Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Myo, Angry Mob baying for blood? Which type of mob do you think we are then? The Luddites or the people standing outside the court waiting for Bernie Madoff to turn up. We all appreciate that things might change and Cf and the BoD might just say "sorry guys, April Fools, it was never our intention to take this company private" (where did we all hear that before), and I hope and pray they do. But the heavily stacked reality will be what we all expect. I do not believe that this has played its course yet and I do not believe that the IIs will simply stand buy and say, sure take our money. As time goes by our options are less and less.
Hello Ambience, After our meeting the other day the ShareSoc BoD are discussing internally the best course of action. Not much else can be said on this BB. Sorry.
To answer your questions Tex - Details of the conversation cannot be posted on this forum for obvious reasons. I understand your frustration, however I can assure you that Yash88 has all investors benefit at heart.
Appreciate your candor Myo. Fingers crossed.
Hello Myo, I would like to speak with you about something. Could you please send an email to the following address (which I have created solely for this purpose and I suggest you create your own bogus email address to start off with). In the email write a six digit number. When I have received your email (and hopefully not too many others, I will ask you to post the six digit number on this site to allow me to seek the correct Myo. I will then contact you. Regards
areyeesiriusathotmail dot com - you will figure it out.
A meeting was held last night. Cannot say anymore for the time being as further discussions are ongoing. Vote No
In short he said that the share price would follow that trajectory. See RuSirius post Tuesday 23.02
Actually RuSirius, that is pretty good and gives a good background to teh J Curve affair. Thanks.
Thanks again all, some interesting information and I ask you again to keep it coming. I would especially would like to hear about the J Curve comment, where was it made, was it preceded by a legal warning. I would also urge anyone interested to join up with ShareSoc as a paid up member. These guys do valuable work on a no fee basis....but we all must eat. Thanks
I understand the reasoning of wanting to keep CF on board until the mine is completed, but I do not see how offering him a job in AA does not breach ethics and compliance. Its tantamount to a bribe.
Obviously no one has anything to post unless trash talk and derogatory remarks are allowed. Feel free to hit me with it.....concerning BoD and CEO. I need a history.
Thanks for the posts. I have started logging and will write a dossier. Keep em coming.
Because he knew something we didn't??
Further to my update on ShareSoc (see thread posted at 3.33) can you use this thread for posting links to CEO's comments made in the past, such as J curve comment, any MoM for the AGMS, You tube links. Newspaper articles, twitter statements, etc, etc. Anything on the BoD also. This will be a big task. Appreciate everyone's help. Please no trash talk or derogatory remarks.
Difficult to prove without access to existing documents, however it might be worth investigating. Are we being told the full story? Has everything been disclosed? I for one would like to understand what has been going on between September 2019 and today. Whilst waiting for a response from ShareSoc, I would like to build a dossier of the CEO’s statements, when and where they were made and the possible impact they may have had. I request your help on this. I shall set up another chat thread, whereby people can post links to news articles, video clips, AGM MoMs, etc, etc. I shall collate all the information into one pack and over the coming weeks try to digest what we have. This might come in handy if or when we all decide to mount a legal challenge. I do not believe that such a challenge is possible until AAL offer is made – afterall they may come back and increase the number. Yesterday I wrote to Sirius asking them to clarify why the shareholders have not been approached to fund the 600million required to get us to first production. I do not expect a response as this is the second time I have requested such reasoning. It might be worthwhile others seeking the same information from Sirius. If no response is forthcoming by next week I shall draft a letter to Sirius demanding a response; I feel shareholders should be advised of the thinking behind no RI. Please do not post derogatory remarks against myself or anyone else. I still believe in Sirius and I believe that it should belong to the people who have stuck with it from day one (I am not one of these, as I have only been here since 2015).
Dear All, as mentioned the other day I have been trying to get in touch with ShareSoc to discuss our case. I tried ringing three times yesterday and the call would only go through to voicemail. I left them messages and requested a call back. This morning I checked my mail and I received the following:
Dear XXX,
Thank you for taking the time to contact us regarding Sirius Minerals.
