham could not get the LNG deal. They then said the we would not overcome the tax demand.
They are now saying we won't get the funding for the phase 2 pipeline.... Watch this space.

PS pipe down. I don't think anyone is going to take notice of a Muppet who has already sold out for 1.2 p and incurred a 92% £600,000 loss. At least myself and a few others still have a chance of making a profit which as we all know is just around the corner.

Very mature utility. Everyone else is contributing to debate and you are just being childish.

Woundlick there is every possibility the morrocan govt might make an investment in the pipeline. There is also a possibility that one of the major producers might also be tempted if they hit a big gas field in the area. Like I stated earlier this pipeline ties into the pipeline that goes into the European grid and has passed all the planning and environmental permissions so it's just a funding issue now. I'm quite sure other producers could tee in along its 120 klm length and it is the only pipeline in the area that gives access to the lucrative European markets. Once the 120klm line is installed then it would make it easier to extend it if the demand justified it. There is also a future possibility that we may find more gas due to us having a large asset so there could be future upside there also. With your average so low I would be reasonably confident of fully recouping my losses and possibly making some profit but how long that would take is pure guesswork. What I do know is selling up now would be madness in my opinion.

Woundlick you asked for opinions so the big question is are you bailing out or are you staying to hopefully claw back some of your losses?

Jonnyfunk I'm not suggesting you will ever get anywhere near your 60p average back however it would be idiotic to sell now if there was a chance this could get back to double figures. Especially as Graham has managed to steady the ship.

PS it's no good spouting facts and figures anymore. You didn't think sound had a future and bailed out. The fact some weeks later the outlook dramatically improved and you didn't see it coming makes a mockery of your ability to predict anything going on behind the scenes. You are as clueless as the next man but your paper losses are now real. Just leave those invested to enjoy the journey to profitability even if it does drive nails into you.

Wound, PS sold out at lower prices than now and made a 92% and 600,000 loss. It is doubtful if anyone would now reinvest at higher prices.
The answer here is simple you either sell out prematurely for no good reason or have some faith in Graham delivering some shareholder value. The choice is yours but if you stay in there is always the possibility of recouping some losses but if you bail out then there is zero chance.

Wound,Graham has a plan. The ducks are lining up one by one as promised, not overnight but slowly but surely. Once income starts to flow in from the LNG take or pay contract and we actually start making money then any phase 2 funding for the pipeline could be secured at a lower rate or more attractive for a partnership deal. Do not underestimate the worth of the pipeline as it's the only one in the area with all the permissions granted and because it links into the line feeding the European gas grid then it will be highly desirable for other producers in the region in order to get top dollar for their gas. I don't know the specifics whether the pipeline can be leased out or whether sound are at liberty to just charge transportation costs for those wishing to ship their gas but this has huge earning potential. There are some on here that did not think Graham could get the bondholder agreement done yet he did. Some then did not think the LNG deal would ever be secured and it has. I'm not looking to be here in 10 years time and I'm only interested in making a little profit on my 3p average which I'm almost certain I will. One thing is for certain, the future looks a lot brighter than it did compared to this time last year.

A liar and a Muppet but keep digging.

PS posting whilst the SP is up, what next. It's a bit like a vampire venturing out into the sunshine. Think of all the extra value you have missed out on by selling up prematurely. At least a few of us will not only break even but make a profit here shortly. Your lack of faith in Graham and lack of patience has cost you dearly but at least some of us will reap the benefit the closer we get to first gas.

Hydrogen don't forget the few numpties that have already sold up prematurely and have incurred eye watering losses. It's funny how they always go quiet when we are on the rise but come out in force when we start dropping.

SP going up nicely this morning and no negative posts for a while.

Yes achilles some big buys going in.