Member Info for Davielad

I do not think that it is necessarily the case that the Government is as negative about SXX as it has been suggested, and it may well be the case that "negotiations" or "commercially sensitive" discussions, are taking place behind closed doors. Any financial assistance or support that the Government can give, would be much more easily achieved if we were out of the EU, and the current EU Law and restrictions, which apply at present to Government financial support no longer applied.

In other words perhaps the six month delay announced on Tuesday is designed to allow Government support to take place after Brexit, and not before, and in the meantime discussions with other financial institutions to also take place, the outcome of which might well be contingent on negotions with the Government and others.

In any event it would be prudent , if not indeed essential, for any such commercially sensitive discussions to be conducted privately and not publically.

I have been invested here for some considerable period of time, and have always regarded SXX as a bit of a punt. I remain as I have been, cautiously optimistic and am no less so no after Tuesday's announcement as I always have been

I assume therefore Myo that the inference is that discussions are taking place, which might be construed as being "commercially sensitive".... In which event it might explain why there has been no further comment from the company

Yes Myo as well .....

A lot of the regular and frequent contributors to this seem now to be conspicuously absent.... AlanG....Jonesy et al.... I hope they ar OK as they were pretty heavily invested here from what they said

KOH....you are absolutely right!....and they all seem to be very anonymous now sadly.

I agree with you Double headed..... One of the more balanced posts for a couple of hours

Atvb to everyone

Well now we know the reason for yesterday's drop!

Yes, but I am not sure what the point in that would be, as one would expect the closing price on the 9th October to drop by the among of the Dividend when the markets open on the 10th

I am not sure if I agree with that Posti....this was a very sudden and significant drop in the SP around 12.45 today. Something triggered it not just a lot of investors all of a sudden getting simultaneously nervous

The explanation may be that a deal has been agreed in principle for the sale of Southbank, but subject to a number of conditions which have not yet been met. If that is so then the company would not be bound to issue an RNS until the deal became unconditional and a firm and binding contract for the sale was then in place

Nor did a buy back strategy help Aviva either. From a shareholders perspective I would much prefer a special dividend.

I think in any event that on any objective view, something is afoot which can only have a beneficial effect on the SP

@Omerta.... Such as?

Jonesey, I hope you are right, but I wouldn't be so sure

The timing of today's RNS is very interesting, particularly when it refers to an award of shares to a a PDMR some 6 months ago......is someone getting things tidied up in anticipation of due diligence being undertaken? Lol

Well I think it should be in Glasgow.... Where better to lay the foundations for a massive hangover?

What is the basis for that view Jimmy...... Particularly if you think the company will still be around in 10 or 20 years time as you put it?

Yes I agree with that too....and .... I think that together with the fact that work and progress at the mine is contuing at a reasonable pace is also encouraging

I am not quite sure what the relevance is of that

Welcome Taffy.....I am not sure if many on here would like to dwell for too long on any analogy between Sirius and the Chanel Tunnel - bearing in mind how the Original PI's in Eurotunnel Plc ended up as far as their initial investment was concerned!

Regards
DL

Well done....my view is that you can't go wrong at this price