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Started: ps200306, 3 Jul 2024 16:50
Last post: ps200306, Today 15:43
I feel for you too, sundance. If it's any consolation, averaging down would have cost you a packet more (as it did me) that you would also never have got back. I got mine down to 15p but was up to my neck for hundreds of k by that stage, almost all of it now written off.
Sun,
>20p ouch. I feel your bitterness, but never say never.
I fortunately bought in early, got caught in the hype of holding my golden tickets and averaged down to a SP that I still believe will give me a positive outcome.
I don’t think GL has made a secret of moving on but he would want to so with a personal positive outcome. Perhaps a total take out sailing in this direction.
My average is high enough to not believe it will be reached, my business but you asked and its above 20 but below 30
And no I haven't averaged down mainly because I don't believe GL enough as lets face it this has been traded to death for the past 10 years and financial reasons require my hard earned elsewhere
And no I don't think it will ever get there even if we hit gold down there and the 31tcf is utter b/s and Ps put it brilliantly,there will be 2.5 billion shares by the time this starts delivering,let that sink in 2.5 billion ,GL will be gone this time next year I think or maybe end of next year ,that's just my opinion,only those who have bought in now and have actually averaged down will make a decent return ,the rest as Mr Ps said , its already gone
Sun,
so you don’t think the SP will ever hit your average, even if a drill hits?
So you were confident or foolish to buy in high but not to average down.
What is your average that it will never reach?
Just curious.
I’m enjoying this ride but aware of the risks and potential gains from here.
Excellent breakdown of what's to come .For all the Peskis and dreamers of the same illusion, please read PS's post, as it's about as accurate as it can be and very well written.I, for one, will go like the wind and away at the first sign that the share price is decent enough to make my shrug of shoulders make me feel not so stupid when I sell the lot .It will still hurt as there's no way this will get the sp where that is my average but I am hoping it will give me something
With a possible 31TCF to go after the share price will rebound higher if any drill hits pay.
Even with more shares in issue.
I shall hang around to find out!!
Started: crudehope, 3 Jul 2024 16:03
Last post: crudehope, 3 Jul 2024 16:03
The last day before Purda & I wonder who here will vote & who for? Or is it, mind your own business...
Personally, I think politics needs reform. There are more parties than ever & they are not properly represented. So we need 'Reform'....
Crude...apologies for O/T but we are at a crossroads.
Started: Adam2911, 3 Jul 2024 12:47
Last post: StMary, 3 Jul 2024 15:17
Must be another bl@@dy train strike, eh Soundboy?
Trains goes choo choo kylie75
Haha, sundance/jobs etc, you're so stupid. i post based on fact. take my post this morning for example. i stated the sp had been permanently hammered by the terrible dilution from the last round of funding. it's a simple mathematical fact. someone who got a D or E in their GCSE can work that out and prove to themselves that's a fact. after i posted that none of you morons have chosen to focus on the company or challenge that, ironically all you've done is fill space and time with personal jibes etc and non-debate about the company, supposedly everything you don't like. are you completely thick? check your emails before you send them ffs.
Totally agree
Those that post negative, unresearched information with out holding stock trying to cast doubt about whatever this company's future is for the shear pleasure of causing others possible stress in their decision in my opinion are mental pygmy,s ,not very bright , in dire need of some form of other past time and or are simply straw chewing, cow dung eating peasants. I will listen to both sides to try and figure out where we are but I will be f*****d if I will listen to trolls and cowards so that's why they have been put on the dusty shelf of ignore a long time ago as there is simply no reason to read anything said ,stated,mentioned but these key board warriors with a very small p888s as it all comes from glee at knowing that they catch their crown and get their name on a BB
F****g morans
Is there any point in asking for they/them/their rationale? If you debate their points you won’t get a reasonable considered response.
Better just to filter them and with any luck they’ll get bored and disappear.
Good Morning Kyle
Hope this letter finds you well.
Please, I'm new to this and need some some advise from an expertise like yourself.
Can you please highlight the reasons ( bullet points if possible) why I shouldn't have invested here?
What is your opinion about SOU's existence on AIM by next year ?
Looking forward to hear from you
Your sincerely
J
XXX
Started: Southmead, 3 Jul 2024 11:32
Last post: Southmead, 3 Jul 2024 11:32
Remember this?
This is what SBK-1 will look like :)
https://www.youtube.com/watch?v=hCxHO2w0Zsg
Started: Spencerhughes100, 2 Jul 2024 16:19
Last post: Adam2911, 3 Jul 2024 09:08
Kylie75...choo choo
Who would also post 484 times about not putting their money in here ?
