Member Info for jonesrichard

I know it's the fool and the articles are always slanted to what they are looking to get the readers to do at any given time but they usually are accurate when it comes to stating figures, timeslines etc and they state:

'However, Sirius still needs to raise about $3.5bn to complete the construction of the mine. Back in July, the company said it hoped to complete its financing arrangements by the end of 2018.

In September, news that an extra $400m-$600m would be required to complete the mine caused the shares to plunge. The deadline for financing was pushed back to the end of March'

So when I was saying that the company had set the next deadline for stage 2 being completed to the end of this month it seems that that is the case, I knew that I must have seen that stated somewhere and it seems that that is the general consensus so at least it wasn't just my imagination.

Does that mean that in theory we may not get any update until 22 April at the earliest as the last up was 22 Jan?

Just reread the 22 Jan update, you are correct that it doesn't seem to explicitly mention by the end of this quarter but if they are due to run out of money by July then surely they will have to make progress asap which will surely be included in the update due before the end of this month so in effect it works out the same thing, as if they haven't secured finance by this next update then how do you think that will look? not very good, surely it's not as though they would wait until the end of July to confirm that they have found the finance to complete the building of the mine, if they did that then the sp would most probably be less than 10p by then so on that basis I'm presuming that there will be some positive news by the end of this month or this sp will keep drifting down, believe me i don't want to see that as I have everything riding on them getting this right, it's time for something positive in relation to finance or I'll be starting to wonder if this really is the best place for my life savings.

I mean usually the term 'as soon as possible' means that the thing being referenced is fairly close to being completed? should it in this case been taken as 4 weeks? 4 months? surely it shouldn't have taken this long, there two ways to look at it, they have taken so long because they want tio use all of the time available so they can get the most favourable terms, thats the generous interpretation if stage 1 finance make up is anything to go by, or they are struggling to raise the money, in fact they can't even manage to do it through diluting the hell out shareholders, really hoping it is the first reason, when is the next AGM?

Thats hardly the most reassuring way for a CEO to speak is it, the company themselves were the ones who set the deadline for completion by end of this quarter so they have set the expectations so obviously if they miss this deadline then how can they not expect lots of pi's to bale, it;s simply not good enough to keep pushing back news with something as important as finance, it will leave too much uncertainty, it's time for some positive news that actually moves the sp, tweets about apprenticeships and trials and talking to school children is all well and good but the market doesn't care about that stuff, it simply wants to know that the company is going to be funded for the rest of the project, this is also what us patient, loyal shareholders want to know.

The news due before the next quarterly update is the stage 2 financing, the company stated in the last quarterly update that stage 2 finance will be completed before the end of this quarter so they have 15 more trading days left to keep to their own deadline.

If they delay any further then I can see that having a very bad effect on the sp imo, think sub 15p, obviously I'm banking on them sorting out the stage 2 finance within the next 15 days otherwise I wouldn't still be holding, I'm backing them to come up with the goods, stage 1 finance was poor from a shareholders point of view, many on here still maintain that CF's strongest suit is raising finance, the next 15 trading days will show if that is the case or not, I really hope it is as I've patiently invested literally everything I have since 2013 on the back of what this company has promised they will deliver, now it is going to come to the crunch for them to deliver and prove to the LTH's who have backed them for many many years without much of a return up to this point.

I generally agree with you Tony apart from I suspect we will see a initial sharp rise in the sp to at least 35p once the uncertainty has gone with regards to finance, then hopefully after that it will continue to steadily rise, only 15 trading days left in this month so at least everything should be sorted on one of those days then at least we can have the sp back to where it should rightfully be.

Casual, you think that if stage 2 finance make up is favourable to shareholders then the sp will stay around 20p? can't say i agree with that but every person has different views I suppose when it comes to what stage 2 will do to the sp, I'm going by the logic that the sp was 39p basically in anticipation that the stage 2 finance news was about to be released so really once it is actually released then the sp should go back up to around 39p at a minimum imo, anyway not long to go now until we know which way this is going to go.

To be fair dependant how favourable the terms are for stage 2 we could easily be back to at least 39p at some point within the next 15 trading days!

Defiantly possible in time Jimmy, possibly even sooner if and when we prove the product and then get taken over.

Theres not really any tactics involved from a pi perspective, firstly it will be good when the ii's start investing more as it will show that the company is heading in the right direction, the only way they will be getting any of my shares is if the raise the price to £5 per share then and only then may I consider offloading max 25 % of my holding so it's pretty straight forwarded really.

trading days left before we learn the make up of stage 2 financing, not too long to wait now bearing in mind in theory the RNS could pop up any day now.

The make up of how stage 2 will be funded is due before the end of this month though? not sure if you mean the actual money won't come through until a couple of months after the end of this month which is correct but the actual make up should be known before the end of this month, that is my understanding of the currant situation.

Seems like the fool hit piece hasn't had the desired effect so far this week, they will have to have a staff meeting and decide if they should close their short positions now or risk losing much much more once stage 2 is confirmed. Always sad to see their best laid plans go wrong. Ha Ha.

Is blue share interactive investor site? also was this something that was released to investors recently? like some sort of broker note sent to clients?

They stated end of this quarter for conformation of stage 2 finance? so they have less than 4 weeks now to get it sorted or it will be a deadline missed for sure and any further delays will have a very poor effect on the sp.

I do remember vaguely CF stating in the conference call saying that they were hoping to sort the commitment letters asap or was it something else? I can't remember now but either way they set out the deadline for latest the end of this month for stage 2 finance to be completed so I really hope they finally deliver it as the sp won't look very pretty once the derampers, doubters, paid hit piece hack journalists have had their fun and games with news of any delay.

I think what will happen is that they will raise the finance but the terms may not be overly favourable to shareholders in one sense but in another sense the sp should improve simply due to the finance being completed so it could be a kind of win but tinged with the thought that shareholders were obviously not really considered and the co obviously just took bad terms just to get the finance raised much like stage 1 finance went, anyway hopefully I am wrong and hopefully the terms turn out to be amazing for us patient LTH's but if stage 1 is anything to go by then we could be looking at plenty more shares being issued.

Anyway best just to hope for the best then re access, at least we only have less than 4 weeks to go, the last few months have been a bit testing but hopefully the sp will start moving up in anticipation as this month moves on. GLA LTH's

It really just depends on the make up, if they issue shares at say 15p then the sp would more than likely drop to around that level, on the other hand if they do raise this finance with say 70 % + debt then the sp should at least move back up to 39p but more than likely would end up 60p + by the end of this year, the other thing that could happen is that they delay the finance further, if that happens then you would most probably see the sp drop under 15p imo

So the outcomes sp wise are very stark imo, hopefully only 4 weeks max to wait now until at least the sp will be back up to at least mid 30's where it belongs imo. GLA LTH;'s

But the co have set themselves a timeline of finance completed by the end of this month.

Thanks for explaining Myo, so there isn't really any positive way to spin todays RNS? hopefully someone on here can come up with something but on the face of it surely this news can only be viewed as a negative piece of news?

on investing dot com rarely corresponds with the HL % change, guess the investing dot com is the only free alternative to HL these days, if anyone knows of any other free alternatives if they could post on here please, that would be most appreciated.

In August 2016 I was sitting on a 300 % profit and September last year I was sitting on a 120 % profit but both times I didn't sell any as thought that the minute I sold any then the price would go up and in theory I could have been locked out forever, obviously it's easy with hindsight looking back on what has occurred since then but the only positive is that it has meant that I have been able to increase the holding so in the end I should end up making much more presuming that everything goes to plan.