Member Info for Jack1988

Brent +7%

Nothing much has changed for sqz. 1 month postponed production. Nothing lost. With gas prices predicting to rise later in the year. But this sector taking a pounding as seen today.

Same. Missed the 70p but got two tranches in sub 80p.

Staying debt free might be a priority with current climate. Darwin theory kicks and then reap the benefit. Either way as far as O&G goes we're in a healthy position more so than leveraged cos.

Actually glad SQZ is mainly a gas play as of this weekend. Market picks and chooses when it what's to acknowledge this though lol. Usually only when it's a detriment to the SP.
Gla

I would say there is no need to update as they have given an 8 week window. Which we are firmly in the middle of.

"Excellent buy now" I'd put both in that bracket right now. With upside very much insight with sqz if restart goes to plan.

The upside from this point once Production back in play seems staggering. I’m at my limit for O&G exposure atm otherwise would be drip feeding over the next few weeks.

“fund managers see a big risk they are going to sell shares for cash and safe havens.” I agree Sparky, something like into nice companies with zero debt and unrestricted cash ~150%+ of their MCAP.

Hopefully this opportunity is here for me next Friday. It’ll be averaging up however I have faith this will be a very good price to purchase at.

https://www.jw.com/wp-content/uploads/2016/03/2140-1.pdf

Have little read of that and see what you think. I’m no hedging expert but I think the answer is obvious and very much dependent on the price....

It’s unlikely NI will **** off here For a little while as the twitter account he/she follows religiously praised SQZ last week. I think they struggle to come up with their own research.

“Despite having a significant and very supportive retail shareholder base, the Company does not believe there is sufficient depth from this sector alone to secure the capital necessary to fund the balance of capital funding requirement. This has been demonstrated in previous Open Offers which proved that retail support exists but in a limited capacity. “

https://siriusminerals.com/investors/shareholder-information/faq/

Straight from sxx website. However I don’t believe they are taking into account the extra willingness of PIs to invest in a raise if it’s the last option for them.

You know the rules. Non-emotional! Ha. Makes you good at swallowing pain ;-)

Big difference as you know. Don’t flash at a hot spoon ;-)

What bid was that IBAB?

Yeah I’d hazard a guess it will be roughly in line with it’s peers. However I personally still hold this as a growth stock so won’t be too deterred if it is a couple of pence.

Still very optimistic for the next 2 years.

Will be quite pleasing to see this growth stock pump out a bit of income for us SHs. Anything close to 4p for the year would be satisfying- only cost ~£10million. Whilst not affecting too much for future acquisitions.
What do people deem to be appropriate?

Volume is my best friend in the stock market. A good one to follow.
On a side note, as it happens I’ve made several 1 share purchases for various reasons.

Exactly sasa, this is one co. I have full faith in the BoD, having us shareholders in best interest. At for that reason I’ve moved a large portion of some distressed Money into here over the last couple of days.
GLA