Member Info for Andygolf

John. Are you having a laugh. The RNS was a total disaster. Now we are sitting here worrying wether we will even get any straight debt for stage 2 funding. When have we ever felt that?
How can the government not providing guarantees until de risked and for less money be a positive.
Before yesterday’s RNS everyone thought worse case was 600 million dilution, 1.5 billion debt and 1.5 billion debt with the government acting as guarantor. After Monday’s news, what is the worst case scenario now.
And please people. Don’t be slating me and thinking I am being negative to deramp. This should be a grown up board to discuss these issues. Who’s going to discuss them? Or shall we just talk about topping up, and I bet you this will be 20.5p by close, which never happened.

Paaa.
Everyone was waiting for news of stage 2 by then. All expecting it in q3 maybe q4. We were all buzzing, but a little apprehensive that we might not get the full 3 billion as debt. Then that tweet came out. I remember as I was literally hovering over the sell button. i thought after that tweet we would be up up and away. Even when they said it was a mistake, lots thought the only mistake made was putting it on Twitter and not officially.

Nonsense. They didn’t press post to soon. They were hiking up the SP. I didn’t sell on the back of that tweet.

It takes supply to be less than demand.

Shep. Win the lottery, given it. What are you waffling about. KOH. It was the tweet. I know it was deleted but that’s what did it for me and my convictions. If that tweet hadn’t happened I think I would have sold some before that RNS came out.

Shep. How many actual shares has cf actually bought out of his own money? How much of his personal money is locked away in sxx shares?

Koh. That’s why I said September. I did say before that RNS about dilution that it would be 100% debt. That was the company line. I took it as gospel. Surely as an investor you should believe what the BOD are saying or get out.

Koh. There will be plenty of time for him to get more given to him
In bonuses etc. I am sure he isn’t losing sleep at the share price

Sheps. Why is that an idiotic statement. CF probably quite rightly doesn’t give 2 hoots for the PI. We are one press of the sell button away from having nothing to do with SXX.
I have said since September that the PI will pay for this mine by dilution and I stand by it. It was people like you who has said that CF will get this mine built and I have never disagreed with that, but where is he going to go if the banks keep stalling.

I bet you any money it doesn’t.

Myo. Ultimately money talks. That’s the bottom line. We need the money. All those things are great but not if we don’t get the money. Money money money. Show me the money.
Even CF didn’t sound too pleased about the due diligence going on with the legal teams all over the TOrps we have in place. In the money men eyes are they worth the paper they are wrote on.
I think I know why all this is hitting the fan though. The money men know they can make more money by screwing the PI over, than it would lending the money for 6% whatever it will be. CF also probably thinks it better for SXX to screw over the PI too.

Casual. News was bad. It could not really have been any worse. We need stage 2 money and as yet we have no idea if we are going to get it and time is no longer on our side. The government have moved the goalposts, the confirmation letters are no where to be seen, we now know we need to dilute 400-600 million before we get a penny from any banks, adding possible another billion shares on top of the ones yet to convert from stage 1.
Yet I will be moaned at for saying this. It’s a mess, and this mess is currently valuing the company at 1 billion pounds. I know lots of work has been carried out, but that is behind schedule and what value can you put on a few holes and concrete in the floor. I am gutted but that’s what it is currently.

LITC.
How can it be priced in when we don’t even know how we are going to raise the money, how much we need to raise and more importantly what share price we are going to do it at.
As long as it doesn’t involve one of those death spiral and we are hung by the short and curlies.

I have researched it. Hence I know it’s there. I don’t understand it, hence I am asking on a forum where questions are asked

Sheps8. What on Earth are you going on about. CF mentioned today that if they run out of money then they will have to delay the works until they have the money. I just want to know how this ties in with Gina and the clause she has with her investment in SXX.

What’s the reference in the prospectus telling us of what happens if SXX cannot get the stage 2 cash. What does Gina get it it’s a going concern. Can someone explain in laymen’s terms. I know CF stated today that of the money runs out prior to stage 2 finding then they will delay building, but I thought Gina was able to swoop in if money wasn’t there. Anyone?

I can see 12 month low this week.

It is quite annoying how the government bailed the banks out with billions of out money and didn’t worry about the risks. Still not got that money back.
The government should be giving SXX the money.
The reason all this is happening is because people will make out of the PI. Like I have said previously the PI will pay for this project.
It’s an absolute joke how easy it is for these people to make money at our expense. If this was an unregulated market then there would be uproar. But because it’s the stock market we all just accept the scamming going on in the background.
The CB holders, basically cannot lose. CF cannot Lose,Gina cannot lose, the banks cannot lose. The only ones who lose is the PI.

Nobody puts Fred in the corner.

Yes cheers guys. I understand what you are saying about the bondholders. But I think the company have helped the bondholders/shorters. I could argue it’s for the good of the company in the long run. But, in the meantime they are shafting the PI. They must have known for a while that the extra funding was needed, but the PR train continued full steam ahead. This caused the sp to rise artificially at the pi expense.