Member Info for Tex2374

Will we see a FOMO effect kick in as we approach close?

Could be a traders dream for the next few weeks, then again, lockout could be imminent!

Bought at 3.0av and sold earlier at 3.96, will be back in again at some point soon, hopefully I haven't missed the boat to get in and stay in a little longer to benefit from the rise when funding is secured.

GLA LTH enjoy your blue day...

Tex

gosh, this thing is going up faster than it went down :-)

Good luck to short term holders! (no one ever wishes us good luck!)

Seems to be a good volume though.

Actually there are chances and luckily they are nicely explored here.

https://contrarianinvestor.net/posts/2019/9/29/sirius-minerals-continues-to-fall-as-financing-worries-grow

Tex, grow up

... recommended your post :-)

Sam. I generally find that credibility is lost when your only form of defence is to boast about ££££.

Best stick with your convictions as to why you believe what you wrote and use that as a basis of your response.

Just my view.

Of course the downside is that if everyone just read this there wouldn’t be any fanciful evening debates on alternative rescue packages ??

It is going to be fascinating week ahead.
Maybe Sxx will break radio silence and potentially create a spike?
Will more investors get cold feet and we see further deterioration of the share price ?
Is sub 3p a good entry point for a continued new wave of investors?

Plenty more twists and turns on this one. Currently, I am feeling positive, that may change by the morning (8am) when the Woodford has worn off.

Great summary of the situation and potential options, thanks for sharing. Should be Sunday night reading for everyone.
Tex

Well, hopefully save the company without diluting it to oblivion . If they do they are worth every penny and some more.

Deos. I suggested that maybe you shouldn’t be buying shares based on your £500,000 losses to date on 5 shares. It’s none of my business, but equally (irrespective of your financial situation) a reasonable comment.

I will also be adding this week, Let’s see if this one works out for us. I hope I can get sub 3p and then see a recovery to 5p st which point I will start taking profit or potentially invest more based on positive news around a viable rescue package.

Good luck.

I’m not accepting defeat. I have invested because there is a chance, at these rates, I can make a nice return, or I could lose everything. It’s a pragmatic investment.

But I am sorry, the naivety on this board about raising funds from PIs, calling IR hoping to glean some info that no one else knows about, and all the other stuff suggested, is beyond belief.

Let’s sit back, wait and see what happens and accept that there is nothing any PI can do to influence how this will turn out. As frustrating as it sounds, that is the reality and part and parcel of investing. If you can’t accept that then maybe these sort of investments aren’t for you.

DYOR, place your bets, wait and see if you win. Don’t think you can influence the course of a share.

If someone is able to copy and paste the Times articles that would be much appreciated.

Tex.

Dog on a bike sounds more interesting and plausible than a PI suddenly sitting on the BoD after we raise hundreds of millions from PIs.

JR I’m invested in this share @ 3p and I will probably put more in next week . I am just pragmatic and realistic.

Again, how many people signed the free petition????

Touché! Point taken.

But do you honestly think in 12 months time we will be celebrating the fact that Sxx was saved by a private investor fund????

Deos shows his true colours.
I liked the £500k lost on 5 shares story.

In that case get out quick because If your only hope of a rescue package is funding this from the public then it’s game over.

Im not trying to be a dick here, but this option is never going to be viable. We didn’t even get 10k people to sign a free petition. SXX are aware of this and have said it’s not an option (can’t remember who talked to IR about it).

Don’t disagree, but £4m from no public is going to achieve what exactly?

It’s a serious suggestion but even Sxx have said it won’t work.

Get a grip guys. Let the professionals work it out in the review.

Hahaha Saturday night humour. Very good!