Long time lurker on here and thought I would post as I've just received an email about Planning permission being given for another project in a NP [Link Removed]
RE: re concern
Roulette Mcap £220m, cash ~£30m. So the market is giving Sirius a value for intangibles of £190m. For?..........What? Commods are scorned at the mo, prospecting cos even more so. Just 'ave a look around. This co will only start paying back to investors with earning in upwards of 7 years, no less, and there is still a very real and present risk it never will because no mine will get built. Missing? Permit, money. So in these risk averse times how many will take on this hero or zero binary bet? Without permissions that's what it is. There is no certainty with this PA as, despite it being rational for anyone with command of all the information and arguments for and against to sensibly conclude to allow this, those who have the power to make that decision might not behave rationally. With PP and finance secured and construction started an Mcap of 1/3rd ph2 NPV seems reasonable, as does a 2.4bn issue by then. SP anyone? Not yet Rodney. GK.
RE: re concern
Scotsman - appreciate the response....thank you. But I am still nervous that the big boys aren't investing. Or have I missed that piece of comms? Cheers. PS...MoorsWanderer....thank you also....your viewpoint is noted.
RE: re concern
The big boys monies won't come into this for years ------ Do you think that PI's money is going to construct the mine? We'de better start a whip around now if that is the case! Pi's will be lucky to make money unless --- Unless what? Unless planning is approved? Mm's making money now. --- On 1.4 millon shares traded daily? -- There is nothing moving here! I've had a limit buy for 10k shares set at 11.7p for the last three days for a bit of fun. It's still pending!
The big boys monies won't come into this for years until they look like or are producing ,its all small pi's in here. As usually the case its the Mm's making money now.bigger investors will make money in the future.Pi's will be lucky to make money unless
Hi Chief. With third party comments on PAs contributors have their name and address verified before they are considered. Your details will be published with your comment. We are "interested parties", legitimate and proud - and risking hard earned to get something positive done :-) ATB. GK.
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