Member Info for OldRascal

Harryoffdock

The prospectus says the shares are expected to be credited to your account on or after 23rd May.

OR

AIUI, if you sell shares held in your ISA, the money you receive will appear in your ISA account and can be used to buy OO shares. These shares will remain in your ISA and will not affect this year’s ISA entitlement. If you take the money out of your ISA account then it can only be re-added using this year’s allowance.

Anybody who cannot afford to buy into the OO should sell some shares today so that they can afford to buy in the OO. I’m with Halifax and they tell me that the total cost of the OO shares that I can buy is simply the number of shares multiplied by 15p i.e., there is no commission and no stamp duty.

OR

I believe that means you can’t trade the shares until after you buy them.

OR

Maybe you need to open up this year’s ISA allowance.

OR

If your ISA allowance has been used up for this year (2019/20) then you can’t buy into your ISA account.

You will need to either...

1. Sell some shares from your ISA account to free the money needed to buy the OO shares.
2. Buy the OO shares in a non-ISA account (phone your broker).

OR

Alternatively, if you have used this year’s allowance, sell some to free up some cash and use that cash to buy in the OO.

OR

If you have used up your ISA allowance for this year then I assume you cannot buy more shares (through the OO) into it. I would hope that you could buy them in a non-ISA account instead.

I haven’t used my ISA this year and have SXX shares in both ISA and non-ISA accounts. I received two corporate actions to buy into the OO.

I’ll be taking up both, of course.

OR

I think that the open offer (OO) to PIs (1 for 22) will be somewhat oversubscribed.

There will be some people hoping to get more than 1 share for every 22 held on 1st May and they may well be selling now to fund their OO aspirations. If they fail to secure all of the shares that they would like then they may try to buy on the open market.

With a significant number of disenchanted shareholders I see the downward trend continuing - at least until Stage 2’s $2.5 billion credit facility is secured.

All things being equal, I’d prefer to buy in the OO rather than on the market.

OR

Trading with leverage is something I know very little about.

Sounds like you know even less.

Sorry, I cannot help.

OR

bicko

You have lost what you have lost. Forget it, it has gone.

The question now is, if you were new to this share, would you buy at today’s price? I would and therefore I am holding on to my shares and will add as funds become available.

Will it go below 15p? Possibly - last time we had an open offer at 20p it went to about 17p if my memory serves me correctly.

Look at this as a buying opportunity to get your average down.

OR

Nobody wants to see this succeed more than me. I live 3 miles from Woodsmith. I do not believe the $2.5 billion is ‘in the bag’.

On second thoughts, there are people who want to see this succeed more than me. Those who have invested pensions into the constant (cough) mistruths. I’m lucky enough to be retired and can afford to lose what I have invested. Others that I know need this to work in order to retire.

I thought CF was a finance specialist. Not seeing it right now. Thank goodness Mrs OR has stopped me going all in.

I look forward to the AGM.

OR

Myosotis

Do you believe the project is funded? Is SM guaranteed access to $2.5 billion?

I’m curious.

OR

I accept that this is the best deal that was available. No matter how compelling the business case is, it’s those holding the purse strings that call the shots.

OR

I’m looking forward to the AGM. Hope the sun is shining. :)

OR

We all want the mine to be built and I would wager that this is the best that could be achieved in order to ensure that the mine is built. There is no slowing down of the project.

I think it is better to swallow the pill that makes you better than to risk death.

OR

I look forward to buying a few more cheap shares. I think sentiment could drive the price upwards over the next few months.

The mine is much closer now than it was yesterday.

OR

If there is a share offer to existing investors, I think that there will probably be a fairly significant sell-off (and falling sp) so that some shareholders can afford the new offer.

OR

I’m here for the dividends. Being that 5% is a typical dividend and I’d like 10% on my investment I’d need the sp to be 40p to earn a suitable income each year from tax-free dividends.

OR

The 2 code is fairly straightforward signal. It means somebody wanted 2 million shares but could only afford 2.

OR

My guess is that Sirius could have signed a European off-take some time ago - but didn’t need to. So they held out for a better price - until they needed to get it signed.

Maybe the financiers needed to see all of our initial 10mtpa signed up to ensure that the $3 billion debt can be serviced.

OR