Unfortunately probably so.
This is always the difficulty with stocks like this (I have also had a hard time selling today). You stay in a stock long enough and invest so much time that you think it can’t fail. “It’s too big to fail, it’s ahead of schedule etc”. But the harsh reality is that it can. I just really hope for the people who’ve bought today it keeps afloat. all I personally see is a buyout, partnership (with share takeover), or failure.
I feel a lot of people on here are that far in to SXX that they aren’t seeing the reality.
Fingers crossed the above won’t happen
I agree completely, I don’t know why people are losing their head though and biting unless long term holders. no one in their right mind apart from day traders or seriously long term holders (who’ve almost lost everything) would buy now.
I understand completely how this affects our county. and I’m also gutted, but trying to get people into the real world. We’ve got one guy thinking about buying another £75k worth!!!
Cash position? i never mentioned that at all. I mentioned dilution? unless you are hopeful for government backing or another JPM to come along and offer the funds, then the only way forward is dilution. Or a partnership/buyout where your shares would be almost worthless.
Get your head out the clouds and listen to the conference this morning for what it was. this company is ****** any money left in it has a 2% chance of success!!
Please be careful. Given what’s happened today, the two options involve dilution. At the very best of there is a miracle the government with back it however they have already said the project is too risky for tax payers.
Take a loss now, or have a 99% chance of having 1/8 of your holding now left.
I say this as some people who have 250k in, will already be possibly down to 50k but not want to take it as they are holding onto the small chance. However for most PI’s this is a hell of a lot of money and to see that go to nothing is significant.
IMO. all the best all
Last thing to remember is that if good news if going to happen clearly SXX have shown us that we’ll have some indication, so sell and wait
HKSE TSE? Time zones mean they will be in bed, not reacting to an RNS.
I.E more sell offs when they wake up.
Not at all, just someone who backed this project as I saw potential and good for the North, my home. Warning people as the difference between 6p which some people are saying and where it will probably end up will halve pensions, hard earned money and also probably cause some serious issues within some families.
I've been here before with stocks like this and it doesn't end well.
Sell and wait for the market to settle.
Far too many emotional buys this morning and gamblers
Coming from a guy who worked in the financial sector for over 30 years and a small personal investor SXX. Takes your money now and wait until tomorrow's market.
The US and Chinese markets haven't reacted yet. This will half in value by close of play in my opinion.
I know a lot are massively down already, but be sensible and don't flock with the rest of the sheep.
It's very easy to become emotional in these situations