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...more focussed and patient investors... even

Bicko

Same old same old tomorrow for me.

And Friday.

RNS early next week stating construction update and Stage2 talks still ongoing.

Outrage by inpatient, frustrated, nervous investors crying foul, having been lied to and cheated by duplicitous BOD.

Share price languishing around 20p going into May as impatient protestations grow ever more louder by frustrated investors who in all honesty are in a share not suitable to their comfortable risk level. All the time more focused and impatient investors calmly waiting, some still mopping up shares until long awaited RNS finally drops a few weeks into May.

Hope I'm wrong and it drops tomorrow, but don't feel it shall.

AlanG

I don't think I've ever come across anyone such as yourself who continually time after time keeps putting two and two together and coming up with any number but four. Your opinions lack even the most basic research and your responses to criticism are totally detached from reality.

I simply pointed out to your quote that 'JPM don't back losers' as incorrect by citing one of their huge losses. From that you then accuse me of not recognising the global success of JPM, which I in fact do, and then pass off said loss as of little consequence as something that would not even register in their wealth. You may want to do a bit of research into that comment AlanG as that's certainly not how it was seen by JPM or the financial world at the time.

I've said many times my knowledge here is nothing in comparison to most others and I have learned a hell of a lot from the likes of Myosotis, GK, PAAA et al. I don't contribute to this board very often but when I do I try to be accurate in my observations and opinions and if I am corrected I consider that criticism objectively.

Maybe you could think about doing the same.

You can mention the D word now if you want to.

Talk about a non sequitur.

Of what purpose or relevance are JPM's successes when your quote that lacked even the most basic google search has been proven incorrect?

'JPM don't back losers!'

Yet another AlanG ism.

What about Steinhoff?

$273million loss in one quarter through backing this South African retailer.

It seems perfectly clear after today that we are split into two camps here: those who believe if stage 2 isn't sorted by the end of the month they shall have be lied to, misled and let down by a duplicitous BOD and those of us who shall instead just shrug our shoulders and continue to wait for conformation.

Let's hope we're all happy and they tell us.

Then we can start having difference of opinions regarding RNS construction updates.

Exactly Scotman.

Talking of bikes I'm just about to get on mine for several hours in the peak district. I know one thing for sure, I won't be worrying about my investment whilst I am.

Have a good Easter.

No Dickyboy I'm not being obtuse in the slightest. I just read the RNS statements with a fine toothed comb for that way I become a more patient and less nervous investor. By doing so I also help to avoid many of the disappointments other investors feel at times.

If you think about it how can Fraser several weeks before the end of April give a promise finance shall be sorted by a given date when the decision is not his to make.

In your reply you state ' obtaining firm commitments... ' . My point is those words in the RNS before ' obtaining firm commitments....'

So no, not being obtuse at all. Just putting across how I see and read things.

Dickyboy

Where have the company stated that the finance shall be sorted by the end of April?

Jesse

I honestly do believe we're in the driving seat here now. But only now with construction progress and an alternative potential investor. However, that doesn't equate to us calling the shots. Merely what I was trying to convey was that our undertaking was so well advanced concerning construction and timeline that interested parties for stage2 funding have to be aware we can have other investors in the wings.

Jonesrichard

Yes they didn't have to say by the end of April, but by doing so does this or does this not make those we're now in discussions with think about their timeline for confirmation or not?

They are now in negotiations with a company that has mentioned the end of April to its shareholders and a company that has a proven track record of going elsewhere when it feels heels are being dragged.

We're in the driving seat here now I believe. We have a potentially disruptive product gaining ever more credence, eg Boulby focus, off takes, a state of the art mine etc etc. The list of positives goes on and on. We are the ones being sought.

Dayt

It can't be delayed if it hasn't been promised.

I've been invested here since 2p and have bought up to 24p. This is a potentially life changing share with the ability to make you vast amounts of money if you play it right. It always has been.

Investors are getting twitchy now because it's getting close to crunch time. For many that's the end of this month but personally it's when our money starts running out over the summer if we still don't have stage2 in the bag by then.

To me, the recent suspension of talks over funding was a positive step. It puts us in a commanding position as I see it. Whoever this institution / soverign wealth fund / wealthy individual is they know that if CF was in secret negotiations with them during his known talks with the banks he could well be in talks now with another quite literally third party. They'll have that in the back of their minds knowing our money runs out over the summer so if they want to invest they'd better make their bloody mind up.

