Oil and gas exploration company with sites in Italy and Morocco.
I’ve held this all the way through from 15p --> £1 --> 3p. Anybody contemplating a punt I would strongly recommend looking at the LSE board …
What a shitshow
Why was this stock added? Who’s demanding this AIM penny stock microcap?
Fortunately my exposure was limited but numerous investors have lost 000’s on this. A disastrous drilling program since 2016 littered with dusters / non-commercial outcomes.
Is this a good stock to buy with it being around the 2p mark? The news on Sound Energy is looking positive:
Just looking for peoples thoughts on this? How will it perform in 2020?
It is currently an unprofitable company.
(Simply Wall Street)
I don’t think one piece of good news changes the picture that this is a very risky investment.
What are your thoughts?
They have holes in the ground in Morocco, and I assume the rights to drill more holes. No one truly knows if those holes will produce anything.
Just walk into a casino and put it all on black.
Think it’s riskier then that. Stick it on a number.
Put your cash in a bag and throw it on the fire. Same end product.
As a newbie investor, can someone help me understand why is this a popular buy?
Unique buys are counted. So penny stocks where people invest some spare cash in are usually on here.
So it’s just a share people invest their spare change in? That would explain it, because otherwise it looks small and risky. Interesting.