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Bellers
Sorry to hear that your wife and yourself are going through that. Thoughts are with you.
I'm loaded up here too, except for my pension. I've put most of what I have into Sirius. Topped up yet again yesterday just below 15p.
Good luck to you.
You have a McLaren planned at 50p. I had a Ferrari planned at a quid but since I got into this flying malarky courtesy of Sirius, which I know you've done yourself, my four wheel treat has turned into something with wings.
Bellers
Be careful when that starting gun goes off. I'm expecting a large fall back in the share price after an initial spike. It may take a good few days or weeks to initially top out but I do envisage such a substantial fall back that it could leave some investors nursing paper losses for a prolonged period of time similar to those holding now who bought in the 20s and higher.
And I include myself in that current group having made my highest purchases at 27p.
This share is a massive learning curve for investing, but still euphoria mixed with human nature can lead to mistakes being repeated.
Milo
We're not missing anything. Markets like certainty. It's as simple as that. When we have the bonds sorted uncertainty about construction build on time and budget shall fill the vacuum left by their confirmation.
But hopefully at a higher share price.
John
Are we at the bit where the twin towers used to be?
Bloody hell Myo!
No offence but I'm glad your research is better than your jokes!
The irony is, as I said earlier today, Nelson was correct last week in his prediction.
God I hope he's not correct with his prediction for this Friday because I've put a buy order in for tomorrow at 15p.
Crash2020
We PIs certainly have had a rough ride.
Massive dilution for sure. Foreseen and expected? Certainly by many.
Broken promises you say. What broken promises were they?
Myo
Far from such posters running for final cover I'm of the opinion that they shall be running amongst us right up until production and maybe beyond.
There shall always be something in our undertaking to question, to sow the seeds of doubt about and to use to get stock as cheaply as possible.
Hi Slums
That made me laugh about Paul the octopus. The woman parked up in the car next to me even looked across.
Trouble is I'm sure even Paul the octopus gets some predictions correct. I wasn't aware of Nelson's other predictions you tell of but the one he made last week did just say big drop next week.
Here's to top ups regardless.
Slums
I don't know what Nelson has predicted on previous occasions but last week he simply said 'Big drop next week'. Whether it's a brief dip below 15p or something more sustained it's still a drop, and to me a big drop. Hence my recognition of the correct prediction. I appreciate it wasn't backed up with any reasoning but it was still accurate.
This constant hammering down of the share price is frustrating for us LTH but it does at least allow for top ups if possible.
Nelson
Credit where credit is due.
You did say last week that there would be a big drop this week to which I sarcastically asked if you could get it below 13p so I could top up. Fortunately for me my funds haven't cleared from some money I transferred last week between accounts otherwise I would have bought yesterday or Monday.
Think I'll wait a bit longer now.
Do we expect these shenanigans to stop after 9th August?
I'm thinking not.
Hi Chrisatbirdies
It's a hard lesson I learnt too on other shares.
If it works for some and they have made money or extra shares then great for them. If we're honest it's a system most investors have tried or thought about during their time in the stock market. Almost a rights of passage. But to fulminate about how clever you are in doing so, as some do, is by it's very nature to imply those that don't are... well, shall we say not so. If that is the case then it also questions the investment approach taken by major investment funds, sovereign wealth funds and those such as Warren Buffet.
In the interest of fair balance could we have some traders posting how much money they have lost riding the peaks and troughs of this share.
Apparently we're being conservative on the coupon too according to Proactive.
Better than 12% interest?
Verde
Even shorter answer: I know.
All the best.
Three week roadshow begins this week. I can't get the old Radio 1 summer road show out of my head. I have images of CF going around the seaside towns with Bruno Brooks, Keith 'Cheggers' Chegwin and Tony Blackburn trying to whip the investment gurus into an excited frenzy whilst shouting 'who wants to buy some bonds?'
Hi Verde
Thanks for reply. I realise off takes and planning etc would also be included but my thinking was that if we fail with our professionalism and the manner we have gone about / still going about things then why and how could anyone else think they could succeed..
Just thinking out loud with that question really.
As long as those buying the bonds are satisfied I don't give a stuff.
Hi Fred
You say that stage 1 and 2 dilutions were disappointing, but do you think that if thought so it's because of unrealistic expectations? A lot of attention when it comes to dilution fails to focus on how much greater it could have been considering the amount we are now raising through RCF. I know investors are hacked off at dilution but going back three years or so how else did they see the finance raising of a circa $5bn mine.
As for the share price reaction to what seems like imminent good news on financing: who knows? Many, me included, thought it would leap and, more crucially remain high, on planning approval. Then there was stage one funding, admission to FTSE after leaving AIM. Remember all the talk then about II jumping on board. Then stage 2 which obviously is still being played out. I believe in that promised J-Curve but in light of passed expectations I think I'll keep my excitement under control and keep putting those toilets and boilers in until my shares allow me to do otherwise.
Myo asked over the weekend whether CF needed some kind of proof to back up statements regarding tunnelling and shaft sinking rates possibly increasing rapidly. In my opinion Myo I don't think he does. I see him having said it in such a way that it's just a hopeful scenario with no promises or expectations.
Something which does puzzle me is this bond rating being secured. Secured on what? Of what use would a few holes in the ground and an unfinished tunnel be to anyone should we not succeed?
Myo
I think I'll stick to the 2 mtrs and 18 mtrs too until proven otherwise. I'm a big fan of CF and have come to his defence on many occasions but said promotional video is clearly aimed to bolster current monies required. As CF says himself it's an aggressive target and it may not be achieved. Words and phrases like 'aim to... Could do... Would like to...' can get investors excited but leave nothing promised.
Big week ahead that most here are now feeling but at the same time we need to keep a sense of perspective and our feet on the ground.
GK / gdshaw
Many thanks for your replies too. It is much appreciated. Having invested as much time as money into this company I at times feel lazy in not having read all of the available info that is out there to the nth degree as I probably should.
I shall do what you suggest GK with intentions over the weekend. I so wish you were correct about it being beer o'clock too, but alas not for me I'm afraid. I'm preparing my mountain bike for a weekend on the hills.
Have a good weekend all serious Sirius holders.
Thanks Myo / Duracell for swift reply.
I'd been under the impression that the forthcoming $500m bond released the RCF over time subject to certain construction targets being met but hadn't realised further down the line we would have to do what you state.
Thanks for those links Myo
One section I'm struggling with is where it states that we are obliged to issue more bonds each time the RCF balance reaches $500m and use the proceeds of those bonds to pay off the RCF balance.
Does this mean after this looming $500m raise we have to do this further down the line again?
I'm certainly no financial expert and it's no doubt my more mechanical brain that is tripping me up when I read that bit.