And we all know what a fantastic investment opportunity this is.

CF is ruthless when it comes to business. He does things correctly (planning delay to get it perfect for approval) through to shaft sinking contracts being given to another, unexpected company.

This talk that berates him and of him being a liar and letting us down is pure crap as far as I'm concerned.

Stage2 shall be sorted with the best terms possible and those that have the belief and the patience shall be handsomely rewarded over the coming years.

Jonesrichard

You haven't misinterpreted the March RNS if you believe the end of April is being worked on to get confirmation of stage2 funding. However, you have, to me at least, misinterpreted it if you have read the RNS as giving the end of the month as a last remaining date that is set in stone.

You're correct in saying they didn't need to mention the end of April but the manner in which they have doesn't on the other hand constitute a firm promise.

It's just the way I read and see it. The same way the word 'intended' was put in CFs official company statement a while back regarding no dilution at stage2 funding.

KOH

Good post.

Misinterpretation of carefully crafted and intentionally worded company statements are the reasons some investors feel cheated and 'lied' to, such as stage 1 funding, RNS announcement regarding quarterly updates, so-called promises concerning stage2 dilution etc etc.

Instead of hearing what they would like to hear when reading official announcements and comments by those in the know when interviewed or put on the spot by probing questions it would be far better to put the words under a microscope and to read them with actuality.

This stage2 funding announcement and it's definite deadline by the end of April is a perfect example of such misinterpretation. At no point have we been told by our company that the deal shall be secured or not be by the end of the month, yet repeated references to it have to some coalesced into the belief such a thing has been promised. It's such thinking that shall lead some to cry foul, lied to and cheating if it doesn't materialise by the month's end.

Interesting figures you lay down there GK re correlation between RofG of sp/Mcap over past eight years. SP increase10% of Mcap growth with current Mcap said to be approximately 10% of NPV after successful stage2 funding.

Let's hope the share price starts to correct some of that inconsistency once financing is in the bag.

Hope you're correct regarding issuance of new stock but I for one am prepared for another doubling of shares in issue.

Hija Chesh

No I've certainly got no insight other than my gut feeling those forking out the money shall want a fair chunk of a state of the art mine with a hundred year life producing a disruptive form of potash that has the potential to turn the fertiliser market on its head.

After bond conversions and stage 2 dilution I feel we shall be circa 10 bn shares.

Yes it is a big number but even at that should take us on an eventual multiple worthy of investing.

Was it $14.8bn NPV on successful stage 2 completion rising to $28bn NPV at 20mtpa?

Hi GK

To what extent do you anticipate possible dilution?

I'm anticipating and have been for a good while now an extra circa 4bn shares.

Regards

Sxx-Pound-party Viz you mention! Now that is a blast from my past! There's a few posters on here who to me mirror some of those comic's characters. I like to think of myself and other long term holders akin to Buster Gonad and his amazingly large testicles who had to carry his balls around in a wheelbarrow because they were that large. Whilst Motley Fool's contributor may not have the balls to invest here maybe he's more like the character Roger Mellie's catchphrase because that's what he's talking: ' Hello. Good evening and *******s '.

Jingles66 Always nice to get an update from someone local as to how things are actually progressing in the real world. The technical analysis from posters is good to learn but you can't beat how our undertaking is feeling by those living close to it. I'm in the Midlands and have never even been to your area of the world, although over the past ten years it has become increasingly like a spiritual home to me. I've thought about popping up to see our progression but having listened to those who have done so it seems a long way to travel to have a look at a wall and a set of gates. Obviously I'm here for the money. Hopefully lots of it, but it's great to be putting money into something creating jobs and helping the national economy too. As someone who is self employed and works on my own I've always wanted to put something back so to speak by employing people but have been unable to directly through my employment. As such, stumping up money for our stage1 funding gave me an enormous sense of pride in knowing it was going towards creating jobs somewhere. I've invested in shares all of my life but never felt so connected and involved in a company such as Sirius. I know in some way shape or form I shall be here forever, watching us hopefully grow into all that CF envisages. Please keep us updated occasionally from the real viewpoint.

Casapinos / Paaa Kinda says it all really. Could not disagree with a word either of you say. There's much impatience, concern and worry amongst investors here. Well, I say investors, but in reality more like speculators. Sirius has always been an investment for the extremely patient and focussed who know the potential of unexpected pitfalls and changes of plan and direction to get to our end goal.