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Maybe he could return to his bouncer career. Or perhaps head groundsman at the local sports playing fields. After all, he's a quite a bit of practice at moving the goalposts :-/
"If the present financing plan - the only one on the table - does not work and this goes to administration and SHs are wiped out there is no way a new owner would be rewarding a failed previous boss with what is presently over 1% of a co that once financed and built by them will ahead be worth £10bn plus."
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Didn't want to continue that pointless conversation with LL yesterday but with regards to the above - it's very true. Hypothetical end of Sirius in its current form due to failure to raise ST2 funding would certainly mean end of CF as a boss of the company. He would't get much (if anything) if the project went into administration. And he certainly wouldn't "be ok" if he lost shares potentially worth hundreds of millions. Not to mention +10 years of his own life spent on the project.
KOH
Sun 18-31.
"CF is ok if he looses all his shares....any new company can issue him equivalent share options"
This statement is risible and aisi can only come from someone wishing to sow division between SHs and the CEO and posting such can only be motivated by a basher wanting to bash the stock further while it is down.
If the present financing plan - the only one on the table - does not work and this goes to administration and SHs are wiped out there is no way a new owner would be rewarding a failed previous boss with what is presently over 1% of a co that once financed and built by them will ahead be worth £10bn plus.
£100m + rewarded? Zero prospect what so ever. More like if took on at all getting one fifth of present renumeration if lucky.
Like genuine holders here Fraser has put significant resources in..and time. Ten years of his life so far. But as is the case for SHs in this he has no guarantee of getting rewarded until the earnings come in a debt is stabilized.
So no, his position today is very much aligned with holders. Those who like to whisper instead that there is division......? Smells like a basher, walks like a basher, talks like a basher....it's a basher.
GK.
''"Buying shares in any company whether they are FTSE 100 or aim listed is just like walking down to the bookies and putting everything on Frankie Dettori in the DERBY. It might look like a winner but strange things happen along the way. Good luck to all those who are waiting for good news and I mean that most sincerely".
A silly analogy for all the reasons already attested by others but I would also add that it is possible to employ quite detailed statistical analysis and backtesting on horseracing (and I believe football) to attain a decent return on investment. However, once you start to win regularly or the bookmakers identify strange patterns in betting they limit your account to, say, £10 maximum stakes. Bookmakers only wish to deal with losers.
''"Buying shares in any company whether they are FTSE 100 or aim listed is just like walking down to the bookies and putting everything on Frankie Dettori in the DERBY. It might look like a winner but strange things happen along the way. Good luck to all those who are waiting for good news and I mean that most sincerely".
naaw, Don't agree with that. When you reseach a footsie 100 (or 350 or aim) company you have far more usable information than you do on the limited knowledge of a few horses or whatever . It is quite simple to pick a basket of good companies from the uk index and buy and hold, occasional re balance and be quids in over the long term.''
i agree. Another problem with the Bookie analogy is that the bookies set the odds, to their benefit. They are no odd setters in the markets. So, even though I think it is a good attitude to understand that 100% of your equity is at risk when you buy a share, nobody knows what return you might get from an investment and you also have the opinion of banking a loss before you lose 100% of your errrrrmmmm... stake! :P
Not much sign of pessimism in the SP this morning. Onwards and upwards.
The market has already priced in a risk premium to the price of Brent.
We may see a small fall in the London market today but generally the impact of the attacks is likely to be limited.
Good news if you hold oil shared though.
Attack on aramco? Oil up 10%, gold up. All indices down.
Hi avocet.
Care to elaborate
Today is not a good day for the bonds, that's for sure.
LL "the anointed one will appear and reveal all"
You should know the answer is "42"
Sheepies can now debate if this implies
SP of 42p
42 billion shares in issue
or
42 other possible explanations
good luck
Verde
Well Knockin....nonsense do you say...hmmm...no factual backup I note..
If CF can get the bonds away, he will..if he can't he'll do whatever he can to raise the funding and it's very easy to build in compensation for his loss of shares .....sorry (not) if you don't like that truth..
Sounds fitting LL,Is this CF,In the tunnel https://youtu.be/aADExWV1bsM.
"All very true LL, as usual... "
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Nothing true in saying "Did anyone wonder why the board looked so down at the AGM....they knew......CF is ok if he looses all his shares....any new company can issue him equivalent share options..."
I'm all for freedom of opinion and expression but that's one of the biggest nonsense I've ever heard. I can see some got to the stage where they take body language and facial expression of some of the executives during some public gathering taking place months ago as a indication of the future performance of the company....Trust me CF (or anybody) would NOT BE OK if he lost shares that could potentially be worth hundreds of millions in a relatively short period of time. Nobody would. I can understand the criticism and am fully aware that the BOD's performance to date with regards to delivery of ST2 finance doesn't exactly exceed our expectations but you are just spreading idiocy and unfounded fears here. Stop doing it, collective panic is the last thing this share needs in this crucial period.
KOH
I hope the bonds are away 0700 in the morning oversubscribed ten fold with an instant SP of £1 ... and maybe it won’t feel like ground hog day for the rest of eternity on here .
It’s almost as bad as hearing about b***** brexit non stop
lauren louise i agree with all you say but have faith. I swing between highs and lows. if nothing happens this week i will sell my holdings on Friday at a loss I know but not wiped out
All very true LL, as usual... But...Do you think the bonds will sell, A - With no strings attached B - With conditions ( further dilution) or C - Fail..?
Good stuff Joe, enjoy the rest of your evening, good luck
and gla
...this is the week....
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Not necessarily.
KOH
Well said wolverstone.....this is the week where everything comes to a head......no excuses or theories....this is the week....
The mine will get built...it's just how....
CF will do whatever he has to do to get the funds....and now we're going to find out what that means....
Feels like a strange sci-fi movie where the believers In a religious sect have been travelling through the jungle for thousands of miles to a place where the anointed one will appear and reveal all to them.....
Did anyone wonder why the board looked so down at the AGM....they knew......CF is ok if he looses all his shares....any new company can issue him equivalent share options...
And the lord said unto John, "Come forth and you will receive eternal life".
John came fifth and won a toaster.
Dadean, all joking aside your last post has raised a smile, I actually do have a good sense of humor and live in Scotland, so good luck to you mate.......bear in mind we all want the same positive outcome. I've enjoyed the banter :-)
Jo soap - away bile yer heid ya silly wee body.......
Dadean.....You have now confirmed my initial suspicion, definitely a teenager or as the saying goes there's no fool like an old fool.