You clearly have a vendetta here!!
Plenty to look forward to.
Drill in ground creates lots of interest.
Remember the SP last time?
Kylie,
Kylie quote: "who the fk would put money in here?"
The more pertinent question if I can be so bold, may just be:
Who would post 484 times in such an angry manner with a share they haven't even invested in?
Another Kylie quote:
".....but any mention of trains and i'll shred it."
Yeah?!! ....or maybe just don't print it off in the first place
GLA all investors here
GLA investors
So where do you put your money then ?
Another lala joker post SB.
Anyway. The latest new Zeus and revised SPA broker notes on SOU lay bare the brutal impact primarily of the last funding round put in place. In a short number of months since the original 4.6p SPA target the impact of the delays on Phase1, the delays on Phase2 and especially, if you do the maths, the impact of the convertable loans, with the full term interest payments due WAP around conversion dates has been utterly brutal on dilution. It's collapsed net ownership and therefore upside on this stock now. The irony is, they are now pumping the stock more in JP style wildcat well prospect manner, having trash talked that for years, as they know that's the only way to get any juice out of the sp. In a world of crypto and AI stocks and plenty of dull, boring yet safe alternatives, who the fk would put money in here? Answers on a postcard please, but any mention of trains and i'll shred it.
Started: goza172, 2 Jul 2024 11:06
Last post: Southmead, 2 Jul 2024 17:40
A very good and well informed interview from Daniel Slater.
Now that the Managem deal is in place, we are just a few weeks away from final approval after all CP's are met.
That in itself will create enormous interest in Sound. It has been a long journey but we are now fast approaching a period of rapid and significant achievement, with regular news flow on the way.
Ignore the haters, worth a listen and I feel more assured now than ever.
https://www.youtube.com/watch?v=cwXDOAzsjvo
Started: Pescado, 2 Jul 2024 16:04
Last post: Pescado, 2 Jul 2024 16:04
* WHAT THE 10.00k OMG.
02-Jul-24 10:15:19 1.015 589,955 Buy* 5,988 O
02-Jul-24 10:11:53 1.015 117,291 Buy* 1,191 O
02-Jul-24 09:54:38 1.018 488,679 Buy* 4,975 O
02-Jul-24 09:54:33 1.01 150,000 Sell* 1,515 A
02-Jul-24 09:15:17 1.018 25,000 Buy* 254.50 O
02-Jul-24 09:12:28 1.018 50,000 Buy* 509.00 O
02-Jul-24 09:11:25 1.018 150,000 Buy* 1,527 O
02-Jul-24 09:07:38 1.018 484,894 Buy* 4,936 O
02-Jul-24 08:28:59 1.035 3,648 Buy* 37.76 O
02-Jul-24 08:16:18 1.037 481,007 Buy* 4,988 O
Slow down, Slow down, they’ll be no shares left the way these guys are buying.
GET IN THERE …at this price amazing.
Don’t Miss SOUND ; BUY BUY BUY.
Started: keeptofacts, 2 Jul 2024 10:46
Last post: keepingitfiction, 2 Jul 2024 14:10
Https://www.marketwatch.com/investing/stock/nvda
Loving the Nvidia investment reference- do you have an average of 1.4p in that as well ? Entertaining for me to post here as well to point out BS posters 😂
Thanks Shrek, will take a look
KTF have a look at Algorand too ... just like XRP i think that has some real world use
Kylie do you care to share ? (boom boom :-) )
Oh, I didn't realise you guys need to make money out of posting on here.
for me it's simply a bit of entertainment when the day job is quiet.
10K Jesus ! You’d have been better off in a part time minimum wage job rather the time spent posting 3,700 times
Started: FlagStaffIR, 2 Jul 2024 08:58
Last post: Tincan1995, 2 Jul 2024 10:32
Well , I’m done here & best of luck with sound to all the long term holders … fingers crossed for you all
Hi
Please find the link to the interview https://youtu.be/cwXDOAzsjvo
To register to receive other such news directly please send email to sound@flagstaffcomms.com
Started: Ducati2, 2 Jul 2024 07:53
Last post: Ducati2, 2 Jul 2024 07:53
Started: Adam2911, 1 Jul 2024 13:42
Last post: Adam2911, 2 Jul 2024 07:48
Big day needed from hm soundenergy
SOU appear to me to have failed to RNS a partial loan note conversion between 1-Sep-2023 and 31-Oct-2023.
The RNS of 1-Sep says "The Partial Conversion reduces the amount owing on the Convertible Notes by £500,000, with £1,500,000 remaining."
