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No problem, I’ll be honest the past couple of days have been tough, and sentiment on here certainly hasn’t helped. I haven’t sold any, but the thought certainly crossed my mind.
I felt I needed something from the company, and the tbf the guy I spoke to was pretty good. If I can believe what he said, it did lift me for the remainder of the day and I managed to switch off and focus on actual work!
I’ve definitely learnt a lesson, and it’s one about over exposure. Going to ramp up my diversification project over the next few months, which should hopefully mitigate what’s going on here. Only early 30’s so plenty of time to get things right hopefully!
I should add, that the roadshow was popular and there was plenty of interest, and they are still confident in getting them away.
They appreciate yesterdays RNS was always going to cause concern and appreciate it was overly sparse.
I questioned why they focussed on August when it's well known it's a dead month The reply was that their strategy was to aim to get the bonds away at the very start of August before holidays OR afterwards at the start of September when people return. Last Friday's issues with the US and China threw the market and put a stopper in getting them away this week so they took the decision to pull the bonds until after the holidays.
I questioned the fact that this means we are now going to be in a whisker of running out of cash. They said that the strategy was always to leave receiving the debt-based cash to as close to the end of the Equity-based funds as possible.
They said it's a risky strategy, but it's always been their strategy.
Before stating they appreciated the RNS spooked the markets over the past couple of days, but for them nothing has changed, project is still well on track, delighted with SBR progress and the first 500m of the TBM.
Nothing ground breaking, but thought I'd share.
I agree with Sipp, there are only certain windows where directors can buy shares, and it's when there's no sensitive information around. Given we are in pretty much the most price-sensitive period of our project, I don't think they could if they wanted to.
15Lives, I'm also sure I read somewhere that Norges at least are restricted to owning a maximum of 10% of a company, so they wouldn't be able to "buy us for pennies"
Surely you will be covered by the Financial Services Compensation Scheme given it's the institution that's gone bust?
iwantthatone, shhhhh don't spoil their narrative
Thanks for posting Trader, a good read.
Hopefully only a week or so to go until confirmation and we can move most of that financing risk out the way and focus on reducing the 40% execution risk which with our world class partners I’m confident we will do and in haste!
Great county, but you’d have to do about 20 holidays to experience it all, it’s that big.
I live just outside of London, but on my 4 hour trip home, I think 50% of the journey is driving through yorkshire itself!
York itself is beautiful so worth a trip for the AGM and a couple of days, plus with the Dales, Moors and coast! You can make a great trip out of it!
Hopefully FFC!! Can’t wait to get the next week or so out the way and hopefully we can push on towards production and follow the development of this amazing project!
My parents are from that corner of the country so follow the development in the Evening Gazette. Apart from my recent delve in gardening / agriculture, it’s given me and my 72 year old dad something to discuss when we have a phone call!
Payday yesterday, couldn’t resist adding just under 5k shares today, though naturally I ended up paying 15.24 for them!
Promoted on Sunday, fell off a cliff on Monday
Fred - maybe play a bit of domestic strategy. Leave till In good profit. Sell original value of those you bought today leaving the rest in there! Then conveniently mention what you’ve done!
A relatively calm day! Strange that, when ones not here, none of them are
Happy to be corrected on this btw. Certainly not a statement of this IS the situation.
If core focus is US market for these then given the price in USD, would be a level field regardless.
Though I’m sure there’s some other knock on effects further removed that may have an effect away from my simplistic thought process below on it
LL Just my assumption here but apart from the sale of bonds to UK buyers, it won’t make that much difference. If they were priced I GBP, obviously would be cheaper?
The interlinking between USD and other currencies globally (stronger $ = bad ) is probably more relevant?
Just my understanding
Seems our friends are taking a multichannel approach. Just found a post on one of the subreddits im a member of titled “more bad news for Sirius miners” promoting Danakil (who was pushing that the other day?) and stating how it blows SM out the water blah blah blah.
The quicker these bonds are sorted the better.
interest in*
Then why are you here?
I have no interesting pop music, though I do like other music. I don't hang around pop music BB's telling them how much I hate their music
Does anyone if this commences during UK business hours or geared up on US front?