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Because they would be using sounds own money to pay for their investment and because once there is income there is a saleable asset not just a bunch of paper promises and none producing pipes
I'm no expert but even I'm starting to lose faith out CEO is an Oil Man in one of the interviews last year he production of LNG by Jan and that's 70,000,000 income
I'm no expert but did a little research last year and the shortest time scale for an LNG plant was two years or next January. For an expert to admit this now makes you think . And I still think that Calvalley will not invest a penny till the gas is flowing
The trouble with all this waiting we as share holds just seem powerless all the time, it’s so evident that business is run now just to keep the lights on so they can get their next pay check. The attitude is we are committed our money spent and long gone and no way to get it back but just hang and hope..calvalley have deep pockets because their not stupid and they will only release their money when they see lng produceing . The lost update from Graham he let slip into income till the end of 2024 so just more dilution on the horizon and no updates apart from pics of the plant. On the positive side we’re. Not dead yet
Well they have had the last 250k if it’s money to keep the lights on we have about six weeks left based on old burn down calculations or if it money for final bits for the plant. As I have said before I do not think calvery will sign a thing until the micro plants is pumping and most research I have says it’s 18 to 24 months for a plant to do this I see no income till after June probably November time
Phones can be redirected and since I’m out of pigeons, you never know a shopping trip and a quick pop in … who knows what you pick up
Just for though what wound happen if you went to their offices in London as share holders we are the owners, right surely we have the right to inspect our company and interview our staff. And generally see if some one is actually still working
We will see ?
Roll on 2024 nothing will happen now till the new year, the pipe deal is a pipe dream at the moment . So back to boom or bust doom and gloom what will be will be.
I have been saying the same thing for years now it Sound survives we will get something of something and if Sound does not we have blown a small fortune.
So roll on the new year on the sound knowledge that the lng plant will be on line about q4 2024 and our pipe line will still need fFDI and be on track for 2026/7 and our share base will be about 8 to 10 billion shares.
Happy new year
Yes I have just read the rns 7.06.2018. And yes two ways to read it, 1 , parsons was ready to go or 2, he was bending the truth like a boomerang, , Graham, may be putting Company first and his pay packet, but the Company is still going so there is some hope., let’s see what the next four months bring
I take this as good news they now have money to pay for the shipment of the lng components
I Notice your the only one disagreeing with
Just looking at the drone vid posted yesterday I like tie idea of our progress but the vid itself looks CGI generated.
And that upsets me because it makes a lie surely a real time drone vid would have been cheaper to produce.
I'm hoping it's just the bad picture quality on my phone
Where can I find this tweet of every one in the room
Does any one know how long this soft road is and or the approx delivery time of a tanker to client
Well I was hoping that the announcement of the phase two deal would start the rise of Sound’s share price but due to past performance with dead lines this could be months away. There I hope the next real jump not a pump and dump should be when the the final machinery units arrive and are plumed in. I mention something similar to this a couple of posts ago and some one shouted that these units are being put together in Italy and shipped as finished units just ready for installation. So I recon these unless told otherwise should arrive late December/January and that’s when we see our 4 p and 5p shares
Some times you have to believe what your told in business even th thought it entirely horse s….T
Hi been around a few years now with this share . And on the subject of dead lines Sound does not hit them never does usually a a couple of extra weeks here a couple there . Our progress is being lead by little men in little offices with little minds who will do anything to prove their self importance and preserve their own little empires.
However I have gone on line and Done a little research on micro LNG plants which take two to three years not one So I wonder if we were just given date just to keep us in line. However after doing a bit a research I can understand why it’s two to three years
I know it’s not Morocco but I found a huge report made in 2020 about LNG in Tanzania and what’s need,
The other point raised by my research is that Sound as a Company is about the size of a Pea on a huge 1000 seat dinner table so even though we have great relations with the government they will do us the favour apportioned to pea.
Yes I know we have licence over an area the size of Wales but until we find something viable all we have is sand .
Yes in the mid term next three years we have great potential depending on a lot of things falling to place and ithats the problems , things have to Fall Into Place this what is keeping the share price low. Yes use the next two years to top up because if it does fall into place we could become a very juicy main course that a 1000 eaters want at bid table
What is the leak on Calvalley
Not surprised they did say not so long ago they had cash till the end of July and it’s the end of July and so they need cash for Aug , Sept and Oct. Can any one remember what sounds cash burn per month
LnG I presume the next up date from Sound should be the arrival of compressors and pipe or at least the confirmation that the order has been made and machinery is on its way with an arrival date and that erection team is also arriving on such and such a date together with any fencing needed for security
this for me would be a very positive post and should be in the reals of what the company can give out