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Some of his, cf, comments are a bit Elon_esque, stuff he shouldn't say if he doesn't want his hands rapped. I'm guessing it's been taken out of context to some degree... But I'm expecting a sp drop on Monday. And perhaps us shareholders panic have contributed to the decline in this company but as I said before, our panic has to a degree been a result of his poor communication to shareholders,
Just read this article, I’m so gutted how this has turned out, never expected it not to get funding and now he is making it worse! Expect a further decline on Monday, not that it changes my losses anyway as my average is 21p ! Ffs no point in selling now it’s pretty much all gone anyway
I think what us being implied by some folk is cf is trying to pull the company to its knees on
purpose.One of the main roles of a ceo,is to show due dil,and to look after the welfare of its share holders,,,I think that, if what is being implied was true then there would be plenty of leading advisors around him to blow the whistle in the wake of sell off, take over etc,and that would be deemed unlawfull.
My opinion
Your only hope now is that if this wretch of a man does decide to try and take SXX private then he does find a way of compensating shareholders in some small way but understand there's no legal obligation on SXX to do so
I ask myself why it is that SXX has been signing supply deals and yet a few days later Fraser talks about a delisting for whatever reason. What's his game plan?
What's the Qataris role in all of this?
Something doesn't smell right here. Send emails to him and if no reply send emails to your MP. Put pressure on him to do the right thing. Don't sit back
PI's r the majority holders here.. if the article is sort of true then firstly, it's good to use this to force shorters off the boat, I know we dropped a lot but for sure the offer WILL BE higher than current SP, so shorters will take a big hit if they don't reduce in the immediate term, secondly, we might already have an offer on the table or at least one in the conversation, therefore regardless how bad this article is written, it is a positive new to me and we should see a strong opening on Monday. another RNS will definitely clear thing out better on Monday.
Stay strong everyone, the good thing here is that we are the majority holders! we either make it happen or fill up the holes!
It's probably been the plan all along.
OK so it's the daily Mail not the FT .BUT the article specifically says "Fraser told the Mail..." and it puts some paragraphs in quotes which implies that theses are CF's own words not a journalistic spin.Assuming that to be true the CF is highly likely to be censured or worse by the appropriate powers, anybody who doesn't think this is "market sensitive" should watch the SP on Monday morning. I don't do short-term SP price predictions but those who do can start at down 30/50%.
Quite what CF was thinking is impossible to fathom, he has created a situation , if it wasn't already there, of offering a fire sale of SXX and its assets at a price somewhere between the current SP and zero. Remember "taking private"excludes ALL the big miners who are public companies. There will be no bidding war and if such a private sale occurs I have only one name in mind.
This sadly is the end game for SXX in its present form and for the assets of all current shareholders.
Let's hope not...
He's either very very clever, or stupid.
We shall find out which soon.
CF end up like woodford.
Like said earlier no one truly knows yet what's about to happen so try and chill, worrying won't help. Believe me I'm as anxious as anyone.
Harry. Im with you there. This BOD need to consider their positions. CF clearly can not deal with the finances of SM. Maybe he should move on if hes not up to the job. Which now appears he isnt !!
Harry,
Papers want to sell papers and will put what they want to sell as many papers as they can regardless whether it's true or not. CF won't be first person to have had his pants pulled down by the media. I'm staying positive no matter what flack I get none on here no for sure anything.??
Lol wd-40
My dad reads the mail....
Let's just hope this is right up there with there best articles such as;
'Water gives you cancer' and'breathing makes you fat'.
I always joke with my dad... 'what's killing us today dad'.
They are a pile of crap newspaper.
100 quidsays they've taken what he said and twisted it.
One thing for sure... If there is no correction or statement from Sirius, then things are seriously messed up.
Hi Harry
I feel for you as I feel the hurt myself and totally get where your coming from, I certainly won't be doing anymore share deals any time soon. I pray we all get through this well .
Hi Bob,
C'mon stop this beating yourself up we are all in the same situation and until we are told different then why waste time doing this? I reckon Monday will easr all this tension with a very unthought about scenerio. Chin up mate.
WD-40 I did the same fellow and still believe in it even for us small pi's, if it's impossible to be done I think we would of been told by now and have to move on, ignore the Daily Mail article and wait for Monday you could well get a nice surprise
For sure this article has been taken out of context!
The company will respond to this in some way. Whether it be a Monday RNS or an article in tomorrow’s papers, I’m sure something corrective will be released.
Wake up hope. He's totally F####d up again !!! you cant seriously defend CF anymore. Hes been on a pedestal too long and is bringing us to a grinding halt. There is no plan B C or D or he would have exhausted this. Id be surprised if anyone saves this project even at a giveaway price I fear this hole will now be filled in. Absolutely gutted !!
I would love to see this come good.
I brought in to this because I believed in CF and his dream.
If the share holders are to be trashed, they should fill the bloody hole in.
There is always risk in everything.
Sometimes in life you have to do what the song says folks, 'don't believe the hype'.
I cannot believe how many people on here are kicking Chris Fraser, even before you know any facts about deals or losing out, I make no wonder he's ****ed off with these lynch mobs, it wouldn't surprise me in the least he is working towards a good deal for small pi,'s like myself, I don't think we will have too long to wait to find out either and the lynch mob can hang their heads in Shame.