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"It's only those who bought at more than a few pennies that can be fairly well guaranteed to never get their money back."
Too true unfortunately. I'm hoping that about half or just under half my original investment will be returned over the next year or two. But I'm not holding my breath. Difficult not to look back in hindsight and think if I'd sold at Sound's peak in 2016 and invested that into a non-risky crypto like ETH (well, non-risky as far as crypto gets) then I'd be a multi millionaire by now, fully retired about 25 years ahead of schedule and living a life of luxury. In fact I've calculated that I would have made about £31m by 2021 (insert monkey with hands in front of eyes emoji).
Just goes to show that time travel/going back in time is not possible and probably will never be possible, otherwise I'd have done it by now! (as in my future self). Oh well, it could be worse. At least I don't live in North Korea.
Pleased to hear that Joey. In that case I plan on getting my mansion and Lamborghini before the end of the year. I'd recommend all other posters start making similar comments so we can get the share price back to near £1 (why not beyond?). Wish we'd known that's all that was required, 70+ posts per day on here from anonymous private investors, most of whom are holding relatively small volumes.
I hereby am stating my intention to take part in a bit of space tourism next year. Yes it's expensive, but Sound is going to the moon so long as we all just keep saying it repeatedly. I'll have plenty of money to give to Elon or Jeff to reserve me seat. Big relief to know my early retirement plans are also back on track since the share price is 100% affected by this discussion board. Can't wait to see the multiple x increases starting Monday. Come on folks, let's get the share price back up by posting our positive comments!
Hope you're right too St Mary. Although I have a tendency to dwell on the past with a generous helping of pessimism (there have been plenty of meet and greets, investor forums, conference calls etc over the years where positive news beforehand was legitimately expected but not delivered), would you agree that something 'feels' different this time? Far be it from me to start predicting immanent and lasting material gains, knowing my track record predicting our SP movement I wouldn't dream of giving it the kiss of death, but GL just 'feels' like a safer pair of hands for me. I won't make comparisons with he who shall not be named as the differences are striking and obvious to everyone and does not require my comments. But overall, besides the more sensible stewardship from GL, the broader economic situation and what looks like actual cooperation rather than hinderance with the authorities (hence the recent tax settlement) give me....dare I say it....optim....nope, still not going to say it! GLA
Hope you're right rubber.saul we're all well overdue some good news with a positive and *lasting* impact on the share price! Tendrara has huge potential and gas is certainly in high demand, especially with the situation in Russia/Ukraine. The Moroccan domestic market is also energy hungry. Everything *should* be working in our favour with mutual benefits throughout the region.
Is that a question for me KTF? If so, I invested here a long time ago (about 12 or 13 years by my count) in the hope of making lots of money. During that time I've seen astronomical highs and bewildering lows. Had genuine early retirement plans only for those hopes to be dashed in cruel fashion. In anticipation of your next question, no - I did not risk more than I could afford, I'm doing just fine thanks. Still relatively young, in good health, financially secure and all that good stuff. I wonder whether 13 years or so experience with this share puts me in a good place to comment?
Since my early retirement plans went the way of the dodo, I've retained my holding here because I still have an underlying belief in the asset. There is value in Tendrara for sure. Unfortunately events have unfolded in a way which means I might get my money back or make a modest profit at best. No point selling at these lows and still retain a keen interest in the performance of the share price for obvious reasons. Hope that satisfies your curiosity.
Straight question - am I (or anyone else for that matter) 'allowed' to express my opinion on this discussion board? You know, the place where people are meant to *discuss* things? Am I allowed to express my pessimism? Even though I regularly remind people I'm usually wrong about my predictions? Or is this board exclusively the domain of those with unfettered optimism?
