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Myo, I may hang on a while then if that possible viewing transpires.
Later in the year I have to do a flight plan as part of my pilot training. My instructor has said we can go anywhere I fancy. I may incorporate a visit to Woodsmith as part of that providing there are no restrictions.
Powerful and emotive words there. You've convinced me to get up there to try to soak up some of the local atmosphere.
I'm proud too even though I've never been to that part of the world. Proud to have been here from the beginning, to have written to the council supporting planning permission and to have helped prop the project up financially by taking up the two open offers.
I've got my own business too so it's wonderful to hear local businesses being supported by our endeavour.
As a favour to us all on here if I buy you a tape measure could you nip over that screening each time you're passing and take a measurement from the back of the TBM to the portal entry?
After god knows how many years invested here I have told myself I should get myself up there to have a look at where my hard earned is going. I haven't because I've also told myself there's nothing I'll manage to see.
But you would suggest otherwise clearly.
I think if Fraser found $4bn down the back of the sofa at Sirius HQ it wouldn't be enough to move this bloody share at the moment!
But move it shall.
Of that I have no doubt.
The less it moves on news such as the past few days the tighter that spring tensions which shall eventually shoot it upwards.
Hi John2015
Maybe those selling have the taxman on their back and need to raise some money quickly.
Maybe a money grabbing ex is taking them to the cleaners.
Maybe they want to pay university costs for one of their children.
Perhaps they need the money to pay for a child's marriage or to buy their son or daughter a house so as to get them on the housing ladder.
They could have decided to sell a tranche at 600% to buy a motorhome or a yacht to see the world now as they feel they don't want to wait any longer for Sirius to go up any further.
God forbid their doctor has told them they have just months to live and so have decided to go on a mad last spending spree.
The point is, just as it's not known what those selling at bought at neither too is it known why they are selling.
One thing is for certain: whilst sometimes people have to sell they never have to buy.
John 2015
Not 3% but perhaps 600% if you sold a tranche bought at 2p?
Thanks for the heads up DGR.
A monumental day surely but with no fanfare that has virtually slipped under the radar.
With yesterday's news too it feels like construction is now moving up a gear.
Tasteforlife
You can still work and have a life.
As for your question who would work if they didn't have to.
How about Chris Fraser.
As you Saitorman each to their own and whatever suits the individual.
I'm on holiday this week up in the peak district doing a week of rock climbing and mountain biking. Gotta get back home by Saturday for my flying lesson.
That's why I want these bloody shares paying a divi because I want to buy an aeroplane. Nothing fancy. Just a two seater I can get to Scotland and Jersey in.
You want to retire at 50!
50!
What the bloody hell do you want to do that for?
I'm 52 and have been working in some way shape or form since I was 11 doing a milk round. My old man's still working at 80!
You'll be bored out of your head before your 51!
I'm already spending my income on things based on Sirius getting to a couple of quid a share in ten years.
So Sirius is already paying me back.
I think.
Saitorman
That's made me smile you saying how we'd all invest more if we were confident.
You're clearly not aware of what some posters on here have invested percentage wise of their net worth.
I'm in the camp that believes a divi payment shall be made before debt is fully paid off. Even if just an initial token payment to reward us long term holders for our patience and belief in getting this project of ours to fruition.
There are more informed posters than I who can impart and inform you of the divi extrapolations.
As a long term holder who's here for the dividends I'm just letting the mine build run its hopefully projected course and let the divis just sort themselves out. I feel that there's too much between now and their deliverance to focus on and to sort out first.
Whilst I'm here for the divi I want the share price up too.
Either way, after stage 2 those payments are more certain just by virtue of us raising the finance.
Neofightious
I'm in the camp that believes a divi payment shall be made before debt is fully paid off. Even if just an initial token payment to reward us long term holders for our patience and belief in getting this project of ours to fruition.
There are more informed posters than I who can impart and inform you of the divi extrapolations.
As a long term holder who's here for the dividends I'm just letting the mine build run its hopefully projected course and let the divis just sort themselves out. I feel that there's too much between now and their deliverance to focus on and to sort out first.
Whilst I'm here for the divi I want the share price up too.
Either way, after stage 2 those payments are more certain just by virtue of us raising the finance.
Neofightious
I'm curious as to why you're seeing divis as less clear now after our recent financing deal?
Saitoman
If you're saying we shall get a 10p divi after a 50/1 consolidation (which I think you are) then that would mean, roughly, without consolidation we're looking at an equivalent of 0.2p per share with current share volume.
Is that what you are saying?
If so, then all current extrapolations must be way out.
Or your sums are way way out.
Guided and persuaded by a previous investment that has nothing to do with or has no comparison with our undertaking?
JTS13
I think you may be missing / ignoring the whole point of open offers. Extra shares are offered to help the company you are invested in to move forward and survive.
You're looking at it like a trader; investors approach such things rather differently.
Apologies for spelling mistakes in that last post. Just got back home after a day on the hills on my mountain bike and my digits aren't moving properly.
Evening GK
Just to clarify, are you saying 13mtpa from 2024?
If so and if it transpires then cinfirmation of this would surely push us well north of here.
I've been of the opinion now for a while that Fraser has some aces up his sleeve. Mainly to do with construction progress. If we can have some good news regrading that too then maybe the long awaited and illusive J-curve is upon us.
GK
I concur with your overhang viewpoint. Comparing to stage 1 is like apples and pears. Not so sure about us being put into a position where we were ' up against it'. There's a lot we don't know, or ever likely to, regarding funding negotiations. I think the fact Fraser had JPM as a fallback / alternative option shows he was covering his and our arses as best as he could under the circumstances.
Have to admit that I don't absorb the minutia of construction progress and the exactness of the timelines, although I do enjoy learning the intricacies of our progress as imparted by the likes of yourself and Myosotis et al. So my question is our ability to go straight to 13mtpa as you state we may considering the construction build is initially for 10mtpa.
As for the conspiracy to move holdings from Pi to II there's surely nothing to discuss: as you state, no one is forced to press the S button.
I would expect the CIC (Chinese Investment Corporation) to show their hand with us too at some point. As the Chinese Belt and Road initiative reaches its questionable and dubious tentacles further across the globe I think we shall no doubt be in their sights. Not necessarily for a take over but certainly a major holding. With a major stake of 12.5% in Russisn potash fertiliser Uralkali in their hands our disruptive product shall surely be on their radar. Those figures are from 2013 as I can't find out any more recent.
For a few years now we've been talking on here about major Investment Institutions building up sizeable stakes once stage 2 was confirmed. Despite the $500m bonds yet to be sold it seems clear that process is now underway. Once implied strategies by such investment houses are laid bare then perhaps at these levels holdings shall be rapidly increased whilst there is still the opportunity.
Personally I don't see much of a correlation between recent OO and the aftermath of Stage 1 OO now that these sovereign wealth funds and major investment houses have put their heads above the parapet.
RuSirius
You seem to be blaming Fraser for Yuen Low's forecast?
Also, did Fraser promise you a J curve or, as you stated, was such a thing just his thought it could be about to happen?