Member Info for belar

This is AIM and prices are not driven by fundamentals rather they are driven by sentiment so, if we accept the current price is a fair reflection of the mine in production what sentiment is going to drive the price in the short term. I've heard lots of vague drilling messages and calculations about wholly owned prospects but that message has been around for a while and the price continues to drift down. Is it genuinely going to be sold? Does bringing in any other prospect quickly rely on the production facility for handling the ore. Are we suddenly going to announce some major discovery.

Ariana Resources Interim Results -Exceptional progress operations in Turkey #AAU #gold #mine mailchi.mp/91d8d71a7886/i…

Till the AGM - can they let out news overnight if the RNS is published before open tomorrow

I do hope you are correct. Sadly I've also seen delayed results giving the money boys time to get out. Anyone remember RMP. AGAIN Will be delighted if this works out. GLA

if the BOD could deliver a bit of good news on TorP soon, it would steady the ship and put us back on the happy path

All in all that could have been worse - This is a complex project and we have been here before more than once.

More convertible bonds to be issued once the full $3B is secured. $1.5B already identified. Expect a bit more for contingencies to be allocated.

We arrive on this site everyday looking for updates, news, TorPS etc. the BOD has been very good at telegraphing and managing the news flow. We have a refinement of total costs to be published (down we assume) then whatever is left of remaining TorPS. That puts everything in place for stage two funding. That's what's called the happy path.

An early intraday auction with a step up in SP plus spread is reduced. How long before any news due?

My public limit orders aren't showing in the order book. That spread is not accurate. Broker Barclays (I know the new SI portal is rubbish)

to be a playground for day traders until there is actual news

So long as you can still support the monthly repayments if there is catastrophic failure in mining equipment that puts the project back 12 months and the share price dicing with 20p or less. Just saying, if it was that easy the share price would be Xx already.

"ADM Today 08:20Anyone think that ADM might start taking a position in Sirius the closer we get to production? Could be a shrewd move on their part."
It looks like ADM were originally lined up to be a cornerstone investor. When that fell through the BOD had a bit more of a scramble to get the stage 1 finance away (history now). I don't particularly like the idea of them coming back for a stake now as an alternative to debt in stage 2. That translates as double dilution.

Ridiculous auto correct - that should have read - is this going to challenge its one year low 180

Is this going government challenge it's one year low 180

§ Reduces construction risk and capital expenditure requirements during the current construction programme which will have stage 2 financing benefits

Along with already hinted at clarification of costs and signed contracts with suppliers will likely remove quite a bit of contingency from the original costs. We may not be looking for as much money as previously so maybe not so many TorPs required. I Wonder if there is any money down the back of the sofa assuming it doesn't jump to much this morning

I don't think there are enough available shares to make a decent market - didn't reach my sell price as no one wanted to buy at that price. I've not got the order book anymore so couldn't see the realtime activity, when your not traded on SETS you are relying on the MM to publish and negotiate the market.

Lord I hope not. We have enough on building our mine without trying to make money out of what is left of the Boulby mine with its debt, liabilities and failing infrastructure

Boulby is a played out mine. They are struggling to use old engineering to nibble the edges of the POLY4 with a tiny target for total to extract. So not completion, may help build a market

Not seeing LSE data for SXX. I can't see a share price - fine for anything else