Member Info for KnockinOnHeavens

"if the SP goes up on good news they make money that way - if it crashes they also make money"
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Sounds almost like an alchemist recipe for making gold or perpetuum mobile.....I think more accurate is to say that they make and lose money in the same time but thanks to that they reduce their risk exposure and make the bet safer. The devil is in timing, proportion and percentage allocation. And It doesn't mean they can't lose, there is still element of risk and uncertainty in what they do.

KOH

No RNS effectively means no price sensitive information to communicate (either way). Looks like Fraser simply doesn't have much to tell us at the moment. He probably took lesson from his recent media appearances and will really think twice before deciding to communicate anything again. Everything's at stake, he can't afford any more mistakes. Nobody really cares about the standard "quarterly" progress update anymore, we all know the current situation and what to expect (more or less) there. He can't wait forever though, the longer the strategic review takes the greater the chance of market having another "panic attack"...Not sure what cards he holds (if any) but hope he plays it well this time...

KOH

He said October, but did he say which year?
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He also said he was hopeful. I also remember him indicating that ST2 would be 100% debt some time ago. Then we had dilution. Now we don't even have any ST2. CF's opinions / plans / indications are not the best foundation to build your hopes on, you should have learnt by now.

KOH

Surely,it has come too far to be allowed to fail.That would be a tragedy for the nation,the local area and the economy.
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Sirius will not fail. No way. This is getting built 100%, too much money to be made over the next century. I am not concerned about it at all. Nation, local area and the economy will be absolutely fine. Taxes will be paid, locals employed, charities supported. We just need clarification on who will OWN it in the future...

KOH

I think that the shorts - we call them shorts but they balance out their short position with a long position as well - have now more or less balanced their positions and just like us are waiting for the next RNS.
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Yup, waiting game now. The stage is yours, Chris.

KOH

https://www.youtube.com/watch?v=oIH8PSg4yi8

KOH

Since the petition reached over 10,000 signatures I thought I would be useful to find out how long it normally takes the Government to reply. This is the response from petition committee:

Dear...

Thank you very much for your message.

Usually, it tends to take Government departments about twenty-one days to give a written response to a petition.
We count this from the day on which we (the staff supporting the Petition Committee) notified the relevant Government department that the petition had reached 10,000 signatures. This means that, if the petition reached 10,000 signatures over a weekend or late at night, we may not count this from the precise day on which the petition gathered the required 10,000 signatures.
Sometimes, a Government department can take a bit longer than this. There might be several reasons for this. For example, the petition might be on a complex topic, so the Government department may need to take longer to research and write their response.
I hope that this helps with your question. Please let us know if we can do anything more for you. We’re always very happy to talk about petitions.

Kindest regards,
Petitions Committee, House of Commons

KOH

Yuri.F

Ok, thanks for clarifying.

KOH

Yup Cherokee101, agreed.

KOH

"absolutely no value being assigned to the asset in the ground."
Oh, was going to mention it...........It's not an asset, hence no value
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Well this is not exactly true.... From the accounting point of view resources supplied by nature, such as ore deposits, mineral deposits, oil reserves and gas deposits are natural resources or so called wasting assets. Natural resources represent inventories of raw materials that can be consumed through extraction or removal from their natural setting (e.g. removing oil from the ground or mining polyhalite). On the balance sheet, we classify natural resources as a separate group among noncurrent assets under headings such as e.g. "polyhalite reserves". they are normally recorded at their cost of acquisition (if any) plus exploration and development costs.
But this treatment applies to existing mines, not sure if Woodsmith is currently considered a mine from the accounting point of view considering the early stage of development...

KOH

Yes we’ve hit a hurdle with completing stage 2 finance but the Macp is lower now than it ever was before we originally had a stage 2 plan. This can’t make sense, any thoughts?
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Yes we progressed since but we also failed to secure ST2 funding.
This is no longer "on time and on target, choo choo train is leaving the station, everything's rosy and ST2 will be 100% debt". This is now "we failed to secure funds and are looking for an emergency solution now. The whole plan collapsed, time is limited, we have a few months left, catastophic sentiment, tanking share price and bad press. We are firing people and reducing the pace. If we fail to deliver, it's practically over. Even if we don't, the solution may come come at a high price". And mcap reflects that.

KOH

Bez.
https://youtu.be/ri6cSdyg8sU
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https://www.youtube.com/watch?v=k5E0udWxkSQ

Nobody can dance like Bez.

KOH

Cheers Fella

GL to you too.
KOH

No strategy at that point Tex.

Still holding but I'm massively down, trapped like many here and already wrote it off (in my mind). As I said no point of selling now trying to recover the remaining 10-20%, I'd rather wait and see. If I lose it all then so be it. I hoped for some temp spikes that would allow me to gradually reduce the holding (and reduce the overall loss) but atm it just keeps tanking....

IMO even if the company somehow survives in the current form the current LTHs (e.g. those with averages in 20s) won't make much. Good news would simply mean for them an opportunity to break even or so (if the hold long enough). Many people here don't fully appreciate that the damage is already done.

Those are buying now at 2-3p still have a chance for a decent returns if the project continues. It's all speculation now though. Let's see.

KOH

Don't kid yourself - whatever the arrangement the participating party(s) will be after one thing - and that is EQUITY.

KOH

SG

What do you think....?

KOH

I'm missing the daily SP finished posts
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There you go:

SP Finished
3.07 (+2.95%)
A lovely start of the week a a very positive indicator, stay strong LTHs!

KOH

Forget Government support Sirius - they are already fully booked in the period to 31-Jan-2019 and will be extremely busy slinging mud at each other in the coming months. Northern Powerhouse? What powerhouse....? Next election is all that matters.

Guy Fawkes had a great idea in 1605....

KOH

I/ Re-open the Wars of the Roses
2/ Get the pitchforks, blunderbusses , double-barrelled shotguns out. March an army on London. Occupy the Treasury.
3/ Oust the German House of Windsor and replace it with a descendant of the House of York.
4/ Make York the capital city of England.
5/ Line Buckingham palace railings with the heads of those working in the Treasury.
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And they call me a NUTTER...

KOH

I saw a recruiter for Middlesbrough/Teesside for a construction company asking for “large amount of sia security staff"....
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That's in case any riots broke out in front of Sirius head office after the next RNS....

KOH