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so, say we discount 50% of the private share holders - they ain intterested. That leaves 40,000 having to stump up £10 each.
I wonder what the average investment is for a private investor?
ooopsies! got the decimal places wrong!!!
£5000 a man! not a fiver!!
£407,750,000 / 80,000
damm, i was considering putting a tenner in
"80,000 plus share holders would beg ,steal and borrow or sell some shares anything needed to raise the £500 million"
$500,000, at today's money is £407,750. Divided by 80,000 = £5 a shareholder!
forgive me if i'm wrong - i have been drinking
Women don't like me who drink lager. They like men that drink real ale, preferably stuff they brew themselves, dry hopped with atleast a wheel barrow full of Nelson Sauvin 12 - 13% Aplha Acid.
And as as for the gym, that's for men lacking in the size department.
What's going on with the spread?
i meant market cap
nope, it's down again, im back in the red, it's all over the place
I'm temporarily in proffit!!! (ignoring the previous 100k loss) clean bed sheets!!!
This has got a £1 written all over it
I do enjoy being alone in a boat with just my balls
I don't know what it is with this share - and I'm going to regret this - but bought back in big at 9.2p - down 2.5k in an hour.
This really better not end up at 5p Nelson!
Henge? Hedge im mean. Dont go for a conifer though as they get out of control.
Apologies...If you were down 50% your shares would be 5k. Quadrupled, they'd be 20k...
https://www.fool.co.uk/investing/2019/08/10/tempted-by-the-sirius-minerals-share-price-heres-what-you-need-to-know/
If i was still invested heavily in SXX id be looking to henge my bets. Anyone thought about short selling the share. Say you had 10k invested in a long position (and are down say 50%) how much of a short position would cover this? Say you borrowed 2K worth of shares at 9p and they went to zero i.e. Gina buys the mine after wiping out current share holders. You'll make 2k right? So your only down 8k. But if the share quadruples youll owe 2k x 4 =8k but your on you short but you 10k will be worth 40k. Forgive me if ive got this totally wrong as ive never shorted a share before but its pssibly a way of hedging your bets???? CliffEdge (definitely not a financial adviser)
Lol
So I sold my 10k's worth of shares today, that I bought yesterday, having managed to turn yesterdays £123 profit into a handsome £200 loss.
Nelson, have you got a crystal ball? as you've so far called 15, and 10p, and have spooked me again with a 5p prediction.
I too think this is going a lot lower and so I'm watching from the sidelines.
I keep thinking of that chart someone posted a few months ago with the scenario of the SP being circa 5p.
But I have a gut feeling that this sp will come good - i feel the BOD have been too quiet and there's positive news coming - so will buy in on the next significant drop.
And if theres a positive RNS on Monday and the share price quadruples then a part of me will be happy for the long suffering SXX investors.
I sat and watched my 37p shares trickle down and down, and kept averaging down, in blind hope of a successful stage2, I felt like a rabbit in the head lights.
The hardest thing was turning my huge paper loss into a real loss but in doing so liberated myself from the mire.
I have watched this recent drop and felt the pain again, even though I wasn't invested, but this time I'm going to try and let my head rule over my heart.
God, I'm boring, and full of drivel today, good job CliffEdge ain't my real name, regards, Homer J Simpson
I've just bought back in - 10K's worth. Peanuts compared to my original investment but i think it's worth punt.
Plus i was missing that bitter taste of dissapointment
OMG I'm currently a £100 up!!!
I feel for all those fellow investers. I bailed at 17p shortly after dilution.
I just couldnt face losing anymore money. So i invested in a more more diversified portfolio (including of Petra diamonds and Thomas Cook and lost money with them instead).
I hope it comes good here for the long suffering SXX diehards. You never know - it still might. Politically, Boris could save the day...
I think i'll buy back in if it drops to 5p and take a punt on a government-backed deal.
Hi bellers, that's, unfortunately, extactly the type of thinking that has thus far oroved so costly with this share!
This is a horrible, tortuous share for 99% of holders. I can see further drops, possibly single figures.
Not yet Investinvalue, mine's still sat waiting in my HL account ready for investment in SXX.