That of 31-Oct says: "The Partial Conversion reduces the amount owing on the Convertible Notes by £500,000, with £500,000 remaining."
There's £500,000 missing which does not seem to have been RNS'd. We have partial conversions from Jul, Sep, Oct, and Nov '23, and in Mar and Jul of this year. The conversion in Sep 23 was on the first of the month and might have been notified before Sep. That would put it in Aug calendar month allowing an additional conversion in Sep which looks not to have been RNS'd. (There is a limit of 20% of the original loan amount per calendar month, i.e. £500,000). The total number of shares across the partial conversion RNS's does not add up to the total change in the share register, again suggesting that an RNS is missing.
It looks like the note holder was anxious to convert as quickly as possible in 2023 until Calvalley went sour. Now that Managem looks to be a cert, they are busy converting again. I expect to see another 50m shares issued in each of the next two calendar months.
While the conversion price on the original loan amount was fixed at 2.25p/share, the conversion on interest is at the average of the last few trading days, allowing the interest amount to be converted for ~1p/share. And since all the interest becomes payable (i.e. 5 years at 15% pa) upon conversion (who the hell agreed to THAT?) there is a ton of money to be converted at the cheapest share price. It even seems to be possible to convert the interest BEFORE the original loan amount, to avail of bargain basement prices. Shows that a struggling company can still be a nice little earner if you have the connections and are not the perennially-shafted plebeian type of retail shareholder.
PS your very good at the analysis 👍
Imagine buying a house off pescado 😱
Good summary from i-man. The share price seemed to be actually trying to go somewhere today. Then there was that lunchtime RNS and it fell right back.
Another 50 million shares worth of dilution hits the streets. 180 million since this time last year. And if the loan note holder chooses to, there's another 100m+ where those came from. At the end of the day, the note holder could end up with 15% of the company for their initial outlay of £2.5m. You or I couldn't buy that on the market because the SP would soar, whereas the note holder gets freshly minted shares which actually hold the SP down while they accumulate.
I assume the dire need for cash last year was existential. Otherwise the loan note was just about the gobsmackingly worst deal for shareholders that anybody could dream up.
Maybe oilman knows !!
Zann ..that's a bit harsh.
After seeing today’s rise Kylie got heart attack. Please pray for his/her soul. Ameen.
Money is on the way…
They gave you a price for 2 million shares rather than a negotiated trade , errrmmphhh why do you think that is Oilman what do you think the significance of that is ,I am genuinely intrigued
IMHO, there is no need to pump this. I think we will see a steady rise. Once the deal is finalised, I wouldn't be surprised to see the people in Country make a bid for Sound so they get total control. I tried a dummy sale of 2 million shares earlier and got an offer rather than an NT. Its been a long time since that happened. Good luck to all LTH. Where is Crudehope....
Started: Pescado, 1 Jul 2024 13:21
Last post: Pescado, 1 Jul 2024 13:21
Guys great News Today sold my house & 10k up.
Takes a few months to go through.
This is a God Send.
Deal SOUND ; BUY BUY BUY
Deal in SOUND ; BUY BUY BUY
Thank you SoundasaPound1.
Medi,
If you listen to the Flagstaff link below from about 45mins then John Argent explains this.
Has Graham said, they will be starting with SBK this year then M5 potentially next year? have they mentionned anything about the rig for SBK since Rig101 is not the right one (ref. I-man post)? tnx
A nice post and a really accurate summary of the Managem deal i-man.
Better times ahead now once the deal is signed.
GLA
Nice summary, thanks
Started: FlagStaffIR, 1 Jul 2024 09:16
Last post: FlagStaffIR, 1 Jul 2024 09:16
Started: sundance4, 29 Jun 2024 17:48
Last post: Adam2911, 30 Jun 2024 11:48
Pc200306...I don't have a screw missing .I have 2 screws missing..
And you are who .
Adam2911, I'm convinced you have a screw loose. The train's engine was running LAST Monday, with all passengers on board. Why didn't it leave the station then? (Plus, what sort of train goes "beep beep". Is there a ticking bomb on board?)
🚅🚃🚃💣🚃
Totally agree with soundasapound....get in before Monday.. train is about to leave the station...beep beep
Good post Mr Ps and yes I'm perplexed at why GL is perplexed that the Sp is at what it is . Sound hasn't produced a da** thing yet except juicy forecasts on what they want to happen . Where does it say the Sp rises on want to happen? What GL fails to realise is that this company has been lied to before many many times both with content, schedules and utter b/s so some of that mistrust is still lingering .Until we see the product then no bucks no buck rogers
Started: Pescado, 29 Jun 2024 01:22
Last post: Pescado, 29 Jun 2024 01:22
Kylie75, keep your Old Chesnuts in. Yourpants…..
