Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
4p on good news please.
I’ll be a good start, anytime this year would also be useful.
(10/10 impatient non Warren Buffet type investor)
Gla
I feel like i might need sectioning after this share.
Is this all just another long drawn out aim scam or will these Phase 1 contracts ever actually be binding.
Frustrated and fed up waiting here.
Ducati2.
Many thanks for that detailed response and its very good news to hear.
Much appreciated.
Is anyone able to confirm if the Phase 1 contracts can actually be agreed prior to the clarifying the outstanding tax demand?
Anyone?
Forget this RNS..........these carrot dangling glimmers of hope are only serving to frustrate me personally.
CAN WE PLEASE HAVE an RNS for binding Phase 1 contracts and a decent update on the Phase 2 pipeline contracts.
It really doesn't feel like too much to ask for as a shareholder given that its now July 2021 and there has been a list of broken deadlines and timescales that have passed. How much money is now left for this company to keep the lights on without these binding contracts in place.
My feeling is that Graham is genuine and has been working in our best interests, but lets just have the clarity we all need here to either move forward with this or not?!!
Maybe someone can please confirm to me given the last Q&A if the Phase 1 contracts can actually be agreed with the current position regarding the Morrocan Tax authority demand (which does sound somewhat farcical given what we are told)??
Excellent post by i-man.
Really nice to read a balanced perspective from a long term holder here who has clearly been proactive in asking questions directly with Graham and the board.
Sharetrader123 - I certainly hope your confidence in this share proves to be correct. (I might even buy you a beer if it does:))
However, I must admit to not quite feeling my usual 'glass half full' self these days since the potential of a wider tax fiasco completely blighting the route to first gas.
Regards and GLA with how this plays out
It will 1 month tomorrow that we received good new confirming about the successful bond restructuring. GL has however promised plenty of news flow in coming months but as of yet we still await any further new regarding binding Phase 1 contracts.
Patience is not my strongest trait and this share has certainly tested it to the max, but I still believe that there is plenty going on behind the scenes here with Graham and Mohammed and that an update regarding both Phase 1 and 2 projects is due soon. Quite how far off that news is to landing is unclear to me, but I thought that I would just put it out there and ask others what their thoughts are on potential timelines of any further news landing here as i think when it does we could see a stepped increase in SP?
I am seriously looking forward to the day, hopefully very soon, when all this is officially announced by RNS.
Wishful thinking admittedly, but just maybe there is something in the old 'Malkis' crystal ball?! (cue the retort of 'ps200....)
GLA
It certainly feels like the company has a far more realistic and clear revenue generating direction now with Graham at the helm.
None of this ‘high risk high reward (oh dear...we are almost bankrupt approach). Laters JP ??
Onwards and upwards GL
Gents, St.Mary is right.
I did personally filter Ps (just my choice) as I felt the same points kept being regurgitated.
We are all free to comment but It does feel like this repeated battle is becoming a little incidious to the board.
Everyone has their right to open communication here of course but can you guys agree to disagree over this?
Enjoy the sun, your health, life in general and the fact we are getting through the global pandemic.
Peace my brothers
SP-ANGEL.........In our view, Sound’s current share price represents a compelling entry point as the
Company gears up for Phase I of its transformational monetisation of its flagship
Tendrara gas play. The new leadership team has successfully transitioned the
Company’s near-term strategy away from high-reward, high-risk exploration led
growth to commercialisation, which will see Sound become a material mid-tier
Moroccan gas producer.
We therefore initiate coverage with a BUY
recommendation and 6.5p/share Target Price, also calculating a c.33p/share Total
Risked Company valuation.
Sound certainly does now finally seem well poised for some steady growth from here. With announcements of its Phase 1 contracts due to land at any minute and Phase 2 pipeline development contracts continuing positively then there is certainly lots to look forward too.
The company re-evaluation will hopefully appear in the next few months (?) which will also has to sound positive against the current deflated SP.
The graft to date from the new(ish) board is now just starting to show and I believe will be reflected in the SP in months to come.
Blocker,
My apologies in advance of this is an obvious answer to some on here, but can you please explain what a Code 1 is and how you know this?
Just interested
Thanks
Graham sounding more confident with each interview. Another great step forward and brilliant update from him.
Cleary further positive news due to land here very soon.
Arrrh p..s?!!
Great news today.
This should only be the start of several really positive pieces of news flow due to land here for Sound Energy in forthcoming days or weeks.
Credit due to Graham and the team.
Looking forward to an SP re-rate when further news flow for the Phase 1 contracts has been confirmed and FID made.
Very well said Sir!!
GLA
Fantastic news!!
Just the start, by the sounds of it.
From the RNS, this paragraph sounds more like a formality Re binding Phase 1 contracts.
'The Company is progressing the Final Investment Decision contract and approval processes for its Micro LNG phase 1 development with all relevant stakeholders. This will lead to a 'notice to proceed' and construction to start in due course. The Company confirms that, after restructuring of the Notes, it has sufficient cash resources through to August 2021 to undertake these activities'
Definitely more positive news to follow this RNS very soon and I would suspect the SP to tick up prior, and then jump post news.
A selfish act by me as i just wanted to see a more positive subject line here.....
GLA all investors for tomorrow, especially long term holders here who have waited patiently.
They seriously deserve good news.