Member Info for Tex2374

Maybe; I seem to remember his constant claims of global conspiracies against sxx rather than acknowledging BoD not delivering the plan having bitten off more than they could chew.

Seems as though all record of him has disappeared and PAAA.

I tend to agree 15Lives, but Odey made the following comment in their email....

It is Odey’s opinion that such an interloper would most likely appear between the date that Sirius shareholders vote on the proposed transaction, and the date of the Court Hearing.

Ouch, big drop on the ValOre SP -10%

A lot of people have made a lot of money is a short space of time, there will naturally be a lot of profit taking. I suspect this is just the usually volatility till the share finds it’s new level. Hopefully it starts with a 5.

....well unless you are in Japan.

Well my target holding is now reached. Admittedly, more than I had banked on investing here, but I think this one may come good in 2020.

Worth a decent punt, I have to believe that there is a credible route to materially increase that £5m mc.

GLA

Given the deathly silence, I have just send an email to PAL to request an operational update since it’s been an age since the last one.

Given the hammering the sp has taken in the last month it would be reassuring to hear from the company.

Let’s see.......

Tex

Looks as though this will be the highest volume day as well (only quickly glanced at previous days so correct me if I am wrong)

Have to say I am surprised the rate at which this has motored since the last update. I assumed there would be a dip given the fact we moved so quickly, but any dip is bought into immediately.

Interesting to see where it will settle.

IK I was thinking the same!

Gosh,

Go away for a week and come back to 5p+

Exciting times.

I agree that probably not many shareholders know about the site. However, that just supports my view that it’s counter-productive. The amount pledged is still far too small to show any viable solution to an institutional investor. It’s all done with the best will in the world, but he’s not going to move the needle.

As many have already said this morning Odey are just in it for another 2p on the offer and since the article in the Evening Standard there have been no further mentions of anybody coming in with an alternative funding solution.

Since a lot of the people who would vote yes have already sold out it’s clear that the most likely outcome is a no vote and then following on from that potentially another increased offer from AAL or it will go to admin and they will pick it up at that stage.

Just my views.

True Calamari, that’s most likely.

TRue that was reported LTV.

However, it is not even a rounding error to them, their total portfolio is $300bn plus so a fraction of a %.

The question is therefore would they want to underwrite a mining project and who would they get in to run it? This is not their normal caper.

Again, I would suggest the website reflects some link to an II or similar, and ‘spells out they plan’. Plus there is no mention of CF going, which is clearly a prohibitor to many pledging.

“ I'm not sure the institutions heavily invested in this - bonds and shares - will let this fall into administration.”

I think their investment is a rounding error to their overall value and portfolios.

More likely that a new investor comes along rather than trying to persuade the old ones to stump up more. However, personally I see that as very unlikely (could be wrong though).

If the purpose of the survey is to entice a new II to underwrite the cash raise then this needs to be specified on the page ASAP. As I said over three weekend, it’s still not clear to me what the purpose of that website is. It doesn’t seem more than a polling mechanism and currently we just seem to be seeing a repeat of the signing of the petition, no one is interested in doing it. Still not even 10% pledged.

If there honestly were anywhere close to 85k PIs left, this thing would be flying. It takes a couple of mins to complete and there is no obligation.

I would in fact argue that the site is counter productive since any prospective investor would actually look at it and see only minimal PI support.

If a no vote happens (which I think it will) then it will be a higher offer to get Odey on board or admin.

If it’s admin then hundreds will lose their jobs and the local area will lose all the associated investment from the mine. CF will just lose his £10k and just go and find another Exec role. PIs lose all their money in Sxx.

I am already thinking to the next vote against a revised offer of 7p or certain admin. What will people do then?

There - a contrarian view for debate to bring some balance back.

I will raise a Sunday glass of red to that Dcat.

Llmol, it’s unfortunately par for the course on lse.

Definitely a third of the way through the drilling program now. Maybe this week we will start to see some updates on the results.

This board is a delight. It’s because we are all here at the early evolution of the share. I keep banging on about more PR and attracting an increased volume of investor, but the downside is the dynamics of this board will dramatically change, unfortunately.

Oh well, best enjoy it while it lasts!

Tex

“ I will. Pub tonight. I’ll bend their ears.”

I could do with a pub night tonight. I’m a bit far away from you though, I fear!

Max, I think the website needs to spell these things out to people. It is not clear to me what the purpose of website is and what are the next steps it is trying to drive in order to progress an alternative to AAL or an ‘interloper’.

Also, it’s a very good point that people are unlikely to support investing money in a Company run by CF.

That’s said, I am not clear on the mechanics of getting him out via an EGM, post vote, and then putting a new leader in place to drive a funding raise.

The more I think about it, it is clear that any funding raise needs to be spearheaded by an II who would then offer the opportunity for PIs to invest in a company with a new management team. This would probably be an ideal scenario. Again, the issue is can a new leadership team can be put in place in a matter of weeks? Also, we need an II to proactively indicate that they would be willing to consider underwriting the raise targeted from PIs. If you had this then the pieces start to fall into place.

Food for thought.