Sound Energy Share Discussion Threads

[b33661] 21/10/2022 07:32

Down the plug hole. This stock is a gonna now. No progress, creeping very poor news in RNSs now, drip drip. Graham is terrible now, no progress, nothing positive, blame others / external factors that are now 12-18 months past. There's no value here, no sign of strength and we're negotiating phase 2 in that position. I'm out.

[b33661] 23/9/2022 17:01

Draw a line on a chart from 2016/17 to today, look at the direction and scale of the change in share price. That's merely a function of the delivery and performance of this company. It's down down down, and still is.

[iceagefarmer] 20/9/2022 12:04

sound will be producing gas before this tax bill gets settled so i wouldnt worry about it..thats why im loading up at this ridiculously low price..

[allinforabigprofit] 16/9/2022 11:55

More at https://www.malcysblog.com/2022/09/oil-price-sound-igas-longboat-reabold-uog-and-finally/"There is no change from the fiscal risk and situation of a year ago and the tax case is now likely to go the full course through the courts which could take a year or more. All for a dormant Moroccan company with no assets and no recourse to Sound plc in UK. "No assets, and no recourse to Sound Plc UK. No one has taken away the LNG plant, no one taken away the gas to that plant.

[hsfinch] 16/9/2022 11:42

I agree. In fact I said something similar below. But why doesn't Sound stop digging a hole for itself, climb out and make peace with dem Moroccans before its too late?

[b33661] 16/9/2022 07:10

Why would they agree to that? Just let SOU go bust and give the licence to a company that's competent enough and has the funds to actually get the phase 2 moving. That is what's happening and that is what 95% of investors here are too frightened to admit

[sheepshagger1] 15/9/2022 19:11

From malcys comments he thinks it is the end of SOU

[b33661] 15/9/2022 18:28

Looks like Malcy knows this is curtains for SOU too. See his post this afternoon, for a once supporter it reads like he admits the end is nigh for SOU

[2figaro] 15/9/2022 14:00

Why should it bother you ?

[inversi0n] 15/9/2022 13:13

Bankruptcy some Moroccan minister will take the assets.

[b33661] 15/9/2022 11:07

I suspect the company will be forced to make a statement soon. No way the 22m usd can be paid now, it's game over rover

[b33661] 15/9/2022 11:02

There we go....0.92p trading, next stop 0p

[b33661] 15/9/2022 10:59

We're going sub 1p very soon by the looks of it....

[allinforabigprofit] 15/9/2022 09:44

The statement from GL, lays out in simple language the company's view this view is supposedly a mirror image of the legislature's written structure. What we haven't seen is the route these "local" officials arrived to claim an amount that does clearly sink Sou?If Sou does holds a winnable case then the no win no fee legal eagles eventual arrive. Check AST they are making significant progress in their dispute.

[kwizza] 15/9/2022 08:58

Commenting, Graham Lyon (Executive Chairman) said:

"The Tax Authority continues to frustrate the Company's progress in Morocco, detracting its efforts away from satisfying the Moroccan need to provide gas to its power stations. One of the attractive features of Morocco from an industry perspective is its investment promoting fiscal code as laid out with the Hydrocarbon Code. This includes a 10-year exemption from corporation tax for upstream producers, as well as clearly defined import duty and VAT exemptions. With Sound Energy deep into its micro-LNG project development and on the cusp of sanctioning a large pipeline development these distractions are jeopardizing their successful undertaking.

[telbap] 15/9/2022 08:40

I would say the government their will keep stick and carrot if sou so they rinse every last cent out of us to develop the site and as much of the infrastructure as possible before delivering the killer blow. Watch the sudden backdown on the debt they say we have now, then more equity raise, pipeline built, LNG plant installed, then wham, 50m tax bill and good night!