Member Info for Longtermview24

Not Salty at all Slums and not made any wrong decision. If or until they turn out the lights, the investment proposition, clearly articulated in the latest presentation and conf call, remains - and I remain (very substantially) invested.

GK only pops up when he thinks it will suit his position. I agree he is not alone, but his knowledge and persuasive writing style is more dangerous than most - a wolf in sheeps clothing.

I'm here to learn from the collective FACTUAL knowledge that's contributed by a small number of posters, and also to be alerted to publications/analysis that posters find that cover the company; contractors and/or substantial investors, which is all very helpful to understanding whether this remains a good investment proposition or not.

The vast majority, unfortunately, are keyboard warriors that have nothing useful to contribute. If you think the company is a sham, a fake and/or the project is a pipe dream, fair enough but why feel the need to "save" us poor investors. That I don't get. There are hundreds of company's I wouldn't touch with a bargepole. I have neither the time nor the inclination to post on those boards to save the world.

It doesn't take long to sort the wheat from the chaff. No prizes for guessing which camp you're in.

GK,

You had the decency to disappear after your last bunch of clap trap book talking (what was it - 95% or 100% certainty they would get the bond away) turned out to be a lot of hot air. Now you're back with more hot air. Your book must be a lot thinner, but your skin is still thick. Turns out you're not as smart as you think you. Give it a rest.

I'm very hopeful they'll raise the necessary finance that will create shareholder value and that, long term, when the mine is producing, i.e. 2025 onwards, there'll be a decent return for all investors, even those presently nursing a large paper loss. What form that will take is anyone's guess and that's all it would be at this stage is a guess (unless your on the Board).

No point in guessing. If shareholders think the finance will be raised, then they'll see an uptick in price from here. if they don't think fiancé will be raised then they should sell as the money runs out soon. Pretty simple and fairly binary at this level (3.5p).

Your posts should always come with a health warning.

Two points of fact. NI voted remain. The DUP do not speak for NI.

Ignore the doom merchants Bob. Good on ya for having a go.

Sounds good Bob. The "tirade" suggests some "shareholders" are worried this project might actually succeed. Who'd have thunk it?!

Gonzalez - Abuse!! - get real snowflake. If you make idiotic statements, then you're exhibiting all the signs of being an idiot. But don't feel bad, you have lots of like minded friends to chat with on here, probably for the next number of months (sadly)

rrrRRRrrr - the point is that the 500M would be spent prioritizing the shaft which is perceived as high risk. Get the shaft through the acquifier to first poly and then the rest of the construction is much lower risk and can be funded through vanilla debt.

Jesus wept, has no one been paying attention over the last few days to whet the strategic review is all about. Oh, I forgot, according to the newest posters, it's just so CF can rinse another few months salary out of the company - he's not bothered about preserving the value of his 124,000,000 shares, not to say his reputation and having something to show for the last ten years.

Seriously, wake up and do some research people. Don't be conned by the good Samaritans (with their bad grammar and atrocious spelling) who are here to save you. I'll never advise anyone to buy or sell (like they do), but please do some research. listen to the conf call, read the brokers note....and ask yourself if this was nailed on to go pear shaped, why did the sovereign wealth funds pile in recently at 15p and why did Scrimshaw cough up 200k of his own money at the 15p raise. They all thought the bonds would go. Market turned. Nobody's fault and nobody could've predicted it.

But it's how the BOD adapt from here that determines our future...and they're a savvy lot, with a lot to lose, not just CF but Scimmy and others too

Gonzalez5000 - either you're another fantasy s-holder or the dumbest man alive. Get the bond away and we carry on as we were, full steam ahead 2 months ahead on the tunnel and everything else on track for first poly 2021. As Myo said the other day (and CF said on the call) it's the perceived construction risk that got the bondholders and JPM knickers wet and, even then, with some warrants or HMG backing the bonds would still have gone.

"Further dilution is not really an option. You want to raise 3bn on a 400m market cap? There would be no upside on current NPV at those levels. "

If that were the case then CF would've thrown in the towel. Liberium came up with a number of plausible (their word not mine) scenarios that preserve some decent value for current sholders. These scenarios were all alluded to by CF on the conf call. They're no longer looking to raise all the money in one go.

The broker note is posted on Blueshare if anyone is interested

Or 500 people at 100k each....
Perhaps the way to do it is open it up to anyone in units of 5k (100k units) and interested parties can offer to purchase more than one 5k unit.

Or 50,000 people at 10k each. Getting the bond away, essentially through crowdfunding, would not only avoid absolute catastrophe but would also avoid the punitive dilution that seems to be best case scenario right now. Not quite sure how you can vet the veracity and capability of those that offer up a contribution, but where there's a will there's a way....

Promised, intended, guided....whatever....There are too many on here hung up on semantics.

We're all grown up enough to know the funding wasn't/isn't cast iron guaranteed, but if it is forthcoming then I believe there is sufficient contingency in the budget, combined with modern construction technologies, to deliver the mine as intended, guided, promised, budgeted (choose your own adjective) and, as such, long term investors will be rewarded for their patience, insight and resolve.

I have a significant position in Sirius. Just like Jim Glickenhaus, I'm taking a long term view. Holding until at least 2024 (assuming there is still something to hold past Sept). There's a lot of nonsense spouted on here, but the odd informative post. Even some informative posts can be self-serving (GK). This will become a successful business. SH will be rewarded, so long as CF can pull off the remaining funding as debt without further dilution, as promised.

Interesting couple of weeks (and years) ahead First Poly 2021; ramp up to 2024; woodsmithandbeyond