Member Info for Sharetrader123

Peru has some of the worst covid infection rates in the world and the country is clearly struggling so we will be lucky if the facility is even open yet alone clearing any backlog. There is a shortage of the gas argon in the country which the labs use when analysing the cores as all the produces of air gases have been told to concentrate on producing oxygen for the hospitals. So given the situation, analysing core samples will not be priority in a country that is being ravaged by covid and the situation is unlikely to improve until infection rates begin to fall which could be some time.

Keep, looks like the positivity police are straight on it no doubt offering paragraphs of information and facts to snuff out any hint of recovery.
The only facts you need to know is they sold out at rock bottom prices and one of them then bought into PVR which has since dwindled down and is now only worth half what they paid for it so share evaluation is not their strong point. Just because you churn out reams of facts and figures does not guarantee wisdom as this is a case of all fur coat and no nickers.

Keep your post is far too positive. I'm sure the positivity police will be all over it any time soon.

Back in the blue again today. Slowly but surely we are slowly heading in the right direction.

Ducati it's good to see the Q&A facility and is further proof that things are improving little by little. Even the shareprice was up again today so cue the positivity police producing more false propaganda to spoil anything that would point towards the green shoots of recovery.

Utility yes we have a second tax demand but I have not seen any evidence thus far to suggest that the journey to first gas will be altered.

This might upset the resident posters,doom and gloom (aka PS and PD) but any positive article is always welcome. Cue the positivity police ....
Sound Energy to supply 9% of Morocco’s gas needs- local media
0Energy, Headlines, MoroccoMay 5, 2021
A+A-EMAILPRINT
UK’s Sound Energy will be in a position to supply 9% of total gas consumed in Morocco in a move that will reduce dependence on Algerian gas.

Sound energy will start commercializing Tendrara (eastern Morocco) gas in about two years, Moroccan economy news outlet Medias24.com reported.

Tendrara’s gas potential will help Sound Energy supply other clients besides Morocco’s water and electricity utility ONEE, the website said citing an unnamed source.

To that end, the British firm plans to set up a factory to transform Tendrara’s output into liquified natural gas (LNG) in order to be able to deliver it to industrial clients across the country.

The company had signed a deal with Moroccan fuel company Afriquia to use its transport logistics to channel Tendrara LNG to clients.

I'm sure Brad hasn't got enough on his plate. If he did then we would have had news by now confirming a flurry of activity.
I can understand it might not be the best thing to have several investors all asking similar things in their e mails but given the fact he is not keeping us adequately informed then asking for information is perfectly understandable and justified. Perhaps if the company had the foresight to have a Q&A page on their media platforms then this could be solved very easily.

I can see that my filtered friend has responded. As I cannot see the reply I'll take s shot in the dark and state that the lady doth protest too much, methinks.

Medar I'm assuming your post is aimed at PS and I don't know what she stated because I have filtered her. Please don't believe this person is good at finance. This is a person that would have you believe that they are clued up by bombarding this board with paragraphs of information mainly copied and pasted from the company RNS feeds. The reality is that she has recently sold up the majority of her holding whilst the shareprice was low only to see it then rally a short while later so this proves she did not have any inside information and was incapable of analysing all the data she has posted whilst missing the fact that the bondholders deal was going to be approved and therefore she took a massive hit financially as a result. Not content with making this costly and foolish mistake she then had a kneejerk reaction and went on to invest what little that was left in a company called PVR at over 7p only to find that weeks later it is now only valued at half that amount.
Those investors that sold up before the recent rise and were predicting the end of Sound haunt this board like vultures wishing for the company to fold so they can say I told you so and to also make themselves feel justified in selling up when they did but most posters realise that their bitterness and sniping at anything positive is purely driven by the costly mistakes they themselves have recently made.
In my opinion Sound will survive and get to first gas and the shareprice will rise from current levels. It may not rise enough for some of the long term investors to break even but certainly should be capable of increasing from current levels for sure. Each positive step is viewed with ever increasing scorn and bitterness by some as the magnitude of their mistakes are multiplied with each hurdle the company overcomes.

