Member Info for PerArduaAdAstra

Isn’t the table there to feed the birds, though?

per ardua ad astra

Indeed, GheeBhee. By quoting such though, of course you will have noted: “or other services” and “or other transport facilities”.

Clearly the finer details are unknown to us at present, however, do you think this might include something along the lines of the RBT redevelopment, perhaps?

Just askin’...

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He says. Whilst getting a dig in. Lol.

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“this would reflect falling risk of the project and allow the government to guarantee more”
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Good morning, sxx4me. Whilst I think you’ve done a commendable job breaking down and summarising this morning’s RNS, the sad fact is, it would appear the govt. a rowing back a little on their perceived commitment to the financial side of this project because the announcement clearly states: “this structure is designed to reduce both the risk and the quantum of any IPA guaranteed bond tranche”.

As such, I think it is fair to conclude that - despite Robert Goodwill’s sterling attempts otherwise - this govt. will not be doing much more than the bare minimum. We can rest assured they will milk their involvement to the maximum however - I am sure.

Cheers,

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Hiya, Scotty. The vid certainly doesn’t seem any longer as I remember it. And whilst the “win win” quote is not immediately recalled, the “we look forward to partnering not only with retailers, but, also with farmers” that immediately follows was certainly included in the original version if indeed, this is not it.

Cheers,

per ardua ad astra

“Just curious because you certainly have a lot to say & by the way i am not judging anybody who has a thousand shares or someone lucky enough to have a million all i am suggesting is you are not really qualified to comment so much all the time“
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Erm... it says ‘share chat’ above. And despite your protestations to the contrary, your judgement (sorry, that’s what it is) is more than a little implicit and quite apparent for all to see. Otherwise, why bring the amount of shares that Jimmy holds into the discussion at all? Now, you may feel that some of jimmy’s contributions are rather pointless, facile or unnecessary - a view perhaps held by some others too - so why not just pull him up on the content of them and leave it at that? You’re quite entitled to the view that someone is offering little to the debate — and you’ve every right to tell them that too, however, like it or lump it, you’re certainly not ‘qualified’ to say who can or cannot post, or how frequently they may do so. Everyone has a ‘right’ to post here because that’s the way it works. And of course whilst some people’s efforts will undoubtedly prove more useful and so will be more welcomed, the amount of shares held by any individual is no prerequisite for contributions and, if many of the comments we do read here are any yardstick, the size of one’s holding is most definitely not proportional to the skills, views or opinions they are able - or inclined - to offer.

Nothing personal. I promise.

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“Some of us are desperate for news to the point they start making a stories behind it and actually believe in it.”
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Supplant news for ‘a meaning to life’ and that sounds like the genesis of a religion.

per ardua ad astra

Good work, sheff. Many thanks - quick on the ball, it’s good to have you on the team. Can’t play up front too, can you? I know a team desperate for a striker!

Hope you’re well.

per ardua ad astra

Sounds reasonable, Roulette. An update confirming Lettters are in with only the finer points to be completed would go down well, I’m sure. My only issue would be that when the update does come, it focuses entirely on operational developments (as commendable as they may be) whilst at the same time kicking the financing can yet further down the road. No doubt more than a few of us will be pressing the company for answers should that be the case.

Regards,

per ardua ad astra

“I suspect that Christmas may be the lesser of all the evils to do this?”
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Good morning, Myo. I sincerely hope a Christmas jaunt with the kids to visit grandparents is not the reason behind an extremely well remunerated CEO not being able to proceed with business at hand!

Regards,

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I shouldn’t have thought so, Vin.

The fact is that, until the company secures the long waited for finance that is required to actually get this mine built, Sirius will remain a speculative share. Along with those of us who believe in the long term potential of Sirius, as a speculative share we will always attract a certain amount of ‘punters’ too — and even some punters are cautious or astute enough to be holding some cash at close tonight.

It strikes me that a good part of any selling today will be by those who consider it wise not to take too many chances all the while uncertainty reigns — both here, and at Westminster.

Regards,

per ardua ad astra

Morning, chilling.

My understanding is that - after dipping into Gina’s wallet - we’re now currently funded until the end of Q2.

Cheers,

per ardua ad astra

Apart from that it’s not HY2 ‘18, you mean?

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And a good evening to you too, Mr.dt. I am well, thank you. I hope you are also and your new endeavour is keeping you satisfyingly occupied.

