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KOH " sunday Funday " Are you for real???????????????????
It's a bloody shame you didn't wake up feeling that then isn't it !!!!!!
Take responsibility for your own actions, and put on a different record.
____
Oh I definitely do, I take full responsibility every time I press 'buy' or 'sell' button. I have no issue with that. And I hope Chris takes full responsibility for the delivery of ST2 , current situation and failure to maintain shareholder value to date too. And that his actions will receive a just and objective reconciliation on this board one day.
For now, let's just hope that he knows what he's doing. After all we are all in the same boat.
Am I personally 100% confident that he will deliver in September after what we've seen to date? Hell no.
Enough about Chris today. Sunday funday.
Regards
KOH
KOH
No promises were made. I think you need a reality check. No point repeating what Scotman and Maximus et al perfectly said.
I have had to laugh at you telling me I'm shaking with fear at the moment.
Lmfao!
I've shook that much with fear the past fortnight I've increased my holding by 10%.
“Why would anybody invest years ago?”
Because over 10 years ago I was picking up significant amounts of shares in Sirius Exploration at between 2p and 4p.
secrets
KOH
I’m also down, but I don’t immediately look for someone to blame, but I understand if you are “trembling with fear” that is likely to colour your outlook and responses. You chose to put whatever sum you did into Sirius, you need to take responsibility for your own decisions.
What you call “promises” by CF were never that. They were predictions based on a range of complex factors. A promise implies something that will definitely happen. You cannot blame a CEO for “selling” his company to potential investors. The investors job is to do the research to see if those predictions are realistic, then you make the decision about investing on a R/R ration that suits your appetite for risk.
Take responsibility for your own actions, and put on a different record.
I said before SL -Fraser not bothered about the share price ,He wants the mine built.
I sse your point Maximus10. I say I’m all in with 46years of final salary pension However, I did run a Blackrock one alongside it so won’t be penniless if heaven forbid it folds. I’ll also have a government one in 3 years. I see it as a speculative gamble where the odds are maybe 95% in my favour. I wouldn’t however put all that pension lump on a horse or dog in a race. Slightly different. Investing in a company yes......gambling yes I suppose, but with the odds well in my favour.
Maximus10
I wonder why you suddenly so focused on "exposure" and completely disregarded the essence of my post in your reply. You don't have to be overexposed to to be down 60-70% like many here my friend and that's not what we've been discussing here.
A clue: false promises, under-delivery, failure to maintain shareholders value and responsibility that comes with it.
Hope it helps.
KOH
Well Max I am virtually all in and at and average of just below 27p I am a serious amount of pennies down ,I have had plenty of occasions where I could have sold up or at least reduced risk but for me the investment case ( fundamentals ) are all still there ... It's my guess my case is just the same as KOH and the filtered J Curves .. but the difference is that ALL the risks were there for ALL to see it's only the ones that maybe chose to ingnore them now choose to look elsewhere for blame... KOH you really are quite tedious with the same old record , A few days ago you had seemed to put that behind you when you were on a "mission" emailing ir ? I have to say with another extreme in my opinion but at least then there were others here of the same opinion !!!
My whole point is that we all have different comfort zones and KOH I think you're out of yours .... nobody told you to buy and nobody ids stopping you from selling ??????
As boring as the same old **** being brought up here is the great replies from all those that accept the trials and triumphs as part of what was there for all to see....
FOR GODS SAKE why are there more PIs than IIs still at this stage ?????
that PIs mostly know this is a good investment
Thee IIs know but can't offord a few years of moans from their PIs
KOH
“trembling with fear”? Are you over committed? Are you “all in”, because if you are then this is not an investment it’s a gamble.
I think that is the crux of the problem. When you look back through people’s previous posts it soon becomes apparent if you are an investor or a gamblers. The gamblers:
-have little knowledge of the market and how how it works.
-Sirius is the only share that they own
-they are o et committed.
It seriously concerns me when folk say that are “all in” or “I’ve put my whole pension into Sirius”. Some of these people ask the most basic questions which demonstrates a complete lack of understanding of the risks and rewards involved.
