Member Info for debtnmarrijslave

"overcome by fear"

Yep. You'd think people should get a grip, but lots of life savings at stake here...

...is always darkest just before the dawn.

It'll be fine - those big investors wouldn't be in if it wasn't going to get built. Funded and producing, the sp has got to be worth at least 20p even with future profits plundered to get it to profitability.

But re future value brought forward, this is the problem with starting huge from scratch - everyone knows the minutiae of the business and hence every bit of value is brought forward. Eventually, people start wondering if there'll be anything left and the attraction of putting money in early fades away.

At what cost to the sp will this mine get built? That's the question.

...it's now Mr U-Bend.

Another big sell-off. Abandon ship!

IMO of course ;-)

Trigger, it's not the Bod you need to worry about, it's the potential buyers of the bonds. They are not in it for friendship and if they themselves can't make a profit from them in September (because "market conditions", ie their customers/stakeholders, won't play ball) then that's the end of the road for plan A.

Increasing amounts of the NPV in the SP is predicted to be being used up now, up front.

Oh well, still worth it but I can understand the Berenberg rerate. Fingers crossed, see you in September. Good luck.

Cheers chesh, would need to be values updated over the last few years really - can't imagine anyone tracks that publicly online though!

OK, so "as a way to shake the tree out of PIs", it doesn't work to any significant extent.

Cherokee, you or anyone got any links to info showing what share held by PIs vs IIs, board, etc?

That'll show clearly whether they have been shaken out in past negative sentiment situations, and in the current one.

Though look what happened afterwards.

Come on Myo, just say the name or rise above it.

I am honestly sorry that a couple of turds couldn't resist laying into you yesterday. That's often what you get - from thickos and people who can't take responsibility for their own actions - for trying to do the right thing... :-(

Possibly proportionate to the drop in sp yesterday?

Just a hunch.

Molkys, good post. As is often the case, some people cannot stand alone like men and women sometimes - they cannot resist blaming someone else for their misfortune or giving into feelings of paranoia about influencers on here, who are actually just honest vested interests (pretty much just like everyone else holding who's hoping the project is successful and the sp rises).

I'll never forget an email reply sent by a colleague to another at work when something went wrong, after the latter decided to bleat his complaint at him - he just replied: if you're hurting, we're all hurting.

Why would anyone tell the wife? That's like giving her a tour of your man-shed while the p0rn is showing.

Good shout. Seems highly plausible as the main cause of today. Fingers crossed for the next attempt.

Ah, it's only money, lighten up. I've lost a fair wedge too.

Winter around here should be hilarious - one or two on here will still be posting how they "averaged down" to 17p after buying another £1k at 2p or something.

Avocet, same here. Guessing there is a good chance it's just a long, slow, downward trend now as people gradually sell up.

A confident statement but I can understand if it doesn't fill PIs with excitement.

"Mr Fraser, a former Citigroup banker in Australia, insisted that the company would be able to sell the bond next month after the current bout of US-China tensions ease.

“This is about good execution?.?.?.?the market is just going through a readjustment at the moment in terms of pricing and risk,” he told the Financial Times from New York. “As soon as the market comes back online the other side of the summer break, we will wait for that period of stability to launch the transaction.”

However, if the company is not able to successfully return to the bond market by the end of September, secure alternative funding or sell the business, Sirius would face a possible risk of administration, according to documents that accompanied the proposed sale.

CUB382, I'm afraid it's ambiguous as there is nothing specific to mitigate the failure.

My guess is no bond sale as it's just seen as too risky in terms of payback in a given period. Look what they've done already, refinancing with ST1 then again with ST2. There is no guarantee of success and you can be sure the BoD will hang PIs out to dry again if they need to.