That's what we're expecting, but expectation vs reality with this share is never straight forward. I hope we'll get a great update about the project funding and moving forward at a rapid pace tomorrow. We might even get a Major farm in partner on very favourable terms. We can all dream. More likely is that we'll get an update about a further delay with a hint of positive news included, so the share price only drops by about 1% rather than 10%
I think it's mainly because the potential for transformational wealth was well and truly within touching distance off the back of the TE6 and TE7 drills. Yes, much of that was hyperbole from Parsons (£10 won't cut it etc) but it was something like an 8p to £1 rise in price over a very short period. We were then told 'whatever you do, sit on your hands [and resist selling], only to see a somewhat sharp decline.... But not to worry, you see the price is underpinned at 40p or there abouts.... actually no wait, make that 21p.... oooh hold on, we've got a bit from an unknown mysterious buyer. What that? You want to sell to them? Too bad, they don't actually have any money and now your shares are worth 2p. Yes they are still undervalued at 2p but any rise back to 4-5p and guess what? Max dilution here we come! So now there are so many shares in issue that those who bought in on the way up to the highs (due to a huge slice of lies) can never get their money back unless they take another big risk at these lows. Those who managed to get in at the relative lows before the big rise (and topped up while thinking £10 won't cut it) can maybe hope to get their money back or at best make a modest profit which is nowhere near the transformational wealth promised.
That's why there is so much bitterness and resentment that will never be forgotten or forgiven. Why do people still go on about it? Because many of those people thought they had hit the jackpot only for it to be snatched away. A bit like that lady in Vegas who 'won' something like $4m on a slot machine, only to be told it was an error and given a steak dinner as compensation. The steak dinner was probably very nice and all, but it's hardly the stuff of dreams.
So no matter what GL does (and for the record I'm more than satisfied with the progress he's made considering we were close to folding entirely), whatever he achieves will always be tarnished by the previous broken promises and shattered dreams. That will always inform the sentiment towards this share. Not saying that's right, just saying it's an unfortunate reality.
Hoping this isn't yet another buy the hype, sell the news event. If being a Sound holder has taught me anything over the years, it's that 95 out of every 100 'operational updates', 'funding', 'new agreement' etc is almost always met with either a big decline in share price or other anti climax drop/slow decline. It seems that this share is incapable of sustaining any big gains without a 'much better than expected' result at the drill bit. Nothing else seems to matter. I can't think of any other occasions where there have been material and (at least somewhat) lasting value added. That's the bad news.
The good news is that I tend to get every single prediction about this company completely wrong. So by my own logic, we may be in for a pleasant surprise towards the end of the week. One thing is for sure - if there are no material updates or positive actions, fully funded, which result with Sound actively generating income within a reasonable timescale, then I think we can write this one off once and for all.
Heard it on very good authority that James Parsons is set to make a return as CEO shortly. Personally I'll be sad to see Graham go, but here's hoping Parsons can sprinkle a bit of his hype magic once again so I can exit at a semi decent price. Apparently the bond holders are also determined to get JJ back into the fold as well.
Hope so KTF. I think the company is undervalued already based on existing discoveries, never mind potential exploration. But the real acid test, the best indication that the 'tides have turned' would be an objectively positive RNS which isn't followed by the usual plummet in share price (for all the wrong reasons). Without trying to sound too much like a Lord of the Rings quote, it's time this company 'becomes what it was born to be!'
Much better than the usual substantial drops for no reason. Come on GL, give us the news we want! Farm in partner on favourable terms, aggressive drilling campaign to begin so soon we're taken by surprise, concrete pipeline developments, outrageous tax bill scrapped by Moroccan authorities.... we can all dream. Not another pump and dump/buy the hype, sell the news scenarios please!
JoeCreed with the kind of rise we've seen today, I'd have expected it to be a reaction to 'preliminary talks' about a farm in - or something like that. We know it can't be anything certain at this stage otherwise it would have required a substantive RNS. So what do we know? Nothing unfortunately, and as happens time and time again on AIM listed companies, retail investors are absolutely guaranteed to be the last ones to find out. If the winds have truly changed and some good fortune is *finally* coming back round in Sound's favour, whatever decisions/actions which have taken place to that end will have been made long before we'd have the opportunity to optimally benefit.