Woundlick I also forgot to mention that I totally agree with the majority of long term holders view of Parsons and I have no doubt the reason that Sound is in its present predicament is purely down to the legacy the former CEO has left us with. I can also understand why some long termers are sceptical of the board but holding on to historic disappointments should not be carried over to the new CEO who is currently trying his best and is certainly more trustworthy than JP. Regarding PS and her analysis then I have already pointed out that just because someone bombards us with pages and pages of cut and pasted snippets from previous RNS doesn't mean they can produce an accurate assessment of the worth of the company or the shareprice. As I have pointed out previously, I doubt that Graham himself could even be that accurate based on not knowing at this moment the outcomes of the tax situation and future potential worth of any farm in agreement or the worth of the pipeline which would depend on future funding and potential agreements signed. We can all speculate but at present with Graham at the helm he has demonstrated that he can make a difference especially compared to the previous regime which surely points to the fact that he deserves some support and encouragement rather than unfounded criticism.

Hi woundlick, many thanks for living up to the stereotypical long term holder view regarding the previous board.
That's all I can say is there is a new CEO in town and he is trying his best to make the best of a bad situation he has inherited.
You must admit that to date Graham has not deceived you in any way and shows a genuine passion for sailing us out of these choppy waters and has so far made a good fist if it.
I remain confident that he is the man for the job and although it is not possible for long term holders to recoup all of the losses they have endured,it is possible for some recovery that might turn a profit for some and limit a total obliteration for others.

And right on cue the positivity police arrive....

Shareprice in the blue again with another small rise. At least it will give the positivity police something to moan about.

Ericnat well done. I wouldn't expect a reply on the tax issue as Brad has already stated it will be sorted out behind closed doors the last time he was asked.
He may shine some light on the FID though.

No doubt my filtered friend is feverishly typing paragraphs trying to rid this board of any hint of positivity but I don't care as she is filtered but the strange thing is that I filter 1 person and 90% of the negativity on this board has disappeared so happy days. SOU is up again today as I type so that will no doubt give the doomsters something else to moan about.

llos01 it's good to have alternative views however you must realise that some long term holders have been blinded by their bitterness towards the former CEO who promised them much and ended up almost wiping out the company. Many have lost patience and recently sold out as a result and have lost huge sums of money only to now regret the decision and now hang around haunting this board hoping that Sound does not flourish as to somehow justify their foolishness. Meanwhile even though there are still hurdles to overcome, the new CEO has rescued the phoenix from the ashes and has a clear plan to get the company back on track which will take some time but at least he is offering hope where there was none.
Any new investor should look at Sound with a fresh pair of eyes and not be blighted by the previous failings of a board who have clearly cost investors eye watering amounts of money.

PD, nobody can provide calculations with any accuracy not even Graham. Anyone who claims they can is just bull****ting so I'm not going to do that. There are just too many variables that could fluctuate massively depending on the outcomes which we can not begin to predict. Trying to work out the current value of the asset or shareprice is not only impossible but pointless. We do not know the value to us that 0the pipeline could bring as that would be dependant on the future funding and the deal that is struck or the full value of the asset should we manage to get some kind partial farm in. Again the resolution of the tax issue could also have a huge effect on the company worth and it is unclear how this will resolve itself at present. What I do know is that Graham is doing a good job at in overcoming the many obstacles he has inherited and seems to be making good progress given the difficulties and covid. My view is a little more realistic if not simplistic but I'm ultimately confident in the ability of Graham and the board to strike the right deals in the future and improve the current shareprice.
That's why I have not bailed out as I had the chance recently when the shareprice was well north of my break even point of 3p. This decision may or may not be the right one as everything is s gamble to a certain extent but at least I am still in the game and have not foolishly lost patience and sold out.

PD, noble but highly predictable sticking up for your fellow doomsayer. If you call cutting and pasting numerous previous pages and pages of RNS as being clear and concise then it's only clear and concise because it's what the company has already released which we are already aware of.
You mention unicorns and candyfloss but it's my belief that Graham has yet to put a foot wrong since coming onto the board and if that's upsets you and the other doubters then so be it. I will carry on believing until Graham either deceives us or starts making poor decisions but I don't envisage seeing either any time soon and Ps (if you pardon the pun) it might further upset you and your fellow doomsters who have foolishly bailed out already that the share price was actually up a bit today.

Meant dosen't and not consent