Member Info for KnockinOnHeavens

Pretty far from huge and considering "RateSetter" returns are basically guaranteed.

"I’m not sure the market is ready for $1 billion of new shares"

That would be a 5 billion new shares at 20p and shareholders value literally ripped in half forever. In other words - a complete disaster.

... ;)

SL,

Apparently the only thing that is measured by the traditional IQ tests is the one's ability to solve the IQ tests.......Researchers' understanding of the complexities of the human brain has evolved substantially over the recent years and a new study suggests that there are multiple types of intelligence. Quote: "Classical IQ testing is a massive oversimplification of the spectrum of human cognitive ability" says it all.....

We are all geniuses in our own way, sometimes we just can't understand one another :)

KOH

SL

You may need a liquidizer in order to do it - my Braun works perfectly, I recommend it.

:)

Just look at the growing hole in the ground on Sirius' twitter page instead of the current value of your holding. It helps.

Yup, but you don't lose until you sell.

John2015

That's ok, just sit tight then. You'll be fine in the long run.

KOH

Thanks SL,

A bit of a gamble but hey you live only once.

KOH

Don't worry, I topped up there at 35p in September too.

However this is not going to discourage me to lower my average and use days like today to my advantage.

F@ck it, I just topped up again at 20.20.

Bargain of the century, better than any boxing day.

"The share is totally undervalued imvho. I think this will shortly be in the 40+ mark. Just a gut feeling"

Speaking about gut feelings - my gut feeling has been telling me for some time that there will be some sort of an issue with ST2 in the new year, that it's not all roses and there is still more disappointment for PIs to come. And I wouldn't be surprised if it turned out to be truth. Both gut feelings however, yours and mine, are completely irrelevant here.

On the other hand my logic tells me that those shares will be worth much more one day than they are today if you are prepared to wait long enough, and that's including even the worst and most painful dilution you can possible imagine (within reason).

You choose which one you want to listen to.

SL

You know my opinion about Gina's deal and Christmas mood isn't going to change it lol

I respect others can have different opinions of the matter though.

Merry Xmas to you.

Regards
KOH

Also,

"The company wouldn’t be keeping to schedule with the construction works if funding wasn’t highly likely"

It could be argued that they would even if the funding wasn’t highly likely (just to keep up appearances and show that they can deliver on time during that difficult period of negotiation / obtaining the full funds).

Just saying.

RuSirius

"The only concerns should be over the timing of financial news (no missed targets otherwise the market will savage the SP) and the terms of the various aspects of the total package for existing shareholders"

Exactly, and those "terms of the various aspects of the total package for existing shareholders" could be the main issue here if for any reason the Company "struggles to secure the original 3bn via 100% debt" (as per my post).

Let's hope Q1 will bring some good news.

Regards
KOH

SL

That's what I meant, we are fully aware of behavioural tendencies of the crowd.....

Re Gina - I would love to "shove my cash in with alacrity" too If I could get her "100 years deal" (obviously in a proportionate manner) in return......The reality is that she plays a different game here than we are and risk/potential reward ratio is completely different to ours too.

Regards
KOH

There is one thing that keeps bugging me since that almost 50% drop over the last 4 months and that is: what is really included in the current SP and most importantly, how can this be justified?We keep talking about leaks, uncertain political situation in the country, extra cost, potential dilution but really.....is it all worth 50% drop? Is it? In terms of securing ST2 funds we are not any more uncertain than we were a 6, 12, 18 or 24 months ago, are we? I'd say we made a great step forward in terms of construction progress and proving that the process can be managed effectively and certain elements delivered on time. Political situation? Hmm....it's temporary by nature. There will be fat years and there will be lean years......and none last forever. The same can be said about market sentiments. 400mln extra in the form of new equity? Hmm...Is it really worth 50% drop especially it would likely be offset by the huge injection of certainty in the form of securing the whole ST2? I'm not convinced. So what we are left with? A potential leak (doesn't matter who) and not just any leak but the information suggesting that the company actually struggles to secure the original 3bn via 100% debt (let alone the additional 400mln)......Unless we can blame it all on unpredictabIe human nature.... I really hope I'm wrong and considering the huge potential for growing your capital when investing at such an early stage I still have no doubts that if we are prepared to wait long enough, we will eventually make the money in the long term.

For now, all we can do is guessing. And gamble. Sit tight or sell hoping that we can buy back more once the RNS is out.

This way or the other, Merry Xmas to you all and let's hope for some good news in the first quarter of the New 2019 Year.

Regards
KOH

Anth63,

What else do they say? What did they tell you? Where do they know from? What exactly do they know?

Or are we talking workplace legends and labourers speculating in canteen?

That's the thing,

If the news turned out to be positive, we'll be buying at 30p or more before we even manage to react..

Buying at 20p today should make money in the long term, it's just super cheap even including dilution in the near future. Of course all of that providing that the mine will get built (this way or the other) but i'm not even taking some catastrophic scenarios into consideration.....This project is important not only for the region but for the whole country.....Organic, highly efficient and generating tons of money, helps feed the planet, creating jobs and raises the profile of the whole region - a perfect "face" of the post-brexit Britain.

Still sitting on it MrDt

The choice is really to top up anytime in the coming days vs wait for news & potential placing and buy more then.....Last time they raised equity SP dropped below placing price, it could happen again.....

Atm my inclination is towards the "topping up anytime in the coming days" (the current price is a steal no matter how you look at it providing that the mine will be built)