Member Info for JiffyBag

Albi,

DSPP's theory is all hypothetical and is based upon OGA data, the issue here is the interpretaion of filed OGA data versus long term data, ie reduction of PW content versus otherwise.

AK,

Re: 'that as it may, 'the market' seems to work in mysterious ways. And let's face it, there are a lot of people who have read 'The Naked Trader' and who may be presenting themselves as 'LTH', but in fact sitting in front of their computer in their underpants just making idiots of us all, but making a decent day-wage. And in fact I don't criticise those people at all.'

Agree 100% :O)

Re: 'But when something like this 'water-cut' ****e emerges, and creates a wave, I get suspicious that it's not blokes in underpants behind it...'

Again 100% Agree.

The bottom line in all of this Carp, is that for every Tanker that leaves every 30 days or thereabouts , thats another $63 at least per barrel less Opex ie, net $40/Barrel , on average lift of 420K Barrels= $17M/month = $204M/annum.

Happy Days, just sit tight and hold.

AK,

Fully respect your views, always have done.

Not arguing as to what you think, I think we are on the same page re LF, I like you just want to get to the bottom of it all.

I agree, I think DSPP is either employed by a company that is shorting HUR or is supporting as such, again IMHO.

81,

Re Panorama,

I would strongly urge you all to e-mail Panorama, (No response as yet, but whats new, if not try Dispatches, or even RT, I don't care we need exposure, to this tragedy.)

The data is out there , it just needs collating and time lining, stept by step, company versus shareholders interests.

Panorama are not going to the job for us, we have to spoon feed them imo.

Just pass on your thoughts in a constructive manner, again in a timeline manner.

The appropriate questions wil naturally surface ,and that is what the SM BOD's will be faced with, IMO.

There are far too many questions than there are answers and those questions need to be compiled against the historic timeline of events.

Get your thinking Caps on and compile sensible questions.

AK,

'Funny, that. But it's a thought which occured to me as well. Might follow up.'

Such a challenge is alike to the Keith Lemon show 'Through the Keyhole', ie a celeb comp whereby one is challeneged as to to who lives there, (PMSL) :O)

https://www.youtube.com/watch?v=m0eGqFR3QwA

Again, Companies House :O)

Oh and another thought, this is a Private Ltd Co, that willingly accepts donations? not sure how that works in the real world, is it a charity?

Re: "What I'd like to know is who he works for..."

You could start with companies house, owner of LF, and work from there, it's a long shot I know.....maybe no connection whatsoever, but these days there is always a digital footprint.

'I.d rather buy them when they drop to £18 '

I'd rather AAL give us the true asset value of the build to date :O)

AAL shares are currently priced at £21.87.
That would require approx 397.6 SXX shares @ 5.50p for 1 AAL share.

No thanks.

AK,
'Calling Amadja!'
No , Amaja

Yellow,

Bottom line, SM are coming across as it's Deal or No Deal, time to call their Bluff?

Albii,

Was a £292K trade , a 1,138,024 shares trade, most likely a buy at 25.72p, imho.

Albi,

https://www.londonstockexchange.com/exchange/prices-and-markets/stocks/exchange-insight/trade-data.html?page=0&pageOffBook=0&fourWayKey=GB00B580MF54GBGBXAMSM&formName=frmRow&upToRow=10

17:52:31 20-Jan-2020 25.72 GBX 1,138,024 292,699.77 Off-book TNCP XOFF

Looks like a Buy to me, BWTFDIK

Yuri,

With respect Re: IMO - 'if there would be any party offering better deal (and secretly rejected by sxx BoD against shareholders interests) - they would be shouting about it on all corners already... (unless this card is reserved to play at last moment).'

That's where you and I differ I'm afraid.
So far in reading in between the lines, discussion has been taking place with AA for some 9 months now (Un-beknown to SXX share holders) .

So why has the potential debt financing proposal not been aired until now?

Yes, you are in profit as you say, well played, but what would your opinion be given the alternative finance revelations? :O)

Q4. Why is the company so keen to sidestep retail investors? The talk about administration whilst realistic and the most obvious push to agree to a AA takeover, should not preclude viable alternative discussions.
Q5. The Risk to current holders is high, agreed as acceptance of 5.5 p versus 0p is in itself at risk, however whilst there is a small chance of existing holders being in the game if the potential debt financing proposal from a consortium was pursued with vigour then there may well be light at the end of the tunnel. The sad fact is we have up to now no way of ascertaing it's merits other than the BOD's say so.

I for one do not believe what the BOD's are telling us, sorry, but I don't.

'As at 31 December 2019, Sirius had approximately £59.9 million of unrestricted cash, which was broadly in line with the expected capital spend when the strategic review was announced on 17 September 2019. Unless Sirius is able to secure additional funding or a merger or acquisition transaction involving Sirius by the end of March 2020 or soon thereafter, the Sirius Board would be required to place Sirius into administration or liquidation, which could result in Shareholders losing all of their investment in Sirius.

In conjunction with this review, Anglo American actively explored an interest in Sirius during Q4 2019. On 6 January 2020 the Sirius Board received a non-binding indicative proposal from Anglo American expressing an interest in acquiring Sirius. On 8 January 2020, Sirius announced that it was in advanced discussions with Anglo American regarding a possible all-cash offer of 5.50 pence per Sirius Share for the entire issued, and to be issued, share capital of Sirius. Following receipt of the Anglo American proposal, the Sirius Board carefully assessed the merits of the proposal against the potential alternative options from other parties involved in the ongoing strategic investor and debt financing processes and also in light of the Sirius Group's current and expected liquidity position.

The most advanced alternative proposal was a potential debt financing proposal from a consortium of financial investors. In December 2019, Sirius received a non-binding term sheet from the consortium to form the basis of a US$680 million funding package to cover the initial scope of work. On 9 January 2020, Sirius received a revised non-binding term sheet from the consortium. The Sirius Board reviewed the proposed terms and conditions, together with its advisers, and concluded that the consortium's conditions and the time it would take to meet such conditions were such that there is a very material risk that the overall funding package would not be implementable by the end of March 2020. Based on the backdrop of the search for a standalone funding solution undertaken over the last 4 months and the extensive discussions held during that timeframe, the Sirius Board believes that, at this time, there is not likely to be an alternative to the Acquisition other than administration or liquidation.'

Q1. We could theoretically survive imo if a 'Freeze' on all activities was made now in order to explore the potential debt financing proposal from a consortium of financial investors?
Q2. Why were Sirius Share Holders not informed of this until now?
Q3. From my understanding, a GM may be called if 5% of shareholders request it to question and appraise the potential debt financing proposal. After all, I do actually think we are at the very least owed that explanation, do you think same?

Albi,

'Personally, having reread DSPP's posts I find it hard to believe he is trying to discredit Hurricane. I would prefer to believe he is genuinely trying to make sensible appraisals of the current situation.'

Albi, how can you discern that.?

Has anyone verified DSPP's credentials? Is he a practiced Reservoir Engineer, A Geologist? I don't know do you?

FFC,

You have your opinion, I have mine, good luck to you.

FFC,

Honest opinion, it matters not a jot on what I believe about CF, what matters is what is actually unfolding before us, and the questions that must and need to be answered.

and subsequent un hitherto UN known discussions re AA and SM?

FFC,

'So Jiffy are you of the same opinion as Koh in that you believe CF has no integrity'

Put it this way, what do you believe in this great journey from the bombshell RNS of the 08th January and subsequent un hitherto known discussions re AA and SM?