Member Info for MrMath

"Must admit with the mood around here today, when you said you were just going out, it occurred that you could on hols in a tent in Antarctica when you said that!"

GK, that made me smile.

Not adding, but feeling confident about Sirius. Although, sometimes, I do wonder if I need to learn to panic more. Once got a farewell card from work signed by the whole department that said, "If you can keep your head while everyone around you is losing theirs then you don't understand what's going on!"

However, my statistically oriented approach to trading has served me very well, so no plans to get emotional just yet.

"Motley Fool panicked the herd."

John, not sure that one popular source can have such an impact but we will know better tomorrow, depending on whether we see an RNS or not.

Over £16k off the portfolio today.

"Think of the poor mugs who were buying in the 40s!"

Bought about 12% of my total holding at 38p. Have made better deals :-(
Anyway, not selling, not buying. Just wondering what tomorrow's RNS will say.

"Basically, I think people will get excited and sell far too many shares far too early."

Agree with that Vin. Applies particularly to those buying in recently. I've not worked out my owning selling strategy, except to say I probably won't let any go below 55p and may hold the majority to 80p and above. But many people may not be able to afford to wait. Once it starts rising I can see a lot of shares changing hands very quickly.

"That said, if financing is put in place, the stock could pop."

Loved the get out clause at the end.

"I would have hoped that SXX reps would be working hard on real actual funding proposals rather than presenting the same old stuff in Miami!"

A bit like buying a house: the wrong lenders can cause all sorts of trouble; find the right ones and it suddenly becomes easy.

The same thought crossed my mind when I saw the £740 billion Norway Wealth Fund article.

Well, just checked in on the SP today, and got to agree, that last 10 minutes is a little curious. Will definitely be checking up on things tomorrow.

The SP has got so dull lately that I keep forgetting to check in on it.

Now the price is lower it's an even better investment.

Hi Bobster. Have about 900k shares at 31p average and nobody but me is getting any of them, well at least until they're paying a nice dividend that is. Optimist too, but also a realist, so sleeping very well and looking forward to the future.

"I don’t see that the updates add any value."

OldRascal, agree, but I'd go further and say they are detracting from SP value.

Not bought or sold a share since last August. With 900k shares at an average of 31p I'm in this up to the eyeballs. But not sure how much longer I can resist buying more at these bargain prices.

All that waiting, and not much news. Sigh.

I'm with the $0m crowd.

" I invested £11,500 at 31p oops."

onedaydave, have an average of 31p too. There are very few places where one could match the 5 year growth that we will see in Sirius, and fewer still that will match its growth over the next two months.

Didn't really say anything. Kind of sums up the last two and a half years.

"Even a fantastic construction update may have a very short term negative effect on the SP because it is not a financial update."

That's a great point, chilting. The main thing people are interested in right now is stage 2.

Agree. Could be a volatile week and it's stage 2 everyone wants to hear about. What is there to say, "It's almost sorted, just give us a few more weeks guys."

"I’d also hazard a guess a lot of people don’t perceive the construction risk as highly as the finance."

Jack, you're spot on. When Stage 2 is out of the way, for a while, the climb will be steady and relentless.