Member Info for debtnmarrijslave

My 6yr old ate two jam sandwiches with a ton of local organic strawberry jam in them for breakfast this morning. And he wondered why he felt sick afterwards!

I'll write to my local (East of England) MP today, fwiw.

Causal, you refer of course to the potential tax receipts. Investing in the build will not equate with a return on investment through tax - that's just not the way they work is it? At least I've never heard of any big private enterprise being supported like that, not sure if others have?

Moors/all,

Weather / whether the mine will be built is absolutely not in question.

What is, is whether there will be any decent value left for shareholders once it has been funded. People mention £1 still, but if it's simply capital growth they're after, compound interest on a regular market tracker might be a better bet over the ten (for example) years it could take to reach £1.

The annoying thing for LTHs is that, once one is invested and value like in ST2 dilution is taken out, you're stumped as you're then faced with losing a huge chunk if you sell, or having to leave your capital tied up for years for the value to return again if you don't sell. Sirius's BoD know this.

I really hope they get these bonds away but shorts and the years-low share price tell me there's a chance it won't happen despite the board's lip service. In which case funding may get taken from shareholders again.

As I've said it before, SXX is a globally significant project which could benefit many millions of people, but I don't know if I'll see my money back, on paper, for many years. Aside from the undoubted social value of the project, if it hits, say, 50p by 2024 it will still, probably, have been worth the investment for me but many in the financial/trading community or managing their Sipps wouldn't agree.

I pray they get these bonds away, otherwise these 5.2% short will be locking the potential value of 85000 investors' savings and pensions up for many years. Personally, I don't need the money back right now as I'm only in my late-30s, but many on here don't have so long to wait.

Here's to patient LTHs and the Sirius men and women on the ground.

Deliver what though, John?

When rns not rns? When they're their ns.

Fetch me coat?

Fingers crossed for all LTHs on here.

Yes dinger, the shorters already made their money, the b******s.

Frasier? Not as interesting as this sitcom...

Hope,

Maxed-out like the rest of us!! :D

Very funny - learn to stop worrying and love the bomb...

Duracell, not doom and gloom with me. Black humour at times, worried at times, but absolutely not just doom and gloom.

In fact, I've said all along this is an amazing venture with above all the potential to save lives given the crop yield impact they could have on growing populations and restricted arable land area. I'm not happy to lose my money if they go into admin, but I'm happy to have tried to contribute to this worthy endeavour and good luck to them however they manage to get it up and running.

Dave, wake TF up and SELL if you cannot do without that 29%. There's always time to save the rest, if you think you're saving it from being lost altogether. Otherwise, what are you worried about?

Ferret, what's your average? Not that it matters if the bonds don't get away, but if you're the sort of person with millions to splash and SXX is just a thin slice of your investments then good for you, but that's not how most PIs see things.

DGR, I see it as gambling - I never gamble more than I can afford to lose, so I've only invested all my free cash of about £20k, plus about 10% of my pension. But as a gamble, I can't think of a more worthy one, given the potential contribution to helping many lives through their +7-14% crop yields. In a world with 10-11bn people and diminishing arable land, we'll need it.

The squeeze is on. Who's got the backbone to stay in til the bonds get sorted (or not)....?

Avocet, I'll start praying now.

Paranoid b.s.

People on here are mostly the 85k PIs who are understandably kerapping themselves.

Finance pro, don't kid yourself that it was CFs decision to delay the bonds. There is no way they would have done that if they could have secured the finance at that time. Not a chance.

The potential investors obviously pulled out. Whether they come back in by end of Sept depends on the global financial outlook. Personally, I'm in, but very very worried right now.

Dicky, as my grandmother always said, never gamble more than you're prepared to lose. Because that's what happens when you gamble.

Sirius the business shouldn't be a gamble though - the project will almost certainly go ahead.