For a long time I've been convinced that Sound is deliberately being run into the ground in order to facilitate a change in licence ownership/restructuring where the retail investor is simply cut out (company goes bust) but all the 'powers that be' find themselves back in control of a new company with the resources to exploit the gas already discovered, not to mention the wider potential out there.
But if we do end up getting some good news then It's possible that all along the actual goal of the 'powers that be' was to destroy the price in order to pile in at near rock bottom prices, timed for when the market demand for gas re-emerges. We may be in that time now. The good news is that we might actually recover to a respectable share price in the long run. I would previously have encouraged everyone to 'sit on their hands and hold on to those golden tickets' - but on reflection, that would just be criminally reckless. My plan/hope is to get out at somewhere near my average. Best of luck to all you fellow long time sufferers, goodness knows we're due a change in fortune!
I'm inclined to agree. Can't believe Sound made a huge commercial discovery in 2016 and yet 6 years later, there has been no substantial progress and the entire company has lost about a billion quid in value from its peak. Sure, its peak was likely overvalued, but there is no excuse for the current share price. None at all. Of course the vast majority of the problems were not GL's fault, but I think the scale of the problems are now beyond the help of anyone.
I don't think there is any way back, I'd say at best there's about a 5% chance of this turning into something positive. I'm not selling because there is no point. Might as well gamble on that <5% otherwise I'd only be taking out a sum which changes nothing for me. This isn't a big criticism of GL, I just don't think anyone is capable of rescuing the situation. This may as well be a meme stock. Any solution GL might come with to solve our various problems will be countered by the 'powers that be' and yet another barrier to commercial success will be erected. Eventually Sound will be out maneuvered and our licence will come under new ownership. At that point Tendrara will undergo rapid progress and those privileged to take up the project will make eye watering sums of money which should have been yours and mine. But not only will you not realise those profits, our invested money will effectively have been dumped into someone else's pocket. This amounts to a legal theft, but a theft nonetheless. Nobody cares either, there is nothing we can do to get our money back. As lyndon says, your shares have the same value as a dead horse (maybe less actually because a dead horse can be turned into glue or horse meat which could be sold for more than nothing, So lyndon's dead horse comparison might be an overvaluation).
Just a thought - if we're on the cusp, and a major partner with deep pockets is close to a deal, the kind of international company who have been making 'record profits' due to the recent astronomical gas/energy prices, who nonetheless would rather pay a modest sweetener to Sound/the Moroccan tax authority to get the deal over the line and would be effectively using that money for their own interests rather than being taxed in the UK or another country where there is political pressure to reduce the major's profit margins through tax in order to pay for the higher costs to the customers? (whether that policy is fair/will work is another discussion).
If I was in charge of that major/farm in partner I'd be thinking a large contribution to Sound's bill could get the deal done and would be small change in the grand scheme of things once Tendrara's billions are unlocked. As I say, just a thought!
Without getting too conspiratorial, I'm beginning to think it's all entirely deliberate and by design. The sovereign debts are so far gone they have become more of a concept than an actual debt to be repaid, which will not and cannot ever conceivably happen. Persisting with the current system will only lead to huge inflation, destruction of pension funds, mass strike action, civil unrest, all just the beginning. So why is it deliberate?
The 'powerful', the 'elites', whatever you want to call 'them' only have power and influence based on their wealth in the first place. So why would the most powerful and wealthy people who run the world destroy the system upon which their power is based?
So that it can be replaced by something else of course. Something which 'they' will have total control over and something that will be impossible to ever counter. A system based on technologies which will have a scope and scale of power far beyond anything we can imagine. A convergence of CBDCs, facial recognition, tracking and eavesdropping via smartphones and virtual assistant technologies such as Amazon's Alexa etc. Combine this with the emergence of strong AI/robotics among other things (biological/non biological interfaces like Neuralink) and what you have is a world with zero privacy, zero free speech, zero dissent - otherwise your social credit (which has replaced fiat currency in the form of UBI payments) will be removed from your account leaving you penniless, followed by compulsory attendance at a re-education camp. Absolute totalitarianism. Only the 'elites' will be unrestricted and have unlimited credit.
