Member Info for Ihadanideaonce

Do you mean support line? :D

I like the idea, but the assumption is that the contract has contingency/failsafes/acceptance of blame/etc.

Edinburgh tram project, Millenium Dome, HS2 etc etc etc.... if projects/contracts THAT size don't have consequences for missing cost targets or completion deadlines, what chance does an AIM company have?

It will happen when it happens, we will read an RNS when there's an RNS. AIM is for the patient.

Last comment was incorrect:

from 12th March RNS

In addition, Sirius has concluded amended terms with COSL for the COSL Force jack-up rig, extending the initial program to cover both the Ororo 2 and Ororo 3 drill programs for a lump sum of $9m (payable in instalments related to drilling milestones), on the assumption that the duration of the work will not exceed 90 days from the spud of the first well in the program and assumes a 45 day work duration per well. If the duration of the work exceeds that period, then daily rates will thereafter apply. In accordance with the amended agreement, Sirius has made an initial deposit payment of $1.5m to COSL.

Who knows what agreements/responsibilities come with that payment.

What nonsense. Do you expect a company to issue an RNS every time an ongoing project goes over time? The RNS says "ongoing," the SP falls.

Do you make posts like that for every company that you look at? I most certainly do not want a generic delay RNS because they either can't give detail....because it's not in their control.... or they get an estimated timeline.....which isn't in their control..... and if the estimation is wrong.... the SP falls again.

They also can't impose fines.... As far as I recall, they haven't started paying money to COSL yet. COSL hold the cards and the tools.

So, I stick by my previous comment and stance.

Please explain which part of that is down to SRSP.

" To be valued at £30m in the long run"

.....Needs sentiment and volume. This is AIM. Even if JLP does have to take into account mundane things like actual production and not just hype.

There is no Dana, only Xulu?

Interesting use of "we" if all you see is doom n gloom.

I'm not talking about last night, don't try to move the goalposts.

Wingnut wasn't commenting here today until the SP was behaving the way that matches their stance.

Funny that. Silence when its blue. Could have been reinforcing the message from the start... but waited until the gain had dissipated.

Are those stop losses that are being hit?

I'm also surprised at how quiet it is this morning, given the battle over the weekend.

No idea how today will go, though.

Anyone suggesting that LC should go needs to dunk their head in a bucket of cold water until the feeling passes.

"if oversupply is the problem,then surely,the high cost producers could go bust or downsize....or at least,all scale back production"

Agree completely :)

In some ways, i'm not sure if $28 oil is a good example because the entire point was to put US shale out of business, despite the Saudis et al suffering a bit along the way.

I don't think it worked, but maybe some cards are still to be played.

Some people made a fortune out of the short....and made a fortune out of the recovery-to-date.

Jubilee's interests are.......less political.....unless the "correct" people decide its where they can make the "correct" amount of money.

Heh.... if all else fails and JLP are one of the few remaining producers, market the products as ultra-elite jewellery.

Is it possible for a commodity price to be less than that of ANYONE'S production efficiency? I find it hard to believe.

Even if it is, that will be the catalyst for an accelerated turnaround via supply:demand. The least efficient mines will shut first. The best survive. LC earns his paycheck.

It's from the time of the "false start"

Quote is from an article posted November 2016:

https://addenergy.no/mainnews/2016/11/18/add-energy-secures-a-well-management-contract-with-sirius-petroleum-ltd

Trolls must be ganging up. Are the guidelines for post/thread removal still the same? (Reported 3 times= removal?)

I've been quite happy with how stable the SP has been since suspension lifted- very little drift. Most AIM shares would not enjoy what SRSP has in that respect.

I hope this BB can keep its head up for what should be the final push into the drill.

Personally, I don't care if there's an RNS to say that certification has been completed. Its influence on the SP is questionable and it's another signpost for traders. A few more weeks of radio silence and an RNS to say that the rig has arrived would do me fine. Tracking movements using marine traffic sites appears to be a mugs game.

....but that only works if that's how it goes. We will find out :)

Another possibility: COSL weren't straight with SRSP.

The only certainty is that the drill is delayed. The reason is technically irrelevant.