Member Info for MrMath

Enough said. Don't get left behind.

"I think we’ll be 26p tomorrow and 35p on Thursday."

This share is making me sea sick!

At this price SXX has already secured the "Bargain of the Year" cup. If it drops much further, we will be in with a chance of winning "Bargain of the Decade".

"Negativity is a positive thing it shows a weak hand."

Very true, lots of people on here looking to buy in, some at a fantasy price, and it's very clear why they want to buy in!

Am very confident that the SP will be at least mid 40s (say 44p) near Christmas. Reason being that people cannot resist buying in the run up to potentially very good news, and Stage 2 will remain unsettled for the rest of this year. It's what happens to the SP immediately after we learn about Stage 2 in 1Q 2019 that I would love to know.

"I am still sticking with 44p by December."

I agree, this share always increases handsomely in the run-up to potential good news. So mid 40s in December is a very likely. It's what happens when the news arrives, or doesn't, that's the kicker. And so far we've always been kicked back down.

However, I remain convinced that at some point this trend will be dramatically broken. I expect it to happen in 1Q 2019. That's why I'm too scared to sell on the highs - don't want to make £20k when I could have made £200k.

"After 6 years the share price is the same!"

True, but we are much much closer to production. The price can't stay down forever.

RNS looks good. LSE a bit slow to put it up this morning.

"I find that it is better for me to hold shares in a normal share account."

In agreement with that, Buntswood. Provided you keep a close eye on the figures: always use your CGT allowance, sell losses to offset gains, keep up to date with your investments, etc, then the freedom to trade outside of the ISA and SIPP tax shelters can far outweigh their benefits. You do not want to get caught with losses in your tax shelters.

"I have a nearly six figure loss now, so trust me I'm with you."

Lost £45k on this one, which is about my average trading profit for an entire year! But that loss would now be £81k had I not cut and run. However, still keeping an eye on this one as it ought to have been a good investment but mistakes by the BoD really damaged the SP. Got the feeling there is still hope though.

"My money is on a blue opening now people have had time to digest what was a massive over reaction."

I'll go with that but reckon it will drop soon after the early rise and not really establish any direction over the next 10, or so, trading days. As I plan to neither sell nor buy for the foreseeable future now seems like a good time to test my self-discipline and not look at the SP for the next ten days.

"But while you are waiting to buy back they announce st2, the dig is 22m per day and they have sold 6millions tons in a torp."

Spot on Bellers, you've highlighted the difference between gambling and investing.

"I’m optimistic that the share price will recover handsomely if St2 goes to plan including a minimal level of further dilution."

Agree with that and will certainly be holding my 900k shares, but at an average of 31p am underwater at the moment.

Very disappointed that the drop was due to an engineering error. Could have accepted it better had it been due to dilution but we still have that spectre hanging over us, although even if it does occur I doubt the effect will be as pronounced as what we have seen recently.

Also agree with the sentiment you can't simply base your faith on the fact that the mine will be built. We know it will be built, but how we get there is extremely important too.

Was planning to buy more before the latest RNS hit but it will now take extraordinary news to encourage me to add (SXX is not the only game in town). However, won't be selling a single share until we are over £1. And one day we will be there, but we will just have to wait a little longer.

"Some bad news I missed this week?"

Doubt you missed anything other than the impatient herd assuming "No News = Bad News".

Seems unlikely that a state of panic can be maintained for another couple of months, which may well be what is needed before we get final news on Stage 2.

"It's a rare day when Sirius doesn't climb first thing in the morning."

You're right. And I've often wondered why it does that. However, I have never seen it as a good thing as the inevitable trading pattern pans out during the day and the gains are very often lost. With a different pattern we could end the day blue.

Well almost! Wish I had know the nervous were selling today. Just got back from an off-road bike ride to discover I missed my best chance to add my final 100k shares to take me to 1 million.

"When you're in a hole stop digging :)"

Don't tell that to the workers at SXX.

"Still more or less over 10% down even now."

That's quite an achievement! But just chill and you'll soon be in profit.

It's those that are constantly in and out that tend to lose in the long run.

"At this level a couple of percent either way causes me extreme pain. God knows what it’ll be like at £1."

If you want to get rich, you've got to get used to your wealth going up and down by crazy amounts each day and learn not to do anything stupid. Reckon a few LTH's may fall by the wayside for this very reason.

"Second crack at 37p failed."

Do not worry about 37p. The 30s will very soon be history.