Attended the AGM with a stockbroking friend who is curious about Sirius and bought 10k shares out of courtesy so he could attend with me. Before he turned to wealth mgmt, he was a fund manager and ran a very successful UK Growth Fund.
He was impressed by the day's proceedings and Fraser/Scrimshaw. But he did pick up on Chris Fraser's apparent inadvertent slip when in a response to a misconceived quesiton about Sirius' £4bn contribution to the UK, he clarified a different sum with the… Read More
GK, Very informative and helpful posts today as usual. More recollection from the AGM, CF was very clear that dilution will occur, without which the mine will not get built (obviously) but he was very insistent and convincing when stressing that the best possible terms for existing shareholders (including the board members) would be obtained. In reply to a question from the floor as to whether or not existing shareholders would be able, as the "seed corn" of this company to be able… Read More
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