Member Info for KnockinOnHeavens

Does anyone have a comprehensive knowledge or understanding of all the laws / regulations governing the process of going private and its impact on shareholders of the company? What does it involve step by step? What are our rights? Can it be rejected / approved? Do we collectively have any power to stop it? Or can we be given just about anything / forced to accept it? Please share if know anything.

Thanks in advance
KOH

LITC

;)

KOH

Happy Clappy squad will be back in the morning for sure cheering for the Supreme Commander:

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

KOH

Never has shown any empathy, sympathy or gratitude to us we were just useful to him and now we are not he is disposing of us, I hope I never meet him.
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Too late for some. You should ask PAAA to tell you the story when he met Fraser in person and looked "our CEO" in the eye. Truly touching.

KOH

"I asked this question this morning and have had lots of answers. Unfortunately I am none the wiser now than when I asked the question. "Has anyone got to hand the current depth of production shaft and how far in the tunnel is."
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Nobody fu***kin cares about the fu***kin tunnel anymore mate....That cu**nt behind the wheel Fraser is about to get lynched....

KOH

"Don't forget, Norway and Quatar wealth funds are in this along ...."
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I wouldn't hold out too much hope of that. Percentage-wise, those holdings really represent a tiny fraction of their overall portfolios - they may hold simply because they can easily afford that bet. And they not always get it right anyway. And even if, it will cost the company a fortune. The same with government - I think they spend considerably less time dwelling on "wasted opportunity to help funding Sirius " than some here think...
Fraser's options now must be seriously limited and negotiating power close to 0, think about it objectively for a second.
His proudly sounding "strategic review" is in fact a desperate fight for survival. Clock is ticking, the countdown has begun. Potential saviours understand that. They know that he will do / accept whatever's on offer / necessary to stay alive. And it will very likely cost a lot. Practically guaranteed. Unfortunately this is not a good news for the current holders no matter how you look at it.

If you haven't managed your expectations after the last month, it's time to do it now. More pain to come. Nothing's for free in this world.

KOH

" In my mind there is no doubt the mine will be built and local jobs saved and local area will prosper." - Fred

As much as I would love that to happen, I now have my doubts about the construction too.
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I don't.

- The mine will be built.
- The construction will be fine (we are in the 21st century and it's not exactly landing on the moon, is it?)
- Jobs will still benefit the region and next generations
- Taxes will benefit the government
- Sirius charity will benefit everybody
- The product will benefit the world
- Current shareholders will pay for it all dearly (in one form or another including the potential ultimate price)
- Future shareholders will enjoy growth, stability and prosperity.

We are in the wrong place at the wrong time I'm afraid my Dear LTHs. Timing's everything in this game.

KOH

....the cycle of investor emotions ….optimism/excitement/thrill/euphoria/anxiety/denial/fear/desperation/panic /capitulation/despondency/depression/hope /relief/optimism....
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Wow, true behavioural expert. What about I think the company could do really well - let's put some money on it, oh no fu***ckin leaks, oh no - no funds, oh no - JP Morgan deal, oh no - fu***ckin CEO, oh no, oh no, oh no.....
Actually, fu**ck it all - still glad to be healthy and alive.

KOH

It could just be my depression returning to cloud my judgement but I feel administration is the most likely outcome.
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I have completely written off my investment (in my mind) some time ago, mourned, recovered and already planned in detail how to gradually get it back. I recommend it. After a while it actually feels really good - no expectations at all. If I ever get a chance to get a fraction of my investment back - great, if miraculously the news will turn out to be really positive for LTH - even better. Abandon all hope - anything from there is an upside.

KOH

From where? From Catarrh?

KOH

"Qataris are the richest buggers in UAE"
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Both Qatar and United Arab Emirates are completely independent sovereign countries.

KOH

JonesRichard

Ok, you convinced me. I'm feeling super positive at this point too, the news and we are due funding news one day within the next 14 trading days which will more than likely send the sp back into the teens and it just a matter of a couple of months or so for 20p+ buyers to be in profit again (450% increase for the current buyers). I will hold you to your word.
For now and since the world is so great and our future rosy - let's party!!! Heeey! Heeey! Heeeeeey! The next round's on me!

KOH

Cherokee

I'm not sure. It could mean nothing. And even if, it doesn't necessarily mean a good news for existing shareholders. Even taking the positive approach and excluding the "no deal" scenario for now and whatever the solution will turn out to be, it will likely be highly damaging to the current LTHs. We just don't know the scale of damage yet. That's the reality, we will get hit again. I'd consider amazing any deal where the current holders with averages at 20p+ would have an opportunity to breakeven one day (e.g. in a few years time providing they keep holding) considering the circumstances.

KOH

"It is impossible for rational investors to assume that SXX CURRENT financial position can support a debt anywhere near what is required."
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Of course, I wrote about it some time ago. Some here just choose constant airing about the estimated potential future value of the resources trapped under the North York Moors National Park and from there drawing conclusions that the company is "massively undervalued" which shows a complete lack of understanding of basic laws governing this type of projects. They may have permissions to mine billions worth of resources. They may even know about hidden vein of gold there. But in order to get there and start mining process they need billions too. They need infrastructure and billions of dollars they unfortunately don't have. I've seen fully operational companies making profits and going bust in the same time simply because of liquidity issues. It happens all the time. Let alone some high risk "prospects" with questionable future market and non existing revenue. A TORP or two doesn't make any difference here. And It cost nothing to commit to a future discounted purchase too. It doesn't change the fact that they still need billions to complete the mine and start production. And they need it fast. At the moment the company probably has less than a 100mil cash sitting on the balance sheet, reduced human resources and no revenue whatsoever to support operations. Time's running out. Do you really think the current SP doesn't reflect the value of the business? I don't.

KOH

Not*

No sure if posted:

https://www.valuethemarkets.com/2019/10/08/the-shifting-shares-view-sirius-minerals-ceos-bizarre-attack-on-bulletin-board-gamblers-sxx/

KOH

"JPM one of the biggest and most powerful banks in the world couldnt sell our bonds at 15%"
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Or maybe never really wanted to and tried too hard? And by the way, one wonders who appointed those well known thieves to work on the "best effort basis" in a conditional deal announced in April-19 in the first place, hmm? Wasn't it the same guy who recently blamed bulletin boards for the catastrophic losses incurred by the shareholders of the company run by himself?

As pathetic as his recent purchase.

KOH

Mr Fraser was nursing a sore elbow when he met The Times, injured through “too much swimming”.
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A drowning man clutching at a straw?

KOH

LITC

;)

KOH

Chris Fraser said that the Financial Conduct Authority should investigate the bulletin boards where retail shareholders in Sirius and other companies discuss their investments.
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I'd wish us all our dear CEO was as half as concerned about the need for FCA investigation in relation to multiple leaks in his company seen over the last few months as he is with bulletin boards.

KOH