Member Info for Sharetrader123

Truthseeka you are incorrect . The country does have a market for the gas and thats why Sound have signed take or pay contracts in Morocco and placed minimum production targets as part of the LNG tender. This is part of a wider Moroccan policy to reduce gas imports and couple this with the fact you keep referring to LNG as LPG shows a lack of understanding regarding Sounds activities.

Rob GGP down over 3.5% but I agree this is just a blip and gold is still forecast to be consistently over $2000 at the end of Q1 and continuing to rise from there onwards.

Dropping like a stone. Up to almost $1960 this morning but now barely above $1900. That’s slmost 2.5 Percent down which is a big drop.

Ranger it’s LNG not LPG

over 7% down today yet gold price flying and we are still in a great position. AIM is baffling for sure.

Considering we have 2 world class partners, low mcap, no debt and are reasonably well funded whilst sitting on a potentially great asset with an accelerated drill plan underway then isnt it strange that the SP is struggling to get back into the thirties yet alone the recent highs in the forties. The AIM is a strange place at times.

Wasn’t expecting that as gold is well up today.

Scarf I don’t think he was worried about the impact on the shareholders at all. Many agree that what seemed to be a genuine attempt to bring the previous board to account soon turned into a self obsessed egotistical pursuit which was revenge driven. The only thing that stopped this madness was the threat of legal action end of. Hopefully we will see the end of this revenge fuelled quest if his ego will allow it.

MP also remember that Brazil Resources being next door are also a potential buyer.

Don’t forget also that the next mine to the south of us the Novacopper Titiribi mine was sold to Brazil resources in 2016 for a nice profit.
September 1, 2016 - Vancouver, British Columbia - NovaCopper Inc. (TSX, NYSE-MKT: NCQ) (“NovaCopper” or the “Company”) is pleased to announce the completion of the previously announced sale of its wholly-owned subsidiary, Sunward Investments Limited, to Brazil Resources Inc. (“BRI”). NovaCopper sold Sunward Investments Limited, which indirectly owns the Titiribi property, located in Antioquia Province of Colombia, to BRI in exchange for 5 million common shares of BRI and 1 million warrants. Each warrant is exercisable into one common share of BRI for a period of two years from the closing date of the transaction at a price of C$3.50 per BRI common share. Using the 20 day volume weighted average price of BRI shares on the TSX-V of C$2.39, the value of the 5 million common shares of BRI would be approximately C$12.0 million (US$9.1 million).

MP although zigin did buyout continental gold it’s hard to form any similarities when predicting a buyout of OMI. They are apples and oranges in my opinion. Interestingly the continental buyout did not even double the shareprice as it went from around 3.68 can dollars to about 5.50 but saying that their market cap was over 1.1 billion at its peak and I appreciate that ours is a fraction of that.

pduk one can appreciate the history here but the letdowns were mainly due to the false promises made by the previous ceo. We have a far better chance of Graham being able to steady the ship based on his performance thus far even if there are still choppy waters ahead.

pduk its understandable not having much faith due the dissapointments of the past and many false dawns but even you must appreciate that Graham brings new impetus. It cannot be easy trying to negotiate with so many dark clouds on the horizon but he seems to be a ray of sunshine during these gloomy times and has done extremely well considerig the challenges he is overcoming. Given that securing the LNG plant was a major hurdle in us getting to first gas then he at least deserves a big pat on the back and he will hopefuuly be equally as capable in dealing with our remaining issues.

ericnat shame on those who were putting the boot into Graham before giving him chance. The proposed LNG deal is a masterstroke as we already had the gas sales agreements negotiated on a take or pay or pay basis The funding and building of the plant was crucial to Sounds future so hopefully its onwards and upwards from here.

The LNG plant deal is self funding. No cost to sound and lease payments only payable if production targets met. To all the doomsayers, put a miserable spin on that!

That good news in the RNS might even make it into Malcys blog lol.

Nice to see some positive news and proves that Graham and the board are working hard despite trying conditions. The mantra "in Graham we trust" is very much alive and reflects a board that have not thrown in the towel as some were suggesting. Also good to see all the contact numbers and e mail addaddress published in the RNS.

No MP it’s not good to see posters predicting a doubling in price in a week needlessly ramping which is baseless. This will fly no doubt but when it’s based on some actual drill results. There is definitely a culture here of over ramping but the SP doesn’t need it as it can stand on its own merits.

Webb’s 2 days ago you were quoting 42p by this week.
“Oh and don’t forget the $900 billion stimulus package, boom this is going straight back to 42 this week”
That’s the problem with over ramping. Posters are making claims based on nothing substantial. Even when it drops like today you just deflect by stating the mm’s are giving us a gift which is of no comfort to those who bought in the low 30s when we thought the SP was also a steal. I’m not picking on you in particular as many others are doing the same but that’s why it’s important to balance these views with a bit of realism also.

Have some patience pimp . There are still a few days left for Graham to respond.