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I am expecting the unexpected but thinking that I am going to not look at this for the rest of the year...
Which only leaves me to wish everyone a happy and healthy holiday period and some magic Christmas gassing for Sound.
Best wishes
SC
Morning all,
I am also concerned about the proximity of the cc and the fsc but none of this changes the simple facts as I see them.
1. BOD know a lot more than us. How can you play the most serious game of poker when you know how good your hand is if you keep the masses informed?
2. The gripes and groans, no matter how justified they feel, are pure conjecture
3. We have a large team, not just Sound, all pulling together in the same direction with 61 percent along for the ride.
4. Data room set up a long time ago but to defend against what?
Let's please just wait for some skin around the bones.
Have a good day all.
SC
The thing that always gets me is the personal attack on individuals who hold responsible positions at Sound.
They are regulated to within an inch of their life.
Their CV's are laid bare with a strong histories at major companies. Let's have all credentials laid out of posters before we can accept their calls of fraud.
I am very much underwater here 80 percent down.
If you believe you know all the facts surrounding this company and you have been conned somehow. Raise it officially.
We are all individually responsible for our investment decisions based on the level of research we undertook ourselves not from a tag line here and there.
I can't afford to lose this money but if I do it is my fault.
We are into the end game. Your choice if you sell or hold out but stop this pointless acrimonious whinging.
You pay your money and take your choices...
Morning all,
I have tried to stay clear of the bun fight that goes on. There are so many possibilities that it is hard to second guess.
1. Majors could have been in the data room some time now and Will know a lot more than us.
2. We could be sat on a large offer already based on getting these first 2 drills done to allow the purchaser more time hence the fast track.
3. If deal is worth x as a base if one of our 3 hits it adds to it.
4. It could just be a huge gamble by BOD. I am not sure I would take such a gamble with my reputation even if I were financially sound (No pun attended)
5. I have yet to meet anyone who sets out to fail
6. As disappointed as we all are let's leave the experts to do their job again they know far more than all of us put together.
GLA
So all have their own decisions to make.
You can sell
You can buy
You can hold
You can report the company!
That is freedom of choice.
If you report I suspect you will need a lot of information and proof not just your interpretation of something.
If you are responding to something you didn't like on the FSC please balance it with their unambiguous statement that they take the rules of conduct very seriously and I suspect will have documents to prove this.
You may as well report MPs for falsehoods about leaving Europe, all retailers about black Friday's and yourself for the odd time you didn't declare you were undercharged.
This is a very complicated business with no certainties. Would want some to be out of this for the weekend
GLA
The more I am noticing that spin is used everywhere. This B&B is rife with it
When will people take responsibility for their own decisions? I am overexposed on where I want to be both in terms of cash invested and the current price. It is my fault.
I have yet to meet anyone who has not made a mistake in their personal and professional life. And never known everything go perfectly all the time for companies.
There are experts from many fields pulling together to get a good result for all.
Time will tell positively or negatively from here.
GLA
I think the BOD were very brave and honest today.
We all have the same simple choice now. Do we believe it will come good and stay put in support or do we think it's gone awry now and we bail ?
All this finger pointing at each other serves no purpose at all.
GLA
I have been a firm believer and supporter of Sound throughout this process.
Some of the integrity has been lost for me - no pointing at SLB or anyone else about choices.
We still live to fight 4 more days...
Te10, TE11, WiFi and what we have already.
Share price may go back to my original purchase of 9p although have bought more to take my average up to 60p.
Can t sell on seismic now.....
Still here to the end and supporting but more sceptical.
GLA
Good morning all,
Please ensure your seatbelts are fastened at all times as we are in for a bumpy ride.
The captain has complete control and there is nothing to worry about as we will have a very safe flight with a landing that will have you all cheating.
Thank you for flying Sound Air and please don't use any naked flames as the has pressure is very high.
GLA
Diver69 this is not true. They simply have a vast team of individuals doing analysis and measuring opportunity. Add to this the massive amounts of money they have a punt is not personal.
It is like comparing the performance of a formulae 1 car to a road car completely different.
That said I do understand the perception and how it feels.
Best wishes SC
An excellent balanced post Lucian. I am about 60 pct down at present from my average price. These are paper losses and I for one won't realise them at this point.
It all comes down to your risk reward appetite but I also know that arguing on here with others helps not a hot.
I know we should not invest what we can't afford to lose but as all the historical posts show no one is happy with losing.
I believe that the potential rewards outweigh the risks from my perspective but in every case that differs.
Good luck all and stay strong for another 60 days or so.
Just about to dig a trench to hide myself in after this post!
What if the camera is suspended not only for the reason stated but that they are starting to take down the rig as it's work here is done?
TE10 is likely to be ready for the weekend (a time I for one would not want to be out of this share!!!!)
I personally think news will start to come regularly now but am clearly looking at this through rose tinted glasses.
Roll on delivery for this exciting company.
So much needless bickering on here now. Life is about decisions hour and bad. If lth's trade in and out to derisk well done I applaud you. I wish I was allowed to but hey go.
This share price will always drift with no news and we can all second guess what we think (or want to happen to suit our own purposes is the truth!) Should be happening but there is only ever one truth and these are the facts when we receive them.
To me share price is secondary to the ultimate outcome.
Good luck all I am sitting right from here...
Hi Testpack3, Just to pick up on your point as I see what you are alluding to but one word pointing to future tense does not give full context.
As at today's price of buying the shares there are probably 10's of companies that could buy us. So there could have been some but not lots of interest already.
Future state there lots of interest is pointing to lots given the size of discovery and that can afford it. Context in the bigger picture is so much more important.
Just to add I have a friend who has not invested who has poured a lot of scorn on this company over the years and talked about my money lost! He said to me today he thinks he is very wrong.
Roll on to a lovely bidding war.
Good luck all.
Thanks all for the updates. Wish I had the time and money to have been able to join you all.
What are the prospects of getting 4 RNS notification in 4 days? 2 down 2 to go. Ramp up the prospects!
Wishing all safe and successful trips.