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He states about that there was a 'cancellation' of the bonds which isn't correct is it, he also says that the company will now have to look elsewhere for the money which is also incorrect as all the company have said is that they have put the securing of the financing through bonds on hold for a few weeks, so all in all he hasn't researched the actual facts for his piece has he. If this is the standard of journalism these days then it is very poor indeed.
For those purporting to be true LTH, in order to 'keep the faith' you only have to revisit your original reasons for getting involved with this company.
In my case, I saw a project that has the potential to greatly benefit the economy of and area of the country that has been waiting for something like this for years. It is an area of the country that I know very little else about, I was introduced to it when my son spent 3 years a Teesside University, economically struggling but great people. Project completion is the main thing I want to see happen and of course, if I can make some money at the same time that will please me even more. I have not risked to much over my comfort threshold (about 15% over at my last and final top-up prior to the end of Sept), so I will sit tight with everything crossed (fingers, eyes & sphericals) and will not be selling at any point this side of armageddon.
However, if you have broken the first rule of investing in the market and greatly overextended, you have only two courses of action, either cut your losses and head for the hills at your earliest convenience or join me with everything crossed (not comfortable, just don't move around too much!!). Worrying about hour by hour moves just uses up energy to no purpose.
p.s. longest post I have ever done and will ever do (you'll be glad to hear).
I wouldn't want a mentally ill/unstable teenager (manipulated by adults for political reasons) to 'endorse'any company I'm invested in thanks!
Yes WillJ thats my point really...If its so boom or bust,how can these institutions risk millions on pounds on shares that might be worthless?This would make me think all is well but is it..thats why I am confused.
Comment on Sirius by Martin Vander Weyer in this week’s Spectator. He outlines the current situation that we all know too well but supports Sirius on its organic and environmental potential and asks if Greta Thunberg should endorse it to break the financial deadlock! Chance would be a fine thing!
Saitoman- That's the chance you take when you invest in this type of venture, there will always be more risk than most other sectors but on the flip side thats why the rewards will be so astronomical within the next 2-3 years if everything goes to plan, with this share you need patience and a fairly large apatite for risk, it's not for the faint hearted, if everyone knew there was no risk to their capital and everything was going to run smoothly then everyone would be 100 % invested in here wouldn't they but obviously there are risky aspects to investing in this project, that has always been the case, LTH's have always accepted that.
Hang on a minute.there is a bit too much telling others how to behave here. We get plenty of de-ramping and we put up with that. I like the positivity some bring.so if its on with you cara we will just filter those we dont want to read for ourselves.
The languishing share price is obvious. The company needs funds and it's unclear where they will come from. Bonds are the preferred model but if they can't secure them then it's either bust or ah alternate raise. that's why the price is where it is
I should have added only in my opinion and please everyone do your own research before you decide if this will be a profitable project to put your money into.
Carondean- I stand by my thoughts that the sp could well be in the region of 20p-35p at some point this year IF all bonds are taken up and the next quarterly update states that everything is still on schedule (or possibly ahead of schedule) and of course still within budget.
Agreed SG,I have no doubt the mine will be a success..I stated that in my post.Its the fact that shareholders can get wiped out /taken out of the equation so easily that worries me.Patience is easy if there is no risk.If we all knew we would not get wiped out then I can wait two,three years for growth and divi's etc..
(5 weeks max) will at least bring the sp to a more deserving level for LTH's (20p-35p)
What are you on?
I have been with this share too long to remember....your history of price forecasts are one of the reasons LTH's here are given a bad name.
By whole means stay positive in bad times, but for everybody's sake give up on your forecasts.
Hopefully this will come good in a couple of years time.....but keep your expectations/emotions in check and please most on this board.
I cant share you worries, no.
This is not a bail-out. This is not Debenhams - that was a trading business, which was failing and dying.
This is a build out infrastructure project, which will lead to 100+ years of high-volume, high-margin product in a growth sector. They are completely different - don't forget the massive and recent investment earlier this year from institutions.
