Member Info for PerArduaAdAstra

Good morning, alfNdor. Beware the grass isn’t always greener. I’ve had a number of accounts with a variety of providers over the years, indeed, I still maintain accounts with three different providers for separate reasons. However, imho, IG provide - by some considerable measure - the best platform available. I do have the facility to link separate accounts (cfd, share, isa etc.) which is obviously a benefit, but, for me, no other platform comes close for functionality, data, charting and selection of markets. I understand that a custody fee can be a frustration (and many providers have introduced these in recent years), however, in IG’s case this can be waived if you only trade times across any and all of your accounts during the quarter or if you have an account value worth £15,000 or more across your IG Smart Portfolio.

Obviously I don’t know your level of experience, but, it works well for me because trading once a month is not an issue even if I didn’t qualify by account value. I certainly wouldn’t encourage you - or anyone for that matter - to consider sophisticated financial instruments that aren’t appropriate, however, with a CFD or SB account, a quick in and out on an index or rising share could help one meet the required criteria.

Good luck.

per ardua ad astra

Ah... Tinder wi’ da kinder lost some of the Yuletide bling eh, Scotty? I hope they were all sans pyjamas though.

Christmas was a a quiet affair for me this year, mostly spent with family. And certainly no less enjoyable for it. I trust yours was equally enjoyable. Plenty to look forward to this year with the good ship Sirius (finally!). Let’s hope our very own Father Chris-mas is particularly benevolent — some of us have been ever-so good! Lol.

Cheers,

per ardua ad astra

Can anyone explain to me how there can be a ‘spread’ (particularly when shown above) when the market isn’t yet open?

Cheers,

per ardua ad astra

Hiya, GK. I’m glad you picked up the thread. I hope the “I didn’t come here to read...” crowd appreciate your comprehensive and knowledgeable response.

Cheers,

per ardua ad astra

“Is this the primary driver for the cost increase and do you believe that this will impact on timescales for delivery of first product?”
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Good evening, Sageman. I trust that you’ll forgive the interjection, however, anyone who’s been paying even the remotest attention should be able to confirm for you that this is the primary cause of the capital increase — well, as far as the company are telling us anyway. See 06th Sept. RNS: “The signing of the contracts for the remaining tunnel drives and the materials handling facility at Wilton are significant steps forward for the business with almost all procurement now complete. The expected increased funding requirement coming from this process reflects an optimisation of the MTS tunnel design and a significantly improved risk allocation for Sirius to support the senior debt financing”.

Of course only GK can give his view on how this may affect timescales, fwliw though, I’d suggest that the tunnelling process - whilst undoubtedly technically demanding - will lag the shaft sinking itself when it comes to potentially causing problems that may impact timescales. And whilst the tunnel and the main shaft sink were initially slated to complete in tandem, the tunnel *should* be relatively straightforward in that it will employ well established technology through consistent strata, whereas the shaft sinking will see us intersect a variety of geological formations whilst employing an SBR for the first time ever in the U.K. and to a depth previously unattempted. And that’s without any trouble from the aquifers!

Cheers,

per ardua ad astra

Best get your hands up now, Tigg. Before Roulette shortens your odds.

Cheers,

per ardua ad astr

There isn’t a true bid or an ask before opening because, well, the market isn’t open. Only a series of real (and often fake/ghost orders) that might be crossed and matched up in the pre market auction or, as is the often the case with the fakes, removed from the order book when the market does actually open. Unless you have access to DMA you need pay little attention to it because there is little you will be able to read into it that is of relevance. All that matters is the price on open and where things go from there.

per ardua ad astra

“Many thanks I stand corrected and hold my hands up !!!”
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Lol. Now the hard part is sorted, we move on to German hegemony, Tory exceptionalism and transgender rights.

per ardua ad astra

Good morning and Merry Christmas, Aubery.

Whilst the market is closed, and we can enjoy the festivities ourselves, we can also rest assured that whilst administrative staff will hopefully be having a good time too, at Woodsmith construction will be continuing at speed. Apart from a few mince pies with their tea and coffee, workers at the minesite won’t be distracted by what is going on elsewhere. Besides it wouldn’t surprise me in the least if a senior figure will be around at some point. If not dealing with something in particular, quite possibly doling out those aforementioned mince pies.

I hope you have a cool Yule yourself, though.

per ardua ad astra

“If sxx wasn't so leaky I would say that only top tier management would be familiar with the progress of st2. At least that's how it should be in a well run company.”
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Good morning and seasons greetings, avocet.

I would suggest that you are entirely correct, and it is only senior management who are fully aware of the ST2 discussions. Of course those discussions will be held with an array of businesses, organisations and financial institutions, and it is more than likely that it is via any one of those that information can find its way out of negotiations.

Like it or not, there is only one party involved in discussions for whom any leak will have a detrimental effect on how it is perceived - and subsequently valued - therefore it is in their interest to run as tight a ship as possible. Naturally such restraints - despite being desirable by Sirius - may not have such importance with other parties to the discussions, and for whom the ability to act upon what should be confidential information could prove quite advantageous.

