Member Info for MrMath

"The market was closed."

Yes, we know that. But the so called 'spread' was still showing, and it was huge. People could see it and that alone gives it meaning.

"It means nothing."

Not sure about that. The so called 'spread' was pretty large years back when the planning meeting was on, and there was a very good reason why! Sometimes these 'spreads' are random, but sometimes there is something behind them.

"Just the usual run up to announcement."

Yep, a very common occurrence with Sirius. Was expecting this to start last week. But hey-ho here we go.

Looks like the usual steady pre-news climb has begun.

Guess my mid 40s figure will have to wait until March.
Happy Christmas everyone!

How's about this statistic then: we closed at 22.00p on this day last near. A year on and not a lot has changed.

"Are we looking at another slow slide after that until construction completion and/or production?"

Probably - At this rate the potential dividend will soon exceed the SP :-)

rrrRRRrrr, you say about the details of your SXX deals, "I have no idea as I bought £40k worth over time." But as you started buying in 2016 there will certainly be a record of the dates and quantities somewhere. You will need those transaction details. When you have them, just put them into http://www.cgtcalculator.com/calculator.aspx

"Just come from a family funeral... Puts life in perspective, you can't take it with you..."

Milo, Me too. Maybe one of the reasons I feel so calm about this, even with 900k shares at 31p average. I can afford to buy more but I'm happy with my lot and I know the SP will recover and go far beyond my average. And when it does, I will not regret NOT adding any more at circa 20p. I stand to make lots anyway and doubt that I would spend it all.

"I have B*o*dy learnt to not trust any RNS' in future!"

It was the 4 July 2017 "Breakeven" RNS that suckered me and led to a £45k loss. Had £104k "invested" that was worth about £124k at its peak. Fortunately, managed to salvage £59k and use the loss against gains on other shares, so hardly any profit last year but at least no Capital Gains Tax to pay.

This tax year is a different story though: it's a very lucky person who has made anything at all on the markets, so no gains against which to write off your losses. Might as well have invested in a 1% Fixed Rate Bond over the last 6 years.

Put me down for 48.24p at year end.

Lost £45k here, but salvaged £59k of my £104k investment after Eric's second hand car salesman's interview a while back.Hope SpareChange got out with something. He had a huge investment at the 3p level.

"MrMath.... what exactly was the lie/s Eric told us?"

petham, The RNS dated Tuesday 4th July 2017: MySQUAR Achieves Run Rate Operating Breakeven.

They don't come much bigger.

"Out of interest, anyone have any idea on our legal grounds here?"

Anyone whose been involved in this share a good while knows we were lied to by Eric. But there needs to be sufficient money worth recovering for any legal process to be worthwhile, otherwise you're just throwing good money after bad.

"Guess I'm used to AIM boards, rather than solid divi payers."

Good to hold solid divi payers in troubled times. Never sell Shell.

"Do you salvage what's left or wait to see the outcome?"

matis, I asked the same question when we were at 2.5p and my average was 4.4p. Having invested £104k I bailed, losing £45k but salvaging £59k.

At time was thinking to get back in if Eric went and the price ever reached 0.85p. Still not back in though but watching closely. Thinking it will now go to at least 0.2p and from there it's a complete coin flip.

Wish you all the best. Certainly puts things in perspective.

As others have said, it really comes down to what percentage of your capital are you willing to risk. I should also add, that it depends on how greedy you are too. Given that this share will without doubt surpass 38p at some time, if you are patient you will get back all you invested and more. How much more do you want?

Buying now will likely increase your profit in the long run but it will cause you more worry on the dips as we make our way forward. I'm 28% down but my portfolio is overweight with SXX so I have not added, even at this gift of a price!

You can get drawn into adding on the dips, even my 38p purchase was on a dip (it was over 40p a few days prior), and you may not feel inclined to sell any tranche you buy now once the SP has increased. One usually wants more.

When you make your decision, be disciplined and keep yourself informed, don't be driven by emotion.

Is that bottom I can smell ...

"Is the market questioning the ability of the company to raise the required finance."

Questioning is the last thing that's happening at the moment.

You need to know how to read the herd to make money.