Member Info for Andrew4444

Tex

Agreed. On a separate but related point, there have been a lot of spiteful nasty people on here enjoying others misfortune but there have also been others constantly saying that all will be fine and encouraging others to average down or buy in. Now whatever their motivation, selfish or just naïve, they should be careful taking the moral high ground against others as they could be causing others to lose money. Silly comments like - don't worry its a tree shake. How many tree shakes do you need before its a collapse of sp ! Some where saying stay strong ignore the bashers when sp was x3 it is now.

As you say this is a gamble which, despite what some claim on here, no one knows how this will play out. Possible go bust or possible 10 bag in a few years.

I’ve been looking at this for 18 months and not invested as it was too risky, for me anyway, until funding was complete. I am 60/40 in favour that Sirius will still be owners in a years time but after more dilution so will be looking to invest after sp has fallen further after finance agreed (if that happens). I think this will 10 bag from its lowest sp point - assuming funding is agreed at some point. Of course that may never happen and it could go under.

Why are so many buying now ? Probably for trade as this seems to me to be a traders share and many expect a spike or quick 20% and they will be out.

Good luck to any LTHs still in - you deserve a bit of luck after what you’ve been through.

I've mentioned this point a few times before. CB has said in pod casts / presentations we are profit making. We have never been profit making against ALL co costs but have been against alluvial operations. CB was being a bit misleading with those comments IMHO.

If he gets this to 6p in 2 years I'll forgive him :)

Interesting para below from CB. Hopefully more detail and update soon.

'The higher gold price has resulted in several mining companies approaching us to work the terrace alluvials, as well as small concessions the Company holds in the Manica region. We continue with our discussions and one company has been allowed to carry out trial mining on the terraces, whilst another is carrying out exploration on an adjoining concession'

Jimmy

I agree with alot of what you say but don't believe its definitely game over for shareholders. There will almost certainly be more dilution to get the finance away but even at a circa 2p sp (after dilution) this could still 10 bag after mine built + production in 5 years.

Its 50/50 IMHO if it is still owned by sirius in a years time. But not over for LTHs yet.

Tex

I think 20p is realistic in 5 years.

IF this is company is still owned by Sirius min in 5 years (60/40 it will IMHO) then that will be after dilution probably via warrents to help move the bonds. The sp may well fall to circa 2p but assuming it is then fully funded + mine complete + production then 10 bag from there is realistic in 5 years.

Still hope here but lets not give false hope by keep expecting the government to intervene. They have no need to as the mine will get built by someone (hopefully sirius) and the jobs will be created and the tax revenue will happen. So the gov will get what it wants.

Gov will not and should not intervene just to help shareholders of a PLC.

Bugsy

That's my view as well. Been watching this for a year but not invested .....yet.

Would rather have a good change of say a 3 bag then 50/50 or either 10 bag or zero.

Gary

Good questions but the truth is no one knows, and tbh I don't think it really matters. I'm looking at the big picture and believe that the fundamentals here, or more specifically at Fairbride, will see the SP re rate within 18 months.

As a LTH, I've learnt not to believe everything CB says and I don't think his predictions or timescales will all happen as he has sated (have they ever!). He states aspirations not realistic predictions. But I do think we will get significant income from FB starting sometime next year and that the SP will be much higher within 12 months than it is now.

IF sp does drop nearer to 1p I'll be buying.

AIMHO

DYOR

OmR

At close yesterday I said I thought there could be a large sell being worked only because the sp had gone down even though there had been two big buys (I assumed the 2 x 2m were buys). I think you are correct and the large sell has been around since yesterday – which explains a lot.

As this keeps bouncing off 1.2p I would expect this to move up now but unless we get substantial news such as income announced, rather than the usual RNS saying “nothing has gone wrong – all on plan” I think momentum would then be lost after any rise to 1.3p+ and then we retrace back down, yet again, to circa 1.2p. I think, (hope) 1.2p is the support level.

Today's SP movement makes sense now. Massive after hours sell been reported.

Mike

You've really dropped me in it now!

I knew it was me who said it but didn't want to admit to it as some on here may have accused me of being negative :-).

I'll now be as welcome as a remainer at a Brexit meeting !

Can't remember who said this could fall back to 1.2p this morning, but ASK now has hit 1.2p.

If this follows usual pattern we should now be going back-up to 1.3p over next week or so.

Not too sure whats happening here. I can buy the same amount of the 1.28p buy (10 mins ago), now at 1.269. !!

Ask now 1.31p and I can buy loads without that changing. Looks like this could move back to usual circa 1.2p base over next few days if we dont get another booster RNS??

We'll see.

ASK dropped sharply right at close to 1.33p. Big sell being worked??

Poor bugger who bought the 4m may well find he could have bought a lot cheaper tomorrow...unless we get and RNS.

Pepe

If you believe some on here, then you should, in time, double your money even at 8p average ! I think 6p is realistic within 2 years due to Manica - copper plays has a lot more risk so we'll see how that plays out.

If funds allow, I would say that averaging down from 8p would not be a bad idea. You should at least get your money back (at 6p average) and may even make a few quid depending on your new average.

Obviously AIMHO. Good luck with whatever you do.

Kiwi

Over the years of many saying N/T - it appears that many who cant buy have platforms with banks. X-o is very basic but does what I want ie lets me buy and sell shares when I want! IG has a good rep and is more sophisticated than x-o.

x-o is defacto Jarvis securities. I've never had n/t with them and I've been here 7 years

The premium quote was the last dummy buy at the end of the afternoon. All other quotes were at price. I am sure I could have got a quote for much more than 750K but can only get a quote against cash holding .

Kiwi

If you're having a problem filling an order then may be best to change your broker.

I'm with x-o platform and did 6 dummy buys throughout the day (usually when it was reported that it was N/T or no stock about) for between 500K and 750K. Every time I got a quote straight away.

I think 1.43p was the highest ASK late afternoon - but I could still buy.

Kiwi

I'm sure you will be able to grab your 500K below 1.3p tomorrow.

The Ask went to 1.27p right after the RNS and then strarted to drop. If you held off buying tomorrow, I think there is a good chance of buying nearer 1.2p in a week or so's time.

AIMHO

Hello CE

Good point re volume of placing shares and plenty of selling when some reach their profit target. But lets not just focus on that.

For balance, over the next few months there should be (IMHO) some positive news and that should see, on some days at least, many more buys than sells and a day rise in the SP. So plenty of opportunity for those that like to dwell on such thing – so should be some very happy poster here.

NtM

Agreed.

I am confident the SP will be higher by end of Q1 than it is now - mainly due to FB as I'm not as convinced as some about the copper plays. In the short term this could well keep bouncing between 1.2 and just below 1.3 - like it has over last few weeks. More buys then sells, up we go, then more sells then buys, down we go.

Some are quick to comment on the good days with more buys then sells, or when sp is higher, but don't acknowledge the days when there are more sells then buys or sp lower.

I still think this will hit 6p within 2 years but the road is going to be bumpy.