Member Info for John2015

Rockall Yes and for once a positive ( if brief ) paragraph about the Indian deal. All good - quite unusual for The Times, which may be a changing, sorry couldn't resist.

Lets hope Solo have a hat full of rabbits !

Well I for one am glad I didn't waste a lot of time and money going to Dublin for a 10 slide presentation saying nothing new.
Not exactly surprised - July 31 is getting very close. The best you can say is there may well be even better oppotunities to topup and average down, again.
This time next year Rodney, or maybe the year after that, or maybe the year after that.
Makes the 3 stooges look well organised. GLA LTH - we're certainly getting to practice the virtue of patience.

I worked out the mcap at 20p = £1.398Bn
and the mcap at 25p = £1.749Bn
In the words of Mrs Brown Thats nice.

Scotman very true but we've been here two or three times before.
My guess is a couple of months around this price, unless the bonds are taken up early. Great opportunity to top up and average down, if so.
Then with a positive update or two on construction and bonds imminent a long slow climb ( as we've seen several times before as well ). News on the RFC will likely be the catalyst for the next rerate ( up or down though ? ).
After that assuming finance is in place construction updates are the only factor as we move towards realising the 10mta NPV, with a % discount for risk, over the number of shares in the market. Various calculations suggest a value five or six times where we are now should be achievable - a 300% to 400% return for me, which will do very nicely although I will hold the majority of my shares until the grim reaper prises them from my grasp and leave them to my sons.

scotman I thought you were a fellow optimist !
IMO there is plenty of appetite for the bonds and the RFC will follow - at these prices ( well below my average ) its like letting kids loose in a sweet shop - just wish I had waited until now ( instead of 2015 ) to start buying shares.
Hindsight is a wonderful thing.

18 days trading between 15p and 16p - looks just like the period earlier in the year ( Jan to Apr ) when we stuck at about 20p.
We may have more shares now - but we also have much better finance and enormous progress.

16p would be such a hurdle ?

Knocks another 0.05 off the bid !

Excellent Video - saved the link and sharing with long suffering family who are all sick to death of me talking about Sirius Minerals !

Which is encouraging - but with a rise of 0.12 or 0.13 a day ( also very acceptable ) it does feel like its being stage managed toward 16p for the AGM. How/Why would they do that ? ( very tongue in cheek ).
GLA LTH

another 100,000 - ave now 3.4p over to you Solo !
GLA LTH

Already topped up another 100k shares on AEX to lower my (awful) average in anticipation of something positive from their AGM next week.
Trying to get some cash together to do the same on SOLO before mid week for exactly the same reasons, although looking at Fri trades others seem to disagree.
Hoping fortune favours the brave ( or is it the stupid ? ) - we'll know by the end of the week.
GLA LTH

If Jay is right ( big if - where's the evidence ) given the MCAP now of £31m £500m would make the sp 500/31x0.825
which is 13.31p.
I'd love to see it as this would be a 4 bagger for me and more for many others ! Any evidence ?

Lets hope AEX AGM does something or the Solo board make an announcement about their plans soon.
GLA LTH

My guess is with the AGM next week we will see an RNS or two as soon. Perhaps just before, but if not then on the day, of the AGM ?

15 Do you think people see no great return for the foreseeable, so if they have an average of, say 10p, they are
bailing out ?

True - but how many have those ( and if they do why sell now after last years 38p ) ?
I bought my first at 7.9 and all the way up to 39.45 in 2016 and 34p in 2018. My average now is 24.24 - down from 25.75, but I'm not selling any below my average, or even say 30p and then only a few.
Meanwhile I'll keep accumulating at any price below my average, while I can.

why anybody would be selling at these prices, especially a few thousand shares.How much can you make, say 3% ?
Only 2 large sales declared after 14:00 with several buys 200k shares amounting to a larger total and the sp is down from 15.8 to 15.6.
Looking on the bright side if it stays here for a while the great opportunity to top up and average down is still there.
Hoping for an update soon and some movement back to the low 20's which is a very realistic/acheivable figure before Sept. IMO.

My wife says even 21 is optimistic.