Member Info for skier1

Dude, I've been here since 40p!

It is now 2-3p!

Been calling this down for over a year. Even received a d*ath threat for it!

There is more downside to come here. SXX is running out of cash and time, just as the world slides into recession. This may not bottom until 0.1p or zero.

Lol, SXX is just stumbling from one self-inflicted failure to another!

Tunnel design got messed up, funding is screwed up, government begging was laughed at, CEO wants to delist, go private, delayed and late "strategic review"...

This share is a disaster.

Pretty bad results today. Steel, coal and iron ore production down sharply. The bear-trend continues.

Must be time for another "pump and place" here!

The prof needs to whip out his thesaurus and cook up another exciting RNS about "gold veins" and "deposits", so he can smash investors for another 200k. After all, Xmas is a time for giving ;-)

Tunnel delays, funding delays, and, now, an RNS delay! Not to mention the possible delisting or mega-placing. The problems keep piling up here. Very bad news for share momentum.

SXX is in the sxxx!

Any delay (or hint of delay) on funding here in November will send SXX shares crashing!

A December election is very dangerous for the Tories.

Their core voters are old (over 45yo), and they won't want to walk or drive to the voting station in the dark, cold, windy, rainy, snowy, icy, dangerous weather of winter. The Tories could see a very low turnout. Meanwhile, Farage and the Brexit Party may split the Tory vote further. And Labour's army of naive students will be more energized than ever to vote.

The old may under-vote, the young could over-vote, and Farage delivers the Tory knockout blow.

All of which leaves the door wide-open for a Labor-LibDem-SNP coalition... followed by mega taxes, home thefts, and two more Scottish and EU referendums delivering a further decade of economic, financial and political chaos.

Corbyn in No.10 would see Lloyds at 20p in a flash.

Very tense few weeks ahead...

Every little tickup in the shareprice here is being met with a rapid wave of sellers. A very bearish sign.

A lot of similarities here with British Leyland.

Everyone on strike. A bumbling giant being crushed by better-organized foreign rivals (like Amazon).

The charts here are now very bearish. Any close below 200p here before Xmas will be a signal to head for under £1 (and less than the price of a 1st class stamp!).

Actually, Trump's trade policy is very clever.

The US is re-balancing the (very) unfair trade deals.

For decades, it has been a one-way street from West to East.

A Chinese firm (until recently) could pretty much pile into the US market at will, access cheap US finance, buy almost any US firm, sell almost any Chinese product to all US consumers.

By contrast, US firms entering China typically are forced to partner with a local Chinese firm, give their partners free access to US intellectual property, partners avoid almost all international IPR payments, face huge tariffs on imported components or parts, and face heavy restrictions on capital (cash) withdrawal once you're done.

Trump has totally done the right thing. He is re-balancing West-to-East trade. In strategic terms, a smart guy. He gets the "big picture".

As predicted, SXX is back in the 1-2p range. Today's "triple dip" close into the 2s is a bearish sign. SXX has plunged -15% in a week, since the delisting CEO blunder. The charts are pointing to the 1s as a next stop. Any whiff of more bad news here (like funding, tunnel or Brexit problems) and SXX will slide quickly under a penny.

EU is internal free trade, but un-free trade with the other ~87% of countries in the rest of the world outside the EU bubble. Try importing a car-part from the US -- costs an absolute fortune in extra taxes and tariffs.

EU is also un-free politics, where heavy bureaucratic dictats from "old Europe" clamp economic freedom and innovation. Just try getting rid of lazy or unprofitable employees in Germany -- costs an absolute fortune.

The myth of EUtopia is smashed when you look at GDP per-head and net-wealth per-head. Almost all the Western countries "outside" the EU are richer than those "inside" it. US, Switzerland, etc.

It is not a "no deal".

It is a "WTO yes deal".

The biggest threat is that the Brexit Party splits the UK Tory vote, leaving Boris without a clear Westminster majority, and opening the door for a Labour-LibDem-SNP coalition government. That is a very real prospect. Really, Farage should step aside, and let Boris have a clear run.

A "commie Corbyn" government would destroy Britain. A 70% tax rate, forced repossession of 2nd homes, trillions of debt to buy votes, and so on. Genuinely, a very scary old man.

EVR is currently testing the 375p support line. If it breaks through and dips under 350p on a close before Xmas, that will be a very bearish sign. The next trend-trigger will be the Q3 2019 results in a few days. If they are bad or neutral, the downtrend will accelerate.

Nobody in their right mind is going to pile $5 billion into a one-trick mining project just before the world slumps into economic recession!

The best that can be hoped for is something like:
1. Placing of a huge 1 trillion shares at 0.1p.
2. Giant debt borrowed from banks, vulture funds, or death-spiral financers at whopping 10-20% interest rates.
3. Selloff under 1p in a distress sale to a big miner taking a 20-year punt on potash.

You're looking here at the 3 Ds... dilution, debt, or death.

To be fair, it's been clear since 40p that SXX is in trouble (see previous posts in 2018). The crazy tunnel and funding have always made this a stock for dreamers. A final takeout price or equity raise here could be around 0.1p.

It is true, bro.

Relegated to the FTSE Small Caps, and the prospect of mega funding for a mega tunnel by a tiny company are "pure fantasy".

Which is pretty much what several folks have been saying here for over a year.

A good read:

https://www.proact*veinvestors.co.uk/companies/amp/news/905467

It is not just that SXX needs cash... It is that the forecasts for needed cash keep on going up and up and up! And the timelines to delivery and profit keep getting longer and longer! And the world is barreling toward recession! And the price of potash is falling! And the UK stockmarket is declining! And UK equity financing is dying! And the CEO keeps putting his foot in his gob!

The list goes on!

Well, well, well... Yet another prediction proven right!

As predicted, this is plunging into the 1-2p range.

Any close in the 2s will signal a push for the 1s.

And any whiff of a placing for (say) 1 trillion shares at 0.1p will send SXX even lower!

One thing many investors have (badly) overlooked here is that the London stockmarket is dying. Liquidity and funding and enthusiasm are drying up. Hundreds of UK firms are being sold off abroad on the cheap. The UK is going post-stockmarket.

Hence, the chances of SXX raising credible funds are getting thinner by the week.

I've been (correctly) calling this down for over a year, since 40p. SXX has further to fall. The pain aint over yet.