The first rule of investment is “never commit more than you can afford to lose”
I fear many here have done just that. I don’t want to finish on a negative note. I still believe in the project, I believe Stage 2 finance will go through, in some form or other, by all accounts progress is ahead of schedule, but I’m waiting for the quarterly report to confirm that.
The signs are there to be read.
___
Said fortune teller.
:)
KOH
I would never have the holding I have right now if I left it until today.
Hindsight? I prefer foresight.
But if I’m wrong I will blame me. The signs are there to be read. My choice.
If you thought this was going to go from fledgling explorer to fully producing world class fertiliser company without massive dilution then you really didn’t do your homework.
___
And you did? Or any of you? Why didn't you wait with your investment until now if it was soooo obvious that the massive dilution was coming? Why would anybody invest years ago?
Exactly. Easy to be wise after the event.
KOH
Don’t forget the big dollop held in the bank to cover any shock!
Nice to see you here again Superleggera.
This was the point I tried to make (badly) last week, thanks Verde for pointing out the error!
As the asset manager for Jupiter has pointed out, in ‘MOST’ projects like this the first shareholders are wiped out - This would have been ST1, the. The second set of shareholders are wiped out (ST2) but due to the management team we have this has not been the case.
I understand the frustration with the failed promises but at the end of the day nobody knew what was possible and CF had every intention to bring these promises to fruition. An impossible task? Yes, we all had the chance to sell for large profits at one time or another...
At the end of the day Jupiter and other large ii’s have bought in not because they thought they would t be diluted but because they are confident they won’t get wiped out.
What do they do with dilution? Buy more... That’s the game, we all have the opportunity to add at these levels but risk still exists.
I’m confident the bonds will sell but not confident enough to add now, I’d rather pay a 30-50% premium when they do and then kick myself for the next year.
If you thought this was going to go from fledgling explorer to fully producing world class fertiliser company without massive dilution then you really didn’t do your homework.
Take the pill, learn the lesson and pass that knowledge to your kids, no amount of whinging will change it. The best thing you can do is either sell and forget (best for mental health) or suck it up, move on and get behind this project fully!
15LIVES
You can say whatever you want but the reality is that when it comes to Fraser's performance to date three things became apparent:
a) false promises
b) under-delivery (funding)
c) failure to maintain shareholders value
You, on the other hand, can blame everything else in the world for that except Fraser - that's your subjective choice.
I would say - we are in Aug 2019, SP closed at 9.16 on Friday and we are still shaking with fear over the future. Time to wake up.
KOH
Scotman, the man heading this up is the ‘financial guru’ charged with increasing shareholder value by raising the finance to build this mine, both major fundraisers to date have been disasterous for shareholder value.
—-
Interesting paragraph that by RuSirius. In that it contains factual information and a personal opinion.
Fact: that the financial guru is to increase shareholder value by raising the finance to build the mine.
Opinion: Both fundraisers have been disastrous.
Is the finance raise complete? No, it is not. Therefore how can you say it has been disastrous?
Is it because your holding is down in value? Is it because the Mcap is down? Is it because there are more shares in issue leading to a smaller dividend?
How much of a dividend have you been told to expect?
There has been no promises on any of this. Nor has the finance raise been completed.
If the bonds fail and the company collapses then it has been a disaster.
Until then, the plan continues to progress and so does the build of a mine.
Go and make a kite. Have fun. Bang a drum but ffs change the tune!
RUSirius
No I don't expect shareholders to not question further fundraising should it happen. That's not what I said. It's vitally important shareholders question everything. If that's what you think I did say it shows how you misread and misinterpret the written word.
So you still blame Fraser for the DFS shortfall?
You keep banging on about the J-Curve, but whilst the fallback in the share price is uncomfortable, most of us see the promised J-Curve in it's proper context. Namely, that it unfolds over the life of the whole build.
