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Well that's me out - been in since the early days at about .o6p and intermittent top ups since. Once at .28p ouch.
Sold out all end of Sept bought back in £750 end Nov to test the promises! Sold them yesterday for .05504p £1,176 so a profit £428 made a small dent in the many £thousands written off .
I saw the sale price was slightly up on the offer of .055p and it was in my account yesterday rather than waiting for a maybe after 31st March - how long to wait for the cash and out of SXX too? will follow the mines progress and may dip into to the new offering one day.
Best of luck to all from a relative silent lurker.
Thanks 15Lives
Good to see there are still some lucid posters here!
Of course some have sold Tex It's not easy to stay invested in a company that felt unable to act in the best interests of its shareholders !!!
Just to clarify , I haven't sold up either !!!
ffc
Tex
Perfect post which sums up our situation as far as I'm concerned. Yes there are questions that need answering regarding the SR but for me that's all.
No deception just a BOD out of their depth. Fraser was highly ambitious and I can't criticise anyone for being that.
I'm still holding. Haven't sold a single share. I was buying more all the time we were at 3.5p and I'll be voting no.
This has always been a high risk stock. The trouble is many didnt realise it. If you choose to invest in start up companies on AIM (although not now ) you have to along the way be prepared, willing and able to face and play for high stakes.
The lack of activity on the board is because many have left to go over to sharesoc ,
Sadly there are only one or do genuine posters left here !
Of course some have sold Tex It's not easy to stay invested in a company that felt unable to act in the best interests of its shareholders !!!
For the last time before I disappear too can I ask all genuine sensible members here come over to sharesoc we need the backing of as many shareholders as possible in the hope of getting support elsewhere and hopefully a meeting with Sirius >
Regards
ffc
I’m not so sure its a ‘stitch up’, rather a f***ck up.
He had the high risk plan and didn’t execute on it.
He should have gone with a Major after the planning consent was given. This was the inherent risk in the project. Seems as though after that funding failure he was happy to take his cash and pass Sxx on to a company who can ensure the mine is bought to production and jobs secured.
Tricky one to decide whether the current outcome was planned or simply the result of a BoD out of their depth, failing to deliver and then looking for a way out.
Clearly when he was ranting last year about people over investing and BBs, the writing was on the wall and he was showing his true colours and the fact he had had enough. Unfortunately at the time this BB was happy to say he was misquoted bla bla bla rather than seeing yet more warning signs. Too many emotionally attached investors.
As for AAL being in talks for 12 months, this isn’t unusual and doesn’t mean there was collusion to create a purchase price of 5.5p.
Anyway, I doubt we will ever know the truth, unfortunately.
Lots of questions around how actively Sxx pursued other rescue packages. Hopefully, sharesoc can get some answers for people, but again, (as with the signing of the petition) the PI support seems underwhelming.
The activity level on this board reflects the fact that for many PIs they have sold and moved on with their lives.
InvesterInvester - well said!
I accept the ups and downs of investing in shares, but this grubby story needs investigating. A stitch up if ever I saw one.
JJ
... imo.... is nauseating..... to all that tens of thousands of us who, supported SXX,over the years, through the difficult and complicated times, getting the permissions, though all the Church and Village Hall meetings, and the £ support we gave this Co, through our investment... and they do this to thousands of shareholders... it is IMO.. the very worst kind of human greed... .