The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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PWC, your not chums with Bucky are you?
If this is correct, sounds like Insider Trading and all concerned should be jailed for many years and all assets confiscated and repaid to all recent SXX shareholders!
15LIVES - well said. Pwh31 , with limited posts looks like he has a hidden agenda. Above and beyond the Fraser actions, the deal with JPM that let them short SXX whilst trying to sell the Bonds stinks. They made ££millions from that. Should have been sacked on the spot, but instead they are STILL retained as financial advisors. JPM had Fraser’s trousers pulled down right from the start. I hope a full investigation will follow after Tues, but have little faith that either MPs or the FCA will bother. Who cares about 85000 when any election is years away. So sad for the loyal locals who stumped up the ££ to get the show on the road.
I hope Karma will visit CF sooner than later.
Pwh31
Some of us are doing what we are doing because of greed you say!
Greed!
Are you having a laugh!
Neither is it denial. Of that I can assure you.
A no outcome has in my opinion, and many others voting no , a very good chance of pushing II into providing necessary funding.
You cannot emphasise it’s certainty and then add ‘in my opinion’.
Nothing is certain.
I would expect administrators to manage the disposal of SM in a more impartial manner than our BoD.
My view is that if you were to vote ‘yes’, you should have sold up when the sp was 5.5p. That would have provided some certainty for you rather risking a ‘No’ vote.
The only reason to hold must have been to vote ‘No’.
OR
whoops. administration IS a certainty if this deal fails, in my opinion. anyone who cant see that reality doesnt understand what theyre doing. sure there are lots here pretending they don’t believe it through denial or greed because they are still shorting
pwh - I quote - "administration isn’t a certainty if this deal fails."
only bit of your post worth reading and that makes sense
Miraclesdohappen what a silly post, I expect you believe in fairy tales, take your 5.5p and invest in AA.
miracle. stupidest post ive ever seen !!
ive watched this board for years and valued many contributors. am amazed at so many people in denial and so many sharks feeding off it who will still be shorting to make even more money in SHs misery. on your points ;
1- read the BoD recommendation - administration isn’t a certainty if this deal fails. (not medium to low like you say). fraser and BoD is out of options quite clearly. government has NEVER offered to help and never will. they don’t give a shot about PIs and anglo turning up makes them believe they never have to because someone will build it. they get jobs and PIs get nothing. the millions that a few chancer instos lose is nothing in their portfolios. most of time its money from our pension funds anyway but they still get paid !
2- any rescue package as you say will NOT be for SHs it will be someone picking it up from admin and PIs get nothing. cant see the BoD pulling a rabbit out of hat in two weeks or less at this stage. AA's offer may be opportunistic but sirius is out of money in one month ! and so far , no one else wants it. be clear mr miracle that you and me now have basically no chance of being part of this project anymore. its just what we do or do not get in the next few weeks .
3- true voting Yes does mean ( as you say ) that you have accepted and surrendered huge losses. but you made a mistake with this investment like we all did ! but voting no does the same but for some reason is you volunteering more to lose !! mustn’t matter to you
explain to me the FAT bonuses you see BoD getting ? the documents to my reading say all BoDs resign immediately. its only staley amd fraser that anglo want to stay. can you see anglo actually wanting them beyond a year , if that ? I cant.
on asking us PIs its all rubbish. me and mates invested in the area haven’t got the brass to put in more. fund sirius can’t even get 10% of what’s needed and no insto is going to take it seriously.
all sense gone here. people either in denial or pretending like they losing even more money. very strange.
No longer hold--but please use common sense and do not listen to those posters who will have big smiley faces if this goes into Administration and all shareholders money lost
All, after much consideration, I have voted NO due to the following reasons.
1- Likelihood of administration is medium to low because I personally think that after almost 10-15 years in this project, Fraser, BOD, IIs (with their bonds) and hopefully the Government will not let this mine go into a black hole. The mine will be built. There is still a chance of it getting into full administration but if it does, IIs, Odey, Polygon will lose much more money than us (the PIs) and somehow I cannot see them letting themselves losing millions .
2- Assuming some sort of rescue package / reasonable offer comes in after we managed to hold back AA's opportunistic takeover, I still have the chance to be part of the project and able to recuperate my losses even if it takes several years for the share price to breakeven.
3- If I vote Yes, it means I have accepted and surrendered my huge losses (and what I would lose further if this goes administration would be a drop in the ocean compared to Fraser, BOD and IIs) , letting Fraser and BOD to walk away with FAT bonuses when they should have also asked PIs about the option of raising funds, not being transparent and fail to protect shareholders' interest after cooking up all the misleading funding information / prospects during the past few years.
I wish I could vote Yes but given where we are now, voting NO seems to be the lesser evil and MAY just give us the PIs a chance to rise up and see the light at the end of this dark tunnel compared to voting Yes. And even if the takeover goes through, there is NO GAURANTEE that AA will keep their word about investing in the local communities and not replace / reduce its existing Sirius workforce after a year or two.