Member Info for Tex2374

.. a lot of lateral thinking going on this morning.

Jacksdad, where are you seeing the shorts closing? I haven't seen it come through on my tracker, Citadel and HBK being the largest two would be a positive sign. thanks

looks like 4p could be tested today, on the plus side it may encourage people to get reduce their short positions! every cloud and all that.

The issue is LSE have a ****e platform and need to invest some money in it.

Maybe we should start a petition :-)

I am yet to read any argument or scenario on how dilution will be avoided as part of the rescue package. PIs are always the ones who get hit in these situations.

Interested to hear views on dilution.

I think it is very unlikely that Gina will go in for more, as does CF. I am sure they have been in regular contact. There are other more relevant strategic partners.

“Mr Fraser said Han**** Prospecting, the mining company of Australian billionaire Gina Rinehart that has invested in the project, was unlikely to increase its exposure.” Financial Times last week.

Is this +30% on top of the +50% you forecasted last week?? :-)

What is your basis of the share price returning to teens based on rumour?

What’s the profile of the rescue packet that you see that would do this and negate any initial dilution of the share price before the gains?

Do you honestly believe that what happened last week has had zero effect on the share’s future? Someone will come on board as a strategic partner for free???? I could be totally wrong but I don’t see it. A new partner comes on board, the pie gets cut up again and the PIs get left with the final piece.

The share will increase from here if the deal makes sense and we don’t give half the company away, but let’s be realistic about the probable short/medium gains.

Ok minor change in the grand scheme. Let’s see if it continues this week. There are a lot more larger short positions and at least one increased last week.

https://shorttracker.co.uk/company/GB00B0DG3H29/

Inc Evie’s = I checked. Fat fingers!

Last time inc Evie’s the short position was 6,5% down from 7.4%. Has it reduced further?

So context this is still a big position. It puts Sxx in the top 20 shorted shares still and as a comparative TCG was up at just over 10%.

If a good reduction to 6.5% but still a long way to go. Hopefully someone will now tell me it’s below 5% :-)

Clearly CF is acknowledging what has been in the press all last week. That people have over invested in the share, put their eggs in one basket, become emotionally attached to the share (unable to take a step back and an objective view), and been caught up in the over positive ‘next year we will be millionaires’ hype that goes on on all share boards, like this one. For many they preferred to listen to faceless unqualified people who write in an informed way, rather than reading the clear warning signs published for the majority of this year. It’s easy to do, I have done it myself and paid the price.

He now feels semi accountable for this.

He is also flagging it now for a simple reason, if they take on a new strategic partner then there will be more share dilution (something I have seen minimal discussion on here). It will go down before it goes up. Will it go up? Yes, I think it will as the project won’t fail, but this is no longer a 20-40p+ share this is a 5-10p share IMO for the foreseeable future based on securing a Strategic partner for the shaft completion, plus moving to production. Sirius are hardly in a position of power to demand how the pie is cut up and the people always hurt in this situation are the PIs. They have a reasonable short space of time to get on board with a new strategic partner and I would imagine they have had some ludicrous offers of what companies want in return for their partnership. My view CF is apologising in advance of what is naturally going to come.

Hopefully we will see a bit of a rise into 5p prior to the strategic partner announcement so that LTH can decide if they want to stay or go.

What’s clear is that the future of this share is no longer the same as it was 1 week ago. It will be successful and go above 4.3p but it will not return to 10p and then re-rate from there as if nothing happened!

Please DYOR, take financial advice from someone qualified to give it and don’t rely on what you read on boards!

All IMO.

Based on what rescue package are we going to 9p in two weeks? Let’s try and be realistic here.

Huge volume today
1% reduction in short position.
Lowest share price close this week.
Not checked what the IIs have been up to.

Monday 8am is going to be interesting!

Hopefully it starts to gain pace now. I think it was under 4K last time I checked!!!

good sign. let's see what the share price does into close....

nice run on the daily increases!
open high low vol inc%
Sep 20, 2019 1,187.40 1,165.20 1,199.40 1,165.20 633.12K 0.71%
Sep 19, 2019 1,179.00 1,169.60 1,215.40 1,164.86 1.44M 0.49%
Sep 18, 2019 1,173.20 1,147.40 1,183.60 1,127.00 1.81M 0.77%
Sep 17, 2019 1,164.20 1,138.80 1,168.40 1,136.80 1.66M 1.45%
Sep 16, 2019 1,147.60 1,119.40 1,155.20 1,114.60 2.43M 1.83%
Sep 13, 2019 1,127.00 1,126.00 1,138.16 1,115.92 1.52M 0.45%
Sep 12, 2019 1,122.00 1,138.40 1,141.40 1,099.00 1.91M 0.34%

I agree, something is going to happen here and the share value is currently way under valued. Potential strategic review outcomes :
- shift of model to a more SaaS based approach
- sale of non-strategic assets (same as was done for Suse)
- potential sale?
- further acquisition (probably unlikely)

I am sure I read an article where it stated that based on maintenance revenue alone the company was worth £13 a share (will try and find the link).

clearly there is upside here, good news from the strategic review and a solid final qtr and there is lots of upside here. IMO DYOR.

good luck mate, it's easy to say but it is only money. Health & family are much more important.

donotpanic clearly needs his beer money for tonight! All ramping tactics are now deployed ....LOL

taken with a pinch of salt I prefer his mindless optimism (as I assume people see it for what it is) rather than some of the ill informed and inaccurate posts we get which people probably read, buy into and make investment decisions based on....scary.