There are some, if not many in society now, who blame everything that goes wrong in their life on someone else. It's always someone else's fault. Always someone else to blame. Never do they question their own actions to see whether the fault or mistake lies within and if their hopes and expectations were unrealistic. This attitude combined with an impatient demand to have everything now is what drives some investors criticism of Fraser in my opinion.
To me there was no greater proof of this than KOH reaction to the delay in the bond issuance.
seems we are having a knock the management session this weekend -
IMO
1) CF and the BoD are not perfect and have made mistakes
2) Hindsight is 20:20
3) So far they are doing what they set out to do
4) if you don't like it - nobody is forced to own shares in Sirius
5) there are several years to go before the mine will be completed
so stop worrying and stop b......g
Verde
"Sure the dilution was disappointing, but given what forces are acting against this project they are doing a stifling job..."
There's the Kool aid right there. I'm as willing to take a bite of the proverbial dirt pie as the next LTH on a -50% capital growth rate since 2016, but I don't fail to see an understandable but small cognitive bias in some people's belief in this project and the willingness to bend over the barrell with a smile on their face.
Let's be honest, nobody senior in or around the financing of SXX is naive to the future value of the business or the approximate share price when that comes to fruition. What I don't accept is that - rightly or wrongly - PIs have not been entirely disregarded throughout, and IMO to a level inconsistent with the far higher regard that has been shown large/IIs.
Yes, the project couldn't have happened without IIs; but it couldn't have happened without PIs either.
Again, firstly, on balance, I accept the BoD behaviour has been reasonable throughout the complexity of the operation, stakeholders, etc, and that's life as a PI - you're not a single, powerful entity, you're divided and weak. Secondly, I still have unfailing belief in the legitimacy of the project and strategy making it valuable (global population growth, restriction of arable land globally, yield increase with the product, huge potential supply, etc, etc).
Moan, but then get it out of your system and belt up or sell up.
If I completely lost confidence in CF and the BoD I’d sell up and move on to something else.
___
I wish it was all that simple mate. Many people have been trapped watching their holding melt over the last months, many long term holders show losses of +70% (first caused by disastrous dilution then bonds suspension). Why are we even here still fearing of what the uncertain future will bring after all those losses we've already incurred, one could ask?
False promises and under-delivery is the answer my friend. And who takes responsibility for that? Guess who - an expert in his field charged with increasing shareholder value and awarded with 123m shares and the highest salary in the company...
With great position comes great responsibility, they say.
KOH
Scotman, the man heading this up is the ‘financial guru’ charged with increasing shareholder value by raising the finance to build this mine, both major fundraisers to date have been disasterous for shareholder value.
Read back through RNS releases, yearly reports and AGM presentations to see the level of spin over the years, All that has been needed over the years is a greater degree of honesty with shareholders and I keep returning to the 2016 DFS and AGM ‘J Curve’ comments as the worst example.
Perhaps you might be better occupied in making paper planes than spending an inordinate amount of time on here attempting to shout down critical opinion especially in the light of the current SP.
___
Again, thank you.
KOH
Some of the best and most highly respected contractors in the world are active on this project. If I could have fielded teams as good as that in my last position I wouldn’t have had half the stress. The best part is that they all pull TOGETHER in the same direction!
Christa
Great post .
Some folk don’t seem to have any clue about the complexity of this project. If they invested expecting everything to go exactly according to plan, without cost over-runs, and/or technical difficulties and delays is not living in the real world. This was never going to be easy or straightforward.
If they want more stability, stick with with blue chips.
I’m in until the end, whatever that might be. I’ve done my research and looked at the R and R based on my investment. If I completely lost confidence in CF and the BoD I’d sell up and move on to something else.
Max
The comments of rusirius and koh disgust me. I cant wait to see the the back of such negative and pointless posts. They wont stop the inevitable.the mine is going to be successful and it's all thanks to a team ethic that is a credit to our country. Sure the dilution was disappointing, but given what forces are acting against this project they are doing a stifling job and long time share holders will share in the benefits.I'll acknowledge the obvious risks still to be overcome but I'd rather it was in the hands of the b.o.d that we have than anyone else