Of course, ultimately, I don’t know any more than anyone else does as we are only speculating, however, when we don’t know something for certain, as is the case here, why not give the company we are invested in the benefit of the doubt and accentuate the positive rather than negative?

Regards,

per ardua ad astra

I do get your point, however, plenty has changed if you’ve invested in a business destined to last, rather than a share price that’s transient.

For a board habituated by so many who say they are here for the here long term, there’s a heck of a focus on daily price movements, imo. And that’s fine, but, if you really are here long term, give yourselves a break and keep your eyes on the prize.

Cheers,

per ardua ad astra

Hardly surprising really, Roulette. From burning books to an unfree press, vested interests and narrow minded little bigots will often resort to censoring that with which they don’t agree or find awkward and inconvenient. And rather unfortunately there’s more than a couple of narrow minded little bigots who pop in here from time to time to excercise some spurious form of control that could be lacking elsewhere in their lives. Perhaps that’s something with which we might find concord?

Cheers,

per ardua ad astra

“What’s the chances of a wapping great Xmas RNS?”
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Whilst much of our news has been relayed from Wapping since the mid eighties, I’m pretty sure LSE’s Regulatory News Service isn’t.

Cheers,

per ardua ad astra

Gosh... there seems to be a few sensitive and reactionary souls here. I was only hoping to make the point that we cannot really take for granted anything our government does. Still, hopefully the touched nerves are because a few feel some responsibility/accountability for the lamentable position our country currently finds itself in.

Roulette - I trust that you will actually know the difference between the army rolling out the ‘green goddesses’ to provide supplementary fire cover against the possibility of troops on the streets there to keep the peace, but, it just didn’t tally with the point you were hoping to make.

Oura - I’m not ‘stoking’ any fires whatsoever. Perhaps you are unaware that in a “testy” three hour meeting, the Cabinet met yesterday to discuss where this country currently finds itself. That included discussions on redeploying troops from ‘Operation Temperer’ (the plan to provide soldiers to help police following acts of terrorism) and that they are “focusing on how the military could help the police keep public order and on how medicines would be delivered to hospitals.” Just in case it’s slipped your notice, this is not because of any hostile act by an aggressive foreign power, but, a situation entirely of our own making. If the nuances of that escape you, and from me the tone of your response, I am hardly surprised.

per ardua ad astra

http://www.thetimes.co.uk/article/operation-no-deal-army-plans-for-troops-on-street-cc5c55kq8

“There is no way on earth the government wouldn't support this project”
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Just a few short years ago you’d have said ‘there is no way on earth the government would be stockpiling food and medicines and putting troops on the streets in peacetime’ too, but, there you go. Go figure.

per ardua ad astra

“I read a few years back that Sirius set up sites then sell on.”
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Lol. ‘Roll up, roll up... getcha own parcel of Kimberley scrub. Or, if that’s not your thing take a stake in a chunk of Dakota where the potash is queuing up at the border to get in.’

Cheers,

per ardua ad astra

“this is the real world where you only get what you deserve,not what you wish for“
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How about what you are promised? Or at the very least, what you are led to believe in?

I’m not sure how long you’ve been a Sirius shareholder so perhaps am not aware of the full extent of your knowledge, however, and regardless of his repeated demonstrations of exemplary competence in other areas, Chris Fraser joined Sirius amid much fanfare surrounding his background and experience in finance. His ability to raise significant funds for ambitious mining ventures - a la Fortescue - was pitched to shareholders/investors as his USP. Something that will be the making of Sirius. Of course market conditions may proven somewhat trickier than anticipated, but, that is not to say that some shareholders might not feel disappointed as to how events have unfolded, about where the share price is today, and what they see as an ongoing delay to ST2. And if they should choose to express that, I certainly wouldn’t condemn them. As shareholders that is their right. And the way I see it, if a few more shareholders were rather more diligent when it comes to holding the executive to account, perhaps then we might witness rather fewer examples of corporate misfeasance - and its attendant consequences - than we do today.

Cheers,

per ardua ad astra

I’m just astonished that you are transacting £648,108.00 in share trades, yet somewhat inexplicably not seeking professional tax advice. Go figure.

per ardua ad astra

Yep, can’t complain when the ‘opposition’ are working to get the message out there — and at the same time, saving us time, effort and money on the marketing front. Having said that, we do have our own history with CRU and there’s every chance we’ll be in attendance again also. Here’s a snippet of some insight CRU provided earlier this year:

http://www.crugroup.com/knowledge-and-insights/spotlights/2018/will-polyhalite-disrupt-the-fertilizer-industry/

Cheers,

per ardua ad astra

Hiya, Jonesy. No need to worry, the reshuffle is quarterly (Mar, Jun, Sept. & Dec) and was only done last week. Despite the pressure on our share price, we are currently sitting quite comfortably within the 250 with a MCap of ~£1bn. Automatic entry level is a valuation circa £700mn, so no need to too concerned about our position. Hopefully with successful ST2 news announced before March, we’ll see any such concerns for our standing consigned to the history books.

Regards,

per ardua ad astra