Net zero policy is a bridge towards destroying the global economy and achieving this goal - if all industries and business cannot power themselves than none will be able to function. Solar and wind cannot meet the demand no matter what. It's impossible. Nuclear can replace all power for stationary things like houses and industrial buildings but of course the environmentalists vehemently oppose this solution. (Why? The problem with nuclear is it doesn't demand the radical remaking of society, nor the fantasy of harmonising with nature. All it does is grow societal wealth and decouple the economy from pollution and environmental destruction. So no wonder climate activists hate it so much.)
Sure there is plenty of gas in the ground, Sound have loads, but it won't come to market anytime soon if 'they' get their way.
Anyway, enough of my ramblings. Night night everyone.
Hope you're right ericnat17. My concern is that we are now in a situation where everything *should* be extremely favourable to Sound. When progress *should* be very easy (in comparison to the immediate post Parsons era/approaching the last licence renewal date). So why is that a concern? Because if it's not sorted soon I fear it never will be. Very high gas prices/demand, situation in Ukraine, tax situation very manageable in the long term (assuming all other income streams go to plan) etc. If it's not sorted this time, when will it be? I'd say probably never, or only by a different operator.
Despite positive words from GL in the conference call 'everyone wants Sound's gas' - or words to that effect - I am once again at my wits end with this share. The good news is that Sound have a habit of pulling something positive out when I'm about to completely lose my sanity and give up all hope. So who knows? There may be something good in the horizon! GLA
"It is hard to understand the recent share sell-off and the current rock-bottom SP"
Entirely correct, i-man. The whole thing makes no sense, which is entirely in keeping with how this share has been performing for as long as I can remember. The share price a year or two ago (losing track of time as each year merges into the next) was about half of the current price, yet at that time there was a very real danger that Sound was on the brink of folding and going out with the meekest of whimpers.
So it's bizarre that the progress since then has only increased the share price by such a relatively modest amount, especially when the share price was around double today's price not too long ago - when there had been less progress, certainly, and direction about our future. Do not expect to be able to gain logical insights into the share price movement. Logic does not apply to this share. All that matters are states of excitement or despair, which themselves tend to emerge during periods of irrational sentiment when nobody knows what's going on and can only speculate.
KTF I completely agree that yesterday's news *should* have been reflected in a decent rise in the share price. GL has made many positive steps since taking over as CEO. Since his take over the market conditions have also tilted favourably in Sound's favour - higher gas prices, increased demand, the situation with Russia.... Almost every variable I can think of paints a much brighter future for Sound with GL at the helm.
Yet, to absolutely no long term holder's surprise, positive news was met with only a fleeting rise in price followed by the usual quick drop and negative finish. Of course there was no logical reason for this - but that's exactly the point - the Sound Energy share price is not bound by the rules of logic and seldom follows any logical expectation. Since I've been here (10 years+) the share price has gone up on good news, down on good news, remained stagnant on good news. It has also gone up for no reason, gone down for no reason, remained stagnant when nothing was happening. I don't think it's ever gone up or remained stagnant on bad news, but it has plummeted on bad news. This is why I think you sometimes find yourself disagreeing with LTHs on here - what you say/your positivity often *should* be correct. But experience tells us over the years that even the most positive news/comments/analysis ('£10 just won't cut it' etc) will only lead to a substantive/material gain if you manage to time your exit well and resist the instruction to 'sit on your hands, whatever you do' I was foolish enough to believe when JP was basking in his glory.
Essentially nothing will lead to a long term sustainable raise in share price until the planned 3 well programme. Assuming there are positive results from that programme, obviously. Until then be prepared for volatile swings all over the place for no reason. You won't be able to explain them, nor will I. Nobody will. GLA