Sonoro Energy Ltd. V.SNV

Long Road

[MJB4231]

Looks and sounds like if no update to a resolution tomorrow we will be in a legal quagmire im speculating. See u in the New Year

[copperplay]

  these clowns are making this a long road.  They announce just about anything at this point with new direction the stock moves up 3-4 times current levels  Like is said before they are Choosing to do this and waiting on Selat...  

[StratCap]

  Maybe waiting for their tax loss to crystallize for 2021. The insiders timelines are not the same as our timelines. I dont see anything happening with any significance before the calender strikes 2022.  

[copperplay]

There must be a press release regarding the loan due  I have no idea why the largest shareholder in SNV is allowing this nonsense to continue 

[copperplay]

Has tax loss selling started?  No way we see 1 cent is there?? Well done David Kirk 9 months on the job and only lost market cap 

[happyInvestor1]

man. theres only 6 sellers and this is just few bucks $2790 and were back at 4 cents 17 890 000 0,02 0,025 64 000 1 8 827 000 0,015 0,03 20 000 3 8 840 000 0,01 0,035 17 000 2 4

[StratCap]

  Go for it.

[happyInvestor1]

here you go.. 2 565 000 0,025 0,03 20 000 3 16 840 000 0,02 0,035 17 000 2 8 827 000 0,015 0,04 475 000 8 8 840 000 0,01 0,045 135 000 5

[StratCap]

  Keep going. Let me know when you hit 10% ownership. The company could use a new director such as yourself.

[happyInvestor1]

Thanks buddy. I spoke with Richard W. the old CEO a few times back in the Iraq project. Got burned pretty bad at that time. I exchanged email with Dean. I still believe in them. Remember Bankers petroleum from 2 cents to 5$ a share in a week. Lets touch wood!

[MJB4231]

Sounds Rosie but let's keep it real please. Can't even give consideration of a comparison... Firstly we don't own the whole asset like Bankers did and our sh#t partner has our hands tied and doesn't want to advance anything. Unless we gain control (Not likely) the Bankers comparison is mute... Sorry but just keeping it real

[happyInvestor1]

Good points

[copperplay]

  Richard got burned pretty bad?  Same thing with Budong Budong  Then Chris Atkinson was problem with our partner and Selat mess.  Now it is Kirk and Bill Marpe Do you see a trend here?  Now how long do we have to wait for a decision from partner when deadlines and Sonoro mean absolutely nothing to this guy.  2 cents is a disgrace to all shareholders believing

[StratCap]

Well, if this partner has made it personal, I hope management digs in and makes them pay full value for SNV's share of the pie. Nothing less. We really dont have anything to lose at this point.

[MJB4231]

Really hard to understand Jimmy's logic. Sonoro is a willing and able partnership ready to go and make money on project. What soured this relationship... Greed? Lack of oil knowledge by Jimmy? Incompetence?

[copperplay]

  this is about revenge in my opinion  Sonoro management who ever was involved in the meetings pi$$ed off these guys so much they want to bury them Sinarmas is a very successful company and they know with a joa and reserves completed they could sell this for 10 times what they paid...they are not dumb What else could be the reason?  Nothing else makes sense to me but this

[SubinC]

This is my question for the past few months. what has sonoro done so bad to piss off the partner? We are only hearing one side of the story and snv board is filled with a bunch of liars .. why would a big Indonesian throw away money?  something else is wrong here I feel 

[MJB4231]

Last 2 NR clearly stated that SGE hasn't even replied to ANY correspondence. This is not how business is done. Successful people conduct business daily not liking each other... Its about money.

[martindale]

100%!,, ! !!, contract talks.. all else walks.. do we have a solid position and is gov/management going to side with us and either throw us another bone or force this project? They DO want it operating.. Sonoro can do that.. where’s the benefit to letting SKK do more nothing with it.. still think we will end up with something... games not over.. JMO

[MJB4231]

Martin... 1 problem. No talking or communication by SGE..... . Nada / zip / zilch / zero

[martindale]

Yup and who does that look bad on? Sonoro hasn’t been the issue in this project.. has-it? None of us know for sure but I’m betting Wadsworth was wise enough in his advice/input after all his experience doesn’t have a solid contract.. with complications agreed to.. it comes down to the contract.. I’m betting as are we all.. GLTA Invested show me a rabbit.. 

[MJB4231]

Have to agree with a previous poster and his comment that very unlikely that due to Indo corruption that a adjudication end up in favor to a foreign company over a billion dollar Indo company. I suppose the result could very much scare off any new foreign investment in the country should it occur. While we may be legally right contractually this is still a roll of the dice... JMO

[martindale]

100%..as I replied, and to quote you. “ the result could very much scare off any new foreign investment in the country should it occur.” And again we didn’t get our failed opportunity at selat for no reason.. then there is if we have value with our 25%. We didn’t get it given to us out of a fart in the wind. 

[copperplay]

This will not end until Skk Migas steps in and gives Jimmy a "times up" when this happens is anyone guess and in the mean time Sonoro and its shareholders get zero market cap