We have received a number of messages regarding this and our board of directors are currently discussing ways in which we can best support individual shareholders who have been impacted. Your comments have been forwarded to the board and I have also ensured Chris Spencer-Phillips is aware of your message.
Please keep an eye on our Blog for further information and updates. You can also support ShareSoc by registering as a member if you haven’t already done so.
We will be in touch again soon.
Kindest regards,
The ShareSoc Team.
I believe ShareSoc have been inundated by SXX shareholders hence the reason for the delayed response and the cautious approach. This is not a simple case and will require an in-depth review of the facts as they currently stand and stood in the past. I do not think we have much of a case by attacking the CEO and BoD for incompetence as this will be brushed aside as one of those things that we could have controlled through AGM and voting. I do believe that we have been kept in the dark, deliberately manipulated and company has been steered onto the beach (low share price) for nice cheap take over. How do we prove this, without access to the pile of data at Sirius offices? I believe we have to prove that the CEO and the BoD have broken their responsibilities to the shareholders. For example, A CEO's legal responsibilities to his company's shareholders are broken down into three distinct fiduciary duties: the duty of care, the duty of loyalty and the duty of disclosure. Has the CEO renounced his duty of care by not seeking shareholder funding for the 600 Mill USD? I am not aware (I did ask Bucky the other day, and he may have already responded, but have been unable to catch up on the blog) of the CEO or the BOD stating that a rights issue is not a viable alternative to AAL offer. Were shareholders advised to seek professional advice when the CEO made the J curve comments (again I was not there and have no details about it other than what has been stated on this BB). In a recent statement in the times the CEO stated that his duty is to get the mine built, which is a digression to earlier comments whereby he stated he would unlock the company potential for the shareholders. Selling out at a low ball price is not looking after the interests of shareholders (it could be argued that new shareholders are OK) and that the mine is being built. His off the cuff comments regarding the taking the company private did not help – a planned statement? Has there been a lack of loyalty?
Hi Yuri, thanks for your response and your point of view. What I have seen so far is many people of similar thinking all working in opposite directions. We need to all start pulling in the same direction with greater efficiency. I for one am not a vigilante and I am sure the other that have joined are not either. I fully understand your point of view with having a plan and I am glad to see you are in the process of generating one - other will also generate their own for us all to discuss and agree. The first plan is to generate a group who communicate outside this BB - we need to understand how many people we have and to grow the group. The second plan is to understand and know our rights - I appreciate getting an EGM arrange would be useful, but how do you go about that if we do not have a cohesive set of people to decide and communicate and execute that decision. If we had a full list of shareholders we could do that in a heart beat, but we do not. As mentioned earlier, my intention is to communicate with sharesoc (in fact someone of the facebook is ahead of me in this instance) discuss what our true options are and move ahead - even maybe arranging a F2F meeting with all those interested in the Midlands somewhere. We have to have patience and stick together.
I see that KHO has provided a response to your earlier email at 15:10. I could not have done it better. We are being kept in the dark. Why were we not told about AA in November instead of hearing CF say I am confident we shall get financing - listen to the podcast again.
I haven't had time to hear the last conference calls Sirius or the AA one. Easy to say it was not viable and not have anyone there to question the reason behind the judgement. Appreciate it if you can find out what was said. I'm in a totally different time zone and it is time to sign off. Thanks for the help.
That would be my question to the BoD and Fraser. Between November and now, other than showing your mates around the site, what approaches have you made to secure funding and what thoughts, if any, have you given to a rights issue. As LTW states, shareholders can lose all of it, recoup a fraction of it or have a fighting chance at making it work long term by still owning it. Why not give us the chance to fund the derisking and if we cannot manage it so be it. Selling us all down the swanny seems the easy way out.
Watch Ellen Brockovich. Truly inspiring true story of a never say die attitude.