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I don't think we can expect a rebound on the SP unless there is good news - that isn't a reflection on SM.s prospects - it is simply because there are so many traders in now that they will be manipulating the SP up and down for short term profits.
Ideally the SP should be over 7p - the falling average - to be safer from another step down but this may be wishful thinking.
We need some good news!!!
I agree Richard. It's maybe one of the disadvantages of having a significant amount of pi's with regards to panic selling - which is also understanding. People want to protect their capital. Stability then a gradual rise back to the latest broker target over the coming months will be good. I think we will hear news of a deal before Christmas
Just listened to the conference call and from what was said I feel that the drop from 10p to where the sp is now is a major overreaction imo, obviously time will tell if that is the case but having now listened to the call I'm not anywhere near concerned as a couple of days ago when the hysteria on here and in the press was at it's peak, fortunately it does seem to have calmed down now and people are starting to realise that it is still highly likely that the project will still be completed more or less on time and within budget.
I think that the sp will settle in the 5-10p range until news then presuming the news confirms that the finance is sorted then just the fact that the finance has finally been secured and everything is on track for first poly in 2021 then the sp should move back to 20p + at least but of course that is dependant on the finance being raised.
It did seem from the call that the profile of the company has risen over the last few months which in turn has brought interest from new investment avenues and as CF stated moving away from JPM and all of the conditions that they attached could actually mean that by going in a different direction the co and shareholders could end up with a more favourable deal so all in all it is most defiantly not all doom and gloom and in effect the company has taken the sensible approach of re-accessing the best way to move forward with a up to maximum 6 month delay, Iv'e been waiting patiently for 6 years now so another 6 months will fly by.
Any I think LTH's are still in safe hands and still expect that investors who paid 50p in August 2016 will quite possibly see there holding in profit at some point within the next 2 years.
Just my opinion, please everyone do your own research before investing. Good luck everyone (apart from shorters obviously)
Its interesting that's for sure. I could significantly average down to around 4.7p if I bought all shares I could at 4.3p. would leave me with around 4m shares in this... I think I'll leave it where I am with my holding for now though. Any sign of a deal and this would likely double back up IMO (which is why it's tempting).
Have a good weekend
Darylj, that was the part that made my ears prick up! I hope the share price stays low enough for me to buy more and get my average down!
If you sold out at a massive loss and now want sympathy for it then I'm afraid I have none, your sell was an uneducated one through thinking terminally....I do however have sympathy for all who still hold that are currently 80% down and I do believe there is a turnaround going to happen
I hope you're onto something here...
Chris was asked a question with regards to the bonds from Liberium Capital. His response was below...
He does believe the bond market is a place where Sirius can secure capital at an appropriate time.
He went on to say (not word for word, but just about)...
Taking this period of time to re-look at the development itself, to explore over avenues of capital that has come forward as a result of going to the bond market and raising the profile of the project to a whole different group of investors. He thinks there is opportunity that lay in there that Sirius can explore that ultimately may lead us to an outcome that gives us a pathway that is potentially better than where we were before.
I'd say he was cautious in his approach (as he should be). Reading between the lines, he couldn't say anything. But for him to say that last sentence, suggests he's seen offers that are somewhat interesting.
Food for thought... have a good weekend all.