Sound Energy Share Discussion Threads

[geoffmanana] 06/7/2017 09:55

I'm back in with a modest 40k at 47.95p.

[steelwatch] 06/7/2017 09:41

Buffy
- sure, but not the take-up 🤓

[telbap] 06/7/2017 09:39

Buffy.....why do they need to cash raise? Thought they were very liquid

[ngms27] 06/7/2017 09:37

The rig won't be idle for 6 months but might be for two or three.They will likely go for a reentry or potentially a red roll of TE-2 where they have Seismic though poor quality

[p_j_s1] 06/7/2017 09:24

ngmsI can't see the rig sitting idle for six months. Why the haste in pulling out of Sidi? I think we will see drilling, hopefully at Tendrara, sooner rather than later, after all JP of all people understands the importance of keeping the plates spinning.

[jacksonpollack] 06/7/2017 09:13

How come they haven't released the usual comedy RNS companies give out when the share price moves significantly? (We know of no reason for the resent share price movement.) or is it that they know the reason for the huge downward spiral? It can't of fallen so far just because of one resent duster, there must be something else.

[buffythebuffoon] 06/7/2017 09:10

Steelwatch, the OO will be at 32p and they are looking to raise approx $5m, so you can roughly work out the terms I would have thought.

Buffy

[ngms27] 06/7/2017 09:05

Dodge Meister,Meanwhile in the real world...It's exactly what I've been saying. The value will not be outed by a grav/mag survey followed by seismic which JP is still preaching.The value will only be outed when the drill bit produces commercially accessible gas.Even doing the seismic piecemeal it's likely to be at least 6 months until we get the first chunk of something potentially drillable.JPs liquidity event in 18 months is a dream, it won't happen. In the meantime he'll do other deals and raise more capital in my opinion.He should have listened to me, not drilled Badile, dropped Sidi rather than empire building.

[dodge meister] 06/7/2017 08:25

This is all very normal for an exploration company. A burst of enthusiasm on the find, a pull back on profit taking and concern about bringing it to market, next step is up as the asset gets proved up with a delivery plan.

[manics] 06/7/2017 08:24

These Golden Tickets turned out to be for one way, up the chocolate river.

[kevjames] 06/7/2017 08:16

This will turn at some point, the question is what is that point? I didn't forsee a fall to this level, so I will follow the trend carefully.

[highasakite] 06/7/2017 08:15

Market cap is still £380 million.

Utterly ridiculous.

Huge downside still.

[hal5] 06/7/2017 08:13

Go ahead and prove it!

[highasakite] 06/7/2017 08:09

Fair value is 17p

[steelwatch] 05/7/2017 23:43

tel - just bought into the HUR story @ 32.5 on Friday and intend getting whatever the entitlement is in the OO +. Continue holding here on way better than free carry :)))

[manics] 05/7/2017 20:56

In 3 trading sessions, JP has gone from being able to see through thousands of metres of geology with his naked eye, with blank cheques from each of the majors hanging out of his back pocket (dated 2017), to a "snake oil salesman".

Remarkable reversal of sentiment!

[kevjames] 05/7/2017 20:35

If it continues to fall I will also sell out completely - ultimately the senior management are shareholders ( JP has 1.6 million) so they have a vested interest is promoting the assets. Sadly, I think this will be a mess for a while and in todays era it is simple to sell out and re- enter if a better opportunity presents itself. Additionally, shorters can and will wreak havoc and social media and Bulletin boards can spread fake news. The Sound team needs to attract more institutional investors not private investors as "golden ticket" holders. The company has great potential but the shine is now off and some serious work is required to win back confidence in the overall business. Clearer and more substantially worded RNSs would help, rather than the ambiguous efforts of late and no silly hashtags!!! GLA

[ngms27] 05/7/2017 18:38

A well known poster on LSE who's been on the trips says that the 9TCF quoted for Sidi in the Tagi/Paleozoic is not accessible from SOUs permits.It is however on the permits where Luca has visited the data room for so looks like JP's thinking about further dilution with another deal of some kind. Glad I'm materially out for now.

[luckyman3] 05/7/2017 17:42

Sidi will produce tax free income this year which will help.
Meantime Tandrara awaits.