London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
One positive outcome of the last 24 hours has been the amazing community spirt shown on this bb..... On the whole. IMO.
I think most of us have been quietly (or loudly) $#! Tt! NG our selves at the apparent bombshell dropped in the mail. The amount of research and time people have devoted in trying to make sense of the implications and help each other is awesome. Over 500 posts. Most of which have been trying to help others understand the possible implications.
From the woodwork, naming no names, the usual suspects have emerged and clearly revealed their agenda. These though appear to be the minority. I now know with greater certainty who I can trust now. Of course it remains to be seen how this will impact the Sp direction. However it seems that it has flushed one possible scenario out as non preffered option. Which is one step forward.
I still believe in the project but realistically it will probably be 5 to 10 years till I see any sort of return. Speaking for my self I'm comfortable with that.
Genuine good luck to all.
ATB. LB.
I agree, the derampers/trolls were getting really excited last night/this morning that they may get their wish and the company fail but sad day for them as the company have unequivocally and categorically stated that they are not going the private route, the derampers/trolls are gutted no doubt, they had their moment in the sun just after the strategic review news was released, since then the sp hasn't gone to 1.5p/zero as they/their bosses were hoping.
But there's still a potential to trigger firesale ("taking private" etc.) because direct private shareholding isn't working for ISA/SIPP accounts (only via funds) and most of these PI/SH (I would guess only max of 15% shares belong to 90% of 80K retail shareholders) have tied portfolios with some sort of long-term tax saving incentives (e.g. SIPP/ISA) at least partially.
IMO - there are understandable reasons behind recent "news" attack.
I remember CF saying stage 2 financing would be 100% debt. He has a habit of changing his mind!! Until this, no one here even considered the prospect of this Co. going private or being de-listed. Those words have only come from him, reasonably sure any interview given would have been recorded as well !!!
Given the chaos caused by the DM article and the fact that Sxx have now stated that the comments were out of context, it would be good for Sxx to also explain what CFs comments related to. I for one would like to know exactly what he said around going private and in what context.
He could be right, could be 100%.but who's dept.
Also, why, why, why talk to the DM? What was the purpose of the interview and when did he speak to them?
Be patient jonesrichard, 1.5p is nearly here.
And 'financial guru' CF is doing his best to get it as low as possible in shortest time.
It is toss-up between you two who is most deluded fool on this island. Truly astonishingly stupid statements you two today.
We can forgive you, because you are just a bbm. But from listed companies ceo? He made himself and sxx super toxic. No wonder nobody is lending him a penny.
Re: Gadzuric ... And 'financial guru' ...
IMO - please double-check structure/operations and BoD of SXX
CF is CEO (although with financial background too, but specializing more on mining), not CFO,
CFO in SM is TJS (BTW - also Australian)
therefore financial part (offers, proposals, deal details, etc.) is on TJS mostly,
CF more on approval side (although mostly all in BoD do pull their connections for external parties)
and negotiating deals as part of a team.
all IMO.