Member Info for Tex2374

Scotman, everyone has an agenda on the board.

JR, he is talking about everyone. Not just derampers, their alter egos are just as bad.

Hang on....... maybe you are CF?

Come on CF let us know who you are and let’s have a good old debate. I’m surprised no one has claimed to be him in the last few weeks! Now that would be make for excitement on the board!

It is amusing that he is highlighting the 11 to 10p drop rather than the 10p to 3.5p drop 24 hours afterwards :-)

I assume this is an attempt to divert attention from him having a potentially leaky ship!!

Was the equity raise claim on this forum????

I do like this comment :-) where is that googledoc link?

Mr Fraser, who is carrying out a strategic review of alternative funding options, said that he was “getting inundated with emails with all sorts of crazy ideas about how to finance the project”, including proposals for a retail bond issue.

https://www.thetimes.co.uk/article/shareholder-chat-forums-should-be-shut-down-says-sirius-boss-chris-fraser-qh8q5zrkw

I wonder who he is on here??

Wenglish... potentially you could take the amount you are looking to punt with and split it. Do 50% now and hold onto 50% in case of further share price reduction.

I should have bought again at around 3.5p which was clearly the resistance level last week. I don't think we will dip below that now, unless we see massive selling (but volume has been low the last 2 trading days) or we are sat here on Nov 1st will no news :-) ..

Keep an eye on the short positions!
Don't get caught on a spike!

https://www.theaustralian.com.au/world/the-times/gina-rinehartbacked-sirius-project-axes-300-jobs/news-story/b2f104c986450a687528adf3b71834cb

I think today is the first genuine good news I have seen since I reinvested last month.....

Its clear that there are options available to SXX to secure a future
we are not facing administration.
We know a 'rough' timeline which is hopefully financial options which can be disclosed at the end of October and then an execution timeline to take us into Dec.
They are clearly looking at the issue from a number of different angles and a blank sheet of paper.

Interesting times ahead. I'm feeling a lot better about a decent return on my punt. Tempted to double down now, and not wait... Hmmmm decisions decisions.

GLA

https://www.gazettelive.co.uk/news/teesside-news/sirius-minerals-could-start-mining-17043274

this seems very clear now. Administration is not the plan! He clearly knows what option he is going for, you wouldn't say the below to a major newspaper if you had no idea if you would have a solution by the end of Oct.

The next questions is obviously, what is the effect for shareholders...? Obviously, no idea around that, however, I see this as the most positive news since the crash.

"Confident that such a review could be completed by the end of this month, boss Chris Fraser told The Times newspaper that one option could be to raise a much smaller sum to fund construction of the parts of the mine that the bond markets were most worried about. Fraser, who said that 300 staff had been axed, told the newspaper that saw the strategic review taking around six weeks and there would be around another six months to carry out the resulting plans."

https://www.proactiveinvestors.co.uk/companies/news/904243/sirius-minerals-aims-to-finish-strategic-review-by-end-of-october-904243.html

Don’t worry Appy, even the trolls can’t quote Motley as a credible source!

Never trust a fool. Especially a motley fool. These guys change their mind every day zzzzzzzzzzzz

Fred. A word of warning, when news comes there will be a spike, probably a rather large one. People need to make sure they aren’t caught on it wondering what just happened. If investing on news and a rising share price, make sure the news will support sustained growth in the share, not just initial excitement before the reality of what the news means kicks in.

I’m not quite sure how that would work. I expect the market will react quickly and positively to any news which will add certainty to the funding question(s).

Dilution will re set the price down but increased sentiment will drive it up.

Swings and roundabouts.

The question is how much interest there will be in the share post dilution. If the full funding is secured for the project then it will be big. If there is still potential future funding questions there will be more scepticism, given the track record.

Spot the typo!! Maybe they will have correctly it by the morning.

https://www.google.com/amp/s/www.thescarboroughnews.co.uk/business/growing-support-for-sirius-minerals-as-more-than-600-sign-petition-for-loan-guarantee-1-10034992/amp

Can’t beat Friday night vino! I will stop posting now, apologies for spamming the board tonight!

But TTT what you wrote is compete fiction.