Member Info for Soundingoff

The deleting of posts is fairly obvious. If anyone reports inside information, then LSE have to delete it and possibly report it as standard? There is no grey area with these matters and it's an offence at the end of the day. And I certainly wouldn't want to repost it.

- There were complaints of share manipulation during the whole process.
- 4 months before being put up for sale, the SP was 60p at one point, with 24p of cash. So the asset was 'worth' 36p
- There were many broker ratings stating 120p-170p, but this had no effect on the SP
- 3 months before the sale, the SP was 70p at one point
- Just before the company was put up for sale the SP was 80p
- Then IIs started piling in, with massive buying
- The SP was 110p even though the other shareholders in the field valued it at 170p
- Everyone argued about production vs exploration
- The sale took a few months and with some counter offers, 240p was the end result.

https://seekingalpha.com/article/4221118-opportunity-natural-gas-and-natural-gas-equities-worth-wait

Interesting times coming?

Well it's a theory Fellrunner, but one that's easy to disagree with given that the CIP distribution didn't happen until late April '18. They had no shares to sell in Dec 17, Jan 18 and March 18.

Agreed Ozzie. Ignoring the A trades all day, there have been just under 500k of normal sells and 1.1m buys...

Indeed JamesParsnips, There are plenty of shares in the same boat. But those who shout loudest want us to believe otherwise for some reason. It's fairly easy to guess why.

I'm not sure where you get your assurance from Mizuno, but to my knowledge, we haven't had any leaks on Sound whilst drilling.

You're going to make this a very long week aren't you Fellrunner?

I suppose if you're out of the stock looking for a good buy-in or simply waiting for good/bad news, this is a great time to hang around.

I was only just wondering today when you'd be back Fellrunner. Certainly an A for effort that's for sure.

Only a couple of points to make as there's nothing gained from arguing about share prices. Though I would be buying everything I could at 12-15p. Those with funds could only dream of a buying opportunity like that, GSA or not.

As your post alludes to re OGIF, they have to comply with legal requirements to disclose. So forget all your bluster, OGIF could only sell 8.4m shares without disclosing. I don't think anyone's too worried about that now, the focus is on TE9. And frankly OGIF selling would make no sense for a number of reasons.

We've seem some pretty wild swings down to 30p and back to 36p. I'm expecting another next week as TE9 TD will soon be upon us.

Finally your note about JP selling knowing the GSA wouldn't be complete prior to drilling, is of course conjecture. You may be right, but to suggest it as fact is wrong.

It's a shame you've resorted to even more personal attacks on the board. I prefer the more well thought out, light-touch posting. Although I suppose those days are gone, we are at the business end now and all the bull**** is pretty much irrelevant unless you're after a trade.

Anyway, welcome back!

Talk of basins has reminded me we were advised at the last fireside chat that they hoped their Palaeozoic analysis would be completed by the end of the October. We are not to expect an updated basin model, but we may be provided with further information. Does anyone know anything more on this point?

Clearly we are all in drilling mode and that is the key right now. But it's fascinating that we are only a few weeks away from Palaeozoic results and we don't know whether we have a few TCF of Palaeozoic potential or much much more.

Many shares are in this position Urraca. Companies that have moved significantly forward, but are sitting on historical lows/trading ranges.

I sold at 140p when the drop didn't feel right and then we got the update. I've held off buying and unfortunately left it too late.

It felt like it's been held down recently and it all makes sense now; A great business that was too much of a target at this price.

The buys for the 1st and 2nd were 600k and 500k. The L2 sell was 845k and was still showing on Friday, so there wasn't a direct correlation between the 600k and the 845k. The order most certainly pushed the price down, but who can say if those buys and the sell were connected. Cynically, my guess would be the sell order pushed the price down to allow those two buys. Once they were transacted, the sell clears. But that's only conjecture. We'll see if the SP rises this week in anticipation of TD next week...

Not too much of a surprise... In the meantime we've had two large buys.

I thought I understood you trellis, whether driven by mood or agenda. However if you really do think Sound is 'dead' on TE9 failure then your are completely and utterly misunderstanding the investment proposition here. Frankly nothing could be further from the truth. I could write plenty but what's the point, you aren't interested either way.

I should break open the wine if you haven't already and enjoy your evening.

I was expecting a push down again today, to try and get some volume. Last time there was too much demand once we got pushed down to 30p. There are some buys coming in, so we'll see what happens.

played not playing...

The reality right now is we're being playing yet again.

Same old story and action eric. The bid was pulled down by taking all the trades out. Very similar to last time when we went from 36 down to 30 and then back to 36... Make the most of it if you can.

JP has stated they don't need to stimulate TE9/10 as they already know what they can achieve from stimulation based on the previous wells. So all they need is a flow rate and they can calculate the stimulated rate with enough certainty.