Member Info for KnockinOnHeavens

"Just because you install a smoke alarm and buy a fire extinguisher it doesn't mean you expect the house to burn down."
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Poor analogy. It's more like booking a demolition contractor to deal with the foundation of your house you haven't even built yet because your credit score suddenly doesn't allow you to fund the construction.

KOH

In light of recent developments the price levels the company shares will be trading at will make a huge difference in terms of potential options (and how expensive they will turn out to be) available to it therefore it is in their best interest to do explore every possibility and use every tool they have at their disposal in order to increase their chances. Time is running out. Money's running out. The risk of administration increases with each passing day. What I personally think and who I currently trust and believe in is one thing. What shareholders of a listed company can expect of their CEO is another thing. And if under the current circumstances taking any action that would help to increase the current SP (or any other necessary action that serves the purpose of strengthening the company's negotiating position in the coming months) is aligned with company's best interest then this is something he should be doing. The levels of uncertainty hit all time high and the passive approach in communication by the Company to date clearly doesn't help the situation.

KOH

I wouldn't pay much attention to the current SP to be entirely honest. What I mean by that is that there are ways to change it. Any little piece of news from the company (not even a deal but simply a confirmation of talks taking place or just anything positive) could have a huge impact on the price. One day you are valued at 3p the next day it takes off big time. Next thing you see is it doesn't make sense anymore. Markets are so unreasonable it could actually temporarily work in our favour. I'm not saying it will happen, I am saying it could theoretically be possible providing company plays it well. There could be a decent window to "jump out" or even make a small profit. Do you remember 50p+ per share? Why did that even happen? The answer is simple: sentiment. That's it. No concrete facts, development far from today's levels, just sentiment. That is why it is crucial for the company to communicate with the markets and use PR & news to their advantage. That's one of the few things they can still control and have a tangible impact on.

I hope they incorporated that in their strategy. So far they are quiet as usual...Not very clever, uncertainty loves silence.

KOH

I personally think you are completely deluded but must admit: I do admire your perseverance.
An excellent trait to have at your disposal, helps a lot in life if applied properly.

KOH

I believe Sirius Minerals Wordsmith's Mine will be completed...…...
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It also says: "But I am by no means certain that it will be Sirius Minerals that finishes off the development of the mine and its infrastructure. To me, it seems perfectly possible for the company in its current form to become insolvent".

Fool's articles are as reassuring as the fact of the CEO "sounding confident" after the sh**t hitting the fan recently.

KOH

I think you've all been with Sirius long enough to notice the following trend:

a) The company's next move is normally different from their earlier indications and usually completely different from most predictions posted on this board
b) The outcome is normally substantially worse than anything being predicted here

Whatever they will decide to do I don't expect it to be a reason to pop up champagne, being Sirius holder now feels more like being a death row inmate waiting for an execution....

KOH

JR after Sirus' Notice of Intention to appoint administrators in a few months time:

"another nice strong finish...."

KOH

It's 17:49 in Australia now and Gina just had her crispy pork belly for a dinner. She's sitting on her patio checking Sirius share price on her laptop and smiles silently thinking about 2020....

KOH

F***k it, 14% of nothing is nothing anyway...

KOH

Try harder Chris, I mean PAAA :)

KOH

Bread? Fish? Enough to feed everyone?
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Ouch, still bitter? Don't make me call Oura2 to smash you into pieces like he did last time... lol :)
And why don't you tell us the story about your meeting with Chris Fraser when you looked him in the eye "our CEO" cheerleader? Can't wait to hear it again.

KOH

So it is either absolute dilution or buyout. And if you wanted the assets, you would not invest now. You would wait until the business is on its knees, I.e. administration. Then you would strike. Therefore, the business survives, the locals are happy, the PI's lose everything.
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Yup, as per my earlier post:

"... the share will still be subject to various rumours and manipulation for the next few months before they completely run out of money. Fraser will have no power at any negotiating table, in a few months it will be "either take it or die"...And those with money will patiently wait now watching him up against the wall bleeding to death. Law of the jungle prevails again. Unfortunate for naive few."

Miracles don't happen I'm afraid.

KOH

If Sirius (or any other private business) fails it practically means a few thousands jobs (and / or potential jobs) lost and some reduction to the future tax revenue. Not the end of the world from the government point of view. If on the other hand the whole financial system crashes you my friend will be facing anarchy, war, blood on the street and effectively the end of the government.

A little difference.

KOH

Sirius looks like a victim of multiple rape now. Really sad to watch.

KOH

If there is bad RNS tomorrow CF should face investigation.
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Yup, potentially another one.

KOH

"Tree Shake"
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Not much left of it. It doesn't even look like a tree anymore. Broken branches, no leaves, half burnt and on the verge of collapse. Any little breeze will finish the job now. New owners will probably put the Golden Wattle, Kangaroo & Emu in the logo.

KOH

I see that purchase as a complete pretence. A slap in the face. Pocket change to him. If he’d put a million in like the new Ceo of BT then I might have believed it. This is a pitiful attempt to inspire confidence which has exposed the weakness of our position.
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Of course it is. That's what directors do - act confident when the s**t hits the fan. That's what captains of the sinking ships do as well - calm everybody down as they go down. It means and does nothing apart from softening the blow.

KOH

JR

You can't predict the top so reducing the holding gradually on any rise seem reasonable (basically reversed averaging down) hopefully resulting in reducing the final loss by several percent. That's just the theory anyway, we might never see 5p again...You never know, especially in the current circumstances.

KOH

Glad to hear Max,

I am not selling at a 80% loss either. No point. And it's not because I believe in the "strategic review" nonsense or any other happy ending. I don't. I am just waiting for a little spike to exit, I think this is still possible and the share will still be subject to various rumours and manipulation for the next few months before they completely run out of money. Fraser will have no power at any negotiating table, in a few months it will be "either take it or die"...And those with money will patiently wait now watching him up against the wall bleeding to death. Law of the jungle prevails again. Unfortunate for naive few.

KOH

Good luck to you DarrylJ (100% honest), I wish I could share your optimism.

"Double digit" was when the ST2 funding and bonds sale were one step away from "sorted", the current situation is a completely different animal. Much more difficult task than the one they just failed to complete. Very high risk with unfavourable conditions and limited time and resources. Even if they miraculously found the solution it would certainly cost a fortune. It doesn't cost a dime to dream though.

GL anyway.
KOH