Member Info for BHarris

I know Roulette but reading sxx4 msg below "then $1bn from the likes of RBS, then $1bn from the govt"

There is no 1B from the gov't. It's something I've read a few times on here.

Folks, people seem to think the Gov't is giving a billion quid to the project. They're not.
They will guarantee the repayment of a 1 billion loan should Sirius default on those payments.
That is all. They do not hand over cash. It's a guarantee scheme. Not a lending scheme.
https://www.gov.uk/guidance/uk-guarantees-scheme

Not saying a lot we don't know bar the structure of stage 2. Until that is confirmed and there will be nothing to really shift the SP one way or the other. With cash to get the project through to end of Q2, they best get a move otherwise people will get twitchy.

Well I'm beginning to glance at my watch a little nervously but I'm confident Sirius will deliver the project but it may have a couple of hitches along the way.

I've a feeling an RNS from Sirius is bit like waiting on a bus and there will be 2 or 3 along together.
The market is getting itchy for news though.

That's portuguese! A big step forward.

I'd a feeling there'd be an announcement of a TorP this week.
Taking an equity interest in the company with shares shows the Brazialian group's faith in the project.
Along with Hancock's announcement last week it's very positive news.

I assume the payment with shares will reduce the float and not be an issue of new shares and cause dilution?

I wonder is the price goinf up another insider leak about the announcement of the expected TorP's?

There are lies, damn lies and coincidences.

I think the same, a few dips and spikes along the way but a lot of buying should see it close about 28p.
After reading the RNS earlier I felt that would be a best case scenario. The conference call will be interesting.
A cool, calm and confident delivery is important. If he's twitchy and dripping in sweat I'm selling it all!

https://event.on24.com/wcc/r/1831281-1/686813E7BFFC9A99E740638BB1E569FB?partnerref=rss-events

I have no cash to add this morning but would have at 23/24 no question.
Initial panic and this will recover as the day progresses and some perspective returns.

As for some knobend further down lambasting CF for leaks. How are they to be prevented?
Preparing today's RNS wasn't done overnight in a secret room by candlelight.
It takes weeks of compiling information from many stakeholders (and they are many) who
will all know at the very least about their own input.
Expecting that none of this information is known or acted upon is crazy.

Not many posts here, a few crying into their cornflakes I imagine. It'll be back.

It's getting hammered and deservedly so.
Very disappointing RNS - only good news is that new TorP's appear imminent.
They got all the bad news out in one go today so hopefully from here as progress is made it will ebb it's way back up.

As this was clearly known by certain people for the last few days part of the news is factored in. This will tank though. Hard to think it won't.

Some of the Motley fool articles are laughable - the data might be more or less accurate and it's all I would take from them. Click bait headlines and fairly wild assumptions are the order of the day. <br /><br />I don't like seeing most of my gains wiped out but it's not a swing trade for me so unless I was selling it's irrelevant. <br />The endgame remains the same. <br /><br />I believe that ST2 is nearly finalised which is delaying the quarterly report and update. The market is getting twitchy in anticipation. Nothing more.

I agree, big news is imminent and they are holding off on results until they can announce it.

I was considering adding on yesterdays dip, this mornings confirmed it. i didnt expect the opportunity and gladly took it.

Today's RNS is very strong validation for the company, the project and the product and the SP is beginning to reflect that. Not huge volume which won't occur I don't think until ST2 financing is announced.

@laallee "ADM is assessing how best to service the contract for the long-term. This assessment will include looking at the potential feasibility of constructing a new processing facility in close proximity to Sirius' operations in Teesside to service both Sirius' needs as well as supply for the broader UK market"

According to this ADM will be footing the bill. Before they build the plant they know they have a very big customer in SXX and that's why they are looking to set up close by.