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Best way to look at it Fred.
Have a good weekend
I appreciate your post SiPPn00b - I did go on to the other board and also read the article. Feel a bit like Beerbull suggested! I’m stuck at home at moment after routine op so far too much time to read - hardest day so far for me in my Sirius journey - investors once so positive who’ve sold at a huge loss, other investors worrying, workers being laid off (which I know had to happen) having to tell partners (which I can so relate to)! Plus everything else I read was negative. There was a thread asking if long term holders have sold - I don’t think they have - I think many just can’t be doing with the board at the moment - well I hope so and it’s not just not me holding!! Maybe if it is I’ll get a special deal! I hope in spite of everything everyone can enjoy the weekend - as some have said it’s important to look at the positives
Sipnoob, it’s horrible how so many investors have been badly burnt & letdown by sxx . Some looked like they were sophisticated & highly knowledgable investors & some swept along by the dream, but on the whole a genuine crowd. A damn shame. I hope some take the time to read your post & its attachment . But their again I would understand sxx investors never wanting anything ever again to do with shares.
Apologies if anyone had already posted this.
https://www.proactiveinvestors.co.uk/companies/news/902865/sirius-minerals--fields-and-dreams-why-small-cap-firms-struggle-when-building-projects-902865.html
And I make no apologies for saying the following:
Crystalising a loss is not good, but remaining invested in a stock when every neutral commentator, like Investor's Chronicle tells you otherwise, is folly.
The portents are not good. So, why not take your 100% of what's left and leave in here when you could put it into another company that has performed to date technically and then some, is now funding itself and had great potential for the future?
Eggs in a struggling business or eggs in a non struggling business? Seriously, it seems like a no brainer to me.
That company is in the article. Fred16, I'm thinking of you with this but others here should really consider the merits of hanging on! I expect if anyone here pops over to that board with questions there will be plenty of very well invested, very knowledgeable investors, that would be happy to clue you up.
Aimho. Dyor.