Robins.............. you won't believe how younger I'm getting, as Divs get closer.............!
saitoman........... no, you can post up all the high profile stock failures you want............!
All the best (and spell 'em correctly next time :()
Staying patient is the most difficult thing in the world ,when great gain or loss are a result of investment.I really ,really hope this is totally different than Debenhams,from which i lost all my money invested in them.I kept the faith and didn't sell as it was thought a package would emerge as its such a good long established company etc..etc..This is looking the same ,but different.The share price keeps going down,the shorts up and everyone says keep the faith and don't sell....heard it all before and lost it all.This is a neutral post from my own experience in recent months..I wont mention Carilian this time.Please tell me this is a totally different situation,but we seem to be dependent on the same bail out/money required/could go bust etc as before with debenhams and I am looking for reasons not to sell.I suspect the mine will get built and be successful but its our part in the process that worries me and how we can get wiped out like with Debenhams...Debenhams is still trading and has shops everywhere but no shareholders.Can anyone share my worries??????
Jones you are probably a bit younger than John and I but we are all keeping the faith.
It's just a matter of staying patient John, I understand that it can sometimes be a challenging thing as LTH's can see what the true value should be here so it becomes frustrating at times but a little more patience (5 weeks max) will at least bring the sp to a more deserving level for LTH's (20p-35p)
Just keep the faith LTH's and we will be rewarded!
Will it be disclosed who the ‘owners’ of the shares in the equity swap are?
Pure speculation but just wondering if this all bears any significance to the recent short position that Blackrock took up... aren’t they significant holders?
If so, the upcoming volatility (before possible bond sale?) that Citi are alledgedly avoiding through the equity swap could be taken advantage of by current share owners, could it not?
-Share price down in run up to bond sale (pre 3rd sept equity swap maturity) close short at a profit...
-equity swap matures after bond sale, sp up, pay Citi the difference out of short profit, share price increase value duly maintained +addition % interest as part of Equity swap?
Possible or not?
Like everyone, just trying to get my head around all this..
Avo.... he is not much better than Skier, or indeed Members......!!!!!
Crikey that is pretty rough on Casapinos, but your right he is subtle.
Avocet it is clear that the Citi deal hasn't had any positive affect on the sp , why I get cross is a lot of holders here are struggling to find reasons to stay in !!!! So as it seems a lot are in awe of the said person ? I think his comments are dangerous ... I freely admit he clearly knows more than me but I don't have to like his manner or his motives .... go through his history and tbh if some have listened and acted on his words they HAVE lost money ... Fact ...
Mark, shorters have to pay up the dividend.............!
so, in the long run, probs not...........!
All the best (time scales again :)
TBF avo........... ! (amps volts ohms that BTW :)
those two you mentioned, aren't a patch on Casa..........!
All the best (if they could read a book......... I'd be surprised :)
(hopefully) the last major issue - barring any construction problems, I really cannot see why the sp is languishing at or near 4 year lows (April 2015).
That was before we had planning permission , ST1, Part ST2, any take off agreements, any construction of any sort ( which is making amazing progress ) ETC ETC.
Given that the fundamentals are as good as they have ever been, to say it was oversold (RSI about 10) would be like saying Mount Everest is a bit big. It really ticks me off to see the price pushed down and held down like this while literally hundreds of millions of shares are changing hands, mainly between thousands of nervous PI's and a few very big, already very rich players, for a couple of pence more than they were then.
Even at 50% risked NPV with 10bn shares in issues ( the highest figure we are aware off being possible as present), the 13 mta sp is 59p to 87p and the 20mta sp is 85p to £1.22 using SXX Investor presentation figures.
Obviously that is in production 2921 and 2024 but 9p ? Really - talk about taking us for mugs.
The only people here making any money are shorters. Sad but true.
As we all know, Casapinos constantly talks his book, but he does it in a very subtle clever way.
He uses difficult words, and portrays himself as very very knowledgeable indeed.
Nevertheless, he will deramp if he is out, and subtly ramp when he is in.
Dont pay too much attention to him, he is not much better than Skier, or indeed Members.