Don’t forget Monday, get in there fast before the shares start to rise
Don’t by to many though I’m in the process of selling my house to assist in my investments, Sound being one of them.
Jun-24 15:50:57 0.8782 388 Sell* 3.41 O
28-Jun-24 15:48:34 0.8782 1,409 Sell* 12.37 O
28-Jun-24 15:47:17 0.8782 824 Sell* 7.24 O
28-Jun-24 15:16:47 0.9245 63,607 Buy* 588.05 O
28-Jun-24 14:32:23 0.9131 53,449 Buy* 488.04 O
28-Jun-24 14:31:53 0.9131 80,829 Buy* 738.05 O
28-Jun-24 14:19:10 0.9799 29,646 Buy* 290.50 O
28-Jun-24 13:46:15 0.906 1,000,000 Buy* 9,060 O
28-Jun-24 13:40:27 0.888 1,000,000 Buy* 8,880 O
28-Jun-24 13:37:46 0.888 500,000 Buy* 4,440 O
28-Jun-24 11:03:19 0.898 111 Buy* 1.00 O
28-Jun-24 10:59:45 0.89 100,000 Buy* 890.00 O
28-Jun-24 09:39:08 0.866 55,000 Sell* 476.30 A
28-Jun-24 08:37:27 0.8682 18,803 Sell* 163.25 O
Monday SOUND BUY .
Started: Tincan1995, 28 Jun 2024 15:31
Last post: keepingitfiction, 28 Jun 2024 15:49
Don’t think so Tincan - it’s all about the SP and watch that flat line at best. Look a the SP history and compare it with premium bond returns !
Haha…oh that old chestnut Tincan, haha. Sounds a little stretched to me. Why would they do that? They’ve just gone through a detailed DD process, taken over the largest % of the key SOU asset, you don’t think that permutation might have come up during the negotiations perhaps? (Laughing uncontrollably emoji)
Won’t surprise me if our new friends start buying shares at this price & then go for full takeover
Started: keepingitfiction, 28 Jun 2024 15:26
Last post: Shrek4445, 28 Jun 2024 15:44
What about what i said is *****e ? .. im happy with my investment or i wouldnt be here
Im still waiting on Kylie to say where they have their hard earned at work ? that could be aim, a boring index tracker or in premium bonds ..im genuinely interested in what they have
what a load of ****e - and people like it. it does make me smile when they do that for no good reason and reminds me of trumps maga fans if only there were an iq test to qualify as a poster here 😂
Started: kylie75, 28 Jun 2024 13:37
Last post: ps200306, 28 Jun 2024 14:55
Yes, good presentation. Graham was at his least shifty for some time. A few things I noted:
"Why didn't Calvalley close?" -- Graham evaded the point more or less completely. Later in the Q&A, "what happened to Calvalley?", Graham's response was "you'll have to ask them". MIAOWWW!! I don't think we're ever going to get the lowdown, but I would hazard a guess that there is no love lost there. Probably Calvalley tried to squeeze SOU because they had them over a barrel. And the squeeze might well have worked if you look at the lower asset share under Managem (despite Graham somehow claiming Managem brings greater value). I do agree Managem brings more certainty.
"The new deal is a simpler arrangement" (i.e. the buyout of SEME). Agreed.
"Are we now passengers?". Graham said we "still have an element of control". I think one has to be realistic. Managem own the whole shebang. SOU brings some expertise but everything will quickly transition to be under Managem control. So yeah -- we're passengers.
One excellent tidbit -- Managem pay all of the Schlumberger share (or negotiate something else with them as mentioned in the RNS iirc).
Note to self. Phase 2 revenues worth £18-19 annual EBITDA to SOU. That's not a big amount (when you divide by 2.2 billion shares). Those future cash flows are ultimately what set the value of the share.
"Aren't we running on fumes?" ... GD reiterated about the back money from Managem but I suspect the question was what about the immediate NEXT three months, which I'd be interested to know too.
There was a casual mention of something I would really like to see -- sort out the bond asap. GD says the bond repayment can be made from Phase 1 and 2 revenues "with a fair wind". Yeah, well SOU hasn't had too much of fair wind, in fact the only wind they've had has shut down Phase 1 development for weeks. This is bound to be an area of uncertainty going forward. As GD says, there is a 30% discount off the bond face value if repaid this year. With SOU's financial future more secure it might be possible to refinance from elsewhere. Even the 30% discount is unlikely to offset the likely higher interest environment (bond currently at 5%), but it would remove a big element of uncertainty.
