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Another day, another disgruntled investor.
I really look forward to positive posts if/when we get good news.
Maybe even a change in sentiment on this forum? :)
Using my maths I make it the 28th July to the end of the 45 day exclusivity period for the farm in partner.
I wonder if SE can actually make this deadline on time?
It would be very nice if this deadline is actually met and will hopefully help to be the catalyst for a more positive and confident long term outlook for shareholders and future investors.
GLA - interesting times ahead I think
As the great orange tanned David Dickenson would say;
1.4p??!! - 'Cheap as chips' .....this share could be a real 'Bobby-Dazzler' one day.
GLA
Unlike many on this BB I am pleased with the way this company is being transformed.
Graham and the team have already delivered on many things (as promised). Admittedly timescales have slipped, been missed, sometimes hugely delayed - cant argue that!!
But, Graham has restructured things and will create a revenue generating company for many years to come with the farm in and Phase 2 deal completed.
Personally - I really like the sound of £65 million net profit to sound for 10+ years or more with any further exploration upside added on.
Investors will probably have to wait 2-3 years to fully see this though, but this is now highly likely to happen as opposed to the company going bust.
GLA investors
Very clever!
That's such a detailed and great summary.
Many thanks Fernan.
I totally agree!!
Its transformational news and now highly likely that sound will become a big revenue generator for many years to come.
Well done Graham and the team.
Tax issue sorted
Phase 1 project to produce gas in 2024
Phase 2 - Pipeline funding and government backing.
Hopefully people (even previous sceptics) will now believe this company has a far big future as a producer and an explorer than it ever has.
It will interesting to see if sentiment has now finally switched to one of positivity moving forward?!
Excellent positive news!!
Its another indication that Graham and the team are all working incredibly hard and in the interests of shareholders to progress this company to be a producer/development and exploration company.
Also hoping that this is now the first of several positive RNS's to come in 2023?!!
GLA investors
Good luck with that?!!
No one here knows exactly when news will land.
Most deadlines have overrun for sure, but we are now in another extended period so it's no wonder investors are keen to hear news prior.
Tincan,
I must admit that I thought it been alluded to by Graham in one of the last interviews that there had been a couple of additional late interests to the table from far bigger companies than sound?
I don't really want to get carried away with speculative stuff, but does anyone else remember this being said, or did I just imagine it?
Agreed - It feels like the longest wait ever to receive this Phase 2 funding news.
I note the exclusivity date from the agreement had now also passed.
It just leaves more questions in my mind
Is it possible an alternative offer is now being considered outside of the exclusivity period, hence the delay?
Or is it just taking far more time than expected to get this funding deal signed?
Either way, all investors will be keen to get a comprehensive update on the 13th?!!
Personally I am keeping my fingers crossed for positive news prior.
Come on GL and the team
GLA
great news!!!!
I would think the optimum time to buy these shares now given the current SP, latest tax agreement update, and imminent Phase 2 funding decision likely to happen in the next month or so, and of course Phase 1 revenue being generated from 2024. LOTS TO LIKE! HERE!
Joe - my patience is wilting and my nerves are somewhat frayed.
Some decent news would be nice?
From last month and posted before, but worth reminding ourselves:
https://atalayar.com/en/content/morocco-future-major-gas-exporter-africa
GLA
Despite the 6 week extension, its certainly true that this could now be signed off much sooner.
This still leaves a small window of opportunity to buy cheap shares here as a re-rate is on the cards once the Phase 2 funding has been confirmed.
Positive stuff!!
Agreed.
Disappointing its not quite done, but it must surely be very close to have only extended the deadline by 6 weeks.
For the right deal, it will be well worth it long term for all shareholders.
Personally I disagree and am looking forward to gauging how negotiations are going from this Q&A.
Keeping investors informed (to me) is important and that's all they are trying to do.
The extension and deadline for negotiations was always set until 15th March and I suspect that Graham and the Team may have thought (as mentioned in last Q&A) that there would be a material update for us all in February.
Unfortunately this hasn't landed in the form of an RNS just yet (for unknown reasons to all) which seems to have upset a few (probably minority) with the timing of this Q&A .
I and its disappointing after waiting so long with the already extended timeframes but the expression' dammed if you do and dammed if you don't' springs to mind for the BOD's.
If Graham and the team negotiate the best deal for shareholders long term then I will be happy.
Attendance of the Q&A is optional is people think its of no benefit.
Each to their own.
Joe - I do agree in that respect that its unfortunate timing, but at least we will be updated with ongoing developments and whether the BOD's are on track with everything. I think we should at least be able to decipher this from the q&a.
Lets just hope that there are no further extensions to the 15th March deadline though.
Gary and Graham both seem keen on a quasi debt financing option to me which is how I think this will play out.
GLA
Regardless of no RNS update prior, I am still looking forward to a decent Q&A update with news on progress with Phase 1, 2 and farm in process.
I fully suspect Graham and the team are within touching distance of getting the best structured deal together for all despite the protracted wait for shareholders.
GLA shareholders
Here's hoping for a positive RNS update in the next couple of weeks!