Member Info for OldRascal

155,000 no votes from me.

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The BOD, HMG, AA and shareholders were playing poker.

Shareholders looked at their hand and saw that they had 4 x kings so went all-in.

The BOD and HMG had nothing so folded.

AA had 2 x aces. HMG slipped them a third. Seeing this, the BOD slipped them a fourth.

So close but no cigar.

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jonesrichard

You simply can’t keep betting outsiders in the hope that one wins at 100 to 1. You run out of money very quickly. Please, bet on a few favourites and make your fortune slowly.

You could do well here but it’s far more likely that you won’t. I sincerely hope that you do.

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jonesrichard

I saw EUZ being pumped about 6 months ago. The price had been around the 0.02p area for a while so I bought some. It more than doubled very quickly so I sold half of what I’d bought. Those that I kept became ‘free’ shares effectively. I sold the rest when the price fell to 0.025.

Just be a little less of an eternal optimist and a little more wise.

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IBAB, I pointed out earlier today (11:32) that small caps are likely to be very volatile due to pumping and dumping tactics (not the exact words but the thread was titled ‘Fools’ Gold).

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jonesrichard

When you google the sp, click on the 1 year button at the top of the graph. With GGL you will see it is currently more than double the average price that it has been for the past 12 months.

I’m not sure sharedealing is for you (seriously, I’m trying to be kind). Have you considered RateSetter? It’s not backed by the FSCS but you can get returns of 4%+ and it’s ISAable. You are young and compound interest will help you reach your goals. You may avoid continuing to lose significant sums.

When I was 18 I started saving £45 per month in an endowment policy. It didn’t return the riches promised at the start but I did take £24k out of it after 24 years.

From little acorns, mighty oaks grow.

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Be careful.

Other shares, especially in those with very small MCAPs, will attract some former SXX investors and this alone will cause the sp to rise sharply. Remember to sell when the price is high.

Most of all, be lucky.

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Causing mayhem....

The mine will be built eventually so the workers have little to worry about imho.

I’m voting no. Not because I expect to get rich. I have relegated my remaining SXX shares to the bin so they are worthless. Or I could take the £8.5k but that isn’t enough to change my life.

Popped a few quid in AAL. (Edging my bets).

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If you sell, keep one share to still get a vote.

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Down £1 today.

That reduces their market capitalisation (in one day) by 3 x the value of Sirius Minerals.

Just saying.

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HMG looked at what would happen if the refused to support Sirius Minerals.

1. The mine would be built by somebody else.
2. AAL shareholders (mainly IIs) would benefit from Woodsmith.
3. Mainly Norther PIs would lose out.

I guess they preferred those results rather than supporting those who got SM where it is today.

My next vote won’t be Conservative.

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I think they were feeling as sick as dogs at the AGM.

Now I understand the miserable faces.

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No.

At present there are two options.

1. Accept the AAL takeover and get 5.5p per share.

2. Reject the AAL offer and potentially enter administration.

Whichever option you feel is best for you should determine how you vote.

Those who want to accept the offer should sell now. Those who want to reject should hold or buy more.

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That should be between 400 and 500 SXX for each AAL share.

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Not a chance. The offer is cash.

They could offer one AAL share for every 40 or 50 SXX shares. But they haven’t and I doubt that they will.

You could sell up and buy AAL now or wait u TIL the takeover is complete.

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I agreee Myo.

I’m not selling and will vote against the acquisition.

I’m also buying some AAL.

This is because our government chose not to provide tangible support to the project. Because they get the benefits regardless.

Personally, I wouldn’t want to upset 85,000 Yorkshireman. Stay safe everybody.

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We could set up camp outside Sirius HQ and/or Woodsmith.

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Thomas Cook based in Manchester.

Sirius Minerals based in Yorkshire.

Flybe? Are they based in the south by any chance?

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Sounds like SM were misguiding investors (probably inadvertently).

I hope that there’s a public inquiry. The government have failed the investors and SM also have some questions to answer. Of course, I know that there won’t be any inquiry, public or not.

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