We've been talking to "multiple people" about Sidi forever. October deadline for seismic unless it's extended. Gonna be a long time before SOU has funds of its own for development, so at the mercy of strangers as usual.
Interesting to hear that the rig being used for the workovers could drill M5 (but not SBK-1).
Graham is as nonplussed by the share price as some of the folks here. Try sticking to some schedules!
Yes - you’ve caught me out !
Or have you accidentally just answered from your other account by mistake with the "...is that all you can ask" comment :-)
With SOU what will be will be ... im happy with my investment .. i want to know what the oracle has their money in ! so i can learn and try to reach the heights of Kylies wisdom
Christ - is that all you can ask ?
Started: Ducati2, 28 Jun 2024 08:53
Last post: John121983, 28 Jun 2024 12:10
AGM presentation, RNS, CD, DVD, USB…. IDGAF. Show me the share price that’s what matters.
At least Graham can’t do as badly as Biden last night- or could he ? There could be a great Sound AGM bingo game later for the old cliches 😂
Will the pay outs be quarterly. Yearly or monthly all these are future factor
One quick question when the pipe line is completed and the LNG is flowing when will be paid out 27%/20% cut and is that cut gross is it tax paid . Is it net payment once their costs are out or do we get cut and the pay our potion of costs
Started: Tincan1995, 27 Jun 2024 10:44
Last post: SoundasaPound1, 28 Jun 2024 11:50
Ps200306,
Yep, both of your posts noted and fair.
I should only really base it on the 2.4p which is only an SP increase from here being140% .
I really don't want to hype this, like yourself but will offer a slightly more optimistic take from time to time based on the way things are now heading in the right direction for Sound (regardless of the hue time delays).
Graham has been questioned at at every step of the journey and rightly so, but boxes are being ticked, albeit far slower than anticipated.
SaaP1, saw your further note. Just to clarify about the 2.4p vs. 3.1p vs. 3.2p etc.
The headline target price in the SP Angel note is 3.1p. That's composed of 2.4p of core assets less debt, with a further risked upside of 0.2p and 0.5p for SBK-1 appraisal and M5 exploration.
The 3.2p for core assets that I'm using is the derisked value that the market might eventually nudge toward when Phase 2 is firmly under way (although I don't think it *is* risk free because of the interplay of development timing with SOU's debt schedule).
SoundasaPound1, my last post crossed with yours, don't want you to think that any reference to "charlatans" was anything to do with your prediction. The sort of justification you set out is just what we need.
"The company core value has been identified at 2.4p - which is 240% of what the SP currently sits at"
Yes, but only a 140% *increase* if I may be so pedantic. I do think it's possible that when the Managem deal is closed and Phase 2 FEED and FID are done you might finally see a climb up toward that. Investors are not stupid (not all of them anyway). SOU's timelines have been a disaster under GL's tenure, and everybody is sick of hearing "it's not going as fast as we'd like". That's why I think you are seeing a "show me the money" attitude in the market. Adherence to some sort of timeline would instil confidence.
"I truly believe we are likely we see a 200-300% increase in the SP for here within the next 6 months."
So now I think you really mean a 100-200% increase. I'm not going to totally disagree with you. I think it will be longer. And I think it will need some firm drilling dates to be announced. It will also need some investors willing to take a punt on drilling success. But then, AIM investors have always been looking for the elusive multibagger. If M5 was a roaring success it could double the value SOU's core assets. Is that enough to set the market's hair on fire? I dunno.
Apologies.
'The company core value has been identified at 2.4p - which is 240% of what the SP currently sits at'
Meant - from 3.1p - being 210% of current SP value
Adam2911: "Stay strong lths.dont listen or take notice of kylie and their crew.remember why you invested in the first place.stay strong.our day will come sooner than later."
What is this, the veteran share holders' self help group? It was listening to rampers like you and Parsons that got most of us into a mess in the first place. Nobody should be listening to any randomer on a bulletin board. The SP Angel research note is what people should be paying attention to, nothing else. It gives you basic ideas about core assets, when they're likely to be realised, drilling prospects, and debt. Forget about any past glories -- there was a time when SOU management told you that the Tendrara asset on its own was worth 27p per share. That's now 3.2p sometime in 2028 or beyond. You can make up your own mind on the level of potential further upside, and develop your own theory of when the market will react to what you think you know.
One thing is certain. Anyone on here telling you the share price will be X amount after Y time without providing a justification has just plucked the number from their back orifice. Not naming names, but there are certain charlatans who do it on a weekly basis.