Member Info for KnockinOnHeavens

No.

Consolidation or not - what's the difference...

I would stick to what the Company is officially saying about the ST2 instead of sourcing info from some articles written by journalists with varying level of competence.

RNS (27/09/18): "The Company continues to work with both the UK Infrastructure Project Authority and the lending banks, and the stage 2 senior debt financing due diligence process is ongoing. Bank commitment letters are expected to be obtained from commercial lenders in the fourth quarter of 2018.

The Company is preparing its revised financing plan to incorporate the additional estimated capital requirement of between US$400m and US$600m. Sirius believes that US$3bn of senior debt is the appropriate level of debt and will not seek to increase this amount. A number of financing alternatives to fund the increased capital requirement are under active consideration. Financial close of stage 2 financing is expected to take place in the first quarter of 2019."

RNS (05/11/18): Chris Fraser: "In 18 months we have made great progress and are now nearing the completion of the procurement programme to support our stage 2 financing process."

I wasn't nervous at all and was topping up like crazy at 21.47 with a huge smile on my face despite my mad 100% exposure.

If you really believe in something it eliminates any nervousness - all you see is a big picture and not a daily / weekly fluctuations. I hope the herd will give us another chance(s) to add more before ST2 is announced.

Right mental attitude towards your investment is everything.

Link to Jack Schwager lecture below - an old classic, everyone whether trader or investor should watch it

https://www.youtube.com/watch?v=L34PEEIuRgo

Enjoy.

Wrong.

We are still undervalued even if we don't get any finance on our terms and there will be a plenty of dilution BUT providing that the mine will be built as per schedule

It has such a fantastic potential that I will turn out to be a good investment in the long run regardless of method of funding. Obviously 100% debt would be a perfect scenario but even without it you will make loads of money providing that it will be built and you are prepared to wait long enough.

I'm all in - 100% funds in SXX.

I'll diversify once the mine is built.

A few percent annual dividend can be found anywhere, potential 10-15 fold capital appreciation, great product, decent management and great financials all in one are not that easy to find.....

You worry too much. And focus too much on current price and speculations.

They are about to dig, you know what it means long term don't you? It is really happening.

I'm betting on the mine, a construction process completed in a few years time. Simple is that. We may have to take paper hits along the way - dilution, Brexit, market downturns, delays, accidents, whatever - you name it. And that's fine.

It is fine because one day you'll be holding a stock of a fully operational mine with an amazing product, great financials and a 100 years life span.

This project is too important for UK Economy and post-brexit image to just fail. It's too important and too promising. It will get built this way or the other and that's what really matters long term. Price will follow sooner or later and trust me, it won't be nowhere near 22p on the opening day.

"And do we shoot those who are hedging their positions? The book runners? Or, Chris Fraser for soliciting their funding to start with?"

Maybe we should start (for the greater good :) ?

KOH

There should be a death penalty for shorting.

That should prevent it and sort the issue.

The difference is that 'Charles Tyrwhitt' shirts are not really worth more than their sales price, they just present them as if it was an amazing deal. In contrast to SXX shares they will not appreciate in value over the next few years either.

SXX-Pound-Party

Yes, I definitely meant betting ("for immediate return") in that sentence.

Not to mention that it is all form of betting anyway whether you trade, invest or go to the bookies lol :)

Freddie2

For immediate reward, try William Hill.

Mr.dt

Lol

Just topped up at 21.47p - you only live once :)

Stokey12

There is none.

In the same time, what's the reasoning for the drop to 21p?

Exactly.

At the end of the day it comes down to a simple question:

Do you believe the mine will get built?

It's is that simple. This way or the other, with additional equity raised or without, with more unexpected extra costs or without, delayed or on time etc

If you believe it will be built (assuming the most negative scenario with plenty of extra equity raised, delayed and more expensive than anticipated but STILL built) then the next question is:

Do you think that once its built and fully operational the SP will be higher than the F#~%ing current 22.90p per share? If you do then your money fairly safe and well invested.

If you don't, then you should probably be out.

Or just another Leaky Icky Icky....

(did I sound like Snoop Dogg)?

"Still beating the bank, but only just"

Yeah, but at what risk Mr Math? :)

"Just" beating the bank is not good enough.

or Nova Scotia... :)