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Voting yes to save jobs and keeping the project alive, assumes that that AAL will follow the Sirius plan.
Any investment into this project by AAL would seem to be slow and measured going forward.
A proper evaluation needed.
Will they target MOP, SOP, salt or poly4 and it what proportions.
Are torps an asset or a liability
Enjoyed reading many of your posts through the years. Yes it’s sad to see LTH leaving but completely understandable. Good luck for the future Cranleigh ...Cheers
I’m sorry as well Cranleigh - I very much appreciated all your posts. I wish you all the very best as well.
Cranleigh - Sorry to see you go, but totally understand your rationale. Not many original posters left now. You have been a top poster and I wish you all the best going forward.
T.
If the vote is a big NO , what sort of time period to remove Fraser and is bod , can it be done , will people expect him to walk , as it got be done at an egm , if he goes soon as possible , will QiA, the consurtium , jupiter , polygon , step forward, if buts and maybe s i no , still stinks all the way down the east coast , the situation he as put this company in
RF, you must be one of the very few old posters left. Almost all have departed or passed away. I've been in and out of here for 10 years and worked indirectly for Sirius in the exploration drilling days. I felt that the then team were very personally and financially committed and though the buck stops with the BoD and CEO, I suspect that it is the greed of the 'money men' that have dragged them and us all down. I've taken some profits by trading and only my 'free' shares were left and sold, so I can't complain. Feel very sorry for those who put a lot or all of there investment in here, but from the start I decided not to put all my eggs in one basket.
It is still a great project on my doorstep and I hope that AA will will bring it to production for the sake of the local economy and UKplc. They did it for Boulby when ICI and Charter ran out of steam in the 1970s and will hopefully do it again. I doubt that there is any other option. Over and out.
My very best wishes to you and all here, R.
100% They know its not a done deal ...
Fraser will never succumb to administration,his nose is too far along the trough,dirty deals being done I really think the board should be voted out as we obviously cannot trust them they are out for themselves now and not working in the best intrest of the Shareholders US ,how can we trust them?? I cant belive they havent been booted out before laughable really.
Cranleigh - I strongly disagree with this statement - "I believe the result of rejection of the bid is most likely to be immediate administration and subsequent loss of all value for shareholders"
They have funds until at least 31 March. Why would administration be immediate? That rat Fraser would not kiss goodbye to his 7 million as soon as the judges gavel goes down on a no vote. He'd be straight on the blower to QIA. Odey also wouldn't be voting no if administration was immediate and, indeed, have speculated that an interloper is most likely to appear between the 3rd and the 20th., which strongly suggests administration, if it happens, will not happen immediately.
Hi Sheps. Hope you are still reading this Board and will pick this up. Looks like we are into the final Act now. Nearly all the old crew have gone, one way or another. Agree with all that your The Vote post said.
Mrs RF and I have just voted Yes- thought I couldn't do it but got an offer this am from the FCA administrators of SVS Brokers inviting us to register our vote- first class service, eh? Pity they won't let us sell any of our shares though, so we are going down with the ship if we do hit the iceberg!
Anyway, all in all it has been a real pleasure. I think you were one of the first people, many years ago, to offer support and consolation when I was chastised over one of my particularly offbeat posts. It was all rather more fun inthose days wasn't it?
Anyway my friend, as ever all the very best to you. RF and family.
Good luck Cranleigh
ffc
Not advice but....I have now, with considerable reluctance, sold the remainder of my holding.
Many can perhaps afford, either because they are very rich with a small % of their net worth in SXX or because they have only a small SXX holding, to express their anger through rejecting the AAL bid at the Court stage, where the number of holders voting is key.
I believe the result of rejection of the bid is most likely to be immediate administration and subsequent loss of all value for shareholders. I also believe the likelihood of a raised bid or a competing bid is too low to hang on for that possible upside.
With a large holding (until today) I simply cannot afford to have others cut off their noses to spite my face.
Good luck whatever you decide. I enjoyed the adventure, though certainly not the huge loss.
Sheps, thanks for your input over the years, including this rational post. Best wishes.
Sheps - I’m sorry we are all in this position. Thank you for all your posts - it must have been very hard for you to sell. Everyone has to vote in the way they think best. Good luck.
Sheps - Always kept an eye out for your posts over the years, all the best to you in the future.
T.
Have you seen the last two RNS ? Ooh you not seen them because you’ve sold up!
The whole reason people are up ln arms about this brilliant engineering mining project is Anglo American are getting it for peanuts , when considering all the monies us private investors have put into it Thats the whole point , & thats why lm voting No !!!!!!! Come on SHEP wheres your backbone .
Why vote yes if youve sold up . Or almost sold up .leave it to people who wont to take a chance to this deriseary offer, no emotions , needed ere
Unless you hold a share certificate outside of a brokers platform your only have a couple of hours to vote !!!!
Get it done before it's to late
Voting Yes....??? No lecture ?? .... Vote No No No....nobody is saving much off 5.5p ridiculous....just vote No
Sheps
Best wishes to you too,Iv'e always got something out of your contributions here !(Q SL)
Regards
ffc
PS
I'm a" NO "( fundamentals ) but understand your" yes "
Hi, I have deliberately refrained from posting on here so as to avoid any chance of influencing anyone in this dreadful situation, firstly I now have no financial stake in Sirius short of a vote which I deliberately kept, it's obvious to me that we have some very emotional investors here who are allowing their hearts instead of their heads rule their desire to stop this AAL buyout, its also become pretty obvious to me that certain posters on this board are being driven by the desire to hurt one individual CF at the huge risk of hurting hundreds of Employees in Sirius by sending SXX into Administration, I have always taken my financial responsibilities upon myself and no one else, it's been repeated a thousand times on this board that no one but no one made you buy shares in SXX, it was a decision we as individuals alone took.
I'm not going to give a long winded lecture to anybody, I made a large mistake in the level of financial commitment to SXX against the advice of plenty of wise people I know personally one of them being a friend who is a financial advisor.
I'm also not here today to try and influence anybody's decision in which way to vote.
What I am hoping to get through to anybody wavering a this point in time is this.
Please please make this decision based on your own thoughts and not on some of the quite frankly detached from reality posters on here who are very much showing
detachment from any sensible reasoning and driven by satisfying their desire to hurt one or two people at the very real possibility of a great many people losing their livelihoods, there are many hundreds of people putting food on their family's tables over this decision of which they had no choice about how much of their personal wealth was being put at risk by buying shares in SXX, I did and I accept my own responsibility, I will most certainly be voting yes.
Goodbye to you all, I'm personally gutted this hasn't worked out as it should have, I have a far more personal attachment to this project for my area that my own self.
Best wishes, Sheps8.