Member Info for Sharetrader123

Keep, yes down right now but we know how quickly this can bounce back so no panic. It will just make the day just that little bit sweeter when it does come back.

PS why aren't you asking your doomsayer mate pduk why he told us that Sound are finished? Not maybe or it might be but was quoting a definite which hasn’t materialised. Why are you not having a go at the other doomsayers who were predicting a sub 1p share price in free fall which again has not happened? No it’s far better to wallow in misery and to try and score points against those who point out these facts. I will repeat that Graham and the board have did little wrong in this post Parsons era and have a clear plan to turn things around which they should be left to get on with.

Watergate, chariot is already my saviour but there’s a lot more profit in it to come for sure.

Watergate its a bit like a beacon of light in a sea of misery.

Utility like I stated earlier, only you could take a totally neutral comment and accuse someone of putting a spin on it thus trying to desperately justify your skewed perspective.
For all you doomsayers out there, the share price has not dipped below 1p as you were predicting and we are still trading. The share price is holding up relatively well given the disputed tax demand. None of this has dented my belief that Graham and the present board are still on track to deliver their plan so I’m afraid it’s still “in Graham we trust”

Ps you are correct however I’ve recently bought a load of chariot shares at 2.9 p so they were up over 5p earlier so happy days. I will not sell for a quick buck as this is a multibagger for sure.

Utilityone1 I was going to write you a detailed reply but as soon as I saw your comment about excitedly mentioning Crowe when my text was purely neutral then I decided you were not worthy of my time. I will say that I did not have to inform everyone about Crowe but thought the information would have been of some significance to readers on this board.

Audible yes there was no reason that the news about using Crowe could not have been inserted in the RNS. On the whole the RNS is positive and the market has picked up on the fact Sound have significantly reduced their losses.
Elsewhere, Sound Energy named the first half of 2020 as "an active and productive period" despite the challenging business environment brought on by the Covid-19 global pandemic and exacerbated in the oil and gas sector.

Pretax loss for the six months to the end of June narrowed to GBP380,000 from GBP11.5 million reported a year ago as the company reported no exploration costs versus GBP6.5 million in the first half of 2019.

In addition, administrative expenses were reduced to GBP1.17 million from GBP4.0 million year-on-year.

Going forward, the company said it intends to continue to focus on disciplined cost and cash management.

https://www.traveloffpath.com/morocco-reopening-borders-for-tourism-everything-you-need-to-know/

Crowe are supplying the expertise to Sound in responding to the Moroccan tax authorities. https://www.jeuneafriquebusinessplus.com/en/805351/sound-energy-consults-crowe-on-its-14m-tax-dispute-in-morocco/amp/

Level yes something doesn’t add up. This should have been flagged up at the end of the 2016 tax year. Strange how it has just been discovered from over 4 years ago. I’m sure some more info will surface soon.

Still doesn’t explain anything new or why this is going back over 4 years and the tax was not highlighted at the time. I guess we won’t know for a while till the Moroccan tax office respond to Sounds objections .

Loads of posts deleted leaving only ones from lunchtime yesterday. I wasn’t aware of anything contentious being posted or did I miss something?

A load of posts have been removed only leaving ones from lunch time onwards from yesterday. Can’t remember seeing anything contentious or have I missed something ?

Was the 14 million just Malcys lunch bill posted to Sound in error?

PS that did make me chuckle. I’m not in it for a quick buck as most seem to think. Yes my holding is way down granted but I was committing my investment over 2 to 3 years hoping that it would go up significantly once we were looking at phase 2 and the pipeline. Apart from my own ambitions and after hearing some of the woes of long term holders I also wish that some of them can at least recoup some losses and for some even make a decent profit.

Jack yes they do appear to have a lot of gas in the ground but getting it out is the problem

Prime doomsayer uk No agenda on my part other than sick of all the misery mongers. We all understand the long termers pain but the only agenda for the more positive posters is to give the present BOD a chance to deliver their plan so that we all see some value on our holdings.

Jack yes looks like they’ve all moved onto chariot.

Typo better side I meant to say not bitter side.