Member Info for PerArduaAdAstra

Lawsy - If you were taking your figures from the top of this page, then you will need to remember that the data shown is delayed by 15 minutes. With that in mind, there wasn’t any ‘real’ spread as such because the market was closed. What you will have seen is simply a collection of orders comprising those that were perhaps left on the order book from a previous day’s trading, some that will have been placed only for the pre-market auction and will be removed upon open, and those that may well come into play once trading commences. During the pre-market auction you will often see bid prices higher than those on the offer, again these are highly unlikely to remain once the market opens, however, they do serve to establish the price upon open.

Regards,

per ardua ad astra

Good morning, Roulette. I don’t know what you mean - as I’ve never conversed with the OP I tried to keep my reply quite measured. I only seek to enlighten and inform after all.

Cheers,

per ardua ad astra

No glitch. Just that the market was closed.

Cheers,

per ardua ad astra

Ah, well... the magic money tree always bears fruit in May. Don’t you know?

Cheers,

per ardua ad astra

I know. Pesky things, facts. For better or worse, they seem to have the remarkable habit of confounding all sorts of misconceptions.

For instance, did you know that to the year ending Jun ‘18 net migration into the U.K. from outside the E.U. was 248,000, whereas E.U. net migration into the U.K. was only 74,000?

Maybe we really should take back control instead of spouting pithy sound bites. At least then we can pick all our fruit & veg ourselves. Wouldn’t that be great?

Oi... mind that strawberry!

per ardua ad astra

Hi, Alan. I know you appreciate Facts!!!™?, so thought you might appreciate the following. Scroll down to broker views:

http://capita.moneyam.com/quote/SXX/Sirius+Minerals+PLC

Cheers,

per ardua ad astra

Speaking of which... don’t you go giving him the dreaded ‘vote of confidence’ — that’s just schoolboy defending!

per ardua ad astra

“The observant investor here may have a different view to that actually PAAA. It has to be identified who has made these trumpeted claims.”
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Hiya, Scotty. Sorry for taking so long to get back to you — busy day. To be fair though, the first claims were initially made by the company when Chris walked through the door and was subsequently introduced to shareholders. I think it would be reasonable to surmise also that Chris himself may have had something of a say in how he would be presented to us too.

“Christopher Neil Fraser (36) has approximately 16 years finance experience in the mining industry. During this time he worked at Citigroup (2000-2009), Rothschild (1998-2000), and KPMG (1995-1998) and has market leading expertise in all aspects of the financing and development of major mining projects. Having joined Citigroup in 2000, he was appointed Head of Metals and Mining Investment Banking for Australia in 2006 and Managing Director in 2008. In these roles he led the bank to become one of the leading investment banking franchises in the mining industry in Australia. In particular he was the lead adviser on the US$2.5 billion initial development capital financing for Fortescue Metals Group (FMG). He has provided strategic advice to many of the world's leading mining companies including BHP Billiton, Rio Tinto, WMC Resources, and Paladin Energy.”

http://otp.investis.com/clients/uk/sirius_minerals/rns/regulatory-story.aspx?newsid=293912&cid=485

Now I’d say that’s - perhaps, understandably - a pretty ringing endorsement, isn’t it? And “market leading expertise” must surely come into the ‘trumpeted’ category too, no? So if any group or individual can be charged with building the hopes and expectations of shareholders, I think it only reasonable to suggest that both Chris, and Sirius, accept their share of responsibility for that too.

Cheers,

per ardua ad astra

He’s got every right to hold Chris’s toes to the fire if he’s disappointed if you ask me. He’s a shareholder and entitled to a view. If you reread you will see that there aren’t any complaints regarding progress on the ground (against any measure it is remarkable), rather it is the execution of Chris’s much trumpeted fund raising skills that lead to and sense of dissatisfaction. Because whilst many people will have made a lot of money out of Sirius over the years (traders, bankers, brokers and ex-employees), traditional shareholders who have simply bought and held will come very far down on that list.