My current feelings toward ST2? Well... whilst I still have very little doubt that the funds we require will undoubtedly prove forthcoming, I would be a liar if I wasn’t to say I find the delay in news not only somewhat disappointing, but, also somewhat discomfiting. Of course any hypotheses or views expressed here can only be a matter of conjecture, yet I cannot help but entertain the thought that we are not finding things as easy as we might have wished. The trouble is there are just so many variables to consider — so much so that, without being privy to inside information, we could end up tying ourselves in knots or tumbling down a rabbit hole considering all the possible outcomes and how we might go about achieving them. Depending on their perspective or agenda, one might equally argue the delay is being caused by finding it hard going or, that ST2 is in the bag and it is only a matter of Chris ensuring it comes at the lowest possible cost to shareholders (notably including himself).

It is at times like this that we weigh up the odds, have faith in our research and we roll the dice knowing we have done all we can do. Having an appreciation for the calibre and experience of our executive makes the wait undoubtedly easier, but with the undeniable potential for both macro and micro headwinds, shareholders who hold their nerve now will undoubtedly have ‘earned’ their just rewards when they come.

As for how long I’ve been invested, sheesh... it’s hardly credible that my first purchase was in April ‘09. Of course there’s been more than a few buys and sells along the way, however, I’m holding as many shares now as I ever have done. Let us hope then, that I shall be suitably rewarded for my resolve!

Regards,

per ardua ad astra

Lucky you, Alan. Quarter to two? Must be mojito’clock. Enjoy!

per ardua ad astra

“Have you been drinking ?”
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He says. Two and a half hours after the subject of the accusation has written “beer time”. Lol, Clouseau‘s got nothing on you eh, Alan?

Cheers,

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Good evening, taufour. I’m not sure how familiar you are with the order book or a Level 2 screen, however, as is generally the case with such things, on this occasion I can assure you that there is no substance to the conspiracy theory. If you’ve not seen a L2 screen before, and if anything I should say seems a little obscure, perhaps you might find it helpful to view an example of a L2 screen by clicking ‘Live Data’ above and viewing the demo.

As you will probably know, the order book consists of two columns — the ‘bid’ and the ‘offer’ (or ‘ask’ if you prefer), and the price you see above (or anywhere else, for that matter) is simply the two with the tightest spread, and they top the columns (ranked secondarily to price by the time they were entered onto the book). The reason ‘A’ trades are always at the extreme of the spread is quite simply because they are ‘A’utomatically matched by the SETS system and not ‘quote’ driven. ‘O’ trades on the other hand are met by a M.M. or broker and in order to win business they will quote a competitive price within the spread. Your broker, be it HL, Barc, or another will then present you with the most favourable price that they have been offered - this is why (particularly when volumes are low) you will invariably see ‘O’ trades going through near the midpoint in the spread as the M.M.’s compete for business.

Notwithstanding the fact that there are various nefarious practices and Machiavellian tactics brokers or financial professionals can - and do - employ in order to stiff the retail side of this business, on this occasion that is not the case. On the contrary, because ‘A’ trades are met by LSE’s own SETS system there is a certain amount of integrity and transparency to them. Of course algorithms and HFT are ways ‘game’ the system, but, in their own own right and because they lack the sometimes dubious input of a middleman, there is nothing overly sinister about ‘A’ trades at all.

Hope this helps.

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Hi, John. The ‘A’ in A trade is an abbreviation for automatic — as in one that is matched by the SETS system directly from the order book. Algorithmic trades will always be ‘A’ trades because the relevant program sends them straight to the order book before they are then matched by SETS. However, ‘A’ trades will not necessarily be algorithmic in origin. For instance, if I were to place a buy order directly on the order book using DMA, and the system then matched it with another order on the book that was someone looking to sell at the same price, then the bargain will take place, AND show the ‘A’ trade denomination. This is why ‘A’ trades are always a buy AND a sell, whereas ‘O’ trades are considered one or the other because the counterparty to the deal will be a broker or M.M. and they are considered a part of the system rather than a buyer or seller per se.

Regards,

per ardua ad astra

“I suppose it highlights the risk of investing and to go from c30p to 1p in a relative blink of an eye is a sickener.”
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Dunno what you mean? Are these not the sunlit uplands? Plummeting share prices and job losses are little more project fear. So I’m told.

per ardua ad astra

No need for any confusion, LacrosseNut. The market hadn’t yet opened when you saw those prices. Until the markets open, they were merely the indicative of the range of prices on the order book at that time (probably carried over as previous orders). As you now know, they have no bearing on the opening price as they will have been replaced by more realistic orders immediately prior and as the market opened. Think of them as little more than the first opening salvo in any auction process (such as houses or cars), which, as you will undoubtedly know, has very little impact on the price eventually achieved.

Regards,

per ardua ad astra