Cheers,

per ardua ad astra

I’ve got a theory, John. Market makers don’t generally engage in “games to hoover up more cheap shares”. Of course is not unheard of that some might engage in dubious tactics in order to generate activity/volatility (they make their coin on the spread in every transaction after all), however, they have a different mindset to us in that they are not relentless acquirers of stock in order to buy low and sell high. They are there to provide liquidity only, and it seems somewhat counterproductive to try and do that by holding stock.

The seemingly unexplained fluctuations in price you frequently observe are highly likely to be caused by alpha generation quant strategies that use algos in order to generate consistent returns. If you look at L2 closely, you will see that it is not a traditional brokerage (SCAP, WINS, BARC etc.) that is the ax, rather the book is invariably ‘controlled’ (and manipulated) by other users with DMA (Hedge funds, banks etc.).

Regards,

per ardua ad astra

“Anyway good luck. And yes those not in who might read these boards might be interested in current short selling.”
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They may like to know the primary reason for it too, Franko. Do you?

per ardua ad astra

Alan, I really don’t wish to come across as impatient, however, I am pretty clear how short selling works - and the mechanisms that are in place to facilitate it. After all, I do trade long and short myself.

What you stated, however, was (and I quote): “Their should be a law agai st them loaning Yours and mine shares without our permission”. And I stand by my assertion that the shares held by the likes of you and I in nominee accounts are not loaned out for short selling purposes without our permission - implicit or otherwise. This is for two reasons. Firstly, the vast majority of online brokers - as a matter of practice - do not lend stock held in their nominee accounts. For an example and evidence of this, read the following from Hargreaves Lansdown T&Cs:

“Stock you hold with us is held in the name of or to the order of Hargreaves Lansdown Nominees Limited, or by an approved third party custodian. Hargreaves Lansdown Nominees Limited is a non-trading company so it cannot run up liabilities of its own and Hargreaves Lansdown accepts full liability for any default by our nominee company. We maintain detailed records of all your investments and assets for which you will at all times remain the beneficial owner. We do not lend stock held in our HL or PMS service.”

http://www.hl.co.uk/security-centre/how-safe-is-your-investment

And secondly, if your broker is one of the tiny minority that does lend stock, it will be in the T&Cs you signed up to when you opened your account. Ergo they have your permission. Didn’t read the small print? More fool you.

Cheers,

per ardua ad astra

“Their should be a law agai st them loaning Yours and mine shares without our permission“
——-
There is, and they don’t, Alan.

Cheers,

per ardua ad astra

Alright, Scotchman. Wind it in. If comrade corbin and Dian Abbott get in you’ll be laughing on the other side of your face!!! Especially if a meteor strikes to!!

Did I mention that I’ve been holding since before 5p days?

per ardua ad astra

Lol, that’s brilliant, chem. And now we know the real reason a European TorP is taking its time being finalised — all those Lithuanians, Serbs, Czechs etc., are no doubt clamouring for the stuff. Can we keep up with demand? Hope so because we may well be in line to bag our biggest TorP yet!

Good work, fella.

per ardua ad astra

De void is getting deeper, deeper by the day. Tell the Fordon we’re on our way.

per ardua ad astra

We do intend to move limited initial amounts by truck as provided for in our planning permission. There’s something of a constraint however, in that Woodsmith is in an, er... national park.

Strange you weren’t aware.

per ardua ad astra

Spot on, Cranleigh. It does seem somewhat peculiar that the market is seemingly only forward looking when it comes to worse case scenarios.

Regards,

per ardua ad astra

Pussies alive and well from what I’ve been seeing!

Cheers,

per ardua ad astra

“Tell you what if I was an investor who was beginning to doubt - they are all out today - and I recon some will sell today on the back of some of these posts”
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Precisely, Fred. And that is exactly what arouses my contempt. Not because I think any selling caused by anything written here will have a significant effect on the company or share price, rather because there is every chance that nervy PIs could very easily be spooked out of their holding only to then see it move away from them.

Supposed PIs can be other amateur investors worst enemies at times - is it any wonder then that the professionals lack any scruples when it comes to fleecing the retail side?

Best wishes,

per ardua ad astra